525 Red Lady Ave, Unit 241 246

Crested Butte, CO 81224

$3,095,000
Price
6
Beds
5,855 Sq. Ft.
$529 / Sq. Ft.
5,855
Sq. Ft.
$529
per Sq. Ft.
a view of a building with a street
a car parked in front of a building
a front view of a residential apartment building with a yard
a view of a house with a tree
a front view of residential houses with street
a view of an empty room with a window
a view of livingroom with window
a view of an empty room
a view of kitchen with wooden floor
a kitchen with white cabinets appliances and a window
a view of utility room with washer and dryer
an empty room with a window
a living room with furniture and a window
a view of an empty room with a window
a bathroom with a sink toilet tub and shower
a front view of a house
a view of building with glass windows

Description

Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks...Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.
  1. Listed by Caleb Brewer • Peak Property Management & Sales

Property Details for 525 Red Lady Avenue, Unit 241 246

Water Front
No
Zoning
Residential
Views
Mountains
Subdv Name
None
LISTING UPDATED: 11/01/2025 01:40 AM

Property Details for 525 Red Lady Avenue, Unit 241 246

StatusActive
MLS #829584
Days on Market54
Taxes$10,095 / year
HOA Fees$2,043
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Apartment Bldg.
Year Built1997
Lot Size0.00 AC / 0 SF
CountyGunnison County

Location

Listing Courtesy of Peak Property Management & Sales, Caleb Brewer
Add your commute

Building Information for 525 Red Lady Avenue, Unit 241 246

Stories2Residences6Year Built1997Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$18,178 per month

30 year fixed, 6.28% Interest

Principal and Interest

$15,294

Property Taxes

$841

HOA Dues

$2,043

The Payment Calculator is for illustrative purposes only.

Property Information for 525 Red Lady Avenue, Unit 241 246

Summary
Location and General Information
  • Directions: Heading into town of Crested Butte on HWY 135 (North), take the first left turn onto Red Lady Avenue. Building is on the right.
  • Access: Year Round
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • PARKING: Off Street, Assigned, 1 per unit
School Information
  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12
Taxes and HOA Information
  • HOA/Metro Fees: 2,042.85
  • HOA/Metro Fees Frequency: Monthly
  • HOA Inclusions: Building Maintenance, Insurance, Irrigation, Landscaping, Sewer, Trash, Water, Snow Removal, Common Area Taxes
  • HOA Name: Majestic Condominium Association
  • HOA Y/N: Yes
  • HOA Dues Y/N: Yes
  • HOA Transfer Fees Y/N: Yes
  • Other Transfer Fees Y/N: Yes
  • Tax Year: 2024
  • Total Taxes $: 10094.58
Property
Property and Assessments
  • FIPS Code: 08051
  • Legal/Lot Block: UNIT 241, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 242, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 243, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 244, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 245, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE UNIT 246, MAJESTIC PLAZA CONDOMINIUMS, CRESTED BUTTE
  • Photo Count: 17
  • New Construction Y/N: No
  • Disclosures: Deed Restrictions, Seller is Licensed Agent, No Disclosure, Pets Allowed
  • Covenants Y/N: YES
  • Board Name: Gunnison-Crested Butte Association of REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than 1/2
  • Parcel ID #: 3.25503186021E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Total # Water Meters: 1
  • Total # Gas Meters: 6
  • Total # Electric Meters: 6
  • Fireplace Type/Location: Living Room
  • Domestic Water/Sewer: City Water, City Sewer
  • Metered: Metered for Gas, Metered for Electricity
  • Water Well: No
Multi Family
Multi-Family Information
  • Multi Story: Yes
  • # of Units: 6
  • Residence Stories: Two Story
Unit 1 Information
  • Unit 1 # Bedrooms: 1
  • Unit 1 # Baths: 1
  • Unit 1 Square Feet: 738.0
Unit 2 Information
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Baths: 1
  • Unit 2 Square Feet: 839.0
Unit 3 Information
  • Unit 3 # Bedrooms: 1
  • Unit 3 # Baths: 1
  • Unit 3 Square Feet: 801.0
Unit 4 Information
  • Unit 4 # Bedrooms: 1
  • Unit 4 # Baths: 1
  • Unit 4 Square Feet: 849.0
Unit 5 Information
  • Unit 5 # Bedrooms: 1
  • Unit 5 # Baths: 1
  • Unit 5 Square Feet: 735.0
Unit 6 Information
  • Unit 6 # Bedrooms: 1
  • Unit 6 # Baths: 1
  • Unit 6 Square Feet: 846.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 6.00
  • Primary Bedroom: Main Level
  • Dining: Kitchen Bar
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Florring: Carpet, Tile
  • Foundation/ Basement: Crawl Space
  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave
  • Interior Inclusion: Gas Fireplace
Exterior Features
  • Horse Setup: No
  • Residence Style: Other
  • Roof: Rolled Asphalt
  • Siding: Wood
Rental
Rental Information
  • TENANT PAYS: Electric, Gas
  • Landlord Pays: Real Estate Taxes, HOA Dues

Property History for 525 Red Lady Avenue, Unit 241 246

DateEvent & SourcePriceAppreciation
Oct 28, 2025

Listed (Active)

CRENMLS #829584

$3,095,000—
May 31, 2023

Expired

IRES #8571196

—
May 31, 2023

Expired

RECOLORADO #8571196

$3,100,000—
Nov 3, 2022

Listed (Active)

IRES #8571196

$3,100,000—
Nov 3, 2022

Listed (Active)

RECOLORADO #8571196

$3,100,000—
DateEvent & SourcePrice
10/28/2025

Listed (Active)

CRENMLS #829584

$3,095,000
05/31/2023

Expired

IRES #8571196

—
05/31/2023

Expired

RECOLORADO #8571196

$3,100,000
11/03/2022

Listed (Active)

IRES #8571196

$3,100,000
11/03/2022

Listed (Active)

RECOLORADO #8571196

$3,100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 525 Red Lady Avenue, Unit 241 246

This home is within Gunnison Watershed Re1j School District.
Rating
School
Type
Grades
Distance
Gunnison Elementary School
Public - PK to 5
Marble Charter School
Charter - K to 10
Gunnison Middle School
Public - 6 to 8
Crested Butte Community School
Public - 6 to 12
Rating
School
Distance
Gunnison Elementary School
PublicPK to 5

Marble Charter School
CharterK to 10

Gunnison Middle School
Public6 to 8

Crested Butte Community School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 525 Red Lady Avenue, Unit 241 246, Crested Butte, CO 81224

525 Red Lady Avenue, Unit 241 246 is a multi-family home for sale in Crested Butte, CO 81224. This property was listed for sale on October 29, 2025 by Peak Property Management & Sales, it's currently listed at $3,095,000. This listing's school district is Gunnison Watershed Re1j School District. Nearby schools include Gunnison Elementary School, Marble Charter School and Gunnison Middle School. 525 Red Lady Avenue, Unit 241 246 is a 6-bed, 6-bath, 5,855 sqft multi-family home built in 1997.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Peak Property Management & Sales, Caleb Brewer

All information is deemed reliable, but accuracy is not guaranteed. Listing information is based on information from the Aspen / Glenwood MLS for the period 10/28/2025 06:00 PM through 12/22/2025 04:23 PM. The property information being provided is for the consumer’s personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/01/2025 01:40 AM