Aspen Penthouse Fetches Nearly $9 Million More Than It Sold for Last Year


Aspen Penthouse Fetches Nearly $9 Million More Than It Sold for Last Year

A penthouse in downtown Aspen, Colo., has sold for $25.875 million, nearly $9 million more than its most recent sale price last year, according to the seller’s agent, Lane Johnson of Compass.

According to public records, the seller was an LLC linked to Florida-based businessman Scott Palmer Fuhrman, which had purchased the 3-bedroom condo in December 2021 for $17.5 million. The buyer couldn’t be determined.

Mr. Fuhrman didn’t respond to a request for comment.

Mr. Johnson declined to comment on the identity of his client but said after buying it, the client rented out the unit for about $85,000 a month. His client received an unsolicited offer to sell the property, and accepted. The condo went into contract earlier this year with the understanding that it wouldn’t close until the tenant’s lease was up, Mr. Johnson said.

The unit, which spans about 3,500 square feet, has mountain views and a private terrace, where Mr. Johnson said there have been talks to install a hot tub.

Since the penthouse went under contract, the Aspen market has softened as a result of economic uncertainty. But according to Mr. Johnson, the buyer went forward with the deal because of the scarcity of penthouses in downtown Aspen.

“Aspen will always appreciate,” he said. “There are peaks and valleys, highs and lows, but over time, if you’re not forced to sell here, Aspen will always be an appreciating asset.”

Mr. Fuhrman is a scion of Lakewood Organic, a Florida-based company that produces and sells fruit juice products, according to the company’s website. He is also a former Democratic candidate for the U.S. House of Representatives.

The buyer was represented by Doug Leibinger of Compass.

In November, the number of sales in Aspen was down year-over-year but the median sale price climbed 4.6% to $4.5 million, according to Redfin, a real-estate brokerage and data company.

By: Libertina Brandt I The Wall Street Journal I December 2022

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