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Sold for $605,800
  • $605,800

    11 Highway 105, Palmer Lake, CO 80133

    4beds
    2baths
    1,440sqft
    Duplex
    Built in 1957
    -- sqft lot
    $583,700 Zestimate®
    $421/sqft
    $1,897 Estimated rent

    Home value

    $583,700

    $555,000 - $619,000

    $1,897/mo

    Zestimate® history
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    $1,897/mo

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    $1,897/mo

    Rent Zestimate®

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    $2,788/mo

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    $2,788/mo

    Est. payment

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    What's special

    Located in the heart of beautiful Palmer Lake, this stand-alone building is zoned convenience-commercial (CC) which permits a multitude of uses including a combination of residential and commercial. Current conditional-use permit for multi-family as a duplex! This building is turn-key for your rental investment needs with a 3 bed, 1 bath unit and a 2 bed, 1 bath unit, each with their own laundry! Whether long or short-term rentals are your goal, or if you choose to live in one unit and rent the other, this location cannot be beat! Public parking lots to the rear. Building was completely renovated with quality finishes in 2021 including: new bathrooms, kitchens, laundry, floors, walls, fixtures, furnace, water heater, and appliances! Pella windows, custom steel doors and a metal roof! Located in the middle of all things local including restaurants, shops, coffee and ice cream! Property backs directly to the Palmer Lake Recreation Area, home to huge, small-town events that draw 1,000s of visitors year-round like the Palmer Lake Wine Festival, the 4th of July Fireworks and the Palmer Lake Outdoor Classic! Ideal short-term rental location with unlimited outdoor recreation and miles and miles of trails immediately outside the door including fishing, hiking, biking, disc golf, pickleball and more! Breathtaking views of the surrounding mountains and the Palmer Lake Star! Entrepreneur? This property is located right on Highway 105 (old Main Street) with ideal frontage for both vehicles and foot traffic, near popular wedding venues and just 1 exit from the USAFA! Rent one side and open your dream boutique, salon or office in the other! Invest in Palmer Lake now…this small mountain town is evolving into a destination location with unlimited outdoor recreation and access to the National Forest! Walk to local restaurants, shops, coffee and ice cream! Relocate your business to this thriving little community!

    Zillow last checked:

    Listing updated:

    Listed by:

    Tricia Flake 719-459-8305,

    Main Street Brokers

    Bought with:

    Non Member

    Non Member

    Source: elevateMLS,MLS#: 4338789MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
    • Laundry: Electric Hook-up
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total interior livable area: 1,440 sqft

    Property

    Parking
    • Total spaces: 4
    Lot
    • Size: 6,263 Square Feet
    Details
    • Parcel number: 7105301009

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Alum/Vinyl/Steel
    • Foundation: Slab
    • Roof: Metal
    Condition
    • Year built: 1957

    Utilities & green energy

    • Water: Municipal
    • Utilities for property: Electricity Available

    Community & HOA

    Location
    • Region: Palmer Lake

    Financial & listing details

    • Price per square foot: $421/sqft
    • Tax assessed value: $584,462
    • Annual tax amount: $2,313
    • Date on market: 2/24/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    1/11/2026Listing removed$1,450$1/sqft
    Source: Zillow Rentals Report a problem
    12/6/2025Listed for rent$1,450$1/sqft
    Source: Zillow Rentals Report a problem
    5/8/2025Sold$605,800-5.3%$421/sqft
    Source: elevateMLS #4338789 Report a problem
    3/8/2025Pending sale$639,900$444/sqft
    Source: REcolorado as distributed by MLS GRID #7647613 Report a problem
    3/8/2025Contingent$639,900$444/sqft
    Source: elevateMLS #4338789 Report a problem
    2/24/2025Listed for sale$639,900+47.8%$444/sqft
    Source: elevateMLS #4338789 Report a problem
    8/16/2021Sold$433,000+299.1%$301/sqft
    Source: Public Record Report a problem
    3/11/1999Sold$108,500$75/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,313 -32.3%$39,160
    2023$3,418 -1.2%$39,160 -19.7%
    2022$3,458 $48,790
    2021-- $48,790 +25.1%
    2020$2,878 +0.5%$39,000
    2019$2,864 +8.9%$39,000 +15%
    2018$2,631 +0.2%$33,920
    2017$2,625 -0.2%$33,920 +3.7%
    2016$2,631 +1.1%$32,720
    2015$2,602 $32,720
    Find assessor info on the county website

    Neighborhood: 80133

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Lewis-Palmer-38

    Source: elevateMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $583,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $583,700