Billionaire Bill Koch’s Aspen compound is heading to the auction block after failing to find a buyer.
The 52-acre Elk Mountain Lodge will be available for bids starting July 7, Bloomberg reported. The property was first listed in January 2025 for $125 million but a buyer never materialized, even after the list price was slashed to $99 million late last year.
The minimum bid on the property will be announced when real estate auction house Concierge Auctions opens the property to bidders.
Koch purchased the property in 2007 for roughly $26.5 million and converted a former event venue known as the Elk Mountain Lodge into his own private estate, Mansion Global reported. It was originally a homestead then a dude ranch before turning into a wedding and event space prior to Koch’s ownership.
The listing isn’t the first time Koch has tried to offload the property. In 2015, the Oxbow Carbon founder offered the home for $100 million before dropping the price to $80 million and then $60 million about a year later. He pulled it off the market in 2017.
The Elk Mountain Lodge property includes a 16,600-square-foot main house, seven cabins, two ponds and a riverfront. The main home has eight bedrooms, 30-foot ceilings and a formal dining room that opens out to a stone patio and pool deck overlooking one of the ponds. The cabins span a combined 10,000 square feet. One of them has been converted to a 3,100-square-foot gym. Other amenities on the property include two hot tubs, two offices, a wine cellar and an altitude acclimation room.
The auction will take place over 10 days on the firm’s website, co-founder and CEO Chad Roffers told Bloomberg.
Like other markets across the country, Aspen’s ultra-luxury real estate market has been booming since the pandemic. Total sales last year reached $2.5 billion, up 38 percent from a year earlier, according to Bloomberg. Overall sales softened in the first quarter, once again giving buyers the upper hand in transactions.
— Chris Malone Méndez
Read more
Residential
Denver
Bill Koch lists 52-acre estate in Aspen for $125M
Residential
Boston
Bill Koch lists Cape Cod home for $24M
New York
Billionaire Bill Koch relists home for $100M