Ranch in Aspen Sells for $41 million

A property on the backside of Aspen Mountain sold for $41 million Monday, making it one of the most expensive real estate transactions in Pitkin County history,the  Aspen Daily News reported. Living up to its name, Jigsaw Ranch was sold in two different transactions; the 44-acre upper portion contains the main 12,247-square-foot residence which has six bedrooms and six baths and there is also a one-bedroom, one-bath gatehouse. That parcel sold for $27 million. The 23-acre lower estate and its 5,760-square-foot home, along with a 1,200-square-foot guest house and a log cabin, sold for $14 million.

The upper parcel was sold by Castle Creek LLC, whose officers are George Rosenthal and his son, Mark. They owned the ranch for 37 years and sold it because they were looking for other challenges, including building a yacht, says a Wall Street Journal article. They put the property up for sale for $48.5 million in 2011.

Across the ranch’s four homes, there are 12 bedrooms and 15 bathrooms. The two fireplaces in the main residence on the upper parcel alone are valued at about $89,000, and it has a nearly $49,000 home theater and a $29,000 Jacuzzi, according to county assessor records.