Discover a rare opportunity to craft your dream home in the highly sought-after West End of Aspen. This property is perfectly situated on a desirable corner lot, directly across from cultural landmarks such as the Aspen Music Tent, Aspen Institute, and Herbert Bayer Museum. Enjoy the stunning natural beauty with access to the Rio Grande Trail for outdoor adventures, along with the amenities of the nearby Aspen Meadows Resort, which features tennis and pickleball facilities.
The existing well-maintained residence has been in the same family for over 50 years, offering a unique blend of charm and potential. With an approved demolition permit on file, this property provides the flexibility to either live in, renovate, or build anew--a rare find in one of Aspen's most prestigious neighborhoods. Seize the chance to create a personalized sanctuary in an unbeatable location that combines luxury living with outdoor lifestyle.
For sale
Price cut: $500K (7/15)
$10,995,000
531 Gillespie St, Aspen, CO 81611
4beds
3,596sqft
Single Family Residence
Built in 1968
8,712 Square Feet Lot
$10,212,900 Zestimate®
$3,058/sqft
$-- HOA
What's special
Existing well-maintained residenceUnique blend of charmStunning natural beauty
- 125 days |
- 684 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Lex Tarumianz (970)925-6060,
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Source: AGSMLS,MLS#: 192020
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Hot Water, Baseboard
Appliances
- Laundry: In Basement, Inside
Features
- Basement: Finished
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,596
- Total interior livable area: 3,596 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Lot
- Size: 8,712 Square Feet
- Features: Corner Lot, Landscaped
Details
- Parcel number: 273512111003
- Zoning: R-6
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Brick
Condition
- Year built: 1968
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Hallam Addition
Location
- Region: Aspen
Financial & listing details
- Price per square foot: $3,058/sqft
- Tax assessed value: $6,834,900
- Annual tax amount: $15,460
- Date on market: 3/16/2026
- Listing terms: New Loan,Cash
Estimated market value
$10,212,900
$9.70M - $10.72M
$78,532/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Price change | $10,995,000-4.3%$3,058/sqft |
Source: AGSMLS #192020 Report a problem | ||
| 7/8/2026 | Price change | $11,495,000-3.8%$3,197/sqft |
Source: AGSMLS #192020 Report a problem | ||
| 6/1/2026 | Price change | $11,950,000-7.7%$3,323/sqft |
Source: AGSMLS #192020 Report a problem | ||
| 3/16/2026 | Listed for sale | $12,950,000-1.9%$3,601/sqft |
Source: AGSMLS #192020 Report a problem | ||
| 11/1/2025 | Listing removed | $13,200,000$3,671/sqft |
Source: AGSMLS #186573 Report a problem | ||
| 8/5/2025 | Price change | $13,200,000-5%$3,671/sqft |
Source: AGSMLS #186573 Report a problem | ||
| 1/2/2025 | Listed for sale | $13,900,000$3,865/sqft |
Source: AGSMLS #186573 Report a problem | ||
| 9/26/2024 | Listing removed | $13,900,000$3,865/sqft |
Source: AGSMLS #183830 Report a problem | ||
| 5/26/2024 | Listed for sale | $13,900,000$3,865/sqft |
Source: AGSMLS #183830 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,460 +10.8% | $427,190 -9.9% |
| 2024 | $13,957 +31.6% | $473,950 -0.8% |
| 2023 | $10,609 +0.4% | $477,540 +61.2% |
| 2022 | $10,563 | $296,320 -2.8% |
| 2021 | -- | $304,850 +13% |
| 2020 | $9,463 +0.8% | $269,840 |
| 2019 | $9,385 -11.5% | $269,840 -0.7% |
| 2018 | $10,609 | $271,730 -9.9% |
| 2017 | $10,609 +13.3% | $301,500 +4.2% |
| 2016 | $9,361 +2.4% | $289,380 |
| 2015 | $9,139 +22.3% | $289,380 +22.9% |
| 2014 | $7,471 | $235,440 |
| 2013 | -- | $235,440 +2.1% |
| 2012 | $7,300 | $230,620 |
| 2011 | -- | $230,620 -35.6% |
| 2010 | -- | $358,200 -7.8% |
| 2009 | -- | $388,440 +88.1% |
| 2008 | $6,026 +7.1% | $206,500 |
| 2006 | $5,629 +20.9% | $206,500 +21% |
| 2005 | $4,654 | $170,620 +11.4% |
| 2004 | -- | $153,160 |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
| 1999 | -- | $1,197,300 |
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: 81611
Nearby schools
GreatSchools rating
- 8/10Aspen Elementary SchoolGrades: PK-4Distance: 1.3 mi
- 5/10Aspen Middle SchoolGrades: 5-8Distance: 1.3 mi
- 9/10Aspen High SchoolGrades: 9-12Distance: 1.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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