The billionaire Bill Koch has reintroduced his expansive Aspen estate for a staggering $125 million. Previously listed at lower prices, Koch is optimistic about the market’s strength this time around. Discover the estate, featuring a 16,631-square-foot main cabin and various amenities spread over 52 acres.
While Colorado winters can be harsh, the real estate market in the state is thriving. One of the billionaire Koch brothers is making another attempt to sell his extravagant Aspen property, this time at its highest asking price yet: $125 million. Should the estate sell for anywhere near this amount, it would set a record for the most expensive home ever sold in Colorado.
Previously, two other billionaires — former casino tycoon Steve Wynn and financier Thomas Peterffy — set the current record in April, paying $108 million for a 22,405-square-foot home in Aspen. This marked the first nine-figure transaction in the state, placing Aspen alongside high-end markets like New York, Los Angeles, Palm Beach, and Miami.
Bill Koch divested his share in the family business, Koch Industries, to his brothers for $470 million in 1983. Fast forward to 2007, when he purchased a former dude ranch near the upscale ski resort of Aspen for a relatively modest $26.5 million. Following significant renovations, the estate now boasts a sprawling 16,600-square-foot main lodge and seven cabins, one of which serves as a gym. The combined square footage of all structures is approximately 25,300. This 52-acre estate is equipped with luxury features such as hot tubs, hiking trails, and a room designed for altitude acclimatization.
As of Friday, Forbes estimated Koch’s net worth at $2 billion. He mentioned to The Wall Street Journal that the $125 million asking price aligns with recent sales of ultra-luxury homes in the area, which have averaged around $6,000 per square foot. “Applying that to our 25,000 square feet would push our asking price to $150 million,” Koch stated.
According to Koch’s listing agent Steven Shane of Compass, “Scarcity fuels luxury sales in Aspen’s real estate market.” He drew a parallel to how high-end brands like Hermès and Rolex generate demand through limited availability, indicating that Aspen’s allure surpasses the demand for real estate. Explore the grandeur of Koch’s luxurious compound and learn about his quest for a new buyer.
