Billionaire Bill Koch has listed his sustainable Aspen estate for $125 million, reflecting a bullish housing market in the area. Koch, who previously bought the property in 2007 for $26.5 million, has made several enhancements to the facility, transforming it from an event venue into a private mountain retreat. This sale marks another attempt to cash out on the property, having previously listed it for various amounts since 2015. The decision stems from the couple's desire for someone else to enjoy their special estate, after significant personal investment and expansion.
Koch pointed to the strong housing market as a reason for selling, believing it's time for someone else to enjoy the spectacular property.
By selling the property for $125 million, Koch would more than quadruple his investment from 2007 when he purchased it for $26.5 million.
Originally purchased in 2007 for $26.5 million, Koch transformed the mountain compound from an event venue into a luxurious private sanctuary with numerous amenities.
This isn't the first high price attempt for the estate; Koch had previously offered it for $100 million in 2015, dropping it to $80 million the following year.
Collection
[
|
...
]