Luxury Real Estate Blog and News
Music-industry veteran Tommy Mottola is asking $27.5 million for his 324-acre ranch near Aspen, Colorado. He bought the property for $14.7 million in 2003.
This star-studded retreat remains one of America’s priciest real estate hotspots where the well-heeled cash in on a Gatsby-like vision of the American Dream. Aspen, a mountain town of approximately 6,000, is named after the abundance of aspen trees in the area, and was first founded as a mining camp during the Colorado Silver boom. Over the last century, however, the pristine alpine terrain and quaint village setting have become a popular resort and tourist destination. Visitors flock to Aspen’s award-winning ski slopes, its renowned film festival and cultural diversions, high-end shopping boutiques and myriad of fine-dining restaurants.