Skip main navigation
Active
  • $2,999,000

    525 Red Lady Avenue #241 - 246, Crested Butte, CO 81224

    6beds
    5,855sqft
    : 
    $18,481/mo
    Get pre-qualified
    Apartment
    Built in 1997
    -- sqft lot
    $2,770,400 Zestimate®
    $512/sqft
    $-- HOA

    What's special

    Gas fireplace
    Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.
    58 days
    |
    150
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Caleb Brewer 970-209-1911,

    Peak Property Management & Sales

    Source: CREN,MLS#: 835725MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 6
      Primary bedroom
      • Level: Main
      Dining room
      • Features: Kitchen Bar
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Flooring: Carpet, Tile
      • Basement: Crawl Space
      • Has fireplace: Yes
      • Fireplace features: Living Room
      Interior area
      • Total structure area: 5,855
      • Total interior livable area: 5,855 sqft

      Property

      Parking
      • Parking features: 1 per unit, Assigned, Off Street
      Features
      • Levels: Two
      • Stories: 2
      • Has view: Yes
      • View description: Mountain(s)
      Details
      • Parcel number: 325503186021
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Apartment
      • Attached to another structure: Yes
      Materials
      • Wood Siding
      • Roof: Rolled/Hot Mop
      Condition
      • New construction: No
      • Year built: 1997

      Utilities & green energy

      • Sewer: City Sewer
      • Water: City Water
      • Utilities for property: Metered for Electricity, Metered for Gas

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: Yes
      • HOA name: Majestic Condominium Association
      Location
      • Region: Crested Butte

      Financial & listing details

      • Price per square foot: $512/sqft
      • Annual tax amount: $10,094
      • Date on market: 6/8/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        $2,770,400

        $2.63M - $2.91M

        $5,585/mo

        Price history

        DateEventPrice
        6/8/2026Listed for sale$2,999,000-3.1%$512/sqft
        Source: CREN #835725 Report a problem
        4/8/2026Listing removed$3,095,000$529/sqft
        Source: CREN #829584 Report a problem
        10/29/2025Listed for sale$3,095,000$529/sqft
        Source: CREN #829584 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 81224

        Getting around

        70 / 100
        Somewhat Walkable
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes