MLS #165491- Green Acres, Red Mountain, 364 Willoughby Way, Aspen, CO; Sold Price: $12,750,000/$4,951 sq ft; unfurnished. Sold Date: 09/14/2020. More details below photos.
MLS #165491- Green Acres, Red Mountain, 364 Willoughby Way, Aspen, CO; Sold Price: $12,750,000/$4,951 sq ft; unfurnished. Sold Date: 09/14/2020. Ask Price: $17,950,000. (Original Price: $17,950,000 and on the market since 07/23/2020.) This is a 1963 built and 1978 remodeled, 3 bedroom/3 bath, 2,575 sq ft single-family. Tim’s notes, “This is essentially a teardown/land purchase”. Broker comments are “Once in a lifetime opportunity to own a legacy property on the most sought after address on ”Aspen’s Willoughby Way”. An ”A” plus lot in location with private and direct access to the Roaring Fork River and fishing. You will love to design a new home with unobstructed views of Independence Pass, Aspen Mountain, Highlands, Mt Sopris and as far as the eye can see. Jump onto the Rio Grande Trail for summer activities in town and walk or bike to the Music Tent and Aspen Institute. Enjoy the Rio Grande Trail in winter for great cross country skiing.” 2019 taxes: $15,385. Under Contract Date: 07/29/2020; Sold Date: 09/14/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
After – New Listing 02/07/2022. Ask Price: $25.995M/$2,863 SF Under contract 03/06/22. Scheduled to close 06/03/22.
MLS # 173568- Green Acres, Red Mountain, 364 Willoughby Way, Aspen, CO; unfurnished. More details below photos.
MLS # 173568- Green Acres, Red Mountain, 364 Willoughby Way, Aspen, CO; unfurnished. Ask Price: $25,995,000/$2,863 Sq Ft. (Original Price: $25,995,000 and on the market since 02/07/2022.) This is a redevelopment project: It is for a 2024 built, 7 bedroom/8 bath/ 3 half-bath, 9,080 sq ft single-family with 3 car garage on a 1.06 acres lot. Tim’s notes, “Same lot for sale – same as Before but now with plans. However, in order to realize plans, buyer must purchase (2) Transferrable Development Rights (TDR’s) now valued at approx. $2.2-2.5M ea. (Pre-covid, TDRS were selling in the $300-350K range.). One TDR allows one to build an additional 2,500 sq ft, so 2 TDR’s allows one to add up to 5,000 additional sq ft at $4.5-5M current prices. The build/construction price will be approximately $5,000 per sq ft for a completed 9,000 sq ft home ($45M all in value) on Aspen’s best address, Willoughby Way, with tremendous panoramic views, walkable to town/Aspen Music Festival and Aspen Institute via the Rio Grande Trail below the property, river views. Broker comments are “As good as it gets. Super prime riverfront Willoughby Way with drop dead views, tons of river exposure, all day sun, and walking distance to town and the music tent. Take advantage of this increasingly rare opportunity to secure your legacy property. Customize the incredible design by Surround Architecture to suit your family, and utilize Stage Fine Homes’ development services to ease you through the process. Schematic design is complete, and site plan/activity envelope application is in review by Pitkin County – preserving development rights and saving over a year of planning time. Existing small home is rented with good income and lease can be terminated. Purchase price includes the property as-is and completed design work.” 2022 taxes: $16,177. (Photos and broker comments courtesy of Aspen International Properties)