Silver Lining Ranch in Aspen (Redfin, illustration from The Real Deal)
The silver lining for Aspen’s Silver Lining Ranch is the $69 million asking price, making it one of the top deals the luxury resort town has ever seen.
The sellers, according to the Wall Street Journal, are Elizabeth and John Burgess, co-founders of BC Partners, a British private equity firm.
Buyers are Meriwether Companies and Revere Capital, two real estate companies that recently bought the nearby Aspen Club. The health club will be transformed into a 144,000-square-foot dining, hospitality, fitness, health and wellness venue. As a result, the Silver Lining Ranch is rented out on a nightly basis to complement the club.
Silver Lining Ranch is an 18,000 square foot three story home. It has 10 bedrooms. The Burgesses bought the property in 2010 for $10.5 million.
Before the Burgesses, the Silver Lining Ranch was owned by the Little Star Foundation, which used it as a retreat for terminally ill children.
Despite its high price, the Silving Lining Ranch isn’t exactly the most expensive deal ever struck in Aspen. This award goes to a 2021 mansion sale by Lewis A. Sanders, founder and CEO of investment firm Sanders Capital, for $72.5 million. The buyer was Patrick Dovigi, a former Canadian ice hockey player.
Aspen has been home to a number of high-priced offerings this year. In September, William Wrigley Jr., heir to the Wrigley Gum fortune, sold his Aspen estate for $30 million. Earlier in June, billionaire Rob Walton, heir to the Walmart fortune, sold a piece of vacant land for a record-breaking $30.8 million. In July, a mansion built on the side of Aspen Mountain came on the market for a whopping $100 million.
– Sasha Jones
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