$3,750,000

196 Lake Ridge Dr Crested Butte, CO 81224

4 beds
3 full, 1 partial
3,330 sqft
1.9 acres
$1,126 / sqft
House

Property details

About 196 Lake Ridge Dr

Nestled on 1.85 acres with breathtaking views of Mount Whetstone and Mount Crested Butte, this meticulously maintained property offers an exceptional mountain living experience. The home features 3,330 sq. ft. of living space, including 3 bedrooms and 2 bathrooms on the upper main level, as well as a newly added 651 sq. ft. lower-level living area. Additional spaces include a 2-car garage, a large oversized shop, and a 939 sq. ft. attached apartment. Uniquely positioned for immediate enjoyment and future expansion, this lot presents the rare opportunity to live comfortably onsite in a move-in-ready home while you build your dream residence. The lot allows for a maximum potential of 10,000 sq. ft. total. Multiple future building sites offer flexibility, including a flat area near the windmill and a hillside by the fenceline - which opens up breathtaking views. Eliminate the stress of finding temporary housing during construction; settle in now and manage your project firsthand. Drafted expansion plans include a bonus room remodel, kitchen addition, and an extra bedroom, increasing total living space to 4,311 sq. ft. The main residence showcases an inviting open floor plan that seamlessly integrates the kitchen, dining, and living areas, creating a space ideal for both everyday living and entertaining. The kitchen features white oak distressed cabinets, a spacious granite island, KitchenAid appliances, and a double oven. In-floor radiant heating and a Geothermal Heating and Cooling system ensure year-round comfort, complemented by a Lopi high-efficiency wood burner stove. Each bedroom and the main living area are equipped with ceiling fans, while all bathrooms feature Kohler fixtures and Panasonic Whisper quiet fans. The primary bedroom boasts a spa-like ensuite bathroom and a large walk-in closet. For added convenience, the home includes two sets of washer/dryer units. The lower level is outfitted with compressed/fresh air ducts, ensuring optimal air quality and comfort. Enjoy approximately 1,500 sq. ft. of covered outdoor living areas. Outdoor amenities include an asphalt circle driveway, irrigated landscaping, a Bullfrog hot tub on a covered deck off the primary bedroom, multiple covered outdoor spaces, and full RV hookups. A standout feature of this property is the 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. Located just minutes from Crested Butte’s amenities and world-class skiing, this property is a rare find - offering a turnkey home, expansion opportunities, and the ability to build while you live onsite. Priced below today's replacement cost, this mountain retreat provides incredible value 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)
Size3,330 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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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. Most residents in this area 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

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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 3,330 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.

Between February and March 2025, Crested Butte, CO real estate market has seen increase in the number of listings by 15.6%. The median list price of listings available in March 2025 was $1,699,000, while the average time on the real estate market was 201 days.

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

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