$3,095,000

525 Red Lady Ave Unit 241 - 246 Crested Butte, CO 81224

Estimated payment $19,084/month

Total Views 3
6 Beds
6 Baths
5,855 Sq Ft
$529 Price per Sq Ft

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Tile Flooring
  • Crested Butte Community School Rated A-
  • Breakfast Bar
  • Wood Siding

About This Home

This home is located at 525 Red Lady Ave Unit 241 - 246, Crested Butte, CO 81224 and is currently priced at $3,095,000, approximately $528 per square foot. This property was built in 1997. 525 Red Lady Ave Unit 241 - 246 is a home located in Gunnison County with nearby schools including Gunnison Elementary School, Crested Butte Community School, and Gunnison Middle School.

Listing Agent

Caleb Brewer

Peak Property Management & Sales Listed on: 10/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,095

Year Built

  • Built in 1997

HOA Fees

  • $2,043 Monthly HOA Fees

Home Design

  • Apartment
  • Rolled or Hot Mop Roof
  • Wood Siding

Interior Spaces

  • 6 Full Bathrooms
  • 5,855 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

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

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • Assigned Parking

Schools

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

Listing and Financial Details

  • The owner pays for real estate taxes, hoa dues
  • Assessor Parcel Number 325503186021

Community Details

Overview

  • Association fees include building maintenance, sewer, snow removal, trash, water, common area taxes, insurance, irrigation, landscaping
  • 6 Units
  • Majestic Condominium Association

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,095

Year Built

Built in 1997

Lot Details

0

HOA Fees

$2,043 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Washer, Dishwasher, Disposal, Dryer, Microwave
  • Class: Multifamily
  • Em Deposit: 100,000
  • Em Holder: Title Company
  • Interior Inclusions: Gas Fireplace
  • Legal Lot Block: UNIT 241, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 242, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 243, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 244, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 245, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 246, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 325503186021
  • Price Per Sq Ft: 528.61
  • Property Attached: Yes
  • Residence Stories: Two Story
  • Sale/Rent: For Sale
  • Siding: Wood
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Avenue
  • Zoning: Residential
  • Domestic Water Sewer: City Water, City Sewer
  • Fireplace Type Location: Living Room
  • Heating Fuelsystem: Natural Gas, Electric, Electric Baseboard, Fireplace/Stove
  • HOA Fee Frequency: Monthly
  • Landlord Pays: Real Estate Taxes, HOA Dues
  • Metered: Metered for Electricity, Metered for Gas
  • Multi Story: Yes
  • Total Number Electric Meters: 6
  • Total Number Gas Meters: 6
  • Total Number Water Meters: 1
  • Type: Apartment Bldg.
  • Access: Year Round
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 10,094.58
  • Year Built: 1997
  • Prop Description Remarks: Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.
  • Unit Suite Number: 241 - 246
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1074

Interior Features

  • Dining Room: Kitchen Bar
  • Flooring: Carpet, Tile
  • Master Bedroom: Main Level
  • Estimated Total Sq Ft: 5855
  • Full Bathrooms: 6
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 6
  • Foundation: Crawl Space
  • Total Office Den: 0

Exterior Features

  • Roof: Rolled Asphalt
  • Views: Mountains

Garage/Parking

  • Parking: 1 per unit, Off Street, Assigned

Utilities

  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: Town of Crested Butte
  • Water Supplier: Town of Crested Butte

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Building Maintenance, Sewer, Snow Removal, Trash, Water, Common Area Taxes, Insurance, Irrigation, Landscaping
  • Hoametro Fees: 2,042.85
  • Hoa Name: Majestic Condominium Association

Schools

  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Tenant Pays: Electric, Gas
  • Furnished: Unfurnished

Multi Family

  • No. of Units: 6

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 List to Sale Price per Sq Ft
10/29/2025 10/29/25 For Sale $3,095,000 -- $529 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Source: Colorado Real Estate Network (CREN)

MLS Number: 829584

Colorado Real Estate Network (CREN)
Colorado Gunnison County Crested Butte 81224

525 Red Lady Ave Unit 241 - 246, Crested Butte, CO

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Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Caleb Brewer
Listing Agent
Caleb Brewer
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Peak Property Management & Sales
(970) 670-7952