OFF MARKET

Off market jan 2023 for $3.7M

—

Est. refi paymentEst. refi $24,417/mo

•

3,500

sq ft

403 Lester Ln, Basalt, CO 81621

About this home

A unique opportunity to own 35,000sf of space on 25.5 acres bordering BLM land with stunning views overlooking the entire Basalt valley. The existing structure cannot be replicated in Pitkin County and includes 3,500sf of attached residential space with 4+ bedrooms. Currently outfitted with an indoor riding arena but could easily be converted to a sport court or other use. Conveniently located just 4 minutes to Willits. Equestrian amenities: 20 indoor stalls, 4 oversized grooming stalls, 2 oversized wash stalls, 2 tack rooms, a feed room, hay storage, tractor garage, viewing lounge, 100' x 150' outdoor arena.

RanchProperty Type

2000Year Built

25.5 acresLot Size

$1,057Price/Sq.Ft.

3 car garageParking

Listed by Lauren Bullard • The Agency Aspen

Listed by Chris Flynn • The Agency Aspen

Contact: (970) 429-4255

Bought with Chris Flynn • The Agency Aspen

Bought with Lauren Bullard

Redfin checked: 3 minutes ago

•Source:AGMLS #177348

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 81621, CO

Last updated October 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

97.1%

0.8% MoM

Median sale price

$1.1M

$359K MoM

Avg. days on market

50d

21 days MoM

Recently sold homes

3 MoM

New listings for sale

NEW 18 HRS AGO
$2,600,000
4 beds2 baths2,324 sq ft
216 E Homestead Dr, Basalt, CO 81621
$2,495,000
3 beds2 baths1,844 sq ft
417 Holland Hills Rd, Basalt, CO 81621
3D WALKTHROUGH
$1,650,000
3 beds3 baths2,546 sq ft
1315 Ruedi Creek Road Rd, Basalt, CO 81621
$1,685,000
3 beds2 baths2,178 sq ft
262 Midland Ave, Basalt, CO 81621
$4,200,000
4 beds4.5 baths3,812 sq ft
2227 Emma Rd, Basalt, CO 81621
See all

Provided by Redfin

Sale history for 403 Lester Ln

Date

Event

Price

AGMLS #177348

Jan 27, 2023

Sold

$3,700,000

$1,057/sq ft

Jan 19, 2023

Pending

—

Jan 11, 2023

Relisted

—

Nov 9, 2022

Pending

—

Nov 1, 2022

Listed

$3,950,000

$1,129/sq ft

AGMLS #144065

Sep 30, 2016

Sold

$3,100,000

$886/sq ft

This is your opportunity to own your own horse facility and build your 5750 sqft dream home right next door. Lot 3 (25.5 acres) and 4 (15.49 acres) of Happy Day Ranch have never been offered together. 40 acres of land bordering BLM! This one of a kind 35,000+ sqft structure in Pitkin County, includes a 85' x 190’ indoor riding arena, 100’ x 150’ outdoor arena, 4 oversized grooming stalls, 2 oversized wash stalls, 2 tack rooms, 1 feed room, ample indoor hay storage, tractor garage, riders lounge, and 8 pastures. Each of the 20 stalls has a custom made Rockin J Equine stall front and Nelson heated automatic horse waterer system. This unique facility must be seen to truly appreciate.

AGMLS #122221

Mar 15, 2012

Sold

$1,100,000

$314/sq ft

+18

Equine crazy? 25+ acres of ranch land in Emma adjoins BLM, the Crown, and Rio Grand Trail for limitless trail rides. With 4 fenced pastures, the Olympic indoor arena and 20 extra large stalls make hanging at the ''barn'' a dream! Live at the barn's roomy 4 bedroom 2 1/2 baths with 2 kitchens makes it great for entertaining friends. You'll love sitting out on the deck enjoying the great views or impromptu horse get togethers! Location is key: Basalt - 2 minutes to shopping, school and restaurants; 30 minutes to Ajax or Snowmass for fresh powder days, the same to the Music Festival in the summer. Ride in the morning and play golf in the afternoon! Sold ''AS-IS''.

Public Records

May 2, 2006

Sold

$2,000,000

$571/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$19,173 (−0.5%)

$80,060 + $166,960

$247,020

2024

$19,276 (+5.6%)

$75,000 + $156,410

$231,410

2023

$18,250 (+9.5%)

$72,610 + $172,610

$245,220

2021

$16,663 (+0.6%)

$76,450 + $121,790

$198,240

2020

$16,559 (−0.4%)

$78,650 + $125,300

$203,950

2019

$16,626 (−2.0%)

$78,650 + $132,900

$211,550

2018

$16,969 (+6.1%)

$78,650 + $132,900

$211,550

2017

$15,994 (+5.0%)

$79,200 + $133,420

$212,620

2016

$15,234 (+13.9%)

$79,200 + $133,420

$212,620

2014

$13,370

$55,720 + $142,710

$198,430

Tax history for 403 Lester Ln

Year

Property tax

Land + Additions

Assessment*

2025

$19,173 (−0.5%)

$80,060 + $166,960

$247,020

2024

$19,276 (+5.6%)

$75,000 + $156,410

$231,410

2023

$18,250 (+9.5%)

$72,610 + $172,610

$245,220

2021

$16,663 (+0.6%)

$76,450 + $121,790

$198,240

2020

$16,559 (−0.4%)

$78,650 + $125,300

$203,950

2019

$16,626 (−2.0%)

$78,650 + $132,900

$211,550

2018

$16,969 (+6.1%)

$78,650 + $132,900

$211,550

2017

$15,994 (+5.0%)

$79,200 + $133,420

$212,620

2016

$15,234 (+13.9%)

$79,200 + $133,420

$212,620

2014

$13,370

$55,720 + $142,710

$198,430

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

25.5 Acres

Year renovated

2000

Sq. Ft.

3,500

Year built

1999

Style

Single Family Residential

County

Pitkin County

APN

R012907

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 20, 2026.

Property details

Interior

Bathroom Information
Bathrooms Full: 2
Bathrooms Three Quarter: 2

Heating & Cooling
Has Heating
Heating: Wood Stove, Baseboard

Exterior

Exterior Features
New Construction YN: No
Foundation Details: Slab
Roof: Metal
Direction Faces: Northeast

Lot Information
Lot Size Acres: 25.5

Financial

Tax Information
Tax Year: 2021
Tax Annual Amount: $16,662.52

Utilities

Utility Information
Electric: Yes

Location

Location Information
Directions: Take Highway 82 to Emma Rd. Turn left on Hooks Lane.
Subdivision Name: Happy Day Ranch

Public facts

Beds: 3
Baths: 4.0
Sq. Ft.: 3,500
Stories: 2.0
Lot Size: 25.5 acres
Style: Single Family Residential
Year Built: 1999
Year Renovated: 2000
County: Pitkin County
APN: R012907

Home facts updated by county records on Oct 20, 2026

Other

Property Information
Property Condition: Good
Model: No

Listing Information
Standard Status: Closed

Around this home

Schools

K - 12
Preschool & daycare

Basalt Elementary School

Public PreK-4 • Assigned • 3.0mi

8/10

Basalt Middle School

Public 5-8 • Assigned • 3.1mi

7/10

Basalt High School

Public 9-12 • Assigned • 2.6mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

5/10 Fire Factor

5% chance of being in a wildfire in next 30 years

2/10 Heat Factor

9 days above 87° expected this year, 23 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

3/10 Air Factor

4 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Basalt, CO • 81621

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.9 hours in June and 6.1 hours in December, placing it above the U.S. average for solar exposure.

10.9 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Basalt. 3 minutes to get started.

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Land— sq ft

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Listing provided by REColorado as Distributed by MLS Grid

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Commanding views • Three homes

New listings for sale in 81621

NEW 18 HRS AGO

$2,600,000

4 beds2 baths2,324 sq ft

216 E Homestead Dr, Basalt, CO 81621

Mature gardens • Fruit trees • Flexible fourth room

$2,495,000

3 beds2 baths1,844 sq ft

417 Holland Hills Rd, Basalt, CO 81621

0.68 acre lot • Mature landscaping • Updates to kitchen

3D WALKTHROUGH

$1,650,000

3 beds3 baths2,546 sq ft

1315 Ruedi Creek Road Rd, Basalt, CO 81621

Timber construction • Three ponds • Heated shop

$1,685,000

3 beds2 baths2,178 sq ft

262 Midland Ave, Basalt, CO 81621

6,446 sq ft lot • Garage • Built 1961

$4,200,000

4 beds4.5 baths3,812 sq ft

2227 Emma Rd, Basalt, CO 81621

Five acre gem • Irrigated acres • Heated barn shop

Home values near 403 Lester Ln

Data from public records.

Address	Redfin Estimate
301 Lester Lane, Basalt, CO 3 Beds \| 3 Baths \| 2503 Sq. Ft.	—
22 Crown Mountain Drive, Basalt, CO 5 Beds \| 4 Baths \| 3441 Sq. Ft.	$2,671,197
108 Crown Mountain Drive, Basalt, CO 4 Beds \| 4 Baths \| 4521 Sq. Ft.	$3,813,641
373 Apple Drive, Basalt, CO 4 Beds \| 4.5 Baths \| 4032 Sq. Ft.	$4,914,116
2701 Emma Road, Basalt, CO - Beds \| - Baths \| - Sq. Ft.	—
2707 Emma Road, Basalt, CO 3 Beds \| 2 Baths \| 2770 Sq. Ft.	—
2700 & 2701 Emma Road, Basalt, CO - Beds \| - Baths \| - Sq. Ft.	—

Address	Redfin Estimate
193 Lester Lane, Basalt, CO 3 Beds \| 2 Baths \| 2076 Sq. Ft.	—
66 Crown Mountain Drive, Basalt, CO 4 Beds \| 3 Baths \| 3360 Sq. Ft.	$2,796,712
88 Crown Mountain Drive, Basalt, CO 3 Beds \| 2 Baths \| 2290 Sq. Ft.	—
390 Apple Drive, Basalt, CO 4 Beds \| 2.5 Baths \| 3102 Sq. Ft.	$2,348,774
77 Basalt Center Circle, Basalt, CO 3 Beds \| 2.5 Baths \| 3117 Sq. Ft.	$3,060,830
3004 Emma Road, Basalt, CO - Beds \| - Baths \| - Sq. Ft.	—

Address	Redfin Estimate
201 Lester Lane, Basalt, CO 3 Beds \| 3 Baths \| 2374 Sq. Ft.	—
450 Hooks Lane, Basalt, CO 3 Beds \| 2 Baths \| 3300 Sq. Ft.	$2,443,787
122 Crown Mountain Drive, Basalt, CO 4 Beds \| 5 Baths \| 5535 Sq. Ft.	$5,472,107
2900 Emma Road, Basalt, CO 3 Beds \| 2 Baths \| 1118 Sq. Ft.	$637,514
45 Westerly Lane, Basalt, CO 2 Beds \| 3 Baths \| 2002 Sq. Ft.	—
122 Crown Drive, Basalt, CO - Beds \| - Baths \| - Sq. Ft.	$1,461,957

Property information provided by AGMLS when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 81621, CO

Sale history for 403 Lester Ln

Tax history for 403 Lester Ln

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 81621

Home values near 403 Lester Ln

More real estate resources