$799,000

503 Red Lady Ave Unit 102 & 103 Crested Butte, CO 81224

Estimated payment $5,198/month

Total Views 70
1 Bed
2.5 Baths
1,291 Sq Ft
$619 Price per Sq Ft

Highlights

  • Mountain View
  • Breakfast Bar
  • Wood Siding
  • Crested Butte Community School Rated A-
  • Forced Air Heating System
  • Carpet

About This Home

In-Town Options! Welcome to your mountain-town retreat in the heart of downtown Crested Butte! This unique property offers a delightful 696 square foot one-bedroom, one-bathroom condo upstairs AND TWO ground-floor commercial studio office spaces. One commercial space is 293 square feet with a convenient 3⁄4 bathroom, and one commercial space is 302 square feet with 1⁄2 bath. Both of these spaces are ideal for remote work, a home studio, office, or small business. There is the option to connect these two spaces with pre-existing door for one larger 595 sq ft commercial space. Residential unit is perfect for full-time residence and long-term rental. Located just steps from the free bus stop and grocery store, daily errands and commuting are effortless. For outdoor lovers, you’ll be thrilled with the quick access right out your front door, providing a gateway to skiing, biking, hiking, and Nordic trails. Enjoy the added bonus of off-street parking—a big perk in downtown CB. Warm and cozy, bright and sunny, efficient natural gas heat, low HOA dues, and low-maintenance. You won't even have to shovel snow! Whether you're looking for a full-time residence, weekend getaway, business HQ, investment property, or all of the above, this gem is a rare find, offering unbeatable location, versatile layout, flexibility and functionality. Seller will consider seller-financing.

Listing Agent

Ross Tunkey

Bluebird Real Estate, LLC Listed on: 09/22/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,141

Year Built

  • Built in 1994

HOA Fees

  • $550 Monthly HOA Fees

Home Design

  • Permanent Foundation
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 1,291 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • Internet Available

Community Details

  • Association fees include building maintenance, sewer, trash, water, management, parking, common area taxes
  • Majestic Plaza Condominiums HOA
  • Majestic Plaza Condos

Listing and Financial Details

  • Assessor Parcel Number 325503186005

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,141

Year Built

Built in 1994

Lot Details

0

HOA Fees

$550 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Freezer
  • Class: RESIDENTIAL
  • Em Deposit: 30,000
  • Em Holder: Land Title
  • Interior Inclusions: Pantry
  • Legal Lot Block: UNIT 102 & UNIT 103, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE
  • Parcel Id Number: 325503186005
  • Price Per Sq Ft: 618.9
  • Real Estate Included: Yes
  • Realist Id: 325503186005.000000
  • Residence Stories: Two Story
  • Sale/Rent: For Sale
  • Siding: Wood
  • Street Descriptionaccess: City/Town, Paved, Public Winter Maintenance
  • Street Designation: Avenue
  • Tax Account Id: R032094
  • Zoning: Mixed-Use
  • Type: Condo
  • Access: Year Round
  • Hoa Dogs Allowed: Yes-w/restrictions
  • HOA Fees: Yes
  • Internet Provider: Spectrum/Charter
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 5,141.39
  • Year Built: 1994
  • Foreign Owned Y N: No
  • Prop Description Remarks: In-Town Options! Welcome to your mountain-town retreat in the heart of downtown Crested Butte! This unique property offers a delightful 696 square foot one-bedroom, one-bathroom condo upstairs AND TWO ground-floor commercial studio office spaces. One commercial space is 293 square feet with a convenient ¾ bathroom, and one commercial space is 302 square feet with ½ bath. Both of these spaces are ideal for remote work, a home studio, office, or small business. There is the option to connect these two spaces with pre-existing door for one larger 595 sq ft commercial space. Residential unit is perfect for full-time residence and long-term rental. Located just steps from the free bus stop and grocery store, daily errands and commuting are effortless. For outdoor lovers, you’ll be thrilled with the quick access right out your front door, providing a gateway to skiing, biking, hiking, and Nordic trails. Enjoy the added bonus of off-street parking—a big perk in downtown CB. Warm and cozy, bright and sunny, efficient natural gas heat, low HOA dues, and low-maintenance. You won't even have to shovel snow! Whether you're looking for a full-time residence, weekend getaway, business HQ, investment property, or all of the above, this gem is a rare find, offering unbeatable location, versatile layout, flexibility and functionality. Seller will consider seller-financing.
  • Unit Suite Number: 102 & 103
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Dining Room: Kitchen Bar
  • Bedrooms: 1
  • Flooring: Carpet-Partial, Laminate
  • Estimated Total Sq Ft: 1291
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 3
  • Foundation: Permanent
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Membrane
  • Views: Mountains

Utilities

  • Utilities: Electric, Natural Gas, Internet
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Forced Air
  • Sewer Supplier: Town of Crested Butte
  • Water Heater: Electric Water Heater
  • Water Supplier: Town of Crested Butte

Condo/Co-op/Association

  • Condo Townhome Complex: Majestic Plaza Condos
  • HOA: Yes
  • Hoa Inclusions: Building Maintenance, Sewer, Trash, Water, Management, Parking, Common Area Taxes
  • Hoametro Fees: $550.32
  • HOA Metro Fees Frequency: Monthly
  • Hoa Name: Majestic Plaza Condominiums

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

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2025 09/22/25 For Sale $799,000 -- $619 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Source: Colorado Real Estate Network (CREN)

MLS Number: 828685

Colorado Real Estate Network (CREN)