Aspen Real Estate Market  Last Week’s Sales: Sept 19 – 26, 21 – Week 39

Closed (15) and  Under Contract / Pending (17).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] (Photos above of 1220 Red Butte Drive, Aspen courtesy of Christie’s International Real Estate).

Estin Report: 1st Half 2021 sf – Aspen Snowmass Real Estate Market Report was posted 8/17/21 in the Estin Reports section.  The print edition will be available Fri Sep 3rd.

The Aug 2021 Market Snapshot was posted on Sep 7, 2021.

BOTTOM LINE SUMMARY

What happens to a market where inventory has plummeted and prices are sky high? Does the market come to a standstill? Do things freeze up? What releases this situation?  As one client said to me recently “The balloon at max. You pray it deflates slowly and God forbid there is a needle that pops it (that would be the FED tightening liquidity).”…Read more

Blog Posted Sept 27, 2021 – Aspen CO real estate market activity, Week 39

Closed (15): MLS#s: 171234, 165995, 169012, 172090, 165350, 165956, 171629, 169990, 171478, 165296, 171282, 171378, 158671, 170967, 168451. This link is valid until 10/26/2021.

Under Contract/Pending (17): MLS#s: 171822, 170751, 145095, 171933, 171474, 170709, 172008, 168751, 172124, 171486, 172021, 171750, 171854, 171953, 163008, 172051, 171603. This link is valid until 10/26/2021.

Sold Properties Last Week:

MLS #171234- Red Butte Sub, West Aspen, 1220 Red Butte Drive, Aspen, CO; Sold Price: $18,688,000/$3,182 sq ft; furnished. Sold Date: 09/17/2021. More details below photos.

MLS #171234- Red Butte Sub, West Aspen, 1220 Red Butte Drive, Aspen, CO; Sold Price: $18,688,000/$3,182 sq ft; furnished. Sold Date: 09/17/2021. Ask Price: $19,950,000. (Original Price: $19,950,000 and on the market since 07/22/2021.) This is a 1984 built and 2021 remodeled, 5 bedroom/5 bath/1 half-bath, 5,872 sq ft single-family home with 2 car garage on a 0.56 acres lot. Broker comments are “Just completed remodeled by Rowland + Broughton and beautifully furnished with designer furnishings. Enjoy the river from the newly expanded deck. There are 2 large patio areas for more outdoor entertaining. 5 bedrooms, 5 bathrooms plus a powder room. All new landscaping makes this riverfront property with a large open space a true retreat from the hustle and bustle of Aspen.” 2020 taxes: $21,185. Under Contract Date: 08/10/2021; Sold Date: 09/17/2021. (Photos and broker comments courtesy of Christie’s International Real Estate)

MLS #165995- Castle Creek, West Aspen, 201 Midnight Mine Road, Aspen, CO; Sold Price: $15,332,500/$1,672 sq ft. Sold Date: 09/20/2021. More details below photos.

MLS #165995- Castle Creek, West Aspen, 201 Midnight Mine Road, Aspen, CO; Sold Price: $15,332,500/$1,672 sq ft. Sold Date: 09/20/2021. Ask Price: $16,950,000. (Original Price: $18,500,000 and on the market since 08/12/2020.) This is a 1969 built and 1995 remodeled, 4 bedroom/4 bath/1 half-bath, 9,166 sq ft single-family home with 2 car garage on a 15.28 acres lot. Broker comments are “A rare opportunity to design your ideal alpine retreat on over 15 acres in the prestigious Castle Creek Valley. Set on an extraordinary quarter mile of private river frontage, the sprawling landscape with manicured lawns and a sequestered pond is framed by soaring pines and mountain peaks. Two bridges provide access to both sides of the creek. The 4 bedroom/4.5 bathroom, 7,627 square foot residence plus 1,539 square foot artist studio have unparalleled proximity to Castle Creek, and showcase magnificent views of the river and surrounding White River National Forest. Only minutes from all the amenities downtown, yet a world away from city life.” 2020 taxes: $25,153. Under Contract Date: 08/12/2021; Sold Date: 09/20/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #169012- West Aspen, 511 & TBD Lazy Chair Ranch Road, Aspen, CO; Vacant land for sale; Sold Price: $13,670,000. Sold Date: 09/24/2021. More details below photos.

MLS #169012- West Aspen, 511 & TBD Lazy Chair Ranch Road, Aspen, CO; Vacant land for sale; Sold Price: $13,670,000. Sold Date: 09/24/2021. Ask Price: $14,950,000. (Original Price: $14,950,000 and on the market since 03/11/2021.) This is a single-family vacant lot. Broker comments are “Situated at the end of private Lazy Chair Ranch Road and course-side at the Maroon Creek Club, sits a spectacular two lot parcel totaling 4.4 acres that overlooks the 8th green and 9th tee, has expansive views to downtown Aspen, Thunderbowl & Tiehack, and is primed and ready for immediate development (save years of planning and ”the process”). With plans by Bill Poss Architects for an 8,952 sq ft mountain contemporary home on Lot 2, much of the heavy lifting has already been done. You may continue the process to completion or bring an architect to implement your vision for the perfect mountain retreat or compound with an additional home on Lot 3. Either way, the sunny and private site just minutes from downtown Aspen and convenient to Tiehack skiing, the Maroon Creek Club, the Aspen Recreation Center and Pitkin County Airport should be on anyone’s short list of exceptional building locations.” 2021 taxes: $ 18,455. Under Contract Date: 06/24/2021; Sold Date: 09/24/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #172090- Pitkin Green, Red Mountain, 89 Pitkin Way, Aspen, CO; Sold Price: $12,500,000/$2,519 sq ft; partial furnished. Sold Date: 09/17/2021. More details below photos.

MLS #172090- Pitkin Green, Red Mountain, 89 Pitkin Way, Aspen, CO; Sold Price: $12,500,000/$2,519 sq ft; partial furnished. Sold Date: 09/17/2021. Ask Price: $12,500,000. (Original Price: $12,500,000 and on the market since 09/20/2021.) This is a 1987 built, 3 bedroom/4 bath/1 half-bath, 4,961 sq ft single-family home with 3 car garage on a 0.75 acres lot. Broker comment is “Sold before MLS” 2020 taxes: $32,393; HOA Dues: $6,000. Under Contract Date: 07/23/2021; Sold Date: 09/17/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)

MLS #165350- Callahan, East Aspen, TBD Crystal Lake Road, Aspen, CO; Vacant land for sale; Sold Price: $9,500,000. Sold Date: 09/20/2021. More details below photos.

MLS #165350- Callahan, East Aspen, TBD Crystal Lake Road, Aspen, CO; Vacant land for sale; Sold Price: $9,500,000. Sold Date: 09/20/2021. Ask Price: $9,500,000. (Original Price: $8,995,000 and on the market since 07/16/2020.) This is a single-family vacant lot. Broker comments are “The river property that you have been waiting for is here. Exceptional land development opportunity in East Aspen. This beautiful wooded 1.1 acre lot offers Roaring Fork River frontage and is walking distance to the Aspen Core. Stroll out your door to the East of Aspen Trail, enjoy unobstructed views of Walsh’s and Ute Rock, or paddleboard up to Stillwater Nature Preserve. The property allows for the purchase of two Transferrable Development Rights (TDRs) to increase permitted square footage.” 2019 taxes: $41,878. Under Contract Date: 08/06/2021; Sold Date: 09/20/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #165956- Conundrum, West Aspen, 249 Conundrum Road, Aspen, CO; Sold Price: $8,850,000/$1,915 sq ft; furnished. Sold Date: 09/20/2021. More details below photos.

MLS #165956- Conundrum, West Aspen, 249 Conundrum Road, Aspen, CO; Sold Price: $8,850,000/$1,915 sq ft; furnished. Sold Date: 09/20/2021. Ask Price: $9,500,000. (Original Price: $10,000,000 and on the market since 08/11/2020.) This is a 2010 built, 4 bedroom/4 bath/1 half-bath, 4,621 sq ft single-family home with 2 car garage on a 1.3 acres lot. Broker comments are “Nestled among the aspens and evergreens along Castle Creek, this remarkable contemporary retreat is only minutes from the vibrancy of Aspen, yet feels a world away. This extraordinary home is cleverly designed for reconnecting with family and friends—and nature. Gathering places and private spaces are seamlessly linked to the natural surroundings. The main living area with striking fireplace and stunning, large kitchen is ideal for gatherings that can be extended outdoors to the large deck. The Master Suite with spacious spa bath has an in-the-woods feeling accompanied by the sounds of the nearby creek. A delightful studio apartment includes a deck that overlooks the creek. The virtually maintenance-free exterior is composed of architectural concrete and a recycled corrugated iron roof.” 2020 taxes: $14,301. Under Contract Date: 07/23/2021; Sold Date: 09/20/2021. (Photos and broker comments courtesy of Engel & Volkers)

MLS #171629- Hunter Creek, Smuggler, 1233 Vine Street, Aspen, CO; Sold Price: $650,000/$1,504 sq ft. Sold Date: 09/22/2021. More details below photos.

MLS #171629- Hunter Creek, Smuggler, 1233 Vine Street, Aspen, CO; Sold Price: $650,000/$1,504 sq ft. Sold Date: 09/22/2021. Ask Price: $650,000. (Original Price: $650,000 and on the market since 08/18/2021.) This is a 1980 built, 1 3/4-bath, 432 sq ft condo. Broker comments are “This beautiful top floor corner unit has been completely remodeled & is ready for you to move right in. Stainless steel appliances, LVT flooring, fabulous closet, retextured walls & ceiling, new plumbing & electrical, quality lighting & cabinets, in-floor bathroom heat, everything has been done! Enjoy the quiet location with views of Aspen Mountain & Buttermilk from your private balcony. A short walk to the pool & tennis courts. The perfect Aspen pied-a-terre! Furnishings included with full-price offer. Exclusions: all artwork, large rug under bed, dining table, dining chairs, small/misc staging items.” 2021 taxes: $1,039; HOA Dues: $4,791. Under Contract Date: 08/21/2021; Sold Date: 09/22/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #169990- Two Creeks, Snowmass Village, 1000 Two Creeks Drive, Snowmass Village, CO; Sold Price: $9,000,000/$1,649 sq ft; furnished. Sold Date: 09/22/2021. More details below photos.

MLS #169990- Two Creeks, Snowmass Village, 1000 Two Creeks Drive, Snowmass Village, CO; Sold Price: $9,000,000/$1,649 sq ft; furnished. Sold Date: 09/22/2021. Ask Price: $9,595,000. (Original Price: $9,250,000 and on the market since 05/14/2021.) This is a 2000 built and 2021 remodeled, 5 bedroom/5 bath/1 half-bath, 5,456 single-family home with 2 car garage on a 2.15 acres lot. Broker comments are “Located in the exclusive upscale residential community of Two Creeks in Snowmass Village, a true skiing/boarding enthusiast will love the easy click-in/click-out location of this home as they walk out their back door and ride down to the high-speed quad lift. Summer offers its own advantages with easy access to hiking and mountain biking right outside, and golf, tennis and more just minutes away. In any season, the panoramic views are endless and relaxing on the spacious decks is a nice contrast to a day exploring the many outdoor activities. Designed and built by a developer for his own use, the luxurious home offers exceptional value with a recent renovation, wonderful privacy, a convenient floor plan with many gathering spaces for entertaining, quality finishes, the allure of the quiet side of Snowmass Village and just 15 minutes to the airport and downtown Aspen.” 2021 taxes: $23,282; HOA Dues: $1,205. Under Contract Date: 08/08/2021; Sold Date: 09/22/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #171478- Pines @ Owl Creek, Snowmass Village, 131 Slopeside Lane, Snowmass Village, CO; Sold Price: $9,000,000/$1,657 sq ft; furnished. Sold Date: 09/20/2021. More details below photos.

MLS #171478- Pines @ Owl Creek, Snowmass Village, 131 Slopeside Lane, Snowmass Village, CO; Sold Price: $9,000,000/$1,657 sq ft; furnished. Sold Date: 09/20/2021. Ask Price: $8,850,000. (Original Price: $8,850,000 and on the market since 08/08/2021.) This is a 2001 built, 5 bedroom/5 bath/1 half-bath, 5,430 sq ft single-family home with 2 car garage on a 0.69 acres lot. Broker comments are “Perfect ski in/out access right onto Two Creeks. This is one of only 4 homes in The Pines with direct ski access onto Two Creeks where you do not need to utilize the surface Poma. Watch skiers out your back porch. Private setting in the aspens & pines. You’ll feel right at home in this comfortable and very desirable floor plan with kitchen, dining, living and master suite on main living area and the 4 additional guest bedrooms and spacious den/media room on a separate level. Gourmet kitchen with Viking Range, 2 refrigerators, 2 dishwashers and large walk-in pantry. The kitchen has a cozy gathering area with stone fireplace to warm up after a long day on the slopes and a built in breakfast nook with lots of seating. There is a large wine room.” 2020 taxes: $24,468; HOA Dues: $6,750. Under Contract Date: 08/10/2021; Sold Date: 09/20/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #165296- Pines @ Owl Creek, Snowmass Village, 404 Spruce Ridge Lane, Snowmass Village, CO; Sold Price: $8,500,000/$1,410 sq ft; furnished. Sold Date: 09/21/2021. More details below photos.

MLS #165296- Pines @ Owl Creek, Snowmass Village, 404 Spruce Ridge Lane, Snowmass Village, CO; Sold Price: $8,500,000/$1,410 sq ft; furnished. Sold Date: 09/21/2021. Ask Price: $8,995,000. (Original Price: $9,625,000 and on the market since 07/14/2020.) This is a 2003 built and 2016 remodeled, 5 bedroom/5 bath/2 half-bath, 6,025 single-family home with 3 car garage on a 1.55 acres lot. Broker comments are “This newly updated/decorated home with air conditioning enjoys direct ski in/ski out access, with unsurpassed elegance and craftsmanship. Situated in a serene, private setting bordering open space with large aspen trees, this home captures exceptional mountain views of the Snowmass Ski Area and valley below. A true Jim Benson masterpiece, the estate features an 1870’s original bar from Leadville, CO, a large gourmet kitchen, 5 bed, 5 & 2 half-baths, office, 9 fireplaces, expansive media room and wine cellar. This Luxury home is surrounded by expensive snow melt stone decks and patios with a stone surrounded spa and waterfall/pond feature for your outdoor entertainment.” 2019 taxes: $24,521; HOA Dues: $6,750. Under Contract Date: 07/19/2021; Sold Date: 09/21/2021. (Photos and broker comments courtesy of Engel & Volkers)

MLS #171282- Wildridge, Snowmass Village, 642 Sinclair Road, Snowmass Village, CO; Sold Price: $3,825,000/$1,064 sq ft; partial furnished. Sold Date: 09/20/2021. More details below photos.

MLS #171282- Wildridge, Snowmass Village, 642 Sinclair Road, Snowmass Village, CO; Sold Price: $3,825,000/$1,064 sq ft; partial furnished. Sold Date: 09/20/2021. Ask Price: $3,750,000. (Original Price: $3,750,000 and on the market since 07/26/2021.) This is a 1978 built and 2006 remodeled, 4 bedroom/3 bath/1 half-bath, 3,592 sq ft single-family home with 3 car garage on a 0.47 lot. Broker comments are “Tucked off the road in a quiet setting, this multi-level family home lands some of the best views in Melton Ranch. Spectacular mountain vistas span from the Continental Divide to all four ski areas including a comprehensive view of Snowmass Mountain. A family of alpine enthusiasts gathered here for 43 years to play in the mountains and celebrate holidays. Warm and inviting with the original charm of a two-sided fireplace with Colorado stone surround, the home has been updated over the years. The main living area with large windows and expansive mountain views opens to a deck, lovely landscaping, passing wildlife and sensational sunsets. The Main Suite features Hanging Valley views and a gorgeous marble bath. With three additional bedrooms, a lower family room/den + generous storage.” 2020 taxes: $6,909; HOA Dues: $90. Under Contract Date: 07/28/2021; Sold Date: 09/20/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS # 171378- Melton Ranch, Snowmass Village, 49 Sinclair Lane, Snowmass Village, CO; Sold Price: $2,100,000/$529 sq ft; unfurnished. Sold Date: 09/20/2021. More details below photos.

MLS # 171378- Melton Ranch, Snowmass Village, 49 Sinclair Lane, Snowmass Village, CO; Sold Price: $2,100,000/$529 sq ft; unfurnished. Sold Date: 09/20/2021. Ask Price: $2,250,000. (Original Price: $2,599,000 and on the market since 07/31/2021.) This is a 1972 built and 2002 remodeled, 4 bedroom/4 bath/1 half-bath, 3,967 sq ft single-family home with 2 car garage on a 0.53 acres lot. Broker comments are “Priceless views from this Snowmass home make you feel like you own the sky! Off Sinclair Lane in Melton Ranch and adjacent to HOA common space, this home offers privacy and wide open spaces. Yet it is within 0.25 miles of the free town shuttle and Aspen School District bus stop making it easy to go skiing, shopping, and dining. This 4 bedroom home is the ideal location to start the next chapter of your life. Three stories with views from every level! The kitchen opens to the expanded living room, and the bedrooms are spaced out for privacy. The two-car garage and additional covered parking offers space for all of the mountain lifestyle toys. House can be expanded to 3,900 FAR as well.” 2020 taxes: $4,292; HOA Dues: $105. Under Contract Date: 08/21/2021; Sold Date: 09/20/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)

MLS #158671- Stonebridge, Snowmass Village, 30 Anderson Lane 600, Snowmass Village, CO; Sold Price: $1,175,000/$903 sq ft; furnished. Sold Date: 09/17/2021. More details below photos.

MLS #158671- Stonebridge, Snowmass Village, 30 Anderson Lane 600, Snowmass Village, CO; Sold Price: $1,175,000/$903 sq ft; furnished. Sold Date: 09/17/2021. Ask Price: $1,445,000. (Original Price: $1,445,000 and on the market since 04/10/2019.) This is a 1969 built and 2003 remodeled, 3 bedroom/3 bath, 1,300 sq ft condo with 1 car garage. Broker comments are “Introducing a luxury corner and perfect ski in/ski out 2 bedroom, 3 bath condominium, with the option to convert dining area to a third bedroom (with an accordion partition, and Murphy bed handsomely disguised behind custom woodwork). Ideally located directly on Fanny Hill, views of the ski mountain and the convenience of all the amenities at Base Village. Completely remodeled, refurbished and professionally decorated with every detail and use of space redesigned and reorganized. Turnkey ready, furnished and accessorized in a timeless mountain decor style and feel. Enjoy a large private owner-storage space for all your personal gear and toys, assigned garage parking, a world-class and spa-like work-out facility, heated pool, hot tubs, fire pit and beautiful entertaining patios” 2019 taxes: $3,177; HOA Dues: $19,735. Under Contract Date: 04/14/2021; Sold Date: 09/17/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #170967- Snowmass Creek, Old Snowmass, 1472 Snowmass Creek Road, Snowmass, CO; Sold Price: $695,000/$661 sq ft; partial furnished. Sold Date: 09/22/2021. More details below photos.

MLS #170967- Snowmass Creek, Old Snowmass, 1472 Snowmass Creek Road, Snowmass, CO; Sold Price: $695,000/$661 sq ft; partial furnished. Sold Date: 09/22/2021. Ask Price: $795,000. (Original Price: $795,000 and on the market since 07/06/2021.) This is a 1971 built and 2002 remodeled, 2 bedroom/1 bath/1 3/4-bath, 1,050 sq ft single-family home. Broker comments are “Lovely Cottage on Capitol Creek with easy access to Aspen and Willits. Warm and Inviting. Tastefully furnished The sounds from Capitol Creek flow through the home year round.” 2018 taxes: $4,279. Under Contract Date: 09/03/2021; Sold Date: 09/22/2021. (Photos and broker comments courtesy of Compass Aspen)

MLS #168451- Woody Creek, 8268 Woody Creek Road, Woody Creek, CO; Sold Price: $670,000/$870 sq ft; partial furnished. Sold Date: 09/16/2021. More details below photos.

MLS #168451- Woody Creek, 8268 Woody Creek Road, Woody Creek, CO; Sold Price: $670,000/$870 sq ft; partial furnished. Sold Date: 09/16/2021. Ask Price: $695,000. (Original Price: $795,000 and on the market since 02/04/2021.) This is a 1963 built and 2020 remodeled, 1 bedroom/1 bath, 770 sq ft single-family home. Broker comments are “Rustic yet very sophisticated and comfortable one bedroom, one bath cabin you have to see to appreciate. A 1/6 interest in 220 acres of undevelopable land, you have year-round access to the Woody Creek and 4 Corners Trails where you will enjoy thousands of acres of National Forest to ski, bike, motorcycle, snowmobile or 4 wheel. Inside you will relax around a cozy wood burning stove. Top of the line finishes like Cherry wood floors, granite counter tops and Travertine tiles compliment the living room, kitchen and bath. Outside has recently been upgraded with new cabin siding, trex decking and a synthetic slate roof. The Woody Creek Road is maintained and plowed year-round.” 2019 taxes: $937; HOA Dues: $375. Under Contract Date: 07/15/2021; Sold Date: 09/16/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

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