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.
Lot/land
Price cut: $5K (7/6)
$145,000
981 Palisade Mountain Dr, Drake, CO 80515
--beds
--baths
0.81Acres
Mixed Use
Built in ----
0.81 Acres Lot
$378,500 Zestimate®
$--/sqft
$4/mo HOA
What's special
- 25 days |
- 157 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Steve Baumgaertner 970-988-8725,
C3 Real Estate Solutions, LLC
Source: IRES as distributed by MLS GRID,MLS#: 1063393
Facts & features
Property
Features
- Has view: Yes
- View description: Mountain(s), Hills, Plains View
Lot
- Size: 0.81 Acres
- Features: Native Plants
Details
- Parcel number: R0466964
- Zoning: O
- Special conditions: Private Owner
- Horses can be raised: Yes
- Horse amenities: Zoning Appropriate for 1 Horse
Utilities & green energy
- Electric: Poudre REA
- Gas: Propane
- Sewer: Septic Vault
- Water: Well
- Utilities for property: Electricity Available, Propane, Satellite Avail
Community & HOA
Community
- Features: Trail(s)
- Subdivision: Cedar Spgs Estates
HOA
- Has HOA: Yes
- HOA fee: $52 annually
- HOA name: Cedar Spgs Estates
Location
- Region: Drake
Financial & listing details
- Tax assessed value: $66,000
- Annual tax amount: $446
- Date on market: 7/6/2026
- Listing terms: Cash,Conventional,FHA
- Electric utility on property: Yes
- Road surface type: Dirt
Estimated market value
$378,500
$344,000 - $413,000
$1,974/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $145,000-3.3% |
Source:  IRES as distributed by MLS GRID #1063393 Report a problem | ||
| 1/6/2026 | Listed for sale | $150,000 |
Source: IRES as distributed by MLS GRID #1049024 Report a problem | ||
| 1/6/2026 | Listing removed | $150,000 |
Source: IRES as distributed by MLS GRID #1043091 Report a problem | ||
| 9/5/2025 | Listed for sale | $150,000-49.2% |
Source: IRES as distributed by MLS GRID #1043091 Report a problem | ||
| 2/21/2020 | Sold | $295,000-4.8% |
Source: IRES as distributed by MLS GRID #901022 Report a problem | ||
| 1/15/2020 | Pending sale | $310,000 |
Source: RE/MAX Eagle Rock #901022 Report a problem | ||
| 1/3/2020 | Listed for sale | $310,000+52.7% |
Source: RE/MAX Eagle Rock #901022 Report a problem | ||
| 1/11/2005 | Sold | $203,000+138.8% |
Source: Public Record Report a problem | ||
| 3/10/1997 | Sold | $85,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $446 -69.9% | $4,125 -76.8% |
| 2024 | $1,481 -28.4% | $17,768 -36.4% |
| 2023 | $2,068 -2.4% | $27,939 +40.5% |
| 2022 | $2,119 +15.8% | $19,891 -2.8% |
| 2021 | $1,830 +1.3% | $20,463 +16.3% |
| 2020 | $1,806 +7% | $17,590 -0.7% |
| 2019 | $1,688 | $17,712 +12.9% |
| 2018 | $1,688 | $15,689 |
| 2017 | $1,688 +11.8% | $15,689 +21.6% |
| 2016 | $1,510 +20.1% | $12,903 +0% |
| 2015 | $1,257 +22.6% | $12,900 +20.9% |
| 2014 | $1,026 | $10,670 -7.1% |
| 2013 | -- | $11,480 -9.1% |
| 2012 | -- | $12,630 |
| 2011 | -- | $12,630 -23.1% |
| 2010 | -- | $16,420 |
| 2009 | -- | $16,420 +1.5% |
| 2008 | -- | $16,170 |
| 2007 | -- | $16,170 +12% |
| 2006 | -- | $14,440 |
| 2005 | -- | $14,440 +20.6% |
| 2004 | -- | $11,970 +2.6% |
| 2002 | -- | $11,670 |
| 2001 | -- | $11,670 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 80515
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10Big Thompson Elementary SchoolGrades: K-5Distance: 7.1 mi
- 5/10Walt Clark Middle SchoolGrades: 6-8Distance: 11.6 mi
- 6/10Thompson Valley High SchoolGrades: 9-12Distance: 12.2 mi
Schools provided by the listing agent
- Elementary: Big Thompson
- High: Thompson Valley
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $80,0000.921 Acres883 Palisade Mountain Dr, Drake, CO 80515Sold
- $200,0002.53 Acres1045 Palisade Mountain Dr, Drake, CO 80515Lot/Land
- $397,7002 bd1 ba1.1k sqft910 Palisade Mountain Dr, Drake, CO 80515Off Market
- $489,4003 bd1 ba1.6k sqft970 Palisade Mountain Dr, Drake, CO 80515Off Market
- $436,2003 bd1 ba1.1k sqft1000 Palisade Mountain Dr, Drake, CO 80515Off Market
- $492,4003 bd2 ba1.6k sqft940 Palisade Mountain Dr, Drake, CO 80515Off Market
- $308,6002 bd0 ba720 sqft851 Palisade Mountain Dr, Drake, CO 80515Off Market
- $371,300-- bd-- ba-- sqft1045 Palisade Mountain Dr, Drake, CO 80515Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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