A rare opportunity in the heart of Basalt — on the market for the first time in nearly 40 years! This charming mountain chalet sits on over an acre above Old Town, just a short stroll to downtown, with sweeping views of the Elk Mountains, Mount Sopris, and starry night skies. Lovingly updated by three generations of artists and craftsmen, the home features a vaulted great room with dramatic beams, brick floors, and wraparound windows framing the views. The open living and dining areas center around a wood-burning stove, while the updated kitchen offers cherry cabinetry, Corian countertops, and a full suite of new stainless appliances. Upstairs, bamboo floors run through three bedrooms, including a primary suite with mountain views, unique Utah-made lantern lighting, and a marble ensuite with heated floors and a rain shower. An additional new bathroom with soaking tub completes the level. Downstairs, a cozy lounge with another wood stove opens to a large studio space with ample storage, new flooring, and laundry area. A fourth bedroom and a beautifully remodeled bath with walk-in shower round out the lower level. The property includes evolving gardens that bloom from spring to late summer, a fenced yard with arbors, a whimsical historic Quonset hut, and a three-car garage with workshop space and ample storage for toys to compliment the Colorado lifestyle. Surrounded by forest and wildlife yet close to trails and town, this private mountain retreat offers character, history, and unmatched versatility — a true Basalt gem.