A record-breaking townhouse on the banks of the Roaring Fork River in Basalt, CO, has sold for $4,895,000.
At $1,973 per square foot, the transaction marks the highest price per foot ever paid for a townhouse in the midvalley Basalt area, according to Plus Real Estate, the group that handled the sale.
It’s also the fourth-highest residence to be sold in the mountain town, beating out a number of single-family homes.
The per square foot price of this sale is nearly 45% higher than the median for Basalt, which, according to Realtor.com® data from October 2026, was $1,361.
As one of only a few properties available on the water in Basalt River Park, it’s no surprise that the home was highly desired.
“It really comes down to scarcity,” Walker Moriarty of Plus Real Estate tells Realtor.com.
“This is one of only five new townhomes on the river in Basalt, and new riverfront construction almost never comes up for sale in this area,” the listing agent, who handled the sale, continues. “Add the views, proximity to downtown restaurants, the private elevator, and a true lock-and-leave setup. The buyers recognized it as a one-of-a-kind opportunity.”
The home was built in 2022 and offers a tough-to-find combination of privacy, views, and walkability right in downtown Basalt. In recent years, the destination has attracted buyers who want an Aspen lifestyle at a slightly more affordable price.
“Buyers who once only looked in Aspen are discovering what the midvalley offers,” adds Tatiana Moriarty, also of Plus Real Estate. “The same mountain lifestyle, world-class fly fishing and trails, and a downtown that’s having its own revival.
“This sale shows that buyers will pay a premium for quality and location here and that Basalt has become a destination in its own right,” she says.
The townhouse spans three levels and includes three bedrooms, four bedrooms, and a flexible space that can be used as an office or gym—a priceless feature for residents who are balancing a remote or hybrid work schedule.
It certainly offers a luxurious atmosphere, with a private elevator and floor-to-ceiling windows boasting breathtaking views of the river and mountains.
“The residence features an open-concept living space with elevated, contemporary finishes and a seamless flow for both everyday living and entertaining,” the listing explained.
The light-flooded living room is neatly situated in the corner of the unit and has a sleek fireplace to keep residents cozy during the coldest winter months. The space also includes built-in shelving with recessed lighting.
A generously sized kitchen offers plenty of cabinet space, as well as some open shelving by a window that keeps the vibes airy. A kitchen island anchors the room and offers a casual space to dine, while a formal dining space is accompanied by a bar and a wine refrigerator just steps away.
The main living floor also has a powder room and a utility space, with a stacked washer and dryer, storage, and a sink.
Upstairs, the sprawling primary suite has an en suite bathroom with a double vanity, and a soaking tub positioned in the corner between two windows offers striking views of the outdoors. The sizable walk-in closet has plenty of storage solutions, as well as a window that makes it feel like a room of its own. A private terrace with a hot tub solidifies the suite as a full-fledged escape from reality.
The top level also has an additional en suite bedroom, with its own walk-in closet and full bathroom.
The ground level contains the main entrance of the home, which is accompanied by a thoughtfully designed mud room space. There’s also the flexible office or gym room, an additional en suite bedroom, and access to the garage.
Outside, a dining deck overlooks the park, which has a weekly summer concert series. The free event has hosted a series of local bands across genres, and encourages attendees to bring their own picnics for a night of fun.
A two-car garage is another perk for those interested in mountain living and value indoor parking and ski storage.
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