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Reading: Patrick Dovigi sells Aspen house for $55M, turns main revenue
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Real Estate

Patrick Dovigi sells Aspen house for $55M, turns main revenue

Editorial Board
Editorial Board Published December 6, 2024
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Patrick Dovigi sells Aspen house for M, turns main revenue
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Within the spring, he bought one other Aspen mansion for $110 million, making a considerable revenue after buying the property for $72.5 million in 2021. In September, he acquired Jack Nicholson’s former property for $59.75 million in an off-market deal.

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Patrick Dovigi, former NHL goalie and entrepreneur, has as soon as once more made headlines for a serious actual property transaction in Aspen. In line with The Wall Road Journal, Dovigi lately bought the Colorado mansion he bought in April for $48.75 million, closing the deal at $55 million — turning a $6.25 million revenue.

The property, situated in downtown Aspen, was not listed in the marketplace, and the customer’s id stays undisclosed. Riley Warwick of Douglas Elliman brokered each side of the deal.

Dovigi, the founding father of environmental providers firm Inexperienced For Life (GFL) Environmental, bought the 8,000-square-foot property from longtime residents Ken and Sheri Alden Sack. Earlier than promoting, the Sacks renovated the house.

Dovigi made extra upgrades after buying the property, together with the addition of an eighth bed room, sources conversant in the transaction knowledgeable the WSJ.

This sale provides to Dovigi’s spectacular observe document in Aspen’s luxurious actual property market.

Patrick Dovigi sells Aspen house for M, turns main revenue

Jack Nicholson (Picture by FocKan/WireImage)

Within the spring, he bought one other Aspen mansion for $110 million, making a considerable revenue after buying the property for $72.5 million in 2021. In September, he acquired Jack Nicholson’s former property for $59.75 million in an off-market deal.

The WSJ reported that Aspen’s actual property market surged throughout the pandemic, with numerous transactions exceeding $30 million.

Within the first half of 2024, the market continued its upward pattern, with house gross sales rising 24 % in comparison with the identical interval in 2023. Single-family house costs additionally noticed a notable rise, climbing 19 % 12 months over 12 months.

E-mail Richelle Hammiel

TAGGED:55MAspenDovigihomeMajorPatrickprofitsellsTurns
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