A gem in the heart of Basalt, located only steps from the river, as well as a quick stroll to all the restaurants and shops downtown. This spacious residence with a thoughtful layout is filled with historic character. Originally owned by the Arbaney family in the 1950's, the original structure was built with local Peach Blow sandstone and completely renovated in 1999 into a modern, functional home for living and entertaining. The outdoor setting is beautiful and serene, highlighted by extensive gardens, a large wraparound porch, dining terrace and private hot tub. All of the primary living spaces are on the main entry floor, with an open family and dining room, separate home office library, high quality kitchen and a breakfast sunroom with beautiful views. Three comfortable bedrooms provide relaxation and privacy. Upstairs are two large bedroom suites, and the lower level includes a media room/den, laundry room, and a large bedroom. On a quiet street, yet close to the action, this desirable location is adjacent to the Frying Pan River, and positioned at the gateway to the Frying Pan Valley with amazing access to biking, fly fishing, camping and recreation at Ruedi Reservoir. Two car garage and ample storage for all of the gear that comes with living so close to it all.