Aspen Real Estate Market  Last Week’s Sales: Feb 24 – Mar 3, 19 – Week 8

Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (12) + Under Contract / Pending (22).

The Feb 2019 Aspen Snowmass Village Real Estate Market Report Snapshot is posted in Current Reports.  The Monthly Snapshots are posted on or near the 1st Mon. of every month.

The updated Pace of Sales Charts Q1 2007 through Q4 2018 were posted in Charts on Jan 2, 19. These answer the question “Where are we now compared to prior periods?” and indicate market direction with trend lines.

Just Released Bi-Annual – Estin Report: Aspen Snowmass Real Estate Market 2019 Winter Spring

Blog Post: Feb 24 – Mar 3, 2019 Aspen CO real estate market activity, Week 8

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 (12):  MLS#s: 147058, 150139, 151940, 152590, 154461, 154545, 154551, 156477, 156971, 157136, 157209, 158014. This link is valid until 4/2/2019.

Under Contract/Pending (22): MLS#s: 146908, 147479, 150067, 150778, 152567, 152568, 152590, 152696, 155302, 155632, 155875, 155980, 156044, 156243, 156535, 156971, 157044, 157124, 157125, 157200, 157568, 157569. This link is valid until 4/2/2019.

Sold Properties Last Week:

MLS #152590 – Eagle Pines, West Aspen, 350 Eagle Park, Aspen, CO; furnished. The property was auctioned under contract last week in a no-reserve auction. More details below photos.

MLS #152590 – Eagle Pines, West Aspen, 350 Eagle Park, Aspen, CO; furnished; This is an auctioned property…Under Contract Date at Auction: 02/28/19 at $9.5M plus 12% Buyers Premium. Home is offered with $2M of appraised furnishings. (See 1996 Architectural Digest Feature Article on the property. The adjacent Vacant Lot went under contract at $2.1M with 12% Buyers Premium. The property is scheduled to close 03/30/19. Aspen homes for sale. Ask Price: $18,400,000. (Original Price: $18,400,000 and 2,893 days on the market since 08/10/2010.) This is a 1995 built, 8 bedroom/7 bath/2 half-bath, 14,119 sq ft single family home with 4+ car garage on a 15.14 sq ft lot. Broker comments are “Auction: Bid 2/26-28 | Home Previously asking $18.4M, Vacant Lot Previously $3.75M (See listing info below.) | Selling Separately or Collectively Without Reserve. Welcome home to your architectural masterpiece. Designed by world-renowned Uruguayan architect, Horatio Ravazzani, this work of art is rich in details and opulent finishes, yet fully connected to the beauty of the natural setting. From the stone veneer to the custom Iroko woodwork, every element has been hand-selected to complement your surroundings and welcome the views into your home’s ambiance. A legacy in the mountains, 350 Eagle Park Drive is a sophisticated study in contrasts. Start your day with breakfast surrounded by greenery in the conservatory and finish the evening with terrace cocktails colored by spectacular Rocky Mountain sunsets. Equally enchanting for large gatherings as well as intimate affairs, the estate blends lofty spaces and cozy nooks seamlessly. Set on 15 pristine acres, step outside and the gardens will captivate you, from the evergreen forest to the lichen-covered boulders to the waterfalls and undulating streams. Unlike anything you’ve ever experienced, your mountain masterpiece is a paean to the art of man and nature.” 2019 taxes: $37,926. Under Contract Date: 02/28/2019. (Photos and broker comments courtesy of Compass)

MLS #156971 – Eagle Pines, West Aspen, TBD Eagle Pines Drive, Aspen, CO. Vacant Lot at Auction, More details below photo.

MLS #156971 – Eagle Pines, West Aspen, TBD Eagle Pines Drive, Aspen, CO. Aspen Vacant lots for sale. Ask Price: $3,750,000. Under Contract Date at Auction 02/28/19 at $2,100,000. Scheduled to close 03/30/19. (Original Price: $3,750,000 and 2,436 days on the market since 01/02/2013.) This is a 11.64 acres single family vacant lot. Broker comments are “Auction: Bid 2/26-28 | Home Previously $18.4M, Lot Previously $3.75M.  Selling at Auction Separately or Collectively Without Reserve. With an 11-acre lot neighboring 350 Eagle Park Drive, there is more space you can call your very own. The last available buildable lot in the exclusive community of Eagle Pines, this parcel sits on a quiet cul-de-sac at the top of Buttermilk Mountain, offering sweeping views of the surrounding mountains and the valley below. With each season bringing a new backdrop of changing colors and awe-inspiring vistas, this one-of-a-kind offering makes the perfect retreat for peace and renewal amongst the trees. With a cleared building envelope framed by natural beauty, you have the opportunity to build a one-of-a-kind guest house to privately host friends or add to 350 Eagle Park Drive for a generational family compound. All that’s missing is your vision.” 2019 taxes: $20,341. Under Contract Date: 02/28/2019. (Photos and broker comments courtesy of Compass)

MLS #154545 – Callahan Subdivision – Aspen Club area, East Aspen, 1417 Crystal Lake Road, Aspen, CO: Sold Price: $11,500,000/$1,704 sq ft; furnished. More details below photos.

MLS #154545 – Callahan Sub _ Aspen Club Area, East Aspen, 1417 Crystal Lake Road, Aspen, CO: Sold Price: $11,500,000/$1,704 sq ft; furnished. Aspen homes for sale. Ask Price: $13,650,000. (Original Price: $15,000,000 and 273 days on the market since 05/31/2018.) This is a 1990 built, 5 bedroom/6 bath/1 half-bath, 6,748 sq ft single family home with 2 car garage on a 33,105 sq ft river front lot. Broker comments are “Seize this rare opportunity to purchase a legacy estate on the Roaring Fork River. This classic home has been in the same family since it was built and has been impeccably maintained. Enjoy everything there is to do in downtown Aspen, or the wellness amenities of the future Aspen Club, all walking distance to this magnificent home in the prestigious Aspen Club Callahan subdivision. This property offers +/- 200 feet of river frontage, views and large sun drenched decks, all ready to be enjoyed.” 2017 taxes: $16,507; HOA dues: $1,862 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/01/2018; Sold Date: 02/28/2019. (Photos and broker comments courtesy of Engel & Volkers)

MLS #147058 – Starwood, McLain Flats, 876 S Starwood Drive, Aspen, CO: Sold Price: $11,400,000/$841 sq ft; furnished. More details below photos.

MLS #147058 – Starwood, McLain Flats, 876 S Starwood Drive, Aspen, CO: Sold Price: $11,400,000/$841 sq ft; furnished. Aspen homes for sale. Ask Price: $12,750,000. (Original Price: $14,995,000 and 621 days on the market since 06/06/2016.) This is a 1987 built and 2010 remodeled, 7 bedroom/8 bath/2 half-bath, 14,561 sq ft single family home with 3 car garage on a 2.26 acres lot. Broker comments are “Spread out across a high mesa just under three miles northwest of Aspen, Starwood encompasses 960 acres of some of the most stunning Colorado ranch land ever to be bought, subdivided & sold. The southwest-facing orientation and 8,400-foot elevation give Starwood ”that big sky phenomenon.” 876 S. Starwood Drive was originally built in 1987 and remodeled in 2010. Exploiting some of Starwood’s most unobstructed, gorgeous, panoramic views; including Independence Pass, Mt. Daly and Mt. Sopris, this 7-bedroom, 13,000 square foot home is a view-connoisseur’s dream come true. Elegantly sited on 2.26 acres, the mountain contemporary home boasts soaring ceilings, an open floor plan, wood burning fireplace, formal dining, country kitchen, home office, home theatre with tiered seating, walk-in wine/tasting room, elevator serving all 3 levels, an outdoor tennis court and an impeccably maintained indoor swimming pool and hot tub. Ready to move in, being offered tastefully furnished, this Starwood estate set within a grove of Aspen trees provides the convenience of close proximity to downtown Aspen and the privacy of a true retreat.” 2016 taxes: $39,008; HOA dues: $527 per Yr. Under Contract Date: 11/11/2018; Sold Date: 02/28/2019. (Photos and broker comments courtesy of Compass)

MLS #150139 – West End, 605 W Bleeker Street, Aspen, CO: Sold Price: $9,000,000/$2,086 sq ft; furnished. More details below photos.

MLS #150139 – West End, 605 W Bleeker Street, Aspen, CO: Sold Price: $9,000,000/$2,086 sq ft; furnished. Aspen homes for sale. Ask Price: $9,995,000. (Original Price: $10,995,000 and 519 days on the market since 07/25/2017.) This is a 1880 built and 2014 remodeled, 4 bedroom/5 bath/1 half-bath, 4,314 sq ft single family home with 1 car garage on a 4,500 sq ft lot. Broker comments are “A perfectly packaged four bedroom home on a prime West End corner. Nothing was overlooked, the kitchen is as much of a work of art as the numerous spaces and walls that lend themselves to your own art collection. The finish detail throughout is so thought out it takes several visits to really absorb all of the design that went into every nook and cranny. Easy to use “smart” technology integrates the lighting, audio/visual and comfort systems throughout the home. Fabulous roof deck, private patio with a stainless steel hot tub, elegant landscaping enhanced by Aspen’s summer stream system that flows along the edge of the property and a one car garage with additional outdoor parking round out the outdoor spaces.” 2018 taxes: $20,769. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/06/2018; Sold Date: 02/27/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #157136 – Aspen Highlands, West Aspen, 372 Glen Eagles Drive, Aspen, CO: Sold Price: $6,300,000/$860 sq ft; furnished. More details below photos.

MLS #157136 – Aspen Highlands, West Aspen, 372 Glen Eagles Drive, Aspen, CO: Sold Price: $6,300,000/$860 sq ft; furnished. Aspen homes for sale. Ask Price: $6,995,000. (Original Price: $9,875,000 and 483 days on the market since 10/25/2017.) This is a 1980 built and 2011 remodeled, 5 bedroom/6 bath/1 half-bath, 7,436 sq ft single family home with 2 car garage on a 35,284 sq ft lot. Broker comments are “Ski-in & ski-out at Highlands from this private family home. Five en-suite bedrooms all above grade. Just a half-mile to The Aspen Recreation Center & Aspen Schools. The home was extensively & elegantly remodeled by Brewster MacLeod Architects in 2011 with the entire upper level rebuilt from the studs. The majority of the mechanical systems were replaced including new boilers & hot water heaters. A/C on the upper/lower level. Great outdoor space on 8/10 acre. Patios, decks, water features, views & lots of square footage. Home theatre, wood burning fireplace, and lots of additional rooms including a home gym.” 2019 taxes: $15,579. Under Contract Date: 01/14/2019; Sold Date: 02/28/2019. (Photos and broker comments courtesy of Compass)

MLS #157209 – North of Nell Condominiums, Central Core, 555 E Durant Avenue 2H, Aspen, CO: Sold Price: $3,275,000/$2,680 sq ft; furnished. More details below photos.

MLS #157209 – North of Nell Condos, Central Core, 555 E Durant Avenue 2H, Aspen, CO: Sold Price: $3,275,000/$2,680 sq ft; furnished. Aspen condos for sale. Ask Price: $3,400,000. (Original Price: $3,700,000 and 77 days on the market since 12/14/2018.) This is a 3 bedroom/2 bath/1 half-bath, 1,2226 sq ft condo. Broker comments are “The North of Nell is ideally located at the base of Aspen Mountain.” 2018 taxes: $4,976; HOA Dues: $250,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/08/2019; Sold Date: 03/01/2019. (Photos and broker comments courtesy of Raczak Real Estate CO Inc.)

MLS #158014 – TDR TDR, Aspen, CO: Sold Price: $460,000. More details below photo.

MLS #158014 – 2 TDR’s  (Transferable Development Rights), Aspen, CO: Sold Price: $460,000. Aspen lots for sale. Ask Price: $480,000. (Original Price: $480,000 and 787 days on the market since 01/01/2017.) Broker comments are “Two (2) Pitkin County Transferable Development Rights (TDRs) which allow a Pitkin Co receiver site property owner expansion development rights worth 2,500 sq ft per TDR.  TDR’s are sold on the open market. Certificates are fully perfected and ready for use.” Under Contract Date: 02/22/2019; Sold Date: 02/27/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
*TDR prices are based supply and demand. Trading and Pricing history for Pitkin County TDR’s since 2008 is posted at the bottom of this blog post.

MLS #156477 – Ridge Run Subdivision, 1951 Faraway Road, Snowmass Village, CO: Sold Price: $5,940,000/$1,137 sq ft; partially furnished. More details below photos.

MLS #156477 – Ridge Run Sub, 1951 Faraway Road, Snowmass Village, CO: Sold Price: $5,940,000/$1,137 sq ft; partially furnished. Snowmass Village homes for sale. Ask Price: $6,375,000. (Original Price: $6,375,000 and 545 days on the market since 07/18/2017.) This is a 2018 built, 6 bedrooom/5 bath/2 half-bath/1 den/1 bonus room, 5,221 sq ft single family home with 3 car garage on a 34,848 sq ft lot. Broker comments are “Introducing PRIME 1951. Welcome to the new era of mountain modern living. Completed fall 2018, this new construction has an intuitive floor plan that flows perfectly and is comfortable, intimate and elegant. Every detail is considered, and upgraded: Venetian plaster, interior weather seals on doors (for sound proofing), outlets behind toilets — to add your nightlight, heated seat, or whatever. In short, keeping in modern tradition but delivering a cut above. The views from this ski-accessible home say ”wow” at every turn. The master suite on the main level offers one of 4 fireplaces. A guest master suite with a 6th bedroom or personal gym are separated from the rest of the house by a jaw dropping glassed in staircase. Lower level has 3 bedrooms, a media room and bar area, and easy access to the back yard. Beautifully furnished by Kristin Dittmar Designs, this Sweeney Construction house has solar-aided power, outdoor fireplace and grill, an oversized ski locker/mudroom, and a 3-car garage with a Tesla charging station. Come and see the new standard for today’s best new house in Snowmass.” 2018 taxes: $6,352; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/11/2019; Sold Date: 02/25/2019. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

MLS #154461 – Country Club Villas, 240 Snowmass Club Circle 320 aka 1430, Snowmass Village, CO: Sold Price: $1,405,000/$782 sq ft; furnished. More details below photos.

MLS #154461 – Country Club Villas, 240 Snowmass Club Circle 320 aka 1430, Snowmass Village, CO: Sold Price: $1,405,000/$782 sq ft; furnished. Snowmass Village condos for sale. Ask Price: $1,600,000. (Original Price: $1,600,000 and 263 days on the market since 06/06/2018.) This is a 1984 built, 3 bedrooom/3 bath/1 half-bath, 1,795 sq ft condo with 1 car garage. Broker comments are “Enjoy this top floor 3 bedroom Country Club Villa with end unit exposure allowing extra light and views extending over the golf course and towards the Mountain. A (1) car garage with large deck, vaulted ceilings, & easy elevator access makes this a perfect vacation condo. A main floor master bedroom, and (2) additional guest suites on the lower level provides space for the large family. Enjoy the benefits of Membership in the Snowmass Club, and access the Town of Snowmass free skier shuttle only steps away from the front door.” 2017 taxes: $4,505; HOA Dues: $5,600 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/31/2019; Sold Date: 03/01/2019. (Photos and broker comments courtesy of Engel & Volkers Snowmass)

MLS #151940 – Wood Run Place, 425 Wood Road 9, Snowmass Village, CO: Sold Price: $872,500/$570 sq ft; furnished. More details below photos.

MLS #151940 – Wood Run Place, 425 Wood Road 9, Snowmass Village, CO: Sold Price: $872,500/$570 sq ft; furnished. Snowmass Village condos for sale. Ask Price: $895,000. (Original Price: $999,000 and 1,295 days on the market since 03/03/2015.) This is a 1983 built, 3 bedrooom/3 bath, 1,530 sq ft condo. Broker comments are “Relax and enjoy the exceptional location and convenience of this ski-in/ski-out Woodrun Place residence. With a master suite, guest suite and phenomenal loft complete with two twin beds, three full bathrooms and a family/game room, this is the perfect family retreat. This residence has been completely upgraded with the finest wood and stone throughout. Marvel at the high ceilings and panoramic views of the surrounding mountains. At Woodrun Place, owners and guests enjoy heated pool and spa, work-out room, private, dedicated covered parking, ski locker and changing room, front desk, private shuttle, concierge and bell service. This is the way your winter and summer retreat should be; refined, convenient and pampered in Colorado’s premier resort.” 2018 taxes: $2,551; HOA Dues: $27,944 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/17/2019; Sold Date: 02/28/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #154551 – Wood Run Place, 425 Wood Road 2, Snowmass Village, CO: Sold Price: $450,000/$378 sq ft; furnished. More details below photos.

MLS #154551 – Wood Run Place, 425 Wood Road 2, Snowmass Village, CO: Sold Price: $450,000/$378 sq ft; furnished. Snowmass Village condos for sale. Ask Price: $485,000. (Original Price: $495,000 and 261 days on the market since 05/11/2018.) This is a 1983 built, 2 bedrooom/2 bath, 1,188 sq ft condo. Broker comments are “Continue to show. Ideally located on the first floor, this single-level 2-bedroom residence is located right in the heart of the Snowmass Ski area providing easy ski in/ski out access to the Village Express lift or Elk Camp Gondola. The living room has wood burning fireplace with a sleeper sofa and two sliding glass doors leading out to a sweet yard area with seasonal stream. The well-equipped kitchen easily connects to the living area through a breakfast nook window. The large master bedroom has an ensuite bath with a jetted tub, and a comfortable guest bedroom is just down the hall. With an excellent rental history, this property is ready to welcome a new owner at a very desirable price point.” 2018 taxes: $1,377; HOA Dues: $21,698 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/10/2019; Sold Date: 02/22/2019. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)

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