A 12,655-square-foot residence on 60.78 acres of ranchland closed on Thursday, breaking the document for the highest-priced residential property ever bought in Aspen or the state of Colorado.  

The 8-bedroom, 11-bathroom residence bought for $77 million at $6,084.55 per sq. foot, in accordance with the Aspen-Glenwood A number of Itemizing Service. Like most actual property transactions in Aspen, it was a money deal.

In keeping with the particular guarantee deed recorded with the Pitkin County Clerk & Recorder on Thursday afternoon, the vendor was Roluja LLC and the client was Clear River Properties LLC.

Dennis Burns, a dealer with Sotheby’s Worldwide Realty, represented the client. 

“It’s located between Snowmass and Buttermilk; it’s obtained views of all 4 ski mountains and nice entry to all of them,” he mentioned. “It’s fairly unimaginable with its location and views and privateness and simply magnificence. It’s a extremely superb legacy property.”

He has labored as a dealer in Aspen for 23 years, he mentioned. 

The property was listed on Nov. 2, 2023, for $80 million. Doug Leibinger, a founding dealer with Compass Aspen, represented the vendor. He couldn’t be reached for remark by press time.

The earlier record-holder for most costly gross sales value was a $76 million sale of 1001 Ute Avenue. 

Roluja LLC is registered in Colorado to CT Company System. Jo Kassel of Ankeny, Iowa, is listed because the registered agent, in accordance with the Colorado Secretary of State.

County data present Roluja LLC bought the 600 Owl Creek Ranch Street property in 2021 for $40 million. In 2023, the Pitkin County Assessor’s workplace calculated the worth of the property to be roughly $62.5 million. 

Burns mentioned the regularly rising gross sales costs for Aspen-area properties has been compounded by post-pandemic market situation of metropolis slickers shifting to rural areas. 

“I feel that COVID actually set the stage for this explosion, in the place folks wish to both name residence or name their second residence,” he mentioned. “Individuals … realized that they are often in a spot like this versus the town.”

This transaction is unlikely to carry the document for lengthy. The Wall Road Journal just lately reported that the Aspen market is about to see a $110 million transaction, which might shatter the document set Thursday for highest gross sales value. 

“We’re going to maintain the title very briefly, it appears like, for the document,” Burns mentioned. “It actually demonstrates the panorama of Aspen actual property lately and the unimaginable demand, the worldwide demand for such a small piece of heaven right here.”

This story is from AspenTimes.com