Home News In Latest Off-Market Deal, Aspen Mansion Sells for $48 Million

In Latest Off-Market Deal, Aspen Mansion Sells for $48 Million

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Property developer Thomas E. Lewis sold his Aspen home for $48 million in an off-market transaction. This is the leading price tag in the local market.

A local agent said the deal shows just how much the Aspen market has appreciated in just two years. The property was last listed for sale in early 2020 for just $31.5 million.

Completed in 2019, the hillside lot spans over 10,000 square feet with 7 bedrooms on over a third of an acre. Lewis said there was also an arcade-his-style area with a bar, gym, pinball his machines, shuffleboard and foosball, all of which were sold along with the house. The property offers views of Red Mountain and Hunter Creek. Descending the hillside leads to water features and ponds, as well as a large outdoor entertaining area.

Lewis said he originally planned the house as a spec home, but sold the property in 2020 to live on his own. When a local agent inquired about the property on behalf of prospective clients who were desperately looking for luxury homes amid the pandemic, he told them it was no longer for sale. The offer must be important enough to move him.

“I said, ‘Listen, I’m a businessman, but this is where I live,'” he said.

The agent said the home was particularly good value because of its size combined with its proximity to downtown Aspen, which is just a few blocks from West Main Street. No, they said.

The purchaser was listed in public records as 19 Little Cloud Inc. Their identities were not immediately established. Coldwell Banker Mason Morse’s girlfriend Carrie Wells represented both the buyer and seller in this transaction. She declined to comment on the purchaser.

what’s going on in Aspen?

Aspen Snowmass Sotheby’s International Realty’s Tim Estin data shows that overall Aspen sales were down 51% in October compared to the same period last year. While overall transaction speeds have slowed, local agents say the most attractive and well-located homes are still selling for record highs, and those deals are increasingly off-market. said. So far this year, Wells said, he has closed eight deals of $40 million or more in Aspen, and last year he had three.

write destination Catherine Clark [email protected]

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