Called the “Aspen Penthouse”, this is a unique 2012 built 4 bedroom/4.5 bath, 4,638 sq ft pentouse with 2-car garage space in dead center of the town of Aspen. It is listed at $17,600,000/$3,795 sq ft unfurnished.The City of Aspen allows for only 2,500 sq ft penthouse condos…but there have been exceptions such as this. A recent news article explained the allowance:
“The condo’s large size…is the consequence of negotiations reached in a lawsuit settlement. In 2007, Aspen City Council denied a redevelopment application for the property, even though the project met the height and mass standards established in zoning rules at the time. Council, however, found that the proposal was not in line with the Aspen Area Community Plan, due to inadequate affordable housing and concerns about the demise of a long-time local eatery. The initial application was for a mixed-use building with retail, office space and a condo that was under the 2,500-square-foot limit. The developers sued after the application was denied, challenging the council’s decision as “arbitrary and capricious”. In September 2008, the city and the property’s owners …reached settlement terms. The owners got the right to build the 4,638-square-foot penthouse but agreed to deed restrict the new building’s basement space so it can only be an “affordable” restaurant. The owners must make a good-faith effort to find a tenant who will be charged rent no greater than 75 percent of the free-market rate of a similar space in downtown Aspen, and not greater than $50 per square foot for the first year. If the owners can’t fill the 1,800-square-foot space after six months, the city has the option to try and find a tenant. The restaurant space remains empty. A luxury clothing retailer is open in the street-level space…The owners are also behind an approved-but-unbuilt development at the corner of Hunter Street and Hyman Avenue that will see a 6,900-square-foot penthouse. That deal was reached after developers agreed to preserve the neighboring Little Annie’s and Benton buildings, which were slated for demolition in a plan brought forward in 2011.” ADN, Mar 25, 2013.
The broker’s comments on the property are, “Sophisticated urban lines are abundant in this 4 bedroom penthouse. End-block hemlock fir flooring and hemlock paneling are beautiful reminders of trees covering the nearby mountains. The sumptuous and bright entrance gallery, with curved, plastered art wall and wood paneled wall, conceals heated ski and equipment storage. On the 2nd floor, the gracious central stair hall opens to a cozy family room. The master suite has its own floor with privacy separation between the sitting area and bedroom. The master bathroom features Vals quartzite floors and wainscoting, with custom oak vanity and steam shower. A generous roof terrace offers a built-in server, eight-person hot tub, and garden.” 2012 taxes: $27,126; HOA Dues: TBD. Contact Tim Estin for details and showing appointment: 970-920-7387. (Photos and comments courtesy of Joshua & Co.)