$11,000,000
( $1058.61Per Sq Foot )
 $59,050 est/mo Sourced by Back At You

129 Gothic Avenue,Crested Butte, CO 81224

Crested Butte, CO 81224

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Description

An iconic property located in the coveted historic west end of Town, this one of a kind Crested Butte hotel and bed and breakfast business cannot be duplicated. At 10,391 SF, the property features 19 guest rooms, 22 bathrooms, a managers apartment, spacious common areas for guests, a large kitchen, a full bar, comfortable guest lounging and dining areas as well 2 lobby powder rooms. Beautifully renovated and very well maintained, the original locally sourced Douglas fir wood flooring was recently refinished and all of the guest accommodations are individually decorated. The third floor rooms include balconies with spectacular views of the ski resort and the surrounding mountains. The Elk Mountain Lodge is nestled in a quiet residential neighborhood surrounded by historic residences. It is the only in-town hotel located west of 5th Street and enjoys convenient access to Elk Avenue’s commercial core and the skier shuttle stop to Crested Butte Mountain Resort. The popular Lower Loop ski, bike and hiking trail system is only a few blocks away. The offering includes all of the assets of the profitable hotel business including all of the fixtures, furnishings and equipment. Highlights include the Baby Grande piano, a liquor license, a roomy hot tub facility, deeded off-street parking, a large front deck, and a 1,203 SF basement. Other assets include the business’ high performance website and domain name plus the business’ brand. There is a fleet of townie bikes for guests and overnight storage for skis and bikes. Recent capital improvements include a new commercial laundry room, a Wolf range, recently replaced windows, recently replaced roof, a new deck with custom iron railings, and a commercial grade internet and WiFi system by King Systems. The options are endless for this property with the included multi-use residential and commercial zoning. House employees or a family in the four first floor rooms, while maintaining 15 guest rooms upstairs, or continue using it as a lodge with 19 guest rooms. The offering includes a commercially zoned (vacant) parcel located on Belleview Avenue.

Details

MLS #837287
Listing TypeFor Sale
StyleHotelmotel
Building NameElk Mountain Lodge
Sub-TypeResale
StatusActive
Year1919
Days On Site64
Listing Provided ByLIV Sotheby's International Realty - CB | Channing Boucher

Features

Bath(s) 22 Total
SQ Feet10,391
Story(s)3
Units2
ZoningOther
Acreage0.18

Interior

Heating Yes / NoYes
HeatingBaseboard, Electric, Fireplaces, Hot Water, Natural Gas, Wood
FurnishedFurnished

Exterior

RoofMetal
Foundation DetailsBasement
Lot FeaturesCorner Lot

Parking

Parking FeaturesCommon, Off Street, Parking Spaces

Utilities

UtilitiesElectricity Connected, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available

Other

List AorGunnison Crested Butte Association Of Realtors

Taxes

Property35139

Area Information

StateCO
CountyGunnison
CityCrested Butte
Zip Code81224
AreaCrested Butte
Listing VS Median (in 81224)
Price:
$11,000,000
low | high
Med:
$1,950,000
100% of Average
sqft:
10,391
low | high
Med:
2,608
100% of Average
$ / sqft:
$1,059
low | high
Med:
$748
79.36959704406% of Average
On site:
64
low | high
Med:
430.5
14.86643437863% of Average
Sourced by Back At You

Market Activity 81224

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Learn More About This Property

StateCO
CountyGunnison
CityCrested Butte
Zip Code81224
AreaCrested Butte
Listing VS Median (in 81224)
Price:
$11,000,000
low | high
Med:
$1,950,000
100% of Average
sqft:
10,391
low | high
Med:
2,608
100% of Average
$ / sqft:
$1,059
low | high
Med:
$748
79.36959704406% of Average
On site:
64
low | high
Med:
430.5
14.86643437863% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $8.25M - $13.75M
sqft: 7,500 - 12,500
Nearby Listings Property ImageNearby Listings Details
322 Belleview Avenue Property Photo 1
$4,275,000
322 Belleview Avenue
Crested Butte, CO 81224
Listing Updated: July 22, 2026 at 12:46:47 AM PDT