502 FARAWAY Road, Snowmass Village, CO 81615

$4,050,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,600 Lot Size (sq. ft.): 30,500 Status: Closed
Current Price: $4,050,000 List Date: 9/13/2024 Last Modified: 3/06/2025

Overview

Description

REDEVELOPMENT OPPORTUNITY: A true gem! This property is situated in the lower portion of Ridge Run yet high enough to enjoy great views of the surrounding mountains. Quick access to skiing and the Village Center. Shuttle bus/school bus nearby. Gently sloping lot affording a two-story home entering on the main level with living room, kitchen, dining, and primary suite. Then a lower level walk out with family room and extra bedrooms. Lots of space for outdoor decks/patio and yard. Tons of vegetation and trees for extraordinary privacy. FAR 4,000 ft. plus 15% bonus and 10% via an excise tax. Existing house could be rented while you design and build your dream home.

Listing Details MLS# 185449

Location Info

Type
Single Family Residence
Major Area
Snowmass Village
Area
02-Snowmass Village
Original List Price
4400000
Asking Price
4400000
Street #
502
Street Name
FARAWAY
Street Suffix
Road
City/Town
Snowmass Village
State/Province
CO
Postal Code
81615

Keywords Info

Total Baths
2
Baths - Full
2
Acreage
1 - 3
Garage
No
Pre-Fabricated Home
No

Listing Info

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

General Info

Sub/Loc
Ridge Run
Legal
Ridge Run I, Lot 20
Zoning
SF
Nbr of Acres
0.7
Lot SqFt
30500
Lv Ht SqFt
1600
Total SqFt
1600
Price/LvH SqFt
2750
ud_i_02
2
Main Floor Primary Bedroom
Yes
Year Built
1976
Unit Faces
North
Parcel #
273506203011
Directions
from Brush Creek Rd turn onto Faraway Rd. House will be the 5th single family home on the left, just before Valley View Rd. It's hidden in the trees.
Unfinished SqFt
0

Financing Info

Metro Tax District
No
Taxes
5636
Tax Year
2023
Transfer Tax
Yes
HOA Dues Y/N
Yes
Association Fee
200
Association Fee Frequency
Annually
Total HOA Fee Per Year
200
HOA Transfer Fee
Yes
Special Assessments
no

Status Change Info

Under Contract Date
2025-01-04
Proposed Close Date
2025-03-05
Sold Date
2025-03-05
Sold Price Per/SF
2531.25
How Sold
Cash

More Information

Remarks

Public Remarks
REDEVELOPMENT OPPORTUNITY: A true gem! This property is situated in the lower portion of Ridge Run yet high enough to enjoy great views of the surrounding mountains. Quick access to skiing and the Village Center. Shuttle bus/school bus nearby. Gently sloping lot affording a two-story home entering on the main level with living room, kitchen, dining, and primary suite. Then a lower level walk out with family room and extra bedrooms. Lots of space for outdoor decks/patio and yard. Tons of vegetation and trees for extraordinary privacy. FAR 4,000 ft. plus 15% bonus and 10% via an excise tax. Existing house could be rented while you design and build your dream home.

Fireplace

# Fireplaces
Yes
Gas
Yes

Laundry Facility

Laundry Room
Yes

Style

Two Story
Yes

Construction

Frame
Yes

Exterior

Wood Siding
Yes

Condition

Poor
Yes

Basement/Substructure

Walk-Out Access
Yes

Gas

Natural Gas
Yes

Parking Area

None
Yes

Roof

Composition Shingles
Yes

Water

Public
Yes

Carport

1 Car
Yes

Sanitation

Sewer
Yes

Water Rights

No
Yes

Location Amenities

Gentle Topo
Yes
Trees
Yes
Views
Yes

Mineral Rights

No
Yes

Heating

Baseboard
Yes
Natural Gas
Yes

Documents on File

Survey/ILC
Yes

Disclosures

Seller Lic RE Agent
Yes

Terms Offered

Cash
Yes

Possession

Negotiable
Yes

Sign

Yes
Yes

Property Features

Laundry Facility: Laundry Room Style: Two Story Construction: Frame Exterior: Wood Siding Roof: Composition Shingles Condition: Poor Heating: Baseboard; Natural Gas Gas: Natural Gas Water: Public Sanitation: Sewer Carport: 1 Car Parking Area: None Possession: Negotiable Terms Offered: Cash Disclosures: Seller Lic RE Agent Mineral Rights: No Water Rights: No Documents on File: Survey/ILC Location Amenities: Gentle Topo; Trees; Views Sign: Yes
IDX
Listing Office: Aspen Snowmass Sotheby's International Realty-Snowmass Village
Source MLS Verified
Last Updated: March - 06 - 2025
Broker Attribution: (970) 923-2006

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