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418 Elk Avenue, Crested Butte, CO, 81224

2beds
1baths
1,196sqft
$1,450,000
$1,212price/sqft
$8,100/moest. monthly cost
$324,000/yrincome needed

About This Home

A six room residential property located in the center of Crested Butte on the nicest block of Elk Avenue. In recent years, this property has been commercially occupied by a quality women’s boutique and a fine art gallery. The interior provides two bedrooms, one bath, 12’x12’ kitchen area with separate dining room and a practical entry/gear room. The one-story, stand-alone dwelling has hardwood hickory floors, high ceilings, extensive lighting, tall windows, generous yard, brick patio and convenient alley-access parking. The neighborhood is noted for nearby homes blooming with extensive reconstruction. The large, open yard is inviting for a mountain garden, an outdoor living space or accessory residences. Steps away are Rumors Coffee House, Townie Book Store, restaurants, shops and Mountain Earth Natural Foods Grocery. At alley’s end is the iconic Camp Four Coffee. Situated on a standard-sized lot, this one-story home with beautiful, historic architecture, abundant light, and delightful grassy yard is an appealing Crested Butte home for your living enjoyment and mountain adventures. Possible Seller financing.

Getting Around

72
WalkingVery Walkable
0
TransitVery Limited Transit
100
BikeBiker's Paradise

Schools

6/10
Gunnison Middle SchoolGrades 6-822.0 mi
4/10
Gunnison High SchoolGrades 9-1222.4 mi

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Metal
  • Construction materials: Wood Frame,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Farm House
  • Property subType: Stick Built

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Window features: Window Coverings
  • Flooring: Hardwood

Interior Area

  • Total structure area: 1,196
  • Total interior livable area: 1,196 sqft

Property

Details

  • Parcel number: 325503176003
  • Zoning description: Commercial,Residential Single Family

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 6,098 sqft
  • Lot size dimensions: 50 x 120

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 $7,331$87,972
Home Insurance *$209$2,508
Property Taxes $374$4,488
Electricity $186$2,232
Total$8,100$97,200
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$277,714/yr
40% on housing$243,000/yr
45% on housing$216,000/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

$1,212This listing

vs Other Active Listings

Avg $/sqft

ZIP 81224$844
Gunnison County$566

vs Homes Sold Last Month

Median $/sqft

ZIP 81224
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
2025-11-13Price change$1,885,000
2025-09-01Price change$2,085,000
2025-05-30Listed for sale$2,335,000

For Sale by Agent

AgentSam Lumb
BrokerageLIV Sotheby's International Realty - CB

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