$26,000,000
$4M PRICE DROP

1220 Red Butte Dr Aspen, CO 81611

Estimated payment $142,037/month

Total Views 4,258
5 Beds
5.5 Baths
5,872 Sq Ft
$4,428 Price per Sq Ft

Highlights

  • River Front
  • 0.56 Acre Lot
  • Contemporary Architecture
  • Aspen Middle School Rated A-
  • Green Building
  • 3-minute walk to Red Butte

About This Home

Unique opportunity to own one of Aspen's most magical contemporary homes located on the Roaring Fork River. Located only 2.5 miles from the vibrancy of downtown Aspen, this thoughtfully designed residence offers the perfect blend of privacy, serenity, and proximity. With the Roaring Fork in your backyard, the home provides seamless indoor-outdoor living, featuring multiple entertaining areas, including an expansive riverside backyard, generous decks, and a beautifully designed courtyard patio. Inside, natural light floods the open-concept living spaces, which include a chef's kitchen, dining area, great room, and five en-suite bedrooms. A versatile oversized flex space offers endless possibilities; ideal for a wellness retreat, media room, executive office, or artist's studio. Art walls are abundant throughout. With the Rio Grande Trail just moments away, this home offers both connection to nature and easy access to Aspen's year-round vitality.

Listing Agent

Steven Shane

Compass Aspen Brokerage Phone: 970-925-6063 License #ER040002675 Listed on: 09/29/2025

Compass Aspen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,796

Year Built

  • Built in 1984

Lot Details

  • 0.56 Acre Lot
  • River Front
  • Southwest Facing Home
  • Sprinkler System
  • Landscaped with Trees
  • Property is zoned R-30

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 5,872 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Home Security System

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Storage Shed

Utilities

  • Central Air
  • Radiant Heating System
  • Water Rights Not Included
  • Water Softener

Additional Features

  • Green Building
  • Mineral Rights Excluded

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer
  • Red Butte Subd Subdivision

Listing and Financial Details

  • Foreclosure
  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 273501316004

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,796

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.56
  • Inclusions: Ceiling Fan, Dryer, Freezer, Oven, Refrigerator, Washer, Window Coverings, Water Softener, Range, Microwave, Dishwasher
  • Subdivision Name: Red Butte Subd
  • Directions: Head down Cemetery Lane and take a right on Red Butte Drive. 1220 Red Butte is located on the left hand (river) side of the street.
  • Architectural Style: Split Level, Contemporary
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1984
  • Tax Parcel Letter: R008449
  • Attribution Contact: 970-925-6063
  • Location Info:Furnished: Furnished
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-30
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: Yes
  • Listing Info:Auction: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • Financing Info:Taxes2: 56796.0
  • Financing Info:Tax Year2: 2024
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Listing Info:New Construction: No
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Water Rights:No3: Yes
  • Extras:Lawn Sprinklers: Yes
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Ceiling Fan: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • Inclusions:Water Softener: Yes
  • General Info:Unit Faces: Southwest
  • Inclusions:Oven: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Extras:Steam Shower: Yes
  • Extras:Softener: Yes
  • Extras:Storage Shed: Yes
  • Style:Split Level: Yes
  • Financing Info:HOA Dues YN: No
  • Listing Info In Foreclosure: Yes
  • Keywords Info Garage Spaces: 2.0
  • Keywords Info Garage4: Yes
  • General Info:Main Floor Primary: No
  • Special Features: 1028
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 5872.0
  • Fireplace:Gas: Yes

Exterior Features

  • Waterfront Features: River Frontage
  • Waterfront: Yes
  • Construction Type: Wood Siding, Frame
  • Direction Faces: Southwest
  • Roof: Composition
  • Construction:Frame: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • General Info:Garage SqFt: 463.0

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Trees: Yes
  • Location Amenities:River Frontage: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 24394.0
  • Parcel #: 273501316004
  • Zoning: R-30

Tax Info

  • Tax Annual Amount: 56796.0
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $56,796 $1,727,650 $869,140 $858,510
2023 $56,796 $1,747,120 $878,940 $868,180
2022 $21,457 $585,260 $364,880 $220,380
2021 $20,991 $591,570 $375,380 $216,190
2020 $21,010 $588,080 $353,930 $234,150
2019 $21,010 $588,080 $353,930 $234,150
2018 $17,362 $592,190 $356,400 $235,790
2017 $15,319 $566,620 $342,000 $224,620
2016 $15,290 $470,850 $258,700 $212,150
2015 $15,093 $470,850 $258,700 $212,150
2014 $8,918 $265,870 $199,000 $66,870
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2025 11/26/25 Price Changed $26,000,000 0.0% $4,428 / Sq Ft
11/26/2025 11/26/25 For Sale $26,000,000 -13.3% $4,428 / Sq Ft
11/16/2025 11/16/25 Off Market $30,000,000 -- --
09/29/2025 09/29/25 For Sale $30,000,000 +60.5% $5,109 / Sq Ft
09/17/2021 09/17/21 Sold $18,688,000 -6.3% $3,183 / Sq Ft View Prior Sale
08/10/2021 08/10/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $19,950,000 +50.5% $3,397 / Sq Ft
08/31/2020 08/31/20 Sold $13,260,000 -11.6% $2,493 / Sq Ft View Prior Sale
07/02/2020 07/02/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $15,000,000 -- $2,820 / Sq Ft
Source: Aspen Glenwood MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $18,688,000 Land Title Guarantee Co
Special Warranty Deed $13,260,000 Land Title Guarantee Co
Interfamily Deed Transfer -- Land Title Guarantee Co
Deed -- None Available
Special Warranty Deed $300,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $4,950,000 None Available
Warranty Deed $4,225,000 None Available
Quit Claim Deed -- None Available
Bargain Sale Deed -- None Available
Warranty Deed $3,500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,250,000 Purchase Money Mortgage
Source: Public Records

Source: Aspen Glenwood MLS

MLS Number: 190297

Aspen Glenwood MLS

APN: R008449