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
For sale
$3,250,000
768 Kings Lake Rd, Basalt, CO 81621
2beds
1,904sqft
Single Family Residence
Built in 2013
5.01 Acres Lot
$2,920,900 Zestimate®
$1,707/sqft
$-- HOA
What's special
Five private acresAccessory structuresFunctional split-level layoutExisting outdoor living spaces
- 95 days
- 398
- 18
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
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Radiant, Hot Water
Cooling
- None
Appliances
- Laundry: In Hall
Interior area
- Total structure area: 1,904
- Total interior livable area: 1,904 sqft
Property
Features
- Levels: Split Level
- On waterfront: Yes
- Waterfront features: River Front
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
- Sewer: Septic Tank
- Water: Other, Well
Community & HOA
Community
- Subdivision: None
Location
- Region: Basalt
Financial & listing details
- Price per square foot: $1,707/sqft
- Tax assessed value: $2,662,540
- Annual tax amount: $13,441
- Date on market: 6/5/2026
Estimated market value
$2,920,900
$2.77M - $3.07M
$7,707/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Listing removed | $10,000$5/sqft |
Source: | ||
| 6/5/2026 | Listed for sale | $3,250,000-2.8%$1,707/sqft |
Source: AGSMLS #193161 Report a problem | ||
| 10/3/2025 | Listing removed | $3,345,000$1,757/sqft |
Source: | ||
| 8/5/2025 | Listed for rent | $10,000$5/sqft |
Source: | ||
| 7/17/2025 | Price change | $3,345,000-7%$1,757/sqft |
Source: AGSMLS #188431 Report a problem | ||
| 5/29/2025 | Listed for sale | $3,595,000+2.7%$1,888/sqft |
Source: AGSMLS #188431 Report a problem | ||
| 9/19/2024 | Listing removed | $3,500,000$1,838/sqft |
Source: | ||
| 8/17/2024 | Listed for sale | $3,500,000+27.3%$1,838/sqft |
Source: AGSMLS #185102 Report a problem | ||
| 7/18/2024 | Sold | $2,750,000$1,444/sqft |
Source: AGSMLS #184210 Report a problem | ||
| 6/29/2024 | Contingent | $2,750,000$1,444/sqft |
Source: AGSMLS #184210 Report a problem | ||
| 6/17/2024 | Listed for sale | $2,750,000+780%$1,444/sqft |
Source: AGSMLS #184210 Report a problem | ||
| 12/2/2010 | Sold | $312,500$164/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,441 +73.4% | $166,410 +64.9% |
| 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
Est. payment




