Premier Frying Pan Riverfront log home just minutes from the charm and culture of Old Town Basalt. This beautifully updated 3-bedroom, 2.5-bath residence is ideally situated at the end of a private cul-de-sac within the exclusive Peachblow subdivision, consisting of 43+ acres shared by only 13 homes.
Enjoy direct river frontage and access to approximately one mile of semi-private, Gold Medal fishing waters. Thoughtfully upgraded with quality finishes, the home blends classic log construction with modern comfort, creating a warm and refined mountain retreat.
Expansive patio spaces invite effortless indoor-outdoor living, ideal for al fresco dining, entertaining, or simply taking in the sights and sounds of the Frying Pan River. A dedicated outdoor fire pit provides the perfect gathering place for family and friends--offering a year-round setting for memorable evenings under the Colorado sky.
Whether envisioned as a serene weekend escape or a full-time residence, this is a rare opportunity to own a legacy property in one of the Roaring Fork Valley's most treasured riverfront settings.
For sale
$3,950,000
397 Oak Rd, Basalt, CO 81621
3beds
2,496sqft
Est.:
Single Family Residence
Built in 1990
8,712 Square Feet Lot
$3,781,700 Zestimate®
$1,583/sqft
$54/mo HOA
What's special
Direct river frontageExpansive patio spacesDedicated outdoor fire pitEffortless indoor-outdoor living
- 14 days |
- 851 |
- 31 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 30, 2026 at 07:05pm
Listed by:
Stephanie Williams (970)927-8080,
Aspen Snowmass Sotheby's International Realty-Basalt,
Ted Borchelt 970-309-3626,
Aspen Snowmass Sotheby's International Realty-Basalt
Source: AGSMLS,MLS#: 192129
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Inside
Features
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 2,496
- Total interior livable area: 2,496 sqft
- Finished area above ground: 2,496
Property
Parking
- Parking features: None
Lot
- Size: 8,712 Square Feet
- Features: Cul-De-Sac, Landscaped
Details
- Parcel number: 246909102003
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Log Siding, Log
- Roof: Metal
Condition
- Excellent
- New construction: No
- Year built: 1990
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available, Propane
Community & HOA
Community
- Subdivision: Peachblow
HOA
- Has HOA: Yes
- Services included: Management, Water
- HOA fee: $650 annually
Location
- Region: Basalt
Financial & listing details
- Price per square foot: $1,583/sqft
- Tax assessed value: $2,664,770
- Annual tax amount: $14,452
- Date on market: 3/25/2026
- Listing terms: New Loan,Cash
- Inclusions: Ceiling Fan, Dryer, Refrigerator, Stove Top, Microwave, Dishwasher
Estimated market value
$3,781,700
$3.59M - $3.97M
$7,477/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Listed for sale | $3,950,000+172.4%$1,583/sqft |
Source: AGSMLS #192129 Report a problem | ||
| 12/20/2011 | Sold | $1,450,000-9.4%$581/sqft |
Source: Public Record Report a problem | ||
| 10/29/2011 | Price change | $1,600,000-13.5%$641/sqft |
Source: Chaffin Light Real Estate #120695 Report a problem | ||
| 8/3/2011 | Price change | $1,850,000-17.7%$741/sqft |
Source: Chaffin Light Real Estate #120695 Report a problem | ||
| 4/28/2011 | Listed for sale | $2,249,000+32.3%$901/sqft |
Source: Chaffin Light Real Estate #120695 Report a problem | ||
| 9/16/2010 | Sold | $1,700,000-15%$681/sqft |
Source: Public Record Report a problem | ||
| 8/23/2009 | Listed for sale | $1,999,000$801/sqft |
Source: Chaffin Light Real Estate - Snowmass #109624 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,710 +61% | $178,540 -2.4% |
| 2023 | $8,514 -2.7% | $182,980 +72.7% |
| 2022 | $8,750 | $105,930 -2.8% |
| 2021 | -- | $108,980 -11.7% |
| 2020 | $9,442 -0.9% | $123,450 |
| 2019 | $9,532 | $123,450 +8.4% |
| 2018 | $9,532 +7.4% | $113,860 |
| 2017 | $8,875 +5.6% | $113,860 -9.4% |
| 2016 | $8,403 -11% | $125,740 |
| 2015 | $9,445 +22.4% | $125,740 +16.3% |
| 2014 | $7,718 | $108,150 +3.6% |
| 2013 | -- | $104,420 +7.6% |
| 2012 | -- | $97,050 |
| 2011 | -- | $97,050 -32.6% |
| 2010 | -- | $144,030 |
| 2009 | -- | $144,030 +34.8% |
| 2008 | -- | $106,860 |
| 2007 | -- | $106,860 +26.9% |
| 2006 | -- | $84,180 +61.9% |
| 2005 | -- | $52,010 +12.4% |
| 2004 | -- | $46,290 -1% |
| 2003 | -- | $46,760 -6.9% |
| 2002 | -- | $50,210 +0% |
| 2001 | -- | $50,200 |
Find assessor info on the county website
Monthly payment
Est. payment
$20,787/mo
Principal & interest
$19383
Property taxes
$1350
HOA Fees
$54
More affordability tools
Climate risks
Neighborhood: 81621
Nearby schools
GreatSchools rating
- 4/10Basalt Middle SchoolGrades: 5-8Distance: 7.7 mi
- 6/10Basalt High SchoolGrades: 9-12Distance: 8.3 mi
- 7/10Basalt Elementary SchoolGrades: PK-4Distance: 7.8 mi
Local experts in 81621
- Colorado
- Eagle County
- Basalt
- 81621
- 397 Oak Rd



