A historic 813 acre ranch, known as Aspen Valley Ranch, once listed for $88 million in 2008 sold for just $27 million. Despite price reductions over the years, the owner was unable to find a buyer and the lender, Alpine Bank, foreclosed on its loan in December 2012. An entity called AVR AH, LLC purchased the ranch from Alpine Bank, which closed on August 30, 2013.
Features of the ranch include a 5 bedroom/5+bath main house constructed in 2009, a ranch manager’s cabin, a barn, pastures, senior water rights, trails, and grand views in all directions of the Aspen Valley. Aspen Valley Ranch has historic significance because it has been a working ranch since the late 1800s and included a road dating back to that time that provided access to the public. The owners and the county reached a settlement to the dispute that required the owner to build two new public trails that bypassed the home sites and lead hikers and riders into the BLM land above the Aspen Valley Ranch.
According to Erik Berg, owner of Portfolio Aspen Properties, “the buyer of Aspen Valley Ranch got an exceptional one of a kind property at a bargain price.” He went on to note that “although it’s tough, if you are patient and persistent, you can still find great value in real estate deals in today’s market.”
For more information on Aspen and Roaring Fork Valley real estate or Portfolio Aspen Properties please call or email us.
About Portfolio Aspen Properties
Portfolio Aspen Properties draws from the largest and most comprehensive network of available homes in Aspen and the Roaring Fork Valley to make sure its clients see all of the properties that meet their criteria. Portfolio brokers deals for clients looking to buy Aspen property, sell Aspen property, and invest in Aspen property. The company also provides its clients with a diverse collection of high caliber luxury rental properties in the Aspen area.
Originally published in PRWeb.