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Residential Land for Sale in Drake, Colorado

981 Palisade Mountain Dr, Drake, CO 80515

$150,000
0.81 acres
Active sale
Est $1,135/mo

This nearly one-acre mountain parcel offers sweeping views of the Continental Divide, including Long's Peak and portions of the Never Summers. A high-producing well has already been drilled, there is a vault waste system currently installed and approved for two bedrooms, electricity is to the property, and the homesite has been graded with minimal prep required. The property showcases dramatic rock outcroppings, breathtaking mountain vistas, and easy access to outdoor recreation. Nearby trails on Palisade and Storm Mountain provide opportunities for hiking, jeeping, side-by-sides, and more, while trout fishing can be enjoyed along the nearby Big Thompson River. Within the community, residents also have access to a private lake where fishing and non-motorized boating are allowed. A home once stood here but was lost in the Alexander Mountain Fire of 2024, leaving behind a ready-to-build site with utilities already in place. Whether you're envisioning a mountain retreat or a full-time residence, this property is primed for your dream home.

Location

Street address
981 Palisade Mountain Dr
Community
Cedar SPGS Estates
School district
Thompson R2-J
Elevation
7,322 feet
Coordinates
40.4507, -105.3169

Property details

Lot size
0.81 acres35,284 sq ft
Zoning
O
Access
Private road
MLS #
REcolorado IR1049024
Posted

Property taxes

2024
$1,481

Expenses

Homeowner Association Fee
$53 annually

Parcels

  • R0466964

Legal description

Details and features

Listing

Type
Land
Subtype
Improved Land
Possible Use
Residential
Terms
Cash, Conventional, FHA, VA Loan
Possession
Closing/DOD

Lot

Vegetation
Grassed
Road Frontage
Private Road
Road Surface
Dirt
View
Mountain(s), Plains
Well Permits
205261-A
Rights
Water Rights
Features
Rock Outcropping, Rolling Slope

Exterior

Horses Allowed
Yes

Structure

Water
Well
Sewer
Septic Tank

Property utilities

CategoryTypeStatus
SewageSeptic SystemAvailable
WaterPrivate WellAvailable

Nearby schools

NameTypeDistrict
Big ThompsonElementaryThompson R2-J
Thompson ValleyHighThompson R2-J

Listing history

DateEventPriceChangeSource
Jan 6, 2026New listing$150,000IRES
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This 0.81-acre property is located at 981 Palisade Mountain Dr in Drake, CO 80515. The property is available for sale for $150,000.

Checked 2 hours agoUpdated

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REcolorado

Based on information submitted to the MLS GRID as of May 24, 2026 5:00 am 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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