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Step inside ‘Billionaire Mountain,’ the wealthy Aspen enclave where the Bezos and Dell families own sprawling mansions and homes go for as much as $49 million

Aspen

  • Aspen, Colorado, is rich and famous for its Red Mountain nicknamed "Billionaire Mountain".
  • Wal-Mart heirs Ann Walton Kroenke and Jeff Bezos' parents have a house there.
  • Billionaire Mountain boasts a record high in real estate. $ 49 million.
  • Visit the Business Insider's homepage for more information.

Aspen in Colorado is the most expensive ski town in the United States, but the more expensive it goes to the sky, the more expensive it is.

Towering over Aspen, Red Mountain is also known as "Billionaire Mountain". Home to high-end real estate, selling for $ 49 million, with huge square feet, views of downtown Aspen and the surrounding mountains.

Read more: An anonymous buyer just broke $ 24.1 million on the site & # 39; Billionaire Mountain & # 39; and broke two Aspen real estate records.

1% haven. From candy tycoon William Wrigley Jr. to casino giant Neil Blum, there are many noteworthy names out there.

Take a quick look at what life and property look like in Billionaire Mountain.

See also: Vacationing at St Moritz, a hidden gem in the Swiss Alps, where celebrities, billionaires and royalty skiers

Miss Miss: Towering Los Angeles, once listed on $ 1 billion and covered by Jeff Bezos, finally sold for $ 100,000.

Aspen, a small mining town, is now the most expensive ski town in the United States and is just one of four ski destinations in the world, with homes consistently over $ 25 million.

Source: Business Insider (1, 2, 3)

In an article in December 2012, former Forbes employee writer Morgan Brennan can find 1% of aspen in Red Mountain, nicknamed "Billionaire Mountain". Known as a popular winter destination for the rich and famous.

Source: Business Personnel, Forbes

Billionaire Mountain is divided up and down and offers views of Aspen Snowmass, consisting of downtown Aspen, the peaks of the Elk Mountains, and four ski resorts in Aspen.

Source: Aspen Sojourner, Forbes

The center of Aspen is about a 5-minute drive from the mountains, close to outdoor adventures, from fishing on the Independence Pass, to cycling along with the Roaring Fork River.

Source: Cary Wells Realty

Brennan wrote to Forbes, Billionaire Mountain's "phone book reads like a Davos VIP list."

Source: Forbes

Joshua Saslove of Douglas Elliman told Forbes, "It was the cornerstone of Aspen's residential property."

Source: Forbes

Wal-Mart's heirs, Anne Walton Kroenke, oil billionaire Sid Bass, candy tycoon William Wrigley Jr. and casino tycoon Neil Bluhm are all 2012 According to a Forbes report in December, it has homes ranging from $ 7.5 million to $ 384 million.

Source: Forbes

Billionaire families also call the elite neighborhood their home. According to Forbes, as of 2012, the parents of Amazon CEO Jeff Bezos had 10,600 square feet of homes worth $ 20 million in the Lower Red Mountains, and grandparents of Dell CEO Michael Dell were $ 15 million in uppers, 8,520 square feet. Pete had owned the Red Mountain.

Source: Forbes

1% pays the highest dollar for expensive real estate in Billionaire Mountain. The real estate currently on the market ranges from $ 2.25 million to $ 33.5 million.

Source: Realtor.com

According to local magazine Aspen Sojourner, as of June 2018, the average average home price for Billionaire Mountain was $ 15.8 million, with an average cost per square foot of $ 2,225.

Source: Aspen Sojourner

Billionaire San's real estate has broken record, especially when it comes to the most expensive homes in the United States.

There are 90 acres of Hala Ranch that are larger than the White House. The building, once the most expensive home in the United States, was listed in 2006 by the Saudi prince Bandar bin Sultan for $ 135 million. In 2012, he sold $ 45 million to hedge fund billionaire John Paulson.

Source: Mansion Global, Business Insider

Summit House is located on top of Billionaire Mountain on approximately 6 acres of land. Listed at $ 65 million in 2014, it was the most expensive home in Colorado. The current asking price is $ 39.5 million, slightly easier to manage.

According to Curbed, Bill Koch has marketed an Aspen compound for $ 80 million.

Source: Sotheby's International Realty

The 17,000-square-foot lodge boasts seven bedrooms, seven baths, four half-baths, and a 4,150-square-foot deck.

Source: Business Insider

But Summit House is far from the only famous luxury hotel in the area. In March 2019, $ 18 million ranch was on the market on the largest and most private estate in Billionaire Mountain. Known as Erickson Ranch, the company is owned by the Paepcke family, one of Aspen's founding families.

Source: Business Insider

Located on a 6,802-square-foot site that spans 6,802-square-foot, this 6,802-square-foot hotel has 7 bedrooms and 5 1/2 bathrooms on 12 acres.

Source: Business Insider

Even undeveloped land in the neighborhood has a huge price tag. In May 2019, an anonymous buyer penetrated two Aspen real estate records and dropped $ 24.2 million in an empty 4.4-acre billionaire San Plot.

Source: Mansion Global through Business Insider

It was the most expensive empty residential land at the time, and was sold for the highest residential in 2019.

Source: Mansion Global through Business Insider

It was part of a 40-acre site previously owned by Marian Rubey Lyeth Davis, whose family started the company and became Maxwell House Coffee.

Source: Mansion Global through Business Insider

Most of these houses are cottages. Scott Condon told the Aspen Times in 2008 that “Billionaire Mountain is best known for its large, empty mansion.

Source: Aspen Times

However, residential home owners often use the land for other purposes. In 2018, the Red Mountain Ranch Homeowners Association donated 55 acres of parcels to Pitkin County for open space and trail programs. The parcel extends about 150 yards from the top row of the house to the mountains.

Source: Aspen Times

According to Jerry Murdock, president of the Homeowners Association, a handful of homeowners wanted to sell their parcels to the highest bidder. He said he persuaded Pitkin County commissioners to support the donation. He did not say how much the property was worth in the open market.

Source: Aspen Times

Billionaire Mountain continues to attract new residents. According to Caroline Sackariason of Aspen Sojourner, the demand for remodeling and new homes is particularly high.

Source: Aspen Sojourner

Local brokers told Sackariason in 2018 that there is "aging inventory" in Billionaire Mountain, but it is still one of the best performing areas on the market. Single-family home sales increased 100% from 2016 to 2017.

Source: Aspen Sojourner

Sackariason said, "When it comes to these levels of monopoly, standards like lifestyle and reputation tend to surpass prices."

Source: Aspen Sojourner

Best Source: https://www.businessinsider.com/aspen-colorado-billionaire-mountain-rich-famous-neighborhood-2019-8

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