One Year Only: 1961 Chevrolet Corvair 700 Lakewood Wagon – $8,500

Nov 2019 | Classifinds, Wagon Wednesday

Chevrolet had high expectations for its new Corvair when it launched in 1960 as they offered nearly every body style imaginable such as this 1961 Corvair Lakewood 700 Four Door Station Wagon we came across here on Craigslist in Drexel Hill, Philadelphia where the current caretaker now wants $8,500 firm for it. A check of the Hagerty Insurance Online Valuation Tool confirms he currently has his rare example priced between the #2 “Excellent” level of $13,000 and the #3 “Good” estimate of $6,700.  If you are serious about purchasing this Lakewood, you can start the conversation by calling or texting the current caretaker Vasil at (610) 203-6899.

We originally spotted this Corvair wagon back in early October, however the other cars in the warehouse background combined with no license plates and a high asking price of $12,500 had this car screaming “Dealer posing as Individual” all over it.  When we came across a new post with a much more realistic asking price, we did a bit more research to have some reasonable certainty this is an individual seller who keeps his Corvair at some sort of collector car storage warehouse.

For the Corvair’s second model year in 1961, in addition to Chevrolet introducing the Monza upscale trim to the four-door sedans and the club coupe body styles, the company also added the Lakewood Station Wagon to the lineup.  With its engine located under the cargo floor, the Lakewood offered 68 cubic feet of cargo room along with an additional ten cubic feet in the front trunk, or “Frunk.”  Chevrolet increased engine displacement to 145 cubic inches and mated with a two-speed automatic transmission such as this example, the engine was rated at 84 horsepower.  To increase luggage capacity in the frunk, the spare tire was relocated to the engine compartment and a new “direct air” heater moved warmed air from the cylinders and heads to the passenger compartment.  As sales of the wagon versions proved to be a disappointment, Chevrolet dropped the Lakewood name for 1962 and when the second generation Corvair debuted for 1965, the wagon was not part of the lineup.

We like this Corvair Lakewood as not many of the nearly 21K originally produced survive today.  With a nice color combination and what appears to be a solid driver quality paint job and a higher horsepower motor from a second generation donor car, this wagon will be an interesting cruiser to any car show you decide to drive it to.  Good luck with the purchase!

Here’s the seller’s description:

“For sale: 1961 Corvair Lakewood 700
8500 FIRM, just lowered from 12000
Odometer reads 11k miles
Runs and drives as it should, doesn’t over heat
Barely any surface rust, floors are solid, panels/doors all solid
Jewel Blue paint is decent, not the best, chrome shines nice
Upgraded, rear mounted, air-cooled 164 cubic inch engine from a 1967 Corvair with 13,000 miles on it
PowerGlide 2 speed auto transmission
Rides smooth and straight
Aftermarket radio mounted underneath the original dash, two speakers in the trunk area and two speakers under the driver’s bench seat.
Call or text with questions or to come see it 6102036899

Do you have a Corvair story you’d like to share?  Comment below and let us know!


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