Industry News
Aspen’s latest real estate deal has smashed the record set last week with a deal that breaks through the $100 million barrier. Many properties had been listed with lofty price targets in the nine figures but none had ever reached that caliber — until now. On Monday, April 15, the sale of 419 Willoughby Way in Aspen, Colorado, at the foot of Red Mountain was announced by Aspen Title & Escrow for a record-breaking $108 million.
Just last week, a ranch was sold for $77 million setting a new record, but Monday’s deal surpasses that record by a cool $31 million. Records have been falling like aspen trees in Aspen; in September 2023 a deal worth $76 million broke the previous record of $72.5 million set in 2021. Interestingly enough, the two-year record holder from 2021 is the property in question that has now broken the latest record.
Retired Canadian ice hockey player Patrick Dovigi had purchased the mansion at Willoughby Way in June 2021 for $72.5 million, meaning the investment has yielded a return of almost 50% in less than three years. Previously, the property which is situated on a 4-acre block had traded for $43 million in 2009 and was originally built in 2006. The house features 11 bedrooms, 13 full bathrooms, 4 half bathrooms, a temperature-controlled wine room, a state-of-the-art home theater, an elevator, and multiple living areas spread out across 21,477 square feet of internal living.
The buyer of the property is Buddies Aspen LLC, a company registered in Colorado with residential address in Las Vegas. According to the Wall Street Journal, the company was founded by Stephen Wynn and Thomas Peterffy. Peterffy is the Hungarian-born founder of Interactive Brokers while Wynn is a Vegas-based real estate developer and former CEO of Mirage Resorts.
