A spacious residential compound, reflecting ever-increasing property values in west central Colorado, is scheduled to go to auction on March 7.
Located to the direct south of Aspen, the property at 2400 Casteel Creek Road, includes two separate residences on a wooded site of some 56 acres.
Built in 2001, the buildings on the site house 12 bedrooms and just under two dozen bathrooms, partly comprising a structural footprint of just over 38,200 square feet.
The property, which is just to the east of the Aspen Highlands Ski Resort, also includes a turf field, trout-stocked pond, and landscaped walking trails.
The direct Aspen area, once the home of the famous Colorado Silver Boom of the mid-19th century, has witnessed a non-stop boom since its development as a ski resort destination.
According to the site Realtor.com, the average median home price listing in Aspen as of January was at $2.2 million. That $2.2 million figure is up from $1.5 million at this same time two years ago.
The Castell Creek Road has previously been listed on the open market for $45 million.
The March 7 auction will be conducted by the New York-based Concierge Auctions in conjunction with LIV Sotheby’s International Realty, which has offices throughout Colorado.
By Garry Boulard
