$3,750,000

196 Lake Ridge Dr Crested Butte, CO 81224

4 beds
3 full, 1 partial
2,679 sqft
1.9 acres
$1,400 / sqft
House

Property details

About 196 Lake Ridge Dr

Nestled on a serene 1.85-acre parcel surrounded by open space with breathtaking views of Mount Whetstone and Mount Crested Butte, this property offers an exceptional mountain living experience. This meticulously maintained home boasts 3 bedrooms and 2 bathrooms, a 2-car garage, a large shop, and an additional attached 1 bed / 1 bath apartment. There is 1,740 square footage of living space on the upper level/main floor, 939 square footage in the apartment, 598 square footage in the 2-car garage, 2,372 square footage of shop space, and 1,526 square footage in additional covered outdoor living areas. Within the shop, there is an additional 506 square feet of flex space. The main residence features an inviting open floor plan seamlessly integrating the kitchen, dining, and living areas, ideal for both everyday living and entertaining. The kitchen is a chef's delight with white oak distressed cabinets, a spacious granite island, KitchenAid appliances, and a double oven. Enjoy the convenience of in-floor radiant heating along with the Geothermal Heating and Cooling system throughout the home, complemented by a Lopi high-efficiency wood burner stove for added warmth and ambiance. Each bedroom and the main living room are equipped with ceiling fans, and all bathrooms feature Kohler fixtures along with Panasonic Whisper quiet fans. The primary bedroom features a spa-like ensuite bathroom and large walk-in closet. For added comfort and convenience, there are two sets of washer/dryer units within the home. The downstairs has compressed/fresh air ducts throughout, ensuring optimal air quality and comfort. Outside, the property is designed for relaxation and enjoyment, featuring an asphalt circle driveway and irrigated landscaping. A Bullfrog hot tub, located off of the primary bedroom on a covered deck, is great for relaxing after a day of exploring the Gunnison Valley. Multiple covered outdoor spaces and redwood decks offer the chance to take in the mountain views. Full RV hookups with freshwater, power, and wastewater make it easy to accommodate guests. A standout feature of this property is the additional attached 1-bedroom, 1-bathroom apartment, perfect for rental income opportunities. The attached two-car garage provides ample storage space for all of your outdoor gear and vehicles, while the shop is a workspace dream that allows for all types of projects and storage, complete with a BendPak car lift. If you are looking for additional space, the Sellers have drafted plans for the potential expansion of the home's square footage. On the upper/main floor, a bonus room remodel and two new closets would add 424 square feet, while a potential kitchen addition would add another 291 square feet to the main living area, bringing the total to 2,455 square feet for the upper/main floor. Plans for the first floor include a new 651-square-foot living area and a 266-square-foot additional bedroom with two closets. If completed, these updates would increase the home’s total living space to 4,311 square feet. There is also potential for further development, as an additional dwelling up to 7,000 square feet could be built for a maximum of 10,000 square feet total for the lot. Located in a tranquil setting just minutes from Crested Butte amenities and the world-class skiing of Crested Butte Mountain Resort, this home offers the perfect blend of luxury, comfort, and convenience. This property is priced below today's replacement cost, providing exceptional value. Don't miss this opportunity to own a unique mountain retreat with income potential and all the features for modern mountain living.

Highlights

Home typeSingle Family Residence
HeatingGeothermal, Floor Furnace, Forced Air, Wood Stove
StatusActive
CoolingGeothermal, Central Air, Ceiling Fan(s)
Size2,679 sqft
BasementYes
Lot size1.85 Acres
Year built2019
ParkingAttached Garage
MLS #813963
Attached garage2 spaces
WaterfrontCreek/Stream
FireplaceLiving Room
ViewMountain(s), Stream/River

Virtual tour

Summary

  • MLS Number: 813963
  • Office Name: Berkshire Hathaway HomeServices Today Realty & Associates
  • Listing Agent: Heather Woodward

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Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
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back house at dusk with a mountain view

$3,750,000

196 Lake Ridge Dr

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Price information

Property sales

DateEventPrice
Nov 15, 2017
Home Sold
$274,000

Tax history

YearAssessmentProperty Tax
2023$163,480$9,776
2022$94,550$6,605
2021$97,260$5,880
2020$31,060$1,858
2019$23,460$1,376
2018$30,050$1,840

History based on county public records data.

Nearby schools

9

Crested Butte Community School

Public District KG-5

3.0 mi

818 Red Lady Ave

5

Gunnison Elementary School

Public District KG-5

20.7 mi

1099 N 11th St

9

Aspen Elementary School

Public District KG-4

23.8 mi

235 High School Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $58,416. The majority of Crested Butte, CO residents have income between $35k-100k annually. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

24%
<35k
51%
35k-100k
16%
100k-200k
9%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

35%
Single, No Kids
7%
Single, with Kids
38%
Married, No Kids
20%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
16%
18-34 yrs old
53%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Dick's Sporting GoodsDick's Sporting Goods
  • DillardsDillards
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Texas RoadhouseTexas Roadhouse
  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's

What do the neighbors drive?

  • SubaruSubaru
  • CadillacCadillac
  • RamRam

What do the neighbors listen to?

  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 196 Lake Ridge Dr

This home is located at 196 Lake Ridge Dr in Crested Butte, CO and zip code 81224. This 2,679 square foot home, which was built in 2019, sits on a 1.85 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 24, 2024 and is currently priced at $3,750,000.

The inventory of homes for sale in Crested Butte, CO between January and February 2025 increased by 28.9%. In February 2025 median list price was $1,650,000 and the average listing age was 194 days.

From Rocket Homes Real Estate and based on county public records data.

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