Ultimate Old World Style with All-New Modern Conveniences

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Elk Run Subdivision

As a result of the Auction Marketing Efforts of AJ Karas Auctioneers and Chaffin Light Real Estate the seller has accepted a pre-auction offer. Congratulations to both buyer and seller!!  Thank you for all the inquires.  We have enjoyed working with the  Basalt and surrounding area Broker Community and are looking forward to having many more successful auctions in that area. 

804 Kestrel Court * Basalt, CO

Just minutes from Aspen Colorado...

The Ultimate Marriage of Old World Style with

All-New Modern Conveniences


Imagine coming home to this elegant 21st Century Versailles style mountain retreat, which is nestled among the tall pines on a quiet cul-de-sac in the most desirable location in Elk Run. This 4 bedroom, 3 bathroom house sits on a private lot that backs up to a historic tree farm, with Basalt Mountain views and the Roaring Fork Valley.


It has been completely remodeled from the inside out with luxurious upgrades such as antique Douglas Fir flooring and welded wrought-iron railings, pickets & gates throughout it’s generous living space.

The color, painting and design scheme are by renowned award-winning Tezal Design of Basalt, and the designer’s touch is evident throughout the home in details such as antique lighting and brass fixtures, brick archways and 1930’s brick reclaimed from a Colorado Winery. The spacious master bedroom features 1840’s antique, solid teak closet doors from India. All closets have extensive bit-in shelf features for efficient storage.


Everything is brand new- plumbing supply lines, sinks, toilets and faucets. The house has a new Carrier HVAC system, and a $75,000 package of new lights, electric and wiring, with abundant interior accent lights that create a delightful, warm ambiance. There are also brand new Sierra Pacific doors, windows, transom lights and skylights.


The new stucco exterior increases energy-efficient R-Values, and you’ll save even more on utilities with an energy saving hot water circulation system. The fabulous designer kitchen is appointed with new Thermador and Sub-Zero appliances, and a brand new six-burner Jenn-Air range. It adjoins a spacious, open great room, an ideal setup to entertain family and friends. The walk out basement, with a spacious tiled family room and a 4th bedroom, is a perfect place for guest quarters.


You’ll enjoy the Colorado indoor-outdoor living at it’s finest on 1,500 sq. ft. of exterior of decks with fabulous views. There is an underground privacy patio with snowmelt system, wrought iron railings and raised, irrigated flowerbeds built from block, concrete and stucco.


This home is truly one of a kind, with exceptional privacy and inspiring mountain views, yet close proximity to everything. With all of this, and it’s drastically reduced price, it is truly the most incredible value in Basalt!





ARCHITECTURAL STYLE: Two story contemporary French Cottage style


CONSTRUCTION: Frame/stucco with finished walk out basement


HOA FEATURES: Cul-de-Sac, trees, views, pets allowed,


HOA DUES: $85. monthly


TAXES: $3,901.00


YEAR BUILT: 1989, remodeled in 2008


SQ FOOTAGE: 3,187 sq. ft. Living space


LOT SIZE: 7,987 sq. ft.


ZONING: Residential



4 bd, 3 bath, 2 car heated garage, 1500 sq. ft. of exterior decking and wood burning fireplace with gas option, panoramic views, trees, Sundance Optima hot tub/spa, new kitchen with stainless Thermador, Jenn-Air and Sub-Zero appliances, Underground privacy patio with snowmelt system, wrought iron railings and raised, irrigated flowerbeds. Energy saving hot water circulation system, laundry room, forced air, gas, city water.



AREA: Elk Run subdivision, backs up to tree farm, panoramic mountain

and valley views



- Range

- Dishwasher

- Microwave

- Refrigerator



-          Cable TV

-          Fence

-          Hot Tub/Spa

-          Landscaping

-          Lawn Sprinklers

-          Patio/Deck


Builder’s Notes


Color, painting and design scheme by renowned TeZal Design of Basalt


New plumbing supply lines, sinks, toilets, faucets and double HWH system


New electric - $75,000 lighting package includes 34 exterior lights, extensive basement lights, numerous interior accent lights, all new wiring and new 200 amp service.


New Carrier HVAC system with six individual return vents for maximum air circulation


All new Sierra Pacific doors, windows, transoms and skylights


Thermadore double ovens, Sub Zero refrigerator, new six-burner JennAir range with gas option and new GE profile dishwasher, Kitchen-Aid trash compactor and Sharp under counter microwave oven. 


200 LF of raised, exterior, fully-landscaped flowerbeds built from block, concrete and stucco-finish, each with individual irrigation branches


150 LF of exterior lighted (34 individual lights) pathways with commercial-grade steel edging, 3/8” decorator gravel, mulch and four grass areas, maximizing maintenance ease ($70/mth for 6 months)


400 SF private underground patio with high-efficient, automatic, timed cut-off snowmelt system (year-round use), 12’ solid-tube steel balcony and steps system, antique wood treads, water fountain and zebra yellow sandstone


1,000 SF rear deck with rock-scribing and extended living space, facing tree farm and mountains.


Sundance Spa Optima, 1,200 lb, $10,000 hot-tub


Rough-in plumbing for basement wet bar built-in system


80 LF of custom welded wrought-iron railings, pickets and gates, inside and outside home.


2,000 SF of antique Douglas Fir flooring from 19th Century Detroit warehouse


Six brick archways and 100 SF of antique, 1930’s Colorado kilned brick, reclaimed from a Colorado winery


1840’s antique, ($2,500) solid teak master bedroom closet doors from India


1940s antique 3-canopy light on Great Room brick wall


Antique brass closet hooks


All closets with extensive built-in shelf features


Walk-through, built-in convenient storage closet with cubbies for entry organization


Two-car heated garage and three-car street parking outside


Reclaimed paver bricks used for sidewalk paralleling street


Energy saving hot water circulation “CIRC” system


Wood-burning fireplace with gas option


Gas options for fireplace, range and two (2) outdoor grills


Ultra-modern “shoeless-molding” interior construction


Home fortified with engineered steel basement beams and posts to accommodate extra weight


Home entirely carpet-free except for 14x16 bedroom in basement


800 SF of custom, tiled basement entertainment room, ready for pool and ping-pong tables.


Walkout basement egress into custom underground patio


Only one of eight Elk Run homes that back-up to tree farm


Home located on quiet cul-de-sac with three other homes valued well-above $1,000,000


Home gutted, cleaned and painted prior to insulation to maximize dust and mold-free hygienist condition


All new insulation with new vapor barriers


New stucco exterior assisting in increased energy efficiency and R-values


All exterior walls modern code 2x6 construction


Four, custom, 4x12 exterior fir wood archways from reclaimed beams



Bidder's Property Information Packets are available to Prestige Auction Community members.

Property Information Packages provide detailed and legal descriptions of the property along with other information vital to the bidding process.

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Property Information Packet Contents

General Auction Information
Property Specific Information
Title & Disclosure Information
Mandatory Auction Forms
Builder's Notes & Details
Title Amendment

Call this number to receive your property information pack: 877-612-8494

Auction type:
Absolute Auction - Selling Regardless of Price



Bidders Registration: All prospective buyers must register to bid. A $20,000.00 cashier’s check or certified check payable to AJ Karas Auctioneers, LLC will be required to bid at the auction. A 10% buyer’s premium will be added to final bid and included in total contract price, a 10% non-refundable down payment will be due immediately after being declared the buyer. This amount will be applied to the purchase price and will be deposited in the brokers escrow account. The $20,000.00 cashier’s check will be immediately returned in the event the bidder is unsuccessful.


Online & Phone Bidding: Online & phone bidding registration must be completed 48 hours prior to the auction.  All terms will apply as if you were participating at the auction in person.


Closing: The balance is due in cash or new loan at closing within 30 days. A General Warranty Deed will be supplied by the seller at the sellers expense giving marketable title subject to restrictions of record. Taxes & Home Owners Association fees are pro-rated. Title insurance will be at the buyer’s expense.


Bidder Information Package: A Package of information has been assembled for this property and includes: a preliminary title report, area information and a seller’s property disclosure.


Property Inspection: Preview of the property is essential. Property will be sold “as is, where is,” Property will be sold subject to easements, restrictions, zoning and other matters of record.


Conduct of Auction: Conduct of auction and bidding increments are at the discretion of AJ Karas Auctioneers, LLC. AJ Karas Auctioneers, LLC reserves the right to deny any person admittance to the auction.


Broker Participation Invited: A 3% Broker CO-OP is being offered to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established AJ Karas Auctioneers, LLC guidelines.  Contact our office for more information 877-612-8494.


All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. AJ Karas Auctioneers, LLC  is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.