Mountain home hits auction block |

Mountain home hits auction block

Aspen Times StaffAspen, CO Colorado
The Red Mountain House on the Crystal River is on the auction block; the starting bid is $695,000. (Submitted photo)

REDSTONE, Colo. Living up the Crystal River will become someones dream this fall when a massive property goes on the auction block. The starting bid for the riverfront log home is $ 695,000. It was previously offered at $ 2.4 million. The property is scheduled to be auctioned off on Oct. 7 at the St. Regis Hotel. National real estate auctioneer Sheldon Good & Co. will conduct the auction. I dont believe there is a chance to make a better buy anywhere in the country, said Jim MacDonnell, executive managing director at Sheldon Good & Co. What we have is a very motivated seller with a spectacular property in a phenomenal location. The property has a private gated entry, situated on 10.36 acres with 1,457 feet of frontage on the Crystal River in Redstone, located south of Carbondale. The home measures 4,333 square feet, featuring three bedrooms and three bathrooms in the main house, as well as several outbuildings, which house wood- and metal-working shops, a design studio, offices and a barn/stable. A historic log cabin, which has been fully restored, serves as a guesthouse. The property also boasts its own Christmas tree farm with 3,000 blue spruce trees that are 3 to 8 feet tall. The grounds are fully irrigated, and the sale includes water rights for aquaculture, irrigation and fire protection. There are four ponds on the property, the largest of which is stocked with large trout and fitted with an aeration system to maintain oxygen levels for the fish and prevent freezing during the winter. The property is available for viewing by appointment at 1 p.m. on Aug. 25, Sept. 9, Sept. 22, Sept. 30 and Oct. 6. The entire property is to be sold absolute, regardless of price. Registration begins at noon, and the auction commences at 1 p.m. Phone bidding also is available for the auction with pre-registration. For a brochure, viewing dates, and additional information, call the auction hotline at (800) 374-4881.