hala ranch

Most Expensive Zip Codes: 81611, Estate of the Day

Filed under: Estates

For the next couple of weeks we will be checking out some homes in the most expensive zip codes in the United States, up today, 81611 . This zip code encompasses the perennially fashionable ski town of Aspen, Colorado and has a median price of $1,630,000 with an appreciation rate of 184% since 1990. This scenic town caters to the some of the wealthiest snowbunnies in the world. It was in the real estate spotlight in 2006 when a Saudi prince put his home on the market for $135 million (he sold off smaller homes and later pulled his Hala Ranch off the market).

Today's home is listed at less than half of that estate and is still one of the most expensive in the nation. Elk Song Ranch is 67 acres of property that offers the ultimate in a quiet mountain getaway.The property includes a large pond and trails for horseback riding, snowmobiles and cross-country skiing. The home itself is 20,000 square feet with seven bedrooms, a large grat room with sunken bar, gourmet kitchen, formal dining room, exercise room, game room and a master suite that includes his and hers bathrooms, an office and outdoor space with a hot tub. The outdoor patios are large enough to host a wedding and as you might imagine, the views are tremendous. This home is listed at $$58 million.

Gallery: Most Expensive Zip Codes, 81611, Aspen, CO

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Tags: aspen, colorado, estate of the day, EstateOfTheDay, hala ranch, HalaRanch, luxury real estate, LuxuryRealEstate, most expensive zip codes, MostExpensiveZipCodes

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Saudi Prince Pulls His Aspen Home Off the Market

by Deidre Woollard (RSS feed) —

Filed under: Estates

One of the priciest homes for sale in the United States has been taken off the market. Saudi Prince Bandar bin Sultan has decided to keep the Hala Ranch near Aspen, Colorado, after finding no suitable offers for the home which was for sale for $135 million. The 56,000-square-foot mansion has been up for sale since 2006.

The Aspen Daily News reports that the news is good news to the many locals in the area who benefit when the Prince and his large entourage are in town. The Prince is said to be a generous tipper who has also employed many locals. He has also contributed toward non-proftis in the area.

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Tags: aspen, colorado real estate, ColoradoRealEstate, hala ranch, HalaRanch, prince bandar