Bill Koch’s Aspen estate once asked $125M, now poised to sell for $33.5M
Billionaire Bill Koch's 52-acre Aspen estate, Elk Mountain Lodge, is under contract to sell for $33.5 million after originally being listed for $125 million. The sale follows a luxury auction after the property failed to attract buyers at its initial high valuation.
Why it matters
The massive price reduction reflects a cooling or correction in the ultra-luxury real estate market in high-demand areas like Aspen.
A sprawling mountain estate owned by billionaire businessman and collector Bill Koch is on track to sell for a fraction of its original asking price after spending nearly two years on the market. According to an exclusive report by The Wall Street Journal, Koch's 52-acre Aspen property is under contract following a luxury auction, where the winning bid reached $33.515 million. The sale marks the end of a dramatic pricing journey for one of Colorado's most exclusive residential estates, which debuted on the market in 2023 with a staggering $125 million asking price before undergoing multiple reductions and eventually heading to auction.A luxury estate that struggled to find a buyerThe property, known as Elk Mountain Lodge - first attracted attention when it was listed for $125 million during Aspen's booming luxury real estate market.
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