Aspen Real Estate Market Last Week’s Sales: Feb 25 – March 3, 24 – Week 9
Closed (13): MLS#s: 181490, 182056, 178420, 181309, 181834, 181834, 182217, 182044, 182126, 182126, 182303, 181898, 181500. This link is valid until 4/2/2024.
Under Contract/Pending (12): LS#s: 178089, 182581, 181538, 178303, 182669, 175507, 182441, 179034, 177747, 181928, 182533, 180432. This link is valid until 4/2/2024.
The Estin Report: 2023 Year in Review Aspen Snowmass real estate market report – the 32 pg review and looking forward report – has been released in a print version and as a downloadable pdf in the Reports Section. See also Aspen real estate market weekly blog postings, the monthly 10-page market snapshots (Feb 2023). The print edition is available 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 # 181490 – West Aspen, 501 W Hopkins Avenue, Aspen, CO; Sold Price: $36.975M/$5,437 sq ft. Furnished; Sold Date: 02/27/2024. More details below photos.
MLS # 181490 – West Aspen, 501 W Hopkins Avenue, Aspen, CO; Sold Price: $36.975M/$5,437 sq ft. Furnished; Sold Date: 02/27/2024. Ask Price: $48.2M (Original Price: $48.2M and on the market since 10/24/2023.) This is a 2018 built, 6 bedroom 6 bath/2 half-bath, 6,800 sq ft single-family home with 2 car garage on a 11,500 sq ft lot. Tim’s comments: This is a contemporary Swiss-inspired home with six bedrooms, six full bathrooms, and two half-bathrooms. (See 03/02/23 WSJ article). It is the 1st legit single family home sale over $5,000 sq ft in the West Main Street area of town – it truly sets a new price threshold for the immediate area and the West End. The property is nestled at the base of Shadow Mountain, located on the West Hopkins Ave Bikeway where West Hopkins is closed to through traffic for use as a pedestrian and bike thoroughfare from downtown to the Marolt Open Space just west of 7th St. Technically, this area of town on the southwest side of Main St is referred to as West Aspen, but frequently it’s called West End for marketing purposes as ‘West End’ carries greater cachet. The important difference between the two areas: West Aspen is zoned single & multi-family residential; the historic West End is almost exclusively single family residential. Constructed by Brikor, designed by Christof Eigelberger, and appointed by Challisma Swiss Design, it features authentic 200-year-old European wood interiors. Architectural plans for a 650 sq. ft. expansion are included. High-end finishes, including a Norwegian slate & copper roof, create a modern chalet concept. The lower level offers entertainment with a game room, gym, wine room, and a well-equipped laundry. High-tech features include a Lutron System and Savant Integration. The primary suite features a luxurious bathroom and a walk-in closet with a washer/dryer. Outside, enjoy custom outdoor amenities, a spa, fireplace, and a Hestan built-in barbeque station. As part of the transaction, approximately 19.85 acres of Shadow Mountain on the backside (south) side of the home were acquired by Pitkin County Open Space. 2022 Taxes: $1,248. Under Contract Date: 12/08/2023; Sold Date: 02/27/2024 (Photos courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 182056 – Timber Ridge Condominiums, Central Core, 100 E Dean Street 1B & 1C, Aspen, CO; Sold Price: $4.675M/$3,069 sq ft. Unfurnished; Sold Date: 03/01/2024. More details below photos.
MLS # 182056 – Timber Ridge, Central Core, 100 E Dean Street 1B & 1C, Aspen, CO; Sold Price: $4.675M/$3,069 sq ft. Unfurnished; Sold Date: 03/01/2024. Ask Price: $4.995M (Original Price: $5.295M and on the market since 12/22/2023.) This is a 1965 built and 2023 remodeled, 4 bedroom 3 bath, 1,523 sq ft condo. Tim’s comments: This is a rare 4-bedroom condo in Lodge Zone district with no short term rental restrictions. Timber Ridge building was recently renovated. Open living space with gas fireplace, dining for six. Single-level design for seamless living. Primary bedroom with wood-burning fireplace, walk-in closet, en-suite bath with soaking tub. One from Aspen Mountain’s Lift 1A planned re-development. Low HOA dues, adjacent to Koch Park and Ajax Trail for hiking up Aspen Mtn. 2022 Taxes: $5,030; HOA Dues: $12,552. Under Contract Date: 02/07/2024; Sold Date: 03/01/2024 (Photos courtesy of Christie’s International Real Estate Aspen Snowmass)
MLS # 178420 – Mountain Valley, East Aspen, 449 Mountain Laurel Drive Unit 3, Aspen, CO; Sold Price: $4.1M/$1,823 sq ft. Furnished; Sold Date: 02/28/2024. More details below photos.
MLS # 178420 – Mountain Valley, East Aspen, 449 Mountain Laurel Drive Unit 3, Aspen, CO; Sold Price: $4.1M/$1,823 sq ft. Furnished; Sold Date: 02/28/2024. Ask Price: $4.195M (Original Price: $5.5M and on the market since 03/06/2023.) This is a 1971 built and 2005 remodeled, 3 bedroom 2 bath/1 half-bath, 2,249 sq ft half duplex home on a 19,637 sq ft lot, or 0.45 acres. Tim’s comments: Stunning three-bedroom duplex unit with views of Aspen Mountain and Independence Pass. Featuring 2,249 SF above-grade space, with two bedrooms on the lowest level and a private primary bedroom level above. Main living/entertaining area has soaring ceilings and abundant natural light. Plans for a new private two-car garage are included. Located minutes from downtown with access to RFTA Dial-a-Ride $1.00 bus service. 2022 Taxes: $5,269; HOA Dues: $2,700. Under Contract Date: 12/30/2023; Sold Date: 02/28/2024 (Photos courtesy of Engel & Völkers)
MLS # 181309 – Midland Condos, Central Core, 601 S West End Street 7, Aspen, CO; Sold Price: $1.4M/$2,513 sq ft. Furnished; Sold Date: 02/26/2024. More details below photos.
MLS # 181309 – Midland, Central Core, 601 S West End Street 7, Aspen, CO; Sold Price: $1.4M/$2,513 sq ft. Furnished; Sold Date: 02/26/2024. Ask Price: $1.485M (Original Price: $1.825M and on the market since 10/09/2023.) This is a 1969 built and 2014 remodeled, 1 bedroom 1 bath, 557 sq ft condo. Tim’s comments: Convenient one bedroom, one bath condo in downtown Aspen overlooking Glory Hole Park. Close to the gondola and walking distance to restaurants and shops. Second-floor unit with private covered deck. updated kitchen and bathroom, wood-burning fireplace, private laundry, ski locker, and off-street parking. Small building with low HOA dues ($2,100/quarter). 2022 Taxes: $2,454; HOA Dues: $8,400. Under Contract Date: 02/05/2024; Sold Date: 02/26/2024 (Photos courtesy of Douglas Elliman Real Estate)
MLS # 181834 – Independence Square Condo Hotel, Central Core, 404 S Galena 307, Aspen, CO; Sold Price: $1.125M/$3.750 sq ft. Furnished; Sold Date: 02/23/2024. More details below photos.
MLS # 181834 – Independence Square Hotel Condo, Central Core, 404 S Galena 307, Aspen, CO; Sold Price: $1.125M/$3.750 sq ft. Furnished; Sold Date: 02/23/2024. Ask Price: $1,090,000 (Original Price: $1.125M and on the market since 11/30/2023.) This is a 1889 built and 2019 remodeled, 1 bath, 300 sq ft condo. Tim’s comments: Luxury loft condo in downtown Aspen’s historic Independence Building above Ralph Lauren/Polo shop. Hardwood floors blend historic charm with modern luxury. Enjoy views of Independence Pass from living space and rooftop patio with hot tub. Front desk hotel management offers city licing amenities in a mountain setting. Within one block: Casa Tua, Paradise Bakery, Betuala, and The Belly-up. 2022 Taxes: $1,723; HOA Dues: $16,056. Under Contract Date: 01/14/2024; Sold Date: 02/23/2024 (Photos courtesy of Christie’s International Real Estate Aspen Snowmass)
MLS # 182242 – Inn At Aspen, West Aspen, 38750 Highway 82 2250, Aspen, CO; Sold Price: $460,000/$1,325 sq ft. Furnished; Sold Date: 02/27/2024. More details below photos.
MLS # 182242 – Inn At Aspen, West Aspen, 38750 Highway 82 2250, Aspen, CO; Sold Price: $460,000/$1,325 sq ft. Furnished; Sold Date: 02/27/2024. Ask Price: $460,000 (Original Price: $460,000 and on the market since 01/16/2024.) This is a 1969 built, 1 bath, 347 sq ft condo. Tim’s comments: Second-floor, west-facing condominium with views of pool, lifts, and lower slopes, providing ski-in, ski-out access to Buttermilk Ski Mountain. The Inn at Aspen offers free van service to the airport and downtown areas. Located 2.5 miles from downtown Aspen with excellent HOA amenities including pool, gym, free shuttle, 24-hour front desk, housekeeping, free parking, and more. Deed restriction note: The property cannot be used as a permanent residence; it must be managed by the on-site short-term rental service. Owners are not allowed to list it on platforms like VRBO or Airbnb, nor can they rent it out for long periods. Owners are only permitted to stay for a maximum of 28 consecutive days or a total of 42 days during the “High Season.” 2023 Taxes: $480; HOA Dues: $8,213. Under Contract Date: 01/22/2024; Sold Date: 02/27/2024 (Photos courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 182217 – Inn At Aspen, West Aspen, 38750 Hwy 82 2258, Aspen, CO; Sold Price: $460,000/$1,325 sq ft. Furnished; Sold Date: 02/27/2024. More details below photos.
MLS # 182217 – Inn At Aspen, West Aspen, 38750 Hwy 82 2258, Aspen, CO; Sold Price: $460,000/$1,325 sq ft. Furnished; Sold Date: 02/27/2024. Ask Price: $460,000 (Original Price: $450,000 and on the market since 01/12/2024.) This is a 1969 built and 1980 remodeled, 1 bath, 347 sq ft hotel/condominium. Tim’s comments: Mountain resort living at Buttermilk Ski Resort in Aspen! Second-floor, west-facing Double Queen room with private balcony offering views of Buttermilk Mountain, ski lifts, and pool area. Amenities include ski-in/ski-out access, on-site management, front desk, ski lockers, conference facilities, hot tub, fire pit, exercise room, and Home Team restaurant and Bar. Complimentary shuttle to and from the airport and downtown Aspen core. Prime location for ski enthusiasts and front-row seat to Aspen X-Games action and festivities. Deed restriction note: The property cannot be used as a permanent residence; it must be managed by the on-site short-term rental service. Owners are not allowed to list it on platforms like VRBO or Airbnb, nor can they rent it out for long periods. Owners are only permitted to stay for a maximum of 28 consecutive days or a total of 42 days during the “High Season.”2022 Taxes: $601; HOA Dues: $347. Under Contract Date: 01/28/2024; Sold Date: 02/27/2024 (Photos courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 182044 – Owl Creek Townhomes, Snowmass Village, 917 Burnt Mountain Drive 17, Snowmass Village, CO; Sold Price: $7.3M/$1,890 sq ft. Partial furnished; Sold Date: 02/29/2024. More details below photos.
MLS # 182044 – Owl Creek Townhomes, Snowmass Village, 917 Burnt Mountain Drive 17, Snowmass Village, CO; Sold Price: $7.3M/$1,890 sq ft. Partial furnished; Sold Date: 02/29/2024. Ask Price: $7.695,M (Original Price: $7.695M and on the market since 12/22/2023.) This is a 1997 built, 4 bedroom 4 bath/1 half-bath, 3,862 sq ft single-family home with 2 car garage. Tim’s comments: Well designed Owl Creek Townhome with stunning views of Snowmass Ski Area and Owl Creek areas. Instant ski in / ski out access, end unit with Owl Creek running below. Highly sought-after location within the complex due to immediate ski access. 2023 Taxes: $12,795; HOA Dues: $26,563. Under Contract Date: 12/22/2023; Sold Date: 02/29/2024 (Photos courtesy of Engel & Völkers)
MLS # 182126 – Ridge Run, Snowmass Village, 47 Valley View Road B, Snowmass Village, CO; Sold Price: $3M/$1,396 sq ft. Furnished; Sold Date: 02/29/2024. More details below photos.
MLS # 182126 – Ridge Run, Snowmass Village, 47 Valley View Road B, Snowmass Village, CO; Sold Price: $3M/$1,396 sq ft. Furnished; Sold Date: 02/29/2024. Ask Price: $3.46M (Original Price: $3.46M and on the market since 01/03/2024.) This is a 1975 built and 2023 remodeled, 3 bedroom 2 bath, 2,148 sq ft Duplex on a 34,184 sq ft lot, or 0.79 acres. Tim’s comments: Fully remodeled duplex in Snowmass Village nestled among Aspen tree grove. Three bedrooms, two bathrooms, rooftop terrace, grand living room with vaulted ceilings, ample storage, hot tub, and office. Recently remodeled with new floors, renovated bathrooms, and modern kitchen. Offered fully furnished for immediate ownership. 2022 Taxes: $3,433; HOA Dues: $200. Under Contract Date: 01/18/2024; Sold Date: 02/29/2024 (Photos courtesy of Compass)
MLS # 182270 – Meadow Ranch, Snowmass Village, 151 Meadow Ranch Road F-1-A, Snowmass Village, CO; Sold Price: $1.86M/$1,502 sq ft. Unfurnished; Sold Date: 02/28/2024. More details below photos.
MLS # 182270 – Meadow Ranch, Snowmass Village, 151 Meadow Ranch Road F-1-A, Snowmass Village, CO; Sold Price: $1.86M/$1,502 sq ft. Unfurnished; Sold Date: 02/28/2024. Ask Price: $1.99M (Original Price: $1.99M and on the market since 01/19/2024.) This is a 1976 built and 2013 remodeled, 2 bedroom 2 bath, 1,238 sq ft duplex home. Tim’s comments: Modern, updated, ‘Ligne Roset’ style designer condo with two floors and large deck. Features 2 bedrooms & 2 full bathrooms, gas fireplace, steam shower, stainless steel appliances, lots of natural light, and large balcony with grill. Conveniently located near shuttle stop and Snowmass Base Village. Surrounded by hiking and biking trails, golf course, ski mountains, restaurants, grocery store, and shopping. Fully renovated in 2013 including new floors, sound insulation, windows, deck, and more. 2023 Taxes: $2,100; HOA Dues: $7,644. Under Contract Date: 01/29/2024; Sold Date: 02/28/2024 (Photos courtesy of Christie’s International Real Estate Aspen Snowmass)
MLS # 182303 – Top of Village Condominiums, Snowmass Village, 855 Carriage Way 201, Snowmass Village, CO; Sold Price: $1.85M/$1,712 sq ft. Furnished; Sold Date: 02/26/2024. More details below photos.
MLS # 182303 – Top of Village Condos, Snowmass Village, 855 Carriage Way 201, Snowmass Village, CO; Sold Price: $1.85M/$1,712 sq ft. Furnished; Sold Date: 02/26/2024. Ask Price: $1.91M (Original Price: $1.91M and on the market since 01/24/2024.) This is a 1974 built and 2007 remodeled, 2 bedroom 2 bath, 1,080 sq ft condo. Tim’s comments: Exceptional ski-in, ski-out condo in Top of Village. Timeless mountain modern design offers unparalleled comfort and convenience. Rare garden level unit with direct access and views of Dawdler ski run. Features two bedrooms, two bathrooms, complimentary shuttle service, heated pool, hot tub, sauna, and assigned covered parking. Premier Rated unit by Destination Hotels for rental purposes. 2022 Taxes: $2,573; HOA Dues: $22,224. Under Contract Date: 02/11/2024; Sold Date: 02/26/2024 (Photos courtesy of Engel & Völkers)
MLS # 181898 – Enclave Condominiums, Snowmass Village, 360 Wood Road Unit 209, Snowmass Village, CO; Sold Price: $1,832,500/$1,714 sq ft. Furnished; Sold Date: 02/26/2024. More details below photos.
MLS # 181898 – Enclave Condos, Snowmass Village, 360 Wood Road Unit 209, Snowmass Village, CO; Sold Price: $1,832,500/$1,714 sq ft. Furnished; Sold Date: 02/26/2024. Ask Price: $1.9M (Original Price: $1.9M and on the market since 12/07/2023.) This is a 1977 built and 2010 remodeled, 2 bedroom 2 bath, 1,069 sq ft condo. Tim’s comments: Key location defines this two-bedroom South facing condominium. Abundant windows offer morning and afternoon winter sunshine along with views of Funnel Ski Run up to Elk Camp and passing Gondola cars. Watch skiers head down to Base Village. Enjoy the warmth and ambiance of a wood-burning fireplace (Grandfathered as Pitkin County does not allow wood burning fireplaces after 1995). Additional amenities: new complex arrival center with elevator access, carport parking, on-site management, shuttle service, and potential for solid rental income. 2022 Taxes: $2,473; HOA Dues: $23,535. Under Contract Date: 01/11/2024; Sold Date: 02/26/2024 (Photos courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 181500 – Top of Village Condominiums, Snowmass Village, 855 Carriage Way Leaf 601, Snowmass Village, CO; Sold Price: $1.8M/$1.666 sq ft. Furnished; Sold Date: 02/29/2024. More details below photos.
MLS # 181500 – Top of Village Condos, Snowmass Village, 855 Carriage Way Leaf 601, Snowmass Village, CO; Sold Price: $1.8M/$1.666 sq ft. Furnished; Sold Date: 02/29/2024. Ask Price: $1.9M (Original Price: $1.9M and on the market since 10/25/2023.) This is a 1974 built and 2022 remodeled, 2 bedroom 2 bath, 1,080 sq ft condo. Tim’s comments: Recently renovated condo in the Leaf building with direct ski-in/out access. Charming décor with a modern ski chalet sensibility. Private patio shaded by aspen trees in warmer months. Top of Village offers well-managed amenities including assigned covered parking, additional ski storage, shuttle service, pool, and hot tub. 2022 Taxes: $1,164; HOA Dues: $18,563. Under Contract Date: 12/31/2023; Sold Date: 02/29/2024 (Photos courtesy of Compass)
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