#819291, 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 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.
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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. Most residents in this area 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 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.