Media Mogul Byron Allen Buys Aspen Estate for $91 Million

Comedian-turned-media mogul Byron Allen dropped over $90 million on the Aspen ultra-luxury market.

The “Comics Unleashed” host purchased a 1.7-acre estate at 76 Placer Lane on Red Mountain, often known as “Billionaire’s Mountain,” for $91.3 million, the Wall Street Journal reported. The seller was an entity tied to ProCaps Laboratories founder Andrew Lessman, who acquired the property in 2007 for $10.5 million. The home has 10 bedrooms and 12 bathrooms across 13,400 square feet.

The Allen Media Group founder sold his previous Aspen property two years ago in a $60 million off-market deal, more than double the $27 million he paid for it in 2020.

He sold the home because he claimed he wasn’t spending enough time there, Billionaires Africa reported. Allen has amassed a residential real estate portfolio in recent years that includes a $100 million mansion in Malibu and two adjacent homes in Beverly Hills that he bought for $32 million with plans to demolish and replace them with a 24,000 square-foot megamansion worth $150 million.

High-flying sales in Aspen are nothing new.

Recently, another Red Mountain estate owned by late art collector Melva Bucksbaum sold for $37 million, according to property records cited by the Wall Street Journal. The buyer in that transaction was an entity tied to Gabriel Gilinski, son of Colombian banking billionaire Jaime Gilinski Bacal.

The current price record for Aspen was set in 2024 when casino mogul Steve Wynn and businessman Thomas Peterffy joined forces to acquire an estate with Red Mountain views for $108 million.

California billionaires Stewart and Lynda Resnick are looking to blow that record out of the water, listing their property in the Colorado ski enclave for $300 million last summer. If the compound sells for anywhere close to that price, it would be not only the priciest sale in Aspen, but the entire country.

Home sales in Aspen were down 30 percent year over year in April, per Tim Estin data. The median price for a single-family home was $15 million during the first quarter of the year, down roughly 18 percent year over year.

— Chris Malone Méndez