2540 S Kipling Street, Lakewood, CO, 80227
About This Home
PRICE REDUCTION! Stunning Dual Home Retreat on 1 Acre with Panoramic Dual-Residence Estate with Mountain & City Views Discover a rare opportunity to own a versatile one acre property perched above Bear Creek Valley featuring two separate homes, each with its own utilities, privacy, and breathtaking 200 degree views of the mountain range and cityscape. Whether you’re seeking a multi generational living setup, rental income potential, or a private compound, this property offers unmatched flexibility, privacy, charm and offers unlimited opportunities for expansion. Within Lakewood suburbs and less than 20min drive to Downtown Denver. Home 1 — Spacious Open floor plan This inviting 2 bedroom + 2 nonconforming bedrooms, 3 bathroom home is perched to take full advantage of the sweeping vistas. •Expansive 200 degree city and mountain range views Chef's kitchen with plenty of storage and a 5-burner gas stove. - Main bathroom features a long, deep soaking bathtub. - Walk-in closet in the master bedroom. - Main floor laundry for ease of use, with room for an extended pantry and freezer. - Central wood stove to keep the home cozy while reducing gas usage. - Owned solar panels that provide a significant benefit to electricity bills - 95% finished basement provides room for additional 4th or even 5th bedrooms non conforming - Expansive windows and 2 large walk out patio doors lead out to the west deck for west and south facing views of the mountain range Cozy 2 Bedroom View Cottage This inviting 2 bedroom, 1 bathroom home is perched to take full advantage of the sweeping vistas. • Expansive 200 degree city and mountain range views • White picket fenced in yard ideal for pets or gardening • Independent septic system with use of a shared well system. • Perfect as a guest house, caretaker's home, income-producing rental, or private retreat Rent is $2300/month plus $35 pet rent. Lease ends May 31, 2026 Seller holds an inactive Colorado Real Estate License
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1973
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow,Cottage,Mid-Century Modern
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Oven,Range,Refrigerator
- Laundry features: In Unit
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access
Bathroom
- Level: Main
Bathroom
- Level: Main
Bathroom
- Level: Basement
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Basement
Bedroom
- Level: Basement
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Dining Room
- Level: Main
Family Room
- Level: Basement
Features
- Ceiling Fan(s),Five Piece Bath
- Window features: Double Pane Windows
- Flooring: Carpet,Wood
- Finished area below ground: 1,778
- Finished area above ground: 2,522
Heating & Cooling
- Heating features: Active Solar,Electric,Hot Water,Wood Stove
- Cooling features: Central Air
Interior Area
- Total structure area: 4,594
- Total interior livable area: 4,594 sqft
Kitchen
- Level: Main
Laundry
- Level: Main
Living Room
- Level: Main
Property
Details
- Parcel number: 097509
- Zoning: SFR
- Special condition: Standard
- Exclusions: Seller And Tenant Personal Property. Decoration Rocks By Entrance Gate.
Features
- Levels: One
- Stories: 1
- Entry location: Ground
- Patio & porch: Covered,Deck,Front Porch
- Exterior features: Balcony,Fire Pit,Garden,Private Yard,Rain Gutters
- Has spa: Yes
- Spa features: Spa/Hot Tub
- Fencing: Partial
- Has view: Yes
- View description: City,Mountain(s),Plains,Valley
Lot
- Lot size: 1 Acres
- Features: Corner Lot
Parking
- Total spaces: 4
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Lightning
- Winter Weather
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,304 | $63,648 |
| Home Insurance * | $511 | $6,132 |
| Property Taxes | $463 | $5,556 |
| Electricity | $346 | $4,161 |
| Total | $6,624 | $79,488 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Price change | $1,345,000 |
| 2026-04-02 | Price change | $1,395,000 |
| 2026-03-20 | Listed for sale | $1,450,000 |
| 2018-09-18 | Sold | $750,000 |
| 2018-07-26 | Pending sale | $779,900 |
| 2018-07-03 | Price change | $779,900 |
| 2018-04-23 | Price change | $790,000 |
| 2018-03-24 | Listed for sale | $850,000 |
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