About this property

$8,900,000 | 311 Midland Avenue, Aspen, CO 81611

Live, Rent, or Develop -Rare opportunity in East Aspen! This charming 4-bedroom home in East Aspen offers a range of possibilities: enjoy it as a personal residence, benefit from its strong rental history, or take advantage of the included development plans to create your Aspen dream home. Located within walking distance to downtown Aspen, the Gondola, and the shopping, dining, and nightlife scene, this property combines convenience with comfort. LIVE: Enjoy the home as-is with features including a fireplace on the main level, newly installed carpet in the bedrooms, a spacious kitchen, an outdoor hot tub and off-street parking. The primary bedroom occupies the upper level for added privacy, while two additional bedrooms are situated on the main floor. The lower level features a separate bedroom complete with a kitchenette and private bath—ideal for use as a nanny suite or in-law unit. RENT: The home is offered partially furnished and currently has excellent long-term tenants, providing immediate rental income. Situated on a quiet street, it's just 1.5 blocks from a shuttle stop and a short walk to town using the nearby footbridge. Located in the highly regarded Aspen School District, this property is an attractive rental investment opportunity. DEVELOP: For those looking to develop, included with the sale are plans for a luxury new build, which have already been submitted for permitting—offering a unique opportunity and head start to build your dream residence in one of Aspen's most desirable locations. OPTIONS abound! Your mountain dream starts here!