Aspen Real Estate Market Last Week’s Sales: July 7 – July 14, 24 – Week 28
Closed (6): MLS#s: 184528, 179480, 183716, 184001, 183915, 183112. This link is valid until 8/13/2024.
Under Contract/Pending (7): MLS#s: 182889, 184489, 184166, 183939, 184543, 184272, 181847. This link is valid until 8/13/2024.
The Estin Report: The June 2024 Aspen Snowmass Village market snapshot has been released in the Current Reports Section. My H1 2024 Aspen Real Estate Market Report SF will be released Jul 17-18th on line for .pdf download – it’s the 32 pg review and looking forward report – in the Reports Section. The print edition will be available in 10-14 days from now in brochure racks outside at Sotheby’s at 300 S Spring St #100 (my office) and Sotheby’s at 415 E. Hyman Ave, in racks around town and at the airport. It can be downloaded from the Reports Section.
Sold Properties Last Week.
MLS # 184528 – Aspen Valley Ranch, Woody Creek, 295 & 495 Aspen Valley Ranch Road, 31 E Bourg Trl & 6 Lots, Woody Creek, CO; Sold Price: $46.037M/$2,668 sq ft. Sold Date: 06/21/2024. More details below photos.
MLS # 184528 – Aspen Valley Ranch (AVR), Woody Creek, 295 & 495 Aspen Valley Ranch Road, 31 E Bourg Trl & 6 Lots, Woody Creek, CO; Sold Price: $46.037M/$2,668 sq ft. Sold Date: 06/21/2024. Ask Price: $46.037M (Original Price: $46.037M and on the market since 07/08/2024.) This is a 2016 built, 15 bedroom 15 bath/ 3 half-bath, 17,250 sq ft single-family home with 2 car garage on a 12,221,194 sq ft lot , or 280.56 acres. Tim’s comments: This is the most expensive Aspen property ever offered for sale at $220M in June 2020. Once written about as ‘Aspen Valley Ranch: Where the Ultra Rich Can Enjoy Luxury Ranch Life’, the bank group, Chiron, took back the properties at $30.5M in a spring 2024 liquidation sale on an outstanding $105M note. The balance between this sale and the total value of the note remain and in litigation. The entire holding was once 850 acres minus two existing owners* in AVR, or 733 acres total sold in this deal. The sale included the following properties: 925, 1025 & 1027 Aspen Valley Downs Rd, 295 & 425 Aspen Valley Ranch Rd, 31, 151 & 160 E Bourg Trail. 2023 Taxes: $134,519. HOA Fees: TBD; Under Contract Date: 05/14/2024; Sold Date: 06/21/2024. (Photos courtesy of Christie’s International Real Estate Aspen Snowmass)
Map – Aspen Valley Ranch
Map – Subdivision Plat Map
Sales Brochure – Aspen Valley Ranch for sale at $220M (initially offered in late spring and Jun 2020)
PR Release – Aspen Valley Ranch with 800 Acres for Sale at $220M
Article May 2020 Natural Gas Exec Turned CO Ranch Into a Mini Country Club Now He’s Selling It for $220 Million
Article Jun 2020 – Aspen Ranch Compound for 200M Perfect for Entire Extended Family
Article Jun 2022 – Aspen Valley Ranch: Where the Ultra Rich Can Enjoy Luxury Ranch Life
Article Jul 2022 – Aspen Valley Ranch Is The Retreat You’ll Want to Know About, Forbes
Article Apr 2023 – AVR Lender Pushing to Foreclose
Article May 2023 – Aspen Valley Ranch Luxury Property at Stake in Loan Dispute
Article Jul 2024 – Aspen Ranch Once Asked $220 Million, Now It’s Being Sold Off in Pieces, WSJ
Article Aug 2024 – Sale Deadline Pushed to Aug 6th_Hunt is Buyer of Downtown Commercial Properties
*Prior sales in Aspen Valley Ranch:
81 E Pasture Lane
$15,500,000
Woody Creek, CO 81656
Closed 08.20.21 / 167809
Legal: Subdivision: Aspen Valley Ranch Homestead 4 (Total 35 acres with a 5,727 sq ft home. Account #R019797; Parcel: 264305402002)
795 & 800 Aspen Valley Ranch Road
$31,500,000
Woody Creek, CO 81656
Closed 10.15.21 / 167810
Legal: Subdivision: ASPEN VALLEY RANCH HOMESTEAD 8 and Subdivision: ASPEN VALLEY RANCH HOMESTEAD 9
(Total: 82 acres – 2 lots, one with a 5,373 sq ft home; the other a vacant lot with designs for a 12,000 square-foot main residence on Lot 9. Account # R019801. Parcels include 264304302003 and 264304201001.)
MLS # 179480 – Townsite of Aspen, Central Core, 919 Waters Avenue, Aspen, CO; City Lot with 1959 Home; Sold Price: $7.3M/$6,759 sq ft. Partial Furnished; Sold Date: 07/08/2024. More details below photos.
MLS # 179480 – Townsite of Aspen, Central Core, 919 Waters Avenue, Aspen, CO; City Lot with 1959 Home; Sold Price: $7.3M/$6,759 sq ft. Partial Furnished; Sold Date: 07/08/2024. Ask Price: $7.5M (Original Price: $8M and on the market since 06/01/2023.) This is a 1959 built, 3 bedroom 2 bath, 1,080 sq ft single-family home on a 7,491 sq ft lot , or 0.17 acre. Tim’s comments: This is a 7,491 sq ft lot near Aspen Core, 4 blocks from the gondola, adjacent to The Gant condominiums. The buildable area in the R-15 zone is 3,660 sq ft above grade with potential for 1,800+ sq ft below grade. Views of Hunter Creek, Smuggler, and Red Mountains. The existing 1,080 sq ft home has 3 bedrooms and 2 bathrooms, built in 1959. 2022 Taxes: $12,549. Under Contract Date: 06/11/2024; Sold Date: 07/08/2024. (Photos courtesy of Douglas Elliman Real Estate)
MLS # 183716 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle 1535, Snowmass Village, CO; Sold Price: $1.553M/$1,633 sq ft. Partial Furnished; Sold Date: 07/08/2024. More details below photos.
MLS # 183716 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle 1535, Snowmass Village, CO; Sold Price: $1.553M/$1,633 sq ft. Partial Furnished; Sold Date: 07/08/2024. Ask Price: $1.595M (Original Price: $1.595M and on the market since 05/15/2024.) This is a 1987 built and 2007 remodeled, 2 bedroom 2 bath, 951 sq ft condo. Tim’s comments: This is a Country Club Villas corner unit overlooking Snowmass Club Golf Course with views of Snowmass Ski Area and Mt. Daly. The condo includes an upper loft for extra bedroom or office space. Features granite countertops, recently replaced appliances, new thermostats, vessel sinks, heated bathroom floors, wood-burning fireplace, ski locker, and elevator. 2023 Taxes: $4,009; HOA Dues: $14,672 annually. Under Contract Date: 05/18/2024; Sold Date: 07/08/2024. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 184001 – Snowmass Mountain Condominium, Snowmass Village, 55 Upper Woodbridge Road B2, Snowmass Village, CO; Sold Price: $1.36M/$1,402 sq ft. Partial Furnished; Sold Date: 07/10/2024. More details below photos.
MLS # 184001 – Snowmass Mountain Condominiums, Snowmass Village, 55 Upper Woodbridge Road B2, Snowmass Village, CO; Sold Price: $1.36M/$1,402 sq ft. Partial Furnished; Sold Date: 07/10/2024. Ask Price: $1.36M (Original Price: $1.36M and on the market since 06/05/2024.) This is a 1973 built and 2007 remodeled, 2 bedroom 2 bath, 970 sq ft condo. Tim’s comments: Snowmass Village condo with ski area and mountain views. Large back deck, one of three units with yard access. Remodeled in 2007 with an updated kitchen, Bosch appliances, gas range, fireplace, and grill. Wood floors, updated bathrooms, washer/dryer, large storage area, and tandem carport. Free Village Shuttle stops at the building. Complex amenities include fitness room, recreation room, sauna, hot tub, and pool. Close to Assay Hill and Snowmass Center grocery store. HOA fees cover heat, internet, and cable. 2023 Taxes: $2,550; HOA Dues: $15,528 annually. Under Contract Date: 06/11/2024; Sold Date: 07/10/2024. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty)e.
MLS # 183915 – Stonebridge Condos, Snowmass Village, 30 Anderson Lane 816, Snowmass Village, CO; Sold Price: $1.175M/$1,641 sq ft. Furnished; Sold Date: 07/08/2024. More details below photos.
MLS # 183915 – Stonebridge Condos, Snowmass Village, 30 Anderson Lane 816, Snowmass Village, CO; Sold Price: $1.175M/$1,641 sq ft. Furnished; Sold Date: 07/08/2024. Ask Price: $1.175M (Original Price: $1.175M and on the market since 05/31/2024.) This is a 1969 built and 2018 remodeled, 1 bedroom 1 bath/ 1 half-bath, 716 sq ft condo with assigned car garage on a 716 sq ft lot. Tim’s comments: This one-bedroom condo offers direct access to hiking, biking, skiing, shopping, and dining. Features include a chef’s kitchen, spacious master bath, ample storage, reclaimed woodwork, granite counters, custom cabinetry, designer glass tiles, and elegant lighting. The large private patio provides stunning views and sunrises. Located steps from Base Village, this fully furnished condo is move-in ready. Amenities include direct ski access, a private ski shop, heated pool, hot tub, full gym, steam room, sauna, and on-site management. 2023 Taxes: $2,577; HOA Dues: $11,803 annually. Under Contract Date: 06/09/2024; Sold Date: 07/08/2024. (Photos courtesy of Engel & Völkers)
MLS # 183112 – Seasons 4 Condominiums, Snowmass Village, 35 Lower Woodbridge Road M-145, Snowmass Village, CO; Sold Price: $750,000/$1,088 sq ft. Furnished; Sold Date: 07/11/2024. More details below photos.
MLS # 183112 – Seasons 4 Condominiums, Snowmass Village, 35 Lower Woodbridge Road M-145, Snowmass Village, CO; Sold Price: $750,000/$1,088 sq ft. Furnished; Sold Date: 07/11/2024. Ask Price: $779,000 (Original Price: $779,000 and on the market since 04/03/2024.) This is a 1971 built and 2006 remodeled, 1 bedroom 1 bath, 689 sq ft condo. Tim’s comments: This remodeled one-bedroom plus den condo is fully furnished and features a gas fireplace and a new tankless hot water heater. Located at the end of the road for privacy with an east facing balcony. It has an excellent rental history. Amenities include a clubhouse, pool, hot tub, and free shuttle service to Snowmass and Aspen. 2023 Taxes: $2,375; HOA Dues: $11,672 annually. Under Contract Date: 05/04/2024; Sold Date: 07/11/2024. (Photos courtesy of Coldwell Banker Mason Morse)
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