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5045 Frying Pan Road, Basalt, CO 81621
$5,500,000
Property Type:
RES Vacant Land
Lot Size (sq. ft.):
497,020
Status:
Active
Current Price:
$5,500,000
List Date:
8/22/2026
Last Modified:
9/01/2026
Description
CASTLE VIEW ESTATES | THREE PARCEL LEGACY OPPORTUNITY
An extraordinary opportunity to acquire all three parcels of Castle View Estates in the iconic Frying Pan River Valley, encompassing approximately 22.06 acres just five miles from Basalt.
Set beneath the dramatic Seven Castles and surrounded by some of Colorado's most spectacular scenery, these three parcels offer a rare combination of privacy, breathtaking mountain and valley views, a spring-fed pond, valuable water rights, and proximity to the renowned Gold Medal waters of the Frying Pan River.
Offered together, the properties present an exceptional opportunity to create a private legacy compound spanning all three parcels, or to develop three distinctive residences, each with its own setting and vision.
The offering includes approximately 4.14 acres at 4959 Frying Pan Road, over 11 acres at 5045 Frying Pan Road, and approximately 6.508 acres at 5129 Frying Pan Road.
Towering red cliffs provide a spectacular backdrop while eagles, osprey and herons frequent the valley overhead. The spring-fed pond and expansive open land further distinguish this remarkable setting.
A truly unique opportunity to control three neighboring parcels in one of the Roaring Fork Valley's most coveted and visually striking locations.
See site plans and associated documents for individual parcel details, water rights and additional property information.
Perhaps one lucky individual will create a legacy compound on all three lots - or three individuals will place their own vision and build a special home on each property...
More Information MLS# 194291
Location Info
Current Price: $5,500,000
Type: Multi-Family Lot
Sub-Type: N/A
Major Area: Basalt
Area: 05-Frying Pan/Ruedi
Original List Price: 6144000
Asking Price: 5500000
Street #: 5045
Street Name: Frying Pan
Street Suffix: Road
City/Town: Basalt
State/Province: CO
Postal Code: 81621
Geo Lat: 39.382926
Geo Lon: -106.955369
Keywords Info
Lot Size: Refer to Acreage
Acreage: 20.1 - 34
Listing Info
Seller/Owner is Licensed: No
Listing Date: 2026-08-21
Short Sale: No
REO: No
Foreclosure: No
Auction: No
Member Association: Aspen Association
General Info
List Price Per/Acre: 249320
Sub/Loc: Castle View
Legal: SUBDIVISION: CASTLE VIEW ESTATES LOT: 1,2 and 3
Lot SqFt: 497020
Nbr of Acres: 22.06
County: Eagle
Zoning: Rural Residential
FAR: Yes
Orig List Price Per/SF: 12.36
Parcel #: 246702403002
Directions: Head up the Frying Pan. Just past mile marker 5. Look for for sale sign on your left.
Asking Price Per/SF: 11.07
Financing Info
Metro Tax District: No
Taxes: 57825
Tax Year: 2025
Transfer Tax: No
HOA Dues Y/N: Yes
Association Fee: 100
Association Fee Frequency: Annually
Total HOA Fee Per Year: 100
Status Change Info
Status: Active
Remarks
Public Remarks: CASTLE VIEW ESTATES | THREE PARCEL LEGACY OPPORTUNITY
An extraordinary opportunity to acquire all three parcels of Castle View Estates in the iconic Frying Pan River Valley, encompassing approximately 22.06 acres just five miles from Basalt.
Set beneath the dramatic Seven Castles and surrounded by some of Colorado's most spectacular scenery, these three parcels offer a rare combination of privacy, breathtaking mountain and valley views, a spring-fed pond, valuable water rights, and proximity to the renowned Gold Medal waters of the Frying Pan River.
Offered together, the properties present an exceptional opportunity to create a private legacy compound spanning all three parcels, or to develop three distinctive residences, each with its own setting and vision.
The offering includes approximately 4.14 acres at 4959 Frying Pan Road, over 11 acres at 5045 Frying Pan Road, and approximately 6.508 acres at 5129 Frying Pan Road.
Towering red cliffs provide a spectacular backdrop while eagles, osprey and herons frequent the valley overhead. The spring-fed pond and expansive open land further distinguish this remarkable setting.
A truly unique opportunity to control three neighboring parcels in one of the Roaring Fork Valley's most coveted and visually striking locations.
See site plans and associated documents for individual parcel details, water rights and additional property information.
Perhaps one lucky individual will create a legacy compound on all three lots - or three individuals will place their own vision and build a special home on each property...
Property Features
Possible Use: Multi-Family; Ranch; Single Family
Lot Description: Borders Public Land; Flat; Horse Property; Pond, Lake, Stream; Rolling; View
Water: Well
Extras: Barn; Pond System
Listing Office: Compass Aspen
Last Updated: September - 01 - 2026
Broker Attribution:
970-925-6063
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc.
ALL RIGHTS RESERVED WORLDWIDE
No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.