Here’s something to chew on.
For the second time in less than a year, William Wrigley Jr. has sold property in Aspen, Colorado, the Wall Street Journal reported.
This time Wrigley sold two properties for a combined $30.75 million million, a hefty sum, but significantly less than the $54 million than their listing price last year, the outlet reported.
Douglas Elliman’s Riley Warwick represented the undisclosed buyer, while Steven Shane of Compass represented Wrigley.
One of the properties has a seven-bedroom, 6,300-square-foot home, which has a deck and a hot tub on about an acre. The second adjacent parcel is also an acre, but is not developed, according to the Journal, citing listings. The properties are in the Red Mountain area.
Warwick said the sale at a reduction price of some $23 million wasn’t indicative of the local market, but that the “seller was ready to move on,” according to the outlet.
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.
Wrigley has moved on from more than one Aspen holding. Last summer, Wrigley sold an Aspen estate with a 7,500-square-foot mansion for $30 million to trust tied to the Richter family.
Wrigley Jr. isn’t the only heir to invest in Aspen property. Billionaire Walmart heir Rob Walton sold a chunk of undeveloped land in the wealthy Colorado enclave for $30.8 million in June 2022 after giving up on plans to develop a mansion on the property.
That same month, Real Housewives star Kyle Richards and her husband Mauricio Umansky, who co-founded the Agency, listed their Aspen home for $9.75 million.
That listing price pales in comparison to the $100 million asking price of a mansion built next to Little Nell ski run. The estate hit the market in July, and would set a record if it sold at that price.
— Ted Glanzer