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$17,500,000
35.05± Acres
Active
Gunnison County, CO
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378 Phoenix Way, Crested Butte, Colorado

MLS ID: 835330
Status: Active
Price: $17,500,000
Acres: 35.05±
Type: Single Family, Residential
Address: 378 Phoenix Way
City, State: Crested Butte, CO
County: Gunnison County
ZIP Code: 81224
Lat/Long: 38.897694, -106.990085
Parcel Number: 317700002007
Listed by: Charlie Farnan of Bluebird Real Estate, Llc
Bedrooms: 8
Bathrooms: 10
Year Built: 2008

Description

Positioned within the ultra-exclusive Smith Hill Ranches, 378 Phoenix Way is a once-in-a-generation alpine estate offering more than 35 pristine acres of unmatched privacy, scale, and panoramic beauty just minutes from both downtown Crested Butte and Crested Butte Mountain Resort. As the only enclave with 35-acre parcels between Crested Butte and Mt. Crested Butte — and with just eight homesites in total — Smith Hill Ranches represents a level of rarity and exclusivity that can no longer be replicated. Set against a dramatic backdrop of the Slate River Valley and the breathtaking Oh-Be-Joyful Wilderness Area, the estate captures sweeping, unobstructed views of iconic peaks including Red Lady and Crested Butte Mountain. From sunrise over the valley to star-filled alpine nights, every aspect of the property is designed to immerse owners and guests in Colorado’s extraordinary natural beauty while delivering the highest level of refined mountain living. Completed in 2010 and offered by the original owners, this remarkable legacy compound spans 11,417 square feet across a luxurious five-bedroom primary residence, an elegant three-bedroom guest house, a three-car garage, and a beautifully finished barn. Due to current Gunnison County building regulations limiting new construction to 7,500 square feet, the scale and presence of this estate are truly irreplaceable. Designed by acclaimed local architect Daniel Murphy, the residence blends timeless mountain architecture with exceptional craftsmanship. Hand-hewn timber framing, soaring walls of glass, American clay interior finishes, gas and wood-burning fireplaces, and custom ironwork by renowned blacksmith Ben Eaton create interiors that are both sophisticated and deeply connected to the surrounding landscape. Curated by I.D. Studio, the interiors feature bespoke furnishings, rare antique pieces, and a wine room finished with imported materials sourced from Italy. State-of-the-art Lutron lighting, audiovisual, and security systems were comprehensively updated in 2024 and 2025, while the main residence received a new standing seam metal roof in 2024. The grounds are equally extraordinary. Mature aspen groves, native wildflowers, irrigated landscaping, seasonal pond and a flowing stream water feature create an environment of serenity and natural elegance. Expansive heated patios and view decks invite year-round outdoor living, complete with multiple grilling areas, illuminated walkways, two firepits, and a private hot tub perfectly positioned for taking in Crested Butte’s legendary dark skies and alpine sunsets. 378 Phoenix Way is more than a home — it is a rare and enduring mountain sanctuary designed for generations to gather, celebrate, and experience one of the most spectacular settings

Additional Information

Interior

Appliances: Cooktop, Double Oven, Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Propane Water Heater, Range, Refrigerator, Water Purifier, Washer
Attached Garage (Yes/no): Yes
Basement (Yes/no): Yes
Basement: Concrete, Walk Out Access
Bathrooms Half: 3
Bathrooms Full: 7
Building Area Total: 11,417
Fireplace Features: Family Room, Gas Log, Gas Starter
Fireplace (Yes/no): Yes
Flooring: Concrete, Hardwood, Slate, Tile
Furnished: Partially
Garage (Yes/no): Yes
Garage Spaces: 3
Heating (Yes/no): Yes
Heating: Fireplaces, Hot Water, Propane, Radiant Floor
Interior Features: Additional Living Quarters, Wet Bar, Breakfast Bar, Ceiling Fans, Separate Formal Dining Room, Granite Counters, Hot Tub Spa, In Law Floorplan, Kitchen Island, Main Level Primary, Mud Room, Sound System, Vaulted Ceilings, Walk In Closets, Wired For Sound, Window Treatments, Air Filtration
Spa (Yes/no): Yes

Exterior

Architectural Style: Ranch, Post And Beam
Exterior Features: Gas Grill, Hot Tub Spa, Sprinkler Irrigation, Landscaping, Porch, Propane Tank Owned
Lot Features: Borders National Forest
Other Structures: Barns, Guest House
Parking Features: Attached, Garage, Garage Door Opener, Heated Garage
Patio and Porch Features: Covered, Porch
Road Frontage Type: Private Road
Road Responsibility: Private Maintained Road
Road Surface Type: Gravel
Roof: Metal
Stories: 1
Water Source: Well
Waterfront Features: Pond
Window Features: Clad, Double Pane Windows, Storm Windows, Window Coverings

Financial/HOA/Schools

Association (Yes/no): Yes
Association Name: Smith Hill Ranches
Association Fee Frequency: Annually
Association Fee Includes: Maintenance Grounds, Road Maintenance, Snow Removal, Trash
Days On Market: 29
Elementary School: Crested Butte Community K-12
Middle School: Crested Butte Community K-12
High School: Crested Butte Community K-12
Subdivision Name: Smith Hill Ranches
Zoning Description: Residential Single Family

Extra Information

Disclosures: Covenants Restrictions Disclosure, Seller Disclosure
Green Indoor Air Quality: Filtration, Moisture Control

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Listed By: Charlie Farnan of Bluebird Real Estate, Llc