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.
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