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- An anonymous buyer just purchased an empty 4.4-acre Aspen plot for $24.2 million, Mansions Global reports.
- The lot – previously a part of a massive 40-acre estate – broke several real-estate records, despite its lack of luxury housing.
- Located on Red Mountain, nicknamed Billionaire Mountain, the area is well-known for being a winter home to the rich and famous.
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One of Aspen’s most expensive lots just sold – and it’s completely empty.
According to Mansions Global, the $24.2 million purchase in April broke two Aspen records: the most expensive empty residential lot ever sold and the highest residential sale so far in 2019. Purchased by an anonymous buyer, the 4.4-acre plot sits on Red Mountain, one of the most coveted locations in one of the most expensive ski towns.
Red Mountain, commonly referred to as “Billionaire Mountain,” is a popular winter home for the rich and famous. High-profile residents include Walmart heiress Ann Walton Kroenke and hedge-fund manager John Paulson. Mansions Global reported that the property previously belonged to the massive 40-acre estate owned by Marian Rubey Lyeth Davis, whose family started the company that became Maxwell House Coffee.
The empty lot is just one example of prime Red Mountain real estate; an $18 million ranch owned by one of the ski town’s founding families was recently listed in March. While the listing includes a finished mansion, one of the property’s three other lots remains empty and is under construction for new development.
Additionally, the Aspen property was not the only vacant lot on the market: a similar multi-million-dollar chunk of land currently sits on a Los Angeles hilltop.