July 29 – Aug 5, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (11) + Under Contract / Pending (11).

The July 2018 Estin Report Aspen Market Snapshot was posted in Current Reports on Aug 8, 2018.

Just released Bi-Annual – Estin Report: Aspen Snowmass Real Estate 2018 YTD and 2017 YR


June 2018 Aspen Real Estate Market Snapshot Reports – the Estin Report June 2018 Monthly Snapshot was released Tues 7/12/18 in the Current Reports Section.  These detailed statistical market snapshots are usually released on or about the 1st Monday of the month.

Blog Post: July 29 – Aug 5, 2018 Aspen CO real estate market activity, Week 31

Weekly Aspen and Snowmass CO real estate sales activity appears below for sold and under contracts properties in the upper Roaring Fork Valley over $250,000 – for Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass. Fractional sales are not included. Photos and written descriptions of sold properties are posted here as the MLS links below expire after 30 days. For earlier dates, see the Estin Report blog archives starting in 2008 at the bottom of the page. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it’s about Aspen real estate, the information should be here.

Closed (11):  MLS#s: 139138, 139139, 150370, 150483, 150549, 150656, 151032, 152263, 152331, 152445, 152511. This link is valid until 9/4/2018.

Under Contract/Pending (11): MLS#s: 139315, 139318, 139387, 151336, 151681, 152150, 152930, 153684, 154793, 155348, 155456. This link is valid until 9/4/2018.

Woody Creek Wyly Ranch Auction Scheduled for today, Mon Aug 6, 18: Photos

Circle R / Wyly Ranch Auction results notes Mon Aug 6th  2018:  Auction ended at $12.75M w/12% buyer premium = $14.28M under contract price.

  • On the property: it’s a 244 acres ranch with no subdivision possibility. Has no trophy homes: 6 homes on it that are ‘ok’ structures. However, there are $60M of improvements.
  • This ranch was once the property of a billionaire who built a fantasy ranch for his children. Everything was small, irregular, very personal, without a big “prize” main house.
  • The seller was the government, U.S. Securities and Exchange Commission. Search: Wyly Brothers and SEC Settlement
  • Look at ranch carrying costs: @$1M yr?
  • Not a lot of buyers for that kind of properties.
  • No obvious exit strategy for a buyer. If one buys it cheap enough, does it really matter?
  • Is an auction a good selling tool? “Auction” means blood suckers are coming out. But it gets the job done.

This is a very cool/interesting property in Woody Creek going to auction with 244 acres and ‘Hobbitt’ like – unique, idiosyncratic – structures and homes. Auction is next Monday, Aug 6th. $10M minimum bid. Original price: $59.9M. Photos for Circle R Ranch can be found here.   

Brief Circle R Ranch Description

After languishing on the market for 1,200 days and seeing the sales price cut in half, Circle R Ranch in Woody Creek is going to auction this week. The sprawling 244-acre property off Woody Creek Road has six homes and was developed by brothers Sam and Charles Wyly in the early 2000s. It went on the market in 2015 shortly after Sam Wyly filed for bankruptcy. It’s beeing sold now by the US Government as part of an SEC settlement. It was originally listed at $59.9 million and then in May of 2017, the price dropped to $29.9 million. Now, it will go to the highest bidder through global auction firm, Concierge Auctions. Bidding, which starts at $10 million, will be open now through Aug. 6, and will take place via the firm’s online marketplace. If interested, let me walk/talk you through the property. Or if any friends or business associates may be interested, please forward this. Contact me Tim Estin to get started at 970.309.6163 or email.

AUCTION. BIDDING OPENS AUGUST 3RD. BIDDING ENDS AUGUST 6TH. PREVIOUSLY $59.9M. SELLING AT OR ABOVE $10M. SHOWINGS DAILY 1-4PM & BY APPT. Enjoy all the beauty and majesty that Colorado has to offer at Circle R Ranch, a 244-acre property located in central Colorado in the Woody Creek valley. This recreational wonderland is surrounded by unspoiled natural beauty and privacy, and within easy distance to the renowned resort city of Aspen. The property includes 10 homesites, including six separate single-family homes – each with their own mountain contemporary design that provides a taste of the western experience with the benefit of modern conveniences. The homes offer a combined 22 bedrooms, 18 full baths, and five half baths.

The additional structures on the property are a mix of historic cabins, storage facilities, agricultural buildings and barns, which provide the infrastructure to develop your dream compound. Circle R Ranch combines the beauty and charm of the Old West with the convenience of modern utilities and infrastructure including fiber optics, water rights, and an on-site fire suppression system. With room to roam, this spacious ranch would be the ideal home for a large family compound or retreat for businesses.

Sold Properties Last Week:

MLS #150656 – 1092 Woody Creek, Woody Creek, CO: Sold Price: $6,000,000/$1,080 sq ft; unfurnished. More details below photos.

MLS #150656 – 1092 Woody Creek, Woody Creek, CO: Sold Price: $6,000,000/$1,080 sq ft; unfurnished. Woody Creek homes for sale. Ask Price: $6,500,000. (Original Price: $8,750,000 for 9.09 total acres [2 lots approx 4.5 acres each, one developed with this home the other vacant ripe for development. The price was changed to $6.5M for home and 4.5 acres which is this sale.] and 422 days on the market since 06/05/2017.) This is a 1996 built, 6 bedroom/6 bath/1 half-bath, 5,552 sq ft single family home with 4+ car garage on a 4.5 acres lot. Broker comments are “This beautiful estate home has never been offered for sale. Abundant views throughout the home. Large main level living space provides divine entertaining space, opening onto the patio and pool area, complete with billiards room. 2 bedroom ADU offers privacy for everyone.” 2016 taxes: $7,698. Under Contract Date: 04/25/2018; Sold Date: 08/01/2018. (Photos and broker comments courtesy of Palladium Properties)

MLS #152445 – Smuggler neighborhood, 526 Spruce Street, Aspen, CO: Brand New Single Family Home. Sold Price: $5,800,000/$1,621 sq ft; unfurnished. More details below photos.

MLS #152445 – Smuggler, 526 Spruce Street, Aspen, CO: Sold Price: $5,800,000/$1,621 sq ft; unfurnished. Aspen homes for sale. Ask Price: $5,995,000. (Original Price: $5,995,000 and 186 days on the market since 01/29/2018.) This is a 2018 built, 4 bedroom/5 bath/1 half-bath, 3,578 sq ft single family home with 1 car garage on a 4,336 sq ft lot. Broker comments are “On a large parcel with direct Aspen Mountain views sits a brand new contemporary single family home. Nestled on the north side of Aspen within easy walking distance to the Smuggler trailhead and the Oklahoma Flats/Rio Grande trails, this location is wonderfully convenient for walking to downtown Aspen or catching the free shuttle for a supreme and hassle-free ski experience. The single family home comprises 3,578 square feet on three levels, with four en suite bedrooms plus excellent family gathering spaces, upper level living spaces and kitchen to capture the views and natural light, a lower level family room, dumb waiter, vaulted ceilings, custom Italian-designed and manufactured cabinetry and tiles, high end appliances, large single car garage, inviting deck, and abundant storage. Well priced for brand new construction in a downtown Aspen location. You will be pleasantly surprised.” 2018 taxes: $2,562. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/30/2018; Sold Date: 08/03/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #150370 – Kessler Condos, Central Core, 950 E Durant Avenue Unit 4, Aspen, CO: Sold Price: $2,000,000/$2,424 sq ft; furnished. More details below photos.

MLS #150370 – Kessler Condos, Central Core, 950 E Durant Avenue Unit 4, Aspen, CO: Sold Price: $2,000,000/$2,424 sq ft; furnished. Aspen condos for sale. Ask Price: $2,050,000. (Original Price: $2,595,000 and 316 days on the market since 08/08/2017.) This is a 1961 built and 2015 remodeled, 2 bedroom/2 bath, 825 sq ft condo. Broker comments are “Expect the unexpected when you walk into this sleek and sophisticated two-bedroom, two-bath condominium. The exterior is quintessential mountain. The interior is state-of-the art contemporary, designed by award-winning Studio B. This unit was totally transformed and renovated to the studs in December 2015 with exceptional custom finishes and features: Poggenpohl cabinets, European hardwood flooring, gas fireplace, top-of-the-line appliances, including Sub-Zero and Miele, radiant floor heating, and central air-conditioning. Nest thermostats, high-tech lighting, and power blinds make the living here easy and comfortable. A genius use of space, minimalist aesthetic, and immaculate attention to detail are showcased throughout. Enjoy big views of Aspen Mountain from the vaulted kitchen/living/dining area. Unit #4 includes an off-street parking space just a few steps to the front door and comes artfully furnished, with a full-sized washer/dryer included.” 2016 taxes: $3,006; HOA Dues: $954 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/17/2018; Sold Date: 08/01/2018. (Photos and broker comments courtesy of Engel & Volkers)

MLS #152511 – Aspen Villas, West End, 814 W Bleeker Unit C-4, Aspen, CO: Sold Price: $1,250,000/$889 sq ft; partial-furnished. More details below photos.

MLS #152511 – Aspen Villas, West End, 814 W Bleeker Unit C-4, Aspen, CO: Sold Price: $1,250,000/$889 sq ft; partial-furnished. Aspen condos for sale. Ask Price: $1,395,000. (Original Price: $1,450,000 and 176 days on the market since 02/05/2018.) This is a 1972 built, 3 bedroom/2 bath, 1,405 sq ft condo. Broker comments are “Looking for 3 bedrooms in Aspen’s fabulous West End? Well look no further! Updated with granite and a clean and contemporary look this Aspen Villas unit has a dedicated parking spot and is the lowest priced 3 bedroom available in either the West End or the Core… Large windows, great light, very close to the bus stop and reasonable HOA dues make this unit a great buy for the investor or primary resident alike. No showings until 2/20/2018, 24 hour notice is required.” 2017 taxes: $2,354; HOA Dues: $1,700 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/19/2018; Sold Date: 07/31/2018. (Photos and broker comments courtesy of McKinley Sales)

MLS #150483 – Hunter Creek, Smuggler, 1044 Vine Street (Unit 1044), Aspen, CO: Sold Price: $710,000/$694 sq ft. More details below photos.

MLS #150483 – Hunter Creek, Smuggler, 1044 Vine Street (Unit 1044), Aspen, CO: Sold Price: $710,000/$694 sq ft. Aspen condos for sale. Ask Price: $799,000. (Original Price: $860,000 and 353 days on the market since 08/15/2017.) This is a 1980 built, 3 bedroom/2 bath, 1,023 sq ft condo. Broker comments are “This light and bright, 3 bedroom unit is on the third floor with views of Smuggler Mtn. The unit has an updated kitchen with washer and dryer. Hunter Creek amenities include pool, hot tubs and tennis courts. The property is on the city bus route or take a short walk to town.” 2017 taxes: $1,783; HOA Dues: $475 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/19/2018; Sold Date: 08/03/2018. (Photos and broker comments courtesy of Hunter Creek Properties)

MLS #152331 – Hunter Creek, Smuggler, 942 Vine Street (Unit 942), Aspen, CO: Sold Price: $545,000/$870 sq ft; partial-furnished. More details below photos.

MLS #152331 – Hunter Creek, Smuggler, 942 Vine Street (Unit 942), Aspen, CO: Sold Price: $545,000/$870 sq ft; partial-furnished. Aspen condos for sale. Ask Price: $567,666. (Original Price: $567,666 and 206 days on the market since 01/08/2018.) This is a 1980 built, 1 bedroom/1 bath, 626 sq ft condo. Broker comments are “Expansive top floor winter views to Aspen Mountain. Enjoy a bright and sunny south facing living area. Lowest priced top floor 1 bedroom unit at Hunter Creek. Listed below County value of $580,000. Hunter Creek HOA includes access to pool, tennis and hot tubs. Short walk to town or the free shuttle across the street from the 900 building. Unit offered “as is” and partially furnished. Special assessments for boiler replacement due prior to closing paid by seller. Special assessments due in 2019 and 2020 paid by buyer. Remodel opportunity. Seller also owns 944 (MLS 152174) for a buyer searching for two nearby. Occupied through 2/14/18 – 48 hour notice preferred.” 2017 taxes: $1,328; HOA Dues: $291 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/19/2018; Sold Date: 08/02/2018. (Photos and broker comments courtesy of Cuthbert L Myrin Jr. LLC)

MLS #150549 – Mill Street Condo, Central Core, 415 Rio Grande Place Unit 201, Aspen, CO: Sold Price: $430,000/$684 sq ft; unfurnished. More details below photos.

MLS #150549 – Mill Street Condo, Central Core, 415 Rio Grande Place Unit 201, Aspen, CO: Sold Price: $430,000/$684 sq ft; unfurnished. Aspen condos for sale. Ask Price: $465,000. (Original Price: $550,000 and 348 days on the market since 08/18/2017.) This is a 2001 built and 2008 remodeled, 1 bedroom/1 bath, 628 sq ft condo. Broker comments are “Perfect downtown Aspen one bedroom for a Pitkin County employer/business owner that wants to rent to an employee that needs to be in town. OCCUPANT of the property must qualify under Category 3 with Aspen Pitkin County Housing Authority (see category guidelines at www.APCHA.org). Located one block from restaurant row and just three blocks to the Silver Queen Gondola. This corner second floor unit with an open floor plan with floor to ceiling windows in living room overlooks Rio Grande Park, Red Mountain and the Hunter Creek Valley. Additional amenities include large bedroom walk-in closet; stackable in-unit washer/dryer pets allowed for owners and renters. Remodeled kitchen features granite countertops, stainless steel Frigidaire appliances, and new floors. Remodeled travertine bathroom has a solid glass shower enclosure with a bench. Public free shuttle leaves from building, public parking garage next door. ” 2017 taxes: $763; HOA Dues: $239 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/20/2018; Sold Date: 08/01/2018. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)

MLS #139138 – West End, Tbd Eighth Street Lot 4, Vacant Lot Sale, Aspen, CO: Sold Price: $2,725,000. More details below photos.

MLS #139138 – West End, Tbd Eighth Street Lot 4, Vacant Lot Sale, Aspen, CO: Sold Price: $2,725,000. Aspen lots for sale. Ask Price: $3,195,000. (Original Price: $3,495,000 and 1,009 days on the market since 05/11/2015.) This is a 11,615 sq ft single family vacant lot. Broker comments are “Build your legacy property in Aspen’s prime West End neighborhood. This is a unique opportunity to purchase an oversized 11,615 sq ft parcel with approved development rights already in place!! Design your dream home and capture surprising views of Aspen Mountain, Aspen Highlands, Highlands Bowl, and Willow Creek from this convenient location. Fabulous trees, a seasonal stream, and a flat building site are bonuses. Enjoy the comfort and ease of the relaxed West End lifestyle…close proximity to downtown, easy access to all 4 ski areas, and walkable to the Aspen Institute & Aspen Music Tent. Purchase adjoining Lot 5 listed at $2,995,000 to create a 19,105 sq ft parcel…almost half an acre in Aspen’s exclusive West End.” 2017 taxes: $20,661. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/09/2018; Sold Date: 08/02/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139139 – West End, Tbd Eighth Street Lot 5, Vacant Lot Sale, Aspen, CO: Sold Price: $2,000,000. More details below photos.

MLS #139139 – West End, Tbd Eighth Street Lot 5, Aspen, CO: Sold Price: $2,000,000. Aspen lots for sale. Ask Price: $2,895,000. (Original Price: $2,995,000 and 1,009 days on the market since 05/11/2015.) This is a 7,490 sq ft single family vacant lot. Broker comments are “Build your legacy property in Aspen’s extraordinary West End neighborhood. This is a unique opportunity to purchase an oversized 7,490 sq ft parcel with approved development rights already in place!! Design your dream home and capture surprising views of Aspen Mountain, Aspen Highlands, Highlands Bowl, and Willow Creek from this convenient location. Fabulous trees, a seasonal stream, and flat building site are bonuses. Enjoy the comfort and ease of the relaxed West End lifestyle…close proximity to downtown, easy access to all 4 ski areas, and walkable to the Aspen Institute & Aspen Music Tent. Purchase adjoining Lot 4 at $3,495,000 to create a 19,105 sq ft parcel…almost a half acre in Aspen’s exclusive West End.” 2017 taxes: $14,204. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/09/2018; Sold Date: 08/02/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #151032 – Country Club Homes, 124 Harleston Green Unit 48, Snowmass Village, CO: Sold Price: $1,625,000/$757 sq ft; furnished. More details below photos.

MLS #151032 – Country Club Homes, 124 Harleston Green Unit 48, Snowmass Village, CO: Sold Price: $1,625,000/$757 sq ft; furnished. Snowmass Village townhomes for sale. Ask Price: $1,775,000. (Original Price: $1,775,000 and 790 days on the market since 06/13/2016.) This is a 1982 built, 3 bedrooom/3 bath/1 loft, 2,145 sq ft townhome with 1 car garage. Broker comments are “This Snowmass Village townhome is beautifully designed in a Mountain Transitional style. Located on the Snowmass golf course, this townhome boasts 3 Bedrooms plus a Legal Sleeping Loft (one of the Bedrooms is set up like a den). Life is easy as you overlook the Snowmass ski area from your outdoor deck and jacuzzi. Enjoy easy access to the Two Creeks ski lift and Snowmass Village mall via a complimentary shuttle.” 2017 taxes: $6,762; HOA Dues: $1,200 per Month. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/24/2018; Sold Date: 08/03/2018. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

MLS #152263 – Assay Hill Lodge, 130 Wood Road Unit 738, Snowmass Village, CO: Sold Price: $517,500/$892 sq ft; furnished. More details below photos.

MLS #152263 – Assay Hill Lodge, 130 Wood Road Unit 738, Snowmass Village, CO: Sold Price: $517,500/$892 sq ft; furnished. Snowmass Village condos for sale. Ask Price: $517,500. (Original Price: $517,500 and 197 days on the market since 01/15/2018.) This is a 2009 built, 1 bedrooom/1 bath, 580 sq ft condo. Broker comments are “Owning an exquisite Viceroy residence provides the luxuries of a resort hotel plus all the comforts of home. In an unsurpassed ski-in/ ski-out location in the new Snowmass Base Village, now coming to life with a $600 million transformation. The Viceroy is showcasing more than $4 million in renovations and expansions. These include the new Toro Latin Kitchen and Lounge, a redesigned main lobby with an ultramodern fireplace, Cafe V, a coffee bar featuring coffee specialties and pastries, and an expanded and enhanced fitness center. This summer, the pool area will be refreshed with two new spa pools and the re-opening of Nest.” 2018 taxes: $3,570; HOA Dues: $15,204 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/16/2018; Sold Date: 07/31/2018. (Photos and broker comments courtesy of SV Real Estate)

____________________________________________