“Prices in Aspen have grown exponentially since 2019” according to broker Tim Estin of Aspen Snowmass Sotheby’s International Realty with the Estin Report on the Aspen real estate market, “thanks to high demand, extremely limited inventory and restrictions on development.”

The property sold off market for $70M/$5,384 sq ft on 09/01/23. It is a 2020 built contemporary home, owned by designer Holly Hunt, in East Aspen in The Preserve subdivision about one mile to downtown. The 4.2 acre property consists of a main house with 6 bedrooms/8 bathrooms/11,038 sq ft plus a caretakers house for a total of approximately 13,000 sq ft. A private bridge accessing the property from Highway 82 crosses the Roaring Fork River providing the property’s entry with a sense of a great entry, privacy and separation from the road. It is as if one is crossing a castle’s moat in order to arrive at a home which is simply stunning. (Photo credit: Pitkin County Assesor).

Link to WSJ article

From article: The deal is the latest in a string of major off-market deals for Aspen which is still riding the pandemic-era boom despite a slowdown in luxury real-estate markets around the country…During the first half of the year, “Aspen inventory was down 32.5% compared with the first half of 2019 …Although there was a slight uptick in new listings this summer, the market has the second-lowest inventory level on record. (The lowest was the first half of 2022.) As a result, the number of sales during the first half of the year dropped 38% from the prior year. We’re still at overall historically low, low inventory,” said Estin, who wasn’t involved in the deal but tracks the market.