Aspen, Colorado

This Contemporary Mountain Estate in Aspen, Colorado Sold for US $19 million

The Red Mountain Estate Encompasses Nearly 1.5 Acres


Off-Market In Aspen

The Who: Liz Leeds of Slifer Smith & Frampton Real Estate in Aspen, Colorado

The What: A contemporary mountain estate within Aspen’s Red Mountain community sold for more than US $5 million above what it had less than a year earlier—and the property wasn’t even on the market. The two-story, 8,400­-square- foot-plus floor plan includes seven bedrooms, 8.5 bathrooms, a media room, an open-concept kitchen and a game room. Encompasing nearly 1.5 acres with vistas of the surrounding mountain peaks and Independence Pass, decking and terrace patios extend the living space outdoors. Willoughby Way, where the home is located, “is one of the most sought-after streets in all of Aspen with stunning views,” Leeds says

The How: This chalet in Red Mountain, nicknamed Billionaire Mountain for its wealthy homeowners, was never officially listed before the sale, Leeds says, and only became available after the owner received an unsolicited offer. “Our client had just purchased the property eight months prior for US $13.7 million with the intent of redeveloping it,” Leeds says. “The buyer’s agent approached us and asked if our client would sell. They said ‘yes’ at $19 million, and we closed for full price.”

The hot Aspen and Vail Valley real estate scene is the epitome of a seller’s market with scarce inventory and demand for top properties creating intense competition. Because of this, Leeds says, agents have to think outside the box to accommodate their client’s needs. “We are seeing a fast-moving market with most homes selling for full price. As in this case, we often need to get creative to find new inventory for our clients.”