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Is a Fractional Real Estate Purchase in Aspen For You?

Posted: 13 Jul 2016

Aspen has a number of amazing luxury fractional residences from which to choose. Luxury brands such as the Hyatt Grand and the St. Regis Residence Club are located in downtown Aspen, only steps from the town's rich culture, skiing and nightlife. The Ritz-Carlton Club at Aspen Highlands offers true ski-in, ski-out lodging at the base of "the local's favorite," Aspen Highlands. Currently, there are a number of prime weeks available for purchase at each resort. This week, our blog team finds out if there is a fractional real estate purchase in Aspen for you, and what you need to know before you buy. We'll showcase the top resorts in town, highlight the current listings, and give you a few tips along the way.

Aspen real estate

Located in downtown Aspen, the Hyatt Grand Aspen is only block from the Silver Queen Gondola and Aspen Mountain, and offers 50 luxury condominiums ranging from studios to 4-bedrooms. Owners at the Hyatt enjoy large floor plans and top-of-the-line kitchens with Viking appliances. The living area and bedrooms are defined by rich leather, fine wood detailing and plush linens. Hyatt amenities include a Members' Lounge, high-vitality fitness room, heated pool and hot tub, personalized service and the unending attention to detail that the resort is known for worldwide. Right outside your door is everything Aspen has to offer: skiing, nightlife, fine-dining, shopping, art and more.

CURRENT LISTING for Winter:Enjoy Christmas and New Year's weeks (Weeks 51 and 52 of the year; and 53 when it occurs) in a top floor 2-bedroom, 2-bath, penthouse unit at the Hyatt for $565,000 (MLS #140537). Spread out over 1,719 square feet of Aspen's finest real estate. This year's dates are Dec. 18, 2016-Jan. 8, 2017, plus points for additional days per year. Purchase includes trading privileges at other Hyatt Residence and Vacation Clubs.

CURRENT LISTING for Summer: Spend three prime weeks in a row during the summer in this 1,312-square-foot, 2-bedroom, 2-bath luxury residence on the second floor that looks right at town for $375,000 (MLS #138109). It features multiple balconies and a lock-off bedroom. This year's dates include Weeks 28-30 (July 10-31, 2016). All three weeks are available for purchase individually or together. Purchase includes trading privileges at other Hyatt Residence and Vacation Clubs.

Other Hyatt Grand Aspen offerings starting at $95,000.

The St. Regis Residence Club is only two blocks from Gondola Plaza and Aspen Mountain offers a number of 2- and 3-bedroom luxury residences. Condominiums at the St. Regis include stone fireplaces in the living room and master bedroom; and whirlpool tubs and steam showers. The St. Regis also offers full concierge service, on-demand complimentary transportation, a heated pool and the popular Remede Spa.

CURRENT LISTING for Winter: 2-bedroom, 2-bath premier interest "B" gets you third pick of weeks in 2016-17, second pick in 2017-18, and first pick in 2018-19 for $249,000 (MLS #141517). Get three great ski weeks each year, plus a mid-season week. This year's dates were Jan. 2-9 (two units) and Jan. 9-16. Purchase includes trading privileges at other resorts within the Starwood system.

CURRENT LISTING for Summer: This 1,537-square-foot, 2-bedroom, 2-bath luxury condominium summer premier interest "K" gets out third pick of weeks in 2016-17, second pick in 2017-18, and first pick in 2018-19 for $199,000 (MLS #142933), Get three summer weeks each year, plus a mid-season week. Dates for 2016 are April 30-May 7, June 11-18 and Aug. 6-20. Purchase includes trading privileges at other resorts within the Starwood system.

Looking for something different? The Ritz-Carlton Club at Aspen Highlands provides immediate ski-in, ski-out access to Highlands as well as the famous Highlands Bowl. Highlands is a great place to ski because the crowds are usually not as heavy, and there's plenty of challenging terrain. Did we mention the Bowl? The Ritz has all the top-shelf amenities you would expect from this worldwide luxury brand, and also provides on-demand service to and from downtown Aspen. Highlands is located about 6 miles outside downtown Aspen, but during the winter months Highlands Village is itself bustling with plenty of excitement and things to do!

CURRENT LISTING for Winter: Go big or go home at Highlands. This 3-bedroom, 3-bath luxury Residence 8207 is the most desirable unit in the building. This oversized octagonal end-unit has a wraparound balcony and looks right at the slopes and Highlands Village for $95,000 (MLS #142333). Summer interest #7 gets you a pair of consecutive summer weeks each year, one ski week, and one floater week. Upcoming dates are June 25-July 9, 2016, and Jan. 28-Feb. 4, 2017, and July 8-22, 2017. Purchase includes trading privileges with St. Thomas, Vail, Lake Tahoe and San Francisco.

Other Ritz-Carlton Club opportunities from $32,5000-$150,000.