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Aspen Real Estate Market  Last Week’s Sales: Aug 11 – Aug 18, 24 – Week 33

Closed (5): MLS#s: 182889, 182439, 177643, 179743, 185078. This link is valid until 9/17/2024

Under Contract/Pending (9): MLS#s: 184487, 179715, 183003, 183960, 184808, 184349, 184350, 181806, 184563. This link is valid until  9/17/2024.

Estin Report: The July 2024 Market Snapshot and the bi-annual 1st Half 2024 Aspen Snowmass Real Estate Market reports have been released in the Current Reports Section for PDF download.  The H1 2024 print edition is now available outside Sotheby’s offices at 300 S Spring St #100 (my office, opposite the Aspen Art Museum) and 415 E. Hyman Ave in the Hyman Mall,  in racks around town and at the Pitkin County/ASE airport luggage area magazine kiosk.

Sold Properties Last Week.

MLS # 182889 – Castle Creek, West Aspen, 931 N Hayden Road, Aspen, CO; Sold Price: $28M/$2,434 sq ft. Furnished; Sold Date: 08/15/2024. More details below photos. 

MLS # 182889 – Castle Creek, West Aspen, 931 N Hayden Road, Aspen, CO; Sold Price: $28M/$2,434 sq ft. Furnished; Sold Date: 08/15/2024. Ask Price: $45M (Original Price: $45M and on the market since 03/14/2024) This is a 1996 built and 2024 remodeled, 9 bedroom 8 bath/ 2 half-bath, 11,503 sq ft single-family home with 4+ car garage on a 758,380 sq ft lot , or 17.41 acres. Tim’s comments: A recently renovated 17-acre family compound offering luxurious mountain living. The estate features 11,500 sq ft of space with 30-foot ceilings, custom finishes, and furnishings from the Courchevel & the Haute Savoie region in France, alongside furnishing and finished elements reflecting Colorado’s history. The property includes manicured lawns, two ponds, waterfalls, and newly constructed outdoor decks with stunning views of Castle Creek Valley. Modern amenities such as La Cornue appliances, Sub Zero, Control 4 systems, and 1 Gbps fiber optic internet complement its authentic mountain charm. Located  about 10-12 minutes up Castle Creek Road from the roundabout, this estate offers unparalleled indoor and outdoor living, bordered by the White River National Forest with direct trail access. 2024 Taxes: $44,356; HOA Dues: $5,600 quarterly. Under Contract Date: 07/04/2024; Sold Date: 08/15/2024(Photos courtesy of Compass)

MLS # 182439 – Meadowood, West Aspen, 0269 Heather Lane, Aspen, CO; Sold Price: $9M/$2,540 sq ft. Unfurnished; Sold Date: 08/15/2024. More details below photos. 

MLS # 182439 – Meadowood, West Aspen, 0269 Heather Lane, Aspen, CO; Sold Price: $9M/$2,540 sq ft. Unfurnished; Sold Date: 08/15/2024. Ask Price: $12M (Original Price: $12M and on the market since 02/03/2024) This is a 1975 built and 2006 remodeled, 4 bedroom 4 bath, 5,066 sq ft single-family home with 2 car garage on a 31,551 sq ft lot , or 0.75 acres. Tim’s comments: Move-in ready older 4-bedroom home on 0.75 acres with 2 fireplaces, an expansive kitchen, and a private wing with 2 bedrooms and an office. Enjoy views looking up at Aspen Highlands and Buttermilk’s Tiehack from every window. The property allows for expansion or a rebuild up to 11,380 SF. Located in a highly desirable Aspen neighborhood with large lots and access to common HOA amenities of a fishing pond, tennis courts, hiking trails and cross-country ski tracks. Conveniently close to Aspen but outside city limits offering more flexible Pitkin County permitting. Note: The home is not furnished and the image shown is AI-generated. 2024 Taxes: $215,094; HOA Dues: $450 annually. Under Contract Date: 06/28/2024; Sold Date: 08/15/2024 (Photos courtesy of The Jenkins Properties)

MLS # 177643 – West End, 433 Gillespie Avenue, Aspen, CO; Sold Price: $8.3M/$1,518 sq ft. Unfurnished; Sold Date: 08/16/2024. More details below photos. 

MLS # 177643 – West End, 433 Gillespie Avenue, Aspen, CO; Re-development opportunity – Vacant Lot for Sale; Sold Price: $8.3M/$1,518 sq ft. Unfurnished; Sold Date: 08/16/2024. Ask Price: $9.5M (Original Price: $10.995M and on the market since 12/08/2022. The seller, a developer, paid $5.7M on 06/03/21.) Tim’s comments: This is a 1964 built home sold at or near lot value. Non-historic home on a 5,000 sq ft West End corner lot. With a ready-to-issue permit and demolition allotment, you save over 2 years in permit approval(s). Walkable to the core, music tent, Rio Grande Trail, and Aspen Institute, the lot offers protected views of Aspen, Shadow, and Highlands. Plans for a 5,467 sq ft house with a 2-car garage are included. The existing rental home provides income with termination rights. Price covers land, existing home, and new home plans, with optional development services from seller. 2021 Taxes: $9,526. Under Contract Date: 06/21/2024; Sold Date: 08/16/2024   (Photos courtesy of Aspen International Properties)

MLS # 179743 – Shield O Mesa, Old Snowmass, 340 Monastery Cutoff Road, Snowmass, CO; Sold Price: $3.45M/$735 sq ft. Unfurnished; Sold Date: 08/13/2024. More details below photos. 

MLS # 179743 – Shield O Mesa, Old Snowmass, 340 Monastery Cutoff Road, Snowmass, CO; Sold Price: $3.45M/$735 sq ft. Unfurnished; Unfinished home; Sold Date: 08/13/2024. Ask Price: $4.2M (Original Price: $4.8M and on the market since 06/15/2023) This is a 2023 built, 4 bedroom 3 bath/ 2 half-bath, 4,688 sq ft single-family home with 2 car garage on a 218,236 sq ft lot , or 5.01 acres. Tim’s comments: Unfinished under construction home with 360-degree mountain views and an open floor plan with floor-to-ceiling windows. The main floor primary bedroom has a private patio with views of Snowmass Mountain and the Elk Range. Multiple outdoor spaces ensure privacy while being just 30 minutes from Aspen. The price includes the new home delivered as is – as a white box with cabinetry, paneling, and appliances – allowing buyers to choose and complete interior finishes. 2023 Taxes: $2,977. Under Contract Date: 07/03/2024; Sold Date: 08/13/2024 (Photos courtesy of Christie’s International Real Estate Aspen Snowmass)

MLS # 185078 – Crestwood Condominiums, Snowmass Village, 400 Wood Road 1219G, Snowmass Village, CO; Sold Price: $2.025M/$2,008 sq ft. Furnished; Sold Date: 08/15/2024. More details below photos. 

MLS # 185078 – Crestwood, Snowmass Village, 400 Wood Road 1219G, Snowmass Village, CO; Sold Price: $2.025/$2,008 sq ft. Furnished; Sold Date: 08/15/2024. Ask Price: $2.15M (Original Price: $2.15M and on the market since 08/15/2024) This is a 1970 built and 2023 remodeled, 2 bedroom 2 bath, 1,008 sq ft condo. Tim’s comments: This luxury remodeled condo features timeless finishes and cozy details. Located steps from Funnel Ski Run, it offers direct access to Village Express Ski Lift and Elk Camp Gondola, and it is a short walk to Base Village for dining and shopping. With two spacious bedrooms, including an en suite primary, the 1,008 sq ft condo is designed for efficiency and includes built-in closets and a full-sized washer/dryer. 2023 Taxes: $2,577; HOA Dues: $23,912 quarterly. Under Contract Date: 04/16/2024; Sold Date: 08/15/2024 (Photos courtesy of Aspen Snowmass Sotheby’s International Realty)

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