Aspen home sells for $65M, well below $100M ask

Detroit manufacturing entrepreneur Joel Tauber sold the home to an unknown buyer

730 South Galena Street in Aspen (Compass, iStock)

730 South Galena Street in Aspen (Compass, iStock)

A luxe Aspen, Colorado, home sold for $65 million, a hefty price to be sure, but well below the $100 million it was listed for.

Detroit manufacturing entrepreneur Joel Tauber and his family sold the 10-bedroom, 11-bathroom mansion, which sits on 1.4 acres, to an unknown buyer, the Wall Street Journal reported.

Steven Shane of Compass had the listing.

The home, built in 1979 and renovated in 2015, is more than 14,000 square feet and is near the Little Nell ski run, about 100 yards from the gondola’s base. The home is accessible via an elevator and a short bridge that connects to the main entrance on the second floor. 

The two-story foyer resembles an upscale department store or hotel, with a large chandelier, wood-paneled walls and small balconies overlooking it from the floor above. The great room has a stained-glass ceiling and walls of windows and skylights that provide views of the surrounding mountain and downtown Aspen.

It has a slope-side ski room with lockers, 5,000 square feet of deck and patio space, a home gym, a media room and two kitchens.

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Even though the home was sold for well below its asking price, it still fetched far more than the $9 million that Tauber bought the property for back in 1996. And while it didn’t set an Aspen record (that belongs to former pro hockey player Patrick Dovigi’s purchase of a home for $72.5 million in 2021), the sale did set a record for downtown Aspen, according to the Journal.

While there has been a residential downturn, that’s not the case for trophy homes in Aspen.

In addition to his record purchase, Dovigi also sold an Aspen home for $55 million, $10.5 million more than he paid for it, in December 2022. 

Last September, William Wrigley Jr., the heir to the Wrigley Gum fortune, sold his Aspen estate for $30 million.

The 7,500-square-foot mansion was purchased by a trust tied to the Richter family. Wrigley is the great-grandson and namesake of William Wrigley Jr., who founded the chewing gum empire in 1891. The contemporary Wrigley Jr. is the former CEO of Wrigley Company, which Mars bought for $23 billion in 2008.

— Ted Glanzer