Aspen is close to recording its first-ever $100 million home sale, which if completed would put the tony resort area in a rarified league.
Steve Wynn, the man behind the Bellagio and Wynn casino resorts, and Thomas Peterffy, a pioneer in computerized and discount stock trading, are teaming up to purchase the mansion on Aspen’s Red Mountain for $110 million, according to the Wall Street Journal, which cited “people familiar with the deal.”
“I wish I could share, but I haven’t been able to share anything,” said the listing agent on the home, Riley Warwick, co-founder of the Aspen-based brokerage team, Saslove & Warwick, at Douglas Elliman Real Estate.
Patrick Dovigi, founder and CEO of Green for Life Environmental and a former professional hockey player in Canada, is the seller. Dovigi purchased the home in 2021 for $72.5 million from Lewis Sanders, former chairman and CEO of Sanford C. Bernstein, now part of AllianceBernstein, according to Global Mansion.
At the time, the purchase set records in Aspen, and if the current contract goes through, it will mark another high water mark for Colorado’s ritziest housing market. Looking at the home and land only, Dovigi could enjoy a gain of 52% in under three years, not counting his remodeling expenses.
Built in 2006, the 22,000-square-foot property sits on 4.5 acres at the base of Red Mountain overlooking the town. It has 11 bedrooms, a heated outdoor pool, garage and guest house. A 15,000-square-foot cap on new homes in Pitkin County, with more restrictions expected going forward, means it can’t be replicated.
“This sale speaks to the wherewithal of ultra-wealthy people who want to live their best lives,” said Steven Shane, founder of Shane Aspen Real Estate, which is not involved in the transaction.
Shane said prices have continued to escalate in the Aspen area. He recently helped sell a $65 million ski-in and ski-out property on Aspen Mountain and also represented fashion mogul Tommy Hilfiger on the sale of his $50 million Aspen estate.
A $110 million home sale would put Colorado among an elite group of states that includes New York, California and Florida.
The first $100 million-plus single-family home sale happened 20 years ago in the U.S., and since 2020 there have been about two dozen purchases above that threshold, according to Global Mansion.
“Aspen is the premier four-season destination for buyers who appreciate an exciting outdoor lifestyle and the best in culture. In addition to having four ski mountains, gold-medal fly fishing, hiking, mountain and road biking, Aspen’s art, music and thought-provoking forums are also world-class,” Shane said.
The pool of potential buyers is limited to billionaires, of which there are 2,781 worldwide, according to a list released Tuesday by Forbes. That’s up 141 from last year, and the group has a combined wealth of $14.2 trillion.
Wynn has an estimated net worth of $3.5 billion, while Petterfy has $34 billion to his name, according to Forbes. Dovigi did not make the Forbes list this year, but other surveys have put his holdings at around $1 billion. He has bought and sold other Aspen properties at a profit.
Including the home’s contents, art collection and other items, the total value of the sale is expected to reach $127 million, according to the Wall Street Journal.
Get more real estate and business news by signing up for our weekly newsletter, On the Block.
