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$5,500,000
4.5± Acres
Active
Pitkin County, CO
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240 Buttermilk, Aspen, Colorado

MLS ID: 191421
Status: Active
Price: $5,500,000
Acres: 4.5±
Type: Vacant, Single Family, Lot, Land
Address: 240 Buttermilk
City, State: Aspen, CO
County: Pitkin County
ZIP Code: 81611
Lat/Long: 39.205167, -106.865489
Parcel Number: 273503400036

Description

One of Aspen's last remaining ski-in/ski-out estate opportunities, this exceptional 4.5-acre parcel is situated on the lower slopes of Buttermilk Mountain, offering a rare opportunity to create a significant new residence in a highly accessible Aspen location.

Far more than a vacant parcel, the property is now well into the planning and design process. The ownership team has engaged F&M Architects of Snowmass Village, an accomplished local architecture firm recognized for its thoughtful, site-responsive residential work throughout the Aspen area, together with an experienced team of civil engineers, landscape designers, land planners, and other consultants. The result is a comprehensive, site-specific development plan created expressly for this property.

The current design contemplates a residence of up to 5,750 square feet, with the potential for up to 8,250 square feet through the addition of a Transferable Development Right (TDR). Site Plan Review and Activity Envelope applications are scheduled for submission to Pitkin County in August 2026, with approvals anticipated in summer 2027 and a building permit targeted for January 2028.

For a buyer who wants to build rather than begin the lengthy planning process from scratch, this represents a compelling window of opportunity: acquire the land now and step into an established design and entitlement process with an experienced professional team already in place. The plans have been developed specifically for the site and can provide the foundation for taking the property through approvals and into construction.

As ownership continues to advance the project through entitlements, permitting, and ultimately construction, the offering is expected to transition from vacant land to a fully developed residential project, with pricing adjusted accordingly.

Ideally positioned between Aspen and Snowmass, the property offers ski-in/ski-out access on Buttermilk and convenient proximity to Aspen Highlands, Aspen Mountain, Snowmass Ski Area, and the amenities of Aspen.

An opportunity to buy into the vision today--before the vision becomes the finished home.

Buyer to independently verify all development potential, approvals, timelines, plans, and TDR requirements to their satisfaction.

Directions: NO ACCESS WITHOUT CONSENT OF LISTING BROKER. Highway 82 to Owl Creek Rd. Left on W. Buttermilk Rd. First left onto Buttermilk Ln. Take the driveway split to the right up to 240 Buttermilk Ln. Parking is at the CDU site. Walk up to the Activity Envelope.

Additional Information

Exterior

Lot Size Area: 5
Lot Size Square Feet: 182,952
Water Source: Community

Financial/HOA/Schools

Subdivision Name: Buttermilk
Tax Annual Amount: 38610.8
Zoning: AR-10

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of September 10, 2026 at 12:00:00 PM UTC.

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.

Listed By: Tyler Davis of Aspen Snowmass Sotheby's International Realty - Hyman Mall - (970) 618-8343