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0 Baths

$5,500,000

240 Buttermilk Lane, Aspen CO, 81611

Price per sqft$30.06
Lot size4.2 Acres
Property typeLand

Overview

Active

Listed Jan 21, 2026

Updated 3 weeks ago

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.

Additional information

MLS® ID
191421

Exterior Features

Lot Size
4.2 Acres

Other Property Details

Taxes
$38,611
Tax Frequency
Annually
MLS provider logo

Listed by Tyler Davis with Aspen Snowmass Sotheby's International Realty - Hyman Mall, Listing Contact: (970) 925-6060 

The IDX display contains information sourced from the Aspen Glenwood MLS as of 8/25/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Aspen Glenwood MLS all rights reserved.

Data last updated on 8/25/2026 at 9:13 PM UTC

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