Industry News

Saudi prince selling Aspen estate for $135 million

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A Saudi prince is selling his sprawling home in the Aspen, Colo., area for $135 million -- the highest list price for a U.S. home. Laurie Moore-Moore, founder and president of The Institute for Luxury Home Marketing, said in a statement, "The current world record for the most expensive residence was set in 2004 when a London home sold for $128 million. While Prince Bandar's property may break that record, don't look for it to happen quickly. Despite the increase of personal wealth worldwide, there are few buyers internationally who are in a position to purchase a property of this magnitude." Donald Trump is selling an estate in Palm Beach, Fla., for $125 million -- this oceanfront property was the previous U.S. record-holder for highest list price. Saudi Arabian Prince Bandar bin Sultan bin Abdul Aziz, who had served as the ambassador of Saudi Arabia to the United States from 1983-2005, is putting his 56,000-square-foot home on the market. The home, which sits on 95 acres, has 15 bedr...