Fractional Sales and Resales in Aspen Colorado
This is the first in a series of articles about fractional and private residence club sales and resales in specific destinations. Aspen Colorado is the most chic ski resort in the US and also boasts a thriving summer program that makes it immensely popular year round.
Visitors to Aspen will find a restored historic town, two nearby preserved ghost towns offering a glimpse of the region's rich mining history, excellent trout fishing, and nearly every outdoor activity imaginable. There are four ski mountains that attract world-class skiers in the winter, and numerous cultural events and concerts at the world-renowned Aspen Music Festival in the summer. The town also boasts renowned dining and shopping options.
With this popularity as a vacation destination for the affluent, the town and its surroundings are home to a large selection of fractional and residence club homes. Prospective residents can choose from studios to five-bedroom residences offering owners fraction sizes from 1/20 to 1/3 shares. Prices for Aspen fractional properties range from $10,000 to $2.8 million. We searched through the MLS (multiple listing service) and found over 250 listings for fractional property in the Aspen area. Below is a summary of our findings.
| Property | # Fractions For Sale | Bedrooms | Price Range | Fraction Size |
| Hyatt Grand Aspen | 7 | 1 | $99k-$395k | 1/12-1/20 |
| Hyatt Grand Aspen | 23 | 2 | $155k-$1.0m | 1/12-1/20 |
| Hyatt Grand Aspen | 39 | 3 | $179-$1.15m | 1/12-1/20 |
| Hyatt Grand Aspen | 3 | 4 | $179-$1.15m | 1/12-1/20 |
| Hyatt Grand Aspen | 1 | 5 | $2.25m | 1/12 |
| St. Regis Residence Club | 30 | 2 | $165k-$1.1m | 1/4-1/12 |
| St. Regis Residence Club | 17 | 3 | $390k -$1.2m | 1/10-1/12 |
| Residences at Little Nell | 2 | 3 | $1.5m | 1/8 |
| Residences at Little Nell | 4 | 4 | $1.9m-$2.8m | 1/8 |
| Ritz Carlton Club | 17 | 2 | $129k-$240k | 1/12 |
| Ritz Carlton Club | 58 | 3 | $160k-$575k | 1/6-1/12 |
| The Timbers Club | 8 | 3 | $419k -$500k | 1/8 |
| The Innsbruck | 2 | 1 | $90k | 1/12 |
| The Innsbruck | 7 | 2 | $175k-$220k | 1/12 |
| Snowmass Club | 9 | 2 | $150k-$217k | 1/7 |
| Snowmass Club | 9 | 3 | $260k-$307k | 1/7 |
| Snowmass Club | 6 | 4 | $250k-$320k | 1/8 |
| Snowmass Club | 4 | 5 | $375k-$475k | 1/8 |
| Roaring Fork Club | 8 | 1 | $245k-$315k | 1/6 |
| Roaring Fork Club | 6 | 3 | $499k-$795k | 1/4-1/6 |
In addition to all the above fractions there are also several single family homes that have fractions for sale and some other residence clubs with just a few fractions for sale.
The enormous variation in pricing in the table above is due to a variety of factors, including the size of fraction or share, the location, fittings and services of the property and whether you are buying a fixed time period or whether your time "floats". Some properties offer fixed weeks - so for instance if you always want to visit during Christmas and New Year you'll have to pay a significant premium. As a specific example the $2.25m being asked at the Hyatt is actually two residences combined to make one 5-bedroom unit, and the owner owns both Christmas and New Years weeks.
Destination Club and Residence Fund Guide
For an in-depth understanding of destination clubs and residence funds, download our free guide. This book offers details about the various types of clubs and membership plans, how reservations work, the financial aspects you'll need to know, how these two vacation home alternatives compare to luxury second home ownership in terms of cost and questions you should ask when looking to join a club. We do ask you to register to access the Guide.