Cavan Images/Getty Images
- An anonymous buyer just purchased an empty 4.4-acre Aspen plot for $24.2 million, Mansions Global reports.
- The lot — previously a part of a massive 40-acre estate — broke several real-estate records, despite its lack of luxury housing.
- Located on Red Mountain, nicknamed Billionaire Mountain, the area is well-known for being a winter home to the rich and famous.
- Visit Business Insider’s homepage for more stories.
One of Aspen’s most expensive lots just sold — and it’s completely empty.
According to Mansions Global, the $24.2 million purchase in April broke two Aspen records: the most expensive empty residential lot ever sold and the highest residential sale so far in 2019. Purchased by an anonymous buyer, the 4.4-acre plot sits on Red Mountain, one of the most coveted locations in one of the most expensive ski towns.
Red Mountain, commonly referred to as "Billionaire Mountain," is a popular winter home for the rich and famous. High-profile residents include Walmart heiress Ann Walton Kroenke and hedge-fund manager John Paulson. Mansions Global reported that the property previously belonged to the massive 40-acre estate owned by Marian Rubey Lyeth Davis, whose family started the company that became Maxwell House Coffee.
The empty lot is just one example of prime Red Mountain real estate; an $18 million ranch owned by one of the ski town’s founding families was recently listed in March. While the listing includes a finished mansion, one of the property’s three other lots remains empty and is under construction for new development.
Additionally, the Aspen property was not the only vacant lot on the market: a similar multi-million-dollar chunk of land currently sits on a Los Angeles hilltop.
- A Beverly Hills mansion once owned by Cher is back on the market with a 44% discount — here’s a look inside the 11-bedroom, 17-bathroom estate
- Ralph Lauren just bought a charming Hamptons home for $16 million. Here’s a look inside the 4-bedroom house — and its 200 feet of oceanfront.
- A developer in Canada is offering a year’s worth of free avocado toast to anyone who buys a $300,000 condo, and it shows just how outrageous the ‘amenities war’ is getting