Archives for October 2012

ASPEN—A Maroon Creek spec home that went on the market shortly in the depths of the recession has sold for $21 million, marking the second most expensive home sale of the year. Called the “Residence at Maroon Creek” in marketing materials, the nearly 15,000-square-foot “European country home” sits on about two acres fronting Maroon Creek just past Aspen Highlands, and can be seen from the road Continue Reading

ASPEN—Wealth expert Jim Taylor of the Harrison Group had some words of wisdom for an audience chock full of real estate and development professionals at the 2012 Aspen/Snowmass State of the Real Estate and Tourism Economy Symposium on Thursday afternoon. Actually, he had a lot of them. Armed with a dizzying array of statistics from his firm’s research into the thoughts, habits, and spending Continue Reading

ASPEN—Merry-Go-Round Ranch, the home of Aspen retail and diner entrepreneur Leonard “Boogie” Weinglass, is on the market for $28 million. The 21-acre property on McLain Flats could be described as a sports nut’s dream. A 13,000-square-foot fitness facility includes an NBA-caliber basketball court, indoor track, and tennis court. Then there’s the land, which includes a barn, horse pastures, and Continue Reading

ASPEN—The Related Companies affiliate that closed on the acquisition of Base Village last week paid $90 million for the collection of properties at the base of Snowmass Ski Area, public records show, while securing a nearly $150 million loan. It may seem like a low purchase price for the base area assets, which were once touted as a $1 billion development. But several factors need to be Continue Reading

ASPEN—If there’s such a thing as a “new normal” when it comes to real estate sales, then the Aspen/Snowmass market just might be knocking on that re-calibrated door these days. While Pitkin County saw double the dollar volume in sales during July, $78.7 million, as compared to the same month in 2011, the base number was the weakest single month in at least seven years. All told, there were 47 Continue Reading

ASPEN—A Starwood estate associated with a national political sex scandal is on the market for $19.95 million. Real estate blog Curbed.com reported earlier this week that former presidential candidate John Edwards’ pregnant mistress Rielle Hunter hid out during the 2008 presidential race in a 14,000-square-foot stone Starwood mansion designed by architect Robert A.M. Stern, prior to the scandal Continue Reading

VAIL—A mediation in Denver this month among parties involved in various lawsuits at the Club at Cordillera, one of Vail’s most prestigious neighborhoods, resulted in an agreement to end legal wrangling and sell the club by the end of the year. The complex deal still needs to work its way through federal bankruptcy and county court systems, but club members and owner David Wilhelm, who filed for Continue Reading

ASPEN—Real estate sales in Pitkin County were up 17 percent in dollar volume and down 9 percent in number of transactions for the month of August. And while overall dollar volume is lower than it was in 2011, the gap is narrowing, and the general feeling is that the market is on the rise. Land Title released its August market analysis on Wednesday, which covers all property transfers throughout Continue Reading

ASPEN—Housing prices across the country may be rising on the lower end, but that trend isnʼt necessarily being felt in the Aspen area. Yet there are indicators emerging that owners who wish to sell properties that are priced below $1 million should find encouraging. “There are positive signs that the market has been scraping along the bottom and the worst is over,” said broker Tim Estin of Mason Continue Reading