Two out of three luxury Aspen properties went under contract today to winning bids in high profile auctions that received a lot of marketing dollars and attention. The sales are due to close within the next 30 days.

The properties under contract are: (link is valid for 30 days until Aug. 31, 2013.)


MLS 118070 – 1518 West Buttermilk, Aspen, CO: Ask Price: $22.5M; Under contract price: $15M plus 4% Buyers Premium = $15.6M/$1,019 sq ft

118070 – 1518 West Buttermilk, Aspen, CO: Ask Price: $22.5M; Under contract price: $15M plus 4% Buyers Premium = $15.6M/$1,019 sq ft (Original price: $36M in Aug. 2007; the price was raised to $43.8M in spring 2008.) Built 2007, 15,300 sq ft on 2 acres overlooking Owl Creek and facing Mt Daly and Snowmass Peak. The brokers comments are, “This 16,000 sq ft estate offers arguably the best views in all of Aspen. It was designed & created by Gregory ‘Skip’ Gozzo, who has been nationally recognized for over 25 years as one of the nation’s leading estate builders of ultra high end luxury homes. It has been featured on VH1’s “Celebrity Real Estate Splurges” as one of the top 4 estates for sale in the US. There aren’t any properties in Aspen this close to town on a 2 acre flat building envelope w/out airplane noise or views obstructed by neighboring homes. The flat building envelope allowed a 300 ft wide estate w/out any steps on either level, & the grand lawn spaces w/lush landscaping & water features created a superb design for entertaining w/views overlooking thousands of acres of pastures & mountains” (Photos courtesy of Aspen Snowmass Sothebys).

MLS 128112 – 1121 Red Mountain Road Aspen, CO: Ask Price: $15.25M; Under contract price $9.75M plus 4% buyers premium = $10.14M/$1,063 sq ft

MLS 128112 – 1121 Red Mountain Road Aspen, CO: Ask Price: $15.25M; Under contract price $9.75M plus 4% buyers premium = $10.14M/$1,063 sq ft. (Original price: $23.5M and on the market 1,436 days since 01/13/2009.The property sold for $20M on 12/07/06.) This is a 2005 built, 6 bdrm/6 bath/2 half bath, 9,537 sq ft 2005 built Red Mountain home on 1 acre with 799 sq ft 3-car garage. Broker comments, ” AUCTION July 30th! Previously $23.5M. Selling Without Reserve, to the highest bidder. Perched high atop the mountain, Le Grande Vues at Red Mountain truly lives up to its name, offering stunning panoramas of the surrounding peaks and Aspen. Private and gated, it’s built for both indoor and outdoor entertaining, and is minutes to skiing, shopping and dining in Aspen.” (Photo and comments courtesy of Joshua & Co.)

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Disclaimer: The statements made in The Estin Report and on Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.920.7387 or Email him. The Estin Report is copyrighted 2013 and all rights reserved. Use is permitted subject to the following attribution with link to the source: The Estin Report on the Aspen real estate market

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