Pleased to announce another successful real estate transaction here in beautiful Crested Butte Colorado. Today, I represented the purchaser of the property located at 215 Teocalli Avenue. Other than an excellent location in the historic west end of town, the furnished, 2300 sft, four bedroom home enjoys good solar gain and mountain views that will forever be protected. The new owner plans an extensive remodel of the 1993 built home.
This is the new norm in Crested Butte. With developable parcels drying up (less than 15 residential parcels listed currently), we are nearing build-out in the town limits. And, existing land offerings are selling at increasingly higher values. For example, located just around the corner from 215 Teocalli Ave, a homesite on Ruths Road sold for $1,025,000 earlier this summer. Saavy investors are turning their attention to older homes located in good locations and endeavoring remodel projects to bring the properties up to modern specs. The property sold in a cash deal for $1,085,000.