About 740 Hearthstone Drive
Priced to move at $699 per square foot, this home currently represents the lowest price per square foot among single-family residences in the area--an exceptional value that leaves room for the updates you envision. Discover a true diamond in the rough on one of the most desirable streets in the highly sought-after Elk Run neighborhood of Basalt--one of the valley's premier family-friendly communities. Built with solid great bones, it presents an opportunity for personalization and significant upside through updates and remodeling. The spacious living room is open to the kitchen and dining area. A main floor office is convenient and functional. Upstairs, the large primary suite has a dramatic vaulted ceiling, a double-sink bathroom, and a large walk-in closet, as well as 2 more bedrooms and a full bath. The lower level features an oversized family room that offers flexibility--a portion of it could easily be converted into an additional bedroom, complete with a closet and full bathroom. A front and rear deck. The oversized two-car garage provides abundant extra storage for gear, toys, or vehicles. The backyard is ideal for pets. A rare chance to create value and equity in this prime location, walking distance to downtown Basalt.
Price Change History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Price Reduced from $2,478,000 to $2,200,000 | Change: ↓ $278,000 (11.22%) |
Features of 740 Hearthstone Drive
| MLS® # | 191360 |
|---|---|
| Price | $2,200,000 |
| Bedrooms | 3 |
| Bathrooms | 4 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 3,146 |
| Acres | 0.17 |
| Year Built | 1996 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 740 Hearthstone Drive |
|---|---|
| Major Area | Basalt |
| Area | 05-Basalt Proper |
| Subdivision | Elk Run |
| City | Basalt |
| County | Pitkin |
| State | CO |
| Zip Code | 81621 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| # of Garages | 2 |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| # of Fireplaces | 1 |
| Fireplaces | Gas |
| Has Basement | No |
| Living Heated Sqft | 3,146 |
Additional Information
| Date Listed | January 15th, 2026 |
|---|---|
| Zoning | Residential |
| Short Sale | No |
| RE / Bank Owned | No |
| Data Source | AGSMLS |
| Short Termable | Yes |
Subdivision Statistics
| Listings | Average Price | Average $/SF | Median $/SF | List/Sale price | |
|---|---|---|---|---|---|
| Active Listings 5 | Average Price $2,087,800 | Average $/SF $681 | Median $/SF $2 | Listing Price $2,200,000 |