1216 King Drive, Loveland, CO, 80537

About this residence

Rare opportunity to own a highly versatile 2.55-acre property offering equestrian amenities, multigenerational living, income potential, and room to create your own hobby farm-all with no use restrictions or restrictive covenants. The property is well equipped for horse owners with a barn featuring stalls, loafing shed, 120' x 70' arena, and 50' round pen. The acreage provides room for horses, animals, gardens, equipment, and the flexibility to enjoy rural living your way. The horse stalls also create potential rental income for buyers looking to offset a portion of their monthly mortgage payment. The main home offers expansive living space with multiple gathering areas, large bedrooms, a private office, sunroom, and an upper-level primary suite with multiple balconies. The finished basement functions as a complete in-law suite with 3 bedrooms, full kitchen, laundry, dining area, family room, and game room-ideal for extended family, older children, guests, or separate multigenerational living. Adding even more flexibility is the detached 635 sq ft ADU/guest house/carriage house featuring 1 bedroom, 1 bathroom, full kitchen, laundry, and its own garage. Use it for family, guests, a home office, or explore long-term or short-term rental opportunities where permitted. Combined with potential stall rentals, the property offers multiple ways to generate additional income and help offset ownership costs. Recent improvements include new decks, interior and exterior paint, carpet, select wood flooring, quartz countertops, and an updated kitchen backsplash. Listed square footage, bedroom, bathroom, and garage totals reflect the combined totals of both the main residence and guest house. Guest home adds 635 SF to the main floor number, one of the bedroom counts, one of the bathroom counts, and one of the garage stalls. There are 3 bedrooms in the basement, MLS inputting has limited capacity. Please see floor plans for individual home breakdown.

Building & HOA

Building

Paradise Acres

Year built

1987

HOA dues

$105 / mo

Property type

Single Family Residence

MLS #

IR1065861

Status

Off-Market

Location

1216 King Drive