Property
ActiveResidential
1/32
$249,000

518 E 7th Street

Leadville, CO 80461
2
Beds
1
Baths
855
SqFt
0.42
Acres
RECOLORADO
#9082118
Updated: Jun 23, 2026, 2:15pm

Property Description

$40,900 Price Improvement! Looking for a budget-friendly project with exceptional potential?
This adorable 1888 Victorian offers a rare chance to own a true piece of Leadville history—at a remarkably reasonable price, being sold as is/where is, for an East Side property. Set on a generous 0.42-acre lot, the home spans multiple consolidated parcels, giving you room to reimagine, restore, or plan for future redevelopment if desired (buyer to verify). Or renovate to your liking and move in to this terrific mountain home!

The house itself is a full renovation project, and entry requires a signed waiver due to its age and condition. Floors may have soft spots, and sections of the home may not meet current code, making this an opportunity best suited for seasoned renovators, builders, or investors. Cash or rehab loans only.

A major bonus is the oversized garage built in 2005—a valuable asset that adds immediate utility and storage while the main home awaits revitalization.

The lot includes a mine waste pile under OU9 of the California Gulch Superfund Site. Contaminant levels tested below removal thresholds, but institutional controls limit soil disturbance, and redevelopment may require coordination with CDPHE and Lake County Environmental Health.

No one under 18 allowed on-site.

Want full documentation? Reach out for environmental reports, ICs, and showing requirements. A rare chance to revive an iconic Victorian on the East Side—offered at a price that reflects both its challenges and its potential.

Property Details

Interior
Above Grade Finished Area
855
Building Area Total
855
Cooling
None
Heating
Passive Solar
Living Area
855
Room Count
5
Construction
Also Marketed As
LandResidential
Building Area Source
Public Records
Construction Materials
Other
Levels
One
Roof
Composition
Structure Type
House
Year Built
1888
Site & Exterior
Garage Spaces
2
Lot Size Acres
0.42
Lot Size Area
0.42
Lot Size Square Feet
18295.2
Lot Size Units
Acres
Parking Total
2
Sewer
Public Sewer
Water Included
Yes
Water Source
Public
Financials
Contract Earnest Check To
True Title
Contract Min Earnest
5000.00
Exclusions
Sellers Personal Property
Ownership
Individual
Parcel Number
263324307012
Special Listing Conditions
None
Tax Annual Amount
2178
Tax Legal Description
LOTS 1,2,3,4,5A,27 BLK 15 STRAY HORSE, 328/468 351/42 365/13 411/111 431/411 457/490, 471/41 471/607 474/367 474/661 475/492 563/314, 614/980 592/383 601/134-5 603/930-2 COMBINED 20001578, & 20001563 LOT LINE CONSOLIDATION ON 5 & 6 ONLY, AT 616/586
Tax Year
2024
Title Company
True Title

Neighborhood & Lifestyle

Community & Association
Senior Community
No
Subdivision Name
Leadville Stray Horse
Schools
Ratings
Elementary
Westpark
Middle
Lake County
High
Lake County
Elem. District
Lake County R-1
Middle District
Lake County R-1
High District
Lake County R-1
Listing provided courtesy of RECOLORADO via IDX. Updated: Jun 23, 2026, 2:15pm.
Jodi Nordahl-Homes

Listing Agent

HomeSmart Preferred Realty

Call Agent