Looking for a new ski holiday home? Want to rub shoulders with the 0.1%? An absolute gem just came on the market in Aspen’s most desirable location of Red Mountain, colloquially known as ‘Billionaire Mountain’, and is priced to sell at $16.9 million.
Real estate prices in Aspen have gone up 35% from last year with a median house price for a single-family house now at $13.2 million. The asking price of $16.9 million for Aspen’s most premier location is almost too good to be true. Aspen’s Red Mountain is the winter holiday home for famous billionaires like ‘bra-billionaire’ Lex Wexner, hedge fund mogul John Paulson, Amazon’s Jeff Bezos’ parents, and Hasso Plattner, CEO and founder of Europe’s largest software company, SAP.
The property was previously owned by Bruce Katz, the founder of Rockport Shoe Company and Samuel Hubbard Shoe Company, who passed away in June this year. Katz hailed from New England and was a third-generation shoe-maker. He was the first to use rubber soles and athletic shoe technology in casual and dress shoes. Katz resided in Marin County and the house in Aspen was his holiday home.
Built in 1974 with three separate entertaining areas and five en-suite bedrooms, the house is the ideal entertainer and is designed to allow for space for large groups or several families. The house has been maintained well and upgraded to include features like a projection system for movies. It comes fully furnished and you could move in straight away.
The estate is situated on 0.7 acres of prime real estate in a small cul-de-sac. It was built in 1974 built and covers 6,644 square feet of internal living space. The potential for this property is immense. The house has been well maintained and could easily be updated with a few cosmetic renovations.
This property ticks all the right boxes. Aside from its prime location, it boasts incredible views across the valley and mountains, yet provides privacy that is difficult to find in ski resort mountain homes. With an asking price of $16.9 million and the right interior designer, this property would make an incredible ski holiday home for the discerning buyer.
Mountain town real estate market economics at work. Cheers to all the NIMBY’s and environmentalists who helped to prevent new supply being brought to the market for every day mountain folk.