Industry News
Sotheby’s just listed a stunning property in Aspen, CO, for the eye-watering asking price of $105 million. It is not the first property listed above the emblematic figure of $100 million but it would be the first to ever trade there if it did sell for nine figures. The current price record for real estate in Aspen sits at $72.5 million set in 2021 for a 21,477 sq. ft. home purchased by Canadian Patrick Dovigi, founder and CEO of GFL Environmental. In May this year a property listed for $100 million in Q3 2022 sold for $65 million, 35% less than the asking price.
Aspen Snowmass has long been known as the playground of the ultra-wealthy and A-list celebrities. Not surprisingly, real estate market matches that reputation, and the average sales price of a single-family home in Aspen currently sits at $14.5 million, down -22% from its peak in late 2022 but still more than double the average of 2019.
During the pandemic, prices in Aspen more than doubled as many well-healed urbanites flocked to the serene mountains, driving up property prices. Remote working enabled a unique new lifestyle, leading to people relocating to Aspen rather than simply adding a ski holiday home to their property portfolio.
Technically, this property consists of two houses, a main house with an asking price of $72 million and a caretaker’s house listed for $33 million. The two houses offer a combined living space of 18,400 sq. ft on an impressive 8.4 acres of land. The property is situated in an absolutely idyllic location nestled among the trees and right next to the Roaring Fork River.
From the double heighted ceiling in the living room, you can take in the magical view across the valley. The houses were built in 2013 and feature everything your heart desires. The main house is spread across two levels, with a grand entrance and a sweeping staircase. There is a master bedroom with his and her bathrooms as well as four generously sized guest rooms with ensuites.
The house has a chef’s kitchen and butler’s pantry with walk-in wine room, exquisite formal dining room, media room, oversized three car garage, and overflow parking area for guests and entertaining.
The guest house is connected with a private foot bridge to the main house and offers another two bedroom suites, several comfortable living spaces, a kitchen and large deck. Seperate to the guest area is a caretaker’s unit with a bedroom and full kitchen.
