"Billionaire Bill Koch has reduced the asking price for his ranch in Aspen, Colorado, to $99 million. The industrialist first put the estate on the market in January, with an asking price of $125 million, but has since slashed it by 21%. The 53-acre compound, dubbed Elk Mountain Lodge, is located at 125 Rooney Circle, Pitkin County, and features eight structures totaling 25,277 square feet. These include a 16,600-square-foot main lodge with seven bedrooms and eight bathrooms."
"Koch first purchased the former dude ranch in 2007 for $26.5 million, and has since expanded and renovated it into a private retreat. He initially listed the Aspen property for sale in 2015 with an asking price of $100 million, before dropping the price to $80 million in 2016. The estate was taken off the market in 2017, and Koch sold 31 acres for $14.5 million in 2020, resulting in the current 53-acre offering."
"The estate blends rustic charm with modern amenities, featuring towering ceilings, authentic timber beams, and panoramic views of the Elk Mountain Range. The property includes private ponds, hiking and cross-country ski trails, two hot tubs, and a 3,100-square-foot gym cabin. The property is located roughly 10 miles from downtown Aspen, a market where luxury real estate prices have surged. The median sale price for an Aspen single-family home in the first half of 2024 reached $13.23 million, more than double that of 2016."
Bill Koch reduced the asking price for his Elk Mountain Lodge in Aspen to $99 million after initially listing it at $125 million in January. The 53-acre compound at 125 Rooney Circle includes eight structures totaling 25,277 square feet, highlighted by a 16,600-square-foot main lodge with seven bedrooms and eight bathrooms. Koch purchased the former dude ranch in 2007 for $26.5 million, expanded and renovated it, listed portions earlier and sold 31 acres for $14.5 million in 2020. The estate offers private ponds, trails, two hot tubs, a 3,100-square-foot gym cabin, and rental availability at $35,000 per night.
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