What’s the Big Deal: Waters Ave. home reels in $12.6 million | AspenTimes.com

What’s the Big Deal: Waters Ave. home reels in $12.6 million

Rick Carroll
The Aspen Times
A limited liability company paid $12.6 million for this new home at 1118 E. Waters Ave. The property had been on the MLS for less than two months.
Jeremy Wallace/The Aspen Times |

Editor’s note: “What’s the Big Deal?” runs Sundays and is based on the most expensive property transaction recorded in Pitkin County each week.

Address: 1118 E. Waters Ave., Aspen

Price: $12.6 million


Seller: Frederic B. Horne (Prides Crossing, Massachusetts)

Property type: Single-family

Year built: 2015

Total heated area: 5,829 square feet

Worth noting: Called the Blackbird House, the home has an elevator, five bedrooms and 6.5 baths. It most recently was listed for $12.845 million and didn’t last on the market long. It was added to the Multiple Listing Service on June 17. The seller, Horne, bought the property for $2.75 million in May 2012 from longtime Aspen resident Leslie Holst. Holst had owned the property for more than 25 years, buying it for $150,000 in March 1987, according to county property records. Holst was a driving force last decade behind the “White Shirts,” a now-defunct grassroots movement that had aimed to slow down the pace of growth in Aspen.

Horne tore down Holst’s home, replacing it with the Blackbird House, which was designed by architect Will Bruder of Phoenix. The buyer, KMOSC LLC, formed July 13, according to the Colorado Secretary of State’s Office.


• Luxury-home sales of more than $7.5 million are up 19 percent through June compared with the same period last year in Aspen and Snowmass. That’s according to a newsletter from BJ Adams & Co., which reported that 32 home sales from January through June eclipsed the $7.5 million mark.

• In another newsletter, Realtor Chris Klug reported that pending property sales in Aspen for July are down 33 percent compared with July 2014, but Basalt’s are up 50 percent for the same month.

“July has been one of the slowest months (in Aspen) of the year,” Klug’s newsletter said. “I attribute that to a wetter June and July than normal, the price of oil for our Texan buyers and a lack of newer inventory especially in A-plus locations.”

• Ski.Curbed.com recently compiled a list of the 25 most expensive residential properties on the market in American ski resorts. Not surprisingly, Pitkin County properties prevailed in the rankings with 10 on the list, including William Koch’s 10080 Castle Creek property, which is marketed for $100 million, giving it the top billing.

“And while Aspen still dominates the list and boasts ski country’s most expensive property, Lake Tahoe, Vail, Jackson Hole and Telluride all make a decent showing with top-dollar listings,” the report said.