Billionaire Hedge Fund Manager Sells Smaller Ranch For $29.9m

Billionaire John Paulson, who last year acquired the largest residential property in Aspen, Colorado, is selling his smaller, 13,000-square-foot home there.

Bloomberg reports that Paulson is seeking $29.9m for the property known as Aspen Lakes Ranch, a 22% markup from what he paid in June 2010 to buy the house off McLain Flats Road, according to a listing for the property.

'Every few years, a truly one-of-a-kind property comes along. This is it', the listing by Aspen brokerage Bowden Properties reads.

The 8.4 acre (3-hectare) estate includes the home and 9,200 square feet (855 square meters) of patios, according to the listing. The main house, with seven bedrooms, seven bathrooms and a movie theater, is surrounded by 'stocked ponds with year-round natural springs', waterfalls and a private sand beach.

The sales listing comes almost a year after John Paulson bought Hala Ranch, a 90-acre property in Aspen that belonged to Saudi Prince Bandar bin Sultan, and a separate site for a combined $49m.

Hit the link below to access the complete Bloomberg article:

Billionaire Paulson Lists Aspen Ranch for $29.9 Million

No Lehman Moments as Biggest Banks Deemed Too Big to Fail

F&C Drops in London as Dutch Insurer Pulls $16 Billion of Assets

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News