Coldwell Banker Mountain Properties Winter 2022 Real Estate Guide by Coldwell Banker Mountain Properties

crested butte

real estate guide winter 2022

inside: affordable housing efforts increase page 20.

changes to elk ave page 23.

short term rental updates page 33.

there are over 50 mountain communities in the rocky mountain west

and one company that connects you to all of them you choose the mountain that’s best for you. we’ll help you find the broker that’s right for you. contact an agent and start your real estate journey

| WINTER PARK

table of contents 23 Changes to the Restaurant Scene On Elk—And Beyond

20 affordable housing

listings Global Luxury ________________________ 5 Town of Crested Butte _______________ 16 Town of Mount Crested Butte _________ 18 Rural Crested Butte _________________ 24 Crested Butte South _________________ 30 City of Gunnison ____________________ 34 Seasonal Properties _________________ 37 Commercial Real Estate ______________ 38

features

33 short term rental updates

Community Stats ____________________ 2 Area Map ___________________________ 3 Market Report ______________________ 15 Affordable Housing Efforts Increase Throughout the Valley _______ 20 Changes to the Restaurant Scene On Elk—And Beyond _________________23 Short Term Rental Updates ____________33 Meet our Brokers ___________________ 42 Event Guide ________________________ 49

 (970) 349-5007  215 Elk Ave  www.crestedbutte.realestate

crested butte

community stats 234”

26°

average snowfall per year

avg. high temp during january (coldest month)

average sales price

single family homes

75°

750

avg. high temp during july (warmest month)

average sales price

condos + townhomes

Crested Butte

$2,481,857

Crested Butte

$624,622

Mt. Crested Butte

$2,288,735

Mt. Crested Butte

$639,121

CB South

$1,145,953

CB South

$684,222

year round

current

population

build out Crested Butte

821 Resid. Lots 737 Developed

Mt. Crested Butte

917 Resid. Lots 589 Developed

CB South

831 Resid. Lots 464 Developed

Crested Butte

1,600

Mt. Crested Butte

850

CB South

1,300

Gunnison County

17,000

Crested Butte School

793

peak

area

elevation

miles of mountain bike trails

skiing

Crested Butte

8,885

Vertical Rise

3,062 ft

Mt. Crested Butte

9,375

Total Skiable Area

1,547 acres

CB South

8,515

Extreme Terrain

542 acres

Gunnison

7,703

Groomed Nordic Trails

34+ miles

www.crestedbutte.realestate

Crested butte

Mt. Baldy 12,085

area map

Avery Peak 12,654 Gothic Mountain 13,625

Maroon Bells - Snowmass Wilderness Area

gothic

pittsburg

White Rock Mountain 13,918

Raggeds Wilderness

317

rR oa

Teocalli Mountain 13,208

MERIDIAN LAKE prospect

PRISTINE POINT

Gunnison National Forest

gold link

MT. CRESTED BUTTE

smith hill ranches

summit overlook

alpine meadows

TOWN OF CRESTED BUTTE

Mt. Emmons 12,392

Ke b l e r P a s

aperture silver sage

trappers crossing crested butte

Red Lady Basin

irwin

Crested Butte Mountain 12,162

river green

TRAPPERS CROSSING AT WILDCAT

whetstone vista

buckhorn ranch crested butte meadows

larkspur

whetstone mountain ranches

135

the ridge

east river ranches hidden river ranch

Mt. Axtell 12,055

West Elk Wilderness

Double Top Mountain 12,172

skyland

riverbend

crested butte highlands

CRESTED BUTTE SOUTH

allen homesites

Whetstone Mountain 12,516 Ohio Peak 12,271 star mountain ranch

Cement Mountain 12,200 Carbon Peak 12,080

red mountain ranch

Red Mountain 11,653

RURAL CRESTED BUTTE

danni ranch

roaring judy ranch

MAP KEY SKI AREA

135

NORDIC SKI AREA GOLF COURSE AIRPORT / AIRSTRIP

to gunnison

artist depiction - map not to scale

A global leader in LUXURY real estate.

The Coldwell Banker Global Luxury program redefines the world of luxury real estate. Bespoke marketing strategies and one of real estate’s most robust global networks creates extraordinary representation for your property. Our Luxury Property Specialists, many of whom rank among the top luxury real estate agents in the world, have a track record of representing some of the most significant properties of all time. Your luxury is our legacy.

GLOBAL LU XURY

991 County Road 738 | Whetstone Vista Brush Creek Road Featuring what could be considered the best view towards Paradise Divide and the upper Slate River valley, the house sits elevated overlooking the Robert Trent Jones golf course, its 5th green and west over the entire 6th fairway. Sitting in the living room or dining room, the valley opens and displays magnificent sunsets each evening over Mt Emmons and beyond. The open floor plan provides a spacious area comprising the kitchen and dining area. The living room, a few steps above, overlooks the dining room and kitchen. Prepare your cocktails in the living room wet bar while taking in the views and step out onto the covered deck. For those wishing to work at home, a large office is perfect for all of your business needs. The master bedroom, with steam shower and whirlpool is located on the living room level. Four additional bedrooms(one being a second master) are on the lower level. With the western orientation of the house, there is not a disappointing view from any room. Located just a minute from the golf course, 5 minutes to the Town of Crested Butte and 10 minutes to the ski area, this home offers all that you would want readily accessible to you in Crested Butte.

$4,500,000 5 Bedrooms | 4 ½ Baths | 5,200 Square Feet | 2.59 Acres MLS# 785420

GLOBAL LU XURY

214 Gothic avenue | crested butte Crested Butte’s newest custom built home in the coveted West Side of town on Gothic Ave, a non-thru street two blocks from downtown Elk Ave. This four bedroom, four & half bath home was designed by Dan Murphy and built by Josh Jackson and Cedar Ridge construction using the finest local craftsmen. The same group that were both awarded 2018 project of the year honorable mention for a new residential building by BOZAR in 2018 for building 222 Gothic. The highest quality materials and unwavering attention to detail make this home stand above the rest. Features include mixed hardwood flooring, handcrafted wood trusses, hand forged iron work, natural stone countertops, top of the line fixtures, custom made cabinetry, and high end Thermador appliances. Property includes a two car detached garage with a 500 sq ft beautifully appointed and designed ADU unit above it with alley parking. The lot is fully landscaped and the adjacent owner bought the lot in between to insure it wouldn’t get developed. This home is wired for security and smart functions by award winning King Systems.

$4,150,000 5 Bedrooms | 4 ½ Baths | 2,508 Square Feet | .14 Acres MLS#785564

www.crestedbutte.realestate

GLOBAL LU XURY

11 Butte Avenue | Crested Butte This exceptional home is a stunning light filled sanctuary in one of the most coveted locations in town. Soak in panoramic views of Paradise Divide from the large covered deck; or stroll down the stairs to your secluded back yard patio. You will feel immediately at home when you enter this timeless space. Walk up the custom steel and walnut staircase to the open concept living/ kitchen/dining. The custom bamboo cabinetry in the kitchen and bathrooms is thoughtfully designed with the best quality hardware and topped with beautiful Soapstone countertops. Your appliances are all top of the line: Viking, Wolf, Miele, Bosch. The two-car heated tandem garage is spacious and includes extra storage space for all your toys. And if you don’t need that second car garage spot, you could easily turn it into a bunkroom, home gym, or all of the above. Built by true craftsmen, the house is beautifully constructed and energy efficient (HERS = 26). You will be amazed at how well it maintains heat in the winter and stays cool in the summer. It boasts radiant heat throughout, a whole house humidifier and HRV. The multitude of windows and doors are top of the line Loewen. This house was constructed to be low maintenance and easy to lock and leave. You can feel good knowing your newly upgraded (2020) 9.9kW solar system is providing all the electricity you need, even while charging your electric car in the garage. Your environmentally friendly Xeriscaped front and back yards will leave you breathless when they are in full bloom. You won’t want to leave, but when you do, ski out your back yard to access miles of Nordic trails. In the summer, you are steps from the entrance to the Lower Loop trail network. Leave your car tucked in the garage and walk or ride your Townie 4 blocks to Elk Avenue.

$3,550,000 2 Bedrooms | 2 ½ Baths | 1,722 Square Feet | .215 Acres MLS# 781071

GLOBAL LU XURY

3 copper lane | mt. Crested Butte Welcome to your personal resort! This ski in, ski out home is what you would design if you could build your dream mountain home, but you can enjoy the prestige of owning it now. And this home has been built to last! With a 200 lb-per-square-foot snow load cedar shake roof, the heated porcelain tile that will hold up to all your ski boots and outdoor gear, and decks made of Weyerhaeuser Composite materials, this home is almost unmatched in build quality and keeps maintenance costs low. Built in 1998 with the future in mind, this home comes with fully integrated smart home hardware. You can turn on lights, control the climate, and even play some music, all from your smart phone or tablet, and from anywhere in the world! For the original builder, privacy was paramount. From the street, you almost wouldn’t be able to tell a home is here, with beautiful aspens lining the front and sides of the property. This choice location is adjacent to the mountain ski area on one side, open space on another, and a vacant property owned by the neighbors on another side. Entering through the large glass double front doors, you are welcomed with a gorgeous living space with waterfall feature over the custom stoneclad, wood burning fireplace with gas starter, high vaulted ceilings, and huge windows to take advantage of the 360-degree views. Head downstairs to the theater room complete with HD projector and 123” screen. To the right and down the hall are three more guest rooms, two with en-suite bath, another full bathroom, a very large storeroom or gym space, a game closet, and a laundry room with ample workspace. For the fortunate buyer, this is sure to be a favorite sanctuary for you to entertain and create memories with your family and friends for years to come.

$3,300,000

4 Bedrooms | 4 ½ Baths | 4,194 Square Feet | .50 Acres MLS#787047

www.crestedbutte.realestate

GLOBAL LU XURY

863 ridge road | skyland Majestic Mountain Home - A one of a kind large Luxury Home in Skyland. This mountain modern home is nestled in the aspen trees bordering 40,000+ acres of National Forest - enjoy the serenity and benefit of this (free) land, and the spectacular views of the Robert Trent Jones designed golf course below and surrounding mountain peaks. You will appreciate this quality design and finishes in this 5 bedroom, 5.5 bath home with a formal living and dining room, and a family room, plus a 3 car garage. The house is a modern neo classical design, including a fabulous floating spiral staircase, 4 way barrel vault, and architectural details not found in many homes. The beautiful master suite has a large walk-in closet. The master bath includes a fireplace, and a corner jet tub with awesome views. Additional rooms include a bonus Rec Room, Office, and spacious outdoor living areas. If you are considering a large mountain home in Crested Butte close to the country club, golf and tennis and private fishing at Grant Lake and the Slate River. Only 6 miles to the resort base area with annual snowfall average of over 18 feet of snow! This may be the Crested Butte home for you!

$2,869,000 5 Bedrooms | 5 ½ Baths | 6,940 Square Feet | 1.27 Acres MLS# 785611

GLOBAL LU XURY

21759 Highway 135 | Rural Crested Butte Riverfront At Its Best! Located on the Slate River only 6 minutes from downtown Crested Butte, this handcrafted home has the picture-perfect riverfront location. Cozy up with friends and family near the fire pit/gathering area and enjoy the soothing sounds of the river and beautiful river views in a quiet park-like setting at water’s edge. This custom log frame home has handcrafted doors and cabinets that complete the quintessential mountain home feel. An oversized two car garage and lower guest apartment adds to the overall amenities. Step out of the great room onto a covered porch complete with an inviting gas fireplace and more river viewing. This property is a one of a kind that combines mountain living with a beautiful stretch of the Slate River, and an additional ¼ mile of fishing rights.

$2,650,000 4 Bedrooms | 4 ½ Baths | 4,152 Square Feet | 2.3 Acres MLS# 784784

www.crestedbutte.realestate

GLOBAL LU XURY

25 Cinnamon Mountain Road | Mt. Crested Butte You will love this spacious, seven bedroom custom Mt. Crested Butte luxury home. This could be your Crested Butte retreat. The home includes an apartment and provides opportunities for many buyers – second home for one or two families, permanent residence, investment opportunity for short and long-term rental options. Mt. CB STR Business License Approved. Excellent Short-Term Rental income, and quality long-renter in apartment. The home was designed by local architect Kent Cowherd and has a large open living area, vaulted ceilings with exposed beams, large view windows, bedrooms with en-suite full bathrooms, fireplace in the living area, media room, sauna, and an elevator. This home has quality finishes throughout with high-end appliances, granite countertops, hardwood floors, in-floor radiant heat, heated garage, and more. The home is offered partially furnished. Close proximity to the base area and short walk to the Rec Path and the Mountain Express Bus service at the corner of Cinnamon Mountain Road & Gothic Road. With 7 bedrooms, and 6 full baths, 4 half baths, and 2 kitchens - this home represents a great value for the discerning buyer – a must see!

$2,590,000 7 Bedrooms | 6 Full 4 Half Baths | 4,935 Square Feet | .53 Acres MLS# 787371

GLOBAL LU XURY

26 Cinnamon Mountain Road | Mt. Crested Butte This elegant home features an open living concept, and boasts expansive mountain views of Whetstone Mountain, Mt. Emmons, Oh-Be-Joyful, Gothic, The Elk Mountains, as well as Crested Butte Mountain, with decks to capture the views. The elevated site allows views over and above the rest of the neighbors. Soaring ceilings and massive windows bring the mountain views right into your living area. A total renovation and expansion completed in 2010, gutted the house down to the studs, and added new windows, plumbing, electrical wiring, drywall, siding, decks, and an elegant new kitchen, with maple cabinetry, and views of Crested Butte Mountain, and a wired speaker system for sound throughout the house and on the decks. There are many custom built features within the home. Featuring 4 bedrooms, 4 bathrooms, and an office and hobby room/workshop in the main house. Enjoy the view of Crested Butte Mountain from the jetted tub in the master bathroom. Relax and unwind in the hot tub on the deck, or enjoy coffee and breakfast on the east facing deck, and afternoon beverages on the southwest facing deck. The attached one bedroom apartment has it’s own entryway and it’s own washer and dryer. It is NOT deed restricted. It can be used for guests, rental, or could be combined into the main house. You will be wrapped in sunlight and embraced by mountains from sunrise over the peak of Crested Butte Mountain, to sunset over Oh-Be-Joyful. This home is well located in Mt. Crested Butte. Ample parking and easy access driveway. This home is a must see and ready for you to enjoy as your new mountain home.

$1,995,000 5 Bedrooms | 5 Baths | 4,717 Square Feet | .44 Acres MLS# 775428

www.crestedbutte.realestate

GLOBAL LU XURY

229 Kubler Street | Crested Butte South You will love this home overlooking the East River - close your eyes and listen to the sound of the water, then open them from the new expanded deck of this beautiful home and see the panoramic views of the East River and surrounding mountain peaks. This four bedroom, four bath home is located in the exclusive River Rim neighborhood. Remodeled work done by Hargrove and Kidd in 2017 includes expanding the upstairs living space, enhanced entryway with slate floor, reclaimed timbers in the main living area, stone fireplace, updated surfaces in kitchen, new appliances, repainting the interior and exterior of home, exterior hot tub, and new landscaping. This is a high quality home with gourmet kitchen, large main living area, In-floor heat plus a wood burning fireplace in the great room, vaulted ceilings and hard wood floors throughout.

$1,645,000 4 Bedrooms | 4 Baths | 2,900 Square Feet | .5 Acres MLS# 788762

GLOBAL LU XURY

76 County Road 740 | Rural Crested Butte RIVER FRONT on the East River. Fishing Rights. NO COVENANTS. This is a special sanctuary setting. You’ll enjoy the peace and tranquility. You’ll love the warm and comfortable home, and it will love you back. Great mountain views. The home is situated overlooking the East River, with a deck and patio that capture the magic of the river and views of Crested Butte Mountain and Paradise Divide. Fenced back yard area, but the property extends beyond the fence with room for horses. No covenants. No restrictions. VRBO ok, subject to addition completion or removal. Plenty of room for expansion. Please take time to see this special property. So close, yet so private. New environmentally friendly hardwood bamboo floors and many more recent upgrades. This property is all about the Location, Location, location.

$1,550,000 3 Bedrooms | 2 Baths | 2,120 Square Feet | 1.38 Acres MLS # 778383

www.crestedbutte.realestate

COLDWELL BANKER MOUNTAIN PROPERTIES

MARKET UPDATE ALMONT

100

CRESTED BUTTE

CRESTED BUTTE 80

MT. CRESTED BUTTE

number OF TRANSACTIONS BY AREA

RURAL CRESTED BUTTE

RURAL CB

CB SOUTH 40

ALMONT

MT. CRESTED BUTTE

CRESTED BUTTE SOUTH

DOLLAR VOLUME BY AREA

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ABOUT THE TOWN OF CRESTED BUTTE The Town of Crested Butte is the quintessential Colorado mountain town. Most of the town is a designated Historic District, with quaint Victorian style homes, a variety of shops and restaurants, and parks scattered throughout. Within the town limits you can easily walk or ride your bike to Elk Avenue stores & restaurants. The lots are usually 50×125 with a few exceptions, so to purchase something in Crested Butte is to have your neighbors close to you and somewhat limited views as compared with homes in the outlying areas. A free shuttle bus runs between Crested Butte and Mt. Crested Butte.

www.crestedbutte.realestate

QUICK FACTS: 8,885 feet ELEVATION

$2,425,000 average sales price: single family home

1,600 year round population

TOWN OF CRESTED BUTTE 6th Street

Incredible development opportunity in Crested Butte. Property consists of six town lots plus adjacent alleyway located on the busy sixth street corridor between Gothic and Maroon. Zoned B2 business zoning, this property offers a wide variety of uses including some business/residential combinations. The level easy to build property will be located close to the new sixth street station and foothills development making it a prime location for heavy visitor traffic. Situated across from Gothic Field, it has preserved open space and unobstructed views. Please call for more details.

$2,500,000 .43 ACRES | MLS# 777798

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town of mount ABOUT town of mt. CRESTED BUTTE Mt. Crested Butte is located two miles from town and is the home of Crested Butte Mountain ski resort. The base area boasts a number of shops and restaurants. There is also a year-round zipline course, mini golf course and kids adventure park. Buses and shuttles provide access to downtown Crested Butte and outlying areas. Mt. Crested Butte has many beautiful homes and homesites, and is also home to the majority of the condos in the valley. When considering a condo purchase, look at proximity to the slopes, amenities available in the complex and the association dues. The newest development is Prospect, a ski-in, ski-out area of 1-acre homesites.

www.crestedbutte.realestate

QUICK FACTS: 9,375 feet ELEVATION

$2,288,735 average sales price: single family home

850 year round population

MT. CRESTED BUTTE 20 Snowfall Drive 6B

Perched on a private street just off Gothic Road above Pitchfork, this condo offers amazing views of the mountains and valley below. You will enjoy relaxing on the open main level with an updated kitchen, wood -burning fireplace and nice deck to take in the view. The master suite is also on this level and provides a relaxing retreat. With many updates and tasteful furniture, this condo should be considered!

$820,000 3 BD | 2 BA | 1,234 S.F. | MLS# 788089

Grand Lodge

The Grand Lodge, located a short walk to skiing offers 24 hour front desk, concierge, restaurant & deli, indoor/outdoor pool, hot tub, fitness center, full service spa and ski/bike valet service.

UNIT 107 | $169,000

1 Bedroom | 1 Bathroom | 395 Square Feet | MLS# 788857

UNIT 255 | $169,000

1 Bedroom | 1 Bathroom | 443 Square Feet | MLS# 788859

UNIT 519 | $169,000

1 Bedroom | 1 Bathroom | 395 Square Feet | MLS #788858

21 Walking Deer Lane

Amazing sloping lot that is a short walk to the prospect lift and overlooking the East River Valley. This lot was hand picked by Pike Builders for a spec home because of the great southern exposure and draw dropping views of the Elk Mtn. Range, Gothic Peak and the East River. Prospect Subdivision has arguably the most beautiful homes in the entire Gunnison County and this lot is one of the best in the whole development.

$1,000,000 .80 Acres | MLS# 785032

708 Gothic Road

Multifamily lot with amazing views of Mt Crested Butte ski area. There is an easy walk to the lifts, or the bus can pick you up out your newly built front door. You can build 4-5 units in this location. Small lot with a ton of potential!

$375,000 .23 Acres | MLS# 785835

affordable housing efforts increase throughout the valley By Katherine Nettles

A rendering of the town of Crested Butte’s Sixth and Butte Affordable Housing Master Plan (Caddis Collaborative, Boulder, CO).

The days of cheap housing for seasonal workers are a thing of the past. As businesses struggle to find employees to hire, the biggest issue is now affordable housing. Local municipalities, Gunnison County and organizations like the Valley Housing Fund and Gunnison Valley Regional Housing Authority (GVRHA) have worked together in the past year to create more employee housing for local workers, including both rentals and ownership options. Some deed restrictions are based only on income levels while others are based on employment within the valley to ensure local workers are benefitting. Others are creating ways to contribute to the effort through private/public partnership.

New “Good Deed Housing” program The “Good Deed Housing Program,” which has been used successfully in both Vail and Summit County to create affordable housing, is set to start in Crested Butte in 2022.

www.crestedbutte.realestate

This program will pay property owners between 10 and 15 percent of their property’s value to place a deed restriction. In order to qualify for deed restriction you must prove residential occupancy and that 80 percent of your income is earned within the valley. Deed restrictions will be tied to the property in perpetuity and will transfer with all future sales. This program covers the geographic area between Gunnison and Mt. Crested Butte—Crested Butte has agreed to contribute $100,000, and Mt. Crested Butte considering $100,000 contribution.

Crested Butte Sixth & Butte/Paradise Park The town is also planning for a new affordable housing project on the corner of Sixth and Butte, as well as finishing construction on the Paradise Park lots designated for affordable housing. The projects will be managed together and will provide between 70 and 74 units combined, with approximately 60 percent rentals and the remainder for ownership. A Request for Proposals went out in November 2021, and the goal is to begin construction next summer.

Below: A rendering of the town of Crested Butte’s Sixth and Butte Affordable Housing Master Plan. Bottom: An illustrative Sketch Plan of the Slate River Subdivision. (Caddis Collaborative, Boulder, CO).

Snow Storage BBQ Area

7.5’ Side Yard

Bike Shelter Bike Racks Trash Enclosures Storage Shed Rooftop Solar BBQ Area Bike Racks Snow/Summer Toy Storage

hic

Gravel On-Street Parking

Mt. Crested Butte Community Housing Fund The Community Housing Fund is a new, privately funded program for individual tax-deductible donations that supports affordable housing initiatives. It was developed with the Community Foundation of the Gunnison Valley. To learn more or to donate visit bit.ly/DonateMTCB.

20’ Fro nt Yar

10’ Rear Yard

7.5’ Side Yard

No new sales/property taxes A ballot issue containing two tax increases to generate funding for affordable housing failed to pass in the November 2021 election. The “Community Housing Tax” would have added a new $2,500 annual tax on vacation homes not occupied for at least six consecutive months per year failed with local residents. That ballot issue also included a .5 percent sales tax increase within town limits.

Got

The former Ruby B&B The town of Crested Butte purchased the former Ruby Bed and Breakfast in summer 2021 for $2.3 million and has converted the 3,300 square foot space to a six bedroom affordable housing site for local workers. The building has a communal living area and kitchen, five single bedrooms and one three bedroom suite, each with private bathrooms. GVRHA is managing the building, and rent is $500 per month per bed and includes most utilities.

20’ Front Yard

Butte Ave

Sixth & Butte Housing Study: Final Site Plan 0

Town of Crested Butte Crested Butte, Colorado

Homestead Subdivision The Homestead Subdivision will provide 22 affordable housing units—the GVRHA held a lottery in June 2020 for pre-qualified applicants, and 20 units were claimed and purchased. These units were initially scheduled for completion by the end of 2021, but new projections are for summer 2022, due to design changes and material and labor delays and shortages. Long-term rentals in Elevation and Grand Lodge The town of Mount Crested Butte has agreed to allow the Elevation Hotel and the Grand Lodge to provide longterm rentals for Gunnison Valley employees for a two-year period. After this time, the agreement may be revisited between all parties if a need still exists. Permit process expedited The building department is giving priority to affordable housing development applications to incentivize developers.

South of Crested Butte Whetstone parcel Gunnison County is currently in a design process to develop an affordable housing project at the 14-acre Whetstone parcel across Highway 135 from Brush Creek Road. Initial

plans call for 180 to 200 units, varying in ownership and in size. The county’s goal is to begin construction in 2023. Paintbrush Located in Gunnison, the Paintbrush Apartments offer 69 of 77 units as deed restricted rentals available to various income levels. To apply you must be employed within Gunnison County. This initiative is underway, and applications are currently being accepted. To learn more or get involved with the GVRHA, the Community Foundation or the Valley Housing Fund, visit gvrha.org, cfgv.org or valleyhousingfund.org

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changes to the restaurant scene on elk—and beyond By Katherine Nettles

One constant is change in the restaurant business, and while that holds true in Crested Butte, long-established restaurants that have been in flux over the past year due to COVID and a general workforce shortage are preparing for a stable landing. As buildings and businesses have changed hands, some big players have joined the table and some true gems, like the Breadery, have emerged. Other mainstays have remained steady or even expanded, while some are on hiatus.

Hermanson began investing more heavily in Crested Butte and surrounding areas recently, having recommitted to living here full time and even enrolled his daughter in the local school. His recent purchases include the Breadery building, The Last Steep, Montanya’s former building, the Brick Oven, and there have discussions about him partnering with the Club at Crested Butte. Hermanson told the Crested Butte News in a recent interview that he is happy with the Breadery and the Last Steep as they are currently, and is looking for a good fit for the former Montanya’s building that is now unoccupied. He also has a large parcel of undeveloped land in Gunnison and has gotten involved with local non-profit farming organization Mountain Roots. “I would like to make a difference in workforce housing, in curating local restaurants, in reducing food insecurity and in raising my daughter in a wonderful place,” he told editor Mark Reaman.

out-of-town billionaire buys up buildings Chicago-based billionaire Mark Walter—best known as an investment banker and owner of the Los Angeles Dodgers—recently purchased six commercial properties that include restaurants such as the Princess Wine Bar, Elk Avenue Prime, The Wooden Nickel and the Almont Resort. Walter also owns the Forest Queen building along Elk Avenue, an undeveloped lot to the north of the town called Sixth Street Station, an undeveloped lot along Cement Creek Road and the Grubstake building on Elk Ave., in which the T Bar and other shops operate. While Walter is a notoriously quiet investor and has not come forward with any plans for his acquisitions, he has continued operation of Elk Avenue Prime, The Wooden Nickel, The Princess Bar and kept many of the shops in place. Walter and his wife are also known to have a home near Mt. Crested Butte.

Local investor expands ownership A second investor, Jeff Hermanson, has also been acquiring several properties in Crested Butte. Hermanson is no stranger to restaurant ownership or Crested Butte. He opened the Slogar in its original form in 1976, purchased the Artichoke at the base area in 1979, and was a partner in Soupcon for a number of years. He then acquired and transformed Larimer Square, a charismatic commercial area filled with popular restaurants and boutique shops. He followed that with a similar feat in Denver’s Union Station, which has been refurbished and rejuvenated to an awardwinning level. Hermanson has always returned to Crested Butte regularly over the past several decades, also founding the Crested Butte Wine and Food Festival.

other updates Meanwhile, the former Lil’s Land and Sea restaurant that has sat idle for a few years is looking to be reopened by Ben Diem this winter. Diem is a partner in Bonez, and word has it the restaurant will be called Izakaya Cabin. Unfortunately, the Slogar will be closed until mid-winter or so. Montanya’s is opening in its new location (also on Elk) in mid-December and recently released a preview of a new, if paired down, menu. It’s an exciting time to observe the changes in Crested Butte, and with known and successful visionaries leading the way on commercial and restaurant endeavors, more exciting things might well be ahead.

ABOUT rural CRESTED BUTTE Rural Crested Butte encompasses a vast area surrounding town in all directions and is comprised of a variety of smaller communities. Each area has its own unique character – ranging from 35 acre ranchettes to subdivisions with more of a neighborhood feel. They vary in terms of lot size, access, amenities and homeowners association rules. Rural Crested Butte has something for everyone including the Robert Trent Jones championship golf course in Skyland, private airstrip at Buckhorn Ranch and world renowned fly-fishing at the Reserve on East River. With properties ranging from .17 acres to 70+ acres, this is a great area to explore.

www.crestedbutte.realestate

QUICK FACTS: 15 10+ acre subdivisions

12 <10 acre subdivisions

$2,080,138 average sales price: single family home

RURAL CRESTED BUTTE

Reserve on the East River A PRISTINE ROCKY MOUNTAIN RIVER. Aspen groves. Wildflower meadows. Mountain panoramas. A setting perfect for all types of outdoor recreation year-round: exceptional flyfishing, equestrian facilities, hiking, and cross country skiing. An exclusive development of 24 home sites nestled among 1,500 acres of mountain beauty. Approximately two miles of private access to the crystal clear East River. Full-time property management. A lodge for socializing. Miles of trails winding to adjacent national forest land. Convenient to skiing, golf, restaurants, and shopping in nearby Crested Butte. An opportunity to build a lifetime of memories. Unspoiled. Unforgettable. The Reserve on the East River.

770 Riverview Road 94 Golden Stone Drive 88 Caddis Drive 89 Caddis Drive 3078 Aspen Mountain Road 235 Lupine Drive

Riverwalk Homesite #1

MLS# 750463

35 Acres

$1,850,000

Riverwalk Homesite #3

MLS# 750462

35 Acres

$1,850,000

Riverwalk Homesite #5

MLS# 750460

35 Acres

$1,850,000

Riverwalk Homesite #6

MLS# 750464

35 Acres

$1,850,000

Mountain Homesite #19

MLS# 750373

35 Acres

$1,750,000

Mountain Homesite #16

MLS# 750374

35 Acres

$1,600,000

RURAL CRESTED BUTTE Pristine Point, Lot 18 This is a truly special property with a building site perched above the revered Long Lake. This exceptional 14.4 acre site has unobstructed views of Long Lake and adjoins National Forest in Pristine Point at Crested Butte. This is the only site available on Long Lake and the property line extends to the middle of it. The installed, private drive is approximately one mile long and gated. Build your dream home nestled in the trees to take advantage of the great views in all directions. Enjoy peace and solitude year round with access to all types of recreation right out your back door!

$1,595,000 14.4 Acres | MLS# 782403

Aspen Ridge at Lake Grant offers an unparalleled opportunity to live among the West Elk Mountains and their stunning natural beauty, while also residing in close proximity to amenities you might not expect from a small town at the end of the road. Amenities like a world-class golf course, a private lake, an iconic ski resort, a brand new Center for the Arts, a variety of restaurants and cafés, one of the nation’s most extensive trail systems, and much more. With only 12 lots available, and much of Crested Butte already built out, this is a rare opportunity. Likewise, Crested Butte is a rare town where boundless beauty and a one-of-a-kind community will make you rethink just how incredible home can be. Contact us today for more information and to schedule your private tour of Aspen Ridge! 1688 Skyland Drive 1625 Skyland Drive

Homesite S-193 Homesite S-195

www.crestedbutte.realestate

MLS# 776148 MLS# 776156

0.62 Acres 10.52 Acres

$1,095,000 $625,000

RURAL CRESTED BUTTE hidden mine Ranch Just 1 mile south of Crested Butte, Hidden Mine Ranch offers a unique opportunity for privacy and convenience. Lots in this gated subdivision offer spectacular views of Crested Butte mountain and the upper valley. Homeowners can use the old jeep trail to access to the old Buckley mining site and miles of trails. Enjoy wilderness adventure access to National Forest for backcountry skiing, snowmobiling, horseback riding, fishing, hiking and hunting. Hidden Mine Ranch owners also enjoy private fishing rights on the Slate River.

LOT 2 HIDDEN MINE WAY | $695,000 35 Acres | MLS# 774244

LOT 19 HIDDEN MINE WAY | $695,000 35 Acres | MLS# 774245

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RURAL CRESTED BUTTE County Road 738 Brush Creek Road

Overlooking the East River Valley above the Brush Creek Rd, this 2+acre hillside lot offers spectacular 50+/- mile views from Mt. Whetstone to beyond Almont. Fabulous sun exposure. This parcel is just 10 minutes from the Town of Crested Butte and less than 5 minutes from the Club at Crested Butte with their famous Trent Jones Golf Course. Installation of driveway, septic and well will be necessary. This lot has great potential for your home.

$895,000 2.03 Acres | MLS# 783141

1383 Lariat Road

Top of the world - and on the fence line of the National Forest with thousands of acres of wilderness beyond to explore. Spectacular views - this is the spot to build your dream home and start creating your lifetime of memories in the Crested Butte area. You will love the Danni Ranch amenities including the Private Fishing Rights on the East River, a stocked trout pond, a horse corral and stable - and the privacy of a gated community with only 19 homesites. Water well in place. You will appreciate the on-site ranch manager / caretaker. A must see.

$795,000 36.25 Acres | MLS# 783300

889 Meadows Road

Build your dream home on this secluded 35 acre parcel with direct access to National Forest for hunting, hiking, snowshoeing /back country skiing. Deer and Elk sightings are a common occurrence in this area. Spectacular views of surrounding mountains western orientation so the energy requirement and snow cover/removal are minimized. Your future dream home would be bright and sunny year round. Quiet setting with open views, mature aspens and abundant wildlife. The Crested Butte Meadows has of 17 homesites and provides summer and winter road maintenance. The drive to the Town of Crested Butte is approximately 20 minutes.

$785,000 35.61 Acres | MLS# 785712

www.crestedbutte.realestate

RURAL CRESTED BUTTE 525 Saddle Ridge Road

A premier piece of land in an unbelievable location. Saddle Ridge Ranch sits on the Gothic Corridor between the historic mining town of Crested Butte and the ski resort town of Mt. Crested Butte. Lot 7 is one of the premier lots in the subdivision with an elevated flat building site that provides unobstructed views of MT. CB to the East and the whole Crested Butte Valley to the South. Just steps to the Lupine Trail for hiking, mountain biking, cross country skiing, or horseback riding. Development includes a barn for horses with tack room, feed storage, an outdoor corral and approximately 70 acres of grazing pasture land. The Water Tap Fees $42,000 value) have been paid and are included in this price.

$725,000 2.08 Acres | MLS# 777898

674 Country Club Drive

Build your dream home on this large private golf course lot in Skyland’s third filing. This homesite is located behind #12 green on the championship Robert Trent Jones II golf course. Enjoy country club living on a cul-de-sac with spectacular views of surrounding mountain peaks. Excellent 2+ acre lot located close to the Club at Crested Butte club house with all amenities, including pro shop, tennis, fitness center, pool, and dining. This lot is very close to Lake Grant (as a homeowner you may enjoy fishing rights here as well as the Slate River). This homesite sits at the end of the cul-de-sac just steps away from the Upper Loop Trail for excellent, hiking, biking and nordic skiing!

$685,000 2.75 Acres | MLS# 772397

1742 Red Mountain Ranch

A premier 35 acres home site in Red Mountain Ranch. Perched on a promontory above the valley floor, but without the long drive to and from... Flat building area with a spectacular views of Crested Butte Mountain and the surrounding peaks (without seeing another house). Build your Crested Butte home here and start building your memories.

$610,000 lot 42 | 35.1 Acres | MLS# 750379

ABOUT crested butte south Crested Butte South, or CB South, is a community about 6 miles south of the town of Crested Butte. It is often mistaken for a town because of the number of homes, but it is not incorporated. The neighborhood has many amenities for homeowners and community members. There is a fire station, playground, hockey rink, tennis courts, ice skating pond and groomed cross country trails. The commercial area has many available undeveloped lots and a variety of local businesses. Properties in CB South are generally less expensive than in town or on the mountain and can provide a great opportunity for homeownership in the area.

www.crestedbutte.realestate

QUICK FACTS: 8,515 feet ELEVATION

$750,714 average sales price: single family home

1,300 year round population

CRESTED BUTTE SOUTH 261 Cascadilla Street

Level corner lot. Easy to build. Great views. Low traffic location. Very near the access trail to Crested Butte South open space and fishing. One of the few lots in the flat areas of Crested Butte South this site is awaiting your custom home. Crested Butte south has a wonderful park with ice skating, hockey, tennis court, community garden, play ground, soccer field and access to the Huckeby open space.

$275,000 .34 Acres | MLS# 788265

217 Elcho Avenue

Pioneer Plaza is zoned for commercial, residential or multiuse development. Pioneer Plaza, as well as the balance of the CB South Commercial Core, is now experiencing tremendous attention and significant building. It is an ideal time to become a part of what is sure to become the largest community in the north valley. Currently, you may build commercial on the first floor with residential above or 100% of either use.

$274,900 .17 Acres | MLS# 787787

Ready for more magic?

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13% higher sales price

SOURCE: NATIONAL ASSOCIATION OF REALTORS, 2020

Local Experts Powered by a Global Network Thinking of selling a house? Put the most powerful real estate selling network to work for you. Coldwell Banker homes earn a 13% higher sales price than other real estate companies. With the most experience and local market knowledge, no other real estate company gives you more. LEARN MORE AT WWW.CRESTEDBUTTE.REALESTATE

short term rental updates

recently hired a new STR officer to manage STR licenses and renewals, performing inspections and identifying noncompliance.

By Katherine Nettles

The town sends periodic STR updates to license holders, including information on the town’s new Housing Matters program, which incentivizes owners to switch their vacation rental to a long-term rental. The goal is to encourage owners to look into Housing Matters before applying for their 2022 STR license. A successful ballot issue has increased town’s short-term rental tax by 2.5 percent from 5 to 7.5 percent, effective January 1, 2022. Proceeds from the tax increase will be earmarked to fund affordable housing initiatives.

Mt. Crested Butte

Just as it is appearing in national and even global conversations, the subject of short-term rentals (STRs) has been active throughout the Gunnison Valley recently. Several home owners associations, subdivisions and even the Crested Butte South property owners association have considered or passed new regulations. Potential buyers should be aware that there could be restrictions on rentals in this changing market and make sure you have a good realtor to help guide you through the different restrictions that are currently in place. This changes from area to area, so make sure your vision matches existing regulations before you buy—and be aware of what can change.

Crested Butte Crested Butte has placed a cap on the number of Unlimited Vacation Rental (STR) licenses at 250 within town limits, and it has also placed a moratorium on any new such licenses until July 2022 while the town considers alterations to its long-term plan. The current policy is to allow is a two year rolling license that requires two years of fees paid in advance at $1500 the initial year and $750 each year thereafter to keep the license active. The Primary Residence Vacation Rental License are not under a moratorium and may be issued to vested title property owners who reside in their property. The property owner is required to submit a primary resident affidavit. This license carries an annual fee of $200. Crested Butte requires all license holders to pass a property inspection, and in 2021 passed a new ordinance to increase regulation enforcement and improve compliance That went into effect on September 1, 2021. The town also

The town of Mt. Crested Butte voted not to enact a moratorium on STRs in August 2021, and does not have a limit on STR numbers. Mt. CB did but pass recent measures requiring all short terms rental owners to register and get a license through the town, and there is an updated process for getting approval that includes a Good Neighbor Guide, a safety inspection requirement and designating a local point of contact for the property. Make sure to ask your realtor about options such as property management services. License fees have increased to $350 for a new license and $300 for a renewal license. Additional inspections are $75 each.

Crested Butte South Crested Butte South Property Owner’s Association voted in favor of adding a new 90 day maximum limit on annual short term rentals to its covenants. This is the first regulation on STRs for the POA. The association is working out how it will enforce and regulate this limit on STR activity to foster compliance.

Other subdivisions. In the past few years Wildhorse at Prospect, Glacier Lily, The Links at Skyland and other associations have changed the rules or bylaws so Short Term Rentals are not allowed. Meridian Lake considered a new regulation to eliminate STR, but it did not pass. Rather, there are several new processes in place for owners to abide by. Changing regulations is a good reason to participate in your HOA or POA to have a voice. And keep in mind that being a responsible, conscientious short term rental property owner can reduce the impact on others and ensure future success. Reach out to your neighbors and your Realtor to find ways to work in everyone’s favor.

city of ABOUT the city of gunnison The Gunnison area is truly a great place to call home. The City of Gunnison is home to Western State Colorado University, Gunnison Valley Hospital, and the GunnisonCrested Butte Airport. It was almost the capital of Colorado! Gunnison has a personality that is distinct from its smaller sister to the north. The city itself offers a wonderful variety of shops with small boutiques lining Main Street. Gunnison has an increasing number of good restaurants, as well as a thriving arts scene. The area surrounding Gunnison offers rolling pastures, hills of sagebrush, and world class fishing.

www.crestedbutte.realestate

QUICK FACTS: 7,703 feet ELEVATION

$451,253 average sales price: single family home

5,094 year round population

GUNNISON 160 Regent Circle - Thornton Meadows Located just minutes from Gunnison, 160 Regent Circle is a modern home with three bedrooms, two baths and a bright, sunny great room. Being all one level makes it easy to access and maintain. Inside features include laminate wood floors throughout the home, a gas heating stove in the living room, dining area and an open kitchen with granite countertops and a large island. The master suite includes a lovely bathroom, walk-in closet, large windows and a private location off the entry. Also attached, the two car, heated garage has plenty of room for your vehicles and toys. This home enjoys a premium location adjoining open space and a trail easement which helps provide privacy and wonderful views from the backyard. The outdoor living space is one of the best things about this home. The back patio is surrounded by flower beds, trees and a lawn area where you can enjoy the sunset, rainbows or just the Colorado sun.

$650,000 3 BD | 2 BA | 1,631 S.F. | .23 ACRES | MLS# TBD

GUNNISON Horse River Ranch

Located in the beautiful Ohio Creek Valley, here is your chance to build your equestrian dream home on one of these 35+ acre tracts. These lots boast enormous views, border public land and are only a 15 minute drive to the town of Gunnison for grocery, retail and restaurants. Road infrastructure and irrigation ditches have been installed for these 7 adjacent lots.

559 Mountain View Trail 509 Mountain View Trail 433 Mountain View Trail 379 Mountain View Trail 623 Mountain View Trail 221 Overlook Trail

MLS# 750396

35.33 Acres

$269,000

MLS# 750397

35.37 Acres

$269,000

MLS# 750400 34.34 Acres

$269,000

MLS# 750403

35.73 Acres

$269,000

MLS# 750404 35.33 Acres

$269,000

MLS# 750408

$269,000

311 Regent Circle

35.19 Acres

This premium homesite located just minutes north of Gunnison. Thornton Meadows is a small subdivision with lovely homes, a community well, a private pond in the middle and surrounded by green space. This property is adjacent to the pond and community open space so you will only have a neighbor on one side to add to the privacy and enjoyment of your home. From this location you can easily get to Gunnison and also head up valley to Crested Butte Mountain Resort for some downhill skiing. Don’t miss this flat lot with utilities and a great opportunity to build your dream home.

$159,500 .25 Acres | MLS# 788763

www.crestedbutte.realestate

SEASONAL Seasonal Properties Looking for an affordable place to build your mountain cabin, have a private summer camping spot, create a hunting retreat, or just to own a property somewhere completely “Off the Grid”? There are numerous seasonal access properties or mining claims in the Kebler Pass, Schofield, Gothic, and Tincup areas that might be perfect for you. These properties offer mountains, rivers / streams, trees, giant views and very few neighbors! The professionals at Coldwell Banker Mountain Properties are your go-to source for all details pertaining to these kinds of properties including accessibility, water rights, well issues, and compliance with the county’s land use resolution.

Mining Claims and Backcountry Properties The mountains surrounding Crested Butte are filled with mining claims and vacant land that is not being mined and may be ideal for your true getaway cabin. Mining claims are either patented or unpatented. Gunnison County has 1216 Patent Mining Claims totaling 22,524 acres of land - three times more claims than any other county in Colorado! A “patent” mining claim is a parcel of claimed public land which the federal government sold to the claim holder. The claim is no longer public land and both the land and the mineral rights contained in it become the property of the patent holder. These issues can be complicated so contact a Coldwell Banker Mountain Properties broker to guide you.

Tincup 88 NO 1-7, 10 TBD Hall NO 1 TBD Hall NO 2 TBD Hall NO 4 TBD Hall NO 5

MLS# 785725

77.40 Acres

$160,000

MLS# 785721

10.33 Acres

$30,000

MLS# 785722

10.33, Acres $25,000

MLS# 785723

10.33 Acres

$25,000

MLS# 785724

10.33 Acres

$25,000

Irwin Townsite The town of Irwin was founded in 1880, nine miles west of Crested Butte at an elevation of 10,197 feet. Silver was discovered in the area in 1879 which brought thousands of people to the town. Today the old streets and alleys are no longer visible, but there are several summer cabins and many hardy people have even have made it their year round residence.

Parcel 41 Parcel 42 TBD 7th Street

MLS# 783290 1.89 acres

$75,000

MLS# 783249 1.10 acres

$75,000

MLS# 783647 1.36 acres

$157,500

commercial ABOUT commercial real estate When people think of Commercial real estate, they often picture tall office buildings or malls. The Gunnison Valley doesn’t have a lot of those, but that doesn’t mean there aren’t opportunities. Commercial investments range from apartment buildings, storage units, vacant land in commercial areas, office buildings and buildings or spaces for restaurants and retail. Businesses like restaurants and retail stores are offered for sale pretty consistently without

QUICK FACTS: $20,000 lowest priced business opportunity sold in 2021

$10,000,000 highest priced commercial property sold in 2021

any real property. Evaluating commercial opportunities is different from purchasing residential property so it is

important to have an agent with commercial experience to guide you.

opportunities currently for sale

www.crestedbutte.realestate

SEASONAL COMMERCIAL PROPERTIES 308 9th Street | Gunnison Aspens West Condominiums is a 32 unit building located at 308 N 9th Street in Gunnison, Colorado. The property consists of 13 (1 bedroom/1bath units), 10 (studio/1 bath units), 3 (Large 2 bedroom/1 bath units), 2 (small 2bedroom/1bath units), 4 (small 1 bedroom/1bath units) , and a Laundry room with 3 washer and 3 dryer coin operated machines. The Units are all individually metered for electricity and a new Boiler and water softening system was installed in 2015 for the buildings hot water needs. Located across from the Gunnison High School, close to downtown Gunnison and in close proximity to the towns recreation paths and Western Colorado State University. These units are ideal for students or young working adults and have been completely booked for the last few years. Seller offers very competitive rental rates at the low end of market value because of long term occupants which could be adjusted to match todays market. See agent for Financials and details.

$4,950,000 32 Units | 20,000 S.F. total | .50 Acres | MLS# 780714

COMMERCIAL 307 Red Lady Avenue | Crested Butte This is a unique opportunity to own Elk Mountain Storage - the only storage facility located in Crested Butte town limits. Situated on 8 town lots in the commercial district, currently there are 3 buildings built on concrete slab that total 10,800 square feet. With 68 units of varying sizes, these units have a very low turnover and a long wait list. Storage unit ownership has long been considered an excellent investment and this complex is no exception. The buildings and business have been in place for over 20 years and have always been a great income producer with low overhead and maintenance. PLUS, there is room to add more storage units or to get creative with other expansion.

$2,600,000 10,800 S.F. total | .58 Acres | MLS# 784540

www.crestedbutte.realestate

SEASONAL COMMERCIAL PROPERTIES TBD Bifano Road | rural crested butte Whetstone Industrial Park is a 35 acre subdivision located 3.5 miles south of Crested Butte comprised of 17 one acre + lots designated for mixed uses including industrial, light industrial/residential, and commercial. Thirty-seven percent of the subdivision will remain open space including a six-acre parcel with a pond. The one-acre sites are level parcels allowing for an easy build and the ability to maximize buildable square footage. Highway 135 fronts the subdivision offering easy access and good visibility. The lots have great views of Whetstone Mtn, the Slate River and the CB Valley. This is the opportunity to build your business in what could be the last industrial area developed in the North Valley. Only Four lots remaining in the subdivision

$800,000 1.00 Acres | MLS# 779229

QUALITY CARE CLOSE

WE’RE

more THAN A HOSPITAL

WE’RE AN INTEGRATED HEALTHCARE SYSTEM AT BOTH ENDS OF THE VALLEY.

From urgent and emergency care at Mount Crested Butte to rehab and athletic medicine, to senior living, cancer care, behavioral health, home health and everything in between, our team of skilled professionals have your healthcare covered. We’re here to help you live well, live healthy and live inspired.

970-641-1456 | GUNNISONVALLEYHEALTH.ORG

COLDWELL BANKER MOUNTAIN PROPERTIES

MEET OUR BROKERS LOCAL KNOWLEDGE. REAL ESTATE EXPERTISE.

Read a bit about them and contact the broker you feel is the best fit to start your Crested Butte real estate journey.

let us be your guide to the crested butte market Like many desirable places around the world, our market has boomed since the summer of 2020. As prices have gone up and available inventory has gone down, it is more important than ever to have an expert to guide you through the market.

about our team As the Broker and Owner of Coldwell Banker Mountain Properties, I am proud of the 439 years of combined experience our 24 agents have. Eighteen of our agents have lived in the valley for over 20 years and six of those have been here more than 40! As a group we are, or have been, involved in almost every non-profit in the valley and know the community inside and out. You can’t go wrong choosing an agent from our company. Your relationship with your broker is very important since they will be your guide in one of the most important transactions you will be involved in. Take your time and do some research to make sure you find a good fit – someone you can trust, who will work hard and who you get along with. You can find more information about our brokers on our website at www.CrestedButte.RealEstate/find-a-broker.

www.crestedbutte.realestate

If you are looking to buy in the area, you have a plethora of places to get information and data. What you cannot find online is true local insight. The agents at CBMP have spent a lot of time in the area and enjoy sharing their knowledge with their clients—including homes that are coming on the market soon, the history of properties, the best nearby trails, and their professional insights. Already own a property here and thinking that it might be time to upgrade, get something smaller or even (gasp!) do something else with your proceeds? The market is constantly changing, and there are many factors that go into pricing something so it sells quickly, for the highest price and with the least stress. Our agents take the time to get to know the details about your property so you can sell your home quickly and to the best buyer. Crested Butte will continue to be an amazing place to live and spend time so let us know how we can help you find your place in paradise. Best, Molly Eldridge Broker Owner

BROKER PROFILES MOLLY ELDRIDGE Managing Broker/Owner

ANDREW ALLEN  (970) 349-5007

 (970) 209-4234

 andy@cbmp.com

 molly@cbmp.com

 crestedbuttecololaw@gmail.com

 MollyInCrestedButte.com

Molly grew up in Taos, NM and moved east to attend Phillips Exeter Academy and Trinity College. Molly and her husband moved to Crested Butte as part owners of the Irwin Lodge in 1997. She enjoys skiing, trail running, rafting and spending time with her boys. Licensed since 2006, Molly excels at finding buyers the perfect property and communicating with sellers throughout the transaction. Molly values professional education and is active in the State & National Associations of Realtors to advocate for private property rights.

WHy did you get into real estate? My parents owned the Coldwell Banker in Taos, NM for years so I grew up in the real estate business. At first, it seemed like a great way to work with a flexible schedule, but now I truly love serving my clients and being a “professional problem solver”!

CATHY STEINBERGER

Andy went Western Colorado University, received a B.A. in Geology and lived in Gunnison 13 years, then moved to Crested Butte in 1992. He received a J.D. from the University of Denver, Sturm College of Law in 1993. Living in the Heart of the Rockies allows him time to spend skiing, kayaking, mountain biking and enjoying the CB backcountry and he’s also the fill in host for NPR’s Morning Edition on KBUT community radio. WHy did you get into real estate? Part of my law practice focuses on real property and water law. I was already handling real estate transactions and it made sense to get my broker associate license.

CHRIS KOPF

 (970) 275-6257

 (970) 209-5405

 cathy.steinberger@cbmp.com

 chris.kopf@cbmp.com  ChrisKopf.com

Cathy left New York City for CB some 40 years ago and has been licensed in real estate doing sales & management almost that long. She and her husband enjoy all the recreation Crested Butte offers, also travelling in their camper and working on their historic 1880’s home. Community involvement is also a big part of Cathy’s life, including her work as a Board of Director on the Gunnison Valley Health Foundation and before that the Crested Butte Arts Festival. Give Cathy a call and let her help you find your place in Crested Butte. WHy did you get into real estate? I had a career in sales and was working part time for a real estate agent in Crested Butte who encouraged me to get my license. That was 1978!

Customer service, hard work and attention to details are the keys to Chris Kopf’s satisfied clients. Chris was a second homeowner in Crested Butte for ten years prior to moving here full time with his wife Francene and their 3 teenage daughters. Chris spent 25 years in Texas where he had a successful career in sales and sales management in the technology industry. Chris has earned numerous awards including Top Agent and the Coldwell Banker International President’s Elite award. As a Global Luxury Property Specialist Chris serves the luxury homes segment of the market. Chris is a golfer and a member of The Club at Crested Butte, an avid fly fisherman, and skier. WHy did you get into real estate? I got my real estate license at the height of the recession in May 2009 to be able to support my family and “get to” live the dream in Crested Butte.

BROKER PROFILES DAN MCELROY

ERIC ROEMER

 (970) 275-2534

 (970) 209-1596

 dan.mcelroy@cbmp.com

 cbconickel@gmail.com

Dan McElroy is a seasoned real estate broker the valley, logging more than 50 years of experience in Crested Butte real estate sales. In addition to his countless awards from Coldwell Banker, he is also an outdoor enthusiast. As an active mountain biker, skier and dirt biker, Dan enjoys and loves the place he lives and he brings that enthusiasm to all his clientele. WHy did you get into real estate? When I was at Western State College, one of my mentors asked me if I had any interest in real estate. I responded that it has always interested me so I signed up for a class and got my license. The rest is history!

FRED SANDUSKY

WHy did you get into real estate? Moving to Crested Butte, I began working on construction jobs as a laborer. I built some commercial buildings, multifamily condos and single family homes. Through this period, I worked with realtors to help promote my projects. Not until 2002, when I was developing Pioneer Plaza , did I think it to be worthwhile selling my own project. It was at that time that I pursued obtaining my real estate license and have been an agent for over 20 years.

Geoff Blaisdell

 (970) 209-8753

 (978) 473-9256

 fred.sandusky@coldwellbanker.com

 geoff.blaisdell@cbmp.com

Before moving to Crested Butte in 1991, I graduated from Castleton State College in Vermont with a degree in Communications and Skiing. For a guy straight out of Pittsburgh, PA, the mountains in Vermont seemed big until I was lucky enough to see the Colorado Rockies on a ski trips with some friends. I knew Crested Butte was the place I wanted to live. This is where I met my wife Amy and we had our son Magnus. I have worked for Coldwell Banker since 1993. WHy did you get into real estate? I did not move to Crested Butte 30 years ago to sell real estate but I learned very quickly there were only a few jobs that allowed you to stay in Crested Butte. Here I am 30 years later still selling and listing real estate.

A graduate of Penn State University and Columbia University Business School, Eric moved to Crested Butte in 1971 from New York City. Since 1971, Eric has owned and operated Penelope’s Restaurant, The Powerhouse Bar & Grill, The Cement Creek Tavern and The Wooden Nickel. Through the 70’s and 80’s he was active in building and renovated several historic properties, developed condominiums and several commercial projects. he is comfortable with all types of real estate and is knowledgeable in the continuing development of the Crested Butte/Mt. Crested Butte area.

www.crestedbutte.realestate

Geoff graduated from the University of Massachusetts. He began working in real estate and construction 25 years ago. First as a carpenter and real estate assistant in Telluride. Then as a general contractor and real estate sales associate north of Boston. Whatever your real estate goals might be, let Geoff’s depth of experience and network of local professionals go to work for you. WHy did you get into real estate? I got into real estate because I am fascinated by it. Having invested in and worked with real estate from just about every angle, there is nothing quite like it. It is a confluence of dreams, aspirations, memories, history, technology, wealth, security, community, business, creativity and artistry.

BROKER PROFILES HEATHER PETERSON

heidi Jobson

 (970) 275-5408

 (970) 275-2841

 heather.peterson@cbmp.com

 heidi@cbmp.com

Heather skied her way to Crested Butte in 1991. Born and raised in New England and Quebec, she moved to Boulder, Colorado in 1987 to study at the University of Colorado. One visit to Crested Butte, and she knew it would be her forever home. Heather’s years in CB have been dedicated to skiing and coaching, stained glass art and growing her real estate business. Her spare time is spent skiing, whenever possible. Heather offers superior service backed with knowledge, experience and attention to detail. WHy did you get into real estate? I chose to get into Real Estate so I could put to use my people and networking skills combined with my knowledge of the area. It allowed me to pursue a career in our amazing valley while still enjoying the lifestyle I had come there to live a decade earlier.

JAKE SUNTER

A native to the Crested Butte valley, I experienced many transformations of this soulful Colorado town. My husband and I graduated from Western State College University in 1996, I have been active with Coldwell Banker Mountain Properties since 2004. My passions include playing tennis, running, hiking, biking and skiing. In 2019, our family moved to Avon, CO for our two kids to attend Vail Ski & Snowboard Academy. As a new real estate agent in Vail, I look forward to sharing my knowledge and community insights with you in Vail and Crested Butte valleys alike. WHy did you get into real estate? My real estate career began with my husband and I buying and building our own properties in Crested Butte after college. We built and sold many projects together from start to finish and enjoyed the business together.

JOE GARCIA

 (719) 966-2082

 (970) 209-4034

 jake.sunter@cbmp.com

 joegarcia@cbmp.com

Jake is one of the few Realtors lucky enough to have been born and raised in Crested Butte. Jake has lived in Crested Butte for over 29 years, building custom homes and remodels all around the valley. Dedication to quality finished product, customer service, and customer satisfaction have allowed Jake to thrive in CB. Jake’s abundant local knowledge and extensive construction experience are crucial to assisting his clients in finding their dream properties. WHy did you get into real estate? After receiving degrees in Economics and Business at the University of Colorado in Boulder, I knew the big city life just wasn’t for me. I moved back to beautiful Crested Butte to build houses, and decided that a Real Estate License could only complement an already successful construction career.

Joe has lived in the Crested Butte area since 1972. He works in many different facets of real estate: residential, land, and commercial. For the last fifteen years, he has consistently been one of the Counties Top Producers. His building experience and extensive knowledge of the valley make him a valuable asset for any real estate transaction. Joe and his wife Tricia raised four children that were born in the CB Valley. The kids are all grown and on their own adventures so Joe and Tricia spend their free time hiking with their pups and traveling to see the kids. WHy did you get into real estate? I was looking to spend more time with my wife and children and tired of the restaurant and construction business. At the urging of my sister Shelley White and Doug Kroft, I got my real estate license and went to work for Red Lady Realty in 2005. I have loved being a Real Estate Broker in my hometown for over 16 years now!

BROKER PROFILES JOYCE KROFT

KIMBERLY ROSE

 (970) 209-4895

 (970) 209-2888

 jkroft@cbmp.com

 kimberly.rose@coldwellbanker.com  KimCrestedButteRealEstate.com

Joyce started her work career with Congress in Washington, DC and AK Legislature in Juneau. She later held positions with WI and CO school districts, bank and retail businesses. She’s from Missouri, received her BS degree from UWGB and practiced real estate in Door County, WI. She arrived CB in 2006 and got her CO RE license in 2012. Joyce is married to Doug Kroft and has two adult sons. Her hobbies include skiing, hiking, horse riding, travel, fishing and gardening.

Kim has been licensed since 1993, in Kentucky, Colorado, and Florida. She has the experience, knowledge and know-how to get you the best price possible if you are selling, and her forte’ is matching buyers with the right property. Kim has won awards from Coldwell Banker as a top-rated agent and she is ready to put her professional skills to work for you. Please feel free to call her to discuss your real estate needs at 970-209-2888. WHy did you get into real estate?

WHy did you get into real estate? A change from government and in geo-location. I always enjoyed working directly with people and client representation. In real estate, Clients are both buyers and sellers and focus on negotiating win-win deals.

LIZ SAWYER

I got into real estate because I’m a people person, and like making people happy.

Madison Manning

 (970) 209-4938

 (970) 596-8074

 lizsawyer@cbmp.com

 madison.manning@cbmp.com

Liz has an eye for detail, communicating, and bringing fun to her clients. She was a Project Manager in CB before joining her husband with their business, Diamond Blue Pool & Spa. Liz was part of Bozar, Town’s zoning-architecture board, for 12 ½ years. Liz’s experience in business, historic properties, construction, and commercial property makes her an asset for your real estate needs. When she’s not helping her clients she loves to hike and ski.

Having grown up in the Crested Butte area, there is nothing Madison loves more than getting to share the slice of paradise she calls home. Madison attended Western Colorado University where she received her B.A. in English. After first working as a personal assistant to a local realtor for 4 years, Madison decided to pursue her real estate license. In her free time you can find her on a trail or a ski run.

WHy did you get into real estate?

As a Project Manager, I loved the details that go into homes. I have built, bought, and sold and love helping clients find their ideal home or investment property. I really like the details and organization it takes to have a smooth closing. I knew this line of work was for me.

One of the reasons I was most excited to start real estate was the opportunity to connect with people. In Crested Butte you get to meet people from all walks of life and share your appreciation of our beautiful town.

www.crestedbutte.realestate

BROKER PROFILES PETE NICHOLS

RACHAEL MILLER

 (970) 275-1176

 (970) 596-4423

 pete.nichols@cbmp.com

 rachael@rachaelbaskfield.com  rachaelbaskfield.com

Raised in St. Paul, Minnesota, Peter relocated to Colorado in 1991 after earning a B.S. in Economics, ASU, 1991.Within a year, he purchased a share in the Bacchanale Restaurant and was a partner for 17 years. Pete is excited to use his knowledge of nearly two decades of living and running a business in Crested Butte to make sure you have a positive experience as you buy and sell properties. WHy did you get into real estate? To assist friends, both new and old, to get acquainted with our amazing valley, and to find a special place here.

Originally from Minnesota, a ski vacation brought Rachael to Crested Butte at the age of fifteen. Rachael returned to this area to attend Western State College and graduated Cum Laude with a BA in Communications and Business. After moving to Crested Butte, Rachael pursued a career as a professional snowboarder, achieving numerous top five finishes, including the national title tin the 2001 U.S. Extreme Snowboarding Championship. When it became time to transition from competing professionally into a new career, choosing real estate came naturally to Rachael. She brings her same passion, enthusiasm, and competitive edge to the real estate world. WHy did you get into real estate? I got into real estate because I had mentors who inspired me to work in a field where I can connect, communicate, negotiate all while developing strong relationships with new and continuing friends/clients.

REGGIE MASTERS

RYAN DICKENS

 (970) 596-3568

 (970) 596-7879

 reggie.masters@cbmp.com

 ryan@ryandickens.com  RyanDickens.com

After graduating from the University of Delaware, and starting a career in Philadelphia, Reggie came here to ski for a week in Feb 1971 and stayed until the early 1980’s, when she relocated to the British Virgin Islands. She returned in 1989 with two young daughters. She has been licensed to sell real estate here since 1973. Reggie loves the beauty, the adventure and the community. She has been a volunteer for many organizations for decades. She is an ocean sailor, a horse rider/owner, hiker, skier and snowshoer, as well as a handbell ringer. Reggie offers experience, expertise and exceptional service throughout the valley.

Ryan first obtained his real estate license in 2004 and comes from a family of real estate investors and builders. He has been involved in a number of small businesses in Crested Butte area in addition to being a Realtor. Ryan originally hails from the Midwest, where he graduated with honors from Beloit College and later received his teaching credentials from Indiana University. He grew up vacationing in the mountains of Colorado and knew that is where home would be. Ryan spends as much of his free time as possible exploring the vast backcountry surrounding Crested Butte with his wife and children. He loves hiking, cross country skiing, climbing and traveling at every opportunity.

WHy did you get into real estate?

I got into real estate as a way to be able to stay and play, especially to ski in Crested Butte. I wanted a professional position with time flexibility. My career in real estate has served me well giving me plenty of time to recreate both summer and winter.

I first got into real estate because it was something a lot of my family was involved in. My grandfather invested in commercial real estate, my parents in land and residential, and my sister has built large spec homes in Jackson Hole, southern California and Naples, FL.

BROKER PROFILES SANDY PERRINO

TAMMY ARMOUR

 (970) 275-6308

 (970) 596-2265

 sandy.perrino@cbmp.com

 tammy.armour@cbmp.com  CrestedButteProperties.RealEstate

Sandy first came to the Crested Butte in the 80s. She has been a real estate consultant since 2002. Sandy has extensive experience in resort real estate with success in Crested Butte and the beach/artist community of Laguna Beach, CA. She is dual licensed but now focuses on the Gunnison Valley. Sandy has a Bachelor of the Arts from California State University Long Beach. Sandy loves the adventures living on this mountain brings. She enjoys hiking with her Husky, skiing on bluebird days and cheering on her softball team. From sea level to the top of the world, you’ll be in capable hands as Sandy guides you through the real estate process.

Tammy was born and raised in Colorado and moved to Crested Butte with her boyfriend, Joe, in 1987 where they were married in 1990. Tammy and Joe own and operate a design and build company called Armour Construction Company. Tammy obtained her real estate license in 1991 and has been helping sellers and buyers in the valley ever since. She has a thorough knowledge of property management having worked for a premier property management company in the late 80’s and most of the 90’s. Tammy, her husband Joe and their Siberian Husky, Kiska, spend most of their time outdoors skiing, snowshoeing and hiking.

WHy did you get into real estate?

I got into real estate when I was a corporate wife and we relocated several times. It turns out I was really good at buying and selling my own houses so I got my license and started helping other people buy and sell as well as relocate to new communities.

Because it’s fun.

TISHA SWAN  (970) 209-1998

 (303) 862-1334

 tisha.swan@cbmp.com

 tom.walker@cbmp.com

Tisha Swan is a true Crested Butte local – born and raised in the area. Tisha and her father, Dan McElroy, previous owner and Broker of Crested Butte’s Coldwell Banker, have been helping families establish roots in the area for decades. Together, Tisha and Dan make a great team. Sharing their passion for the area is their biggest joy. Tisha and her husband, Mike Swan (Director of Golf and Ski at the Club at CB) have three children together and feel lucky to call Crested Butte home. WHy did you get into real estate? An opportunity to work in the same industry as my father who has been a great mentor.

TOM WALKER

www.crestedbutte.realestate

Born in St. Louis, Tom has been an outdoorsman all his life. Fly-fishing, camping, canoeing, rafting and skiing lured him to Colorado where he earned a BSBA from the University of Denver. He has owned and operated businesses in distribution, manufacturing and software development. Tom and his wife, Donna, raised three children spending most of their vacation time in the mountains and have lived in Mt. Crested Butte since 1999. WHy did you get into real estate? I enjoy helping families discover Crested Butte and realize their dream of home ownership. I know how much it has meant to our family.

crested butte & gunnison

winter event guide december 10 16-22 24 30 31

Light Up Night Rock on Ice (displayed all winter) Santa comes to the Base Area ArtWalk at Crested Butte Galleries and Studios New Year’s Eve Torchlight Parade and Fireworks

january 11 15-16

ArtWalk Leftover Salmon at Center for the Arts

february 5 5 6 11 19 20 27

Alley Loop Nordic Marathon Colorado Crafted The Motet at Center for the Arts Galactic at Center for the Arts ArtWalk Historic Pub Crawl, CB Mountain Heritage Museum Gothic Mountain Tour

march 10, 11 18 19 19 24

IFSA Junior Regional 2* ArtWalk Al Johnson Memorial Telemark Race Ski Town Breakdown - Free Concert at the Base Area Anders Osborne at Center for the Arts

april 1-3 2 3 3

Flauschink End of Season Celebration Pond Skim CBMR Base Area Grand Traverse - Ski Race to Aspen Closing Day of the Ski Area

Coldwell Banker Mountain Properties Winter 2022 Real Estate Guide

Articles inside

Meet our Brokers

Community Stats

Crested Butte South

Seasonal Properties

Global Luxury