Short sale properties exist in every price range and every market these days… View West Properties just matched this Starwood home with an investor buyer..  Even in the exclusive Starwood neighborhood of Aspen there is opportunity.

8000 sq. feet. panoramic views of Ajax, Maroon Bells, Buttermilk, Highlands, and beyond. Beautiful new construction that started with an asking price of 12.9 million and is now under contract for less than half that price.

Whether a multi-million dollar single family Aspen home or a modest condo in Aspen’s core, steals await the savvy buyer that’s been waiting to enter the Aspen market!

full description and photos

5 bedroom 5 baths..elevator..hot tub...stone and timber beam new construction. click on photo for all photos and info

Since moving into the sought-after West End Aspen neighborhood, we’ve caught blurry glimpses of Lance training. He sprints up the mountains we hike and passes at dizzying speeds on road or mountain bike. This summer we watched him win the grueling Leadville 100 mile mountain bike race, break the course record, and finish the last 10 miles on a flat tire.  The point is that you can’t beat the guy out there, but you may be able to best the superhuman at real estate with help from the declining market we’ve watched during the past year and a half.

The neighboring home to Lance’s was built by the same builder, with the same level of gorgeous finishes and is available.  Mr. Armstrong paid $9.175m in October of last year.  Asking price was $9.4million.  The adjacent home is slightly larger (6187sq.feet (575m2)), and was therefore originally priced at $9,995,000.  Both homes are 5bedrooms, 5baths, haves stunning views, and are walking distance to the Music Tent, Aspen Institute, the Roaring Fork river, and to the rest of town.  Some sellers/owners have the means and patience to hold strong at their asking prices, confident in the value of their Aspen investment.  Others feel more distress, may have construction loans, and have reduced prices as quickly as a pebble on independence pass turns into a full-blown rockslide.  They’re not confident that holiday season ’09 or spring season ’10 will bring values back and they want to unload now.  The home next to Lance’s represents the latter, and just happens to have a virtually identical comparable sold to illustrate the market slide of the past eighteen months.  Asking price has slid from nearly 10million to now $6.8m. You can top Lance by purchasing the virtually same gorgeous property, only a bit larger, for about $2-3million dollars less.  You can join him by moving in next door.

So go ahead and revel in your real estate victory.  Beat Lance. But remember that to own in this setting, you both have made solid Aspen real estate investments, you’re both winners, and of course, to gloat is not neighborly.

for more details, map and full photos, email me:  Keith Hartigan -View West Properties, Aspen  970.261.4442

keith.hartigan@gmail.com

price range: $20,000 – $200,000

If you can’t make it in today, Larry Godwin of Wells Music can help match you with with your dream piano..only used for 1 summer..and broken in by some of the worlds best musicians. +1 800.861.0050 larry.godwin@schmittmusic.com

• Have a summer aspen rental booked?
• Fish for trout from this private deck!
• then cook them on your Carrera marble gourmet kitchen
• 19 serene acres along Castle Creek
• 4bedrooms, 6baths
• 5 minutes to downtown Aspen
• rents weekly or monthly (10k/week, 35k/month)
• contact us for more beautiful photos and info on this property and others..