Aspen Real Estate – Deal of the week.


In this episode of Search Aspen Real Estate TV I will discuss the deal of the week – which is 981 King Street, Aspen CO 81611 Click the link for further listing information.


With five bedrooms, four full baths and 2697 square feet this Aspen Listing has a current structure that is serviceable built in 1980 with a solid rental history in a very private setting which overlooks the Roaring Fork River.  While just a short walk to all the amenities that the core of Aspen offers the home retains remarkable seclusion.


Nestled in aspen, pines and gamble oaks just off the beaten path…


The lot is a good size at 17,846 Square feet and is situated for maximum privacy just adjacent to Garmish Park.


The upside is in a potential redevelopment as this home has an allowable building floor area ratio of plus or minus 4800 square feet of above grade space allowing for a generous sized home.  The possibility may exist to redevelop up to approximately 8500 square feet in total.  However an affordable housing unit would be required in some of that square footage.  There is a possibility of an ‘in lieu’.  For those not familiar with the Aspen regulatory environment this would be either payment to the affordable housing office or purchase of an affordable housing unit elsewhere to be determined.


At under $3,000,000 for a single family home in Aspen Colorado this listing stands out in the MLS.  With an added potential for redevelopment in the offing 981 King Street really shines on the Aspen Real Estate market.   Add a large lot and privacy walking distance to town and what do you get? ‘s deal of the week!

Contact Drew Kitchell with McKinley Sales Real Estate in Aspen for further information at 970-925-5900.

Information deemed reliable but not guaranteed.