A Aspen home sold this week for $43 million. The seller is a firm managed by Dallas, Texas real estate developer Daryl Snadon, who owns Beltway Development Company and Beltway Commercial Real Estate. The transaction closed Friday, July 10th and was recorded with the Pitkin County Clerk's office Monday, July 13th. The assessors's appraisal for 2009 placed the actual value of the property at $50.31 million. The home was not on the market. The buyers were an American family that purchased the property through a limited liability corporation. It was a straight cash deal according to the broker representing the buyer.
The 21,400 sq ft,10-bedroom, 13 bathroom contemporary mountain home on 4.5 acres is located at the base of Aspen’s prestigious Red Mountain. The home at 421 Willoughby Way was completed in 2006. The residence overlooks downtown Aspen and includes a heated outdoor pool, four-car garage and a guest house.
To date, the highest residential sale in Aspen was $47 million in 2006 for Crystal Island Ranch, a ranch estate with multiple building sites. This latest sale is the most expensive single-family home sold in the United States in 2009.
Despite the recession, seems mountain resort towns are still an attractive place to buy real estate!
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