Posted: 07/05/13: Aspen, CO: The Meanwhile Ranch, Snowmass, CO auction deal has fallen apart. The winning bid was confirmed at $11.25M plus approx. 4% buyer’s premium by other brokers but the buyer has failed to pay the 10% earnest money required by auctioneer within 24 hrs. The high bidder forfeits the $250,000 deposit that was required in order to bid for the property. Postscript: word on the Aspen street is that the ex-wife of deceased owner John Galardi bought the property back from the estate but this has not been verified.
Link to article July 5, 2013 ABJ
Posted: 06/25/13: The auction for Meanwhile Ranch was held last Fri., June 21, 2013. According to knowledgable sources on-site, there were (6) bids and the winning bid was approximately $12M plus a 4% buyer’s premium. This was a no reserve auction, and the highest bid won. It is likely to close within the next 30 – 60 days.
MLS 119758 – 1621 Lower River Rd, Snowmass, CO (This link is valid until 7/31/2013. )
Aerial view of the 56 acre Meanwhile Ranch, 1621 Lower River Rd, Snowmass, CO 81654