Bill Koch's Aspen Estate Sells for $33.5M After Being Listed at $125M

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Billionaire Bill Koch's Elk Mountain Lodge in Aspen, Colorado has sold for $33.515 million through a luxury auction. The sprawling 52-acre property had originally been listed at $125 million but failed to attract a buyer over two years. Multiple price reductions eventually led to the estate entering a competitive bidding process. The dramatic gap between the asking and final sale price reflects growing selectivity among ultra-wealthy buyers in the luxury real estate market. The deal stands as one of the more notable high-end property transactions in Aspen this year.

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