Aspen Real Estate’s Top Ten in 2008
- #2 of the Top 10 Sales in 2008
Which county in the U.S. can claim 10 real estate transactions totalling over $160 Million in a recession? Pitkin County, home to Aspen, Colorado and Snowmass Village, Colorado. 2008 is the first time in four years that real estate sales in Pitkin County did not top $2 Billion, but buyers and sellers are still making deals in Aspen. Following is a list of the top 10 real estate transactions in Pitkin County based on the purchase price.
#1-1200 Ridge of Wildcat Drive (Snowmass Village) $36,375,000
This property was owned by the Leon Hirsch, the founder of United States Surgical Corporation, and sold to Roman Abramovich, the Russian oil tycoon. Fantastic property with absolute 360-degree views above Snowmass Village.
#2-109 Willoughby Way (The Ponds, Pitkin Green, base of Red Mountain) $20,750,000
Listed and sold by Joshua & Co., the Ponds is a unique A+ parcel located at the base of Red Mountain, complete with private pool.
#3-288 Willoughby Way (Pitkin Green, base of Red Mountain) $15,887,839.08
The Stewart family sold this six-bedroom estate without ever marketing it. This neighborhood speaks for itself with amazing views of Aspen Mountain and close proximity to the central core.
#4-61 S. Meadow Lane (Maroon Creek Club) $15,000,000
After being listed for over a year, Joshua & Co. found the right buyer at the right price. Designed by Richard Wax and located near the Tiehack lift, 61 S. Meadow Lane became home to the Nepsa Investment Group in July 2008.
#5-535 Cooper Avenue (Central Core) $14,600,000
A block of prime real estate sold by the Stein Ericksen Family Partnership to a group of investors. Rarely does any commercial property become available for purchase, and the price reflects demand for this type of property within the central core of Aspen.
#6-202 E. Fork Lane (Two Creeks in Snowmass Village) $14,500,000
Another Russion oil tycoon found the beauty of Snowmass Village too great to pass up. Two Creeks neighborhood boasts click-in/click-out ski access to Snowmass Mountain and wonderful views of the Snowmass Valley.
#7-8500 Snowmass Creek Road (Old Snowmass) $11,926,281 + 848,719 = $12,775,000
Dancing Bear Ranch feels miles away from the hustle and bustle of Aspen, but is only 5 minutes from the Campground ski lift at Snowmass ski area. Michael Ovitz bought and sold this property without ever moving into it. This property included a five-bedroom home on 500 wooded acres with Snowmass Creek frontage, and was purchased with an adjacent 35-acre parcel.
#8-303 Aspen Way (Snowmass Village) $11,800,000
Why not have two homes in one of the best towns in the U.S., especialy if you are Roman Abramovich? Abramovich also purchased the #1 most expensive property on this list. This home is found on the other side of the Snowmass Valley, and was sold before it was listed on the open real estate market.
#9-385 Pinecrest Drive (Snowmass Village) $11,500,000
The Pines neighborhood is located next to Two Creeks and provides the same click-in/click-out ski access to Snowmass Mountain. Lorenzo Fertitti, owner of the reality show The Ultimate Fighter, purchased this 5,328-square-foot home before it became formally listed in the Aspen real estate market.
Aspen’s real estate market will continue to remain strong in the future because of our unique resort community and limited supply of land. The rare blend of a terrific climate, extraordinary beauty, cultural events and the small-town community of Aspen and the Roaring Fork Valley is irreplaceable. What can’t be duplicated will remain valuable forever.
