The estimated cost of restoring the Stapleton home is $1.5 million, according to planning consultant Glenn Horn, representing the applicant. It wouldn’t be feasible for a local worker to purchase the lot and then raze the old home and build a new residence or restore the historic home for use, he reasoned….The plan is to save the old house, which dates back to Aspen’s early ranching days and is clearly visible from both Owl Creek Road and the paved Owl Creek Trail. It’s located to south of the airport between Aspen and Snowmass Village.

ASPEN REAL ESTATE — Pitkin County will lose a single-family lot from its pool of worker-housing properties in exchange for the preservation of a piece of Aspen history. County commissioners on Wednesday voted 2-1 to approve a development application that ensures the preservation of a vacant, dilapidated home off Owl Creek Road and its inclusion on the county’s historic register. The approval also allows construction of a new single-family home of up to 5,750 square feet on the 5-acre property and removes a deed restriction that limits use of the parcel to worker housing. A separate cabin that had been the employee residence is uninhabitable and will be demolished.
By Janet Urquhart, May, 24 2012 AT

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See Feb. 3, 2012 article

Photo credit: Aspen Historical Society. The Stapleton home outside of Aspen, as it looked shortly after construction in 1913.