$1,295,000

Currently, the lowest-priced single-family home east of Basalt, this unique Old Snowmass property sits on over an acre at the base of the desirable Gateway neighborhood. It offers exceptional flexibility for a wide range of buyers. The property is ideally suited for an owner-occupant looking to live in the renovated 2-bedroom, 1-bath residence while generating supplemental income from the non-conforming, grandfathered-in 1-bedroom, 1-bath unit. It also presents a compelling investment opportunity with proven rental history for both sides available upon request, an ideal option for a local employer housing solution, or a long-term redevelopment opportunity with the potential to expand or build a new home of up to approximately 5,750 square feet (subject to confirmation with a land planner and county approvals). The two-bedroom residence underwent a comprehensive renovation in 2022, including new drywall, flooring, bathroom finishes, interior and exterior paint, and a new roof. Tucked away on a private acre with northeast-facing views, the property offers a peaceful setting just one minute from the Old Snowmass Conoco and convenient access to Basalt, Snowmass, and Aspen.