A meaningful price improvement on this extraordinary, one-of-a-kind riverfront home, a meticulously refurbished historic hydroelectric plant reimagined into a striking private residence where history and modern luxury converge. Set on 3 acres between the gently cascading Fall River and the Arapaho National Forest, the setting is both serene and inspiring. Once inside the home is even more jaw dropping than the outside: a custom chef’s kitchen anchors the open living space with a dramatic 12-foot Italian granite island, Wolf range, double ovens, Sub-Zero refrigeration, copper prep sinks, coffee nook, walk-in pantry, and bespoke cabinetry. Acid-stained concrete floors, radiant heat, 18-inch walls, and a Russian stone fireplace with bread oven create warmth, efficiency, and unforgettable character. Tall barn doors open to an expansive patio with propane grill line and hot tub, while the fenced yard, covered dog run, greenhouse, fairy garden, picnic areas, and storage spaces extend the lifestyle outdoors. A heated detached studio offers creative flexibility or potential garage conversion. The primary suite features programmable skylights and an adjoining bonus room ideal for an office, den, or fitness space. Whole-house generator included. Beyond the gates, Idaho Springs is stepping confidently into its next chapter with a gondola to a mountaintop music venue, revitalized motels, luxury condos at the former ARCO mine, and a growing mix of restaurants, galleries, breweries, and cafés. Walk to downtown shops, dining, festivals, and events, or soak in nearby mineral hot springs just minutes away. Ideally positioned under 3 miles from I-70 and halfway between Denver and Vail with easy access to Loveland, Winter Park, A-Basin, and Copper. At ~7,500 ft elevation, enjoy sunshine, alpine air, and less snow removal. A rare lifestyle opportunity, investment hold, or legacy retreat in a town being rediscovered.
Accepting backups
Price cut: $75K (2/6)
$1,500,000
2971 Fall River Road, Idaho Springs, CO 80452
3beds
2,804sqft
Est.:
Single Family Residence
Built in 1910
3.05 Acres Lot
$-- Zestimate®
$535/sqft
$-- HOA
What's special
Fenced yardFairy gardenHot tubRiverfront homeSub-zero refrigerationRadiant heatHeated detached studio
- 356 days |
- 1,219 |
- 49 |
Zillow last checked: 8 hours ago
Listing updated: February 17, 2026 at 03:11pm
Listed by:
Anastasia Johnson 303-771-3850 todd@madisonprops.com,
Madison & Company Properties
Source: REcolorado,MLS#: 2199429
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Bedroom
- Description: Walk-In Closet With Custom Shelving, Dog Door To Protected Dog Run, Currently Used As Tv Room
- Level: Main
Bedroom
- Description: Custom Closet With Shelving
- Level: Main
Bathroom
- Description: Ensuite Bathroom Between Bedroom 2 & 3, Jetted Tub/Shower, Lux Bidet, Programmable Skylight
- Level: Main
Bathroom
- Description: Custom Sink/Vanity
- Level: Main
Other
- Description: Custom Built-In Night Stands, Custom Walk-In Closets, Bonus Room, Exterior Door
- Level: Main
Other
- Description: Steam Room/Shower, Abradorite Countertop, Programmable Skylight
- Level: Main
Great room
- Description: Open Plan With Large Windows And Remote Controlled Hunter Douglas Blinds On All Windows
- Level: Main
Kitchen
- Description: Chef's Dream Kitchen, Wolf Range, Copper Backsplash, Sub-Zero Refrigerators/Freezers, Granite Island/Countertops, Custom Cabinets
- Level: Main
Laundry
- Description: Utility Sink, Washer & Dryer Included
- Level: Main
Office
- Description: Built In Desk And Custom Shelving, Original Hydroelectric Converter Display, Storage Area/Loft
- Level: Main
Heating
- Radiant Floor
Cooling
- Has cooling: Yes
Appliances
- Included: Convection Oven, Dishwasher, Double Oven, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Cooler
Features
- Built-in Features, Ceiling Fan(s), Five Piece Bath, Granite Counters, High Ceilings, High Speed Internet, Jack & Jill Bathroom, Kitchen Island, No Stairs, Open Floorplan, Pantry, Primary Suite, Radon Mitigation System, Smoke Free
- Flooring: Carpet, Concrete, Tile
- Windows: Double Pane Windows, Skylight(s), Window Coverings
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Great Room, Wood Burning
Interior area
- Total structure area: 2,804
- Total interior livable area: 2,804 sqft
- Finished area above ground: 2,804
Video & virtual tour
Property
Parking
- Total spaces: 8
- Details: Off Street Spaces: 8
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch, Patio
- Exterior features: Barbecue, Dog Run, Fire Pit, Gas Grill, Private Yard
- Has spa: Yes
- Spa features: Steam Room, Spa/Hot Tub, Heated
- Fencing: Partial
- Has view: Yes
- View description: Meadow, Mountain(s), Water
- Has water view: Yes
- Water view: Water
- Waterfront features: River Front
Lot
- Size: 3.05 Acres
- Features: Borders National Forest, Fire Mitigation, Level, Meadow, Mountainous, Secluded
- Residential vegetation: Aspen, Wooded
Details
- Parcel number: 183517202001
- Zoning: MR-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain Contemporary
- Property subtype: Single Family Residence
Materials
- Rock, Wood Siding
- Roof: Concrete,Other
Condition
- Updated/Remodeled
- Year built: 1910
Utilities & green energy
- Water: Well
- Utilities for property: Electricity Connected, Internet Access (Wired), Phone Connected, Propane
Community & HOA
Community
- Subdivision: Jones Div
HOA
- Has HOA: No
Location
- Region: Idaho Springs
Financial & listing details
- Price per square foot: $535/sqft
- Tax assessed value: $885,920
- Annual tax amount: $4,324
- Date on market: 3/7/2025
- Listing terms: Cash,Conventional,Jumbo
- Exclusions: Seller's Personal Property
- Ownership: Individual
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,287/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2026 | Pending sale | $1,500,000$535/sqft |
Source:  REcolorado #2199429 Report a problem | ||
| 2/6/2026 | Price change | $1,500,000-4.8%$535/sqft |
Source: REcolorado #2199429 Report a problem | ||
| 10/12/2025 | Price change | $1,575,000-3.1%$562/sqft |
Source: REcolorado #2199429 Report a problem | ||
| 8/20/2025 | Price change | $1,625,000-4.4%$580/sqft |
Source: REcolorado #2199429 Report a problem | ||
| 3/7/2025 | Listed for sale | $1,700,000+13.3%$606/sqft |
Source: REcolorado #2199429 Report a problem | ||
| 10/15/2021 | Sold | $1,501,000+1.8%$535/sqft |
Source: Public Record Report a problem | ||
| 8/30/2021 | Pending sale | $1,475,000$526/sqft |
Source:  RE/MAX International #3842113 Report a problem | ||
| 7/24/2021 | Listed for sale | $1,475,000+207.3%$526/sqft |
Source: RE/MAX International #3842113 Report a problem | ||
| 4/17/2009 | Listing removed | $480,000$171/sqft |
Source: NRT Denver #665393 Report a problem | ||
| 4/4/2009 | Price change | $480,000-4%$171/sqft |
Source: NRT Denver #665393 Report a problem | ||
| 12/25/2008 | Price change | $500,000-1%$178/sqft |
Source: NRT Denver #665393 Report a problem | ||
| 11/17/2008 | Price change | $505,000+1%$180/sqft |
Source: NRT Denver #665393 Report a problem | ||
| 10/25/2008 | Price change | $500,000+0.2%$178/sqft |
Source: NRT Denver #665393 Report a problem | ||
| 6/19/2008 | Listed for sale | $499,000$178/sqft |
Source: NRT Denver #665393 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,324 +35.6% | $59,350 -5.3% |
| 2023 | $3,188 -0.4% | $62,640 +44.1% |
| 2022 | $3,201 | $43,480 -2.8% |
| 2021 | -- | $44,730 +7.9% |
| 2020 | $2,789 +0.4% | $41,460 |
| 2019 | $2,779 | $41,460 +13.7% |
| 2018 | $2,779 +17.3% | $36,450 |
| 2017 | $2,369 | $36,450 +12.9% |
| 2016 | -- | $32,280 |
| 2015 | -- | $32,280 +3.3% |
| 2014 | -- | $31,250 |
| 2013 | -- | $31,250 -0.1% |
| 2012 | -- | $31,290 |
| 2011 | -- | $31,290 +1.2% |
| 2010 | -- | $30,920 |
| 2009 | $2,046 | $30,920 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,789/mo
Principal & interest
$7314
Property taxes
$475
Climate risks
Neighborhood: 80452
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- NACarlson Elementary SchoolGrades: PK-6Distance: 4.7 mi
- 2/10Clear Creek Middle SchoolGrades: 7-8Distance: 10.9 mi
- 4/10Clear Creek High SchoolGrades: 9-12Distance: 10.9 mi
Schools provided by the listing agent
- Elementary: Carlson
- Middle: Clear Creek
- High: Clear Creek
- District: Clear Creek RE-1
Source: REcolorado. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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