Goldman Sachs CEO David Solomon is hoping to “sell the rip” in the suburban real estate market that has taken place as wealthy families move further out of major U.S. cities.
The investment banking CEO, who doubles as a nightclub DJ, is attempting to sell his massive estate in Aspen for the second time in 3 years.
The property was built to look like a typical log cabin, but features enormous outsized windows that open up to the view of “sweeping vistas”.
The 83 acre home has an “estimated value of $25 million” according to Bloomberg. Solomon has been speaking to potential buyers over the course of the summer, according to the report.
The property is 13,000 square feet and was completed in 2009 after Solomon purchased it in 2005 for $4 million. It boasts 7 full bathrooms and two half baths.
The property’s listing in 2017 called the house both “classy” and “comfortable”. It also has a cinema, pool, sauna and hot tub.
As we noted, Solomon is having his second go at trying to sell the property – recall, he tried to sell his home for $36 million back in 2017. Perhaps he is hoping to take advantage of a real estate market that is seeing an exodus from cities and crowded areas as a result of the coronavirus pandemic.
This shift seems to have lifted property values in Aspen. Bloomberg noted that the “dollar value of single-family home sales in Aspen surged 440% in August from a year earlier”.
Solomon was unable to find buyers at the $36 million listed price in 2017.
Perhaps with trillions of dollars in PPP money floating around the nation, he’ll have better luck this time.