CASTLE VIEW ESTATES | THREE PARCEL LEGACY OPPORTUNITY An extraordinary opportunity to acquire all three parcels of Castle View Estates in the iconic Frying Pan River Valley, encompassing approximately 22.06 acres just five miles from Basalt. Set beneath the dramatic Seven Castles and surrounded by some of Colorado's most spectacular scenery, these three parcels offer a rare combination of privacy, breathtaking mountain and valley views, a spring-fed pond, valuable water rights, and proximity to the renowned Gold Medal waters of the Frying Pan River. Offered together, the properties present an exceptional opportunity to create a private legacy compound spanning all three parcels, or to develop three distinctive residences, each with its own setting and vision. The offering includes approximately 4.14 acres at 4959 Frying Pan Road, over 11 acres at 5045 Frying Pan Road, and approximately 6.508 acres at 5129 Frying Pan Road. Towering red cliffs provide a spectacular backdrop while eagles, osprey and herons frequent the valley overhead. The spring-fed pond and expansive open land further distinguish this remarkable setting. A truly unique opportunity to control three neighboring parcels in one of the Roaring Fork Valley's most coveted and visually striking locations. See site plans and associated documents for individual parcel details, water rights and additional property information. Perhaps one lucky individual will create a legacy compound on all three lots - or three individuals will place their own vision and build a special home on each property...
Graciously tucked into the hillside sits two adjacent lots totaling over 20 acres of wonderful seclusion along the Frying Pan River. The gentle rolling topography and open nature of the land is primed to construct the perfect dream home or family retreat. Enjoy the towering mountain vistas down to the tranquil sounds of the river's bend. This most coveted location is less than 3 miles from downtown Basalt and is the epitome of repose, opportunity and all-time convenience.
AGMLS #172675
Nov 19, 2021
Sold
$2,400,000
+11
South Taylor Creek Lot 1-B is an 18.4-acre pristine riverfront parcel just over five miles up the Frying Pan from Old Town Basalt. This is an incredible opportunity to build your dream ranch home with spectacular views of Seven Castles and the surrounding mountains, abundant sunshine, irrigated pastures with pre-existing fencing, and direct access to the Frying Pan River and adjacent public lands. This property provides a unique lifestyle experience with activities ranging from gold medal fishing with 600' of direct private access, road biking on Frying Pan Road, cross country skiing and snowshoeing, and only 25 minutes from skiing and snowboarding at four world-class mountains at Aspen Snowmass. Main residence, guest house and barn are allowed with schematic plans created byKA DesignWorks for an approximately 8,500 sq. ft. main residence. Boating and SUP'ing at Reudi Reservoir, and an abundance of trails and high mountain lakes are just up the road. KA DesignWorks for an approximately 8,500 sq. ft. main residence. Boating and SUP'ing at Reudi Reservoir, and an abundance of trails and high mountain lakes are just up the road.
AGMLS #170574
Sep 27, 2021
Sold
$1,650,000
AGMLS #171154
Sep 14, 2021
Sold
$4,750,000
AGMLS #140495
Aug 3, 2020
Sold
$1,675,000
AGMLS #160086
Jul 27, 2020
Sold
$1,800,000
AGMLS #150189
Aug 1, 2018
Sold
$2,350,000
AGMLS #154228
Jul 31, 2018
Sold
$2,100,000
AGMLS #148729
Dec 5, 2017
Sold
$670,000
AGMLS #134779
Aug 15, 2014
Sold
$160,000
AGMLS #118219
Dec 28, 2010
Sold
$5,000,000
AGMLS #106711
May 15, 2009
Sold
$375,000
AGMLS #95243
Jul 29, 2008
Sold
$2,150,000
AGMLS #47229
Mar 29, 2006
Sold
$1,981,000
AGMLS #52556
Sep 22, 2005
Sold
$675,000
AGMLS #51608
Jun 22, 2005
Sold
$241,000
As the MLS and public records start to fill up, we'll list the details here.
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Vacant Land
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Eagle County
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Last updated by owner on Oct 15, 2026.
R
Resource District
The purpose of the Resource R zone district is to maintain the open rural character of Eagle County and to protect and enhance the appropriate use of natural resources and agricultural uses in the County including water, minerals, fiber and open land. This is accomplished by limiting residential development to very low density single-family uses on lots of 35 acres or larger, or by encouraging clustered development on smaller lots within those portions of a property that do not contain environmental resources or natural hazard areas and by maintaining the remainder of the property as common open space or ranch land, and by limiting new commercial development to uses that have a resource orientation and to small recreation areas that comply with Master Plan policies for such uses.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Infrastructure-Other
Library
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
1/10 Heat Factor
11 days above 81° expected this year, 29 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Basalt, CO • 81621
Average low and high temperatures (°F)
35
14
46
24
57
31
59
33
68
39
82
49
86
55
82
52
73
44
65
37
49
26
42
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Basalt. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Tbd Frying Pan Rd
$4,988,966
$511K under list price of $5.50M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.0M to $15.5M.