$17,500,000
 $93,944 est/mo Sourced by Back At You

378 Phoenix Way,Crested Butte, CO 81224

Crested Butte, CO 81224

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Description

Positioned within the ultra-exclusive Smith Hill Ranches, 378 Phoenix Way is a once-in-a-generation alpine estate offering more than 35 pristine acres of unmatched privacy, scale, and panoramic beauty just minutes from both downtown Crested Butte and Crested Butte Mountain Resort. As the only enclave with 35-acre parcels between Crested Butte and Mt. Crested Butte - and with just eight homesites in total - Smith Hill Ranches represents a level of rarity and exclusivity that can no longer be replicated. Set against a dramatic backdrop of the Slate River Valley and the breathtaking Oh-Be-Joyful Wilderness Area, the estate captures sweeping, unobstructed views of iconic peaks including Red Lady and Crested Butte Mountain. From sunrise over the valley to star-filled alpine nights, every aspect of the property is designed to immerse owners and guests in Colorado's extraordinary natural beauty while delivering the highest level of refined mountain living. Completed in 2010 and offered by the original owners, this remarkable legacy compound spans 11,417 square feet across a luxurious five-bedroom primary residence, an elegant three-bedroom guest house, a three-car garage, and a beautifully finished barn. Due to current Gunnison County building regulations limiting new construction to 7,500 square feet, the scale and presence of this estate are truly irreplaceable. Designed by acclaimed local architect Daniel Murphy, the residence blends timeless mountain architecture with exceptional craftsmanship. Hand-hewn timber framing, soaring walls of glass, American clay interior finishes, gas and wood-burning fireplaces, and custom ironwork by renowned blacksmith Ben Eaton create interiors that are both sophisticated and deeply connected to the surrounding landscape. Curated by I.D. Studio, the interiors feature bespoke furnishings, rare antique pieces, and a wine room finished with imported materials sourced from Italy. State-of-the-art Lutron lighting, audiovisual, and security systems were comprehensively updated in 2024 and 2025, while the main residence received a new standing seam metal roof in 2024. The grounds are equally extraordinary. Mature aspen groves, native wildflowers, irrigated landscaping, seasonal pond and a flowing stream water feature create an environment of serenity and natural elegance. Expansive heated patios and view decks invite year-round outdoor living, complete with multiple grilling areas, illuminated walkways, two firepits, and a private hot tub perfectly positioned for taking in Crested Butte's legendary dark skies and alpine sunsets. 378 Phoenix Way is more than a home - it is a rare and enduring mountain sanctuary designed for generations to gather, celebrate, and experience one of the most spectacular settings

Details

MLS #835330
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2008
Days On Site129
Listing Provided ByBluebird Real Estate, LLC | Charlie Farnan

Features

Bed(s)8
Bath(s) 10 Total
SQ Feet11,417
Garage3
BasementY
Story(s)1
ZoningResidential Single Family
Acreage35.05
Water FrontYes
Property ViewYes

Interior

Heating Yes / NoYes
HeatingFireplaces, Hot Water, Propane, Radiant Floor
Interior FeaturesAdditional Living Quarters, Wet Bar, Breakfast Bar, Ceiling Fans, Separate Formal Dining Room, Granite Counters, Hot Tub Spa, In Law Floorplan, Kitchen Island, Main Level Primary, Mud Room, Sound System, Vaulted Ceilings, Walk In Closets, Wired For Sound, Window Treatments, Air Filtration
Window FeaturesClad, Double Pane Windows, Storm Windows, Window Coverings
FurnishedPartially
AppliancesCooktop, Double Oven, Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Propane Water Heater, Range, Refrigerator, Water Purifier, Washer

Exterior

Exterior FeaturesGas Grill, Hot Tub Spa, Sprinkler Irrigation, Landscaping, Porch, Propane Tank Owned
RoofMetal
Security FeaturesSecurity System, Fire Sprinkler System
Construction MaterialsStone, Wood Siding, Wood Frame, Stick Built
Lot FeaturesBorders National Forest

Parking

Garage Yes / NoYes
Attached Garage Yes / NoYes
Parking FeaturesAttached, Garage, Garage Door Opener, Heated Garage

Utilities

UtilitiesCellular Phone Reception, Electricity Available, High Speed Internet Available, Propane, Phone Available

Other

List AorGunnison Crested Butte Association Of Realtors

Area Information

StateCO
CountyGunnison
CityCrested Butte
Zip Code81224
AreaCrested Butte Rural
Community NameSmith Hill Ranches
School DistrictCrested Butte Community K-12
Elementary SchoolCrested Butte Community K-12
High SchoolCrested Butte Community K-12
Listing VS Median (in Smith Hill Ranches)
Price:
$17,500,000
low | high
Med:
$17,500,000
50% of Average
sqft:
11,417
low | high
Med:
11,417
50% of Average
$ / sqft:
$1,533
low | high
Med:
$1,533
50% of Average
On site:
129
low | high
Med:
129
100% of Average
Sourced by Back At You

Market Activity 81224

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Learn More About This Property

StateCO
CountyGunnison
CityCrested Butte
Zip Code81224
AreaCrested Butte Rural
Community NameSmith Hill Ranches
School DistrictCrested Butte Community K-12
Elementary SchoolCrested Butte Community K-12
High SchoolCrested Butte Community K-12
Listing VS Median (in Smith Hill Ranches)
Price:
$17,500,000
low | high
Med:
$17,500,000
50% of Average
sqft:
11,417
low | high
Med:
11,417
50% of Average
$ / sqft:
$1,533
low | high
Med:
$1,533
50% of Average
On site:
129
low | high
Med:
129
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 8:51:49 PM PDT