The Estin Report: Nov 2015 Aspen Snowmass Real Estate Market Snapshot wasposted 12/04/15 inCurrent Reports.The Snapshots are released on or near the 1st Monday of the month.

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 (11/24/15) 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.

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Market Activity Week 47, November 22 – 29, 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 (13):MLS#’s:128889, 134447, 134448, 134449, 134647, 136279, 136989, 136996, 138472, 139511, 141103, 141175, 141389.This link is valid until 1/3/2016.

Under Contract/Pending (7):MLS#’s:129824, 133316, 137093, 139257, 139589, 141170, 141287. This link is valid until 1/3/2016.

Aspen Snowmass Solds Last Week:

MLS #128889 – Red Mountain, 1124 &1126 Red Mountain Road, Aspen, CO. Sold Price: $15,100,000/$1,455 sq ft; unfurnished. More details below photos.

MLS #128889 – Red Mountain, 1124 &1126 Red Mountain Road, Aspen, CO. Sold Price: $15,100,000/$1,455 sq ft for combined two home compound. Pictured above is the older home at 1126 Red Mountain Rd with architect renderings of a proposed remodel. See 1124 Red Mountain in the next sold property detail below this one; unfurnished. Asking Price: $18,600,000. (Original Price: $18,600,000 and 991 days on the market since 03/01/2013.) Broker comments are “Many options exist for the owner of this gated, 2 house compound on a private hillside overlooking Aspen. Each of the two, one-acre lots has breathtaking views from the continental divide to Mount Sopris. Live like royalty in the immaculate “stone house”, which was designed by Charles Cunniffe to look and feel like a European Castle with intimate living spaces. The older, wooden home will comfortably house your guests and staff. With great views and development potential, the wooden house is located on one of the best sites available in Aspen. The lots are deeded separately, so enjoy your own gated compound or sell one home to offset the cost of the other. Truly a one of a kind opportunity on Red Mounain. 1124 has 5,789 sq ft – 5BR/6.5Ba. while 1126 has 4586 sq ft, per assessor.” 2012 taxes: $20,097.

1126 Red Mountain is a 1962 built and 1980 remodeled, 6 bedroom/4 bath, 4,586 sq ft single family residence with 2 car garage on a 43,560 sq ft lot. Broker comments are “The sale of this property is contingent upon a simultaneous closing on the neighboring property, which is also listed. See MLS: 134448” 2013 taxes: $10,985. Under Contract Date: 10/11/2015; Sold Date: 11/24/2015. (Photos and broker comments courtesy of Aspen Real Estate Company)

MLS #134448 – Red Mountain, 1124 Red Mountain Road, Aspen, CO. Sold Price: $8,000,000/$1,381 sq ft; partial furnished. More details below photos.

MLS #134448 – Red Mountain, 1124 Red Mountain Road, Aspen, CO. Sold Price: $8,000,000/$1,381 sq ft; partial furnished. Asking Price: $10,400,000. (Original Price: $10,400,000 and 628 days on the market since 03/06/2014.) This is a 1997 built, 5 bedroom/6 bath/1 half-bath, 5,789 sq ft single family residence with 4+ car garage on a 43,560 sq ft lot. Broker comments are “Magnificent home has been featured in Sojourner Magazine. Outstanding views, inviting floor plan, and a wine room fit for a sommelier. 5 bedrooms with ensuite baths, billiard room, caretaker quarters, gourmet kitchen. Great home for entertaining. Spectacular views of Aspen and the surrounding mountains. Located on a one-acre separately deeded 1 acre lot as part of a combined two-house compound purchase.” 2013 taxes: $19,980. Under Contract Date: 10/11/2015; Sold Date: 11/24/2015. (Photos and broker comments courtesy of Aspen Real Estate Company)

MLS #139511 – West Buttermilk, West Aspen, 178 Aspen Oak Drive, Aspen, CO. Sold Price: $7,500,000/$1,063 sq ft; partial furnished. More details below photos.

MLS #139511 – West Buttermilk, West Aspen, 178 Aspen Oak Drive, Aspen, CO. Sold Price: $7,500,000/$1,063 sq ft; partial furnished. Asking Price: $7,995,000. (Original Price: $7,995,000 and 1,258 days on the market since 12/15/2011.) This is a 2011 built, 5 bedroom/5 bath/2 half-bath, 7,254 sq ft single family residence with 3 car garage on a 219,978 sq ft lot. Broker comments are “Captivating with an abundance of light & views, seamless flow, perfect proportions & soothing interior palate. Exceptional finishes & attention to details are evident throughout this spacious 7,054 sf custom-built home. Perched on 5 acres, north & east/town views, 1 mile to Aspen city limit. Centrally located to skiing, tennis, golf, Aspen & Snowmass. 5 beautifully appointed ensuite bedrooms, incl. 2 master suites w/fireplaces, soaring ceilings, formal living & dining rooms, fine European kitchen, executive office, library area, media/family room, 3 car heated garage (843 sf), total heated sf of 7,897, 4 gas fireplaces, ample storage and closets, all surrounded by beautiful decks, a water feature, stone patios and lush landscaping. Energy efficient to boot. Partially furnished.” 2014 taxes: $25,058. Under Contract Date: 09/24/2015; Sold Date: 11/23/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #134647 – Maroon Creek Club, West Aspen, 86 S Meadow Lane, Aspen, CO. Sold Price: $5,680,000/$967 sq ft; partial furnished. More details below photos.

MLS #134647 – Maroon Creek Club, West Aspen, 86 S Meadow Lane, Aspen, CO. Sold Price: $5,680,000/$967 sq ft; partial furnished. Asking Price: $5,795,000. (Original Price: $5,795,000 and 2,350 days on the market since 07/05/2007.) This is a 1997 built, 5 bedroom/5 bath/1 half-bath, 5,870 sq ft single family residence with 3 car garage on a 40,510 sq ft lot. Broker comments are “Enjoy the comfort and privacy of this 5,870 square foot European style mountain home featuring elegant finishes and design throughout. Interior features include an open floor plan with dramatic vaulted ceilings and wood beam accents, recessed lighting, wide plank hardwood floors, custom cabinetry and bookcases throughout, and three gas fireplaces. The interior layout includes a formal living and dining room, an upper level master suite and bath, a main level guest master suite, guest bedrooms, office / library, and a private gourmet kitchen with slab granite counter tops and backsplash. Other unique features of the home include a lower level family /media room that transitions into the 5th bedroom with built in custom bunk beds and full bathroom. The private side yard is ideal for entertaining and family gatherings and is surrounded by Aspen trees and a beautiful wooded hillside. The Maroon Creek Club neighborhood has all the amenities to make your lifestyle a reality including hiking, biking, tennis, skiing and world class golfing.” 2014 taxes: $14,922; HOA Dues: $5,028 per Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/24/2015; Sold Date: 11/23/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #136279 – West End, 150 N 8th Street, Aspen, CO. Sold Price: $3,500,000/$921 sq ft; unfurnished. More details below photos.

MLS #136279 – West End, 150 N 8th Street, Aspen, CO. Sold Price: $3,500,000/$921 sq ft; unfurnished. Asking Price: $3,995,000. (Original Price: $4,695,000 and 420 days on the market since 10/01/2014.) This is a 1987 built and 1997 remodeled, 4 bedroom/4 bath/1 half-bath, 3,800 sq ft duplex/half duplex with 2 car garage on a 6,700 sq ft lot. Broker comments are “Secluded Enclave in Aspen’s West End: This 4 bedroom, 4 1/2 bath, approx. 3,800 square foot, 1/2 duplex located in Aspen’s West End, lives like a single family home. With over 3,000 square feet of outdoor, south facing, landscaped yard, mature trees and a dramatic view of Shadow Mountain, this home is perfect for those who want core convenience in a totally private and secluded setting. The cozy yet contemporary floor plan features a custom Poggenpohl kitchen on the main floor along with a formal dining room, a great room with floor to ceiling windows, comfy den, and a spacious master bedroom suite. The great room, den and master bedroom walk out to beautiful patios and the large, private fenced yard. Two additional bedrooms with en-suite baths are located on the second floor and a gym/media room and bunk room round out the floor plan on the lower level. A two car garage and ample storage complete the package on this wonderful West End opportunity.” 2014 taxes: $14,922; HOA Dues: $5,028 per Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/24/2015; Sold Date: 11/23/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #136996 – West Aspen, 945 Cemetery Lane, Aspen, CO. Sold Price: $1,900,000/$985 sq ft; unfurnished. More details below photos.

MLS #136996 – West Aspen, 945 Cemetery Lane, Aspen, CO. Sold Price: $1,900,000/$985 sq ft; unfurnished. Asking Price: $1,900,000. (Original Price: $2,245,000 and 364 days on the market since 11/24/2014.) This is a 1996 built and 1972 remodeled, 4 bedroom/2 bath, 1,928 sq ft duplex/half duplex with 1 car garage on a 16,001 sq ft lot. Broker comments are “Old time Aspen living, sunny south-facing decks that overlook a spacious backyard, mature trees, and a glimpse of Aspen Highlands. Cozy 4 bedroom, 2 bath half duplex with one car garage and expansion potential…kids could walk or bike to school, golf course, or into town.” 2015 taxes: $1,577. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/15/2015; Sold Date: 11/23/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #138472 – Silver Glo, Central Core, 940 Waters Avenue #208, Aspen, CO. Sold Price: $1,280,000/$958 sq ft; furnished. More details below photos.

MLS #138472 – Silver Glo, Central Core, 940 Waters Avenue #208, Aspen, CO. Sold Price: $1,280,000/$958 sq ft; furnished. Asking Price: $1,350,000. (Original Price: $1,350,000 and 226 days on the market since 04/08/2015.) This is a 1970 built, 4 bedroom/3 bath, 1,336 sq ft condo. Broker comments are “More than a ski condominium, this property feels like a wonderful vacation home in Aspen. Located just four blocks from the gondola and within walking distance of the downtown core, this warm and spacious condominium features 4-bedrooms 3-bathrooms and has recently been upgraded with stainless steel appliances, a breakfast bar with seating, and dining area. Enjoy the heated pool, then snuggle up by the fireplace and relax after a great day of skiing. The Silverglo complex features onsite management, conference room, laundry and be sure also make use of the skier shuttle in season. For an added clever touch, one bedroom can be locked off as a separate rental.” 2014 taxes: $2,604; HOA Dues: $3,200 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/13/2015; Sold Date: 11/20/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #141389 – Aspen Airport Business Center, West Aspen, 319 Aabc Unit J & K, Aspen, CO. Sold Price: $762,500/$594 sq ft deed restricted Resident Occupied (RO) property ; unfurnished. More details below photos.

MLS #141389 – Aspen Airport Business Center, West Aspen, 319 Aabc Unit J & K, Aspen, CO. Sold Price: $762,500/$594 sq ft deed restricted Resident Occupied (RO) property; unfurnished. Asking Price: $785,000. (Original Price: $785,000 and 39 days on the market since 10/16/2015.) This is a 1995 built and 2015 remodeled, 3 bedroom/2 bath/1 half bath, 1,282 sq ft condo. Broker comments are “Award winning fully remodeled by S2 Architects rowhouse. Maintenance free and modern without any detail overlooked. This 1,280 SF property is basically free market with the only restriction being that it must be resident occupied by owner or renter. It is unlike anything on the market offering 3 bedrooms, 2.5 baths with the option for a commercial office space or you can rent the lower level for income. Only 4 miles from Aspen in the Aspen Business Center opposite the airport and close to Roxy’s Market, this unit is move in ready with the finest finishes including metal windows, oak flooring, glass railings, stone and tile surfaces, custom built-in cabinets and so much more! Entertain friends in one of the several newly landscaped garden areas or enjoy an outdoor dinner on one of two large decks.” 2015 taxes: $1,988; HOA Dues: $390 per Qtr. Under Contract Date: 10/30/2015; Sold Date: 11/24/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #141103 – Christiana Aspen, West End, 501 W Main Street #A-102, Aspen, CO. Sold Price: $397,500/$1,172 sq ft; furnished. More details below photos.

MLS #141103 – Christiana Aspen, West End, 501 W Main Street #A-102, Aspen, CO. Sold Price: $397,500/$1,172 sq ft; furnished. Asking Price: $399,000. (Original Price: $399,000 and 106 days on the market since 08/10/2015.) This is a 2003 built, 1 bath, 339 sq ft condo. Broker comments are “Charming studio apartment with mountain views. Granite countertops, stainless steel appliances, Murphy bed, stackable washer/dryer and central air conditioning. Complex features outside heated pool and hot tub, courtyards, on-site parking for one vehicle, and spacious indoor heated storage area. Just recently painted and refurbished. Vacant, easy to show, pets allowed.” 2014 taxes: $992; HOA Dues: $258 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/05/2015; Sold Date: 11/24/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #141175 – Aspen Airport Business Center, West Aspen, 309 Aabc Shop Unit #4, Aspen, CO. Sold Price: $255,000 sq ft. More details below photos.

MLS #141175 – Aspen Airport Business Center, West Aspen, 309 Aabc Shop Unit #4, Aspen, CO. Sold Price: $255,000 sq ft. Asking Price: $275,000. (Original Price: $275,000 and 59 days on the market since 09/22/2015.) This is a 1970 built, 1-5 units, 686 sq ft commercial industrial. Broker comments are “Fully renovated ground level commercial space at the Aspen Airport Business Center. Currently built out with a high-end photography lab and dark room with air handling system, sinks and lighting. Full kitchen, bathroom with shower and washer/dryer inside the unit. Home owner’s association dues are $991.21 per quarter, plus actual water usage payable to the owner’s association.” 2014 taxes: $2,330; HOA Dues: $991. Under Contract Date: 10/20/2015; Sold Date: 11/20/2015. (Photos and broker comments courtesy of Setterfield & Bright)

MLS #136989 – Two Creeks, Snowmass Village, 1231 Two Creeks Drive, Snowmass Village, CO: Sold Price: $4,485,000/$998 sq ft; partial furnished. More details below photos.

MLS #136989 – Two Creeks, Snowmass Village, 1231 Two Creeks Drive, Snowmass Village, CO: Sold Price: $4,485,000/$998 sq ft; partial furnished. Asking Price: $4,895,000. (Original Price: $4,895,000 and 345 days on the market since 12/10/2014.) This is a 1997 built, 3 bedroom/4 bath/1 half-bath, 4,490 sq ft single family residence with 2 car garage on a 86,423 sq ft lot. Broker comments are “A private retreat tucked into the aspens at the top of Two Creeks. Contemporary architecture by Heidi Hoffman which cleverly mirrors the surrounding ridgelines and mountain peaks. Splendidly landscaped with wildflowers. Radiant floors, 2 fireplaces, elegant library, spa, and lots of light provided by clerestory and large picture windows. Beautiful decks and views east to the Continental Divide across the ski area. Ski access available via two adjacent private trails. Extremely quiet. Room to expand to 5500 sq ft, or more.” 2014 Taxes: $17,105; HOA Dues: $1,000 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/29/2015; Sold Date: 11/20/2015. (Photos and broker comments courtesy of BERKSHIRE HATHAWAY Home Services | Aspen Snowmass Properties)

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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 byemail.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 Reporton Aspen Real Estate.”

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