2201 Teller Street sits on 0.55 acres (24, 176 SF) on the west side of Teller Street just on the edge of Lakewood/Edgewater just minutes from Sloan’s Lake. The parcel lies in the City of Lakewood’s R-1-6 (Small Lot Residential) district, which permits single-family homes with accessory dwelling units. The lot’s size and street frontage support a split into two lots of roughly 12, 000 SF each making this a great opportunity for any builder/developer. New detached product in the immediate pocket consistently demands over $1.25MM. Six homes built in 2025 or later have closed between $1.25 million to $2.33 million, averaging $1.58 million (median $1.54 million) and roughly $553 per above-grade SF. Sales have been at 96% of list on average, with a median of 33 days on market.