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507 First Street

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Property Info

507 First Street
Crested Butte, CO 81224

$6,995,000

3 Beds

4 Baths

2,069 Square Feet

Residential

MLS# 835650

County: Gunnison

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Property Details

BEAR ALLEY - Unwrap the fairytale - A Once-In-A-Lifetime Creekside Compound: Tucked away on a private alley in the most desired west side of town – this enchanting creekside compound is a secret sanctuary, impossible to replicate in character or setting. Hidden along 200 feet of riverfront on Coal Creek, BEAR ALLEY is a first-time-to-market treasure. There is nothing like it. There never will be. Featured in premier architectural lifestyle publications and showcased on HGTV, BEAR ALLEY is a masterful blend of scale, artistry, light and privacy. It’s unique character of warmth and magic leaves visitors captivated, charmed, and breathless. Historic Charm Meets Artisan Craftsmanship: Constructed in 2001, the property incorporates two original 100-year-old coal sheds — meticulously restored and grandfathered-in as livable spaces that offer both personality and a timeless connection to Crested Butte’s past. The historic structures are seamlessly fused with custom craftsmanship throughout. The home’s open floor plan is anchored by soaring 30-foot ceilings and massive beams salvaged from the largest, century-old warehouse on the Columbia River. Original iron bolts remain intact, lending authenticity and character rarely found in modern construction. The exterior timber on the main house was sourced from Montana’s Elkhorn Mine – weathered lumber as old as the original coal sheds, blending with the home’s aged patina. The line between old and new vanish in the craftsmanship, At the heart of the home lies its true masterpiece: 18-inch-wide Eastern Heart Pine floors, reclaimed from an 18th-century Virginia barn. Civil War soldiers once walked these planks – each board carrying the weight of history. The Master Wing: A Private Sanctuary: The master bedroom wing is a private retreat all its own – a former coal shed now transformed into a sanctuary just inches from your own stretch of Coal Creek. Above the bed, skylights frame the full moon; below, the soothing sound of running water lulls you to sleep. This spacious master suite features a kiva-style gas fireplace, an Ann Sacks soaking tub, custom concrete sinks, and Sonoma Forge fixtures – all accenting the combined bedroom and bathroom experience. The Bunkhouse: Whimsey For A New Generation The BUNKHOUSE – a third bedroom that sleeps four – is the second restored outbuilding, offering children their own whimsical world just steps from the main house. Part fort, part hideaway, it captures the spirit of Crested Butte’s slightly askew and delightfully untraditional approach to living. A Setting Like No Other: Shaded by Crested Butte’s oldest and most majestic cottonwoods, every door opens to a private interior yard where wildflower gardens bloom, a creekside flagstone patio invites al fresco dining, and a hot tub rests at the water’s edge. Here, barefoot relaxation is a way of life — even from a lounge chair set right in the creek. Secluded at the end of this dead end gravel lane, BEAR ALLEY is free from traffic, tourists and noise – yet just two blocks from the vibrant energy of Elk Ave. Upscale dining, boutique shopping, day spas and lively bistros are steps from your front door, while hiking and biking trails, schools, churches, and ice rinks are all within easy walking distance. Only one other home shares this private alley, offering the rare luxury of living in town with unmatched privacy. More Than A House – A Legacy: A legacy like this cannot be built again. This is more than a residence – it is a generational sanctuary. A rare offering of privacy, location, water and soul.

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Interior Features

3 Beds
4 Baths
2,069 Square Feet
Appliances: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Exhaust Fan
Flooring: Hardwood,Tile
Heating: Natural Gas,Electric
Interior Inclusions: Window Coverings,W/D Hookup,Vaulted Ceiling,Guest Quarters,Hot Tub
Zoning: Residential Single Family

Exterior Features

0.180 Acres
Garage:
Siding: Wood
Roof: Metal
Fencing: Fenced - Back,Fenced - Front
Exterior Inclusions: Landscaping,Irrigation Water,Deck,Hot Tub,Lawn Sprinklers

Schools

Elementary: Crested Butte Community K-12
Middle: Crested Butte Community K-12
High: Crested Butte Community K-12

Courtesy of Channing Boucher 970-596-3228 cboucher@livsothebysrealty.com

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This data was last updated: 2026-07-22 7:25am

SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

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