Residential · Active

507 & 505 Alder Street

Leadville, CO 80461

4 Beds · 4 Baths · 2,772 Sq Ft

$1,290,000

Single Family

Property Type

0.15 acres

Lot Size

2019

Year Built

$465

Price per Sq Ft

9377999

MLS #

About This Property

Built in 2019, this well-designed custom home offers modern comfort, mountain views, and incredible flexibility — featuring not one but two income-ready ADUs! The main level features an open-concept living and kitchen area with abundant natural light, a wood stove, and seamless flow for everyday living and entertaining. Also on this level are a ¾ bath, laundry, and a deck showcasing some of the most beautiful mountain views Leadville has to offer.

You'll immediately notice the attention to detail throughout this beautiful home. Upstairs you'll find spacious bedrooms with large closets and two full bathrooms. The primary suite includes a double vanity, generous closet space, and a luxurious bathroom with heated floors, all with tasteful modern finish.

The lower level offers a fully independent ADU with its own full kitchen, bedroom, living area, and full bathroom — ideal for rental income, guests, or multi-generational living. Tap and sewer fees have been paid, adding valuable peace of mind and utility.

Adding even more versatility, a detached 2-car garage comes complete with a second ADU above — featuring a spacious 2 bedroom, 1 bath unit offering additional income potential or living space. Because the garage/ADU is on its own confirmed separate legal parcel, it adds significant standalone value — giving a buyer the rare opportunity to acquire additional rental income, a workshop/storage garage, or a true compound-style setup with two separately titled properties in one prime location.

Ideally located on the corner of E 6th and Alder St, within an easy walk to downtown Leadville and within minutes of the East Side Trails, this home offers both convenience and direct access to outdoor recreation.

Thoughtfully built with character and functionality, this property — with its main home, basement ADU, and detached garage ADU — provides exceptional versatility in a prime location! (Seller is willing to negotiate the house property w/o the garage/ADU)

86 days on market

Listed by Heather Lindh & Yasmine Pereida · Aspen Leaf Realty · heatherlindh@gmail.com,719-486-1930

Last updated: 7/29/2026 10:50 AM · Source: REcolorado®, MLS#: 9377999

Property Details

Key Details

Property Type Residential
Sub Type Single Family Residence
Status Active
Price per Sq Ft $465
Subdivision Alice Placer
MLS # 9377999
Days on Market 86
Bedrooms 4
Full Baths 3
Three-Quarter Baths 1

More Details

Year Built 2019
Lot Size (Sq Ft) 6,534
Acres 0.15
HOA No
Annual Taxes $4,927
State CO
County Lake
Zoning Traditional Residential

Interior

Heating Baseboard, Hot Water
Cooling None
Fireplaces 1
Fireplace Features Family Room, Wood Burning Stove
Appliances Dishwasher, Dryer, Microwave, Range, Refrigerator

Exterior & Parking

Roof Shingle

Building & Lot

Basement Bath/Stubbed, Finished, Full, Walk-Out Access
Lot Features Corner Lot, Historical District
Levels Two
Construction Frame, Wood Siding
Sewer Public Sewer
Water Source Public

Terms & Other

Senior Community No
Special Conditions None Known

Location

Price History

DateEventPrice
7/26/2026 Listed for sale
Source: REcolorado® #9377999
$1,290,000 +7,271.4% $465/sqft
3/27/2016 Sold
Source: Altitude MLS #S392872
$17,500 -12.5% $6/sqft
7/17/2015 Listed for sale
Source: Altitude MLS #S392872
$20,000 $7/sqft

Based on information submitted to the MLS GRID as of October 20, 2026 at 10:57 AM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information last updated July 29, 2026 at 10:50 AM.

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