240 Buttermilk Lane, Aspen, CO 81611 (MLS# 191421)

240 Buttermilk Lane, Aspen, CO 81611

$5,500,000

Property Type: RES Vacant Land Lot Size (sq. ft.): 182,952 Status: Active

Current Price: $5,500,000 List Date: 1/21/2026 Last Modified: 1/23/2026

Overview

Description

One of Aspen's last remaining ski-in/ski-out estate opportunities, this exceptional 4.5-acre parcel is partially wooded and situated on the lower slopes of Buttermilk Mountain. The property allows for the construction of a residence up to 5,750 square feet, or up to 8,250 square feet with the addition of a Transferable Development Right (TDR). The Activity Envelope is currently in the approval process. Ideally positioned in a central Aspen location, the property offers convenient access to Pitkin County Airport (3 miles), Aspen Highlands (4 miles), Aspen Mountain (4.5 miles), and Snowmass Ski Area (5.5 miles). Buyer to independently verify all development potential to their satisfaction.

Listing Details MLS# 191421

Location Info

Type: Single Family Lot
Sub-Type: N/A
Major Area: Aspen
Area: 01-West Aspen
Original List Price: 5500000
Asking Price: 5500000
Street #: 240
Street Name: Buttermilk
Street Suffix: Lane
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Keywords Info

Acreage: 3.1 - 5

Listing Info

Seller/Owner is Licensed: No
REO: No
Member Association: Aspen Association

General Info

List Price Per/Acre: 1222222
Sub/Loc: Buttermilk
Legal: Subdivision: M/B BUTTERMILK Quarter: SE Section: 3 Township: 10
Lot SqFt: 182952
Nbr of Acres: 4.5
County: Pitkin
Zoning: AR-10
FAR: Yes
Orig List Price Per/SF: 30.06
Parcel #: 273503400036
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.
Asking Price Per/SF: 30.06
Sold Price Per/Acre: 0
Sold Price Per/SF: 0

Financing Info

Metro Tax District: Yes
Metro Tax District URL: https://dola.colorado.gov/lgis/taxEntityCounty.jsf
Taxes: 38610.8
Tax Year: 2024
Transfer Tax: No
HOA Dues Y/N: No
Total HOA Fee Per Year: 0

More Information

Remarks

Public Remarks: One of Aspen's last remaining ski-in/ski-out estate opportunities, this exceptional 4.5-acre parcel is partially wooded and situated on the lower slopes of Buttermilk Mountain. The property allows for the construction of a residence up to 5,750 square feet, or up to 8,250 square feet with the addition of a Transferable Development Right (TDR). The Activity Envelope is currently in the approval process. Ideally positioned in a central Aspen location, the property offers convenient access to Pitkin County Airport (3 miles), Aspen Highlands (4 miles), Aspen Mountain (4.5 miles), and Snowmass Ski Area (5.5 miles). Buyer to independently verify all development potential to their satisfaction.

Possible Use

Single Family: Yes

Lot Description

View: Yes
Wooded Lot: Yes

Water

Community: Yes

Extras

Ski In: Yes
Ski Out: Yes

Crops

No: Yes

Property Features

Possible Use: Single Family Lot Description: View; Wooded Lot Water: Community Extras: Ski In; Ski Out Crops: No

Listing Office: Aspen Snowmass Sotheby's International Realty - Hyman Mall

Last Updated: January - 23 - 2026

Broker Attribution: (970) 925-6060

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