Jim Bineau, of The Bineau Team of Coldwell Banker Mason Morse, was one of three Realtors that were interviewed for an article in Mansion Global on the Exclusive West End of Aspen Co. Below is part of the article please click on the link below to read the entire article.
Click the link below to read the entire interview.
Aspen’s tony West End, the ski-centric neighborhood that has a small-town feel with a cultural/intellectual bent, is becoming a year-round destination for big-city dwellers who want to get away from it all, yet still, have it all.
With its historic houses, perfectly coiffed lawns and “oh-my-gosh” friendliness, the West End walks beautifully back in time with a bold, contemporary stride.
Whether residents of the Colorado neighborhood meet on the ski slopes or bump into each other in the shops, “everybody treats everybody the same,” said Mark J. Haldeman, principal/broker at Christie’s International Real Estate Aspen Snowmass. “You never know who you’re sitting next to in a bar.”
The city of Aspen, which is surrounded by National Forest Service land, is just 1.9 square miles. The West End, a 14-block by six-block area, is defined by Main Street on the south, Mill Street on the east, 8 Street on the west and the Roaring Fork River on the north.
There is a wide range of prices in the West End. Properties are priced at $1,200 to $5,000 per square foot, Mr. Haldeman said, adding that the baseline lot generally is less than 6,000 square feet.
Prices, he said, start at $3 million and quickly climb to $35 million. “Condition, plot size and location all determine price,” he said. “So does how unique the estate is. It’s more desirable to be closer to the town; walkability to the Hotel Jerome on Main Street is key. For the past 25 years, the market has been driven by proximity to the Aspen Mountain Gondola.”
The $3-million entry-level home, he added would be in a “challenging location either on Main Street or a little west of the West End” and it would be a fixer-upper of 3,000 to 3,500 square feet.
He added that the average price, $11 million, buys an upgraded and furnished home.
Amy Doherty, a broker with Douglas Elliman, said the average sold price over the last year was $8.15 million, and the average price per square foot was $2,092. The current average listing price, she added, is $14.16 million, or $2,840 per square foot.
“Lots for sale range from $4.5 million to $17.995 million, which would be a tear-down overlooking Hallam Lake,” she said.
James Bineau, a broker with The Bineau Team Coldwell Banker Mason Morse, said that currently there are small miner’s cabins, which are wooden cottages of 984 square feet with two bedrooms and one bath, listed for $2.95 million as well as a 7,503-square-foot home on Lake Avenue that’s listed for $37.95 million.
He noted that there are some condos in West End. Prices at The Christiana Aspen on Main Street, he said, start at $589,000 for a studio, while a three-bedroom unit, built in 2003, is being offered for $2.65 million.