Only 10 minutes from downtown Crested Butte and the ski resort, yet 506 Nicholson Lake Ridge Road feels worlds away! Located in the coveted Alpine Meadows subdivision, this 1.64-acre property is your last chance to design and build a home along the spectacular lakeside ridge of the neighborhood (after this, there are no more lots left!). With year-round access, it combines the privacy and tranquility of a rural mountain setting with incredible proximity to town. Standing on the lot among the mature pines, there’s a real nostalgic cabin-by-the-lake feel. Uniquely, Alpine Meadows does not have designated building envelopes, giving you the flexibility to choose the build site and views that best suit your vision. Toward the front of the lot, you could orient the home to capture views of Paradise Divide, as well as take advantage of great southern exposure for solar gain. Toward the back, selective tree clearing could open up gorgeous views of Mt. Crested Butte and Nicholson Lake, one of the neighborhood’s defining amenities. The private lake is shared by just 22 homeowners and enjoyed for fishing, swimming, paddleboarding, and more. Just beyond it, the Lupine Trailhead provides convenient summer access to miles of trails, with the Oh Be Joyful Valley and Paradise Divide farther up the road. In winter, the road closes just past the lake, putting snowmobiling, snowshoeing, cross-country skiing, and backcountry recreation practically outside your door. The current owners have already completed valuable preliminary due diligence, including soils testing and surveys. Water and power are available at the lot, and an existing shed is served by 200-amp electrical service, providing useful storage and functionality from day one. There simply are not many places left where you can build something entirely your own, enjoy a private lake and year-round recreation, and still be this close to Crested Butte. 506 Nicholson Lake Ridge Road is one of them.
Active
$865,000
506 Nicholson Lake Ridge Road, Crested Butte, CO 81224
--beds
--baths
1.64Acres
Unimproved Land
Built in ----
1.64 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Views of paradise divideSpectacular lakeside ridgeYear-round access
- 6 days
- 198
- 14
Zillow last checked:
Listing updated:
Listed by:
Alexandra Richland C:571-550-0821,
Signature Properties Ebner & Associates, LLC
Source: CREN,MLS#: 838518
Facts & features
Property
Features
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: Lake/Reservoir
Lot
- Size: 1.64 Acres
- Features: Wooded, Cul-De-Sac, Fishing Rights
Details
- Additional structures: Equipment Shed
- Parcel number: 317728002006
- Zoning description: Residential Single Family
Utilities & green energy
- Sewer: Septic Tank
- Water: Well-Other
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Alpine Meadows
HOA
- Has HOA: Yes
- HOA name: Alpine Meadows
Location
- Region: Slate River Valley
Financial & listing details
- Tax assessed value: $531,960
- Annual tax amount: $8,488
- Date on market: 8/28/2026
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,882/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $865,000+27.2% |
Source: | ||
| 2/18/2021 | Sold | $680,000 |
Source: Public Record Report a problem | ||
| 1/5/2021 | Pending sale | $680,000 |
Source: Bluebird Real Estate #768918 Report a problem | ||
| 5/1/2020 | Listed for sale | $680,000 |
Source: Bluebird Real Estate #768918 Report a problem | ||
| 11/1/2019 | Listing removed | $680,000 |
Source: Bluebird Real Estate #762473 Report a problem | ||
| 8/29/2019 | Listed for sale | $680,000 |
Source: Bluebird Real Estate #762473 Report a problem | ||
| 10/10/2007 | Sold | $680,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,722 +3.2% | $143,630 -4% |
| 2024 | $8,456 +54.9% | $149,680 +3.9% |
| 2023 | $5,459 +528.9% | $144,010 +79.4% |
| 2022 | $868 -29.3% | $80,270 +442% |
| 2021 | $1,228 | $14,810 -30.1% |
| 2020 | $1,228 +57.5% | $21,180 -0.7% |
| 2019 | $780 | $21,330 +60.5% |
| 2018 | $780 | $13,290 |
| 2017 | $780 | $13,290 +34% |
| 2015 | -- | $9,920 +18.2% |
| 2014 | -- | $8,390 |
| 2013 | -- | $8,390 -49.4% |
| 2012 | -- | $16,590 |
| 2011 | -- | $16,590 -40.5% |
| 2010 | -- | $27,870 +0% |
| 2009 | -- | $27,860 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 81224
Nearby schools
Schools provided by the listing agent
- Elementary: Crested Butte Community K-12
- Middle: Crested Butte Community K-12
- High: Crested Butte Community K-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





