ASPEN — Aspen’s anemic real estate industry got a boost Friday from the $43 million sale of a Red Mountain mansion on 421 Willoughby Way at the base of Red Mountain overlooking the town of Aspen…The house has 21,477 square feet of total heated area, including nine bedrooms and 13 bathrooms, according to records at the Pitkin County Assessor’s office. The assessor’s appraisal for 2009 placed the actual value of the property at $50.31 million.The big transaction reinforces the claim of many real estate agents that Aspen is the type of market that will continue to attract wealthy buyers capable of pulling off expensive cash deals despite the recession.The house wasn’t listed for sale.
By Scott Condon, July 14, 2009 Aspen Times

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