Hassford Gulch “The Castle” Auction – Asking Price $5.1M, Highest Bid $2.425M
“Is there/Was there a Reserve? What Happened?” These two questions were asked of me 50+ times… per the Concierge Auction contract – the Seller has the right to make a “go/no-go” decision prior to the auction – so in effect there is a “reserve in the mind of the seller” – and if the bids are too low the seller can call off the live auction before it starts. Each bidder is required to submit a sealed bid and put up $100,000 in earnest money to play ball. There were 9 bidders – evidently all oil & gas executives with money. The bidding stalled above $2M and at $2.4M the decision was made to take a break. The expectation was a bidding war would materialize – the final winning bid of $2.425M was “an unbelievable deal” and certainly a shock to the seller and the auction house (they were confident there would be bids well above $4M).
If you have been in Crested Butte this Summer and driven on Brush Creek Road or in Skyland playing golf you may not have been able to miss the signs and advertisements in the paper regarding the Auction of this Luxury Home at 130 Whetstone Vista Drive in Crested Butte. In 2007 this luxury home nicknamed “the castle” came on the market at $6.5M and currently listed for sale at $5.1M by the Benson Sotheby’s International Realty brokerage.
There has never been a real estate auction of this type before in Crested Butte – and it may be a long time before we see another one…
Hassford Gulch is a beautiful five bedroom home located in Crested Butte on 130 Whetstone Vista Drive on a 2.2 acre property. Materials from around the world have been incorporated into the home’s design, from the white oak ceilings recovered from old Pennsylvanian warehouses to antique cooking pots from India re purposed as basin and bar sinks. With over 7,800 square feet and a spacious living room, dining room, and home theater, there is plenty of space to accommodate large family gatherings. This home was placed on auction and the auction was on July 28, 2014. The bidding is closed and the sale is pending. It was sold to the highest bidder at $2.425 million.
Here is a link to the Hassford Gulch website
Here is a link to the home on the Concierge Auctions site
Features of the Home
- 2.2 acre property located in beautiful Crested Butte
- Adjacent to Gunnison National Forest and the Club at Crested Butte golf course
- 7,864 sf custom home inspired by award-winning films Gosford Park & Downton Abbey.
- Designed by the renowned architectural firm of Spitzmiller & Norris, Inc of Atlanta
- 5 bedrooms // 5 full and 3 half bathrooms
- Named one of “America’s Finest Homes” by Frontgate magazine
- Spectacular view of the Elk Mountain Range of the Rocky Mountains
- Authentic English pub bar
For more information about the Crested Butte area or for specific questions about the Crested Butte Real Estate Market contact:
Chris Kopf, Previews® Property Specialist
Coldwell Banker Bighorn Realty
Phone: (970) 209-5405
305 Sixth Street, PO Box 100 Crested Butte, CO, 81224
Click here to do an advanced search the MLS for properties for sale in the Crested Butte area