This is a rare opportunity to own property on the exclusive Ridge of Red Mountain in this price range. This four-bedroom, three-bath property is priced at land value. The house is very livable or rentable while you design your dream home. Located at the end of a quiet cul-de-sac, this property is ready for a remodel or for a new building project. The lot is 24,718 sq. ft. with 270-degree views. Enjoy spectacular views and mountain sunsets to the west, Red Mountain and Hunter Creek views to the north, and Aspen Mountain, Aspen Highlands and Buttermilk Mountain panoramas to the south. You can currently build 5,750 sq. ft., 3,160 above grade, 1,840 below grade and a 750 sq. ft. garage. This is a county TDR receiver site to increase up to a 7,500 sq. ft. home. This is a great value in today’s real estate market to create something special in the most exclusive neighborhood in Aspen.