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322 Park Avenue, Aspen, CO 81611

$7,900,000
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 2,506 Lot Size (sq. ft.): 3,674 Status: Active
Current Price: $7,900,000 List Date: 6/09/2025 Last Modified: 12/12/2025

Description

This Park Avenue duplex offers soaring views of Aspen Mountain and the privacy of a quiet neighborhood just across the Hopkins pedestrian bridge with easy walking access to the downtown core. Sale includes both separately deeded condominium units 1 & 2, each over 1,250 square feet totaling 2,506 square feet. Patio level common wraparound deck, second level private decks for each unit, storage shed, off street parking, landscaping with irrigation, & alarm system. Currently Unit 1 is a 3BR 2.5BA short term rental with frequent owner use, and Unit 2 is a 2BR 2.5BA long term rental, with a lease in place through April 2027. There is a sale termination clause in the lease agreement of unit 2 if buyer chooses to exercise. See attached rental summary in documents. Attached in documents is a zoning analysis from Forum Phi explaining remodel/expansion with additional FAR, and Single Family or Duplex Redevelopment options.

More Information MLS# 188622

General Info

ud_i_02: 3 Legal: Subdivision: PARK AVE CONDO UNIT 1 & PARK AVE CONDO UNIT 2 Zoning: Residential Lv Ht SqFt: 2506 Unfinished SqFt: 0 Price/LvH SqFt: 3152.43 Directions: E Cooper Ave east, left on Park Ave, on right Short Termable: Yes Main Floor Primary Bedroom: No Year Remodeled: 2010 Sub/Loc: Riverside Condos Nbr of Acres: 0.08 Lot SqFt: 3674 Total SqFt: 2506 Year Built: 1959 Parcel #: 273718130001

Location Info

Lot Size: 3,001 - 6,000 Right of First Refusal: No Furnished: Partially Current Price: $7,900,000 Type: Duplex Major Area: Aspen Area: 01-East Aspen Original List Price: 7900000 Asking Price: 7900000 Street #: 322 Street Name: Park Street Suffix: Avenue City/Town: Aspen State/Province: CO Postal Code: 81611 Geo Lat: 39.188563 Geo Lon: -106.809908

Keywords Info

Acreage: Refer to Lot Size Garage: No Pre-Fabricated Home: No Bedrooms: 5 Total Baths: 6 Baths - Full: 4 Baths - Half: 2

Listing Info

New Construction: No Seller/Owner is Licensed: No REO: No Member Association: Aspen Association ADU: No Listing Date: 2025-05-31 County: Pitkin

Financing Info

Metro Tax District: No Tax Year: 2024 Taxes: 8568.56 Transfer Tax: Yes HOA Dues Y/N: No Total HOA Fee Per Year: 0 HOA Transfer Fee: No

Status Change Info

Sold Price Per/SF: 0 Status: Active

Remarks

Public Remarks: This Park Avenue duplex offers soaring views of Aspen Mountain and the privacy of a quiet neighborhood just across the Hopkins pedestrian bridge with easy walking access to the downtown core. Sale includes both separately deeded condominium units 1 & 2, each over 1,250 square feet totaling 2,506 square feet. Patio level common wraparound deck, second level private decks for each unit, storage shed, off street parking, landscaping with irrigation, & alarm system. Currently Unit 1 is a 3BR 2.5BA short term rental with frequent owner use, and Unit 2 is a 2BR 2.5BA long term rental, with a lease in place through April 2027. There is a sale termination clause in the lease agreement of unit 2 if buyer chooses to exercise. See attached rental summary in documents. Attached in documents is a zoning analysis from Forum Phi explaining remodel/expansion with additional FAR, and Single Family or Duplex Redevelopment options.

Laundry Facility

Laundry Room: 1

Style

Two Story: 1

Construction

Frame: 1

Exterior

Wood Siding: 1

Condition

Excellent: 1

Cooling

None: 1

Basement/Substructure

Finished: 1

Gas

Natural Gas: 1

Roof

Composition Shingles: 1

Water

Public: 1

Carport

2 Car: 1

Sanitation

Sewer: 1

Water Rights

No: 1

Extras

Cable TV: 1 Landscaping: 1 Patio/Deck: 1 Storage Shed: 1

Location Amenities

Exposure, Southern: 1 Views: 1

Mineral Rights

No: 1

Heating

Baseboard: 1 Natural Gas: 1

Documents on File

Leases: 1

Disclosures

1031 Exchange: 1 Easements: 1

Terms Offered

Cash: 1 New Loan: 1

Possession

DOD: 1 Subject to Lease: 1

Property Features

Laundry Facility: Laundry Room Style: Two Story Construction: Frame Exterior: Wood Siding Roof: Composition Shingles Condition: Excellent Heating: Baseboard; Natural Gas Gas: Natural Gas Water: Public Cooling: None Sanitation: Sewer Carport: 2 Car Possession: DOD; Subject to Lease Extras: Cable TV; Landscaping; Patio/Deck; Storage Shed Terms Offered: Cash; New Loan Disclosures: 1031 Exchange; Easements Mineral Rights: No Water Rights: No Documents on File: Leases Location Amenities: Exposure, Southern; Views

Documents

Listing Office: Aspen Snowmass Sotheby's International Realty - Durant
IDX
Last Updated: December - 12 - 2025
Broker Attribution: (970) 925-1100

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