#819288, Jaima Giles, Listing Office: LIV Sotheby's International Realty - CB

196 Lake Ridge Dr Crested Butte, CO 81224
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.
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Summary
- MLS Number: 813963
- Office Name: Berkshire Hathaway HomeServices Today Realty & Associates
- Listing Agent: Heather Woodward
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$3,750,000
196 Lake Ridge Dr
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Price information
Property sales
Date | Event | Price |
---|---|---|
Nov 15, 2017 | Home Sold | $274,000 |
Tax history
Year | Assessment | Property 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.
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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.