506 Nicholson Lake Ridge Rd, Crested Butte, CO 81224
About this home
Only 10 minutes from downtown Crested Butte and the ski resort, yet 506 Nicholson Lake Ridge Road feels worlds away! Located in the coveted Alpine Meadows subdivision, this 1.64-acre property is your last chance to design and build a home along the spectacular lakeside ridge of the neighborhood (after this, there are no more lots left!). With year-round access, it combines the privacy and tranquility of a rural mountain setting with incredible proximity to town. Standing on the lot among the mature pines, there’s a real nostalgic cabin-by-the-lake feel. Uniquely, Alpine Meadows does not have designated building envelopes, giving you the flexibility to choose the build site and views that best suit your vision. Toward the front of the lot, you could orient the home to capture views of Paradise Divide. Toward the back, selective tree clearing could open up gorgeous views of Nicholson Lake, one of the neighborhood’s defining amenities. The private lake is shared by just 22 homeowners and enjoyed for fishing, swimming, paddleboarding, and more. Just beyond it, the Lupine Trailhead provides convenient summer access to miles of trails, with the Oh Be Joyful Valley and Paradise Divide farther up the road. In winter, the road closes just past the lake, putting snowmobiling, snowshoeing, cross-country skiing, and backcountry recreation practically outside your door. The current owners have already completed valuable preliminary due diligence, including soils testing and surveys. Water and power are available at the lot, and an existing shed is served by 200-amp electrical service, providing useful storage and functionality from day one. There simply are not many places left where you can build something entirely your own, enjoy a private lake and year-round recreation, and still be this close to Crested Butte. 506 Nicholson Lake Ridge Road is one of them.
Vacant landProperty Type
1.64 acresLot Size
$527,439Price/Acres
Listed by Alexandra Richland• Signature Properties Ebner & Associates, LLC
Sale and tax history for 506 Nicholson Lake Ridge Rd
Sale History
Tax History
Date
Event
Price
cren #838518
Aug 28, 2026
Listed
$865,000
cren #768918
Feb 18, 2021
Sold
$680,000
May 1, 2020
Listed
$680,000
+22
Located in the coveted Alpine Meadows subdivision and overlooking Nicholson Lake, this special parcel offers that authentic mountain setting you've been seeking. Stepping out of the car you're greeted with unmistakable smell of pine trees as you are surrounded in a forested neighborhood. This particular lot overlooks Nicholson Lake through the trees. Located just a short drive north of town down Slate River Road, the owners in this subdivision enjoy private use of Nicholson Lake: paddle board, swim, canoe during the summer months and ice skate, play pond hockey or ice fish during the winter. The ideal mountain property so close to town and yet in a world of its own.
cren #762473
Nov 1, 2019
Listing Removed
—
Aug 26, 2019
Listed
$680,000
Public Records
Oct 10, 2007
Sold
$680,000
Year
Property tax
Land + Additions
Assessment*
2025
$8,489 (−2.7%)
$141,940 + $1,690
$143,630
2024
$8,722 (+3.2%)
$141,940 + $1,690
$143,630
2023
$8,456 (+54.9%)
$142,460 + $1,550
$144,010
2022
$5,459 (+528.9%)
$142,460 + $1,550
$144,010
2021
$868 (−29.3%)
$80,270
2020
$1,228 (+2.3%)
$14,810
2019
$1,200 (+54.0%)
$19,790 + $1,390
$21,180
2018
$780 (−1.0%)
$19,790 + $1,390
$21,180
2017
$787 (+42.9%)
$12,330 + $960
$13,290
2016
$551 (+1.5%)
$12,330 + $960
$13,290
2015
$543 (+14.8%)
$8,360 + $1,560
$9,920
2014
$473
$8,360 + $1,560
$9,920
Public record
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
1.64 Acres
Year renovated
2010
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
2010
Style
Single Family Residential
County
Gunnison County
APN
R012806
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 11, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
1/10 Heat Factor
11 days above 79° expected this year, 28 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Crested Butte, CO • 81224
Average low and high temperatures (°F)
26
7
36
18
45
26
46
27
55
34
70
44
71
49
70
47
63
41
55
33
40
20
33
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 506 Nicholson Lake Ridge Rd
$861,462
$3,538 under list price of $865K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $475K to $1.7M.