Introducing a unique opportunity to own a single-family residence in the highly sought-after West End of Aspen. This property features 3,596 square feet of living space, with four spacious bedrooms and four bathrooms, including three full baths and one half bath, perfect for accommodating family and friends.
The home is set on a generous 9,017 square foot lot, with a pleasing layout spread over three stories. Enjoy two garage spaces that provide ample parking and convenience. The charming interior features partially furnished areas, allowing for immediate comfort while offering plenty of potential for personalization.
The residence has been lovingly maintained by the same family for over 50 years, reflecting a warm and inviting atmosphere enriched with history. The main floor includes expansive living areas, allowing for seamless entertaining and relaxation, while large windows fill the space with natural light and beautiful views of the surrounding mountains.
Located directly across from cultural landmarks like the Aspen Music Tent, Aspen Institute, and Herbert Bayer Museum, you'll have easy access to the vibrant cultural scene. Nature enthusiasts will also appreciate the close proximity to the Rio Grande Trail, ideal for hiking and biking adventures. The Aspen Meadows Resort nearby provides additional amenities, including tennis and pickleball facilities, enhancing your lifestyle.
With an approved demolition permit on file, this property presents a rare chance to craft your dream home in a prime location. The zoning permits short-term rentals, offering potential for investment income. Don't miss this exceptional opportunity to create a custom sanctuary in one of Aspen's most prestigious neighborhoods!
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
9,017 Square Feet Lot
$10,321,600 Zestimate®
$3,058/sqft
$-- HOA
What's special
Charming interiorSpread over three storiesFour spacious bedroomsTwo garage spaces
- 171 days
- 327
- 14
Zillow last checked:
Listing updated:
Listed by:
Lex Tarumianz (970)925-6060,
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Source: AGSMLS,MLS#: 192020
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
Features
- Stories: 3
- Fencing: Fenced
Lot
- Size: 9,017 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
- Utilities for property: Natural Gas Connected
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
$10,321,600
$9.81M - $10.84M
$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
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