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The exclusive community of Starwood
The exclusive community of Starwood
Last year, hedge-fund titan John Paulson paid 24.5 million for a 13,000-square-foot estate with a [link widoczny dla zalogowanych] sandy beach, surrounding ponds, a 35-foot-wall of disappearing glass, views of the four ski mountains and a media room with leather seats. Chris Reyes of Chicago-based food and beer distributor Reyes Holdings paid 31.5 million for a 15,000-square-foot stone mansion with a gym, panoramic views, a caretaker's apartment and an eight-stall horse stable. According to public records, Paul Edgerley, a managing director of Bain Capital, bought an estate in the exclusive community of Starwood a couple of weeks ago. The estate sold for 19.8 million after less than three months on the market, says listing agent Brian Hazen.
A 90-acre Aspen estate just went on the market for 48.5 million, listed by Joshua Saslove of Joshua & Co. Known as Jigsaw Ranch, it includes two main houses, a guest house and a log cabin gatehouse. The 21,000-square-foot main house took nearly 15 years to [link widoczny dla zalogowanych] complete and was designed to look like a perched village. The second main house is 11,000 square feet and has an entrance reached from a walking bridge across a creek.
Aspen hasn't missed the housing bust altogether: The number of homes sold last year was about half the level of 2006, and there have been foreclosures and notable fire sales, according to Mason Morse broker Tim Estin, who writes a regular economic analysis called the Estin Report. One house that sold for 16 million on Feb. 15, for example, was originally listed for 32 million. Overall, though, recent signs have been promising. After a few rough years of declines, residential sales in Aspen grew 17% in gross dollar volume last year from 2009 and 23% in sales; there have been seven [link widoczny dla zalogowanych] sales over 10 million in the past two months alone, says Andrew Ernemann of real-estate agency BJ Adams & Co. Last March,[link widoczny dla zalogowanych], a 1,122-square-foot "quaint Victorian" two-bedroom shack on Main Street sold for 1 million.
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