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John Paulson Lists His More Modest Aspen Home for $30M

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Location: Aspen, Colo.
Price: $29,900,000
The Skinny: Hedge fund manager John Paulson, who made most of his $11.2B fortune by shorting the sub-prime mortgage market, bought this extravagant Aspen home, dubbed Aspen Lakes Ranch, for $24.5M. Set on 8.4 acres, the 13,000-square-foot mansion was built on spec by a local developer, who included seven bedrooms, ten bathrooms, a stocked pond, a private sandy beach, and a guest house. Apparently, this wasn't quite enough for Paulson, his wife, and two daughters, who are now decamping for one of America's ultimate estates. Last summer, the family paid $49M for Saudi Prince Bandar's Hala Ranch, originally listed in 2006 for $135M, and renamed it Star Ranch. The 128-acre spread is centered around a giant, 56,000-square-foot main house, with 15 bedrooms, 16 bathrooms, barber shop and beauty salon, and a master suite that's said to be large enough "for a party for 450 people." Now, Paulson is looking to trade-in the ever so slightly more modest Aspen Lakes Ranch, John Paulson lists Aspen Lakes Ranch for cool $29.9 millionasking $29.9M. The family wouldn't be hurting too much, even if he had to keep both mountain getaways. After all, the hedge funder personally pocketed a record $4.9B in 2010.

· John Paulson lists Aspen Lakes Ranch for cool $29.9 million [Aspen Business Journal via Curbed Ski]
· Aspen Lakes Estate [Bowden]
· Prince Sells 90-Acre Aspen Ranch To Hedge Funder For $49M [Curbed National]