700 S Garmisch Street

Description

This is it, the only undeveloped single-family property in the Lift 1 Aspen Mountain base area. Lot 2 of the Barbee Family PUD is Located only a 400 ft, gentle grade walk from the planned Lift 1 ski lift and redeveloped area. Situated only three blocks to the heart of downtown Aspen's shopping, dining and nightlife. The homesite also backs to conserved open space that is a forever protected scenic wildlife area that has ideal access to trails and local pocket park, great for dog lovers. A building permit is pending and all affordable housing obligations and land use requirements have been satisfied. Compare that to other properties in Aspen that are subject to a lengthy, often multi-year entitlement and development process. Adjacent lot sold for $24,500,000 in 2021.The years of gaining subdivision approvals and planning give this lot a distinct advantage and is great to buy and build or hold as an investment. Lot 2 of the Barbee Subdivision is 11,705 square feet with the ability to build 4,500 square feet above-grade. All sub-grade space is exempt. The new chair lift/gondola that is slated to be developed makes this homesite ski accessible on Aspen Mountain with a rare, easy path to a new construction home in prime downtown Aspen.