LIV Magazine Crested Butte | Vol 4 Issue 2 2022

magazine

in your dream home

livcrestedbutte.com | 970.349.6653

Pictured: 33 Aperture Lane, Crested Butte, CO | More Details on p. 25

Each Office is Independently Owned and Operated.

The life you love.

Crested Butte Mountain Resort has opened for the 2022/2023 ski season, and as I was riding the lift to take my first turns of the season, I couldn’t help but be filled with gratitude. Gratitude for a spring and summer blessed with rain, which led to the most spectacular wildflower season I’ve seen in 25 years. Gratitude for a fall season that kept giving with its long, warm days and brilliant colors as the aspen leaves changed. Gratitude to be healthy and strong enough to enjoy another ski season. Gratitude to be a part of the most successful real estate firm in Gunnison County…and the list goes on and on.

Heraclitus, a Greek philosopher, is quoted as saying "change is the only constant in life." And boy was he spot on! In the past 2 years, we experienced a pandemic that (literally) closed Crested Butte and a re-opening that unexpectedly led to the strongest and fiercest real estate market this area has ever seen. We’ve also witnessed unsustainable inflation that led to an increase of interest rates and a drastic (yet necessary) shift in the market that now requires sellers to price their homes appropriately and gives buyers an opportunity to slow down, take a deep breath, and negotiate pricing and contingencies that were not possible just 6 months

Jaima Giles Alsum

JAIMA GILES-ALSUM

Vice President and Managing Broker, Crested Butte LIV Sotheby’s International Realty

ago. The changes have been fast and furious, but I remain grateful as these changes have led to growth, both personally and professionally, and to a heightened level of respect that I hold for my community and my colleagues.

As the Managing Broker of the LIV Sotheby’s International Realty's Crested Butte office, I weather the continued changes alongside the most professional, charismatic, and dedicated real estate advisors in the valley. With an average of over 20 years living in the county and a combined average of 45 years in the business, I’m surrounded and inspired by passionate, experienced agents that rise to the challenges and provide an advanced level of service regardless of the storm. Why? Because change brings out the best in us. Change allows us to connect with our clients, our friends, and our community. And change inspires us to discreetly remain the market leaders in Gunnison County. So, as we head into the next “unknown,” I say- with an abundance of gratitude- “BRING IT”.

Happy Winter from the Crested Butte team. We hope you enjoy this magazine as much as we do!

Reframing resort real estate

Talk to anyone looking to buy or sell a home and they’ll tell you they have apprehensions. There are many negative headlines circulating about the real estate market and economy in general right now. While the market has undergone significant changes over the last few months, one mustn’t forget that comparing today’s market to that of 2020 and 2021 is unfair and unrealistic. That time was a fluke in our nation’s history of real estate. And compared to prepandemic times, the current real estate market remains strong in Colorado’s resort towns. Let’s examine the driving economic forces in our current market and successful strategies for the months ahead.

The real hero of the strong real estate market in Colorado’s resort towns has been home prices. Years of limited inventory and high demand have pushed home prices up and kept the market strong despite the number of transactions being down significantly from 2021, albeit transactions are above pre-pandemic levels of 2019.

As Jaima Giles-Alsum, Vice President and Managing Broker for LIV Sotheby’s International Realty’s Crested Butte office, said “The transaction volume in 2021 was almost double what we would see in a typical year in Crested Butte, even when compared to strong sales years of the past. But when you compare 2022 data to the past several years without the anomaly of 2021, we are still in a strong market."

“Over the past three years, the market has changed, and our lives have changed. People are prioritizing their lifestyle.”

Pictured: 347 Overlook Trail, Gunnison, CO | More Details on p.57

Pictured: 29 Mulligan Drive, Crested Butte, CO | More Details on p.43

Why Have Home Prices Remained Strong?

With the location of Crested Butte in the Elk Mountains bordered by the Grand Mesa, Uncompahgre and Gunnison National Forests, and surrounded by 12,000- and 13,000foot peaks, there is a finite amount of land for building, which inherently places a ceiling on supply. This unique setting also creates the ultimate lifestyle that people continue to seek out.

As Dan Fitchett, President of Colorado Resort Markets at LIV Sotheby’s International Realty states, “Over the past three years, the market has changed, and our lives have changed. People are prioritizing their lifestyle, Colorado’s resort communities offer open space and recreation, and they are wonderful towns to raise families. Coupled with low inventory, this has kept home values strong.” This continued demand is in

part due to the mountain lifestyle offered in communities like Crested Butte. With worldclass skiing, expansive wilderness space, and a relaxed escape from city life, the Gunnison Valley provides an exceptional experience that’s very attractive to buyers.

“Despite unknown factors in the economy,” says Giles-Alsum “inventory remains low, and demand still surpasses supply. If a property is priced appropriately, there is still a chance for multiple offers.”

According to data in a recent article on housing trends from Bankrate, one analyst believes that the lower inventory will keep the market from slowing too much. “Seasonality plays an important role in the housing market, since it has an impact on housing demand and supply,” says Nadia Evangelou, senior economist and director of forecasting for the National Association of Realtors (NAR). Dennis Shirshikov, head of content at the real estate investment site Awning adds, “The only exception appears to be traditionally strong vacation rental markets, which have seen significant appreciation and resilience because of very low inventory levels.”

This drop in inventory has resulted in very short days on market in some of Colorado’s resort communities. For instance, Mt. Crested Butte had an average of 110 days on market January through September 2022, down 71.4% from 385 in 2021. Crested Butte South saw an average of just 106 days on market, down 47.8% when compared to January through September 2021, according to LIV Sotheby’s International Realty’s Micro Market Reports. Long renowned for its ski resort and winter activities, Crested Butte has become a year-round destination with festivals, hiking, biking, and fly-fishing among many outdoor recreation opportunities to choose from in the spring, summer, and fall, enticing more buyers to purchase second homes in the area.

Pictured: 922 Belleview Avenue, Crested Butte, CO | More Details on p.26

“Lower inventory and high demand gives way to properties selling at a quicker pace.”

Real Estate as an Investment Vehicle

As equity markets experience high volatility, cash buyers are turning to real estate as a more stable investment vehicle, resulting in strong demand for luxury properties in Colorado’s high-country communities.

Second-home buyers are seeing their homes not only as attractive investment options with historic stability and appreciation, but also as an asset they can enjoy while they ride out market fluctuation. Fitchett states “You can’t sleep in your investment portfolio, but you can build family memories, enjoy ski vacations, and create a legacy in your home while realizing an increase in its value.”

Many buyers are deciding to purchase and hold on to their vacation homes for at least 5-7 years, so they can enjoy everything that the mountains have to offer and safeguard

against a potential short-term leveling-off of price. Since ski resorts began opening across Colorado several decades ago, real estate has been a sound investment with prices continually increasing.

“As inflation rates rise, and developed markets continue to debase their currency, luxury real estate could be an attractive hedge and a way to get out of paper money,” says Jonathan Woloshin, head of real estate and financials research, UBS Wealth Management.

As visitors from Texas, Oklahoma, and other parts of Colorado fall in love with the Crested Butte way of life, they look at homes in the community as an investment and a place for their families to build memories for generations.

Cash Transactions Unaffected by Rate Hikes

Demand for the housing market continues to be healthy, particularly in the luxury second-home segment. Although the total share of mortgage rate locks for all second homes fell below pre-pandemic levels, this was in large part due to the medianto-lower end of the housing market. In addition, more than 50 percent of second-home buyers pay in all cash. For this reason, looking simply at second-home mortgage rate lock data is not the best indicator of true U.S. second home sales based on a recent article by Inman News.

With so many luxury property transactions taking place in cash, there is some innate immunity to the effects of rate hikes. Overall

transactions have declined between 20-30% depending on the market, but cash transactions are only down 8-9%. One example is the recent cash sale of a Gilded Age property in New York City as reported by the Wall Street Journal. The 20,000 square foot mansion on Fifth Avenue was once owned by a member of the Vanderbilt family and hadn’t changed ownership in 76 years. The buyer is a businessman based in London who was represented by Sotheby’s International Realty. It’s interesting to note that the buyer did not tour the property overlooking Central Park prior to closing, reminiscent of sight-unseen purchases during the frenzied multiple-offer sales of 2021.

Pictured: 14 Kokanee Lane, Mt. Crested Butte, CO | More Details on p.36

Nuances of Buying and Selling Homes in Crested Butte Now

“As we shift to a normalizing market, we welcome an environment that provides more opportunities for both buyers and sellers,” says Giles-Alsum. “It’s a time when experience in the ever-changing marketplace plays a pivotal role when it comes to the success of a transaction as lower inventory and high demand gives way to properties selling at a quicker pace.”

Low inventory combined with shorter days on market still makes conditions challenging for buyers. The peak weeks of ski season, holidays, and spring break schedules mean that all buyers are on similar timelines. Often buyers are trying to view homes after a day on the slopes and before dinner, and this compressed schedule will be evermore felt with reduced inventory this winter. Serious buyers will need to set time aside, especially when new homes come on the market.

Given the short days on market, it’s important to launch your home properly and priced correctly from the start. A savvy local broker who is familiar with the micro-markets within each community can help advise buyers and sellers on the appropriate price points for listing and for offers. Since first impressions are imperative to success, prioritizing home improvements to make the home appealing to potential buyers can be key. Another option is to create virtual renderings or tours of older properties, so potential buyers can visualize remodel possibilities and older homes will showcase in the best possible light.

Now more than ever, knowledge of the local real estate market is crucial, so all parties are informed about nuances in this everchanging marketplace. According to Giles-Alsum, “A local broker who knows the community and is familiar with the idiosyncrasies of our condo complexes, HOA’s, community policies, and short-term rental regulations is essential.” Since metrics of different areas within a town or neighborhood can vary widely, it is important that buyers and sellers are armed with accurate data from a trusted broker professional. With the guidance of a skilled real estate broker who has been through various ups and downs of the housing market, you can reach your lifestyle, financial, and real estate goals.

“You can’t sleep in your investment portfolio, but you can build family memories, enjoy ski vacations, and create a legacy in your home while realizing an increase in its value.”

Sotheby’s Auction House

Discussing the evolution of the luxury auction house

Since 1744, Sotheby’s has been the premier destination for buying and selling the finest art, exceptional jewels, and highly coveted items ranging from Michael Jordan’s gameworn jerseys to rare cars. Each year, the auction house hosts more than 600 auctions across its network of auction houses in 40 different countries. As one of the global authorities in the luxury space, Sotheby’s Auction House knows a thing or two about curating one-of-a-kind experiences and maintaining its brand’s legacy amidst the changing economic, generational, and societal trends.

LIV Sotheby’s International Realty had a conversation with Josh Pullan, Sotheby’s Auction House’s Head of Global Luxury Division, to learn more about the future of this long-standing luxury icon, what makes Sotheby’s such a trusted brand, and how it’s adapted to its centuries-old identity to meet today’s consumer expectations.

Sotheby’s Auction House’s Head of Global Luxury Division

Considering the shifts our culture has undergone in the past 200 years, Sotheby’s has experienced various evolutions to keep up with the latest trends and buyer preferences.

“The Sotheby’s brand is universally known and has a rich and deep heritage of 277 years, but it is also a business that has never stopped adapting, changing, and innovating throughout its long history,” said Pullan. “We

are constantly looking to innovate, foresee new trends, and pre-empt collectors’ demands.”

The brand was the first in its industry to shift to hybrid and live stream auction formats, which launched in June of 2020. These new offerings, combined with in-person experiences enhanced with state-of-the-art technology, have dramatically expanded access to an unprecedented number of participants, helping Sotheby’s deliver its best first-half performance to date reaching $4.3 billion in sales.

One of these nuances to the brand’s selection of auction experiences is the Sotheby’s App. Through this mobile app, collectors can discover extraordinary art and objects more easily, place bids from anywhere in the world, and receive real-time notifications about items of interest.

Much of these changes are being driven by the generational shift in wealth. Millennials

now have a lot of buying power and this is influencing what is being bought and sold and the way in which brands are marketing those items.

“We are definitely seeing a younger demographic participating in auctions throughout our business, but particularly in our luxury sector where Sotheby’s youngest clients are to be found. There are over 40% more bidders under 40 in our luxury sales than in the fine art side of the business. Also, digital art — NFTs — perhaps inevitably skew toward the younger generations who live more of their lives digitally. Last year 78% of NFT buyers were under 40,” noted Pullan.

This next generation is fueling sales in categories such as handbags and accessories and streetwear and modern collectibles. Both categories are sold almost exclusively online and are where Sotheby’s has the highest proportion of new and younger bidders and buyers. Anticipating trends, reacting to preference shifts, and aligning itself with the latest currents in consumer interests is how Sotheby’s has maintained its status as one of the most well-respected leaders in the luxury space.

“Sotheby’s is absolutely focused on adding value to our clients and providing them with the type of services they want and need. The core of our success with our clients

Josh Pullan

“We are constantly looking to innovate, foresee new trends, and pre-empt collectors demands.”

is our relationships, trust, and specialist knowledge,” Pullan said.

But even giants such as Sotheby’s can feel the effects of the changing economic environment. As the economy on the global scale continues to self-correct and return to a pre-pandemic state of “normal,” the waves of inflation are rippling into nearly every facet of the buying and selling experience. However, similarly to how investing in a home can help safeguard your money from inflation, so too can investing in fine art and high-value items.

“The market is global, and generally art is a good hedge for inflation and currency weakness. As a category, it has performed well in the past several decades and has outpaced inflation quite significantly over a long period of time.” Pullan went on to say,

“At the moment, we are continuing to see a strong and resilient market for art and luxury lifestyle. For instance, in August RM Sotheby’s broke world records, bringing in $239.2 million at its flagship auction at Monterey 2022, selling more than all other Monterey auctions combined.”

This example helps illustrate the strong desire of consumers to spend their hardearned money on things that inspire them, connect with them, and help them invest in themselves and their future. Just as LIV

Sotheby’s International Realty helps its clients and communities write their next chapter through buying and selling homes that represent their own definition of paradise, Sotheby’s guides clients toward their happy place by assisting in the curation of pieces that mean the most to them.

Pullan commented, “Throughout our long history we have promoted access to and ownership of the most exceptional art and luxury objects. Our vision remains to be the leading and most trusted global marketplace for art, luxury, and lifestyle.”

Expand your collection or begin building one with the help of Sotheby’s by downloading the mobile app, visiting the newly opened permanent gallery in the heart of Aspen, or checking out sothebys.com.

The highest value lot bought by a collector under 40 is the Yoga Labs by 101 Bored Ape Yacht Club for $24.4 million USD

Discover Your Next Chapter

Crested Butte

Located at the foot of the Elk Mountains and incorporated in 1880, the Town of Crested Butte is a National Historic District that rests at an elevation of 8,885 feet. Explorer Ferdinand Hayden referred to the dominant peak guarding the residents as a “crested butte,” and the namesake was born.

In the late 1800’s Crested Butte thrived as a coalproducing supply town to the many mining camps nearby, which attracted a mix of immigrant workers from Europe, especially the Slavic countries. Colorado Fuel & Iron was the dominant employer at the time, operating mines whose names are familiar to skiers; Jokerville, Keystone, Twister, and Peanut.

By the late 1950’s, the mines closed and the tracks of the Denver & Rio Grande Railroad were pulled up, making way for a new era built on another plentiful resource; snow. The Crested Butte ski area opened in 1961 and serves as one of the primary economic drivers of the Valley. With skiing came a new breed of local leaders who diversified the town’s identity to include cultural heritage.

The town is listed on the National Register of Historic Places and has received state and national accolades for historic preservation. In addition, demand for the “off season” grew such that the Town’s summer sales tax revenues have outpaced the winter.

A diverse collection of restaurants, bars and shops animate Elk Avenue, which are complimented by an amazing line-up of special events, long-running festivals—Wildflower, Arts, Music, Film—athletic competitions—Grand Traverse, Alley Loop, Chainless Race— and regular programming offered by a host of local non-profits—Center for the Arts, Mountain Theatre, Land Trust, Mountain Bike Association, Nordic Center, KBUT Radio.

Other drivers of the Crested Butte socio-economic scene include the acclaimed Crested Butte Community School, Western Colorado University, Gunnison Valley Hospital, the Gunnison-Crested Butte Regional Airport and now mountain biking and hiking trails.

CRESTED BUTTE

818 Elk Avenue / $3,600,000

4 Bedrooms, 2.5 Bathrooms, 2,344 Square Feet

MLS 797757

Jaima Giles-Alsum 970.275.9357

CRESTED BUTTE

15 Third Street / $3,350,000 4 Bedrooms, 3.5 Bathrooms, 2,208 Square Feet MLS 796664

Jaima Giles-Alsum 970.275.9357

CRESTED BUTTE

20 Butte Avenue / $1,900,000

2 Bedrooms, 2 Bathrooms, 1,446 Square Feet

MLS 795794

Kiley Flint 970.596.3219

CRESTED BUTTE

710 Ninth Street / $1,895,000

4 Bedrooms, 2.5 Bathrooms, 2,248 Square Feet

MLS 793648

Channing Boucher 970.596.3228

CRESTED BUTTE

327 Elk Avenue / $1,895,000

5 Bedrooms, 3.5 Bathrooms, 3,020 Square Feet

MLS 793793

Kiley Flint 970.596.3219

CRESTED BUTTE

525 Red Lady Avenue, Unit 141 / $1,649,000

Business Opportunity + Real Estate, 1,752 Square Feet

MLS 797282

Channing Boucher 970.596.3228

CRESTED BUTTE

509 & 511 Red Lady Avenue, Units 220-223 / $1,490,000

Re-development Opportunity, 3,282 Square Feet MLS 799085

Nikki Pulitzer 970.209.9004

CRESTED BUTTE

409/411 & 413 Belleview Avenue / $1,350,000

Commercial & Residential, 0.21 Acres MLS 790413

Sam Lumb 970.275.2448

CRESTED BUTTE

422 Sopris Avenue / $1,050,000

Vacant Land, 0.14 Acres MLS 788771

Channing Boucher 970.596.3228

CRESTED BUTTE

5 Seventh Street / $1,000,000

2 Bedrooms, 2 Bathrooms, 805 Square Feet MLS 798133

Jaima Giles-Alsum 970.275.9357

Mt. Crested Butte

Rising above Crested Butte by 500 vertical feet, the Town of Mt. Crested Butte (Mt. CB) lies across the Upper East River Valley from the protected West Elk Wilderness Area, where 6 of Colorado’s 54 fourteeners are located — Castle, Maroon, Capitol, Snowmass, Pyramid, and North Maroon. These, together with Gothic, Teocalli, and the Town’s namesake peak, wrap Mt. CB with dramatic panoramas.

Approximately 800 people live in the Town, which was formed in 1974 to gain local governance at a time when development was taking off around the fledgling ski area. Skier visits peaked in the late 1990s with over 500,000 skier-days recorded thanks to the expansion of direct jet service into Gunnison, the local bed base and notoriety from Ski Free, ESPN X-Games, U.S. Extreme Skiing Championships and other events and promotions.

Following family ownership during its first 57 years, Crested Butte Mountain Resort (CBMR) is now owned by the publicly traded industry leader, Vail Resorts. Today, CBMR operates 15 lifts and 121 trails on 1,500+ acres in the winter and has a robust summer business built around mountain biking, scenic lift rides, zip line tours and other adventure activities. In addition, restaurants, shops, condominiums, hotels, lodges, summer concerts and mountain bike race series energize the base area.

The recreation path and Mountain Express connect Mt. CB to its older sister, three miles down Gothic Road (CR317). It should be noted two long-standing beacons of the community have targeted Mt. CB for their headquarters. The Adaptive Sports Center, delivering exceptional year-round adventure activities to people with disabilities since 1987, opened their $14 million administrative and programming building in 2019. Rocky Mountain Biological Lab (RMBL), active since 1928, is studying a new campus with 25,000 SF of commercial space and up to 40 dwelling units in the proposed Village at Mt. Crested Butte development.

Kiley Flint 970.596.3219

MT. CRESTED BUTTE

14 Hunter Hill Road, Unit A208 / $2,495,000

2 Bedrooms, 2.5 Bathrooms, 1,936 Square Feet MLS 798910

Channing Boucher 970.596.3228

MT. CRESTED BUTTE

21 Kokanee Lane / $2,000,000

Vacant Land, 0.68 Acres MLS 796386

Gary Huresky 970.209.2421

MT. CRESTED BUTTE

E38 Prospect Drive / $1,485,000

Vacant Land, 1.07 Acres MLS 795785

Michelle Rampelt 970.393.6077

Cassie Slentz Gates 970.596.5516

MT. CRESTED BUTTE

14 Walking Deer Lane / $1,250,000

Vacant Land, 0.82 Acres MLS 793444

Nikki Pulitzer 970.209.9004

MT. CRESTED BUTTE

72 Hunter Hill Road, Unit I-304 / $1,175,000

4 Bedrooms, 3 Bathrooms, 1,833 Square Feet

MLS 799832

Kiley Flint 970.596.3219

MT. CRESTED BUTTE

Black Bear Lodge, 9 Hunter Hill Road, Unit 105 / $1,050,000

2 Bedrooms, 2 Bathrooms, 1,111 Square Feet

MLS 799593

Scout Walton 970.846.3297

MT. CRESTED BUTTE

114 Big Sky Drive, Unit A / $999,000

3 Bedrooms, 2.5 Bathrooms, 1,401 Square Feet

MLS 799833

Kiley Flint 970.596.3219

MT. CRESTED BUTTE

11 Snowmass Road, Unit 539 / $995,000

3 Bedrooms, 3 Bathrooms, 1,374 Square Feet

MLS 798956

Nikki Pulitzer 970.209.9004

MT. CRESTED BUTTE

20 Snowfall Drive, Unit A1 / $900,000 2+ Bedrooms, 2 Bathrooms, 1,072 Square Feet MLS 799676

Jaima Giles-Alsum 970.275.9357

MT. CRESTED BUTTE

25 Whetstone Road / $450,000

Vacant Land, 0.49 Acres MLS 791399

Gary Huresky 970.209.2421

MT. CRESTED BUTTE

110 Pitchfork Drive, Unit C / $280,000

Studio, 1 Bathroom, 597 Square Feet MLS 798640

Di Bridges 970.901.0888

MT. CRESTED BUTTE

6 Emmons Road, Unit 181 / $185,000

Studio, 1 Bathroom, 326 Square Feet MLS 791428

Sam Lumb 970.275.2448

Rural Crested Butte

Outside the limits of the towns of Crested Butte and Mt. Crested Butte lie several prominent Upper Valley neighborhoods and lower density 35-acre subdivisions, which profit from intoxicating views of the stunning peaks, lush drainages and alpenglow colors. Some even enjoy fishing access on the Slate and East Rivers. Many of these surrounding lands are held in conservation either by the Crested Butte Land Trust, the Town of Crested Butte or the Gunnison Ranchlands Conservation Legacy for open space protection, ranching preservation and winter and summer trail systems.

Located in the corridor off the Gothic Road (CR 317), are higher end homes and home sites in Glacier Lily, Saddle Ridge, Three Valleys, Moon Ridge and Aperture. Tucked back off County Roads 811 and 734, following the Washington Gulch and Slate River drainages are local-friendly Meridian Lake and several more exclusive enclaves— Pristine Point, Smith Hill Ranches, Wildbird and Alpine Meadows. Perched above Crested Butte and the Coal Creek drainage are various filings of Trapper’s Crossing and the McCormick, Whetstone Mountain, and Hidden Mine Ranches on the Valley floor. Skyland, only two miles south of Crested Butte, boasts many luxury properties surrounding Grant Lake, the Robert Trent Jones Jr. championship golf course and other amenities of the Club at Crested Butte.

Also served by Brush Creek Road (CR 738) are the newer communities of Buckhorn Ranch—home to the Crested Butte Airpark— Larkspur and Silver Sage. Riverbend and the Crested Butte South area are preferred by many locals, while Hidden River Ranch, East River Ranches and Red Mountain Ranch offer more exclusive larger tracts. All of these properties on the outskirts of Crested Butte cater to those prioritizing more privacy and commanding views of Whetstone, Axtell, Emmons and the Paradise Divide.

Crested Butte South

Riverland, Riverbend, Skyland & Buckhorn

RURAL CRESTED BUTTE

449 Red Mountain Road / $2,995,000

4 Bedrooms, 5 Bathrooms, 3,551 Square Feet

MLS 796217

Channing Boucher 970.596.3228

SKYLAND / RURAL CRESTED BUTTE

11 Short Drive / $2,140,000

3 Bedrooms, 3.5 Bathrooms, 2,784 Square Feet

MLS 793906

Scout Walton 970.846.3297

RURAL CRESTED BUTTE

1360 Red Mountain Ranch Road / $1,250,000

Vacant Land, 35.1 Acres MLS 770639

Channing Boucher 970.596.3228

RURAL CRESTED BUTTE

175 Saddle Ridge Ranch Road / $1,250,000

Vacant Land, 2.57 Acres MLS 794164

Nikki Pulitzer 970.209.9004

RURAL CRESTED BUTTE

214 Hidden Mine Road / $1,200,000

Vacant Land, 35.1 Acres MLS 795307

Kiley Flint 970.596.3219

RURAL CRESTED BUTTE

TBD Hidden Mine Road, Lot 11 / $1,100,000 Vacant Land, 91 Acres MLS 791792

Gary Huresky 970.209.2421

BUCKHORN

RANCH / RURAL CRESTED BUTTE

101 Elk Valley Road #6A / $935,000

3 Bedrooms, 2 Bathrooms, 1,144 Square Feet MLS 796778

Martin Spencer 970.452.9700

RURAL CRESTED BUTTE

841 Hidden Mine Road / $850,000

Vacant Land, 35.1 Acres MLS 783867

Channing Boucher 970.596.3228

SKYLAND / RURAL CRESTED BUTTE

215 Trent Jones Way / $795,000

Vacant Land, 0.36 Acres MLS 797802

Sam Lumb 970.275.2448

SKYLAND

/ RURAL CRESTED BUTTE

221 Trent Jones Way / $750,000

Vacant Land, 0.37 Acres MLS 795245

Martin Spencer 970.452.9700

SKYLAND / RURAL CRESTED BUTTE

468 Country Club Drive / $715,000

Vacant Land, 0.73 Acres MLS 797167

Nikki Pulitzer 970.209.9004

RURAL CRESTED BUTTE

TBD County Road 317 / $699,000

Vacant Land, 2.04 Acres MLS 795275

Kiley Flint 970.596.3219

RURAL CRESTED BUTTE

TBD Hidden Mine Road, Lot 18 / $675,000

Vacant Land, 35.1 Acres MLS 791551

Gary Huresky 970.209.2421

RURAL CRESTED BUTTE

TBD Whispering Pines Lane, Lot 13 / $645,000 Vacant Land, 35.5 Acres MLS 798864

Jaima Giles-Alsum 970.275.9357

RURAL CRESTED BUTTE

150 Aspen Lane, Unit 2A / $635,000

3 Bedrooms, 2 Bathrooms, 1,171 Square Feet MLS 795737

Cathy Benson 970.209.5015

Cassie Slentz Gates 970.596.5516

Betsy Wiebe 970.209.8643

BUCKHORN RANCH / RURAL CRESTED BUTTE

448 Lake Ridge Drive / $495,000

Vacant Land, 0.75 Acres MLS 793331

Channing Boucher 970.596.3228

CRESTED BUTTE SOUTH

196 Neville Way / $325,000

Vacant Land, 0.35 Acres MLS 794198

Sam Lumb 970.275.2448

CRESTED BUTTE SOUTH

252 Neville Way / $280,000

Vacant Land, 0.51 Acres MLS 799172

Larry Neilson 970.209.7849

CRESTED BUTTE SOUTH

230 Neville Way / $275,000

Vacant Land, 0.44 Acres MLS 799171

Larry Neilson 970.209.7849

CRESTED BUTTE SOUTH

229 Anderson Drive / $249,000

Vacant Land, 0.33 Acres MLS 793443

Sam Lumb 970.275.2448

CRESTED BUTTE SOUTH

228 Zeligman Street / $243,500

Vacant Land, 0.35 Acres MLS 794913

Sam Lumb 970.275.2448

Gunnison & Surrounding Area

Almont is located halfway between Crested Butte and Gunnison, where the East and Taylor Rivers meet to form the Gunnison River. On the way along Highway 135 are three high-end ranch subdivisions south of Round Mountain—Reserve at East River, Danni Ranch and Roaring Judy Ranch. Almont is home to three long-time dude ranches offering multiple options for cabin lodging, dining, drinking, fishing, rafting, horseback riding and other excursions.

County Road 742, winding through the Taylor River Canyon, leads to more real estate options at Wilder/ Wapiti Canyon Ranch, Spring Creek and Crystal Creek subdivisions. The legendary trout fishing on the Taylor River is enhanced by the Taylor Park Reservoir, 20 miles upstream from Almont, which has a small marina. County Road 209 is a newly paved scenic wonder leading to Buena Vista over Cottonwood Pass (summer route only) topping out at a breathtaking 12,119 feet.

The City of Gunnison sits at the intersection of Highways 135 and 50 and is named after an explorer charting routes for the transcontinental railroad in the mid-1850s. Like the Town of Crested Butte, Gunnison prospered from a mining boom and then later the cattle industry, which has been celebrated for 120 years by the Cattlemen’s Days Rodeo.

Gunnison serves as the County seat and is home to many important community assets— Western Colorado University (founded in 1901), Gunnison Valley Health System (since 1938), Black Canyon of the Gunnison (awarded National Park status in 1999), Curecanti National Recreation Area, three State Wildlife Areas, Dos Rios Golf Course, Recreation/Aquatic Center and Gunnison-Crested Butte Regional Airport (9,400’ runway).

Real estate options include more affordable properties in and around the city limits and large tract options in the verdant Ohio Creek Valley of Eagle Ridge Ranch, Star Mountain Ranch and Wilderness Streams.

LAKE CITY

TBD County Road 36 / $925,000

Mining Claims + Historic Buildings, 305 Acres

MLS 793736

Martin Spencer 970.452.9700

ALMONT

1501 County Road 813 / $800,000

2 Bedrooms, 1.5 Bathrooms, 1,145 Square Feet, 1 Acre MLS 795991

Di Bridges 970.901.0888

RURAL GUNNISON

TBD Esty Lane / $300,000

Vacant Land, 16.88 Acres

MLS 791881

Jill Sickels Matlock 970.275.0595

for new horizons

New Developments

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Winter Events

12.08, 01.05, 02.02, 03.02

Trivia Thursdays with Quiz Quiz Bang Bang, Center for the Arts

12.10

Mt. Crested Butte Light Up Night 12.28

Polka Party with Pete Dunda, Crested Butte Museum 12.29

Easy Jim Benefit Concert for Valley Housing Fund, Center for the Arts 12.31

New Year’s Eve Torchlight Parade & Fireworks, Crested Butte Mountain Resort 12.31

Southern Avenue New Year’s Eve Concert, Center for the Arts 01.06

12th Night, Visitor's Center 02.11 - 02.12

Colorado Crafted, Mt. Crested Butte

02.04

Alley Loop Nordic Marathon, Elk Avenue 03.19

Al Johnson Telemark Race, Crested Butte Mountain Resort 03.29 - 04.02

03.20

Flauschink, Crested Butte 03.31

KBUT’s Disco Inferno, Center for the Arts

Crested Butte Museum’s Historic Pub Crawl 04.01

Grand Traverse, Mt. Crested Butte

04.02

Crested Butte Mountain Resort Closing Day

05.06

Western Colorado University Graduation

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21 Brokers with an average of 20 Years living in the Gunnison Valley and 45 Years of real estate experience.

LIV Sotheby's International Realty's dedication to helping the people and organizations that make Crested Butte an amazing place to live reaches far beyond offering expert real estate advice. Together, through small acts of service, we can make a big difference. Here is a snapshot of some of the incredible events and initiatives we were proud to assist with in recent months.

LIV Sotheby's International Realty is a proud sponsor of the 18th Annual Bridges of the Butte, a fundraiser for the Adaptive Sports Center. Adaptive seeks to enhance the quality of life for people with disabilities through exceptional outdoor adventure activities.

The team at LIV Sotheby's International Realty hosted a pizza and movie night to kick off the 2022-2023 membership drive for the Crested Butte Snowsports Foundation. The local non-profit offers support by way of education and grants to those in need who wish to participate in the high-quality, competitive mountain sports winter program.

Jaima Giles-Alsum, along with friends and clients, paused for a break during the Bridges of the Butte Townie tour, in which participants don costumes and ride bikes over Crested Butte's many bridges to raise funds for the Adaptive Sports Center.

Kiley Flint attended the Crested Butte Land Trust Yurt Dinner, a winter event to raise funds to forever protect and steward open lands for vistas, recreation, wildlife and ranching, contributing to the preservation of Gunnison County's unique heritage and quality of life.

Betsy Weibe, Tucker Brown, Jaima Giles-Alsum and Scout Walton spent a sunny afternoon playing golf to raise funds for the Adaptive Sports Center at the Crested Butte Open.

blue Paint the Town

Being together is a powerful thing. Together we create, learn, connect, and grow. This season, the team of expert real estate brokers and staff at LIV Sotheby’s International Realty looks forward to helping even more people live a life they love, together.