Red Mountain 2015 Contemporary at 720 Willoughby Way Closes at $27M/$3,090 SF Unfurn.

Aspen Real Estate Market  Last Week’s Sales: Jul 5 – 12, 2020 – Week 27

Closed (11) + Under Contract / Pending (27).  [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]  

07/13/20 Bottom Line: In the Aspen Glenwood MLS for the Roaring Fork Valley, 2020 YTD dollar sales volume of $1.971MM has exceeded 2019 at $1.929MM. (Monthly figures below are for the upper RF Valley.) There is a high level of activity throughout the valley and into the I-70 corridor and strong sales activity continues across all price points and areas. In Aspen and Snowmass, we are seeing more multiple and back-up offers. Seismic rental demand continues with people wanting to stay here longer. People want to move out here full-time from the cities – as always, the quality of life here is the magnet but low interest rates, Covid 19 and civil unrest have created greater urgency than ever. We are seen as a financial haven, a 2nd home safe haven and a place to move permanently where people may not have been considering this as urgently as before the past 6 months of world-wide disruptions. See links below to view sold and under contract properties last week. A spreadsheet of under contracts for the week is attached.

07/06/20 Bottom Line: Another another huge week of sales activity. The energy in the marketplace is palpable and moving quickly. (25) more properties went under contract last week:  (9) of these are over $10M ask price and  (5) of these are over $20M ! Buyers seem to be resolute in an Aspen area purchase, unwilling to procrastinate or postpone a life-long desire to buy here amidst a Covid 19 and urban violence backdrop. If you are considering a property, act promptly as multiple offers are becoming more frequent and inventory of quality properties fast diminishing.

06/29/20 Bottom Line: Sales continue to erupt…See bottom line and post.

06/22/20 Bottom Line:  Sales are surging across the board in all categories. The opening of Covid-19 restrictions has unleashed a wave of pent-up demand…See bottom line and post.

_______________

Blog Post: Jul 5 – 12, 2020 Aspen CO real estate market activity, Week 27

Closed (11):  These properties went under contract end of April and early May.  MLS#s: 161273, 155077, 156929, 157039, 159886, 161444, 162587, 162724, 163722, 164940, 165169.  This link is valid until 8/11/2020.

Under Contract/Pending (27): MLS#s: 161356, 145229, 145265, 156683, 156809, 158607, 160081, 160145, 161563, 161593, 161754, 162552, 162609, 164662, 164854, 164881, 164882, 164893, 164914, 164984, 165018, 165050, 165069, 165104, 165113, 165131, 165243.  This link is valid until 8/11/2020.

Sold Properties Last Week:

MLS #157039 – Pitkin Green, Red Mountain, 720 Willoughby Way, Aspen, CO: Sold Price: $27,000,000/$3,090 sq ft; unfurnished. Sold Date: 07/10/2020. More details below photos.

MLS #157039 – Pitkin Green, Red Mountain, 720 Willoughby Way, Aspen, CO: Sold Price: $27,000,000/$3,090 sq ft; unfurnished. Sold Date: 07/10/2020. Aspen homes for sale. Ask Price: $30,950,000. (Original Price: $30,950,000 and 1,276 days on the market since 11/21/2016. The seller paid $24M on 11/10/16. A teardown 1965 home had sold previously to a developer for $5.3M on 01/02/13.) This is a 2015 built, 7 bedroom/7 bath/2 half-bath, 8,737 sq ft single family home with 3 car garage on a 38,000 sq ft lot. Broker comments are “Located on Aspen’s prestigious Willoughby Way, this David Johnston masterpiece is the quintessential modern estate…The contemporary home boasts soaring ceilings that capture views from Independence Pass to Pyramid Peak. Perfect for the art lover with vast walls and windows. This is modern architecture at it’s finest with no detail overlooked. The home has 7 en suite bedrooms and 9 baths, all with contemporary finishes. A Bulthaup kitchen opens up to the expansive floor plan perfect for entertaining large groups, or more intimate family functions. Walls of telescoping glass doors brings the outdoors in opening up generous outdoor patios, pool, and yard; perfect for summer soirees.” 2019 taxes: $58,489; HOA Dues: $2,900. Under Contract Date: 03/03/2020; Sold Date: 07/10/2020. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #162724 – West Aspen – Maroon Cr Valley, 60 Bulkley, Aspen, CO: Sold Price: $8,750,000/$1,477 sq ft; unfurnished. Sold Date: 07/07/2020. More details below photos.

MLS #162724 – West Aspen – Maroon Cr Valley, 60 Bulkley, Aspen, CO: Sold Price: $8,750,000/$1,477 sq ft; unfurnished. Sold Date: 07/07/2020. Aspen homes for sale. Ask Price: $8,750,000. (Original Price: $8,750,000 and 330 days on the market since 08/12/2019.) This is a 1994 built, 5 bedroom/1 bonus room/5 bath/2 half-bath, 6,888 sq ft single family home with 2 car garage on a 2.16 acres lot. Broker comments are “Immaculate custom log home on two acres, with views of Pyramid Peak. Located in the Maroon Creek Valley, minutes from Aspen Highlands and downtown Aspen. A large stacked stone fireplace, vaulted ceilings, and open floor plan give this home a lodge feel. The main home has four bedrooms, four full and two half bathrooms, a large open kitchen with fireplace and sitting area, and an office which could be a fifth bedroom. The courtyard area leads to a one-bedroom, one-bathroom caretaker residence above the two-car garage. The stone patio spans from the living room to the kitchen with an outdoor entertaining area surrounded by beautiful landscaping. Large windows frame Pyramid Peak in the living room and master bedroom.” 2020 taxes: $12,699. Under Contract Date: 06/07/2020; Sold Date: 07/07/2020. (Photos and broker comments courtesy of The Agency)

MLS #156929 – Aspen Highlands, West Aspen, 62 Prospector Road, Aspen, CO: Sold Price: $5,000,000/$778 sq ft; partially furnished. Sold Date: 07/10/2020. More details below photos.

MLS #156929 – Aspen Highlands, West Aspen, 62 Prospector Road, Aspen, CO: Sold Price: $5,000,000/$778 sq ft; partially furnished. Sold Date: 07/10/2020. Aspen townhomes for sale. Ask Price: $5,295,000. (Original Price: $5,950,000 and 755 days on the market since 10/25/2017.) This is a 2002 built, 5 bedroom/6 bath/1 half-bath, 6,426 sq ft townhome with 2 car garage on a 4,356 sq ft lot. Broker comments are “Aspen Highlands most exclusive luxury townhome residence. This mountain home has been upgraded with the finest finishes and amenities. This residence provides the ultimate resort lifestyle: Ski-in/Ski-out, Ritz-Carlton Club privileges, and 5-star concierge service. Approximately 6,426 square feet of rustic elegance with majestic mountain and slope views and bright southern exposure encompasses 4 bedrooms, 6 full and 1 half-baths. Revel in two master suites with rejuvenating stone-clad bathrooms (steam showers, jetted tubs) and view terraces, a gourmet eat-in kitchen, formal living room with massive stone fireplace, formal dining room, a $450,000 director’s quality theater, which could be the fifth bedroom, game room/lounge, and private office/storage room.” 2019 Taxes: $28,779; HOA Dues: $32,624. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/26/2020; Sold Date: 07/10/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #163722 – Aspen Wild Condominiums, Central Core, 101 E Cooper Avenue Unit 201, Aspen, CO: Sold Price: $1,460,000/$1,883 sq ft; furnished. Sold Date: 07/06/2020. More details below photos.

MLS #163722 – Aspen Wild Condominiums, Central Core, 101 E Cooper Avenue Unit 201, Aspen, CO: Sold Price: $1,460,000/$1,883 sq ft; furnished. Sold Date: 07/06/2020. Aspen condos for sale. Ask Price: $1,520,000. (Original Price: $1,520,000 and 96 days on the market since 04/01/2020.) This is a 1978 built and 2013 remodeled, 1 bedroom/1 bath, 775 sq ft condo. Broker comments are “For the discerning buyer. Rarely available. Delightful pied a terre in a small 9 unit building with a fantastic downtown location next to Koch Park, one block to Wagner Park and two blocks to Cooper Ave. pedestrian mall. Plenty of natural light and view of Aspen Mountain. Second floor corner unit with patio. Offered furnished and equipped with washer & dryer, granite counters and stainless appliances. Private balcony. Assigned parking space is a great asset. Owner pet allowed.” 2019 taxes: $2,447; HOA Dues: $6,267. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/07/2020; Sold Date: 07/06/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty – Durant)

MLS #162587 – Little Victoria Condos, West End, 634 W Main Street #5, Aspen, CO: Sold Price: $457,000/$1,187 sq ft; unfurnished. Sold Date: 07/01/2020. More details below photos.

MLS #162587 – Little Victoria, West End, 634 W Main Street #5, Aspen, CO: Sold Price: $457,000/$1,187 sq ft; unfurnished. Sold Date: 07/01/2020. Aspen condos for sale. Ask Price: $480,000. (Original Price: $480,000 and 184 days on the market since 12/27/2019.) This is a 1966 built and 2004 remodeled, studio/1 bath, 385 sq ft condo. Broker comments are “Here it is. This livable and affordable studio is located in Aspen’s historic West End. Take in the view of shadow mountain from the large window or walk outside and enjoy the park benches in the common court yard. This unit has a full kitchen with newer appliances and ample closet space for a condo of this size. Some short-term rentals are allowed with limitations and pets are allowed for owners. This is a great opportunity for the buyer who is looking for stress-free, entry level housing in Aspen.” 2018 taxes: $847; HOA Dues: $4,219. Under Contract Date: 05/24/2020; Sold Date: 07/01/2020. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)

MLS #161273 – Two Creeks, 204 Blue Spruce Lane, Snowmass Village, CO: Sold Price: $8,195,000/$1,364 sq ft; furnished. Sold Date: 07/06/2020. More details below photos.

MLS #161273 – Two Creeks, 204 Blue Spruce Lane, Snowmass Village, CO: Sold Price: $8,195,000/$1,364 sq ft; furnished. Sold Date: 07/06/2020. Snowmass Village homes for sale. Ask Price: $8,195,000. (Original Price: $8,195,000 and 915 days on the market since 08/26/2017.) This is a 2000 built, 5 bedroom/5 bath/1 half-bath, 5,498 sq ft single family home with 2 car garage on a 1.51 acres lot. Broker comments are “Located directly on Creekside Ski Run, this contemporary Two Creeks residence is the epitome of grace and comfort. Designed by Bill Poss Architects and built by Brikor Associates, this award-winning home is timeless, elegant and full of stunning architectural details and finishes. The bamboo floors and mahogany wood throughout elevate a sleek, modern design and create a warm, inviting ambiance. The floor plan embraces wide, open spaces including a great room featuring tall ceilings, gourmet kitchen and adjacent dining room that make everyday living and entertaining seamless. Expansive floor-to-ceiling windows allow you to revel in spectacular views and give way to the perfect backdrop for relaxing in the great room or handling day to day business in the adjoining office. There is a sophisticated master suite featuring curved maple walls and a spacious guest suite that occupy opposite ends of the main living level, each affording their own privacy. The upper floor hosts two additional guest suites, a separate den and media room equipped with a billiards table and large TV for watching the big game. Enjoy all of the creature comforts this home has to offer including a smart automation system for the ultimate luxury home experience. Literally step out your door and onto the slopes with this prime location to the ski runs. Return at the end of your day and relax in the outdoor spa. Easy access to hiking, snowshoeing, cross country skiing and the Snowmass Club and Golf Course. Also, great proximity to both Aspen and the airport.” 2019 taxes: $27,746; HOA Dues: $1,090. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/29/2020; Sold Date: 07/06/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #155077 – Country Club Homes, 366 Snowmass Club Circle 1, Snowmass Village, CO: Sold Price: $3,150,000/$1,099 sq ft; furnished. Sold Date: 07/06/2020. More details below photos.

MLS #155077 – Country Club Homes, 366 Snowmass Club Circle 1, Snowmass Village, CO: Sold Price: $3,150,000/$1,099 sq ft; furnished. Sold Date: 07/06/2020. Snowmass Village townhomes for sale. Ask Price: $3,425,000. (Original Price: $3,575,000 and 731 days on the market since 07/06/2018.) This is a 1981 built and 2008 remodeled, 4 bedroom/3 bath/1 half-bath, 2,866 sq ft townhome with 2 car garage. Broker comments are “Perhaps the most attractively built townhome at the Snowmass Country Club Townhomes. This 4 bedroom plus loft, 3,000+ sq. ft. Townhome has been completely rebuilt and meticulously redesigned. The huge kitchen and open living room pour out to an enhanced deck which enjoys views of the golf club and the Snowmass Ski Area. If you are looking for a property that lives like a home but want the convenience of a lock-and-leave property, this is the one. When it comes to views, luxurious design and finishes as well as location (within 1 minute walk to the Club) there is no comparison on the market today. Townhome #1 is offered fully furnished and totally turn key.” 2019 taxes: $9,497; HOA Dues: $20,263 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/18/2020; Sold Date: 07/06/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #159886 – Ridge Run, 53 North Ridge Lane B, Snowmass Village, CO: Sold Price: $2,287,500/$1,004 sq ft; partially furnished. Sold Date: 07/07/2020. More details below photos.

MLS #159886 – Ridge Run, 53 North Ridge Lane B, Snowmass Village, CO: Sold Price: $2,287,500/$1,004 sq ft; partially furnished. Sold Date: 07/07/2020. Snowmass Village duplex/half-duplex for sale. Ask Price: $2,500,000. (Original Price: $2,850,000 and 389 days on the market since 06/14/2019.) This is a 2010 built, 3 bedroom/3 bath/1 half-bath, 2,278 sq ft duplex/half-duplex with 2 car garage on a 31,766 sq ft lot. Broker comments are “Stunning views and luxury from this surprisingly private Snowmass duplex. Awash in ambient light provided by the many windows and glass staircase treads, this home features endless sophisticated and design savvy accents throughout. Striking carbonized oak floors made from FSC certified wood hint at the many green touches to come, including solar floor heating systems, This home is as artful as it is intelligent, a true twenty first century home. A full bar and wine storage refrigerator are cradled in maple cabinets. Contemporary furnishings and Ingo Maurer lighting add urban design elements from the whimsical to the sleek in every room. The master bedroom features views in multiple directions, elegant gas fireplace, and a sunny south facing deck. The bathroom has a two person jacussi.” 2019 taxes: $7,729; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/08/2020; Sold Date: 07/07/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #161444 – Aspenwood Condominiums, 600 Carriage Way J13 & J15, Snowmass Village, CO: Sold Price: $499,500/$466 sq ft; furnished. Sold Date: 07/06/2020. More details below photos.

MLS #161444 – Aspenwood Condominiums, 600 Carriage Way J13 & J15, Snowmass Village, CO: Sold Price: $499,500/$466 sq ft; furnished. Sold Date: 07/06/2020. Snowmass Village condos for sale. Ask Price: $515,000. (Original Price: $525,000 and 286 days on the market since 09/24/2019.) This is a 1967 built, 2 bedroom/2 bath, 1,070 sq ft condo. Broker comments are “Two bedroom Aspenwood condominium with nicely updated bathrooms and kitchen. Has washer/ dryer in the condominium. Located adjacent to the pool and hot tub. A perfect rental property or ski weekend retreat! Easy access to skiing, the Snowmass Mall, Westin and conference center.” 2019 taxes: $1,807; HOA Dues: $15,900. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/13/2020; Sold Date: 07/06/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #164940 – Assay Hill Lodge Hotel Condos, 130 Wood Road 503, Snowmass Village, CO: Sold Price: $285,000/$705 sq ft; furnished. Sold Date: 07/08/2020. More details below photos.

MLS #164940 – Assay Hill Lodge Hotel Condos, 130 Wood Road 503, Snowmass Village, CO: Sold Price: $285,000/$705 sq ft; furnished. Sold Date: 07/08/2020. Snowmass Village hotel condos for sale. Ask Price: $310,000. (Original Price: $310,000 and 199 days on the market since 03/25/2020.) This is a 2009 built and 2019 remodeled, studio/1 bath, 404 sq ft condo. Broker comments are “Enjoy ski-in ski-out living at its best in the only 4 star property located in the new Snowmass Base Village. South facing studio with views of the slopes and all day sun. Property amenities include 2 on-site restaurants and bars, newly remodeled fitness center, ski valet service, valet parking, on-site concierge and an incredible Spa offering a wide variety of massage treatments. Available turn-key and new carpets, furniture and bedding were all recently added.” 2018 taxes: $1,749; HOA Dues: $10,430. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/24/2020; Sold Date: 07/08/2020. (Photos and broker comments courtesy of Slifer Smith & Frampton Real Estate)

MLS #165169 – Country Club Sub, TBD Fairway Drive, Snowmass Village, CO: Sold Price: $895,000. Sold Date: 07/02/2020. More details below photos.

MLS #165169 – Country Club Subdivision, TBD Fairway Drive, Snowmass Village, CO: Sold Price: $895,000. Sold Date: 07/02/2020. Snowmass Village lots for sale. Ask Price: $1,150,000. (Original Price: $1,150,000 and 264 days on the market since 10/12/2019.) This is a 7,372 sq ft single family vacant lot. Broker comments are “Sold before MLS.” 2019 taxes: $11,265; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/24/2019; Sold Date: 07/02/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

_______________