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1350 Old Herron Rd, Basalt, CO, 81621

1beds
1baths
1,032sqft
$4,995,000
$4,840price/sqft
$27,712/moest. monthly cost
$1,108,480/yrincome needed

About This Home

Set along one of the most scenic drives in the Roaring Fork Valley, this extraordinary Sopris Mountain Ranch offering in Basalt, Colorado embodies the essence of refined mountain living. Encompassing approximately 84 private acres across two parcels within an exclusive 2,000-acre equestrian enclave, the property is framed by the unspoiled majesty of the Mount Sopris wilderness. Rich in character and possibility, the land is graced with two thoughtfully crafted cabins and classic ranch structures that evoke an authentic Colorado heritage--where privacy, sweeping vistas, and a deeply serene landscape converge. Parcel A, known as the 'Legacy Homestead,' spans 45.29 acres and presents a rare opportunity to honor tradition while envisioning something entirely your own with Pitkin County-approved activity envelope and site plan. Existing improvements include a timeless handcrafted cabin, a distinctive barn with guest quarters, an enchanting summer cottage, and a large, functional equipment shed--each structure contributing to an enduring ranch aesthetic, ideal for reimagining into a sophisticated mountain estate. Parcel B, the 'Visionary Retreat,' encompasses 39 pristine acres that expand the property's potential beyond a single residence, opening the door to a truly exceptional family compound. With commanding views of Mount Sopris and seamless access to surrounding public lands, this parcel invites a thoughtful extension of the homestead--whether through additional residences, equestrian facilities, or curated gathering spaces designed for generations to come. Together, the two parcels create a rare opportunity to shape a private legacy estate where family, land, and lifestyle are woven into one extraordinary setting. Located within SoprisMtnRanch.net, approximately 40 minutes west of Aspen Airport, the property is surrounded by both Colorado National Forest and The White River National Forest, creating a haven of thousands of acres with spectacular views, privacy, and abundant wildlife. Enjoy the nearby trails within Sopris Mountain Ranch as well Thomas Lakes and Mt Sopris wilderness area including the nearby Prince Creek mountain bike trail system. The 2 quaint and Outside Magazine's award winning mountain towns of Carbondale and downtown Basalt are located just a short drive away that entail all the additional recreation; Gold Medal fly fishing in the Roaring Fork and Frying Pan rivers, plenty of nearby public golf as well the exclusive, The Roaring Fork Club and modern amenities one needs including Whole Foods and fine restaurants. Finally, Sopris Mountain Ranch boasts wonderful year round equestrian and polo facilities, and a 4-bedroom community home available for rent for owners overflow guests. Enjoy this offering ''as is'' or continue to create your personal custom Colorado paradise.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
Basalt Elementary SchoolGrades PK-44.4 mi
4/10
Basalt Middle SchoolGrades 5-84.5 mi
6/10
Basalt High SchoolGrades 9-123.6 mi

Construction

Condition

  • Property condition: Excellent
  • Year built: 2008

Materials

  • Construction materials: Stone Veneer,Log Siding,Log

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cabin
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

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

Features

  • Fireplace features: Wood Burning
  • Fireplace: Yes

Interior Area

  • Total structure area: 1,032
  • Total interior livable area: 1,032 sqft

Property

Details

  • Parcel number: 246534101001
  • Zoning: RR

Lot

  • Lot size: 84.43 Acres
  • Features: Cul-De-Sac,Corner Lot,Landscaped

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

  • Avalanche
    AvalancheVery High
  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Landslide
    LandslideRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Avalanche
Inland Flooding
Lightning
Landslide
Winter Weather
Wildfire

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 $25,257$303,084
Home Insurance *$854$10,248
Property Taxes $1,415$16,980
Electricity $186$2,232
Total$27,712$332,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$950,125/yr
40% on housing$831,360/yr
45% on housing$738,986/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: 21.1%
21.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: -11.2%
-11.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$4,840This listing

vs Other Active Listings

Avg $/sqft

ZIP 81621$1,274
Pitkin County$2,494

vs Homes Sold Last Month

Median $/sqft

ZIP 81621$890
Pitkin County$2,182

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)

Price History

DateEventPrice
2026-05-02Listed for sale$5,950,000
2025-11-06Listing removed$6,900,000
2025-09-17Price change$6,900,000
2025-06-17Listed for sale$7,500,000
2023-07-07Sold$4,150,000
2006-05-25Sold$950,000

For Sale by Agent

AgentMichael Latousek
BrokerageDouglas Elliman Real Estate-Hyman Ave

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