A massive stretch of land in north central Colorado has been purchased for nearly $31 million.
The property, belonging to Rob Walton, son of the founder of the Walmart Incorporated, is located near the edge of the Roaring Ford River just outside the city of Aspen, and includes a partially built mansion.
Walton, who is listed as one of the top 25 richest persons in the world, purchased the land some two decades ago for $9.1 million.
The sale, according to the website Mansionglobal, comprises “one of the highest prices ever paid for undeveloped land in the upscale Colorado ski destination.”
The transaction was handed by Aspen Snowmass Sotheby’s International Realty. According to news sources, new building permits for the site would have to be secured before any building on the site can occur.
Neither the fate of the uncompleted mansion, nor the new owner of the site, has yet been announced.
Walton, who was chairman of the Walmart company from 1992 to 2015 and additionally owns property in Paradise Valley, Arizona, as well as Hawaii’s Big Island, just recently purchased the Denver Broncos football team for $4.6 billion.
By Garry Boulard
