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Residential Land for Sale in Aspen, Colorado

240 Buttermilk Ln, Aspen, CO 81611

$5,500,000
4.5 acres
Active
ago
Est $40,757/mo

One of Aspen's last remaining ski-in/ski-out estate opportunities, this exceptional 4.5-acre parcel is partially wooded and situated on the lower slopes of Buttermilk Mountain. The property allows for the construction of a residence up to 5,750 square feet, or up to 8,250 square feet with the addition of a Transferable Development Right (TDR). The Activity Envelope is currently in the approval process. Ideally positioned in a central Aspen location, the property offers convenient access to Pitkin County Airport (3 miles), Aspen Highlands (4 miles), Aspen Mountain (4.5 miles), and Snowmass Ski Area (5.5 miles). Buyer to independently verify all development potential to their satisfaction.

Location

Street address
240 Buttermilk Ln
Community
Buttermilk
Elevation
8,186 feet
Coordinates
39.2052, -106.8655

Directions

NO ACCESS WITHOUT CONSENT OF LISTING BROKER. Highway 82 to Owl Creek Rd. Left on W. Buttermilk Rd. First left onto Buttermilk Ln. Take the driveway split to the right up to 240 Buttermilk Ln. Parking is at the CDU site. Walk up to the Activity Envelope.

Property details

Acreage
4.5 acres
Zoning
AR-10
MLS #
AGSMLS 191421
Posted

Property taxes

2024
$38,611 - Subdivision: M/B BUTTERMILK Quarter: SE Section: 3 Township: 10

Parcels

  • 273503400036

Legal description

Details and features

Listing

Type
Land
Franchise
Sotheby's International Realty

Listing history

DateEventPriceChangeSource
Jan 23, 2026New listing$5,500,000AGSMLS
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This 4.5-acre property is located at 240 Buttermilk Ln in Aspen, CO 81611. The property is available for sale for $5,500,000 with a price per acre of $1,222,222.

Checked 7 hours ago — Updated

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Copyright (C) 2026 Aspen/Glenwood Springs MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Tyler Davis
Aspen Snowmass Sotheby's International Realty - Hyman Mall
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