$99 million Aspen ranch owned by billionaire set for public auction

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One of the American West’s most exclusive private estates is heading to auction, as billionaire William I. Koch will sell his Aspen ranch, Elk Mountain Lodge.

Located in Aspen’s Castle Creek Valley, the 52.2-acre property spans more than 25,000 square feet across eight buildings. At its center is a 16,631-square-foot main residence designed by Colorado-based architecture firm Rowland+Broughton, along with seven guest cabins and a fitness center.

Elk Mountain Lodge has 15 bedrooms, 17 full bathrooms and two half-baths.

The ranch features views of the Elk Mountain Range, two ponds, river frontage and an eight-car garage. The property is about 11 miles from downtown Aspen.

“I’ve seen firsthand how auctions can unlock extraordinary outcomes across art, wine and other one-of-a-kind holdings. The Aspen property has been an incredibly meaningful place for my family, but the time has come for someone else to enjoy it, and I look forward to seeing its next chapter unfold,” Koch said.

Koch is the founder of Oxbow Carbon LLC and a celebrated figure in the worlds of fine wine, art and competitive sailing, most notably winning the America’s Cup in 1992.

  • An exterior image of Elk Mountain Lodge at 125 Rooney...
    An exterior image of Elk Mountain Lodge at 125 Rooney Circle in Aspen’s Castle Creek Valley. (Photo courtesy of Shawn O’Connor)
  • An exterior image of Elk Mountain Lodge at 125 Rooney...
    An exterior image of Elk Mountain Lodge at 125 Rooney Circle in Aspen’s Castle Creek Valley. (Photo courtesy of Shawn O’Connor)
  • An interior image of Elk Mountain Lodge at 125 Rooney...
    An interior image of Elk Mountain Lodge at 125 Rooney Circle in Aspen’s Castle Creek Valley. (Photo courtesy of Shawn O’Connor)
  • An interior image of Elk Mountain Lodge at 125 Rooney...
    An interior image of Elk Mountain Lodge at 125 Rooney Circle in Aspen’s Castle Creek Valley. (Photo courtesy of Shawn O’Connor)
  • Bidding for Elk Mountain Lodge, at 125 Rooney Circle, is...
    Bidding for Elk Mountain Lodge, at 125 Rooney Circle, is scheduled to open July 7 and end on July 17 via conciergeauctions.com. (Photo courtesy of Shawn O’Connor)
  • An exterior image of Elk Mountain Lodge at 125 Rooney...
    An exterior image of Elk Mountain Lodge at 125 Rooney Circle in Aspen’s Castle Creek Valley. (Photo courtesy of Shawn O’Connor)
  • Listed for $99 million, Elk Mountain Lodge is located in...
    Listed for $99 million, Elk Mountain Lodge is located in Aspen’s Castle Creek Valley at 125 Rooney Circle. (Photo courtesy of Shawn O’Connor)
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An exterior image of Elk Mountain Lodge at 125 Rooney Circle in Aspen’s Castle Creek Valley. (Photo courtesy of Shawn O’Connor)
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Elk Mountain Lodge, at 125 Rooney Circle, is listed at $99 million and bidding is set to begin July 7 and conclude July 17 through Concierge Auctions’ online marketplace: conciergeauctions.com. The sale is being handled by Concierge Auctions in cooperation with Compass Real Estate Broker Steven Shane.

“Bill Koch has consistently demonstrated an extraordinary ability to identify, curate, and ultimately position rare assets for maximum interest,” Shane said.

“This unduplicatable ranch stands among the most significant property offerings in Aspen, not only because of its scale and craftsmanship, but because estates of this caliber and provenance simply cannot be replicated today.”

As part of Concierge Auctions’ Key For Key giving program in partnership with Giveback Homes, the closing will result in funding toward new homes built for families in need.

“This is exactly how sophisticated collectors transact the world’s most marquee assets. Bill Koch understands better than anyone that a defined timeline paired with global exposure is the most powerful strategy for truly one-of-a-kind assets like this one,” said Chad Roffers, CEO and co-founder of Concierge Auctions.

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