$480,000
SOLD JUN 27, 2025

519 Palisade Mountain Dr Drake, CO 80515

1 Bed
1.5 Baths
1,024 Sq Ft
1.48 Acres

Recently Sold

$469 Per Sq Ft

7 Days on Market

Highlights

  • Parking available for a boat
  • Horses Allowed On Property
  • Open Floorplan
  • Big Thompson Elementary School Rated A-
  • Spa
  • Mountain View

About This Home

As of June 2025

Welcome to your dream mountain getaway in the heart of Drake, Colorado-perfectly situated between Loveland and Estes Park. This charming and updated mountain home sits on 1.48 acres of level land, ideal for horses, dogs, gardening, or simply enjoying wide-open space. Surrounded by stunning views-including Longs Peak, Palisade Mtn, and Storm Mtn., visible from your porch, living room, and bedroom. This home blends rustic charm with modern comfort. Located in the scenic, off-road friendly town of Drake, this home is minutes from Storm Mountain, a favorite for four-wheel drives, dirt bikes, and hikers alike. The area is rich with outdoor adventures and a welcoming mountain community. Some neighbors have operated STRs (Short-Term Rentals)-check with Larimer County for permitting. Already a spacious and comfortable one-bedroom, the septic is sized for two bedrooms-offering future expansion potential. See video at

Last Agent to Sell the Property

Steve Baumgaertner

C3 Real Estate Solutions, LLC Listed on: 05/22/2025

C3 Real Estate Solutions, LLC

Last Buyer's Agent

Joy Basia

Keller Williams Top of the Rockies Real Estate

Keller Williams Top of the Rockies Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1983

Lot Details

  • 1.48 Acre Lot
  • Dirt Road
  • Open Space
  • East Facing Home
  • Kennel or Dog Run
  • Wire Fence
  • Level Lot
  • Meadow
  • Landscaped with Trees

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 3 Car Detached Garage
  • Parking available for a boat

Home Design

  • Cabin
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 1,024 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Multiple Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Painted or Stained Flooring
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Primary bathroom on main floor

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Accessible Home Design

  • Garage doors are at least 85 inches wide
  • No Interior Steps
  • Accessible Approach with Ramp

Outdoor Features

  • Spa
  • Deck
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Outbuilding

Schools

  • Big Thompson Elementary School
  • Clark Middle School
  • Thompson Valley High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Grass Field

Utilities

  • Cooling Available
  • No Heating
  • Propane

Community Details

  • Association fees include management
  • Cedar Springs Improvement Assc Association
  • Cedar Spgs Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number R0466271

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,343

Year Built

Built in 1983

Lot Details

0

HOA Fees

$4 per month

Parking

3

Listing Details

  • Inclusions: Window Coverings,Gas Range/Oven,Double Oven,Dishwasher,Refrigerator,Microwave
  • Year Built: 1983
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 1.48
  • Road Frontage Type: Priv Rd up to County Standards
  • Road Surface Type: Dirt
  • Subdivision Name: Cedar Spgs Estates
  • Above Grade Finished Sq Ft: 1024
  • Architectural Style: Cabin, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1024
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Farm
  • Private Spa: No
  • Appliances: Gas Range/Oven, Double Oven, Dishwasher, Refrigerator, Microwave
  • Accessibility Features: Accessible Approach with Ramp, Level Lot, No Stairs, Main Floor Bath, Main Level Bedroom, Main Level Laundry
  • Has Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: 2+ Fireplaces, Gas, Living Room, Primary Bedroom
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, Open Floorplan, Pantry, Walk-In Closet(s)
  • Living Area: 1024
  • Main Level Bathrooms: 2
  • Window Features: Window Coverings, Double Pane Windows
  • IRESDS_HasFamilyRoom: No
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 17
  • Master Bedroom Features: Luxury Vinyl Floor
  • Room Kitchen Features: Luxury Vinyl Floor
  • Room Living Room Area: 340
  • Living Room Features: Luxury Vinyl Floor
  • Room Kitchen Area: 132
  • Dining Room Dining Room Level: Main
  • Room Master Bedroom Area: 323

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wire
  • Lot Features: Level, Sloped, Abuts Private Open Space, Meadow
  • View: Mountain(s)
  • View: Yes
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame, Wood Siding, Cedar/Redwood, Painted/Stained
  • Direction Faces: East
  • Exterior Features: Hot Tub Included
  • Other Structures: Kennel/Dog Run, Workshop, Storage, Outbuildings
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: RV/Boat Parking, >8' Garage Door
  • IRESDS_Garage Sq Ft: 1040
  • IRESDS_GarageType: Detached

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: None
  • Utilities: Propane
  • Laundry Features: Washer/Dryer Hookups, Main Level
  • Cooling Y N: Yes
  • Heating Yn: No
  • Electricity On Property: No
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fee Includes: Management
  • Senior Community: No
  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association Name: Cedar Springs Improvement Assc
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: Yes

Schools

  • Elementary School: Big Thompson
  • HighSchool: Thompson Valley
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Clark (Walt)

Lot Info

  • Zoning: O
  • Current Use: Horses
  • Lot Size Sq Ft: 64487
  • Parcel #: R0466271
  • Irrigation Water Rights: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3343

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2025
Closed on
Jun 27, 2025
Sold by
Anderson Bridgette Sandra
Bought by
Michiels Brooke E and Michiels Justin K
Seller's Agent
Steve Baumgaertner
C3 Real Estate Solutions, LLC
Buyer's Agent
Joy Basia
Keller Williams Top of the Rockies Real Estate
List Price
$480,000
Sold Price
$480,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.49%
Original Mortgage
$18,852
Outstanding Balance
$18,836
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
$453,558

Purchase Details

Listed on
Sep 25, 2020
Closed on
Jan 28, 2021
Sold by
Loeffler Lawrence P
Bought by
Anderson Bridgette Sandra
Seller's Agent
Javier Gomez
RE/MAX Mountain Brokers
Buyer's Agent
Katy Baumgaertner
C3 Real Estate Solutions, LLC
List Price
$350,000
Sold Price
$336,000
Premium/Discount to List
-$14,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$150,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1994
Sold by
Loeffler Lawrence P
Bought by
Loeffler Lawrence P

Purchase Details

Closed on
Mar 1, 1994
Sold by
Mourning Donald B
Bought by
Loeffler Lawrence P
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $480,000 Nuway Title & Escrow
Special Warranty Deed $336,000 Ascent Escrow & Title
Quit Claim Deed -- --
Warranty Deed $18,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $18,852 FHA
Open $471,306 FHA
Closed $18,852 FHA
Previous Owner $80,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $150,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Sold $480,000 0.0% $469 / Sq Ft
05/22/2025 05/22/25 For Sale $480,000 +42.9% $469 / Sq Ft
04/28/2022 04/28/22 Off Market $336,000 -- --
01/28/2021 01/28/21 Sold $336,000 -0.9% $583 / Sq Ft
11/05/2020 11/05/20 Price Changed $339,000 -0.3% $589 / Sq Ft
10/12/2020 10/12/20 Price Changed $340,000 -2.9% $590 / Sq Ft
09/25/2020 09/25/20 For Sale $350,000 -- $608 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,343 $35,463 $3,819 $31,644
2024 $1,906 $22,284 $3,819 $18,465
2022 $1,543 $14,838 $2,516 $12,322
2021 $1,581 $15,265 $2,588 $12,677
2020 $1,079 $10,368 $2,360 $8,008
2019 $1,064 $10,368 $2,360 $8,008
2018 $1,101 $10,231 $2,052 $8,179
2017 $985 $10,231 $2,052 $8,179
2016 $985 $10,013 $1,751 $8,262
2015 $976 $10,010 $1,750 $8,260
2014 $871 $9,060 $2,070 $6,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 1034706

IRES MLS

APN: 16263-19-013