Basalt Real Estate
4959 Frying Pan Road, Basalt
Type: Multi-Family Lot
$102,186.31 per square foot
GREAT OPPORTUNITY to build a legacy home, or subdivide into lots of at least 2-acres, on this 21 acre property in the beautiful Frying Pan River Valley just 4.8 miles from downtown Basalt. Enjoy this 21 acre site with great views and beautiful two acre pond with lots of trees. Plenty of water rights (see summary under documents) for housing and irrigation. The property is currently improved with 3 cabins and 5 mobile home pads that produce gross rental income of $75,600 annually with net income after expenses of about $45,000. Rural Residential zoning allows for up to 10 two acre lots (see zoning summary in documents). Enjoy snowmobiling, hiking, mountain biking right outside your door with boating and sailing at Ruedi Reservoir just a few miles up the road.
Listing information courtesy of Coldwell Banker Mason Morse-Aspen