Now offered at $399,000 - a compelling opportunity in the heart of historic Leadville! Situated on an oversized in-town lot just blocks from downtown, this mountain home combines historic character, thoughtful updates, flexible spaces, and room to make it your own. Start your mornings with coffee on the covered front porch before heading out to explore Colorado's highest peaks. Inside, the spacious living room features exposed wood beam ceilings, new luxury vinyl plank flooring, and a cozy new wood-burning stove. Recent improvements include updated electrical, foundation work, fresh interior paint, and an updated full bathroom with an in-unit washer and dryer. The refreshed kitchen offers a new gas range, floating shelves, and generous storage. A charming spiral staircase leads upstairs to two comfortable bedrooms, a convenient half bath, and brand-new carpet. Just off the kitchen, an oversized workshop provides plenty of room for woodworking, hobbies, gear storage, or additional workspace. Outside, the oversized, fully fenced backyard offers space for gardening, entertaining, future expansion, or creating your own mountain retreat. A bonus storage room with new flooring and a historic shed provide additional space for tools, bikes, skis, and outdoor gear. Enjoy the convenience of walking or biking to Leadville's coffee shops, restaurants, breweries, boutiques, and year-round events, with easy access to hiking, mountain biking, fishing, camping, skiing, and snowmobiling. Whether you're looking for a full-time residence, mountain getaway, or investment opportunity, this property offers a unique combination of location, character, valuable improvements, and opportunity in one of Colorado's most iconic mountain communities.