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Land with Home for Sale in Twin Lakes, Colorado

389 Mount Elbert Dr, Twin Lakes, CO 81251

$925,000
4 acres
Active sale
ago
Est $5,040/mo

Discover true mountain living at this custom-built sanctuary designed by its architect first owner. Nestled on 3.92 acres, spanning 8 contiguous lots this property offers a rare combination of rustic charm and modern efficiency.

Featuring 2,031 square feet of total living space divided between a stunning main chalet and a private guest cottage. The 3-level main cabin greets you with soaring tongue-and-groove ceilings, a walk-out basement, and expansive wrap-around Trex decks framed by massive Douglas Fir columns. Recent modern updates include beautifully remodeled custom kitchen cabinetry, premium stainless appliances, and two refreshed bathrooms. After a day of mountain adventures, unwind in the Wi-Fi-controlled Harvia Redwood sauna located perfectly under the covered deck.

Above the heated, finished and insulated 2-car garage sits a spacious 1-bedroom, 1-bathroom guest cottage complete with a wet bar—ideal for hosting guests. The property boasts, split-log siding, standing seam Class 4 impact-resistant metal roofs, and ultra-efficient Steffes Electric Thermal Storage heating systems.

Practicality meets luxury with 10+ years of firewood ready in the detached woodshed and on the property, a lockable wine closet, overhead kayak storage, and year-round road maintenance provided by the Pan Ark Estates Metro District. A rare bonus: the sale includes a highly valuable additional Mount Elbert Water Association certificate for future use. Experience ultimate Colorado privacy with all the comforts of home.

2,031
Sq feet
3
Beds
3
3/4 baths
2008
Built

Location

Street address
389 Mount Elbert Dr
Zip code
81251
Community
Pan Ark
School district
Lake County R-1
Elevation
9,734 feet
Coordinates
39.1051, -106.3282

Property details

Acreage
3.92 acres
MLS #
REcolorado 2905720
Posted

Property taxes

2025
$3,772

Parcels

  • 290110301063

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Ownership
Individual
Terms
1031 Exchange, Cash, Conventional, VA Loan
Exclusions
Sellers Personal Property
Possession
Closing/DOD

Lot

Road Frontage
Public
Road Responsibility
Private Maintained Road
View
Mountain(s), Valley
Well Type
Community
Well Usage
Domestic
Features
Many Trees, Mountainous

Exterior

Parking Spaces
2
Parking
Unpaved
Fencing
None
Outdoor Spaces
Deck, Wrap Around

Structure

Type
House
Condition
Updated/Remodeled
Levels
Three or More
Electric
110 V, 220 Volts
Water
Private
Sewer
Septic Tank
Heating
Electric, Wood Stove
Materials
Frame, Wood Siding
Roof
Metal
Foundation
Slab

Interior

Rooms
Bathroom Three Quarter x 3, Bedroom x 3, Bonus Room, Family Room, Kitchen, Living Room
Flooring
Carpet, Tile
Features
Ceiling Fan(s)

Property utilities

CategoryTypeStatus
PowerGridConnected
SewageSeptic SystemConnected
GasPropaneConnected

Nearby schools

NameTypeDistrict
PittsElementaryLake County R-1
Lake CountyMiddleLake County R-1
Lake CountyHighLake County R-1

Listing history

DateEventPriceChangeSource
Aug 11, 2026New listing$925,000REcolorado
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This 3.92-acre property is located at 389 Mount Elbert Dr in Twin Lakes, CO 81251. The property is available for sale, priced at $925,000. It has a 2,031 square foot 3-bedroom, 3-bath house built in 2008.

Checked 1 hour agoUpdated

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REcolorado

Based on information submitted to the MLS GRID as of Aug 20, 2026 11:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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