2016 Ski Resort Real Estate Report

Resort Report 2016 Year End

Want to understand where Crested Butte fits into the greater Western United States ski resort real estate market place? Have a review the Resort Report below where you will find interesting statistics and market comparisons.

Often found in desirable, slightly less accessible locations than national mainstream markets, resort communities are prone to unique, heavily saturated luxury markets. Higher net worth individuals are often drawn to these markets based on their exclusivity and proximity to year round recreation. While resort markets tend to have a greater density of luxury offerings, this is matched with less inventory, often driving prices up. LIV Sotheby’s International Realty compiles data from 12 prominent resort communities throughout the western half of the United States in order to provide pertinent market information regarding the overall housing market in each area to help consumers make informed buying and selling decisions.

Project of the Year in Crested Butte: 313 Sopris Avenue

BOZAR Project of the Year

On January 26, 2016 Crested Butte’s Board of Zoning and Architectural Review (BOZAR) held their annual Year End Review to consider the projects completed in 2016. Members of the BOZAR and Town staff reviewed a presentation of projects in the following categories: New Residential, Accessory Buildings, Accessory Dwellings, Residential Remodels and New Commercial. The Board considers the effective application of the design guidelines, the massing, site design, overall architecture and exterior materials in their consideration of all of the projects. The Board selected the most outstanding projects for 2016, honoring two projects with the prestigious Project of the Year Award. Several other project were awarded honorable mentions. This, as with each year, is a community effort and the BOZAR and Building Department Staff wish to thank the property owners together with the Building and Design Community for another successful year of construction in Crested Butte. The architectural uniqueness of Town owes a great deal to your hard work.

The Project of the Year for a rehabilitation to a historic home in 2016 was awarded to 313 Sopris, LLC and Jeff Hermanson, for the rehabilitation, addition and historic preservation work of the 1881 residential building located at 313 Sopris Avenue. The Board commended Priscila Palhava and Peter O’Rourke for the sensitivity of this unique historic structure and the attention to detail in the rehabilitation on the project as a whole was greatly appreciated. Each step along the way, O’Rourke and Palhava met with Town Staff and representatives from the Board to ensure that the path of rehabilitation was appropriate for this special building. Uncovering two different types of siding, maintaining as many of the historic windows as possible, the lower “cellar” door and returning to the East elevation entry were all examples of the details you all took to help this building preserve its unique character. This is an iconic building in Crested Butte, as it sits atop the hill on Sopris Avenue. According to the historic building survey, this building was built in 1881, as the Pioneer Apartment Hotel, and is one of the oldest in Crested Butte. Crested Butte founders, Howard Smith and George Holt, erected the building and the Spehar family acquired the building in 1926. This property is for sale. Learn more here >





Just Sold at Wildhorse at Prospect


Very pleased to announce another successful real estate transaction here in beautiful Crested Butte Colorado. Today, I sold the home located at 29 Appaloosa Road in Wildhorse at Prospect via buyer representation. The four bedroom, 3,500 sft ski home features a spacious bonus room on the lower level, views to the north of the mountains and easy access to the groomed ski slopes of Crested Butte Mountain Resort. This transaction marks my 8th home sale at this awesome luxury ski home community. The property sold for $775,000.

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National Geographic Recognizes Crested Butte

National Geographic Worlds Best Ski Towns

National Geographic named Crested Butte as one of the world’s top 25 ski towns and claimed we are the best option for families hoping to raise the next free skiing world champion! Funny but true!

Here is a tidbit from their article:
Like its Colorado siblings Aspen and Telluride, Crested Butte is a remote, high-elevation former mining town of historic buildings surrounded by spectacular scenery. Crested Butte, though, has a different, more counterculture character than its glossy counterparts—it’s funkier, saltier, more altimeter watch than Rolex. There are restaurants in back-alley log cabins and buildings sided with old license plates, and the free shuttle buses to the ski area are wildly painted by local artists. There are currently no chain stores, and with a population of only 1,487, shopping options may be limited. But that’s the point. You don’t come here to shop or be seen, you come here to ski and to revel in the surrounding Elk Mountains and one of the most eclectic, adventurous playgrounds in the Rockies.

National Geographic

Learn more about the World’s Best 25 Ski Towns here >>>

Just Sold at Prospect in Mt. Crested Butte


Pleased to announce another successful real estate sale here in beautiful Crested Butte Colorado. This week I represented the buyer on one of Prospect’s finest ski in ski out homesites: 107 Bear Scratch. From the large 1.45 acre parcel, the views of the North Face and Crested Butte’s extreme limits fill the southern skyline and the mountain and East River Valley views to the north will stop you in your ski tracks. Access to the ski slope and the Prospect ski lift is a snap from this homesite. The property sold for $350,000.

About Prospect at Mt. Crested Butte:
With magnificent views of towering peaks, rolling river valleys and unparalleled ski access, it is little wonder that the Prospect neighborhood is an excellent location to build your dream vacation home. This is a unique community tucked up against Mt. Crested Butte offering the best slope side access overlooking the majestic mountains. The Prospect community is the no-compromise choice for private ski-in, ski-out home sites in Crested Butte.

Sold: Prospect Ski In Ski Out Land

Sold: Prospect Ski In Ski Out Land

Just Listed in Town: 711 Teocalli Avenue

Dining and Kitchen

View this Exclusive Listing’s Website >
I just listed this craftsman style property located in the town of Crested Butte. The home is located mid-block on this peaceful stretch of Teocalli Ave in town. The 2,543 SF property enjoys mountain views, good sunlight and a big landscaped and treed yard for summer fun and privacy. Four bedrooms and the gracious open floor plan make this offering perfect for year ’round living or ski and summer vacationing with your friends and family! This parcel is bigger than most comprising three town lots. The detached garage features a bonus room above and the driveway off Teocalli can fit big vehicles. Other highlights include well appointed kitchen and baths, vaulted ceilings, an air lock front entry and a big hot tub out back. The furnishings are included. The home performs very well as a vacation rental too!

Family Room

Living Room


The Master Suite

Just Listed: Custom Adobe Straw Bale at Eagle Ridge Ranch

The Dining Room

Visit 111 Eagle Trail Drive Website >

Between Gunnison and Crested Butte, and set in one of Colorado’s most beautiful and photographed valleys, Eagle Ridge Ranch (ERR) is a rare blend of breathing space and community. Comprising 4,900 acres with conservation easement owned by only 15 lucky families, ERR is a working cattle-hay ranch balancing exceptional recreation opportunities and wildlife preservation. The home is where architect, artisan and builder united to create a stunning yet comfortable home worthy of its spectacular setting – 360-degree views that capture incredible sunny days, postcard sunsets and starry nights. This is an authentic western Colorado dream.

Architect Elizabeth Metz brought the seller’s vision of ranch aesthetics with sustainability to life, artfully combining a smart ranch house floor plan, replete with custom elements, natural materials and eco-friendly construction techniques. Of these, old world, straw-bale walls are the most prominent. Cool in the summer and warm in the winter, the result – Casa Tres Unos – is an authentic and environmental 6 bedroom / 4 ½ bath ranch home.

Kitchen Island Detail

Walking through the front door you’ll notice the massive 18” thick walls plastered with clay sourced from the property, giving a sense of organic warmth and comfort that carries throughout the home. The main hallway leads past beetle-kill pine wall treatments and the stairwell’s custom steps and forged hand rails into the family room, with adobe floors, plaster walls, a fireplace and saloon-style ceiling décor. Down the main hallway you’ll find the bar with custom concrete counter and motifs.

Pizza Oven and Kitchen Detail

Next is the kitchen, spaciously designed for functionality and entertainment. It is the heart of the home. It features a massive concrete island, wood-fired stone and plaster pizza oven, wide plank pecan floors and a stunning custom hood and backsplash with “The Castles” motif, the valley’s landmark geological formation. The kitchen also leads to both outdoor living areas – to the East a small flagstone patio for sunrise hot tubs, and to the West a large terrace for dinners and sunsets over Mill Creek and the Anthracites.

The kitchen flows into a large but warmly inviting living and dining room highlighting exposed wood beams, a floor-to-ceiling rock fireplace, deep interior windowsills and postcard views of nearby pastures and up-valley mountains. Ceilings are tall but not cathedral, adding to the warmth and coziness. Just off the living room, you’ll find the master suite wing with adobe floors, beautifully plastered walls and more of those gorgeous wood beams.

Master Suite

The upstairs floor plan features two bedrooms and full bathrooms, more pecan wood flooring accompanied by cork floors, wainscoting detail and ceilings in tongue-and-groove. The big bonus room is currently set up for pool night and music but could easily function as a fifth bedroom or large office. Other floor plan highlights include an office located off the kitchen and a three-car garage with a raised dog bath. There is ample closet and storage space throughout the home. Across from the garage, a 1,024 sf free-standing post and beam barn serves a variety of storage needs and could be converted to accommodate horses.

Living Room & Rock Fireplace

The home site is at the end of a road providing utmost privacy. Irrigation ditches wrap a good portion of the property, attracting wildlife – elk, deer, owls, eagles, hawks and sage grouse – and providing grazing pastures. The yard, fenced in for dogs, is low maintenance with native grasses and wild flowers. The property is prime for horses and yet is a short walk to the ERR equestrian center, for maximum convenience. With two structures built, the new owner may add another, such as an additional barn or guesthouse.

ERR is widely acknowledged as one of the best planned and managed shared-ownership ranches in Colorado, if not the West. 300+ acres per home site is extraordinarily large. A working ranch, it also boasts 2 ½ miles of Ohio Creek accessible for fishing and other recreation. ERR has developed 12 miles of trails for hiking, biking and cross-country skiing. The 2,500-acre “wilderness area” portion of the ranch sits high up towards and abuts with the 175,000-acre West Elk Wilderness. Here, ERR owners may hunt and otherwise explore some of the best wilderness areas that Colorado offers.

ERR is in a remarkable part of Colorado increasingly being discovered for its world-class recreation (skiing, fishing, hunting, horseback riding and mountain biking) and scenery (ranchland, mountain ranges, canyons, rivers, reservoirs, wildflowers, mesas and ghost mining towns).

The Gunnison Valley has witnessed over 10,000 years of human activity through its (now inactive) volcanic corridor, once the summer encampment of Ute Indian tribes and more recently, domain of the Spanish empire and disputed territory between the Mexican and Texan republics. This rich and diverse history comes to fruition upon discovering artifacts in our backyard, from Folsom point spearheads to century-old small-animal traps. Gunnison is an authentic ranch community while enjoying all the benefits of a college town, as it’s home to Western State Colorado University. Crested Butte and its world-class ski mountain are a 45-minute scenic drive from Casa Tres Unos. Over the summer and fall, an alternative route to Crested Butte, through Ohio Creek Valley, is accessible in which you drive past other conservation ranches, and through one of the world’s largest living organisms, an amazing aspen grove.

The home and its environs are a unique opportunity to own a piece of the “real deal” Colorado.

Learn More About Eagle Ridge Ranch >

Just Sold at Buckhorn Ranch


Very happy to announce another successful home sale at Buckhorn Ranch. I represented the purchasers of the offering located at 720 South Avion Drive. The four bedroom, 3,100 sft. home sold for $770,000. This is my second home sale over the past month at this developing Crested Butte community located about 8 minutes from downtown Crested Butte and 15 minutes to the ski resort. Click to View the 391 White Stallion Circle Sale >

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