ASPEN REAL ESTATE – For many watching Aspen area real estate, 2011 will be remembered for its large volume of high-end home sales. Twenty-two residential properties in the upper Roaring Fork Valley changed hands for $10 million or more last year—equivalent to nearly two each month. Those sales added up to more than $325 million, roughly one-quarter of Pitkin County’s $1.27 billion worth of property transfers—on less than three percent of the number of transactions. Clearly, the buyers of these luxury properties have not been too badly hurt by the Great Recession—yet they are price savvy, as many of the estates changed hands for significant discounts. Many of the properties had also been for sale for quite some time. Still, the new owners generally paid a higher price per square foot than other segments of the market. For a who’s who of the buyers these big deals, see this article.
By Catherine Lutz, ABJ and Brent Gardner-Smith, Aspen Journalism, Jan 22, 2012 ABJ

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For Sale: 201 Midnight Mine Rd: Just minutes from downtown Aspen, this pristine 80-acre ranch property along Castle Creek includes a private island, two separate residences, guest house, log cabin and gate house.The main house is a newly completed architectural marvel, while the second main house includes a riverfront location and an extensive remodel. This is the first time in more than 37 years that Jigsaw Ranch has been offered for sale – representing a rare legacy opportunity. Upper Main House Bedrooms 5 Bathrooms 7 full; 3 half for Upper House 19,251 sq. ft. Caretaker/Gate House Bedrooms 1 Bathrooms 1 TOTAL for Caretaker 1,701 sq. ft. River House Bedrooms 4 Bathrooms 4 full; 1 half TOTAL for River House 9,591 sq. ft. River Guest House Bedrooms 2 plus loft Bathrooms 2 TOTAL for River Guest 2,270 sq. ft. Log Cabin Bedrooms Loft Bathrooms 1. TOTAL 23,649 sq ft, 80 acres, $48.5M.

Contact: Tim Estin 970-920.7387 for more details. (Photo and listing information courtesy of Joshua & Co – Aspen.)