Property listing for 397 Diamond A Ranch Rd, Carbondale, CO 81623
ActiveSingle Family Home

$5,250,000

397 Diamond A Ranch Rd, Carbondale, CO 81623

Diamond on the River — Private Pond, Water Right & Apartment

5 Bed · 6 Bath · 7,978 Sq Ft

Riverfront Aspen Glen estate with private pond and nearly 8,000 SF.

5

Beds

6

Baths

7,978

Sq Ft

2002

Built

1.61 acres

Lot

3-car attached

Garage

About 397 Diamond A Ranch Rd

A genuine rarity in the Roaring Fork Valley — this Aspen Glen estate fronts the Roaring Fork River and includes its own pond and deeded water right. Set on just over 1.6 acres, the residence spans roughly 7,978 square feet and delivers a thoughtful sequence of rooms for family living and entertaining. The voluminous main living room frames the river through floor-to-ceiling glazing and anchors the plan with a spectacular two‑story stone fireplace; adjacent seating and dining spaces flow into an open family kitchen that invites gatherings around the island bar. On the main level the enormous primary suite features a private sitting area and deck overlooking the water, providing a sweeping vantage for sunrise and evening river activity.

Practical luxury is found throughout: five ensuite bedrooms, a stately home office, a dedicated meditation and exercise room, and an upstairs/lower-level plan that offers privacy for guests. The lower level functions almost like a separate wing with its own family room, kitchenette, access to the patio and fire pit, and direct river access — perfect for multi-family living or for hosting friends. A separate apartment with private entrance increases flexibility for rental income, live-in staff or extended family.

Outside, the property’s river frontage, private pond and water right are the headline features that set this parcel apart from most valley offerings. A fly-fishing room and easy wader access let you step directly onto a stretch of Gold Medal water; bald eagles and abundant river wildlife are frequent visitors to the bank. Landscaping and multiple patios create outdoor rooms for dining, evening fires and quiet contemplation of Mt. Sopris across the valley.

Aspen Glen residents may opt into the private club and enjoy a Jack Nicklaus-designed course, fitness center, pool and pickleball — membership is optional. Downtown Carbondale and the Willits retail district (including Whole Foods) are a short drive for everyday needs, while Aspen/Snowmass world-class skiing and two regional airports are approximately a 45-minute drive. This property is offered at $5,250,000 — a rare riverfront opportunity combining scale, privacy and true water assets.

Home Highlights

Private pond + deeded water rightRoaring Fork River frontage (Gold Medal water)Separate apartment with private entranceMain-level primary suite with river deckAspen Glen club access (optional)

Property Features

Interior Features

  • Approximately 7,978 SF of finished living space
  • Five ensuite bedrooms and six baths
  • Main-level primary suite with private sitting area and deck
  • Voluminous living room with floor-to-ceiling windows and two-story stone fireplace
  • Separate apartment with private entrance
  • Meditation & exercise room, stately office
  • Lower-level family room and kitchenette; fly-fishing room

Exterior & Lot

  • Approximately 1.61-acre lot
  • Direct Roaring Fork River frontage
  • Private pond and deeded water right (per seller highlights)
  • Multiple patios, fire pit and outdoor entertaining zones
  • Three-car attached garage; long driveway and guest parking

Location & Neighborhood

  • Located in Aspen Glen, a sought-after Mid-Valley development
  • Optional access to Jack Nicklaus-designed golf course, pool, fitness and pickleball
  • Short drive to downtown Carbondale, Willits and regional services
  • ~45 minutes to Aspen/Snowmass ski areas and regional airports

Walkability & Recreation

  • Walkability Rating: 28/100
  • Recreation Score: 94/100
  • Immediate access to fly-fishing, walking trails, golf and mountain recreation

Neighborhood & Location

Aspen Glen sits in the Mid-Valley of the Roaring Fork Valley — a mix of gated/private communities, golf course development and open riparian corridors. The area attracts buyers seeking mountain lifestyle with lower valley access to restaurants, independent shops and outdoor recreation. Carbondale offers a strong local arts scene, farmers markets and convenient services while Aspen and Snowmass remain within easy driving distance for seasonal recreation.

Market Insights

True riverfront parcels in the Roaring Fork Valley trade in a distinct sub-market from standard single-family inventory. Supply is extremely limited and demand remains steady among high-net-worth buyers seeking fishing access, mountain recreation and privacy. Median local sale prices for mid-valley homes are materially lower than this listing, but true riverfront estates with water rights command premiums. Expect a selective buyer pool, seasonal variability in showings, and marketing time measured in weeks to a few months depending on price alignment and contract conditions. Sellers should emphasize documented water rights and riparian access; buyers should be prepared for due diligence on water and environmental restrictions.

Nearby Schools

Sopris Elementary School

Elementary · 4-6 mi

7/10

Roaring Fork Middle School

Middle · 4-8 mi

6/10

Roaring Fork High School

High · 5-10 mi

7/10

Walkability & Recreation

28
Walkability
94
Recreation

Exceptional immediate access to fly-fishing, riverside trails and Aspen Glen club amenities; outdoor recreation is a primary asset of the property.

Investment Highlights

  • Direct Roaring Fork River frontage plus a private pond and a deeded water right — extremely scarce features.
  • Nearly 8,000 SF with 5 ensuite bedrooms and a separate apartment with private entrance for rental or guest use.
  • Aspen Glen community access to golf, fitness, pickleball and pool (membership optional).
  • Main-level primary suite and multiple entertainment areas including a fly-fishing room and two-story fireplace.
  • Approximately 1.61-acre lot providing privacy and protected riparian corridor.

Key Findings

  • List price: $5,250,000. AVM: approx. $5.297M.
  • Building size: 7,978 SF; Lot: 70,306 SF (~1.61 acres).
  • Bedrooms: 5; Bathrooms: 6; Year built: 2002.
  • Unique assets: private pond and water right, river frontage, separate apartment.
  • Located in Aspen Glen — optional club amenities nearby; approximately 45 minutes to Aspen/Snowmass.

Things to Consider

  • Verify deeded water right and any restrictions; water rights can materially affect value and use.
  • Riverfront properties may be subject to riparian setbacks and environmental restrictions; confirm allowable improvements.
  • Utility and septic/sewer details are not provided — confirm capacity and maintenance responsibilities.

Opportunity Analysis

Acquire a highly scarce riverfront estate in the Roaring Fork Valley that combines lifestyle value (fishing, golf, mountain access) with defensive scarcity via deeded water and private pond. Use as primary or second home with rental upside through the separate apartment and high-end seasonal rentals (subject to local rules).

Potential Use Scenarios

  • Confirm water rights and obtain a riparian/setback survey prior to offers.
  • If purchasing as investment, structure offers contingent on acceptance of a rental plan and HOA/club rules.
  • Consider cosmetic updates targeting luxury buyers (kitchen, primary bath updates) to justify top-of-market pricing if necessary.

Risk Factors

  • Environmental/regulatory restrictions related to riverfront locations.
  • Seasonality of the mountain luxury market may extend marketing time.
  • Potential unknown capital expenditures for systems (roof, HVAC, septic) given 2002 construction date.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$4950K

Midpoint

$5275K

High

$5600K

$658/SF estimated price per square foot

65% confidence

Estimate anchored to the list price ($5,250,000) and AVM (approx. $5.30M) with adjustments for riverfront, private pond and water right, separate apartment and nearly 8,000 SF. No live MLS comp pull available; range reflects local luxury riverfront variance in the Roaring Fork Valley.

As of 2026-03-13

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$1,200,000
Avg Days on Market60 days
Inventory4 months
1-Year Appreciation+300.0%

Demographics

Median Income (1 mi)$95,000

Roaring Fork Valley has experienced steady demand for second homes and lifestyle properties; supply of true riverfront parcels is extremely limited which supports premium pricing.

Nearby Points of Interest

  • Aspen Glen Club (Jack Nicklaus-designed golf) (0.5-2 mi)
  • Downtown Carbondale (4-6 mi)

Private river frontage and pond on the Roaring Fork River; community club with golf, fitness, pool and pickleball nearby. Carbondale and Willits retail/Whole Foods within short drive; Aspen/Snowmass skiing ~45 minutes.

School District

DistrictRoaring Fork School District RE-1
ElementarySopris Elementary (approx. rating 7/10)
MiddleRoaring Fork Middle School (approx. rating 6/10)
HighRoaring Fork High School (approx. rating 7/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2002
Constructionwood frame with stone accents (probable)
Stories2
Basementpartial/finished
FireplaceYes
Conditiongood

Lot & Site

Lot Size1.613 acres (70,306 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces6
FrontageDirect frontage on a private stretch of the Roaring Fork River; includes a private pond and deeded water right (per listing highlights).

Utilities

Zoning & Land Use

DescriptionLikely residential single-family zoning with allowances for accessory dwelling units/apartments within Aspen Glen community; water rights and riverfront setbacks apply.
JurisdictionGarfield County / Aspen Glen HOA (development)

Allowed Uses

single family residentialaccessory apartment/guest unit (existing separate apartment)recreational and residential accessory uses
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

1996-11-29$490,000
2026-03-08$5,250,000

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