Aspen Mansion Sells for $69M (2024)

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What is the most expensive home sale in Aspen? ›

$108 million Aspen house sets record for most expensive in Colorado.

An Aspen mansion closed for $108 million on Monday, making the sale of 419 Willoughby Way the highest price residential sale ever in Aspen and the state of Colorado.

“The remarkable growth in transactions for residences valued at $30 million and more in Aspen is a result of limited inventory and stringent building constraints, fueling a resilient luxury real estate sector,” Heather Sinclair of The Agency said in an email.

The billionaire impact is real in Aspen. 120-125 Billionaires are property owners in Aspen, Colorado. Per a 2023 report, New York City has the highest concentration of billionaires in the United States at 101 billionaires living in the city.

Red Mountain in Aspen, Colorado, is home to some of the ski town's most sought-after real estate. The neighborhood attracts so many ultra-rich residents that it's been dubbed "Billionaire Mountain." After touring two homes, I understood why the mountain earned the nickname.

Later that month, Kyle explained why her family had decided to sell their beloved Colorado house. “Our family is growing [and] we simply need more space,” she explained in an Instagram Story, adding that she is “never leaving Aspen.”

The Ranch at Owl Creek features 60 landscaped acres, views of all four of Aspen's ski resorts and a closing price of a cool $77 million, the Wall Street Journal first reported.

Justin and Hailey Bieber, Nina Dobrev, and Shaun White have also been spotted hitting the slopes on skis or snowboards. Some celebrities, like Kurt Russel, Goldie Hawn, and Kevin Costner have made Aspen their permanent homes by buying luxury properties.

"A place like Aspen is unique because it's difficult to get to and private air is important in order to get to it, so when you talk about luxury ultra-high net worth individuals, celebrities of the like – it's nice to go to a place that is not that easy to get to and there's the great allure about that," said Umansky.

In 2023, the ski outlet SnowBrains named Aspen the most expensive ski town in the US. Each winter, celebrities flock to the town to show off designer ski gear on the town's snowy slopes. I joined them in December 2021 and gained a taste of the town's lavish lifestyle.

How much does the average Aspen house cost? ›

The median listing home price in Aspen, CO was $1.8M in April 2024, trending down -38% year-over-year. The median listing home price per square foot was $2.4K. The median home sold price was $3.4M.

The buyers, billionaires Steve Wynn, a real estate developer and art collector, and Thomas Peterffy, a financier and founder of Interactive Brokers, bought the home together. The deal just closed, Robb Report shares, with the pair paying $108 million for the residence.

The current U.S. home sale record was set in 2019, when Citadel's Ken Griffin bought a penthouse on Billionaires' Row in Manhattan for about $240 million. A Los Angeles estate known as Casa Encantada was listed last year for $250 million; it is currently priced at $195 million.

Justin and Hailey Bieber, Nina Dobrev, and Shaun White have also been spotted hitting the slopes on skis or snowboards. Some celebrities, like Kurt Russel, Goldie Hawn, and Kevin Costner have made Aspen their permanent homes by buying luxury properties.

The median listing home price in Aspen, CO was $1.8M in April 2024, trending down -38% year-over-year. The median listing home price per square foot was $2.4K. The median home sold price was $3.4M.