About 322 Park Avenue
This Park Avenue duplex offers soaring views of Aspen Mountain and the privacy of a quiet neighborhood just across the Hopkins pedestrian bridge with easy walking access to the downtown core. Sale includes both separately deeded condominium units 1 & 2, each over 1,250 square feet totaling 2,506 square feet. Patio level common wraparound deck, second level private decks for each unit, storage shed, off street parking, landscaping with irrigation, & alarm system. Currently Unit 1 is a 3BR 2.5BA short term rental with frequent owner use, and Unit 2 is a 2BR 2.5BA long term rental, with a lease in place through April 2027. There is a sale termination clause in the lease agreement of unit 2 if buyer chooses to exercise. See attached rental summary in documents. Attached in documents is a zoning analysis from Forum Phi explaining remodel/expansion with additional FAR, and Single Family or Duplex Redevelopment options.
Features of 322 Park Avenue
| MLS® # | 188622 |
|---|---|
| Price | $7,900,000 |
| Bedrooms | 5 |
| Bathrooms | 6 |
| Full Baths | 4 |
| Half Baths | 2 |
| Square Footage | 2,506 |
| Acres | 0.08 |
| Year Built | 1959 |
| Type | Residential |
| Sub-Type | Duplex |
| Style | Two Story |
| Status | Active |
Community Information
| Address | 322 Park Avenue |
|---|---|
| Major Area | Aspen |
| Area | 01-Smuggler |
| Subdivision | Park Avenue Townhome |
| City | Aspen |
| County | Pitkin |
| State | CO |
| Zip Code | 81611 |
Amenities
| Utilities | Cable Available, Natural Gas Available |
|---|
Interior
| Heating | Natural Gas, Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished |
| Living Heated Sqft | 2,506 |
Exterior
| Lot Description | Landscaped |
|---|---|
| Roof | Composition |
| Construction | Wood Siding, Frame |
Additional Information
| Date Listed | May 31st, 2025 |
|---|---|
| Zoning | Residential |
| Short Sale | No |
| RE / Bank Owned | No |
| Data Source | AGSMLS |
| Year Remodeled | 2010 |
| Short Termable | Yes |
Subdivision Statistics
| Listings | Average Price | Average $/SF | Median $/SF | List/Sale price | |
|---|---|---|---|---|---|
| Active Listings 2 | Average Price $3,965,000 | Average $/SF $1,583 | Median $/SF $30 | Listing Price $7,900,000 |