Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    426 PARRY PEAK DRIVE Twin Lakes, CO 81251

    View on Map
    Claim this Listing
    For Sale
    $174,000

    Unimproved Land - Twin Lakes, CO

    Type:Unimproved Land
    Lot size:
    0.46 Acres
    Added:
    Jul 6, 2025
    Days on Market:
    305
    Last Refresh:
    May 6 at 2:06 pm

    Property Features for 426 PARRY PEAK DRIVE

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Zoning
    Single Family Equivalent
    Standard status
    Active
    APN
    290110301353
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3765.38

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stewart Voutour

    Listing agent Stewart Voutour

    Listing office Slifer Smith & Frampton R.E. 400 Main St, Ste E & F, Breckenridge, CO

    Listing date Jul 6, 2025

    MLS# S1059953 Listing URL

    Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Panoramic views of Twin Lakes, Mount Elbert, and the Sawatch Range.
    • Rare opportunity in a desirable location with limited availability.
    • Year‑round access and mountain serenity.
    • Conveniently located near Twin Lakes, Leadville, and Buena Vista.
    • Water provided by Mount Elbert Water Association.
    • Services maintained by Pan Ark Metropolitan District.

    Overview

    Land with Panoramic Mountain Views

    This is a rare opportunity to acquire an unimproved land parcel with sweeping views of Twin Lakes, Mount Elbert, and the Sawatch Range. The 0.46-acre lot is nestled among mature trees, offering year-round access and a sense of mountain serenity. The property is conveniently located a short drive from the historic village of Twin Lakes, as well as Leadville and Buena Vista. Water is provided by Mount Elbert Water Association, and other services are maintained by the Pan Ark Metropolitan District. The property is zoned Single Family Equivalent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel Bed & Breakfast Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Twin Lakes
    County
    Lake
    State
    Colorado
    Longitude
    -106.323948
    Latitude
    39.10367

    Nearby Similar for Sale

    • $1,700,000

      Historic Hospitality Property in Twin Lakes

      Turn-key hospitality masterpiece in Twin Lakes at the foot of Mt. Elbert.
      6435 E State Highway 82, Twin Lakes, CO 81251
      View Details
    • $595,000

      Twin Lakes Homesite with Mountain Views

      3.15-acre homesite with architectural plans and mountain views.
      104 NORTHVIEW, Twin Lakes, CO 81251
      View Details
    • $69,900

      Land in Pan Ark Estates

      Serene lot near Twin Lakes, ideal for outdoor enthusiasts.
      399 Fir Drive, Twin Lakes, CO 80461
      View Details
    • $56,000

      Land in Twin Lakes, CO

      Residential land perfect for a mountain home or base camp.
      340 Peak View Drive, Twin Lakes, CO 80461
      View Details
    • $6,513,600

      Land with Completed Home Included

      Exceptional mountain-modern homestead with land, views, and private waterfall.
      5585 Highway 82 Lot 15, Twin Lakes, CO 81251
      View Details
    • $90,000

      Twin Lakes Land Opportunity

      Three adjacent lots totaling approximately 0.9 acres in Pan Ark.
      124 Lodgepole Drive, Twin Lakes, CO 81251
      View Details
    • $5,820,000

      Twin Lakes Land with Completed Home

      Land with a completed 5,400-square-foot mountain-modern home included.
      5585 Highway 82 Lot 16, Twin Lakes, CO 81251
      View Details
    • $6,120,000

      Land with Mountain-Modern Homestead

      Land with a 5,400-square-foot mountain-modern homestead under construction.
      5585 Highway 82 Lot 17, Twin Lakes, CO 81251
      View Details
    • $595,000

      Twin Lakes Homesite with Mountain Views

      3.15-acre homesite with architectural plans and stunning views.
      104 Northview Drive, Twin Lakes, CO 81251
      View Details
    • $6,120,000

      Land with Mountain-Modern Homestead

      Exceptional land with a 5,400-square-foot mountain-modern homestead under construction.
      5585 Highway 82 Lot 17, Twin Lakes, CO 81251
      View Details
    • $5,820,000

      Land with Mountain-Modern Homestead

      Land with a 5,400-square-foot mountain-modern homestead under construction.
      5585 Highway 82 Lot 16, Twin Lakes, CO 81251
      View Details
    • $6,513,600

      Twin Lakes Land with Completed Home

      Land with a 5,400 sqft mountain-modern home under construction.
      5585 Highway 82 Lot 15, Twin Lakes, CO 81251
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare opportunity: land with views of Twin Lakes and mountains.
    Where is this residential land & home lot located?
    The property is located at 426 PARRY PEAK DRIVE Twin Lakes, CO.
    What is the asking price?
    The asking price for this property is $174,000.
    What are key features of this property?
    This property features: Panoramic views of Twin Lakes, Mount Elbert, and the Sawatch Range.; Rare opportunity in a desirable location with limited availability.; Year‑round access and mountain serenity.
    (970) 510-9697
    We can help!
    Listing Contact
    Stewart Voutour
    Real Estate License ID: 40047198
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    426 PARRY PEAK DRIVE, Twin Lakes, CO 81251
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!