The luxury real estate market in Aspen, Colorado, is known for its high-priced properties. However, the market has yet to witness a home sale above $100 million. That may soon change with the listing of an estate at 41 Popcorn Lake, 100, and 102 Difficult Lane, which is priced at $105 million.
The 8.4-acre property, located just 4 miles from downtown Aspen, is being sold by a limited liability company linked to Florida car-dealership owner Terry Taylor. Taylor purchased the property for $32 million in 2020. The listing is being handled by Mandy Welgos and Craig Morris of Aspen Snowmass Sotheby’s International Realty.
This estate features an impressive 18,400-square-foot main house and several connected structures, all connected by a footbridge that spans the beautiful Roaring Fork River. The main house, built around 2014, has stunning views of the mountains and the river. It has recently undergone renovations to create a brighter and more contemporary interior.
Potential buyers have the option to purchase the property as separate parcels. The parcel with the main home is priced at $72 million, while the parcel with the guesthouse and caretaker’s house is listed at $33 million.
Despite a recent slowdown in the luxury real estate market nationwide, the demand for Aspen’s trophy homes remains high due to a shortage of available properties. In the past month alone, 15 Aspen properties priced over $10 million have gone under contract.
Real estate agent Mandy Welgos is confident that the Aspen market is on the verge of a $100-million sale. While previous attempts to reach this milestone have fallen short, the listing at 41 Popcorn Lake may succeed in setting a record for Aspen.
Aspen is not the only location where nine-figure deals have been made recently. Other cities, such as Miami and Greenwich, have seen record-breaking sales. However, Aspen’s unique charm and natural beauty continue to attract wealthy buyers, making it a prime real estate market.
Overall, the listing at 41 Popcorn Lake represents a significant opportunity for Aspen to join the elite group of luxury real estate markets with home sales above $100 million.
Definitions:
1. Luxury real estate: High-end properties that offer exceptional quality and features, typically located in exclusive locations.
2. Limited liability company (LLC): A flexible business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability protection of a corporation.
3. Main house: The primary residence on a property, usually the largest and most luxurious structure.
4. Parcels: Separate portions or lots of land that can be bought or sold individually.
5. Trophy homes: Prestigious and highly desirable homes that are considered symbols of success and luxury.
Sources:
– The Wall Street Journal