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28 Kokanee Lane, Crested Butte, CO, 81225

6beds
8baths
7,061sqft
$9,995,000
$1,416price/sqft
$55,319/moest. monthly cost
$2,212,760/yrincome needed

About This Home

Perched above the East River Valley in the exclusive Prospect neighborhood of Mt. Crested Butte, 28 Kokanee Lane is a rare ski-in/ski-out estate offering direct access to the Prospect chairlift and the expansive network of winter/summer trails just beyond its doors. Designed by acclaimed architect Daniel Murphy and crafted by Bob Huckins Construction, this 7,061-square-foot residence embodies the essence of refined mountain living, where bespoke details and timeless craftsmanship converge. Spanning three thoughtfully designed levels, the home was created for connection—whether welcoming extended family, hosting festive gatherings, or enjoying quiet evenings fireside. A grand foyer ushers guests into the soaring great room, where custom millwork, dramatic trusses, and oversized windows frame forever-protected views of Gothic Mountain and the Elk Range. A hand-cast stone fireplace anchors the space, while the expansive kitchen and dining area invite shared culinary experiences and communal meals. A Wolf range, slab granite counters, hidden refrigerators, and intricate custom cabinetry highlight the kitchen’s balance of elegance and utility. The vaulted primary suite offers a true retreat, complete with a gas fireplace, private balcony, and spa-inspired bath featuring a steam shower and soaking tub. Distinctive features abound, including a west wing with a custom mud/ski room and a one-of-a-kind chapel accessed through stained-glass French doors—an inspiring vaulted space with its own balcony, equally suited to quiet reflection or creative reimagining. Guest accommodations are generous and private, with five additional bedrooms—each paired with an ensuite or nearby bath. The east wing offers a private second level with two ensuite bedrooms, a kitchenette, and balcony overlooking the Prospect lift. On the garden level, a spacious media and game room extends to a private walk-out patio with a hot tub and bonfire area. This level also includes three guest suites, a custom office with built-in cabinetry, a children’s play nook, and a second kitchenette for effortless entertaining. Two fully appointed laundry rooms further enhance everyday living and cater to both family and guest needs. Outdoor living is seamlessly integrated with broad balconies, an expansive patio, and landscaped gardens oriented toward sweeping mountain views. A heated three-car garage with extensive storage completes the experience. Offered partially furnished, 28 Kokanee Lane presents a rare opportunity to own one of Prospect’s most distinctive legacy properties—an estate where thoughtful design and bespoke detail converge in a setting of unrivaled beauty.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

6/10
Gunnison Middle SchoolGrades 6-825.0 mi
4/10
Gunnison High SchoolGrades 9-1225.3 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Stone,Wood,Wood Frame,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Stick Built

Interior

Appliances

  • Appliances included: Trash Compactor,Dishwasher,Disposal,Double Oven,Exhaust Fan,Microwave,Range Top,Range,Washer

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access,Crawl Space,Insulated

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 8
  • Full bathrooms: 6
  • 1/2 bathrooms: 2

Cooling

  • Cooling features: Ceiling Fan(s)

Dining Room

  • Features: Breakfast Nook,Kitchen Island,Kitchen Bar,Separate Dining

Features

  • Wired/Cable TV,All Furnishings,Ceiling Fan(s),Wet Bar,Vaulted Ceiling(s),Granite Counters,Guest Quarters,Pantry,Walk-In Closet(s),Game Room,Media Room
  • Window features: Window Coverings,Double Pane Windows,Low Emissivity Windows
  • Flooring: Carpet-Partial,Hardwood,Slate
  • Fireplace features: Bedroom,Den/Family Room,Blower Fan,Gas Log,Gas Starter,Glass Doors,Living Room
  • Fireplace: Yes

Interior Area

  • Total structure area: 7,061
  • Total interior livable area: 7,061 sqft

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 317724101003
  • Zoning description: Residential Single Family

Features

  • Levels: Three Story
  • Stories: 3
  • Patio & porch: Covered Porch,Deck,Patio
  • Exterior features: Irrigation Water,Landscaping,Lawn Sprinklers,Storm Windows/Doors
  • Has spa: Yes
  • Spa features: Hot Tub,Bath,Private
  • Has view: Yes
  • View description: Mountain(s),Valley
  • Has water view: Yes
  • Water view: Stream/River

Lot

  • Lot size: 1.25 Acres
  • Features: Borders National Forest,Cul-De-Sac,Ski In/Ski Out

Parking

  • Total spaces: 3
  • Parking features: Attached Garage,Garage Door Opener,Heated Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Avalanche
    AvalancheRelatively High
  • Landslide
    LandslideRelatively High

How This Home’s Risks Compare

Inland Flooding
Lightning
Winter Weather
Avalanche
Landslide

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $50,540$606,480
Home Insurance *$1,664$19,968
Property Taxes $2,582$30,984
Electricity $533$6,396
Total$55,319$663,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,896,651/yr
40% on housing$1,659,570/yr
45% on housing$1,475,173/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.6%
14.6%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,416This listing

vs Other Active Listings

Avg $/sqft

ZIP 81225$407
Gunnison County$550

vs Homes Sold Last Month

Median $/sqft

ZIP 81225
Gunnison County$701

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-14Listed for sale$10,995,000
2025-09-03Listing removed$12,500,000
2024-06-01Listed for sale$12,500,000

For Sale by Agent

AgentKiley Flint
BrokerageLIV Sotheby's International Realty - CB

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