240 Buttermilk Lane, Aspen, CO 81611
Local realty services provided by:RONIN Real Estate Professionals ERA Powered
240 Buttermilk Lane,Aspen, CO 81611
$5,500,000
- 4.5 Acres
- Lots / Land
- Active
Listed by: tyler davis
Office: aspen snowmass sotheby's international realty - hyman mall970-925-6060
MLS#:191421
Source:CO_AGSMLS
Price summary
- Price:$5,500,000
About this home
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....
Contact an agent
Home facts
- Subdivision & Development:Buttermilk
- Listing ID #:191421
- Added:249 day(s) ago
- Updated:September 30, 2026 at 02:32 PM
Structure and exterior
- Lot area:4.5 Acres
Utilities
- Water:Community
Finances and disclosures
- Price:$5,500,000
- Tax amount:$38,610 (2024)
New listings near 240 Buttermilk Lane
- Open Fri, 9 to 11amNew
$2,450,000Active1 beds 1 baths830 sq. ft.901 E Hyman Avenue #14, Aspen, CO 81611
MLS# 194717Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE ASPEN SNOWMASS - New
$225,000Active2 beds 3 baths1,612 sq. ft.315 E Dean Street #B-31 A8 Even, Aspen, CO 81611
MLS# 194714Listed by: ASPEN SNOWMASS SOTHEBY'S INTERNATIONAL REALTY - DURANT - New
$9,500,000Active3 beds 3 baths2,969 sq. ft.633 W Main Street, Aspen, CO 81611
MLS# 194709Listed by: MONT HAUS INTERNATIONAL REALTY - Open Wed, 12 to 3pmNew
$13,900,000Active4 beds 6 baths4,148 sq. ft.725 Cemetery Lane #A, Aspen, CO 81611
MLS# 194712Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE ASPEN SNOWMASS - New
$17,995,000Active5 beds 6 baths4,695 sq. ft.635 Sneaky Lane, Aspen, CO 81611
MLS# 194689Listed by: ASPEN SNOWMASS SOTHEBY'S INTERNATIONAL REALTY - HYMAN MALL - New
$21,500,000Active5 beds 6 baths5,872 sq. ft.1220 Red Butte Drive, Aspen, CO 81611
MLS# 194686Listed by: COLDWELL BANKER MASON MORSE-ASPEN - New
$59,000Active3 beds 3 baths1,624 sq. ft.0197 Prospector Road #Unit 2202 Summer Interest 11, Aspen, CO 81611
MLS# 194684Listed by: ASPEN SNOWMASS SOTHEBY'S INTERNATIONAL REALTY - DURANT - New
$2,450,000Active2 beds 2 baths1,531 sq. ft.132 Maple Lane, Aspen, CO 81611
MLS# 194676Listed by: ASPEN SNOWMASS SOTHEBY'S INTERNATIONAL REALTY - DURANT - New
$175,000Active3 beds 3 baths1,922 sq. ft.39 Boomerang Road #8310-9, Aspen, CO 81611
MLS# 194664Listed by: DOUGLAS ELLIMAN REAL ESTATE-HYMAN AVE - New
$11,950,000Active4 beds 6 baths3,215 sq. ft.115 Park Avenue, Aspen, CO 81611
MLS# 194665Listed by: COMPASS ASPEN