The Elk Mountain
Complimentary
Real Estate Review the Real Estate & Building Market in the Upper Gunnison Valley
Vol. 1 / No. 3
March 3 ~ June 15, 2011
Cover Images by James Ray Spahn
66 Red Mountain Ranch Road Upper Loop
Residence Features Include:
Residing within the high mountain meadows and mature aspen & evergreen groves of Red Mountain Ranch, this tastefully designed and elegantly appointed residence enjoys a private setting while being only a short drive to town. Breathtaking views of Crested Butte & Teocalli Mountains greet you as you enter the spacious Great Room with vaulted ceilings supported by 150 year old reclaimed trestles. While the main level provides living, dining, kitchen and a generous master suite this spacious home unfolds to accommodate guests and family on the lower level with 4 guest rooms, family/media room and exercise room. The gourmet kitchen with butler’s pantry is complete with turreted breakfast nook, classic pizza oven and superior kitchen appliances, all complemented by granite counter-tops & Bird’s Eye Maple custom cabinetry. Artistic finishes, visible throughout include: custom fountain, sculpted flagstone, etched glass featuring aspen trees, copper chandelier and reclaimed woods. Alas, be transported back in time upon discovering the authentic, brick-lined wine-tasting room and wine cellar. Caretaker/Guest quarters are located above a spacious barn complete with corral for your horses. Expansive picture windows and extensive decking and terraces allow for full enjoyment of the surrounding mountainscape and abundant wildlife commonly seen on the property. Create Memories, Entertain Family & Friends, Enjoy the Peace of the Mountains.
• 4-bedrooms, 4-bath & 2-1/2 baths, 1 bedroom + bath caretaker/ guest quarters • 8,044 square feet of heated living space + 672 square foot attached garage and 1,204 barn/garage • 35+ acres of property, horses are welcome • Main level master suite with his/her closets, gas fireplace, balcony & luxurious bath with Jacuzzi bath & steam shower. • Gourmet Kitchen: 48” Viking Range, Sub-Zero Refrigerator, 2-Bosch Dishwashers, Granite Countertops, Butler’s Pantry • Expansive deck accessible from Master Suite, Great Room, Dining Room & Kitchen • Media room w/ wet bar, sauna, exercise room, authentic wine tasting room & cellar • His/Her private offices with built in book shelves & hidden bath • Heated, over-sized 2 car garage with treated flooring and built-in cupboards • Mud room with doggy shower & built-in bench & cupboards • In-floor heat, three furnaces, water filter, humidification & air exchange system & built-in fire suppression This Featured Property is brought to you by Red Lady Realty. See their ad on page 2.
~ The Elk Mountain Real Estate Review ~
Resort Comparisons Show Crested Butte Offers Best Value Whether you’re buying groceries at Clark’s Market, drinking an après-ski beer at the Brick or considering investing in the local real estate market, value is a critical factor in your decision making process. Every day, individuals all over the world make purchasing decisions based on a comparison of the perceived value of their options. Real estate – particularly real estate in resort communities – is no stranger to this scrutiny, especially in today’s market. Chances are, you or someone you know is considering making a real estate investment in Crested Butte. Right now, for reasons detailed below, these opportunities should not be missed. Crested Butte’s real estate market offers greater value when compared to other end-of-the-road resort communities. With similar outdoor amenities, the lifestyles in the resort-based communities of Aspen, Telluride and Crested Butte boast an abundance of natural beauty, events and season-upon-season of never-ending outdoor activities. If the comparable products are indeed similar, then perceived value should be a determining factor in the decision making process. A review of closed real estate transactions in these respective communities over the past year indicate that there is significant value for those wishing to purchase real estate here in Crested Butte. Over the past twelve months, there were 147 residential real estate transactions closed from CB South to Mt. Crested Butte. These closings represented total sales of nearly $75 million. On average, residential properties in the upper Gunnison valley sold for $263.80 per square foot. Telluride’s average price-per-square-foot was more than double, at $546.11 or 107% more. Beyond that, Aspen was nearly double Telluride, with an average priceper-square-foot of $990.08 or 275% more than the Crested Butte area. Out of these three resorts Aspen showed the most activity closing 222 transactions while Telluride closed only 71 transactions - less than half the number than here in the upper Gunnison valley. The bottom line, Crested Butte presents a significant opportunity for families or individuals looking to invest in a destination Colorado resort. Whether you are a first time visitor or a long-time local, you’ve likely noticed that Crested Butte has a strong sense of community. If you’re like most people who visit Crested Butte, you leave with a strong desire to return or
to make Crested Butte your home. This sense of community is what makes Crested Butte the best buy of all. Our school system is top-notch, our locals are colorful and our events are eccentric and unrivaled. The natural beauty that surrounds this valley is surreal and to those looking to experience our version of paradise, we welcome you. — Aaron J. Huckstep, JD, CPA
Average Price Per Square Foot Based on closed transactions from 2010. Average Per Square Sources: MLSPrice from Gunnison, Pitkin, Eagle and San Miguel Counties.Foot $1,000 $1,000 $800 $800 $600
Based on closed transactions from 2010. Sources: MLS from Gunnison, Pitkin, Eagle and San Miguel Counties.
$990 $990
$600 $400
$546 $546
$400 $200 $200 $0 $0
Aspen, Colorado Aspen, Colorado
Telluride, Colorado Telluride, Colorado
$263 $263
Crested Butte, Colorado Crested Butte, Colorado
Total Transactions Based on closed transactions from 2010. Total Transactions Sources: MLS from Gunnison, Pitkin, Eagle and San Miguel Counties. 250 250 200 200 150 150 100
Based on closed transactions from 2010. Sources: MLS from Gunnison, Pitkin, Eagle and San Miguel Counties.
222 222
100 50
71 71
50 0 0
Aspen, Colorado Aspen, Colorado
Telluride, Colorado Telluride, Colorado
147 147 Crested Butte, Colorado Crested Butte, Colorado
The Elk Mountain Real Estate Review, its contents and appearance are all registered trademarks of Crested Butte Publishing and Creative. All rights reserved, copyright 2011. For general questions or information contact Chris Hanna at 970.349.7511 or chris@cpcsolutions.com. For advertising opportunities contact MJ Vosburg at 970.349.6211 or mj@crestedbuttemagazine.com.
Big Picture & Practical guidance. Get the
This is the perfect time for BUYERS to explore real estate. These trusted names in Crested Butte KNOW THE MARKET & WILL PROVIDE you with UP-TO-DATE information. To navigate our complex market of distressed properties & tricky financing options, our KNOWLEDGE & EXPERIENCE will guide & serve you well!
215 Elk Avenue • (970)349-5007
Molly Eldridge ~ 970.209.4234 mollyincrestedbutte.com 810 SopriS Avenue
This 5,000+ sq. ft. home in town includes every feature. After a day outside you can retreat here and enjoy time together watching the game in the large basement, making dinner on the main level or relaxing in the hot tub. For time alone, everyone will enjoy privacy with a bathroom off each bedroom. One of the largest homes for sale in town, you will be surprised to see how much room there is with 4 levels in the main house, a heated garage, separate apartment plus it borders a 100’ greenway. Offered for $1,775,000.
Doug Kroft ~ 970.209.0373 Owner/Broker DougKroft.com unBeLievABLe LoG HoMe
Hand-crafted log home surrounded by majestic mountain vistas! This 5-bedroom home is constructed with hand-hewn Engleman Spruce logs and enjoys all the fine finishes your mountain home deserves. The spacious open floor plan includes a gourmet kitchen, a great room with a wood-burning rock fireplace, a generous dining room and spectacular mountain views out of each window. Large bonus/family room above the over-sized two car garage.
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Maggie Dethloff ~ 970.209.7880 CrestedButteNow.com 215 Lower ALLen roAd
Beyond compare, this special 4 bedroom home offers the finest in features & finishes throughout! Enjoy majestic views of Crested Butte Mountain from the great room with 28’ ceilings and double sided, stacked rock fireplace. Gourmet kitchen with cork flooring, double wall oven and granite counter tops. Additional living spaces include: spacious office, library & family room. Enjoy peaceful evenings on your expansive deck complete with hot tub and built in gas grill or wander down to the private grassy beach on Cement Creek. Situated almost exclusively on one level. Offered for $ 1,466,000.
Now AcceptiNg New ListiNgs! CRESTED BUTTE RESORT REAL ESTATE
crested Butte Resort Real estate has a proven track record of selling luxury real estate through strategic marketing and astute pricing. we can now use our proven strategy for you too. Visit our office in the courtyard of Mountaineer square. (970)349-4999 cbliving.com info@cbliving.com TippLe house - MT. CresTed BuTTe - prospeCT neighBorhood 4-Bed/4-BaTh/2-poWder/4,999 sQ. FT. ski-in/ski-ouT
Built for a family with a modern pioneer spirit that loves Crested Butte. This mountain retreat embraces the character of our rich mining heritage and brings it up to date with the benefit of innovative architectural and environmental design. It sets a bold new standard for progressive building practices and mountainfriendly sustainable development.
Framed by the Gunnison National Forest, the Tipple House commands breathtaking views of the East River Valley and Elk Mountains. Featured in Mountain Living, New York Times, USA Today and Colorado Homes & Lifestyle. Offered as a short sale. $2,950,000 under ConTraCT
The Lodge 406 - MT. CresTed BuTTe 3-Bed/3-BaTh/1,997 sQ. FT.
21 WinTerseT - MT. CresTed BuTTe 4-Bed/3-BaTh/2,519 sQ. FT.
The Lodge 308 - MT. CresTed BuTTe 2-Bed/3-BaTh/1,562 sQ. FT.
The Lodge 218 - MT. CresTed BuTTe sTudio/1-BaTh/445 sQ. FT.
The lowest priced three bedroom in The Lodge. It provides great sun, a view of the peak from the balcony as well as an upgraded furniture package and high end finishes throughout. Enjoy all the fine amenities of living in the heart of the base village. $995,000
21 Winterset is not only aggressively priced but offers a new home with high-quality construction, fine craftsmanship, custom woodwork, recycled beams and incredible views. Walk to the Homeowner’s Trail from the Goldlink lift for your first run of the day. $959,000
This residence offers lavish amenities and a location in the heart of Mountaineer Square. Fully equipped and furnished with warm woods and natural stone surfaces. Master suite with beautiful master bath featuring deep-soaking tub. Large balcony overlooks courtyard. Fully furnished. $609,000
The opportunity for turn-key living in Colorado’s last great ski town. Owners have access to lavish amenities: underground parking, ski valet, swimming pool, fitness center & concierge services. Contact us to get in touch with property management for an understanding of rental history. $155,000
cALL foR MoRe iNfoRMAtioN (970)349-4999 All properties offered by Bo stambaugh.
Professional Custom Home Builder Remodel & Historic Renovations
Photo : Bob Brazell
Construction Management
1880’s Cabin Restoration | Maroon Avenue, Crested Butte
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Johnny Biggers / General Contractor 970-349-5990 cbbuilders@crestedbutte.net 405 3rd Street, Suite E Crested Butte, CO 81224
A Magic Kingdom in the Mountains By Beth Buehler Bill and Jane Chaney had been looking for what would eventually be their retirement home for nearly eight years when they found the perfect lot on Kubler Street in Crested Butte South. They had put a deposit down on 5 acres in Ridgway and called to have the check torn up after visiting the Gunnison-Crested Butte valley for the first time in October 1999. “We didn’t know that Crested Butte or this beautiful valley was here. We had driven Highway 50 so many times and drove right on by. Finally, the skier icon on the map made us turn onto Highway 135,” Jane recalls. “At dinner that night, we said, ‘It just feels right here.’” The couple met in the 1970s while working for Vail Associates and knew they wanted to return to the mountains when Bill retired from Disney after 30 years, with 23 of those years spent in Orlando. For two weeks every year, starting in the early 1990s, they toured around and shopped real estate in places like Durango, Ouray, Telluride and Pagosa Springs. “There is something special about southwest Colorado. The advantage is the wonderful mountains and closeness to the desert,” Bill notes. The Chaneys both envisioned a log home on a river, so when their real estate agent Bob Kray took them to the edge of the Kubler Street lot in the River Rim neighborhood and asked them to listen, the sound of the bordering East River did its magic. The expansive views and frequent sunny days and Crested Butte South made a big impression on the pair as they signed on the dotted line and began building a prowfront log home in June 2002. They returned for the stacking of the logs and two other times for the interior framing and wiring; otherwise, they were hands off 2,000 miles away and let local builders and craftsmen do their jobs. They wanted many windows to admire the view and an open floor plan. A sprawling home was not part of the vision, so they built 1,200 square feet on the main floor that is their living, dining and kitchen area with two guest rooms and a bathroom to one side. Upstairs is an 800-square-foot master suite and loft for Jane’s office. The 1,200-square-foot walkout basement/garage houses Bill’s office, work area, storage room and three bays for cars. One of the standout features of the home is the 1,100-square-foot deck that wraps around two sides, a welcoming sight when the two drove into the driveway of their new home in June 2003. Bill had just retired early at the age of 56, and Jane was starting as executive director of the newly-formed Gunnison-Crested Butte Tourism Association (GCBTA) after working for Walt Disney Travel Co., Hilton, Marriott
International, The Ritz-Carlton Hotel Company and Orlando Convention & Visitor Bureau in Florida. Shortly after moving in, they purchased the lot next door, which has become a fun playground for their rescue dog Annie, an Australian Shepard/border collie mix. Bill snowblows a mini “racetrack” in the winter so there is plenty of room for her to run and play Frisbee. “We call Crested Butte South the Banana Belt because there is less snow than the
Search the entire MLS at www.CrestedButteHomeSearch.com
Personal & Professional service For all Your Crested Butte Real estate needs. 2010 PRudentIal BeCKY haMlIn toP PRoduCeR 2009 BoaRd RealtoR oF the YeaR 2008-09 BoaRd PResIdent
daRCI gIllesPIe CRS.MRE.GRI.SRS.RSPS.SFR.ePRO. www.CrestedButteHomeSearch.com darci@cbproperty.com 970.596.4958
CustoM FouR BedRooM hoMe Gorgeous residence in an unbeatable location within Buckhorn Ranch. This 4 bedroom also features an office, laundry room and attached garage. Finishes include slate tile and distressed pine floors with knotty alder cabinets, doors and trim. Stay toasty with in-floor radiant heat, a natural gas fireplace, and abundant passive solar. $615,000
sloPesIde thRee BedRooM Ski-in/ski-out living at an incredible price! Enjoy the convenience of this recently remodeled residence in the highly desirable Gateway complex. Offering tremendous views, easy access to the mountain shuttle, and a short walk to the base village. Finishes include wood floors, granite countertops, stainless appliances, and a new stone fireplace. $449,000
WestWall lodge Penthouse
In-toWn lIvIng at Its FInest
BuIld YouR dReaM hoMe
Renovated hoMe In toWn
Furnished Penthouse residence in the most coveted ski-in/ski-out lodging facility on the mountain. Spacious 2,563 sq. ft. 3 bedroom offering a unique floor plan and upgrades, including hardwood floors throughout and featuring vaulted ceilings, a natural gas rock fireplace and a grand balcony with a spectacular view of The Peak. $1,475,000
Quintessential Crested Butte townhome offering gorgeous high-end finishes, including reclaimed wood floors, alder cabinets and granite countertops. This furnished three bedroom offers lots of warmth and light, as well as a fenced-in yard and garage. Just a walk away to all the conveniences of town. $525,000
Take advantage of incredible prices on land to build your dream home in the mountains. From $49,900 for a home site in CB South to $950,000 for a premier 1.24 acre ski-in/ski-out Prospect lot. Or enjoy spectacular views from the Skyland golf course neighborhood for a low $149,500, or in Overlook bordering National Forest at $250,000.
Luxury 1882 home completely renovated in ‘05. This creek-side residence features an attached one-car garage and sits just 1/2 block from Elk Avenue, gourmet restaurants, shopping, and the free shuttle. A true mountain masterpiece offered furnished and turn-key with all that Crested Butte has to offer just outside the front door. $849,000
© 2010. An independently owned and operated member of Prudential Real Estate Affiliates, Inc.
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Kevin Krill
north valley. It’s the best of both worlds living between Gunnison and Crested Butte,” Jane says. “I like the valley environment, and this is one of the prettiest populated valleys in southwest Colorado. I enjoy the openness of this valley,” Bill adds. The Chaneys enjoy skiing, snowshoeing and hiking, and Jane is known for her culinary skills and Bill for volunteering for organizations like GCBTA, P.A.W.S. and Gunnison Valley Observatory. ElkMtReview-QuarterPageAd-PROOF_10x7.92
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For more information call or visit us online.
970.349.6691 info@cbproperty.com Downtown Crested Butte 211 Elk Avenue ~ Crested Butte, CO 81224
970.349.6692 info@mountainoffice.com Slopeside in Mall at Crested Mountain Village Mt. Crested Butte’s only Ski-In / Ski-Out Real Estate Office © 2011. An independently owned and operated member of Prudential Real Estate Affiliates, Inc.
3 PeAkvieW, Mt. Crested Butte
4A CluB CottAges, skylAnd
This 5BD/5.5BA, 5,045 sf. retreat features soaring vertical expanses, heavy timber trusses, custom ironwork, great room w/ fireplace, dining room w/balcony, chef’s kitchen, media room, 2 grand master suites, wine cellar, sauna, hot tub , elevator, & 2-car garage. Luxuriously furnished & turnkey. Joan Schaefer, 970.209.6897 $2,499,000
Stunning 3BD/3.5 BA paired residence features vaulted ceilings, stone fireplace, oversized windows, hardwood flooring, knotty alder cabinets, doors & trim, master suite w/fireplace, loft w/window & storageperfect for an office/study. Near golf course. Jana Barrett 970.209.9510 or Bill Babbitt 970.209.5799 $819,000
176 grAnd lodge, Mt. Crested Butte
37 eAgles nest, Mt. Crested Butte
residenCes #3 & #12 treAsury Point, Located in the heart of Mt. Crested Butte’s Excellent views of the ski area and Mt. Crested Butte town center very close to the lifts, bus stop, restaurants and shops. Complex amenities include an indoor/outdoor pool, spa, restaurant, concierge & more!. Convenient 1st floor location with high ceilings. Pets allowed. Excellent rental opportunity. Karen Allen 970.209.2668. $95,000
surrounding mountains from this completely furnished, well appointed 3BD/2.5BA, 1-cargarage residence. Recent kitchen remodel. This unit has never been rented. One of the nicest units in the complex. Located on shuttle bus loop. Possible owner financing. Karen Allen, 970.209.2668 $269,000
Quality constructed townhomes offer spacious floorplans, high-end finishes, 2-car garages, heated driveways, a common hot tub and mountain views. Joel Vosburg, 970.209.1581 Residence #3: 4BD/3.5BA $749,000 Residence #12: 3BD/3BA $649,000
The WestWall Lodge offers ski in/ski out access, ski storage, fitness center, private lounge, underground parking, front desk, outdoor hot tub, pool and fire pit. Alder trim, doors and cabinets, granite kitchen countertops, travertine tiled bathrooms and gas fireplace. Lisa Lenander, 970.209.1603. $1,395,000.
1025 skylAnd dr., skylAnd
9B villAs, Mt. Crested Butte
three rivers resort, AlMont
20 ruBy drive, Mt. Crested Butte
Excellent views of Crested Butte Mountain from this well maintained and furnished 4BD/3.5BA townhome. Features include 2 master suites, 2 fireplaces, high-end appliances, 2 large covered decks, new carpeting and a 1-car garage. Walk to the ski lifts. Karen Allen 970.209.2668 $725,000
Gateway to Taylor Canyon. Individual riverfront cabins offer affordability and all the advantages of the serene Almont setting. Private fishing on the Taylor River, rafting, kayaking and biking right outside your door. Erin Dellaporta 970.901.1440 From: $139,500
Beautiful 5BD/3.5BA home with apartment on a quiet street. Custom window coverings, steam shower, granite counter tops, built-in vacuum system, and partially heated driveway. Dalynn Trujillo, 970.596.3397 $895,000
714 & 716 MAroon, Crested Butte
2 silver lAne, Mt. Crested Butte
886 PAshutA drive, ohio Creek vAlley
hoMe sites At ProsPeCt, Mt. Crested Butte
Very efficient green construction. Townhome style duplexes feature innovative floor plans, enclosed heated one car garages and quality finishes. Excellent quiet locations close to the Crested Butte town parks. 1,200 sq ft, 2 BD/2.5 BA $595,000 1,600 sq ft, 3 BD/3.5 BA $795,000 Joel Vosburg, 970.209.1581
Corner location in Gold Link Subdivision. Quality 5 BD/4.5 BA home built by Scott Hargrove. Located just a short walk to ski in / ski out, this home features a separate living room and family room with two wet bars, mature landscaping and a 2-car garage. Charlie Farnan or Joel Vosburg, 970.349-6692. $1,195,000
Unique and incomparable timber frame home on 10.6 ac. with barn, tack room, 3-bay carriage house and a pond with bridge and flower garden. Completely rebuilt in 2000, this beautiful home features a gourmet kitchen, media room, 2 laundry rooms, and a guest suite w/ kitchen and private entrance. Joan Schaefer 970.209.6897 $988,000
With spectacular views from their sundrenched slopes, these ski in / ski out home sites represent the crown jewel of mountain living. C-2: $215,900 D-6: $895,000 C-26 $545,900 D-3: $1,395,000 C-36 $850,000 D-18: $1,495,000 Charlie Farnan or Joel Vosburg, 970.349.6692.
Exclusive Lake Grant home site offers over .5 ac. for your dream home. Elevated hillside overlooking the golf course with panoramic views of the surrounding mountains. Access to exclusive trout fishing, golf and miles of N.F. trails. Minutes from town and the ski mountain. Jesse Ebner, 970.901.2922 $495,000
A 303 WestWAll lodge, Mt. Crested Butte
www.CBProperty.com
1 ridge lAne, Mt. Crested Butte
1F PonderosA, Mt. Crested Butte
tWo Condos For the PriCe oF one!
63 Pristine Point WAy, Pristine Point
Three BD/3.5 BA home offers views of Slate River Valley, Crested Butte and Paradise Divide. Living room features cathedral ceilings, log beams and a wall of windows and spacious deck. Media/game room, study, Master and 2 guest suites, high-end finishes, custom cabinetry, a rock fireplace, hardwood and tile floors and granite countertops. Karen Allen, 970.209.2668. $1,650,000
Great price for a four bedroom condo with a garage! Spacious top-floor remodeled residence offers great views, quality furniture package, and 2 decks. Walking distance to the ski slopes. Outdoor hot tub. Extensive renovations throughout the complex incl. new windows & sliding glass doors. Joel Vosburg or Charlie Farnan 970.349-6692 $379,000
At $196/sq. ft., this is an opportunity not to be missed. These 3BD/2 bath and 1BD/1BA units are located in the renovated Out Run Condos just a short walk to the slopes and on the bus loop. Spacious floor plan, large balcony, hot tubs and tennis courts. Options abound, incl. live in one & rent out the other. Darci Gillespie 970.596.4958 $325,000
Nestled in a private forest setting, this 4 BD/4 BA getaway offers views of the surrounding mountains and Meridian Lake. Features fine finishes throughout, high-end appliances, luxurious furnishings, distressed wood floors and a private deck. Short walk to Long Lake. Karen Allen, 970.209.2668 $1,495,000
100 AnthrACite, Mt. Crested Butte
3 BlACk diAMond trAil, Mt. Crested Butte
12 snoWCrest, Mt. Crested Butte
unit e, MeAdoW visA Condos, C.B. south
Adorable rustic 4BD/4BA + Powder Room log home offers endless mountain views and easy access to the ski slopes via the Homeowners Trail. Includes most furnishings and a brand new hot tub with TV and iPOD hookup. Upscale neighborhood. Dalynn Trujillo, 970.596.3397 $1,449,000
Priceless views with an exceptional floor plan made up of 5,763 square ft, which includes a phenomenal kitchen, a recreation room with a full bar and stone wine cellar. Each bedroom has its own en suite bathroom. Darci Gillespie or Karen Allen, 970.596.4958 / 970.209.2668. $2,750,000
Best mountain views of the ski area & Whetstone Mountain. Only a short 200 yard walk to the slopes via a pedestrian footbridge. Turn-key 3BD/2BA with wood stove, heated garage and lots of storage. Washer/Dryer inside the residence. Insulated blackout shades provide privacy and reduce noise. Joel Vosburg 970.209.1581 $288,000
Well built 3BD/2.5BA townhome style condo features stainless steel appliances, breakfast bar with gorgeous views, spacious master suite, vaulted ceilings a gas fireplace and a heated oversized 2-car garage. This small quiet complex offers low dues and a very convenient location. Erin Dellaporta 970.901.1440 $320,000
205 horseshoe, Mt. Crested Butte
768 shAvAno, C.B. south
41 Peeler lAne, MeridiAn Custom 3BD/3BA home features a Great lAke MeAdoWs
466 Chinook trAil, gunnison
Quality new construction with designer furniture package. This 3BD/2BA townhome offers a spacious living area with vaulted ceiling and fireplace. Very efficient gas forced air heat, hot water heater, stove & cooktop. Includes 1-car garage. Joel Vosburg 970.209.1581 $375,000
Room with huge logs, soaring ceilings and a gas fireplace, Chef’s Kitchen, Dining Room, Sun Room, Master Bedroom with sitting area, and an oversized Garage with storage and Shop Area. Coveted fenceline location offers gorgeous mountain views. Joan Schaefer 970.209.6897 $449,000
Private location in the aspen trees high up in Meridian Lake Park. Amazing views of Mt. Crested Butte, Whetstone, Axtel and Emmons mountains. Extensive remodel inside and out incl. a beautiful new master bath. Joel Vosburg 970.209.1581. $750,000
Beautiful 3BD/3BA home on 2-acres with Clarke Stream creek frontage. In-floor heat throughout, granite and travertine counter tops, knotty alder cabinets, doors and trim and an oversized garage. Lisa Lenander, 970.209.1603 $896,600.
B307 tiMBerline Condos, Mt. Crested Butte
29 APPAloosA roAd, Mt. Crested Butte
29 WhiteroCk Ave., Crested Butte
grAnd lodge, Mt. Crested Butte
Fabulous top floor condo! Spacious main floor bedroom with vaulted ceilings and large closet. Loft area with its own bathroom for an office or extra bedroom. Covered balcony and wood burning fireplace. Convenient location close to ski area and bus route. Jesse Ebner, 970.901.2922 $89,500
Premier Mt. Crested Butte ski home community, Wildhorse at Prospect. This 4 BD/4.5 BA home includes great views, distinctive mountain architecture and custom finishes such as upgraded hardwood floors and a media/bonus room. Walk to the Gold Link and Prospect lifts. Karen Allen 970.209.2668 $1,150,000
Great town location. Short walk to Elk Ave. or hiking & biking trails. The main home has 3BD/2BA with a 1BD+ Loft/1BA apartment over the garage. Efficient gas fireplace, vaulted ceilings, skylights and an extra upstairs family room. Joel Vosburg or Charlie Farnan 970.349-6692 $723,900
Condo-Hotel residences located very close to the ski slopes. Amenities incl. indoor/ outdoor pool, hot tub, sauna, workout facilities, Spa, restaurant & concierge. Great rental potential. Joel Vosburg 970.209.1581 #555: 1BD/1BA $125,000 #568: 1BD/1BA $157,000 #576: 1BD/1BA $120,000
A Six-Year Market Anal ysis At this point in the first quarter of 2011, the market is continuing to show signs of stabalizing. The graphs below are a snapshot of the upper Gunnison valley market over the last six years. Average sale prices are beginning to rise as are the number of properties sold.
Average Sales Price in the Upper Gunnison Valley April 2004 through December 2010 $1,200,000 $1,000,000 $800,000 $600,000 $400,000
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Number of Residential Properties Sold in the Upper Gunnison Valley April 2004 through December 2010 120 100 80 60 40
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Upper Gunnison Valley for the purpose of this graph is defined as properties located north of Round Mountain. Source Gunnison County MLS and Assessor.
970-349-5313 4th & Elk • Downtown Crested Butte Gorgeous Log home & Guest house on 35 Acres sleeps 18 comfortably, includes four car heated garage for all your mountain gear and toys. Great view of Mt. CB, and only 4 minutes from town on Kebler pass Road. Trappers Crossing at CB. offeReD AT $3,750,000. MLS #32766 An Immaculate Dan Murphy Designed home with over 4,500 square feet living space on 38 beautiful acres in Trappers Crossing at Wildcat. A Great Value and a Must See! ReDuCeD To $1,395,000. MLS #32318
Ready to Earn Your Business Faith, Integrity and Hard Work.
Call Me Today to Discuss Your Real Estate Needs.
Adjacent Lots 13 & 25, Trappers Crossing at Wildcat (over 70 Acres). $295,000 each, or Both for $590,000. MLS #32212
Ski-in/Ski-out furnished 3 Bedroom, 3 Bath Columbine Condo with large coveted garage. $695,000, MLS #31706
See the Big Picture (and all the details) of the Crested Butte Real Estate Market Contact me or Visit my website to get your copy of the current Crested Butte Real Estate Market Report – 2010 in Review
ChRIS Kopf
Broker Associate Coldwell Banker Bighorn Realty (970) 209-5405 chriskopf@bighornrealty.com www.chriskopf.com
www.chriskopf.com
Each Office is Independantly Owned and Operated
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Local Experience and National Expertise in Bank Owned and Short Sale Investments.
Providing legal expertise to both you and your broker to ensure your investment is sound. Extensive experience with distressed property transactions and real estate finance.
Aaron Huckstep ~ JD, CPA
CandaCe Coen
www.hucksteplaw.com • huck@hucksteplaw.com • 970-349-2009
Owner Broker Certified Distressed Property Expert
970.349.1234 office • 303.956.5566 cell 712 Belleview • Crested Butte, CO 81224 www.ColoradoLegacyProperties.com CC@ColoradoLegacyProperties.com
We contribute up to 5% of our net commission to the Gunnison Valley Non-Profit of the Buyers/Sellers choice.
Erin DEllaporta
the Real Estate & Building Market in the Upper Gunnison Valley
Broker Associate c: 970.901.1440 o: 970.349.6691 Erin@RealEstate-CrestedButte.com
We will be producing four issues for summer 2011.
Honesty, Integrity, Experience View the Crested Butte/Gunnison MLS at www.realEstate-CrestedButte.com Short Sale & Foreclosure Resource - SFR Resort & Second Home Property Specialist - RSPS NAR Green Designee, e-Pro - OBA/OSA Certified
Contact MJ Vosburg to Reserve your Space mj@crestedbuttemagazine.com ~ 970-349-6211
© 2010. An independently owned and operated member of Prudential Real Estate Affiliates, Inc.
2010/2011 DIRECT AIR SERVICE TO GUNNISON, CRESTED BUTTE & MONTROSE
GETTING TO CRESTED BUTTE IS EASY! Year-round daily flights are provided on United Express from Denver International Airport to Gunnison-Crested Butte Regional Airport. There are additional United flights in winter along with two daily non-stop flights from Dallas - Fort Worth (DFW) on American Airlines. New this coming winter will be one daily non-stop flight from Houston (IAH) on Continental Airlines. The flight schedules are subject to change. We recommend you always check with the airline to confirm current schedules. Also consider flying into Montrose Colorado. Montrose Regional Airport (MTJ) is located 68 miles west of Gunnison and is an easy drive to Crested Butte. Shuttle service to Creste Butte from Montrose is also available from Alpine Express, call ahead to arrange your pick up 1-800-822-4844. United Airlines serves Montrose all year long, while Delta Airlines, Continental Airlines, and American Airlines serve Montrose during the winter months. -9-
TOP-NOTCH PERFORMERS GRACE 2011 MUSIC FESTIVAL LINEUP By Beth Buehler The Crested Butte Music Festival (CBMF), July 3 – Aug. 14, isn’t your average music festival. It distinguishes itself from other Colorado music events with extremely diverse offerings and the intimacy audiences can share with visiting artists from all over the world. Boston Brass will kick off the festival with concerts on July 3 and 4, including a free outdoor July 4 concert at the Town Park, and lead a brass camp for high school and college students. Where else can you go to a local barn, share a beer and brat with friends and listen to a symphony by Beethoven? “Have a Beer with Beethoven” has become one of the festival’s most popular concerts of the season, and Beethoven’s Symphony No. 1 will be on tap July 21. Other symphony highlights are the hilarious comedy-duo à la Victor Borge, Igudesman & Joo, on July 17; film music from Hitchcock thrillers featuring this year’s special instrument, the theremin, on July 31; and five home soirées, which offer the ultimate in intimate performances in beautiful mountain homes. This year’s opera production “Carmen” will sell out, so buy tickets early. Under the guidance of Artistic & Managing Director Alexander Scheirle, CBMF started bringing in talent from the New York Metropolitan Opera and
London’s Covent Gardens several years ago. Today, the opera is a central part of the season’s program. Also performing will be members of the festival’s Marcello Giordani Opera Young Artists Program, which as grown from 35 applicants in 2008 to more than 500 for 15 spots in 2011. A new collaborative partner, Giordani, one of the bestknown tenors in the world, joined the program this past January and will help mentor participants. The American String Quartet will be in Crested Butte for a one-week residency, and The Kingston Trio is the featured entertainment for The Celebration fundraiser on July 16. Local newgrass great Drew Emmitt will again host Bluegrass In Paradise and play in one of 12 featured bands from around the country performing at the base of Crested Butte Mountain Resort. CBMF is also holding a Bluegrass Kids Camp for ages 7 to 17 from July 5 – 8. Django Reinhardt’s gypsy jazz returns to Crested Butte when the festival hosts DjangoFestä in Mt. Crested Butte Aug. 12 – 14. CBMF has something for everyone including a free concert series for families on Saturday mornings. For a full schedule of events and more information, visit www.crestedbuttemusicfestival.com or call 970-349-0619.
N PARAID ISE
July 9 – 10, 2011
Kids Camp
July 5 – 8, 2011
DREW EMMITT ( HOST ) // DR. RALPH STANLEY & THE CLINCH MOUNTAIN BOYS // THE KRUGER BROTHERS // NASHVILLE BLUEGRASS BAND // HONEY DON'T // SPRING CREEK // SIERRA HULL & HIGHWAY 111 // THE PARADISE ALL STAR BAND
Base Area at Red Lady Lift, Mt. Crested Butte, CO 81225 www.crestedbuttemusicfestival.com // 970.349.0619
CRESTED BUTTE RESORT REAL ESTATE
Combining tremendous capacity with the finest amenities and a spectacular location, 30 Belleview Drive offers the perfect ski home for the entire family. $3,375,000
Jesse ebner
Broker Associate OSA and OBA Certified 970.901.2922 www.JesseEbner.com jesse@cbproperty.com 2010 Prudential Honor Society award winner “Jesse Ebner is responsive, energetic and motivated. We found her to be genuinely honest and thoroughly knowledgeable about the real estate market. We highly recommend Jesse as an outstanding REALTOR®.”—The Oliver’s
30 Belleview Drive, Mt. CresteD Butte
Downtown Crested Butte 970.349.6691 • 211 Elk Avenue • Crested Butte, CO 81224
7 Bedrooms • 7 1/2 Bathrooms • 6,161 Finished s.F. • 5 Decks Master on entry level • 3 living Areas • 3 laundries • 4 wet Bars Oversized Garage • Completed 2009
© 2010. An independently owned and operated member of Prudential Real Estate Affiliates, Inc.
- 10 -
eric “trip” Cunningham Broker Associate www.cbliving.com O: 970-349-4995 tcunningham@cbmr.com located near the base area in the lodge at Mountaineer square
Meg Brethauer Broker Associate 970.209.1210 meg@cbproperty.com EASTSIDE BISTRO - $215,000 Great opportunity to own one of Crested Butte’s finest dining establishments. Located at the 4-way stop, the initmate dining area offers the best views of Mount Crested Butte. Reputable business with loyal clientele and gourmet menu selections. Call for further details.
GRAND LODGE #208 & 210 - $199,000 Side by side one bedroom/ one bath units, together these condos may accommodate up to eight people, great for rental income potential. Each side has its own kitchenette, full bath and sitting areas. Hotel amenities include pool, hot tub workout faculties, restaurant, & full service spa. Walking distance to the slopes and bus stops in front of building!
Each Office is Independantly Owned and Operated
DON’T MISS THE upcOMINg SuMMER EDITION
crested butte magazine
PLAZA #333 - $499,000 One of the nicest residences in the Plaza building located only a 100 yds. from the main Silver Queen lift. Recently renovated with granite countertops, new appliances and decorative furniture package. Exceptional views of Crested Butte Mountain. Plaza offers the most on-site amenities of any complex in Mt. Crested including hot tub, sauna, covered parking, tennis courts, elevator, front desk and restaurant.
LARKSPUR S-46 - $215,000 photo : xavier fane
Build your perfect home in Crested Butte’s newest neighborhood. This homesite borders Larkspur Lake on two sides of the property with unobstructed views of Whetstone and Crested Butte Mountain. One of the largest lots in subdivision overlooking Paradise Divide with the Golf Course across the street and clubhouse just blocks away. Located two miles from downtown Crested Butte. Enjoy fishing out your back door!
View the entire Crested Butte Magazine as well as the Elk Mountain Real Estate Review online.
CrestedButteMagazine.com © 2010. An independently owned and operated member of Prudential Real Estate Affiliates, Inc.
Visit Crested Butte’s Finest Properties Virtually at CrestedButteBroker.com
39 Whetstone Road The Crested Butte Retreat $4,499,000
873 Skyland Drive Log Masterpiece on Lake Grant $2,995,000
28 Gothic Avenue Coveted West Side Craftsman $1,295,000
107 Big Sky Drive Perfect Pitchfork Ski Pad $349,000
122 Elk Avenue Luxurious Coal Creek Condo $850,000
52 East Lane Meridian Lake Mountain Home $825,000
#10 Golf Villas Crested Butte Country Club Condo $399,000
33 Gillaspey Crested Butte South Starter Home $275,000
Channing Boucher Broker Associate Benson Sotheby’s International Realty 970-596-3228 CrestedButteBroker.com - 11 -
MountainOffice.com
Charlie & Joel ~ The Mountain Office Team
970.349.6692 info@mountainoffice.com Slopeside in Mall at Crested Mountain Village Mt. Crested Butte’s only Ski-In / Ski-Out Real Estate Office
25 walking deer, ProSPeCt Mt. CreSted BUtte
722 ProSPeCt, Mt. CreSted BUtte
Ski-in Ski-out of this furnished 5 bedroom custom home with unobstructed views of the East River Valley. Each room is carefully designed to showcase the views, wood beams, floors and rock fireplaces. Contains top of the line systems, custom kitchen, media room, hot tub and cell phone repeater. Unmatched views and setting in Prospect. $4,950,000
This is the ultimate Ski in - Ski out mountain home. New construction with master suite on main level, 2 junior master suites, separate living areas with full bar and game room, large exterior hot tub, 3 fireplaces, sauna, ski access room, heated entry and driveway apron with oversized heated 2 car garage. $5,995,000
15 BUtterCUP lane, Mt. CreSted BUtte
31 gold link drive, Mt. CreSted BUtte
CreSted MoUntain, C-1 Mt. CreSted BUtte
Unit #3 Silver ridge, Mt. CreSted BUtte
The “Premier” location on the top of Sunlight Ridge. Incredible wrap around views of Crested Butte Mountain and the entire Crested Butte Valley. Property features include: 2 living areas including family room/bar, billard room, large sun decks, four fireplaces, huge master suite and two car heated garage. $1,399,900
Prime “Top Corner” location in Gold Link subdivision. This setting offers the best views and direct ski in -ski out access to the Homeowner’s trail and the Gold Link lift. 4,266 square feet of living area, heated double car garage, 3 bedrooms plus an office/bedroom and 4 bathrooms. $2,095,000
Direct Ski-in Ski-out location. This 3 bedroom 2.5 bath unit is completely upgraded with all the extras including granite counter tops, stainless appliances and new cabinets in the kitchen. All new designer furniture and accessory packages. Base area location offers walking distance to all the shops and restaurants. Includes a private detached one car garage. $975,000
Enjoy direct Ski in - Ski-out access from this stunning, luxury residence on the mountain. Take your skis off at the porch and walk into the living room. This ski townhome features 3 bedrooms, 3 full baths and one powder room. A private elevator serves all four levels and the two car garage $950,000
188 Bethel road, SMith hill ranCheS
181 fairway drive, Skyland SUBdiviSion
#3 golf villaS, Skyland SUBdiviSion
157 w Silver Sage drive, rUral CreSted BUtte
Enjoy 35 acres of privacy within 10 minutes of the ski area and town. The house/guest house are constructed with 100 year old custom reclaimed logs and feature over 6,900 square feet of living space. The great room features reclaimed wood floors a massive rock fireplace and a wall of windows showcasing the view of Long Lake. $4,750,000
This custom timber frame home is located on the 8th green with the premier view of Mt. Crested Butte and Paradise Divide. Features include wood beams, main level master suite, 3 guest bedrooms, 2 living areas with wood burning fireplaces, stainless steel kitchen appliances, large deck for entertaining, beautifully landscaped yard and a 2 car garage. $1,697,000
Fully furnished 3-bedroom, 3-bath residence in the Golf Villas complex located across the street from the Clubhouse at the Club at Crested Butte. Extensive renovations including complete new kitchen. Designer furniture package included. 1,308 square feet of finished living area plus a spacious attached garage. $359,000
Amazing location overlooking the entire Slate river Valley with unobstructed views. This is your dream home on the river close to Crested Butte. Building site extends to the middle of the river and includes fishing rights throughout the subdivision. Gourmet kitchen, elaborate master suite, cherry wood cabinets and Australian Cyprus wood floors. $1,780,000
Plaza CondoMiniUMS, Mt. CreSted BUtte
oUtrUn CondoMiniUMS, Mt. CreSted BUtte
15 anthraCite, Mt. CreSted BUtte
BUtteS CondoMiniUMS, Mt. CreSted BUtte
Great complex close to the slopes. Amenities include: two elevators, indoor and outdoor hot tub, steam room, sauna, on site restaurant, tennis courts and covered parking garage. Unit 431 & 435 2 Bdrm / 2 Bath $375,000 Unit 233 & 234 3 Bdrm / 3 Bath $420,000 Unit 133 3 Bdrm / 3 Bath $419,000
Complete exterior renovation including new garage doors, roof and rock accents. Excellent one level floor plan with 3 bedrooms, 2 baths. Fully furnished units including one-car garage. Located on the shuttle bus loop or short walk to the base area. Unit C-1, $295,000 / Unit M-4 $430,000
This 4-bedroom 3-bath home is located on an elevated site surrounded by an Aspen tree forest. Amazing views through the trees make this private location an excellent value on the mountain. Includes a 2 car garage and outdoor hot-tub on the deck. Top line appliances. $715,000
Excellent ski-in ski-out complex. Quality condominiums with lots of upgrades and near new interiors. Common outdoor hot tub with fabulous views. Unit 518 2 Bdrm / 2 Bath $335,000 Unit 513 3 Bdrm / 3 Bath $419,900 Unit 514 3 Bdrm / 3 Bath $479,000
© 2010. An independently owned and operated member of Prudential Real Estate Affiliates, Inc.