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
...
(Read more)
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.
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
Listing Office:
Douglas Elliman Real Estate-Durant

Last Updated: June - 17 - 2026
Broker Attribution:
(970) 925-8810
Copyright 2020 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.
