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For sale
  • $3,250,000

    768 Kings Lake Rd, Basalt, CO 81621

    2beds
    1,904sqft
    : 
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    Single Family Residence
    Built in 2013
    5.01 Acres Lot
    $2,327,500 Zestimate®
    $1,707/sqft
    $-- HOA

    What's special

    Five private acresAccessory structuresFunctional split-level layoutExisting outdoor living spaces
    Set on five private acres with almost 190 feet of direct Gold Medal Frying Pan River frontage, 768 Kings Lake Road offers true fish-in/fish-out access in one of Colorado's most coveted river corridors. This is a rare stretch of the Frying Pan, private, usable, and immediately accessible from your own land.Built in 2013 and maintained in excellent condition, the 1,904-square-foot home features 2 bedrooms and 3 baths in a functional split-level layout. Large windows frame the surrounding landscape, and the constant sound of the river defines the experience, quiet, immersive, and distinctly Colorado. The setting feels secluded while remaining just 6 miles from Old Town Basalt, 7 miles from Ruedi Reservoir, and within 30 minutes of Aspen and Snowmass. The seller has invested approximately $250,000 in improvements, including completed fire mitigation that creates meaningful defensible space and enhances long-term resilience. The property also includes conceptual plans by F&M Architects for a thoughtfully designed expansion featuring a guest suite, 2-car garage, and additional flex space, offering a clear path to grow into a more substantial riverfront compound without the delays and uncertainty of starting from scratch. The lifestyle here is immediate and year-round: world-class fly fishing at your doorstep, direct access to hiking, biking, and backcountry terrain in the surrounding White River National Forest, plus boating and fishing at nearby Ruedi Reservoir. The acreage offers an appealing balance of usability and privacy, complemented by existing outdoor living spaces and accessory structures. Opportunities with this combination of acreage, privacy, and direct Frying Pan River frontage are increasingly scarce. Whether as a primary residence, second home, or long-term hold with expansion upside, 768 Kings Lake Road stands out as a compelling and hard-to-replace offering in the Frying Pan Valley. 5.01 Acres | 1,904 SF | 2 Bed / 3 Bath | Built 2013 | ~190' Frying Pan River Frontage | Expansion Plans Included
    3 days
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    179
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    8
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris J. Klug (970)925-6060,

    Aspen Snowmass Sotheby's International Realty - Hyman Mall

    Source: AGSMLS,MLS#: 193161

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Radiant, Hot Water
      Cooling
      • None
      Appliances
      • Laundry: In Hall
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 1,904
      • Total interior livable area: 1,904 sqft

      Property

      Features
      • Levels: Split Level
      Lot
      • Size: 5.01 Acres
      Details
      • Parcel number: 246907100002
      • Zoning: SF Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Split Level,Cabin
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Frame
      • Roof: Metal
      Condition
      • Year built: 2013

      Utilities & green energy

      • Water: Other, Well

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Basalt

      Financial & listing details

      • Price per square foot: $1,707/sqft
      • Tax assessed value: $1,506,490
      • Annual tax amount: $13,441
      • Date on market: 6/5/2026
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        Estimated market value

        $2,327,500

        $2.00M - $2.70M

        $7,873/mo

        Price history

        DateEventPrice
        6/5/2026Listed for sale$3,250,000-2.8%$1,707/sqft
        Source: AGSMLS #193161 Report a problem
        10/3/2025Listing removed$3,345,000$1,757/sqft
        Source: Engel & Volkers #188431 Report a problem
        8/5/2025Listed for rent$10,000$5/sqft
        Source: Engel & Volkers Report a problem
        7/17/2025Price change$3,345,000-7%$1,757/sqft
        Source: AGSMLS #188431 Report a problem
        5/29/2025Listed for sale$3,595,000+2.7%$1,888/sqft
        Source: AGSMLS #188431 Report a problem
        9/19/2024Listing removed$3,500,000$1,838/sqft
        Source: Engel & Volkers #185102 Report a problem
        8/17/2024Listed for sale$3,500,000+27.3%$1,838/sqft
        Source: AGSMLS #185102 Report a problem
        7/18/2024Sold$2,750,000$1,444/sqft
        Source: AGSMLS #184210 Report a problem
        6/29/2024Contingent$2,750,000$1,444/sqft
        Source: AGSMLS #184210 Report a problem
        6/17/2024Listed for sale$2,750,000+780%$1,444/sqft
        Source: AGSMLS #184210 Report a problem
        12/2/2010Sold$312,500$164/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$7,750 +36.3%$100,930 -3.5%
        2023$5,685 +56.5%$104,620 +47.9%
        2022$3,632 $70,730 +56.3%
        2021-- $45,250
        2020$3,459 -0.9%$45,250
        2019$3,492 $45,250 +6.6%
        2018$3,492 +5.6%$42,460
        2017$3,308 +5.6%$42,460 -6.2%
        2016$3,132 -7.9%$45,290
        2015$3,400 +22.2%$45,290 +16.1%
        2014$2,782 $39,010

        Find assessor info on the county website

        Monthly payment

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          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 81621

          Getting around

          0 / 100
          Car-Dependent
          4 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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