Impressive yet private, the home’s soaring windows and limestone walls compliment the property’s naturally beautiful surroundings, matching the captivating, rock cliff backdrop of Mt. Crested Butte.

The living spaces comprise over 7,800 square feet including a gorgeous living room and dining room, a library, a spacious home theatre featuring a 110 inch screen, a wine cellar, an exercise room and five fireplaces.

The home offers five bedrooms and eight bathrooms. Unique features include the three-floor luggage lift, reclaimed oak beamed ceilings and an authentic English pub bar.

The heated decks keep the mountain elements in check.

Architect designed and built by true craftsmen, the home was created with a variety of specially sourced materials from around the world.

A few of the highlights include limestone from Kansas, antique white oak beams and lumber recovered from old Pennsylvania warehouses, walnut harvested from a grove in Pennsylvania and locally produced chandeliers, sconces, handrails, grates and rods made from forged, black wrought iron.

Three antique Indian cooking pots were repurposed into a wash basin and bar sinks. A Chinese elm table was converted into a wash stand in the main powder room.

In the Master Suite, the chandelier from North Carolina was glazed to match wall sconces discovered in a Vermont antique store and the reconfigured rosewood bathroom vanity originates from Taiwan.  In the Master Sitting Room, the teak doors with iron spikes and an original painting from a Portuguese building built during the colonial occupation of India will certainly catch your eye.

The Library features an expansive oak and leather trimmed English library table (circa 1840), a dark oak bookcase with wild game carvings and an oak server with barley-twist legs that echoes the twisting frame of the bookcase.

The Copper John Parcel – 6th and Belleview Ave.
$3,000,000

In car racing, they call it the “pole position”. This is the largest, undeveloped, commercially zoned parcel left in the town limits of Crested Butte and it is arguably the best location in town for a variety of uses.

Highly visible and located at the entrance to town on Highway 135 aka 6th Street, every vehicle that comes to town or to the ski resort passes right by this parcel.

Zoned B2 and T1, developers have many choices regarding the highest and best use of this land.

Neighbors include the Center for the Arts, the Town Park, TrueValue, Clarks Market, the Majestic Theatre, LeBosquest Restaurant, Why Cook? Deli, the Florist, ACME liquors and Bubble Wrap.

The ski resort free shuttle stop is across the street!

Access points to the parcel from both Belleview Ave and Hwy 135 aka 6th Street.

Comprises a total of ten (10) town of Crested Butte commercial lots, .72 acres and 31,250 total sft.

Details:

.72 Acre Parcel
31,250 Total Sft.
B2 and T1 Zoning
2011 Taxes: $26,460

Happy Snow Day from Crested Butte,

If the real estate market momentum we realized in 2011 is any indication of what we can expect this year, 2012 will be a good year for the Crested Butte real estate market.

Consider the following:

In 2011, the single, highest residential real estate sale we realized in Crested Butte was $3.125 million. This sale marked the first time since June 2007 the $3 million threshold was cracked for a home purchase at this end of the Upper East River Valley.

Also in 2011, we realized over 220 sales of homes and condos from Crested Butte South to Mt. Crested Butte. This is a jump from 143 total sales in 2010. We passed $105 million in total sales volume – the first time we’ve done that since 2008. And, we hit this mark with mostly all cash investments!

During 2011, the average days on market for sold homes and condos sold went down and average sold prices and average sold prices per square foot went up in all areas including Crested Butte South, Crested Butte and Mt. Crested Butte. See my newsletter 2011 Issue #9 for details.

Already in 2012, we have realized a $4 million sale of a Sotheby’s listed home in the Prospect ski-in ski-out subdivision. Its been over 6 years since somebody has purchased a house in our market for $4 million or more. (2005 sale: $4.3 million Skyland home). This is momentum!

Teocalli Park and CBMR’s New Master Plan

The North Face lift with chairs? Two new ski lifts rising a total of 8000 feet to the top of something called Teocalli Park? CBMR has submitted a new master plan to the US Forest Service and its quite a departure from the Snodgrass Mountain expansion plan that was denied a few years back. Read the article at the Crested Butte News

Did You Know – “The Crested Buttes”

The East River Valley where Crested Butte is located was once used as a summer residence by Ute Native Americans. The Utes were quickly displaced when white explorers – beaver trappers and surveyors – first entered the valley. Captain John Gunnison, Gunnison County’s namesake, was one of the first explorers to find the valley. Crested Butte got it’s name from a geologist named Ferdinand Hayden who was on 1873 expedition surveying the Elk Mountains. From the top of what is now known as Teocalli Peak, Hayden referred to present day Crested Butte Mountain and Gothic Mountain as “the crested buttes.” 

Crested Butte In The Media

The San Francisco Chronicle ran a recent article about our little town. …“where every view seems to contain a snow-capped peak and ranchers still herd cattle on city streets – the American frontier is alive and well.” View Article

2011-2012 Air Service to Gunnison and Crested Butte

View Flight Schedule (PDF)

Thanks for reading today! We hope to see you in Crested Butte very soon!

Channing Boucher
Broker Associate
Benson Sotheby’s International Realty

The newly built home sits on Nicholson Lake and a 1.36 acre parcel in the coveted Alpine Meadows subdivision. It is just 3 miles to the Town of Crested Butte and 3 miles to the Crested Butte Mountain Resort ski lifts.

Out the door, it is only 200 yards to the Slate River Road trailhead and the National Forest. You can literally snowmobile, cross country ski, mountain bike and hike right out the front door straight into a outdoor paradise. The fishing and boating on Nicholson Lake is private to you and the other families that live at Alpine Meadows.The attention to detail in this beautiful Nicholson Lake home is remarkable.  And, the views of the lake and surrounding mountains will captivate you.  The home enjoys an open floor plan with 3,300 square feet of living space, radiant in-floor heat, Brazilian Cherry floors, a gourmet kitchen, and a wood-burning rock fireplace.

The gourmet kitchen is a chef’s dream.  Featuring a walk-in pantry, beautiful custom cabinetry, granite countertops and granite island, state-of-the-art appliances, a five-burner gas range, this kitchen will entertain friends and family alike for years to come.

The living spaces extend outside onto the 1,000 square foot western deck, a great spot to soak in the sunsets and mountain views of the Slate River Valley.

Upstairs you will find 3 bedrooms and 2 full bathrooms furnished with a good night’s sleep in mind.  The master suite features a Cal-King bed and a master bathroom with an oversized steam shower.  The south-facing windows bring the Colorado light into the home and frame the incredible views of Nicholson Lake and the surrounding Rocky Mountains.

Additionally, there is a spacious media room featuring vaulted ceilings and the office/den includes a functional wrap-around desk.

View Website and 360 Virtual Tour

Benson Sotheby’s International Realty and broker Channing Boucher are pleased to announce another fine real estate opportunity in Crested Butte Colorado. Just listed for sale is 120 Alpine Court. This home features a riverfront location with protected mountain and valley views! Built in 2006, the attention to detail is evident throughout this fine home.  Enjoy the close proximity to Town, the ski resort and the National Forest. Skyland residents benefit from private fishing rights and boating on Lake Grant but the best part is the private fishing on the Slate River right out your back door.

Home features include gorgeous wood and tile floors, in-floor radiant heat, custom wood trimmed ceilings, granite counter tops in the kitchen and baths, high end lighting and beautiful wood windows.

The mountain views from the living room and master suite are absolutely stunning.

The master suite offers a steam shower and a deep soak tub. The heated garage features a sink and custom storage solutions.
A must consideration at this offer price.

View this property’s web page at the Crested Butte Real Estate Guide

The narrative is changing in Crested Butte. This summer’s tourism season was a record breaker. Sales, lodging and restaurant tax collections were way up and the number of visitors to our valley spiked like the thermometer in Texas and Oklahoma.  Custom homes starting popping up out of the ground and one of the first spec homes we’ve seen in years is under contract before it is finished. Sales of existing homes climbed in all categories and certain locations and now folks are talking in terms of a real economic rebound in Crested Butte.

For portions of the Crested Butte real estate market, it is still very much a buyer’s market. Right now, home sites at Buckhorn Ranch (five minute drive to town) are selling for less than $50,000 and you can still buy condos near the ski slopes for less than $100,000. Down in Crested Butte South, vacant land is available at historically low prices. Heavily discounted, bank owned homes are still hitting the market and in most cases they are selling off quickly to happy investors. Overall, inventories of vacant land and condos in our valley are still pretty deep. This fact alone is contributing to the low price opportunities.

But, if you were waiting for the bottom of the market to jump on that special Mt. Crested Butte ski home, the rustic 4 bedroom place in town or even that hot foreclosure deal in Crested Butte South, I believe that day has come and gone.

2011 will be remembered as the year luxury real estate investment came to life again in Crested Butte.  Year to date, 31 properties listed between $750,000 and $4,500,000 have sold or are under contract. 19 of these properties have sold at or above $1,000,000. The average sold price for these 31 deals is above $1.6 million and the average sold price per foot is pushing $500/psf.  

Year to date we’ve seen 162 residential sales and $77 million in real estate investment from Crested Butte South north to Mt. Crested Butte. Last year at this time we saw 143 residential sales amounting to $73 million in sales.

Consider the following previous year comparisons:

In 2010, 9 homes sold in Crested Butte South with an average sold price per foot of $133. Days on market for these homes: 300 days. This year, the number of Crested Butte South single family homes to sell has almost doubled  – currently 17 homes – and the average sold price per foot is $156. Average days on market: 210 days.

In 2010, homes that sold in the town limits of Crested Butte fetched an average price of $801,000 and $411 per square foot. Days on market: 280 days.  So far this year, homes in town are selling at an average price of $1.6 million and an average sold price per foot of $481. Days on market: 271 days.

Up in Mt. Crested Butte, only 12 homes sold in 2010. Average sales price was $640,000 and the average price per square foot was $216. This year, 19 homes have sold at an average price of $1,020,000 and an average price per square foot of $300.

The most interesting thing about all of this luxury real estate buying? Interest rates on home mortgages are still very low, yet, most of these luxury home deals are all cash transactions. Of the 162 sales year-to-date, almost 100 were cash transactions. My appraiser and mortgage broker friends are starving at a time while some of our little community’s all time biggest real estate transactions are occurring.  In 2010, the majority of real estate purchases were done with conventional mortgages.

Spec Home Goes Under Contract Prior to Completion

It seems like it’s been years since we’ve seen a new spec home going up around the valley.  Now, the community’s first under construction spec homes located in the Town of Crested Butte went under contract a few weeks ago. Asking price is just under $1.6 million.  

New Master Plan for Snodgrass?
(borrowed from CBMR’s recent newsletter)

This past year, the Forest Service asked CBMR to revise its Master Plan for the resort, including plans on Snodgrass Mountain. At that time, the Forest Service made it very clear that they would consider lower impact skiing on Snodgrass (such as cat skiing). They also believe there to be more development opportunities on the main mountain (such as lift service and new trails within the Teo Bowl drainage). Using this specific information, CBMR has decided to revise their Master Plan to now include projects on both the main mountain and Snodgrass.

Ski Season Starts in Crested Butte November 23!
View CBMR’s Website

2011-2012 Air Service to Gunnison and Crested Butte
View Flight Schedule (PDF)

Thanks for reading today! We hope to see you in Crested Butte very soon!

Channing Boucher
Broker Associate
Benson Sotheby’s International Realty

Summer Tourism Stronger
The Town of Crested Butte reports a notable increase in June and July sales tax revenues. Tax revenues from local restaurants, bars, grocery, retailers and lodging were up as much as 10% compared to 2010.

$60 Million and 136 Home and Condo Sales Year to Date
I reported in my last newsletter that our local real estate market was demonstrating signs of improvement this year, reaching a 100 home and condo sales from Crested Butte South to Mt. Crested Butte by mid-July. The sales trend continues. By Labor Day, our year-to-date transactions topped 136 homes and condos and $60 million in sales. The all-cash buying trend has also continued with 81 of this year’s 136 sales closing as “all-cash” transactions versus just 52 properties purchased with conventional home loans.

Notable Commercial Real Estate Sales
The 8881 sft. Crested Butte International Hostel and public laundry building located at 615 Teocalli just sold for $1.4 million.

Fall Colors. Crested Butte’s Third Season
Crested Butte is known worldwide for it’s amazing wildflower color spectacle that occurs every July. This year we were treated to a wildflower season that extended clear into August. But, some folks around here think September is the best time of year to be in Crested Butte and take in our amazing Fall color show. This time of year, the summer crowds are gone, the nights are cooler, the days are still sunny and warm for biking and trail hiking and the wildflower rich hillsides give way to the amazing array of brilliant color change with our Aspen and Cottonwood forests. Here is a helpful article on how to best take advantage of the changing leaves in and around Crested Butte.

Upcoming Events in September – September 24th – Vinotok Fall Celebration

Mumming by Cast and Crew

5:30 p.m. – 7:30 p.m. – Location: Elk Avenue and adjoining Restaurants and Pubs
Cast and Crew of Vinotok produces a mini-theatre inside Elk Avenue Restaurants to invite people to the performance of the trial.

Trial of the Grump

7:30 p.m. – Location: Elk Avenue in front of the Eldo

The community puts the Grump on trial with harvest maiden dances, and a play of the Harvest Mother, Dragon, Knight and Green Man. The performance is amplified and lit so the community can hear and see the tale on the temporary stage.

Procession to the 4-way and Bonfire

8:30 p.m. – Location: Elk Avenue to the 4-way

The cast and crew lead the community down Elk Avenue to the 4-way stop, Grump in tow, to meet his demise. The bonfire and burning of the Grump will begin at approximately 8:30 p.m. and put out by 10.

Thanks for reading today! We hope to see you in Crested Butte very soon!

Channing Boucher
Broker Associate
Benson Sotheby’s International Realty

Contact Channing at 970-596-3228 or via his website.
Channing’s Blog: The Crested Butte Real Estate Letter

433 Sixth Street | Crested Butte | CO | 81224

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