$2,000,000
SOLD FEB 6, 2025

455 Phoenix Way Crested Butte, CO 81224

35 Acres
$56,931 Price per Acre
1,530,263 Sq Ft Lot

Recently Sold

20% Below List Price

698 Days on Market

Highlights

  • Horses Allowed On Property
  • Lake View
  • 35.13 Acre Lot
  • Crested Butte Community School Rated A-

About This Lot

As of February 2025

Most incredible building site in the valley, site is prepared and ready to build on this 35-acre parcel in The Smith Hill Ranches. Ranch #7 is a 35-acre parcel located in the Smith Hill Ranches with views overlooking Nicholson Lake and endless views up the Slate River Valley. Ranch #7 is a secluded site that has been leveled and prepared to build on. Site has electricity and phone pedestal on site. Water well is in place and septic is ready to install. Smith Hill Ranches are made up of only eight 35-acre tracts located up Washington Gulch (turn off on Phoenix Way). Five homes are built, only 2 vacant sites remain. HOA maintains the roads, entrance and fences. The ski area and the town of CB are both minutes away from the gated entrance. Views are magnificent, site is surrounded with trees and is accessible year-round. This is a must-see site that is prepped and ready to build on, permits are current. House and Guest House plans are available.

Last Agent to Sell the Property

Charlie Farnan

Bluebird Real Estate, LLC Listed on: 02/25/2023

Last Buyer's Agent

Harlan Hudson

LIV Sotheby's International Realty - CB

LIV Sotheby's International Realty - CB

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,592

Lot Details

  • 35.13 Acre Lot
  • Sloped Lot

HOA Fees

  • $792 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Schools

  • Crested Butte Community K-12 Elementary And Middle School
  • Crested Butte Community K-12 High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Propane
  • Well
  • Septic System
  • Phone Available

Community Details

  • Association fees include road maintenance, snow removal
  • The Smith Hill Ranches HOA
  • Smith Hill Ranches Subdivision

Listing and Financial Details

  • Security Deposit $100,000
  • Assessor Parcel Number 317700002003

Property Details

Property Type

Land

Est. Annual Taxes

$12,592

Lot Details

0

HOA Fees

$792 per month

Listing Details

  • Class: Land
  • Em Holder: Title Company
  • Legal Lot Block: RANCH 7, THE SMITH HILL RANCHES SUBDIVISION
  • Livestock Allowed: Horses
  • Lot Size Acreage: 35-50 Acres
  • Parcel Id Number: 317700002003
  • Street Descriptionaccess: Gravel, Private Winter Maintenanc
  • Tax Account Id: R042410
  • Zoning: Residential Single Family
  • HOA Fee Frequency: Annually
  • Domestic Sewer: Septic
  • Domestic Water: Domestic Well
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 35.13
  • Current Property Use: Residential Single Family
  • Em Deposit: 100,000
  • Possible Property Use: Residential Single Family, Horses
  • Irrigation Systemrights: Well
  • Price Acre: 59777.97
  • Topography: Sloped
  • Price per Sq Ft: 1.37
  • Sold Priceacre: 56931.4
  • Access: Year Round
  • HOA Fees: Yes
  • Total Taxes Dollar: 12,592.04
  • Prop Description Remarks: Most incredible building site in the valley, site is prepared and ready to build on this 35-acre parcel in The Smith Hill Ranches. Ranch #7 is a 35-acre parcel located in the Smith Hill Ranches with views overlooking Nicholson Lake and endless views up the Slate River Valley. Ranch #7 is a secluded site that has been leveled and prepared to build on. Site has electricity and phone pedestal on site. Water well is in place and septic is ready to install. Smith Hill Ranches are made up of only eight 35-acre tracts located up Washington Gulch (turn off on Phoenix Way). Five homes are built, only 2 vacant sites remain. HOA maintains the roads, entrance and fences. The ski area and the town of CB are both minutes away from the gated entrance. Views are magnificent, site is surrounded with trees and is accessible year-round. This is a must-see site that is prepped and ready to build on, permits are current. House and Guest House plans are available.
  • Subdv Name: Smith Hill Ranches
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Views: Mountains, Lake/Pond/Reservoir

Utilities

  • Utilities: Electricity, Propane Required, Phone - Landline
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Propane
  • Water Supplier: Well

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Road Maintenance, Snow Removal
  • Hoametro Fees: $9,500.00
  • Hoa Name: The Smith Hill Ranches HOA

Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2023
Closed on
Feb 6, 2025
Sold by
Clement David Ross
Bought by
Neem Leaf Llc
Seller's Agent
Charlie Farnan
Bluebird Real Estate, LLC
Buyer's Agent
Harlan Hudson
LIV Sotheby's International Realty - CB
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%
Views
197
Current Estimated Value
$2,029,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,981
Avg. Annual Appreciation
-63.80%

Purchase Details

Closed on
Aug 5, 2020
Sold by
The Phoenix Family Group Ltd
Bought by
Clement David Ross

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,625
Interest Rate
3.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,000,000 Land Title
Warranty Deed $922,500 Land Title Guarantee Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $599,625 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Sold $2,000,000 -4.8% --
01/23/2025 01/23/25 Pending -- -- --
12/29/2023 12/29/23 Price Changed $2,100,000 -6.7% --
08/29/2023 08/29/23 Price Changed $2,250,000 -10.0% --
02/25/2023 02/25/23 For Sale $2,500,000 -- --
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

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 $23,797 $405,280 $405,280 $0
2023 $27,565 $405,280 $405,280 $0
2022 $12,592 $185,140 $185,140 $0
2021 $10,852 $185,140 $185,140 $0
2020 $10,178 $175,550 $175,550 $0
2019 $9,948 $175,550 $175,550 $0
2018 $9,586 $163,430 $163,430 $0
2017 $9,682 $163,430 $163,430 $0
2016 $8,627 $155,060 $155,060 $0
2015 -- $155,060 $155,060 $0
2014 -- $145,410 $145,410 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 801210

Colorado Real Estate Network (CREN)

APN: R042410