After paying $30.9 million for a 7,150-square-foot home located at 550 Aspen Alps Road in December, fashion designer Tommy Hilfiger flipped the ski-in, ski-out Aspen property this week for $50 million, netting $19 million in the process.
The Aspen Times reports Hilfiger and his wife Dee Ocleppo didn’t intend on a quick resale for profit. The trophy home was meant to be a legacy property for their children and future generations but a motivated buyer with deep pockets was on the prowl for a ski home and made an offer that was hard to refuse:
“I guess everything has a price, and with a limited inventory you’ve got to get creative. So I asked Tommy and Dee if they would consider selling it, and they said it would have to be a very attractive price. I spoke with the buyer’s team and said we can pry this away from the existing homeowner, but it’s going to take a significant price for them to consider it. And after a couple of conversations back and forth, we agreed to a price.” –Steven Shane of Compass in Aspen
The deed of sale lists Silk Trail LLC as the buyer. Silk Trail LLC filed what’s called a statement of foreign entity authority with the Colorado secretary of state on Feb. 15, according to public records.
The Pitkin County housing marked is scorching hot right now with 55 real estate transactions (residential, commercial, ranch, etc.) through February 2022 netting an eye watering $559.9 million, up 23.9% over the first two months of 2021. Through February 2022 the average single-family home sale price in Aspen was $16.1 million. Unreal.
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images from thomasjhilfiger IG