Crested Butte Colorado real estate for sale

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New Listing from Channing Boucher and Sotheby’s International Realty in Crested Butte

Tuesday, June 22nd, 2010

  Custom builder’s home for sale at Buckhorn Ranch in Crested Butte Colorado

Located just 5 minutes from downtown Crested Butte, 696 S. Avion was finished in 2008 and reflects the high quality and attention to detail of Crested Butte builder and home designer Ben Somrak.

From the reclaimed wood trusses to the exquisite iron work to the high end lighting and sound package, this mountain home is arguably one of the best newly constructed homes available on the market.

Featuring 3 bedrooms, 3 bathrooms, a media room and an oversized heated 2-car garage, this property will accommodate family and friends for years to come.

Offered Furnished at $900,000

View 360 Tour

 696 South Avion Property Specifications List

New Construction, recently completed in 2009

.14 Acre Lot

3 Bedrooms, 2.5 Bath

Media Room with 18 speakers

Oversized 680 Sq. Ft.  Heated 2 Car Garage with epoxy floor with two drains

Efficient design minimizes winter maintenance

Covered front entrance, encased in natural stone with stamped concrete walkways

Exterior siding consists of natural cedar, stucco, natural stone, and metal

Exterior themed to showcase rustic heritage blended with modern construction

Metal roof

360 Degree views of Upper East River Valley

Highly energy efficient, low heating and electric bills

Radiant in floor heat throughout

Etched, stained, and heated concrete first floor

Distressed saddle hickory flooring in great room, master, and kitchen

Stairs consist of hickory treads with Italian tile risers

Lower level laundry room/mudroom/garage entry with pocket door to conceal

2 gas fireplaces (great room and master) with glass faces to simulate an open fire place

Plush carpet in media room

Custom built gourmet kitchen with stainless appliances and double oven

High volume storage in kitchen cabinets

Gas cooktop with stainless range hood

Natural gas outlet on deck for gas grill

Low-E Double Pane windows by Semco

Covered timber framed deck off of great room

Hand forged, iron wrought railings

Natural native stone fireplace

Hand forged, custom light fixtures from Hubbarton

Flat Panel LCD above soaker tub in master bathroom

Two head, oversized steam shower with bench in Master Bath

Custom Bathroom vanities throughout

Knotty alder trim and high-end doors throughout, sealed with no-VOC sealants

Vaulted great room includes kitchen, dining and living areas

Reclaimed Elm Trusses from Michigan in the great room and media room

Reclaimed beams and ceiling adorn hallways and media room

Butcher Block island with black granite bar

Rainforest marble countertops in kitchen and master bath with his and her sinks

Full home audio/surround sound with volume control throughout house, including covered deck

Auxiliary port on island for media

Heat recovery ventilator

Flat panel TV in kitchen above refrigerator

Walk in closet in master bedroom with additional locking “owner’s closet”

Wall mounted swiveling LCD in media room with connections to computer

“Blu-motion” no-slam vanity and kitchen drawers throughout

Insulated roof up to R-77

Complete exterior insulation ensures zero thermal breaks

Illuminated key shelf in entry

Illuminated stairs throughout

Separate toilet room in master bathroom

Powder room

Monopoint wall spotlights

Highly efficient Lochnivar gas boiler/sidearm tank with 9 zones of radiant heat

Includes complete furniture package

Built in A/V shelves and beverage fridge in media room

Pantry in kitchen with switched opening

Private, end of the road location with protected views

Front yard is landscaped with native grasses, reclaimed fence, river rocks, several trees, boulders, and lilac bushes

Air switch garbage disposal

Hidden trash can with foot pedestal opener

High end kitchen hardware

Domestic Hot water return throughout home provides instant hot water

Linen closet in master bathroom

Country approved exterior down lighting

Mechanical room under stairs provides storage

Coveted West End Location in Crested Butte: 28 Gothic Avenue

Wednesday, June 2nd, 2010

Newly Listed in the Town of Crested Butte

View this Property for Sale on the Web

View the 360 Virtual Tour

28 Gothic is located in the quiet, mature west-end of historic Crested Butte only two blocks from Elk Avenue shopping, dining and the ski shuttle. The nordic ski trail system and the Lower Loop are only a few blocks away as well.

This Craftsman-style home was built in 1977. Recently, a very extensive renovation and remodel to the entire home occurred delivering this property to luxurious standards. The home features spacious living and dining areas, distressed wide-plank pine floors, big south-facing decks and a landscaped backyard and additional access via the private alley.

The large chef’s kitchen includes Pogoloff custom cabinets, Viking and Bosch appliances and gorgeous, granite slab counters.

The master suite features great views of Mt. Crested Butte and receives warm morning light through the south-facing windows. The junior suites enjoy unobstructed views of the Paradise Divide mountains and Gothic Mtn.

The large 3rd floor bonus loft includes a finished bathroom – great for guests and kids!

The attached garage keeps the vehicles dry and the custom boot room will keep the ski and bike gear where it belongs. The fireplace is grandfathered…enjoy a real wood-burning fire apre-ski style.

Square Footage Breakout:

Gross Living Area: 2715 sft
Basement: 324 sft
Attached Garage:  400 sft
Detached Garage: 150 sft
Covered Porch: 90 sft
3rd Story (loft): 311 sft

For a tour please contact:

Channing Boucher
970-596-3228

1st Quarter of 2010 Better Than Last Year, Boot Jack Ranch Sells for $46.5 million

Thursday, April 29th, 2010

View This Month’s Crested Butte Real Estate Insider News Issue #4 – 2010

Crested Butte real estate sales activity has picked up in 2010. In fact, twice as many homes, condos and townhomes have sold year-to-date compared to the 1st quarter of 2009.

41 properties have closed in 2010 versus 22 sales during the same time frame in 2009.

This represents over $18 million worth of Crested Butte real estate investment in 2010. Additionally, there are 18 properties under contract representing $11 million. Considering where we were last year at this time, these are promising numbers.

What is causing this uptick in deal making? For starters, the high inventory of available properties has forced prices downward. Last year at this time, the average sales price on a home was $506,000. Now, the average residential sales price is hovering around $433,000.

And, mortgage rates remain very attractive. Saavy buyers, some fearful of looming inflation in the U.S., are taking advantage of low interest rate, long term loans and scooping up some very nice real estate. Some of the best deals are located in Mt. Crested Butte right now. In particular, condos in and around the ski resort are selling. (45 sales since July 2009 and 16 so far this year).

In spite of the cheap money available to home buyers, it is interesting to note that of the 41 deals this year, half were “all-cash” transactions. I expect this trend to continue this year.

Last year, the majority of the $108 million in real estate deals we realized occurred in the last 5 months of the year. With the traditionally strong summer and fall selling seasons yet to begin in Crested Butte, the real estate market is on track to beat 2009’s performance.

In other Colorado real estate news, Telluride’s Sotheby’s office just closed what will go down as one of the biggest real estate deals in this state’s history. The Boot Jack Ranch in Pagosa Springs was sold this past week for $46.5 million to a Texas billionaire. The figure beats the $43 million paid by New York money manager Lewis A. Sanders for a 10-bedroom contemporary and guest house in Aspen last summer, a deal believed to set the U.S. record last year. Check out the photos from this amazing Colorado ranch property.The summer music season in Crested Butte is shaping up to be one of the best ever. The Crested Butte Music Festival just announced an awesome line up of summertime events.Follow this link to plan your summer vacation’s musical fun. New for this year is Crested Butte’s first ever bluegrass festival. The Bluegrass in Paradise Festival goes off July 6-8 and features the likes of musical greats: Drew Emmitt, Blue Highway, Bearfoot, Springcreek Bluegrass, Ralph Stanley and The Clinch Mountain Boys, Billy Nershi and Shannon Whitworth.

Finally, the Town of Crested Butte has put over 300 acres of Slate River valley land under contract. Known as the Kochevar Parcel, the Town of Crested Butte aims to lock up this huge chunk of prime Colorado dirt and manage it as recreational open space. The purchase price is $5.3 million.

The Town teamed up with the Crested Butte Land Trust and GOCO (Great Outdoors Colorado) and the Trust for Public Lands (TPL) – a national organization that is fronting the money for the purchase. Learn more at the Crested Butte News.Thanks for reading today!

Channing Boucher
Broker Associate

Contact Channing at 970-596-3228 or via his website.

Benson Sotheby’s International Realty | 433 Sixth Street | Crested Butte | CO | 81224

Crested Butte Real Estate Insider News – Winter 2010 Issue #1

Wednesday, February 3rd, 2010

View Newsletter Online

Hello from Crested Butte!

Will 2010 be remembered as the year of the price wars in Crested Butte real estate? 2009 saw decent real estate activity in our little resort community but that activity came at a price – no pun intended.

Of the 19 single family homes that sold in the town of Crested Butte last year, days on market was 371 and the average sales price was 74% of the original list price. Up in Mt. Crested Butte, 13 single family homes sold at an average of 69% of the original list price and it took an average of 433 days on the market to get those homes sold. There were 45+ condos sold in Mt. Crested Butte in 2009 at an average of 73% of their original list price.

For 2010, it looks like these price wars will continue.  With over 560 homes, condos and townhomes actively listed on the market in Mt Crested Butte, Crested Butte, Skyland and Crested Butte South, competition among sellers is fierce to say the least.

What does this mean for interested buyers? It’s time to deal. Read this NY Times article for more insight.

Interest rates on residential loans are still highly attractive, prices on real estate are way down from 2005-2006 highs and let’s face it, buying a hard asset like real estate, particulary “lifestyle” real estate like we have in Crested Butte, is a great investment option to the volatile stock and bond markets.

There are many very nice opportunities in our marketplace – in town, up on the ski mountain, out at Skyland and Buckhorn Ranch and down in Crested Butte South. Many of the properties on our market are now being offered for less that it would cost someone to buy the land and build new.

Upcoming Events in Crested Butte:

Race Across the Sky Leadville 100 Bike Race Film at Center for the Arts – Feb. 5, 2010

24th Annual Alley Loop Nordic Ski Marathon – February 6, 2010

Valentine’s Ski Clinic with Wendy Fisher, Crested Butte Mountain Resort – Feb. 13-15, 2010

Mardi Gras Parade & Gumbo Cook-Off, Crested Butte/Elk Avenue – February 16, 2010

19th Annual U.S. Extreme Freeskiing Championships, CBMR – Feb. 17-21, 2010

Crooked Still Concert Center for the Arts – Feb. 25, 2010

ArtWalk Evening, Studios & Galleries in Crested Butte & Mt. Crested Butte - Feb. 25, 2010

Thanks for reading today!

Channing Boucher

Broker Associate
Benson Sotheby’s International Realty
Local Knowledge Global Reach

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