Aspen, CO, Real Estate Market Smashes Through $100 Million-Ceiling – SnowBrains

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The property has traded hands several times since it was built in 2006, each time for a new record. | Photo Credit: Saslove & Warwick

Aspen’s latest real estate deal has smashed the record set last week with a deal that breaks through the $100 million barrier. Many properties had been listed with lofty price targets in the nine figures but none had ever reached that caliber — until now. On Monday, April 15, the sale of 419 Willoughby Way in Aspen, Colorado, at the foot of Red Mountain was announced by Aspen Title & Escrow for a record-breaking $108 million.

Just last week, a ranch was sold for $77 million setting a new record, but Monday’s deal surpasses that record by a cool $31 million. Records have been falling like aspen in Aspen — in September 2023 a deal worth $76 million broke the previous record of $72.5 million set in 2021. Interestingly enough, the two-year record holder from 2021 is the  property in question that has now broken the latest record.


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Retired Canadian ice hockey player Patrick Dovigi had purchased the mansion at Willoughby Way in June 2021 for $72.5 million, meaning the investment has yielded a return of almost 50% in less than three years. Previously, the property which is situated on a 4-acre block had traded for $43 million in 2009 and was originally built in 2006. The house features 11 bedrooms, 13 full bathrooms, 4 half bathrooms, a temperature-controlled wine room, a state-of-the-art home theater, an elevator, and multiple living areas spread out across 21,477 square feet of internal living.

The buyer of the property is Buddies Aspen LLC, a company registered in Colorado with residential address in Las Vegas. According to the Wall Street Journal, the company was founded by Stephen Wynn and Thomas Peterffy. Peterffy is the Hungarian-born founder of Interactive Brokers while Wynn is a Vegas-based real estate developer and former CEO of Mirage Resorts.

One of the multiple living areas in the mansion at 419 Willoughby Way in Aspen. | Photo Credit: David O. Marlow via Aspen Daily

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