Bill Koch’s Aspen estate once asked $125M, now poised to sell for $33.5M

Billionaire Bill Koch's expansive Aspen estate has sold for $33.515 million after a luxury auction.

The property, initially listed at $125 million, struggled to find a buyer for two years.

After several price reductions, the 52-acre Elk Mountain Lodge went to a competitive bidding process.

This sale highlights shifts in the ultra-luxury housing market and buyer selectivity.

The transaction represents a notable luxury home sale in Aspen this year. ...