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Historic Aspen 'Compound' Downtown Sells for $16.25M

Last February, a cottage originally built in 1885 by Aspen's first "candy man" hit the market asking $17.9 million. It was a rare listing in the increasingly expensive world of Aspen real estate, two separately deeded homes on the 6,000-square-foot lot at the corner of Hopkins Avenue and Spring Street downtown. Julius Berg, a local confectioner, built the home during the silver mining boom and his descendants occupied it until 1971. An Aspen real estate development firm, Austin Lawrence Partners, purchased the property in 2010 and after a few years of work transformed the 5-bedroom, 8-bath property into a modern space with tons of windows. They even kept the cow shed as a wing on the new 5,000 square-foot addition. Proving that the Aspen real estate market is hotter than ever, the listing has sold just under asking price at $16.25 million.

· 635 E Hopkins Avenue 1 2, Aspen, CO 81611 [Zillow]
· Austin Lawrence Partners
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