Some people assume Edgewater is a Denver neighborhood, but this one-square-mile area is actually a tiny town located on the western shore of Sloan’s Lake that’s nestled between Denver, Wheat Ridge, and Lakewood.

Providing easy access to downtown Denver, Sloan’s Lake, and the mountains, Edgewater has been coined a “diamond in the rough”, that offers homebuyers a mix of housing options at slightly more affordable prices than other Denver-area neighborhoods.

The climate and activity in Edgewater is similar to what buyers were seeing about five years ago in the Sunnyside area. There’s a lot of new development with empty lots being built into new homes, and older homes are being renovated or remodeled.

While homes here aren’t necessarily cheap, Edgewater is a more affordable option that’s still close to popular restaurants, retail, and other amenities. It draws in buyers who can’t afford West Highlands or Sloan’s Lake but still want to stay close to Denver. The community appeals to young professionals, young families, and first-time homebuyers.

With prices ranging from the $400,000s to $700,000, Edgewater offers a variety of housing options, from traditional ranch-style houses built in the 1950s and 1960s to new townhomes and condos that appeal to younger buyers. The area also offers a great return on investment, with a median close price for a house in July 2021 coming in at $590,000, compared to $350,000 in 2016.

What do you need to know about buying a home in this area? The main thing is to keep an open mind and keep your budget in check. There’s a lot of potential in Edgewater, but you’ll want to be prepared to give a house a facelift or customize the interior to meet your needs.

If you’re ready to check out what Edgewater has to offer, give Metrowest a shout today – we’d love to show you around!