The pair are in contract to pay $110 million for Patrick Dovigi’s mansion, which he bought for $72.5 million in 2021 A home in Aspen, Colo., is in contract to sell for $110 million. By E.B. Solomont April 1, 2024 2:22 pm ET For the first time ever, a home in Aspen, Colo., is slated to sell for more than $100 million. Former casino mogul Steve Wynn and financier Thomas Peterffy are in contract to buy a mansion overlooking downtown Aspen for $110 million, according to people familiar with the deal. The seller is Patrick Dovigi, the Canadian professional hockey player turned entrepreneur, who paid $72.5 million for the property in 2021. The total value of the off-market deal is $127 million, including the home’s contents, art and other considerations. The property spans 4½ acres with a heated outdoor pool. PHOTO: DAVID O. MARLOW Aspen’s luxury real-estate market has experienced a meteoric rise since 2020, with an explosion of deals north of $30 million. But until now the tony ski destination had yet to see a nine-figure deal, unlike New York, Los Angeles and Palm Beach, where $100 million-plus deals have surged in recent years. The priciest Aspen sale to date was Terry Taylor’s purchase last year of a ski-in, ski-out mansion for $76 million. The home sits at the base of Red Mountain. PHOTO: FERNANDA DOVIGI/FMD DESIGN It isn’t clear why Wynn and Peterffy, a pioneer of computerized stock trading, are buying a home together. The two, both major GOP donors who owned homes not far from each other in Palm Beach, are said to be friends. Built in 2006, the Dovigi compound sits on about 4 ½ acres at the base of Aspen’s Red Mountain. It spans roughly 22,000 square feet with 11 bedrooms between the main residence and a guesthouse, and there is a heated outdoor pool and a garage. After buying the property, Dovigi and his wife, designer Fernanda Dovigi, redecorated the home. Riley Warwick of Douglas Elliman represented both sides of the deal. Thomas Peterffy, left, and Steve Wynn are buying the house together.PHOTOS FROM LEFT: BRENDAN MCDERMID/REUTERS; CHIP SOMODEVILLA/GETTY IMAGES Dovigi, founder of the environmental services and waste-management company Green For Life Environmental, has been a prolific buyer and seller of Aspen real estate. In 2022, he sold an Aspen home for $55 million, $10.5 million more than he paid a year prior, records show. Patrick Dovigi PHOTO: RICHARD DREW/ASSOCIATED PRESS Dovigi is now in contract to buy a recently renovated house in downtown Aspen for north of $40 million, according to sources familiar with the deal. The sellers are longtime Aspen residents Ken Sack and his wife Sheri Alden Sack, who own an organic farm in Colorado. Ken Sack previously owned a pharmacy services company. Peterffy is founder and chairman of Connecticut-based security brokerage firm Interactive Brokers Group. Wynn resigned as chairman and chief executive of Wynn Resorts in 2018. Last year, Wynn agreed to an effective ban from Nevada’s gambling industry in a settlement over his alleged sexual misconduct against former employees, which he has denied, The Wall Street Journal reported. Wynn and Peterffy each have multiple other homes. Wynn has an apartment in New York City, while his house in Beverly Hills, Calif., is listed for $65 million. Last year, he sold a house in Palm Beach for $66 million. Peterffy has a house in Palm Beach that sits on nearly six waterfront acres, records show. Warwick is also representing Dovigi in his purchase of the downtown residence. Blake Appleby of Compass is representing the Sacks.
whats the maintenance costs on these places? I was looking to buy in a mountain resort-y town but there were a bunch of huge houses, all empty for 99% of the year. Seemed like everyone was a transient. No perm residents
Ridiculous price. Normally you can always say the price is due to location but here the land can't be too expensive.
%% ADDING to the complexity all the ''art'' included RE market/ they always pay UP for mountain views + water front or even water view LOL. Done that 2; but not buyin' seller'$ ''art'' AND ''contract pending''= not the same @ all as closed contract . May close anyway LOL