323 E Reds Road, Aspen, CO 81611 - Photo 1

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$28,900,000

For Sale
Active
Single Family
5 Beds
5 Full Baths
1 Partial Bath
4,904 Sq. Ft.
Updated 9 days ago

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Property Description

A truly exceptional opportunity on one of Aspen's most coveted locations. This newly designed contemporary estate, scheduled for completion in early 2026, is situated in the exclusive Red Mountain Ranch neighborhood. A rare blend of privacy, luxury, and proximity that simply won't last. Set on a lush ¾-acre lot surrounded by mature Aspen groves, the home captures enticing Aspen Mountain views from nearly every angle. With five en-suite bedrooms, two expansive living areas, and three outdoor terraces designed for effortless indoor-outdoor living, this 4,900 sqft residence delivers elevated mountain living at its finest. Thoughtfully crafted by Elevate Development & Design, every inch is curated with luxury finishes, custom furnishings, and impeccable attention to detail. Just minutes from downtown yet worlds away, this is Aspen living without compromise.

Full Property Details

Full Property Details for 323 E Reds Rd

General

Price: $28,900,000
HOA FEE: $192/month
HOA FEE FREQ.: Annually
Taxes: $26,111 (2024)
Status: Active
Type: Single Family
Source: 106
MLS ID: 189105
Updated: 1/8/2026
Added to Site: 193 day(s) ago

Rental Information

Complex Features: Yes

Interior

Number of Rooms: 5
Fireplace: Yes
Number of Fireplaces: 2
Fireplace(s): Gas
Furnished: Yes
Furnishings: Furnished

Rooms

Bathrooms

Total Bathrooms: 6
Full Bathrooms: 5
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 5

Other Rooms

Laundry: Common Area

Additional Information

Security/Safety: Security System

Location

Area: Aspen
County: Pitkin
Subdivision: Red Mountain Ranch
Driving Directions: From Aspen take Red Mountain Road. Go right on East Reds Road. House is on your left half-way down.

Community

Association: Yes

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Radiant

Utilities

Water: Public

Structural Information

Architectural Style: Contemporary
Exterior Const.: Concrete, Wood Siding, Frame
Roof: Metal
Square Feet: 4,904
Living Area: 4,904 Sq. Ft.
Year Built: 1975
Property Condition: Excellent, New Construction

Lot Features

Lot Size (Acres): 0.73
Lot Size (Sq. Ft.): 31,926
Zoning: R-30

Financial Considerations

Association Fee: $2,300
Assoc Fee Freq.: Annually
Tax Amount: $26,111.08
Tax Year: 2024
Terms: New Loan, Cash

Disclosures and Reports

Legal Description: Subdivision: RED MOUNTAIN RANCH Block: 1 Lot: 8
Inclusions: Dryer, Oven, Refrigerator, Washer, Window Coverings, Range, Microwave, Dishwasher
Property ID: 273706303008

Listed by Compass Aspen, Lane Johnson and Compass Aspen, Steven Shane

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Listing agents

— 323 E Reds Rd —

Lane Johnson

Compass Aspen
Steven Shane

Compass Aspen

970-925-6063

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NMLS#: 1598647

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Schools

Schools serving 323 E Reds Rd

School District:Aspen School District 1

Name	Grades	Distance
Aspen Elementary School 235 High School Road, Aspen, CO 81611	K-4	2.1 mi
Aspen Middle School 235 High School Road, Aspen, CO 81611	5-8	2.1 mi
Aspen High School 235 High School Road, Aspen, CO 81611	9-12	2.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 323 E Reds Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/08/2025

Listed

$28,900,000

138.84%

MLS

6/18/2021

Sold

$12,100,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 323 E Reds Rd

Year

Property Taxes

Change

Tax Assessment

Change

2024

$26,111

-18%

$907,770

-26%

2023

$31,955

132%

$1,232,230

177%

2021

$13,757

-23%

$444,740

-21%

2022

$17,848

37%

$563,770

33%

2020

$13,023

23%

$423,310

23%

2018

$10,619

15%

$345,360

—

2017

$9,225

—

$345,360

2%

2016

$9,255

1%

$339,700

—

2015

$9,198

-29%

$339,700

-20%

2019

$13,023

45%

$423,310

31%

2014

$8,974

2%

$323,680

—

2013

$8,801

—

$323,680

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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323 E Reds Road, Aspen, CO 81611 (MLS# 189105) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 323 E Reds Road is currently listed for $28,900,000 and was received on July 08, 2025. Want to learn more about 323 E Reds Road? Do you have questions about finding other Single Family real estate for sale in Aspen? You can browse all Aspen real estate or contact a Coldwell Banker agent to request more information.

323 E Reds Rd Aspen, CO 81611