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Aspen, Colorado Real Estate: Sold for $43,000,000 - A Private Red Mountain Residence Breaks Real Estate Records
A gloomy global economy has not deterred the purchase of a residence at the base of Red Mountain in Aspen, Colorado for a staggering $43,000,000.
Aspen-based real estate broker Jen Engel announced the closing of the purchase on Monday, July 13th via a press release and blog post. The sale was arranged and coordinated by Christie's Great Estates affiliate Joshua & Co. The 21,477 square foot estate is located on a 4.5 slender acres at 421 Willoughby Way on Red Mountain.
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* Which school offers the best opportunities for my children?
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* Which resort has the best access to the slopes?
It's that time of year again in our fabled mountain town. As the summer sun begins to wane and cast autumn's long, golden mountain shadows, the local high country black bruins are in a calorie-cramming feeding frenzy.
In addition to the Aspen Times, the Aspen Daily News, and a variety of Denver television stations, the bears have received considerable press in the Wall Street Journal and the Pique Newsmagazine of Whistler, Canada. Even the BBC has a great series of pictures showing a bear climbing out of the skateboard park in Snowmass.
The ballots for Aspen’s election have been cast, the weather is fair with daytime highs in the mid-60s, and a sizable portion of downtown looks like either a ghost town or an ominous industrial construction site. Nonetheless, there are still a myriad of reasons to make the trip to Aspen during the month of May, or at least what is left of it.
Despite a fairytale image, Aspen has not been impervious to the tsunami of distressing economic news. In a certain sign of the times, headlines in the Aspen Daily News or the Aspen Times hint at gloomy economic conditions: the turtle-like crawl of vacation real estate sales, raising unemployment rates, and lower-than-average hotel occupancy are common themes littering the local headlines. Even in fantasyland woebegone national news of corporate bankruptcies, gloomy markets, bailout quagmires, foreclosures, and bank buyouts contribute to a crestfallen public consciousness.
As off-season transitions into summer high season, there are signs of a silver lining to the doom and gloom. Warm weather means Jimmy Buffett melodies, backyard grilling, rafting trips, shorts and flip-flops, and the opening of the narrow, 12,000 foot switchback over Independence Pass, making Aspen immediately accessible to historic Leadville. Although everything isn’t peaches and blue bonnets in this alpine resort town, a gang of intrepid Aspen-based entrepreneurs, business-owners, and organizations are still swinging for the fences by opening up shop or preparing for a superlative line-up of festivals and events occurring over the summer. Here’s a list of new and noteworthy shops, restaurants, and events debuting with giggly excitement for the summer 2009 season, economic torpedoes be damned.
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