About 265 Evergreen Drive
Unlock Over $170,000 in Instant Equity—Plus 11 Acres of Sub dividable Potential! This is more than just a mountain retreat—it’s a powerful investment opportunity in Leadville, Colorado. Recently appraised at $1.179 million (Sept '25), this stunning 3-bedroom, 4-bathroom home is now offered at just $998,000. That’s built-in value you can use immediately—whether to refinance, expand, or leverage the 11-acre sub dividable lot for future development or income potential. Opportunities like this—with instant equity and long-term upside—are incredibly rare. Step inside and be captivated by the dramatic impact of enormous windows that not only provide incredible passive solar warmth but also frame awe-inspiring, panoramic views of iconic Mt. Elbert and Mt. Massive. The newly renovated kitchen is a chef's dream, boasting designer tile backsplash, sleek quartz countertops, and a full suite of matte black stainless steel appliances. The main level offers convenience with two spacious bedrooms and a full bath, all beneath vaulted ceilings adorned with warm tongue and groove pine, creating an inviting cabin-like ambiance. Ascend to the upper level where a generous loft area awaits, perfect for a home office, cozy reading nook, or creative space. The private primary bedroom suite extends the vaulted ceilings, enhanced by rustic wood beam accents, offering a serene escape. Venture downstairs to find an open floor plan, complete with a charming stone fireplace. This versatile space is a blank canvas, ready for your personalized updates and ideas – imagine a home theater, game room, or additional living quarters! Beyond the beauty of the home, embrace the unparalleled Leadville lifestyle. Enjoy endless outdoor activities right from your doorstep, or explore the incredible investment potential through subdividing the generous lots for instant income. And for those seeking world-class adventure, Vail and Breckenridge's renowned ski slopes are less than an hour's drive away.
Features of 265 Evergreen Drive
| MLS® # | 2949072 |
|---|---|
| Price | $998,000 |
| Bedrooms | 3 |
| Bathrooms | 4.00 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 2,970 |
| Acres | 11.01 |
| Year Built | 2002 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Contemporary, Rustic |
| Status | Active |
Community Information
| Address | 265 Evergreen Drive |
|---|---|
| Subdivision | Leadville |
| City | Leadville |
| County | Lake |
| State | CO |
| Zip Code | 80461 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Asphalt, Unpaved |
| # of Garages | 2 |
| View | Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Kitchen Island, Primary Suite, Quartz Counters, Smoke Free, Walk-In Closet(s) |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer |
| Heating | Baseboard, Natural Gas, Passive Solar |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| Fireplaces | Basement, Living Room |
| Stories | Multi/Split |
Exterior
| Exterior Features | Balcony, Dog Run, Fire Pit |
|---|---|
| Lot Description | Level, Many Trees, Near Ski Area, Secluded, Subdividable |
| Windows | Window Coverings |
| Roof | Composition |
School Information
| District | Lake County R-1 |
|---|---|
| Elementary | Westpark |
| Middle | Lake County |
| High | Lake County |
Additional Information
| Date Listed | October 17th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Colorado Key Real Estate |
|---|