Elk Mountain Lodge property near Aspen listed for sale at $80M
The highest priced residential real estate listing in the Aspen area’s history is back on the market — for $20 million less than last year.
Industrialist William Koch’s Elk Mountain Lodge property was relisted earlier this month for $80 million. It was listed for $100 million throughout 2015 but taken off the market at the end of the year.
The new listing real estate agents are Raifie Bass, Wendy Wogan and Joshua Saslove of Douglas Elliman Real Estate. The listing by the Bass Wogan Team calls the property unique in the U.S., a point that Bass amplified in an interview.
“The setting is without parallel. To get that kind of privacy and access to the backcountry is kind of unheard of that close to Aspen,” he said.
He noted that the property is close to the cross-country ski touring at Ashcroft, adjacent to the American Lake trail, a hop and a skip from Express Creek Road, a popular dirt biking and mountain biking route, and just down the valley from Pearl Pass Road.
The property features four homes on 82 acres. The listing is different this year because Koch will consider selling pieces separately. The Crystal House, for example, might appeal to the sports fanatic who has just about everything. The 5,353 square foot house has a basketball court that can be converted to a volleyball court. The asking price is $8.375 million.
The Ashcroft House is listed at $7.375 million.
The fourth home, at the trailhead to American Lake, is listed at $4.250 million but it will only be sold with the main lodge.
The centerpiece is the former main lodge, which was remodeled in 2007 and converted into a single-family home. The asking price for the lodge alone is $60 million if sold independently. It has 17 bedrooms, 16 full bathrooms and four half bathrooms. The garage fits four and half vehicles. The log structure is just shy of 15,000 square feet.
The property is located about 10 miles southwest of Aspen on Castle Creek Road. Bass said the target buyer could be a family looking for a multi-generational compound or a corporation looking for a retreat.
Koch, founder of the Oxbow Corp., and brother of conservative political donors and activists Charles and David Koch, bought the Elk Mountain Lodge property for $26.46 million in 2007 and poured millions of dollars into remodels and landscaping.
Koch also developed a replica Old West town on a ranch on the west side of McClure Pass during the recession. The job kept scores of construction workers busy at an otherwise slow period.
Elk Mountain Lodge has a long history as an event venue in the Castle Creek Valley.
“It’s an amazing property,” Bass said. “I have an affinity for it. I got married there.”
Somehow, the property never solidified its role as an events venue despite the spectacular setting.
The Pitkin County commissioners granted permission to convert the lodge into a single-family home in April 2007.
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