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Crested Butte, CO Real Estate News

By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Greetings from Crested Butte Colorado! Contrary to what many assume Crested Butte's real estate market continues to improve and the trend is not great if you've been sitting on the sidelines expecting the market to retreat. A quick study of our year-over-year performance reveals that price and value are rising, the inventory of available residential properties remains low and high mortgage interest rates do not appear to be impacting us negatively.   During the first quarter of 2023 our local market realized just 11 single family home sales which equated to $18.6 million in volume. The median sold price of a home was $1.585 million.   During the first quarter of this year, our local market hit 18 single family home sales and just over $48 million in sales volume. But the most revealing...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Price Reduced $100,000! 710 Red Mountain Ranch now offered at $1,895,000.Visit Website for DetailsEscape to the ultimate mountain sanctuary at 710 Red Mountain Ranch Rd. Crested Butte’s newest luxury barn conversion. The classic Rocky Mountain style barn has been beautifully upgraded throughout. The newly completed 2 bed, 2 bath living space upstairs features wide plank wood floors, gorgeous cabinets, vanities and lighting treatments, vaulted ceilings, lots of natural light, big decks and a super functional layout. Venture downstairs to explore the versatile barn spaces, which have also been thoughtfully finished. An additional full bathroom, spacious tack room, four horse stalls, and ample garage space await you.Whether you desire storage for your RV, off-road vehicles, or cherished to...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
SOLD by Channing Boucher of LIV Sothebys Realty in Crested ButteVisit the website to see video, photos and morehttps://crested-butte-real-estate.com/ranches_for_sale/1360-red-mountain-ranch/Beautiful up valley Paradise Divide and Mt Crested Butte views, mature forest, and meadows make 1360 Red Mountain Ranch a special offering at Red Mountain Ranch in Crested Butte and a great spot to build a dream home. Fabulously private, incredible vistas and only minutes to town, Red Mountain Ranch is a special ranch community comprising sixty-five, 35 acre+ ranch parcels and ranch homes. Located about 15 minutes to downtown Crested Butte, special care was taken in the very beginning of this community to create building sites that captured the dramatic views but also offered total privacy for each l...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Sold it in Crested Butte, Colorado: $5.34Mhttps://crested-butte-real-estate.com/homes_for_sale/501_teocalli_ave/Recognized as a Crested Butte top home builder by Mountain Living Magazine in 2023, Midtown Mountain’s latest and most exquisite design-build at 501 Teocalli Avenue is complete and sold!This is the company’s 5th generation mountain modern home build and one of their very best. The home’s layout features four bedrooms, five bathrooms, a separate 264 SF accessory cabin and a detached, two-car 585 SF garage with EV chargers and a space for an RV. Interior design highlights include vaulted ceilings, a stunning mix of architectural steel and reclaimed wood beams, wide plank oak flooring, Caesarstone and quartzite tops and an amazing chef’s kitchen outfitted in Wolf and SubZero with...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Visit Sitehttps://crested-butte-real-estate.com/homes_for_sale/730_butte_ave_crested_butte/SOLD March 31, 2023$1,695,000Property Description:A Town of Crested Butte gem, 730 Butte Avenue was fully renovated in 2020 into a lovely 1,800 SF mountain home with Bozar approved expansion possibilities. This is the completely renovated, low maintenance, energy efficient home you’ve been looking for. The 1st floor enjoys an open layout with a well equipped kitchen, a dining area, a guest bath and a comfortable living area that features a gas fireplace with unmatched views of Mt. Crested Butte. The second floor features spacious bedrooms each with their own bath and mountain views. There are well designed storage and closet spaces along with a side-by-side washer and dryer setup. The great corner...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Skyland’s latest and most luxurious offering, this new construction, second generation townhouse at Golf Villas enjoys many upgrades from our successful 1st generation homes. The list of improvements includes adding Pella windows, adding a full bath to the top floor bedroom suite, improving the living room’s fireplace design and upgrading all of the interior elements with designer lighting and hardware, wide plank oak flooring, beautiful tops and cabinets and a full Thermador kitchen appliance package with an Anzio hood. Other highlights include in-floor radiant heat throughout, a covered front porch and two covered decks on the west side of the home. Located across the street from the Club at Crested Butte and facing west, you’ll enjoy beautiful sunsets, awesome mountain views and the ...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
In town living is increasingly difficult to navigate. Scarcity and high costs to build mean investors need to bob and weave to find opportunity. I’m looking forward to seeing what my client creates with the remodel of this little 💎.This 2 🛌 2 🛀, 1,336 SF two-story condo located in town at 730 Belleview enjoys a big deck with mountain views and a location near the Center for the Arts, the park and the community school. Sold at $863K.https://crested-butte-real-estate.com/sold-730-belleview/
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
SOLDWow! Another amazing mountain modern home design-build by Midtown Mountain. Located on peaceful 4th Avenue between Teocalli and Gothic in the west end of the historic Town of Crested Butte, 113 Fourth enjoys commanding views of Mt Crested Butte to the east and Mt Emmons to the west. It’s a quick walk or pedal to Elk Avenue dining and shopping or the ski resort shuttle stop from here. Top local builder Tony Veit, award winning Andrew Hadley Architects and Midtown Mountain created a masterful design inside and out for this location. The property features a five bedroom, five bath house, a detached 382 SF garage with additional space for bikes and skis and a stand-alone 144 SF office accessory with a 1/2 bath. The home’s interior design includes vaulted and beamed ceilings in the livin...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Just listed for sale in Crested Butte Colorado: 33 Aperture LaneAn amazing location at Aperture and adjacent to the historic town of Crested Butte, private Slate River access and stunning mountain views make this fully furnished mountain modern at 33 Aperture one of Crested Butte’s finest offerings. Architected by SHM Architects with interior design by Niki O’Connor of CB Spaces and construction by local builder Michael Weil Custom Homes, the newly completed property comprises 5,393 SF and rests on a flat 1/2 acre parcel that sits against permanent open space. The main house enjoys a traditional floor plan with the kitchen, dining room, great room and the primary bedroom suite on the 1st floor. Upstairs there are three guest suites and a comfortable media room. The views from the upstai...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Sold it in Crested Butte!A special redevelopment opportunity located in the historic west end of the Town of Crested Butte, 322 Gothic sits in the middle of this peaceful stretch of Gothic Avenue, terminating at Coal Creek to create a quiet cul-de-sac neighborhood for the few homes that exist here. Bigger than most parcels in Crested Butte at 9,375 SF and .22 acres the potential exists to build up to a 2,800 SF main house that very much would enjoy protected views of Red Lady and the dramatic Paradise Divide mountains. There is also the potential to improve the existing alley side accessory dwelling unit and garage space. From this coveted spot it’s an easy stroll or townie ride over to Elk Avenue dining, shopping and nightlife. The Lower Loop trail system is also nearby! $1,920,000http...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Visit the site for a video tourAn incredible and rare offering at Roaring Judy Ranch near Crested Butte, this spectacular 118 acre ranch property borders US Forest Service land and features stunning 100-mile mountain and valley views, all day Colorado sunshine and a beautiful mix of dark timber and aspen groves.Roaring Judy Ranch borders the protected Almont Triangle State Wildlife area, home to a variety of wildlife including big horn sheep, elk and deer.  Convenient yet private, from this central location it's just 18 miles down valley to Gunnison's jet served airport and 12 miles up valley to the historic mining town of Crested Butte and the ski resort. Nearby, the Jack's Cabin Cutoff road provides quick access to the public lands and world class fly fishing on the legendary Taylor R...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Hello from Crested Butte,   The scarcity is real around these parts. If you are shopping our market currently you are aware of the limited inventory situation. There are only 27 homes listed for sale throughout the Upper Valley marketplace ranging from the low end for a 1971-built house in Mt. Crested Butte listed at $1.575 million to the top of our market for a 9,169 SF mansion listed for just under $10 million at Skyland.   Right now, only 17 condos and townhouses are listed for sale ranging from the low end for a $162 thousand Grand Lodge condo-tel unit at the ski resort to a brand new duplex unit located in the town of Crested Butte listed for sale at $2.685 million. I believe this is the first time in our history we have more homes than condos on the market.   Year-to-date we've w...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Clients: "We know it's a long shot because it's not on the market but we really liked it when it last sold in 2020 so please try and make it happen".Me: "Hold my 🍺".Just sold this beauty on Rainbow Park...a perfect location for this young family of five to live year round in Crested Butte. Deets: 825 Elk Avenue, 5 🛌 6 🛀 3,188 SF, $5.1MM.#crestedbutterealestate#livsothebys#livsothebysrealty#sothebysrealty#luxurylifestyle#mountainlife#crestedbutte
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Sold it at Aperture this week! Lot 4 is the future home of another amazing home from Midtown Mountain. This primo location enjoys mountain views, solar gain, quick access to the Slate River and it’s only a 7 minute townie ride to Kochevar’s! Yes I timed myself. A new, private residential neighborhood in Crested Butte, Colorado. Only 23 homesites exist at Aperture. The Slate River meanders through the backyard.  This spot enjoys magnificent views of the Paradise Divide, Mt Crested Butte and across the Upper East River Valley. Aperture is the only place where you can enjoy the best of mountain living with the convenience of being located just steps from Crested Butte’s historic downtown. Sale Price: $1,255,000 https://crested-butte-real-estate.com/sold-at-aperture-in-crested-butte/
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Excited to promote this amazing historic hotel listing in Crested Butte!Visit the Listing Site for DetailsAn iconic property located in the coveted historic west end of Town, this one of a kind Crested Butte hotel cannot be duplicated. At 10,391 SF, the property features 19 guest rooms, 22 bathrooms, a managers apartment, spacious common areas for guests, a large kitchen, a full bar, comfortable guest lounging and dining areas as well 2 lobby powder rooms. Beautifully renovated and very well maintained, the original locally sourced Douglas fir wood flooring was recently refinished and all of the guest accommodations are individually decorated. The third floor rooms include balconies with spectacular views of the ski resort and the surrounding mountains. The Elk Mountain Lodge is nestled...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Sold it in town! An absolutely incredible location in Crested Butte, 215 Butte borders the permanent conservation land on the north side of town. The home enjoys stunning views of the Paradise Divide mountains, Gothic Mountain, Mt. Crested Butte and the Upper Slate River valley. Honored and privileged to help both buyer and seller with this transaction. This sale is the all time high priced sale for the Town of Crested Butte. $4,606,000 See the video and photo gallery at this link:https://crested-butte-real-estate.com/homes_for_sale/215-butte-avenue/
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Sold it up at Red Mountain Ranch! You can literally see for miles from this spot high above the Upper East River valley. This 5,450 sf, 4 bedroom stunner includes a 755 sf garage and sits on a beautiful 35+ acre parcel at the western edge of the ranch community. It was an honor to bring both the seller and buyer together on such a special offering. Sale price: $3.25M.https://crested-butte-real-estate.com/home_status/significant-sale/
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
SOLD: Newly built mountain modern custom home at Buckhorn Ranch in Crested Butte. The 5 bedroom, 5 bath home features contemporary finishes throughout its unique and livable design. Highlights include a Sub-Zero-Wolf kitchen, a 4-panel multi-slide pocket door that opens the living room to the huge flagstone patio, and a wood-burning fireplace. Other highlights include dramatic steel beams and oak flooring throughout. The primary bedroom suite is conveniently located on the main level and enjoys a large walk in closet and a sunny bath.  There are two separate upstairs spaces. The first has three bedrooms, one with an en-suite bath, an additional shared bath and a comfortable living area. The fifth bedroom and bathroom is situated above the garage and connected via an outdoor upper deck o...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Unbelievable and something none of us expected, the 2020 real estate market in Crested Butte turned into our biggest year ever with total sales volume reaching $400 million. The last time the market behaved like this it was 2005. The ski resort sold the year prior and a new wave of people came to our valley and bet big on the future of Crested Butte. Then the financial meltdown in 2008 stopped everything. Fast forward to 2020. The year started flat. Q1 was fairly quiet with only $20 million in sales through March 1st. Folks were talking election year politics and the end of the bull market as reasons to hold off investing in Crested Butte real estate. Some people questioned the motives of Vail Resorts and if their presence as the new operator of the ski resort would cause our market and...
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By Channing Boucher, Crested Butte's Trusted Real Estate Advisor
(LIV Sotheby's International Realty)
Just sold it in Crested Butte. The sale represents the all time high price fetched in the town limits for a homesite beating the old record by $1 million.  .22 Acres. Sale price was $2,279,500. Learn More >The only remaining undeveloped homesite on Butte Avenue west of the footbridge and one of the very best locations in town, 305 Butte Avenue features dramatic and forever protected views of Red Lady, the Paradise Divide, Gothic Mountain, Whiterock Mountain, the top of Teocalli Mountain and Mt. Crested Butte. This highly coveted stretch of Butte Avenue in the northwest section of town is home for many of Crested Butte’s amazing properties. Bigger than typical Town homesites, this larger 9,375 sft. parcel gives you the proper amount of space to max out a new mountain home and provide roo...
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