5387 Castle Creek Road, Aspen, CO 81612

New Listing
$65,000,000
Property Type: Residential Bedrooms: 10 Baths: 9 Square Footage: 8,242 Lot Size (sq. ft.): 2,531,707 Status: Active
Current Price: $65,000,000 List Date: 6/17/2026 Last Modified: 6/17/2026

Overview

Description

HIGHLAND RANCH The Birthplace of Aspen Skiing There are estates in Aspen. There are ranches in Aspen. And then there are properties that helped create Aspen itself. Set along the banks of Castle Creek just minutes from downtown Aspen, Highland Ranch is one of the most historically significant private holdings in the Roaring Fork Valley. Home to the original Highland Bavarian Lodge, the first ski lodge in Aspen and among the earliest destination ski resorts in the American West, the property occupies a singular place in Colorado history. Long before Aspen became an international destination, skiers gathered here beneath Star Peak and the Five Fingers, establishing a legacy that would forever shape the future of the valley. Today, that legacy spans 58 pristine acres of riverfront, meadows, irrigated pasture, and private trails. More than a historic site, Highland Ranch is a fully realized luxury compound, meticulously restored for modern living. The estate currently offers 10 ...

Listing Details MLS# 193357

Location Info

Type
Single Family Residence
Major Area
Aspen
Area
01-West Aspen
Original List Price
65000000
Asking Price
65000000
Street #
5387
Street Name
Castle Creek
Street Suffix
Road
City/Town
Aspen
State/Province
CO
Postal Code
81612

Keywords Info

Total Baths
9
Baths - Full
7
Baths - 3/4
Yes
Baths - Half
Yes
Acreage
Refer to Lot Size
Garage
Yes
Garage Spaces
2
Pre-Fabricated Home
No

Listing Info

Seller/Owner is Licensed
No
REO
No
Member Association
Aspen Association
County
Pitkin

General Info

Sub/Loc
Castle Creek
Legal
Subdivision: HIGHLANDS BAVARIAN SUB RANCH LOT & Subdivision: HIGHLANDS BAVARIAN SUB CASTLE CREEK PARCEL
Zoning
Residential
Nbr of Acres
58.12
Lot SqFt
2531707.2
Lv Ht SqFt
8242
Total SqFt
8242
Price/LvH SqFt
7886.44
Garage SqFt
635
Main Floor Primary Bedroom
No
Year Built
2023
Parcel #
291102101002
Directions
5 miles up Castle Creek Rd. Driveway on your right.
Unfinished SqFt
0

Financing Info

Metro Tax District
No
Taxes
42824.72
Tax Year
2025
Transfer Tax
No
HOA Dues Y/N
No
HOA Transfer Fee
No
Total HOA Fee Per Year
0

Status Change Info

Sold Price Per/SF
0

More Information

Remarks

Public Remarks
HIGHLAND RANCH The Birthplace of Aspen Skiing There are estates in Aspen. There are ranches in Aspen. And then there are properties that helped create Aspen itself. Set along the banks of Castle Creek just minutes from downtown Aspen, Highland Ranch is one of the most historically significant private holdings in the Roaring Fork Valley. Home to the original Highland Bavarian Lodge, the first ski lodge in Aspen and among the earliest destination ski resorts in the American West, the property occupies a singular place in Colorado history. Long before Aspen became an international destination, skiers gathered here beneath Star Peak and the Five Fingers, establishing a legacy that would forever shape the future of the valley. Today, that legacy spans 58 pristine acres of riverfront, meadows, irrigated pasture, and private trails. More than a historic site, Highland Ranch is a fully realized luxury compound, meticulously restored for modern living. The estate currently offers 10 bedrooms, 8.5 bathrooms and a dedicated office and gym distributed across a remarkable collection of artfully renovated structures, creating a true multi-generational compound capable of hosting family, friends, and staff with exceptional privacy and comfort. At its heart is the historic Highland Bavarian Lodge and Bunk House, thoughtfully restored and transformed into an approximately 6,500-square-foot residence by internationally acclaimed design firm YODEZEEN. Overlooking a large private pond and the dramatic slopes of Star Peak, the home honors its remarkable heritage while delivering the level of craftsmanship, comfort, and sophistication expected of Aspen's most discerning buyers. Amenities include 7 bedrooms, a prep kitchen, dedicated fitness center, sauna, and beautifully curated living spaces designed for both everyday enjoyment and large-scale entertaining. Complementing the main residence are two guest residences, estate manager's residence, and dedicated art and office studio, creating extraordinary flexibility for entertaining, creative pursuits, remote work, and extended family stays. For equestrian enthusiasts, Highland Ranch is among the rare Aspen properties capable of supporting a meaningful horse operation. The ranch includes a six-stall barn with tack room and workshop, irrigated pastures, and several miles of private riding, hiking, and biking trails throughout the property. A substantial metal building provides exceptional flexibility and could serve as an indoor riding arena, sports court facility, wellness pavilion, collector car gallery, event space, or future recreational complex. What truly distinguishes Highland Ranch, however, is its combination of existing luxury and future possibility. The estate possesses entitlements for approximately 18,000 square feet of total development, including the ability to construct an additional residence of approximately 9,300 square feet while preserving the historic lodge compound as guest accommodations, family residences, an entertainment venue, or a private retreat. Opportunities of this scale, with this combination of acreage, water, privacy, history, and proximity to Aspen, are exceptionally rare and impossible to be replicated under today's regulations. Water, increasingly one of the West's most valuable assets, is abundant here. Significant water rights support productive meadows and agricultural uses, while extensive Castle Creek frontage, ponds, and riparian habitat create a landscape of remarkable beauty and ecological richness. Whether envisioned as a world-class equestrian ranch, a private family compound, a conservation-minded retreat, or one of Aspen's great legacy estates, Highland Ranch offers a combination of history, scale, water, privacy, and future development potential that is unlikely to ever be recreated. Few properties tell the story of Aspen. Fewer still helped create it.

Laundry Facility

Laundry Room
Yes

Style

Cabin
Yes
Contemporary
Yes

Construction

Frame
Yes

Exterior

Log Siding
Yes
Metal
Yes
Wood Siding
Yes

Condition

Excellent
Yes

Cooling

Central Air
Yes

Basement/Substructure

Finished
Yes

Gas

Propane
Yes

Roof

Composition Shingles
Yes
Metal
Yes
Shake
Yes

Water

Well - Household
Yes

Sanitation

Septic
Yes

Heating

Baseboard
Yes
Forced Air
Yes
Radiant
Yes

Property Features

Laundry Facility: Laundry Room Style: Cabin; Contemporary Construction: Frame Exterior: Log Siding; Metal; Wood Siding Roof: Composition Shingles; Metal; Shake Condition: Excellent Heating: Baseboard; Forced Air; Radiant Gas: Propane Water: Well - Household Cooling: Central Air Sanitation: Septic
IDX
Listing Office: Douglas Elliman Real Estate-Durant
Source MLS Verified
Last Updated: June - 17 - 2026
Broker Attribution: (970) 925-8810

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