Above the street-level commercial space, currently home to the well-established McGill's restaurant, a spacious two-bedroom, two-bath residence with a loft adds a special level of versatility to this mixed-use offering. Included as part of the sale of the entire property, the residence provides an ideal opportunity for an owner-occupant, employee housing, a long-term rental, or a private mountain retreat. The living room windows overlook Elk Avenue, offering a sought-after perspective of downtown Crested Butte and its year-round energy, from everyday activity to the community's celebrated events and festivals. The thoughtfully designed floor plan includes two bedrooms, two baths, and a generous loft that overlooks the living room and through the windows onto Elk Ave. A private deck at the rear of the residence provides a quiet outdoor escape, while separate access from both Elk Avenue and the alley offers convenience and privacy found in this downtown property. Whether preserving the existing restaurant, leasing the commercial space, or reimagining its future, the residential component enhances both the functionality and long-term value of this remarkable downtown property.
Active
$6,995,000
228 Elk Avenue, Crested Butte, CO 81224
2beds
3,492sqft
Condominium
Built in 1882
-- sqft lot
$6,535,800 Zestimate®
$2,003/sqft
$-- HOA
What's special
Spacious two-bedroom two-bath residenceThoughtfully designed floor planQuiet outdoor escape
- 39 days
- 386
- 4
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Betsy Wiebe C:970-209-8643,
LIV Sotheby's International Realty - CB
Source: CREN,MLS#: 837411
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Level: Upper
Heating
- Radiant Floor
Appliances
- Included: Range, Refrigerator, Dishwasher, Washer, Dryer, Disposal
- Laundry: W/D Hookup
Features
- Flooring: Hardwood
Interior area
- Total structure area: 3,492
- Total interior livable area: 3,492 sqft
Property
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 3,049 Square Feet
Details
- Parcel number: 325503150003
- Zoning description: Mixed-Use
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
Materials
- Wood, Wood Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1882
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet, Natural Gas Connected
Community & HOA
Community
- Subdivision: Crested Butte (Town of)
HOA
- Has HOA: No
Location
- Region: Crested Butte
Financial & listing details
- Price per square foot: $2,003/sqft
- Tax assessed value: $2,609,490
- Annual tax amount: $32,105
- Date on market: 7/23/2026
- Electric utility on property: Yes
Estimated market value
$6,535,800
$6.21M - $6.86M
$3,072/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Listed for sale | $6,995,000+599.5%$2,003/sqft |
Source: | ||
| 7/17/2017 | Sold | $1,000,000+48.1%$286/sqft |
Source: Agent Provided Report a problem | ||
| 2/24/2005 | Sold | $675,000$193/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,312 +2.8% | $448,530 +17.2% |
| 2024 | $24,625 +43% | $382,850 +5.6% |
| 2023 | $17,218 +12.8% | $362,490 +65% |
| 2022 | $15,259 +13.6% | $219,670 -0.7% |
| 2021 | $13,432 | $221,170 +12.5% |
| 2020 | $13,432 +21.5% | $196,520 -0.2% |
| 2019 | $11,057 | $196,820 +23.4% |
| 2018 | $11,057 | $159,510 |
| 2017 | $11,057 -0.7% | $159,510 +9.9% |
| 2016 | $11,131 | $145,200 |
| 2015 | -- | $145,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 81224
Nearby schools
Schools provided by the listing agent
- Elementary: Gunnison 1-5
- Middle: Gunnison 6-8
- High: Gunnison 9-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




