Aspen Estate of 90 Acres Lists for $48.5 Million
February 28, 2011 - Colorado
By Juliet Chung and Candace Jackson from The Wall Street Journal Asia
Jigsaw Ranch, a 90-acre Aspen, Colo., estate, has listed for $48.5 million. The property is owned by George I. Rosenthal and Mark A. Rosenthal, the father and son behind Raleigh Enterprises, which owns and operates commercial real estate, hotels, movie and TV studio complexes, and Rosenthal Estate Wines.
Located near the Aspen ski area, the property has two main houses, a guest house and a log cabin gatehouse. The largest of the main houses, which took nearly 15 years to complete, was just recently finished and was designed to look like a perched village.
It has 21,000 square feet, five bedroom suites and 10 baths. The second main has 11,000 square feet and an entrance reached from a walking bridge across a creek.
Joshua Saslove of Joshua & Co, a Christie's International Real Estate affiliate, has the listing. George Rosenthal, who is based in Los Angeles, says he's selling because "it's time for me to go on and look at other challenges," including building a yacht. The family has owned the property for 37 years.
This article has been republished from Wall Street Journal
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