The Estin Report: Nov 2015 Aspen Snowmass Real Estate Market Snapshot wasposted 12/04/15 inCurrent Reports.The Snapshots are released on or near the 1st Monday of the month.

See recent Before/After redevelopmentflip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (11/24/15) as additional re-sale properties come on the market at significantly higher prices.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to search the blog archives by year and date to 2008. Or useSearchEstinAspenin the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen, the information should be here.

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Market Activity Week 50, December 13 – 20, 2015

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.

Closed (10):MLS#’s:136246, 142048, 141075, 141156, 138476, 125312, 133033, 140230, 139617, 130799.This link is valid until 1/20/2016.

Under Contract/Pending (7):MLS#’s:141897, 141712, 141001, 136878, 135821, 140019, 139671. This link is valid until 1/20/2016.

Aspen Snowmass Solds Last Week:

MLS #136246 – 2015 RECORD HIGHEST PRICED SINGLE FAMILY HOME SALE: Red Mtn Ranch, Red Mountain, 155 & 200 Sabin Drive, Aspen, CO. Sold Price: $29,500,000/$1,739 sq ft; furnished. More details below photos.

MLS #136246 – 2015 RECORD HIGHEST PRICED SINGLE FAMILY HOME SALE: Red Mtn Ranch, Red Mountain, 155 & 200 Sabin Drive, Aspen, CO. Sold Price: $29,500,000/$1,739 sq ft; furnished. Asking Price: $49,500,000. (Original Price: $65,000,000 and 445 days on the market since 09/29/2014.) This is a 2010 built, 7 bedroom/7 bath/4 half-bath, 16,961 sq ft single family residence with 3 car garage on an almost 6 acre, 256,481 sq ft, lot. An additional building right of nearly 4,150 square feet plus deck space allows for a guest house expansion to complete a compound.
Broker comments are, “The size of this home cannot be duplicated under current land use codes, making this legacy home a rare commodity indeed. Summit House is heralded as the quintessential Aspen home, and the one by which all others either present or future will be judged.” 2014 taxes: $65,206; HOA Dues: TBD. Under Contract Date: 12/14/2015; Sold Date: 12/18/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #142048 – West End, 233/235 W Hallam Street, Aspen, CO. Sold Price: $15,000,000/$1,697 sq ft; furnished. More details below photos.

MLS #142048 – West End, 233/235 W Hallam Street, Aspen, CO. Sold Price: $15,000,000/$1,697 sq ft; furnished. Asking Price: $15,000,000. (Original Price: $15,000,000 and 286 days on the market since 03/06/2015.) This is a 2015 built, 9 bedroom/10 bath/3 half-bath, 8,836 sq ft single family residence with 2 car garage on a 9,664 sq ft lot. Broker comments are “Sold before MLS. Incredible six bedroom home with a three bedroom guest house. Oversized corner lot in the West End. Traditional layout blended with contemporary and exquisite finishes. Brand new construction.” 2014 taxes: $10,464. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/02/2015; Sold Date: 12/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #141075 – Aspen Highlands, West Aspen, 85 Thunderbowl Lane, Aspen, CO. Sold Price: $5,400,000/$957 sq ft; furnished. More details below photos.

MLS #141075 – Aspen Highlands, West Aspen, 85 Thunderbowl Lane, Aspen, CO. Sold Price: $5,400,000/$957 sq ft; furnished. Asking Price: $5,800,000. (Original Price: $5,800,000 and 148 days on the market since 08/31/2015.) This is a 2002 built and 2013 remodeled, 4 bedroom/5 bath/1 half-bath, 5,640 sq ft single family residence with 2 car garage on a 3,920 sq ft lot. Broker comments are “Exquisite mountain contemporary ski-in townhome at Aspen Highlands. Enjoy the luxury and spaciousness in this recently renovated designer furnished, four-bedroom, six-bath home complete with media room, elevator, A/C, rooftop hot tub and Ritz Carlton amenities. This home defines the term TURN KEY! With the highest finishes and design, ski in, hike or bike, from your backdoor yet only five minutes to downtown Aspen!” 2014 taxes: $21,700; HOA Dues: $5,500. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/12/2015; Sold Date: 12/16/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #141156 – Hallam Addition, West End, 434 Pearl Court, Aspen, CO. Sold Price: $2,575,000/$1,585 sq ft. More details below photos.

MLS #141156 – Hallam Addition, West End, 434 Pearl Court, Aspen, CO. Sold Price: $2,575,000/$1,585 sq ft. Asking Price: $3,500,000. (Original Price: $3,500,000 and 70 days on the market since 09/28/2015.) This is a 1957 built, 4 bedroom/2 bath, 1,624 sq ft single family residence on a 5,000 sq ft lot. Broker comments are “This 1624 square foot home sits on a southwest facing 5,000 square foot corner lot on Pearl Ct between W. North Street and Gillespie Ave in the West End. The current dwelling provides excellent privacy and an intimate feeling just a short walk to and from the Aspen Center for Physics and Music Tent. Available FAR is on file. This is an excellent opportunity to own in Aspen’s renowned West End.” 2014 taxes: $4,163. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/07/2015; Sold Date: 12/07/2015. (Photos and broker comments courtesy of Stirling Peak Properties, LLC)

MLS #138476 – Capitol Creek, Old Snowmass, 730 Rose Spur Road, Snowmass, CO: Sold Price: $4,750,000/$1,292 sq ft; partial furnished. More details below photos.

MLS #138476 – Capitol Creek, Old Snowmass, 730 Rose Spur Road, Snowmass, CO: Sold Price: $4,750,000/$1,292 sq ft; partial furnished. Asking Price: $5,295,000. (Original Price: $5,295,000 and 491 days on the market since 08/03/2014.) This is a 1992 built, 4 bedroom/3 bath/2 half bath, 3,676 sq ft single family residence with 2 car garage on a 1,370,398 sq ft lot. Broker comments are “Truly one of the most idyllic ranches being offered in the Roaring Fork Valley. This charming stone and timber home is nestled in this spectacular setting with sweeping views of the mountains and valleys below. This three bedroom home has been completely remodeled and is ready to move it! A fourth room could easily become a fourth bedroom, den or artist studio. If art is your passion, this home is perfectly designed to display your art collection. Great porch and patio settings surround the home allowing you to partake in the grandeur that awaits you when you step outside. The 31+ acre ranch includes a perfect equestrian’s dream of a barn with a thoughtful design and access to ample irrigated pastures for your horses.” 2014 Taxes: $13,235; HOA Dues: $15,500 per Year. Under Contract Date: 11/12/2015; Sold Date: 12/18/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #125312 – Owl Creek Townhomes, Snowmass Village, 101 Burnt Mountain Drive, Snowmass Village, CO: Sold Price: $3,500,000/$906 sq ft; partial furnished. More details below photos.

MLS #125312 – Owl Creek Townhomes, Snowmass Village, 101 Burnt Mountain Drive, Snowmass Village, CO: Sold Price: $3,500,000/$906 sq ft; partial furnished. Asking Price: $3,674,999. (Original Price: $4,000,000 and 1,295 days on the market since 05/05/2012.) This is a 1997 built, 4 bedroom/4 bath, 3,862 sq ft townhouse with 2 car garage on a 3,862 sq ft lot. Broker comments are “Perfect ski access, mountain views, end unit with the sought after ”B” floor plan, upgraded exterior hot tub and landscaping, full bathroom and closet was added to the den…could function as a fifth bedroom.” 2015 Taxes: $12,610; HOA Dues: $23,209 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/20/2015; Sold Date: 12/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #133033 – Wood Run, Snowmass Village, 20 Alpine Lane, Snowmass Village, CO: Sold Price: $2,805,000/$657 sq ft; furnished. More details below photos.

MLS #133033 – Wood Run, Snowmass Village, 20 Alpine Lane, Snowmass Village, CO: Sold Price: $2,805,000/$657 sq ft; furnished. Asking Price: $3,195,000. (Original Price: $3,350,000 and 638 days on the market since 02/18/2014.) This is a 1974 built and 2005 remodeled, 6 bedroom/5 bath, 4,266 sq ft single family residence with 2 car garage on a 32,204 sq ft lot. Broker comments are “Enjoy great indirect ski access from this enchanting home conveniently located in Wood Run. With six bedrooms, the main house has five bedrooms and four baths and a guest house with one bedroom and one bath. A beautiful creek runs through the property with a water feature and two ponds. The open kitchen, dining and living room invite a myriad of entertaining options. Incredible views and ski access 100 yards away!” 2014 Taxes: $11,250; HOA Dues: $100 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/16/2015; Sold Date: 12/11/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #140230 – Fox Run PUD, Snowmass Village, 190 Fox Lane, Snowmass Village, CO: Sold Price: $2,250,000/$421 sq ft; furnished. More details below photos.

MLS #140230 – Fox Run PUD, Snowmass Village, 190 Fox Lane, Snowmass Village, CO: Sold Price: $2,250,000/$421 sq ft; furnished. Asking Price: $2,395,000. (Original Price: $2,395,000 and 150 days on the market since 07/20/2015.) This is a 1987 built and 2009 remodeled, 6 bedroom/4 bath/1 half bath, 5,332 sq ft single family residence with 2 car garage on a 1 1/4 acre, 54,988 sq ft, lot. Broker comments are “This six-bedroom, Fox Run home makes a fantastic year round family retreat and is within a short 3 minute drive to the Two Creek high speed lift for skiing, and a short walk to a private homeowners’ association fishing pond. The spacious open dining, living and kitchen area with large wood-burning fireplace and beautiful views is perfect for relaxing or entertaining. A newly remodeled kitchen makes cooking a pleasure, while the updated master bedroom and bath makes for a cozy haven. This is one of the highest and largest lots in Fox Run providing incredible views and privacy. This is a great family house in the Aspen school district. Easy to show!” 2014 Taxes: $6,853; HOA Dues: $2,000 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/10/2015; Sold Date: 12/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #139617 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Rd #169 169, Snowmass Village, CO: Sold Price: $555,000/$594 sq ft; furnished. More details below photos.

MLS #139617 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Rd #169 169, Snowmass Village, CO: Sold Price: $555,000/$594 sq ft; furnished. Asking Price: $595,000. (Original Price: $595,000 and 179 days on the market since 06/15/2015.) This is a 1971 built and 2006 remodeled, 2 bedroom/2 bath, 934 sq ft condo. Broker comments are “Amazing unit and location in Seasons 4 complex. Remodeled in 2006, this 2 bedroom boasts amazing kitchen, stainless steel appliances, wine cooler, elegant fireplace, arched doorways, and the list continues. Seasons 4 complex is great for full-time owners, part time owners, or renters. Amenities include on-site property management, complex pool and hot tub area, and shuttle service through Town of Snowmass Village.” 2014 Taxes: $1,345; HOA Dues: $1,486 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/15/2015; Sold Date: 12/11/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

MLS #130799 – Woodbridge, Snowmass Village, 35 Upper Woodbridge 29cd, Snowmass Village, CO: Sold Price: $375,000/$409 sq ft; furnished. More details below photos.

MLS #130799 – Woodbridge, Snowmass Village, 35 Upper Woodbridge 29cd, Snowmass Village, CO: Sold Price: $375,000/$409 sq ft; furnished. Asking Price: $429,900. (Original Price: $485,000 and 864 days on the market since 07/11/2013.) This is a 1973 built, 2 bedroom/2 bath, 916 sq ft condo. Broker comments are “Terrific two-bedroom with views, balcony, and one of the best ski-in / ski-out access at the Woodbridge. Complex offers a pool, hot tub and free shuttle bus.” 2014 Taxes: $1,458; HOA Dues: $2,500 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/29/2015; Sold Date: 12/14/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

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Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at970.309.6163or byemail.The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:The Estin Reporton Aspen Real Estate.”

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