About 216 E Homestead Drive
Opportunities like this rarely come along in Old Town Basalt. Set on approximately one-third of an acre just one block from downtown, 216 E. Homestead sits on one of the larger residential parcels in the town core, offering a combination of land, walkability, and future potential that is increasingly difficult to find. The existing four-bedroom, two-bath home is surrounded by mature gardens, fruit trees, a year-round heated greenhouse, and a detached radiant-heated studio, creating a property that is both immediately livable and rich with possibility. What truly sets this offering apart is the upside. Conceptual plans have already been prepared for a significant expansion, including enhanced living spaces, a lock-off apartment, and a new detached garage with a one-bedroom residence above. Whether a buyer chooses to enjoy the property as it exists today or unlock its full potential over time, this is a chance to secure a substantial piece of Old Town Basalt in a location where opportunities to create additional value are increasingly rare.
Price Change History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Price Reduced from $3,200,000 to $3,100,000 | Change: ↓ $100,000 (3.13%) |
Features of 216 E Homestead Drive
| MLS® # | 193651 |
|---|---|
| Price | $3,100,000 |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 2,324 |
| Acres | 0.30 |
| Year Built | 1978 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Split Level |
| Status | Active |
Community Information
| Address | 216 E Homestead Drive |
|---|---|
| Major Area | Basalt |
| Area | 05-Basalt Proper |
| Subdivision | Townsite of Basalt |
| City | Basalt |
| County | Eagle |
| State | CO |
| Zip Code | 81621 |
Amenities
| # of Garages | 1 |
|---|
Interior
| Heating | Radiant, Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Fireplaces | 1 |
| Fireplaces | Wood Burning |
| Has Basement | No |
| Living Heated Sqft | 2,324 |
Exterior
| Lot Description | Landscaped |
|---|---|
| Construction | Wood Siding, Frame |
Additional Information
| Date Listed | July 2nd, 2026 |
|---|---|
| Zoning | Res |
| Short Sale | No |
| RE / Bank Owned | No |
| Data Source | AGSMLS |
| Year Remodeled | 2007 |
| Short Termable | No |
Subdivision Statistics
| Listings | Average Price | Average $/SF | Median $/SF | List/Sale price | |
|---|---|---|---|---|---|
| Active Listings 8 | Average Price $1,585,412 | Average $/SF $691 | Median $/SF $35 | Listing Price $3,100,000 |