165 Midland Avenue, Basalt, CO 81621

Local realty services provided by:ERA New Age
165 Midland Avenue,Basalt, CO 81621
$12,500,000
  • 2 Beds
  • 4 Baths
  • 5,364 sq. ft.
  • Single family
  • Active
Listed by: cynthia milling
Office: douglas elliman real estate-hyman ave
MLS#:187509
Source:CO_AGSMLS

Price summary

  • Price:$12,500,000
  • Price per sq. ft.:$2,330.35

About this home

A rare opportunity to acquire one of Basalt's most iconic and historically significant properties- the Colorado Midland Hotel, built in 1896 and recognized as a designated historic structure. Currently home to the renowned Tempranillo Restaurant, this landmark building is ideally situated in the heart of downtown Basalt, steps from local boutiques, fine dining, and the Roaring Fork River. Property Highlights • Prime Downtown Location on Midland Avenue - Central lot on Basalt's main street corridor, surrounded by active retail, dining, and cultural amenities. • Mixed-Use Potential - Existing configuration includes first-floor restaurant and upper-level residential. • Zoning: C-2 Downtown Business District - Encourages a dynamic blend of commercial and residential uses within a pedestrian-friendly setting. • Historic Charm, Modern Upgrades - Carefully remodeled in 2006 while preserving its original architectural details. • Transferable Income - Existing leases for both

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Home facts

  • Year built:1896
  • Listing ID #:187509
  • Added:324 day(s) ago
  • Updated:February 10, 2026 at 03:24 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:4
  • Full bathrooms:2
  • Half bathrooms:2
  • Living area:5,364 sq. ft.

Structure and exterior

  • Year built:1896
  • Building area:5,364 sq. ft.
  • Lot area:0.32 Acres

Utilities

  • Water:Community

Finances and disclosures

  • Price:$12,500,000
  • Price per sq. ft.:$2,330.35
  • Tax amount:$19,532 (2024)
© 2026 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc. Aspen/Glenwood Springs MLS, Inc. data last updated on February 10, 2026, 03:24 PM

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