luxury housing market Aspen Wealthy buyers are facing higher mortgage rates, house not even for saleCombine that with new construction restrictions and you have a frenzy of buyers doing almost anything to purchase a home in the glamorous mountain town.
Hungry buyers with pockets of cash lined up have three rare opportunities to own a chic chalet in the heart of a resort town. White Elephant ResortThe hospitality group, which operates luxury hotels in Nantucket and Palm Beach, sold the former Hotel Aspen. colorado It was founded late last year with $37.5 million and plans to build its first outpost there outside the East Coast. The purchase also includes rights to three 5,000-square-foot homes, each of which will be listed shortly before construction at $25 million each. Construction on the three new homes will begin this fall and is expected to be completed by late 2024.
Each house will be designed in a chalet style.
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Jordan Nemirow, Real Estate Advisor at Engel & Völkers Aspen, said: “The White Elephant Hotel is a hotel in Nantucket and Palm Beach. The grand entrance to Aspen at the White Elephant Hotel will feature three new chalets.”
According to Nemirow, all homes feature open floor plans, elevators, premium finishes and stunning Aspen views.
Each has an open floor plan and high-end finishes.
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The homes are just one block from Hotel Jerome and within walking distance to downtown Aspen. Although the residence is not directly affiliated with White Elephant Hotel, prospective residents will have access to all of the hotel’s amenities. This may include amenities similar to other properties, such as pools, five-star restaurants, and destination-specific activities. and programming. Residents also have access to underground parking, White Elephant Hotel Concierge, room service, and signature benefits at the restaurant.
In addition to properties of the same name in Nantucket and Palm Beach, White Elephant Resorts also operates Nantucket-based lodges such as The Warwinette, Jared Coffin House and The Cottages at Nantucket Boat Basin. The former Hotel Aspen, which opened in 1985, had 45 rooms, but it’s unclear exactly what the White Elephant has in store for this Aspen property.
Aspen is a year-round luxury resort offering great skiing in the winter and great outdoor adventures in the summer. It also has incredible luxury shopping, fine dining, and a wide variety of festivals, concerts, and activities.
See more photos of the property below.
The home is perfect for families seeking a year-round retreat.
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This is a bedroom plan.
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Bathroom.
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Another kitchen view.
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Due to its proximity, the owners have access to the amenities of the White Elephant Hotel.
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Appearance rendering.
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