The Estin Report: July YTD 2015 Aspen Snowmass Monthly Market Snapshot was posted 08/03/15 in Current Reports. The Monthly Snapshots are released on or near the 1st of each month.

The 1st Half 2015 State of the Aspen Market Report is in process.

The Estin Report: The 4th Quarter and Year 2014 State of the Aspen Real Estate Market was released online Feb 7th inCurrent Reports.The print edition is available in racks around town and at Sotheby’s offices at 415 Hyman St Mall and 300 Spring Street (my office) opposite the new Aspen Art Museum.

See recent Before/After redevelopment ‘flip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (last – 08/02/15) as additional re-sale properties come on the market at significantly higher prices.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to search the blog archives by year and date to 2008. Or useSearchEstinAspenin the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen, the information should be here.

Market Activity Week 33, August 9 – 16, 2015

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.

Closed (5):MLS #’s:138118,139625,137031,137548,137247. This link is valid until 09/15/2015.

Under Contract/Pending (9):MLS#’s:127879,135956,138605,139072,139654,139724,139923,140157,140518. This link is valid until09/15/2015.

Aspen Snowmass Solds Last Week:

MLS #137247 – Red Mountain, Red Mountain, 250 Willoughby Way, Aspen, CO. Sold Price: $26,723,833/$2,906 sq ft; furnished. More details below photos.

MLS #137247 – Red Mountain, Red Mountain, 250 Willoughby Way, Aspen, CO. Sold Price: $26,723,833/$2,906 sq ft; furnished. Asking Price: $34,995,000. (Original Price: $34,995,000 and 214 days on the market since 01/09/2015. The developer/seller paid $6M for an older home on this precious front row Willoughby Way lot in Jan 2012). This is a 2016 built, 8 bedroom/7 bath/3 half-bath, 9,196 sq ft single family home with 3 car garage on a 63,500 sq ft lot. Broker comments are “Stage Fine Homes has created the ultimate Aspen contemporary masterpiece on Aspen’s best street! Brand new construction slated to be completed Fall ’16. Classic materials meet cutting-edge spatial design, complemented by sweeping views from Independence to Sopris, and dramatic river frontage. California’s dynamic Ro-Rockett Design delicately crafts modern architecture that belongs on its site, and greets visitors with familiar, organic materials; Alaskan yellow cedar, monolithic stone, steel, and integrated landscapes provide harmony and unprecedented indoor-outdoor living. Upper level spa deck, enormous south facing main level patios, tranquil entry courtyard and snowmelted drive/patios offer fantastic entertaining spaces. Direct access to Rio Grande trail for easy bike/walk to town.” 2014 Taxes: $12,852. Under Contract Date: 05/12/2015; Sold Date: 08/11/2015. According to the Aspen Times on Aug. 16, 15 in a review of Pitkin County records, two other Pitkin County home sales have eclipsed the $20 million mark this year — a Starwood home sold for $25.7 million Jan. 29, and the Catto ranch in Woody Creek brought in $23.5 million Jan. 14. Last years’s most expensive home sale fetched $26 million with the sale of a property at 460 Sunnyside Lane. (Photos and broker comments courtesy of Aspen International Properties)

MLS #137548 – Morningstar, East Aspen, 150 Difficult Ln, Aspen, CO. Sold Price: $10,600,000/$2,067 sq ft. More details below photos.

MLS #137548 – Morningstar, East Aspen, 150 Difficult Ln, Aspen, CO. Sold Price: $10,600,000/$2,067 sq ft. Asking Price: $11,250,000. (Original Price: $11,250,000 and 186 days on the market since 02/09/2015.) This is a 2012 built, 4 bedroom/4 bath/1 half-bath, 5,126 sq ft beautiful single family home with 2 car garage on a 98,227 sq ft lot. Broker comments are “Morningstar on the river – a newly new modern home with warm and rustic textures designed by Zone 4 Architects and built by Brikor Associates. Patterned after old European farm structures with a contemporary twist. The floor plan features a central core great room with glass hallways leading to the bedroom pods and all the rooms focusing on views of the Roaring Fork River. The open living area is anchored on one side by the modern kitchen with the massive steel fireplace on the other side and joined by the dry-stacked stone walls, reclaimed timbers, concrete floors and award-winning lighting design. The adjacent dining room has a dramatic wine storage wall.” 2014 Taxes: $13,903; HOA Dues: $3,437 per Qtr. Under Contract Date: 05/20/2015; Sold Date: 08/14/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #137031 – Aspen Highlands, West Aspen, 296 Glen Dee Road, Aspen, CO. Sold Price: $3,700,000/$693 sq ft; unfurnished. More details below photo.

MLS #137031 – Aspen Highlands, West Aspen, 296 Glen Dee Road, Aspen, CO. Sold Price: $3,700,000/$693 sq ft; unfurnished. Asking Price: $3,950,000. (Original Price: $3,950,000 and 254 days on the market since 09/30/2014.) This is a 1989 built, 4 bedroom/5 bath/1 half-bath, 5,333 sq ft single family home with 2 car garage on a 43,560 sq ft, 1-acre lot. Arguably selling at or near lot value. Broker comments are “Ski-in/out from this classic Highlands home down a private lane just above Aspen Highlands Village with amazing slopeside access. Move in ready, remodel existing home, or have the best developable lot on Highlands. Design and build your dream home without any of the restrictions or costs of Aspen Highlands Village. Ski, bike, or hike right out your door. Large spaces give way to views of Highlands and the Willow. Main level master bedroom walks out to a private patio with new decking. The master suite features his and hers baths and a large walk in closet. A dedicated office just off the entrance is outfitted with cherry built-in cabinetry and a coved ceiling with recessed lighting. Abundant storage spaces throughout the house, oversized 2 car garage, sunny decks, and a hot tub. Dedicated ADU on the lower level with its own entrance. TDR receiver site – can build up to 8,000 sq ft.” 2014 Taxes: $7,772. Under Contract Date: 03/08/2015; Sold Date: 08/12/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #139625 – Aspen Villas, West End, 814 W Bleeker Street C-2, Aspen, CO: Sold Price: $1,203,125/$886 sq ft; unfurnished. More details below photos.

MLS #139625 – Aspen Villas, West End, 814 W Bleeker Street C-2, Aspen, CO: Sold Price: $1,203,125/$886 sq ft; unfurnished. Asking Price: $1,295,000. (Original Price: $1,295,000 and 55 days on the market since 06/16/2015.) This is a 1972 and 2006 remodeled, 3 bedroom/2 bath, 1,357 sq ft condo. This complex is located tucked away at the s-turn between 7th and 8th off Main Street. Broker comments are “Meticulously maintained 3 bedroom, 2 bath condo close to core and located along the free skier and bus route. Great family neighborhood and excellent rental investment property. Meticulous updates include: granite kitchen and bathroom counters, new gas fireplace, LED lighting and new furnace with humidification and UV systems for energy efficiency, stainless kitchen appliances (Maytag refrigerator, Viking range, Asko dishwasher), Whirlpool Duet washer and dryer, two flat screen televisions included, new interior paint, new stair railing, and private spacious deck for al fresco dining. New roof in 2013 and new exterior paint in 2015. A new, full-glass front door will be installed and a new front deck is being added in July.” 2014 Taxes: $1,795; HOA Dues: $1,800 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/10/2015; Sold Date: 08/10/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

MLS #138118 – Foxtrot, Woody Creek, 127 Grange Way Lot 1, Aspen, CO. Vacant lot sale. Sold Price: $1,125,000. More details below photos.

MLS #138118 – Foxtrot, Woody Creek, 127 Grange Way Lot 1, Aspen, CO. Vacant lot sale. Sold Price: $1,125,000. Asking Price: $1,250,000. (Original Price: $1,350,000 and 155 days on the market since 03/05/2015.) This is a 91,476 sq ft, almost 2-acre vacant lot. Broker comments are “Single family riverfront lot. Can be combined with adjoining lot (MLS 138119) for a family compound. Really must walk the property to completely appreciate the beauty, value and potential. This is a great deal! Two existing cabins. Water Rights: Spring-fed ponds, irrigation ditch rights and installed well. Per the Pitkin County subdivision exemption approval: Existing residential structures on site may be moved or joined together or attached to new residential structures on site, subject to building department approval. Floor areas of the resulting structures shall not exceed 5,750 sq. ft. of floor area.” 2014 Taxes: $2,652. Under Contract Date: 06/16/2015; Sold Date: 08/07/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)

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Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at970.309.6163or by email.The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Report on Aspen Real Estate.”

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