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For sale
  • Price cut: $500K (7/15)
    $10,995,000

    531 Gillespie St, Aspen, CO 81611

    4beds
    3,596sqft
    : 
    $67,355/mo
    Get pre-qualified
    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
    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!
    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

        DateEventPrice
        7/15/2026Price change$10,995,000-4.3%$3,058/sqft
        Source: AGSMLS #192020 Report a problem
        7/8/2026Price change$11,495,000-3.8%$3,197/sqft
        Source: AGSMLS #192020 Report a problem
        6/1/2026Price change$11,950,000-7.7%$3,323/sqft
        Source: AGSMLS #192020 Report a problem
        3/16/2026Listed for sale$12,950,000-1.9%$3,601/sqft
        Source: AGSMLS #192020 Report a problem
        11/1/2025Listing removed$13,200,000$3,671/sqft
        Source: AGSMLS #186573 Report a problem
        8/5/2025Price change$13,200,000-5%$3,671/sqft
        Source: AGSMLS #186573 Report a problem
        1/2/2025Listed for sale$13,900,000$3,865/sqft
        Source: AGSMLS #186573 Report a problem
        9/26/2024Listing removed$13,900,000$3,865/sqft
        Source: AGSMLS #183830 Report a problem
        5/26/2024Listed for sale$13,900,000$3,865/sqft
        Source: AGSMLS #183830 Report a problem

        Public tax history

        YearProperty taxesTax 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

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        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.
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        Climate risks

        Neighborhood: 81611

        Getting around

        53 / 100
        Somewhat Walkable
        87 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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