Aspen Cheap -- $475,000 for 355 sq. ft Studio

So what's the least you can spend for full ownership of your Colorado dream hideaway in Aspen? Looks like some studios have shown price drops to below $500,000, including this one on the Original Curve of Main Street (in what's known as Aspen's "Core"). The online offering from Morris & Frywald shows a handsomely redecorated space including a full bed, although it is not clear whether that's the living room couch artfully made up or a separate piece of furniture within the 355 square feet.

Note to buyers: the MLS for places like Aspen and Vail is chock full of listings that seem to be going nowhere. Price drops, anyone?