518 E 7th Street, Leadville, CO 80461

• 2 beds |
• 1 bath |
• 855 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

HomeSmart Preferred Realty : 719-458-1345

Listing Agent:

Jodi Nordahl-Homes : 719-581-9110

MLS ID:

9082118

Interior

• A/C: None
• Heating: Passive Solar

Exterior

• Parking: Parking spaces: 2

Construction

• Roofing: Composition
• General: One

Location

• Originating MLS: recolorado
• School District: Lake County R-1
• County: Lake

Lot

• Zoning: LOTS 12345A27 BLK 15 STRAY HORSE328/468 351/42 365/13 411/111 431/411 457/490471/41 471/607 474/367 474/661 475/492 563/314614/980 592/383 601/134-5 603/930-2 COMBINED 20001578& 20001563 LOT LINE CONSOLIDATION ON 5 & 6 ONLYAT 616/586263324307012

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: recolorado
• Ownership: Individual
• Exclusions: Sellers Personal Property

This listing courtesy of Jodi Nordahl-Homes, HomeSmart Preferred Realty