Aspen Real Estate Market  Last Week’s Sales: July 04 – 11, 21 – Week 28

Closed (11) and  Under Contract / Pending (28).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] (Photo above of 202 Midnight Mine Rd from Pitkin Co Assessor.)

The June 2021 Aspen Snowmass Real Estate Market Report was posted July 4, 21 in the Aspen real estate market reports section. 

The Estin Report: H1 2021 sf – Aspen Snowmass Real Estate Market Report is in process now, and I expect to post it online later this week. The print edition will be available in a few weeks.

Bottom Line June 2021
With a record single family home sale at $72.5M/$3,235 sq ft in June, Aspen real estate has gone beyond beyond. Yes, it’s always been at least a somewhat beyond. Now, it’s certifiable. Yet most major indexes are at record highs, or, like mortgage rates, at historically low levels. Records— high/low—everywhere. In Knight-Frank’s 2021 Wealth Report, the pandemic related growth in real estate demand is driving this —and especially for open space, the natural environment with technology/connectivity, flight access and community. Aspen delivers on all of these and more. In Jun ’21, (13) out of (27) Aspen single family home sales were over $10M: (6) of these were over $15M and (10) were sold between $2,000-$3,400 per sq ft. For perspective according to Elite Traveler, the most expensive world property markets are: Monaco $5,263 sq ft, Hong Kong $4,393 sq ft, New York a steal at $2,466 sq ft and London merely $1,891 sq ft. 


(Click image to enlarge. June 2021 Summary. Pg 1 of 10.)          

The Estin Report 2021 ws was released online Jan 8, 21 in the Aspen real estate market section. It can be read online or downloaded as PDF.  The 32-Pg print edition is available now around town:  outside  Sotheby’s 300 S Spring St (my office across from the Aspen Art Museum), Sotheby’s 415 E Hyman on the Hyman Mall, at the Aspen Chamber Information Kiosk across from Paradise Bakery and the Pitkin County (ASE) airport. 
If you any issue downloading the report PDF, please contact me directly and I’d be happy to send it.

Blog Post: Jul 4 – 11, 2021 Aspen CO real estate market activity, Week 28

Closed (11): MLS#s: 165777, 165810, 167678, 168800, 169070, 169088, 169321, 169406, 169945, 170007, 170267.  This link is valid until 8/10/2021.

Under Contract/Pending (28): MLS#s: 170831, 153510, 160234, 160522, 167081, 167809, 168349, 169144, 170102, 170272, 170516, 170559, 170767, 170605, 170801, 170947, 170752, 170927, 170976, 170847, 170848, 170888, 170889, 170933, 170934, 170964, 170967, 170977.  This link is valid until 8/10/2021.

Sold Properties Last Week:

MLS #165777 – Castle Creek, West Aspen, 202 Midnight Mine Road, Aspen, CO; Sold Price: $24,600,000/$3,671 sq ft; furnished. Sold Date: 07/08/2021. More details below photo.

MLS #165777 – Castle Creek, West Aspen, 202 Midnight Mine Road, Aspen, CO; Sold Price: $24,600,000/$3,671 sq ft; furnished. Sold Date: 07/08/2021. Aspen homes for sale. Ask Price: $29,900,000. (Original Price: $39,900,000 and 339 days on the market since 08/03/2020.) Tim’s notes: The property sold at $2M on 9/4/90. This is a 2013 built, 6 bedroom/6 bath/1 half-bath, 6,700 sq ft single family home with 2 car garage on a 11 acres lot. Broker comments are “There’s no need to venture to the French Alps, the rolling countryside of Great Britain, or even the Amalfi Coast of Italy to find that one-of-a-kind world class opportunity…One can search the world over and only find a handful of living options equal to the caliber of this Rocky Mountain retreat steeped in European elegance and mountain charm, and that makes it one of the finest options anywhere for the world-wise and discriminating buyer. Nestled amongst aspen groves and spruce trees on over 11 mostly flat acres, downtown Aspen is just minutes yet a world away. The instant you enter through the private gated drive you know you have arrived at a very special place. The three house compound (with approvals for another home of up to 2,500 square feet), benefits from Castle Creek literally running through the center of the parcel, bringing with it robust waterfalls and idyllic ponds featuring enough trout to satisfy even the most earnest fisherman. Home to the original “Waterfall House”, what has been added over the years are two quaint and rustic cabins and an elegant main house deftly appointed with European fixtures and finishes, making this an exceptional option for an extended family or corporate retreat. Offered for the first time in nearly 30 years. The square footage, beds and baths are the combined total for the three structures spread out across the property. The address of the two cabins are 200 Midnight Mine Road. The property is being sold furnished with some exclusions.” 2021 taxes: $22,512. Under Contract Date: 06/18/2021; Sold Date: 07/08/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #169070 – West Aspen, 1564 Silver King Drive, Aspen, CO; Sold Price: $8,000,000/$1,535 sq ft; furnished. Sold Date: 07/06/2021. More details below photos.

MLS #169070 – West Aspen, 1564 Silver King Drive, Aspen, CO; Sold Price: $8,000,000/$1,535 sq ft; furnished. Sold Date: 07/06/2021. Aspen duplex/half duplex for sale. Ask Price: $8,500,000. (Original Price: $8,500,000 and 112 days on the market since 03/16/2021.) This is a 2006 built, 5 bedroom/5 bath/1 half-bath, 5,209 sq ft duplex/half duplex. Broker comments are “Exceptional contemporary duplex sits above the Aspen Golf Course featuring breathtaking views of Aspen Mountain, Highlands, Buttermilk & Pyramid Peak that are framed in the wall of floor to ceiling windows in the living room, dining room, & master suite. 3 additional guest rooms plus large bunk room make this the perfect home for creating those irreplaceable family memories. Custom designed w/high level finishes, this home features indoor and outdoor entertaining areas, new Savant and media systems, gourmet kitchen w/Sub-Zero & commercial grade appliances and wine cooler, media/game room w/projection TV, billiards, & wet bar, gas fireplace, elevator, A/C, humidification, fire pit & hot tub round out your Aspen lifestyle. Near bike path, hiking trails, & free shuttle to downtown.” 2020 taxes: $16,084. Under Contract Date: 04/19/2021; Sold Date: 07/06/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #168800 –  179 Liberty Lane, Woody Creek, CO; Sold Price: $5,200,000/$962 sq ft; unfurnished. Sold Date: 07/07/2021. More details below photos.

MLS #168800 – 179 Liberty Lane, Woody Creek, CO; Sold Price: $5,200,000/$962 sq ft; unfurnished. Sold Date: 07/07/2021. Woody Creek homes for sale. Ask Price: $5,200,000. (Original Price: $5,200,000 and 131 days on the market since 02/26/2021.) This is a 1994 built, 6 bedroom/5 bath/1 half-bath, 5,400 sq ft single family home with 4+ car garage on a 2 acres lot. Broker comments are “Riverfront is the place to be in Aspen this summer. And they aren’t making any more of it… This magnificent spacious log home sits on 2 acres on the Roaring Fork river. Expansive yard and pond surrounded by mature pines, aspens and cottonwoods. All above grade main house is 3,916 sq. ft. with 4 bedrooms and 3.5 baths. The Guest House (CDU) is an incredibly charming 1,484 sq. ft. with 2 bedrooms (each with loft) and 2 baths. Plenty of garage and storage space for all the toys. This compound will be sold before summer so act now.” 2020 taxes: $10,037. Under Contract Date: 03/03/2021; Sold Date: 07/07/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #165810 – 176 Letey Lane, Woody Creek, CO; Sold Price: $3,150,000/$663 sq ft; unfurnished. Sold Date: 07/08/2021. More details below photos.

MLS #165810 – 176 Letey Lane, Woody Creek, CO; Sold Price: $3,150,000/$663 sq ft; unfurnished. Sold Date: 07/08/2021. Woody Creek homes for sale. Ask Price: $3,400,000. (Original Price: $3,750,000 and 341 days on the market since 08/05/2020.) This is a 1960 built and 1977 remodeled, 5 bedroom/3 bath, 4,751 sq ft single family home with 2 car garage on a 5.1 acres lot. Broker comments are “Incredible riverfront property offered for the first time by the original family owners. 5 flat acres with water rights perfect for a redevelopment opportunity or potential extensive remodel all located within the Aspen school district.” 2019 taxes: $3,962. Under Contract Date: 04/18/2021; Sold Date: 07/08/2021. (Photos and broker comments courtesy of Slifer Smith & Frampton Real Estate)

MLS #169945 – Cooper Street Lofts, Condominium, Central Core, 311 S Aspen Street 4, Aspen, CO; Sold Price: $1,225,000/$1,935 sq ft; unfurnished. Sold Date: 07/06/2021. More details below photos.

MLS #169945 – Cooper Street Lofts, Condominium, Central Core, 311 S Aspen Street 4, Aspen, CO; Sold Price: $1,225,000/$1,935 sq ft; unfurnished. Sold Date: 07/06/2021. Aspen condos for sale. Ask Price: $1,250,000. (Original Price: $1,250,000 and 55 days on the market since 05/12/2021.) This is a 1976 built, studio/1 bath, 633 sq ft condo. Broker comments are “This studio provides plenty of natural light, high ceilings and southern exposure. Enjoy views of Aspen Mountain from your private deck and Shadow Mountain from your kitchen. 1 block from Wagner Park, 4 blocks from Restaurant Row, 3 blocks to Lift One – close to everything Aspen has to offer. A rewarding remodel opportunity with a current lease in place grossing $3,330 until May 15, 2022. 1 assigned parking spot.” 2020 taxes: $2,144; HOA Dues: $16,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/21/2021; Sold Date: 07/06/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #167678 – Hunter Creek, Condominium, Smuggler, 1047 Vine Street, Aspen, CO; Sold Price: $610,000/$1,376 sq ft; unfurnished. Sold Date: 07/07/2021. More details below photos.

MLS #167678 – Hunter Creek, Condominium, Smuggler, 1047 Vine Street, Aspen, CO; Sold Price: $610,000/$1,376 sq ft; unfurnished. Sold Date: 07/07/2021. Aspen condos for sale. Ask Price: $599,000. (Original Price: $680,000 and 224 days on the market since 11/21/2020.) This is a 1980 built and 2019 remodeled, studio/1 bath, 443 sq ft condo. Broker comments are “Quiet top floor corner studio with designer finishes and open views of Aspen Mountain. Look outside your window for the ski report in the Winter. Enjoy the sounds of the natural stream in the Summer. Plenty of room to host in the spacious floor plan or walk ten minutes to the Aspen core. Amenities include tennis, pool, hot tub, and Hunter Creek trail. A great place to live or an excellent investment/rental property.” 2019 taxes: $1,162; HOA Dues: $2,844. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/20/2021; Sold Date: 07/07/2021. (Photos and broker comments courtesy of Compass Aspen)

MLS #169406 – Ridge Run, 70 Deer Lane, Snowmass Village, CO; Sold Price: $3,800,000/$931 sq ft; furnished. Sold Date: 07/07/2021. More details below photos.

MLS #169406 – Ridge Run, 70 Deer Lane, Snowmass Village, CO; Sold Price: $3,800,000/$931 sq ft; furnished. Sold Date: 07/07/2021. Snowmass Village homes for sale. Ask Price: $3,850,000. (Original Price: $3,850,000 and 97 days on the market since 04/01/2021.) This is a 1987 built and 2009 remodeled, 5 bedroom/4 bath/1 half-bath, 4,080 sq ft single family home with 2 car garage on a 1 acres lot. Broker comments are “Ridge Run’s best kept secret. This refuge is surrounded by Common Area, while nestled against a forest of evergreens and aspens. Beautifully upgraded kitchen that any culinary would feel at home in. All bathrooms throughout are exquisite. Huge oversized garage, with tons of adjoining heated storage. A stone’s throw from Assay Hill, the Snowmass Center makes this gem an amazing find for those who appreciate value…this won’t last long.” 2020 taxes: $8,159; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/13/2021; Sold Date: 07/07/2021. (Photos and broker comments courtesy of Jody Mack)

MLS #170007 – Crestwood, Condominium, 400 Wood Road F-1113, Snowmass Village, CO; Sold Price: $1,550,000/$1,153 sq ft; furnished. Sold Date: 07/09/2021. More details below photos.

MLS #170007 – Crestwood, Condominium, 400 Wood Road F-1113, Snowmass Village, CO; Sold Price: $1,550,000/$1,153 sq ft; furnished. Sold Date: 07/09/2021. Snowmass Village condos for sale. Ask Price: $1,595,000. (Original Price: $1,595,000 and 353 days on the market since 07/20/2020.) This is a 1970 built and 2008 remodeled, 3 bedroom/3 bath, 1,344 sq ft condo. Broker comments are “Highly desirable for its location, elegant decor and furnishings, this premier rated corner 3 bedroom, 3 bathroom condominium is the perfect luxury escape to the mountains. Completely upgraded with beautiful hardwood floors, custom wood cabinetry and stainless-steel appliances in the kitchen, this property has all of the creature comforts needed for a carefree stay. The living room feels cozy and warm with plenty of lounging space and is equipped with a beautiful stacked stone gas fireplace and a large flat TV screen. There is a large wraparound deck that looks out directly onto the new Base Village and Fanny Hill. The spacious master suite has its own fireplace and access to the outside deck. The master bath, with its river rock floor shower and granite surround bathtub adopts a sleek design while promoting relaxation for those who need to recharge after a day out skiing. Conveniently located just steps away from the fitness center, sauna, pool and hot tubs of the Crestwood complex. With easy ski-in, ski-out access, this condominium is sure to become a favorite with owners and visitors alike.” 2020 taxes: $2,894; HOA Dues: $28,339. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/19/2021; Sold Date: 07/09/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #169321 – Capitol Peak, Condominium, 110 Carriage Way Unit 3306, Snowmass Village, CO; Sold Price: $1,200,000/$1,091 sq ft; furnished. Sold Date: 07/06/2021. More details below photos.

MLS #169321 – Capitol Peak, Condominium, 110 Carriage Way Unit 3306, Snowmass Village, CO; Sold Price: $1,200,000/$1,091 sq ft; furnished. Sold Date: 07/06/2021. Snowmass Village condos for sale. Ask Price: $1,250,000. (Original Price: $1,250,000 and 105 days on the market since 03/23/2021.) This is a 2008 built, 2 bedroom/2 bath, 1,099 sq ft condo. Broker comments are “Excellent rental potential. This 2-bedroom, 2-bath ski-in, ski-out condo has a quiet location in the heart of Snowmass Base Village. It’s steps away from the gondola, and adjacent to the Kids’ Treehouse Adventure Center, making ski school drop-off and pick-up a snap for family ski vacations, as well as the restaurants, après spots, and shops. Ownership in Capitol Peak includes private underground parking, personal ski lockers on the plaza level, owner’s storage and a lounge with billiards, two hot tubs and an exercise facility.” 2020 taxes: $6,512; HOA Dues: $18,668. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/05/2021; Sold Date: 07/06/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty – Durant)

MLS #169088 – Top of Village, Condominium, 855 Carriage Way Trails-302, Snowmass Village, CO; Sold Price: $1,025,000/$949 sq ft; furnished. Sold Date: 07/07/2021. More details below photos.

MLS #169088 – Top of Village, Condominium, 855 Carriage Way Trails-302, Snowmass Village, CO; Sold Price: $1,025,000/$949 sq ft; furnished. Sold Date: 07/07/2021. Snowmass Village condos for sale. Ask Price: $1,075,000. (Original Price: $1,075,000 and 112 days on the market since 03/17/2021.) This is a 1974 built and 2015 remodeled, 2 bedroom/2 bath/1 half-bath, 1,080 sq ft condo. Broker comments are “Beautiful Top Floor Vaulted Ceiling Renovated condo, with amazing views and direct ski-in, ski-out access onto Dawdler Ski Run. Elevator access to 1 designated covered parking spot, easy access to pool, jacuzzi, conference room, and front desk. TOV shuttle on demand. Very popular rental unit, so much that brokers, please have patience, this property is booked through the balance of the ski season, and showings will be difficult. Please see Matterport Tour attached under photos. Condo is now vacant from today 3-22 through 3-26th.” 2020 taxes: $3,083; HOA Dues: $13,934. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/08/2021; Sold Date: 07/07/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #170267 – Assay Hill Lodge, Condominium, 130 Wood Road 507, Snowmass Village, CO; Sold Price: $389,000/$1,034 sq ft; furnished. Sold Date: 07/07/2021. More details below photos.

MLS #170267 – Assay Hill Lodge, Condominium, 130 Wood Road 507, Snowmass Village, CO; Sold Price: $389,000/$1,034 sq ft; furnished. Sold Date: 07/07/2021. Snowmass Village condos for sale. Ask Price: $389,000. (Original Price: $389,000 and 140 days on the market since 09/09/2020.) This is a 2019 built and 2019 remodeled, studio/1 bath, 376 sq ft condo. Broker comments are “Own your own ski-in/ski-out condo at the Viceroy Snowmass. Named the BEST SKI HOTEL by USA Today, recently completed a $4 million renovation, and offers the most affluent amenities in the Aspen/Snowmass area – 2 restaurants, a heated pool, hot tubs, full service spa, complimentary valet/transportation, concierge services, room service, owner storage, and ski valet. This studio is complete with a gorgeous kitchen, luxurious king size bed, seating area, and cozy fireplace. Use it whenever you want and rent it out through the onsite rental management company to cover your costs.” 2019 taxes: $1,628; HOA Dues: $8,772. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/02/2021; Sold Date: 07/07/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Willits)

_______________