Land · Active
Aspen, CO 81611
0 Baths
$5,500,000
Single Family
Property Type
4.5 acres
Lot Size
191421
MLS #
About This Property
One of Aspen's last remaining ski-in/ski-out estate opportunities, this exceptional 4.5-acre parcel is situated on the lower slopes of Buttermilk Mountain, offering a rare opportunity to create a significant new residence in a highly accessible Aspen location.
Far more than a vacant parcel, the property is now well into the planning and design process. The ownership team has engaged F&M Architects of Snowmass Village, an accomplished local architecture firm recognized for its thoughtful, site-responsive residential work throughout the Aspen area, together with an experienced team of civil engineers, landscape designers, land planners, and other consultants. The result is a comprehensive, site-specific development plan created expressly for this property.
The current design contemplates a residence of up to 5,750 square feet, with the potential for up to 8,250 square feet through the addition of a Transferable Development Right (TDR). Site Plan Review and Activity Envelope applications are scheduled for submission to Pitkin County in August 2026, with approvals anticipated in summer 2027 and a building permit targeted for January 2028.
For a buyer who wants to build rather than begin the lengthy planning process from scratch, this represents a compelling window of opportunity: acquire the land now and step into an established design and entitlement process with an experienced professional team already in place. The plans have been developed specifically for the site and can provide the foundation for taking the property through approvals and into construction.
As ownership continues to advance the project through entitlements, permitting, and ultimately construction, the offering is expected to transition from vacant land to a fully developed residential project, with pricing adjusted accordingly.
Ideally positioned between Aspen and Snowmass, the property offers ski-in/ski-out access on Buttermilk and convenient proximity to Aspen Highlands, Aspen Mountain, Snowmass Ski Area, and the amenities of Aspen.
An opportunity to buy into the vision today--before the vision becomes the finished home.
Buyer to independently verify all development potential, approvals, timelines, plans, and TDR requirements to their satisfaction.
275 days on market
Listed by Tyler Davis · Aspen Snowmass Sotheby's International Realty - Hyman Mall · (970) 925-6060
Property Details
| Property Type | Land |
| Sub Type | Single Family Residence |
| Status | Active |
| Subdivision | Buttermilk |
| MLS # | 191421 |
| Days on Market | 275 |
| Lot Size (Sq Ft) | 182,952 |
| Acres | 4.5 |
| Annual Taxes | $38,611 |
| Tax Year | 2024 |
| State | CO |
| County | Pitkin |
| Zoning | AR-10 |
| Water Source | Community |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 1/21/2026 |
Listed for sale Source: Aspen Glenwood MLS #191421 |
$5,500,000 +57.1% |
| 5/11/2025 |
Sold Source: Aspen Glenwood MLS #181150 |
$3,500,000 -11.4% |
| 5/11/2025 |
Price change Source: Aspen Glenwood MLS #181150 |
$3,950,000 -34.2% |
| 9/10/2023 |
Listed for sale Source: Aspen Glenwood MLS #181150 |
$6,000,000 |
Copyright 2026 Aspen Glenwood MLS. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable but is not guaranteed accurate by the MLS.
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