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Billy Macklowe asks $65M for Aspen triplex

Macklowe, wife purchased downtown penthouse in 2015 for $13M

Billy Macklowe must have been dreaming of a green Christmas.

The William Macklowe Company founder and his wife, entrepreneur and former hedge fund manager Julie Macklowe, listed their triplex penthouse in downtown Aspen just before the holiday for $65 million, the Wall Street Journal reported. The couple purchased the home at 508 East Cooper Avenue, above the Brunello Cucinelli retail store, in 2015 for $13.2 million.

The penthouse has 5,000 square feet of interior space, breaking the listing down to an even $13,000 per square foot. There’s plenty of outdoor space too, including five terraces comprising 1,700 square feet, including a rooftop with an outdoor kitchen, hot tub and fire pit.

Inside are four bedrooms, including one on the top floor that opens to a terrace. The listing boasts of high-end finishes and furnishings. The Rockies are never far from view, as big windows adorn every room.

The penthouse is accessible by a private elevator. The residence, a rarity in downtown Aspen, also has a private, one-car garage below ground.

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It’s not clear why the Macklowes are ready to part with their Aspen penthouse, other than the notion that they could get four times what they paid for it. Compass’ Steven Shane has the listing.

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Should the Macklowes sell their home in the Colorado ski community, they will have no shortage of places to go, particularly on the eastern seaboard. They have a Hamptons home in Sagaponack and a three-story apartment in Manhattan.

This winter, however, Aspen seems to be the place to be, and to sell. A limited liability company connected to Florida car dealership owner Terry Taylor is seeking the most expensive home sale in state history, listing his eight-acre property near downtown for $105 million several months ago.

The Taylor and Macklowe listings could be examples of aspirational pricing. Earlier in the year, Detroit manufacturing entrepreneur Joel Tauber and his family sold their mansion for $65 million after listing it for $100 million. The sale still set a downtown Aspen price record.

— Holden Walter-Warner

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Billy Macklowe
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AspenColoradoLuxury Real Estate