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951 N Highway 149, Lake City, CO 81235

None · Hinsdale County

Key Facts

5Beds
5Baths
5,494Sq Ft
1966Year Built
1.14Lot (acres)
1Stories

Description

Set on 1.139± acres, The Broadaxe is a rare and versatile multi-family property offering breathtaking views, thoughtful architectural details, and endless opportunity. Perched on a hillside, the property captures sweeping vistas of Round Top and Red Mountain while providing a peaceful setting where you can even hear the nearby river. The main residence is both spacious and inviting, featuring two bedrooms, two bathrooms, and two flexible spaces that can easily serve as offices, art studios, or additional bedrooms. Inside, the home is filled with natural light from abundant windows, highlighting the beautiful oak flooring and impressive wood beams throughout. Two separate living areas provide comfort and character—one centered around a cozy wood-burning stove, the other showcasing a striking stacked-stone fireplace. The kitchen is efficiently designed and overlooks one of the living spaces, creating a warm, connected atmosphere with room for dining. French doors lead directly from the kitchen to a scenic deck, perfect for enjoying the surrounding views. The home also offers a large laundry room, several spacious storage areas, some of which are heated, and access to an unfinished attic that has already been plumbed for a bathroom, presenting an excellent opportunity for future expansion. A charming library hallway connects the main home to the guest quarters, which can be closed off for privacy. This space includes two bedrooms, one bathroom, a dining area, and an efficiency kitchenette complete with a refrigerator, microwave, and sink. The living room here is especially inviting, with a floor-to-ceiling stacked-stone fireplace that adds warmth and character. Attached to the main home is a spacious one-bedroom, two-bath apartment with its own private entrance and a large deck. This unit features wood flooring, exposed ceiling beams, a dedicated laundry room, and an updated kitchen with stainless steel appliances. A Rinnai heater ensures efficient comfort, making this space ideal for extended family or rental income. In addition, a detached studio apartment provides even more flexibility. With a two-room layout and a bathroom, it can serve as guest accommodation, a creative workspace, or an additional income-producing unit. The outdoor setting is equally appealing, with mature trees, a lush lawn, and vibrant flowerbeds that bloom with daisies and perennials throughout the summer months. A sprinkler system was recently installed to maintain the landscape’s beauty and greenery. The location offers both convenience and charm. The property is within walking distance to the river, as well as a bakery, grocery store, and service station. Just a short drive away, the historic town of Lake City provides a variety of restaurants, shops, and recreational opportunities year-round. Whether envisioned as a private family retreat, a multi-generational home, or an income-producing investment, The Broadaxe presents a unique opportunity to own a truly special property immersed in local history in an exceptional setting.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Ranch

Year Built

1966

Stories

1

Living Area

5,494 sq ft

Lot Size

1.14 acres

Zoning

Other

MLS® Listing#

834450

Property Features

Interior

Walk-In Closet(s)

Appliances

DishwasherDryerRefrigeratorMicrowaveRangeOvenWasherElectric Water Heater

Cooling

Ceiling Fan(s)

Heating

BaseboardElectricFloor FurnacePropaneWoodWood Stove

Flooring

HardwoodTile

Fireplace

Family RoomLiving Room

Basement

Crawl Space

Patio

Deck

Construction

LogWood Siding

Roof

Metal

Windows

Window Coverings

Other Structures

Guest House

Utilities

Propane

Sewer

Public Sewer

Water Source

Public

Schools

Elementary:
Lake City K-12
Middle:
Lake City K-12
High:
Lake City K-12

Financial Details

HOA

None

Annual Taxes

$3,367

Tax year 2025

Parcel Number

450927114024

Directions

Call listing broker or listing office

Affordability Calculator

$299,000

Estimated monthly payment

$7,957/mo

Principal $1,196,000 · Est. interest $1,668,526 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Lake City, CO

$504,539
Median Listing Price
65
Median Days on Market
1,912
Median Sq Ft
$254
Median Price / Sq Ft
1,443
Active Listings
  • This home’s price is 196% above the area median.
  • Its price per sq ft is 7% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Lake City, CO.

Location

Map showing the location of 951 N Highway 149, Lake City, CO 81235

Points of Interest in Lake City, CO

Showing the Lake City area map.

Nearby Schools

  • Lake City Community School

    School · 0.4 mi away

  • Ouray Public Schools

    Secondary · 19.6 mi away

  • Lamb Elementary School

    Elementary · 24.6 mi away

  • Silverton Public School

    Secondary · 24.9 mi away

  • Creede School District

    Elementary · 25.6 mi away

  • Ridgway High School

    Secondary · 25.9 mi away

  • Ridgway School District R-2

    School · 25.9 mi away

  • Ridgway School District R-2

    School · 26.0 mi away

  • Ridgway Elementary School

    Elementary · 26.0 mi away

  • Mountain Sprouts Preschool

    School · 28.1 mi away

  • Telluride Elementary School

    Elementary · 28.3 mi away

  • Telluride School District

    Elementary · 28.5 mi away

  • Telluride Academy

    School · 28.5 mi away

  • Telluride High School

    Secondary · 28.5 mi away

  • Telluride Intermediate School

    Elementary · 28.6 mi away

  • Telluride Mountain School

    School · 31.6 mi away

  • Seasons Schoolhouse

    School · 40.6 mi away

  • Gunnison High School

    Secondary · 40.7 mi away

  • Cottonwood Elementary School

    Elementary · 41.0 mi away

  • Gunnison Middle School

    Secondary · 41.0 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Lake City

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Listing Courtesy: Murphy Real Estate - C: 719-849-1441

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
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Real Estate listings held by companies other than Murphy Real Estate contain that company's name.
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Date Last Updated

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SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

FAIR HOUSING DISCLAIMER

PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by CREN. MLS® Listing#834450. © 2026EXIT Realty®. All rights reserved.