luxury waterfront houses for sale Aspen, United States

Set on five private acres with almost 190 feet of direct Gold Medal Frying Pan River frontage, 768 Kings Lake Road offers true fish-in/fish-out access in one of Colorado’s most coveted river corridors. This is a rare stretch of the Frying Pan, private, usable, and immediately accessible from your own land. Built in 2013 and maintained in excellent condition, the 1,904-square-foot home features 2 bedrooms and 3 baths in a functional split-level layout. Large windows frame the surrounding landscape, and the constant sound of the river defines the experience, quiet, immersive, and distinctly Colorado. The setting feels secluded while remaining just 6 miles from Old Town Basalt, 7 miles from Ruedi Reservoir, and within 30 minutes of Aspen and Snowmass. The seller has invested approximately $250,000 in improvements, including completed fire mitigation that creates meaningful defensible space and enhances long-term resilience. The property also includes conceptual plans by F&M Architects for a thoughtfully designed expansion featuring a guest suite, 2-car garage, and additional flex space, offering a clear path to grow into a more substantial riverfront compound without the delays and uncertainty of starting from scratch. The lifestyle here is immediate and year-round: world-class fly fishing at your doorstep, direct access to hiking, biking, and backcountry terrain in the surrounding White River National Forest, plus boating and fishing at nearby Ruedi Reservoir. The acreage offers an appealing balance of usability and privacy, complemented by existing outdoor living spaces and accessory structures. Opportunities with this combination of acreage, privacy, and direct Frying Pan River frontage are increasingly scarce. Whether as a primary residence, second home, or long-term hold with expansion upside, 768 Kings Lake Road stands out as a compelling and hard-to-replace offering in the Frying Pan Valley. 5.01 Acres | 1,904 SF | 2 Bed / 3 Bath | Built 2013 | ~190' Frying Pan River Frontage | Expansion Plans Included