You’ll have to boast a particularly robust bank account to nab billionaire Bill Koch’s newly listed wintry Colorado retreat. The oil heir’s 52-acre estate, dubbed Elk Mountain Lodge, has hit the market for $125 million, according to the Wall Street Journal. Tucked away in a valley at the foot of the Elk Mountains about 10 miles outside of Aspen, the estate consists of a 16,600-square-foot main home and seven guest cabins. In total, we’re talking 14 bedrooms and 17 bathrooms spread across about 25,300 square feet. “You won’t find an opportunity to build this scale of square footage again in Aspen,” listing agent Steven Shane of Compass told Robb Report. “This is the ultimate multi-generational family legacy property.”
Koch has maintained the home since 2007, when he threw down $26.5 million for what was then an event venue on the site of a former dude ranch. He added on another 31 acres before listing the whole estate in 2015 for $100 million, though he was then only able to sell the 31-acre parcel, which went for $14.5 million in 2020. Since that time, the remaining property has been on and off the rental market, asking a whopping $35,000 per night.
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