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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
5045 Frying Pan Road, Basalt, CO 81621- MLS# 194291
Broker Attribution: 970-925-6063

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