Media tycoon Byron Allen sold his Aspen, Colorado, home for more than twice its original price four years ago, netting him a tidy profit in a quiet off-market transaction.
The business mogul, whose estimated net worth is $735 million, according to Bloomberg, recently sold the ultramodern home with seven bedrooms and eight bathrooms to an unidentified buyer for $60 million.
The Wall Street Journal claims that Allen, the founder of Allen Media Group, didn’t spend much time in the $27 million mountainside home he bought back in 2020 and ultimately sold it furnished.
Situated on a little less than an acre of land next to the Roaring Fork River on Aspen’s Red Mountain, the breathtaking property spans 8,737 square feet.
In the few years that Allen possessed the enormous stone mansion, several upgrades were made, including new lighting, audiovisual, and kitchen fixtures.
Completed in 2016 by David Johnston, a top Aspen architect, the contemporary dwelling showcases the natural surroundings right from the entry. A huge wall of 20-foot windows frames all four local, snow-capped ski mountains.
Two gorgeous fireplaces face each other from across the main level, offering the feel of a boutique alpine lodge. The Bulthaup kitchen has counter seating and is thoughtfully tucked behind sliding doors.
Luxe materials and finishes abound, including Waterworks fixtures, Creston lights, and attractive Colorado Buff sandstone. This particular building material has layers of beige, gold, and cream, which—along with the home’s neutral color palette— make perfect backdrop for an art collection.
Outdoor amenities include a motor court and decks with snowmelt tech (no slipping!), a lovely fireplace, heated pool, and an outdoor kitchen.
With the sale of this pretty perch, Allen, of course, has any number of other homes to turn to in New York, Hawaii, and Beverly Hills, CA.
Actually, he bought a $100 million mansion in Malibu with eight bedrooms and a view of Paradise Cove two years ago.
Additionally, Allen put his two nearby Beverly Hills, California, properties up for $40 million in May of this year.
Constructed in 1991, the more luxurious residence boasts 7,500 square feet, five bedrooms, and 5.5 bathrooms. Perched atop a hill, it boasts a spacious terrace, a curved infinity pool, and stunning views of Los Angeles.
The smaller home in the transaction is slightly over 3,000 square feet, with three bedrooms and three bathrooms. Built in 1951 in the Tudor style, this house has an on-site in-ground pool.
Allen is the CEO of Allen Media Group, the largest privately held media company in the U.S. It is estimated to be worth more than $4.5 billion. Among Allen’s holdings are the Weather Channel, 11 other cable networks, and close to 70 syndicated TV shows.