Australian billionaire James Packer and his ex-wife, Erica Packer, have offloaded their former Aspen family getaway at a sizable discount.
The mansion sold for US$42.68 million ($62 million), having originally been listed with a US$48.9 million ($71 million) asking price after spending five months on the market.
The former power couple reportedly bought the property for US$15.6 million ($22.67 million) in 2013.
According to The Wall Street Journal , Packer decided to sell the former family getaway because Erica and their children are now based in the UK.
Settlement documents cited by the outlet reveal the buyers are tech entrepreneur Alex Davis, the grandson of late billionaire Marvin Davis, and his wife, Lindsay Davis.
Marvin made his fortune in the oil industry before later purchasing film studio Twentieth Century Fox in 1981 and growing his business.
His grandson is the founder of Disruptive, a Dallas-based venture capital firm that has backed chip startup Groq and recently announced plans to raise up to US$10 billion ($14.55 billion) for a new fund.
The seven-bedroom property features eight bathrooms, timber and stone finishes, multiple chandeliers and soaring windows framing sweeping mountain views,
The Tuscan-inspired mansion, designed and constructed by Gregory Gozzo, is packed with resort-style amenities, including a pool, waterslide, hot tub and firepit.
Built in 2006, the sprawling residence occupies more than two acres in Aspen’s Buttermilk area, with 1400 square metres of living space.
Stephanie Lewis of Christie’s International Real Estate, who held the listing alongside Wendy Wogan, told The Wall Street Journal that demand for exceptional properties remained strong in the area, despite a softening market.
James and Erica first met in 2003 and married in 2007. They share three children and separated in 2013 after six years of marriage.
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