John Paulson, famous hedge fund manager and founder of Paulson &Co. has reportedly listed his Aspen ranch estate for around $30 million. Paulson had grabbed real estate headlines when he purchased the Aspen estate for $24.5 million in 2010.
According to Curbed, the home is a 13,000 square feet mansion spread across an area of 8.4 acres. Located on Sunnyside Lane, just off McLain Flats, the home is surrounded with ponds stocked with trout, a waterfall, natural springs and a sandy beach too. The seven bedroom- ten bathroom home was built in 2000 by a local developer, Bob Bowden, who also happens to be the listing agent of the house. The home also has a 35 feet tall glass wall that opens into a 1000 square feet covered porch.
While its official listing calls it, "Possibly the most iconic home in the valley ... an irreplaceable estate, setting the standard in mountain modern living", the description on the Multiple Listing Service reads, "Every few years, a truly one-of-a-kind property comes along. This is it."
Check out the photos of the estate, here.
Now that Paulson is selling the estate, he will be moving into the Star Ranch, reports The Aspen Business Journal. The Star Ranch was initially called the Hala Ranch, which Paulson purchased from the Saudi Arabian Prince Bandar for around $49 million in 2012. That ranch is a huge estate with a main 56,000 square feet home comprising of 15 bedrooms and 16 bathrooms. The house is bigger than the White House and the estate has many other luxurious amenities like an indoor pool, a tennis court, ponds, sprawling greens, a large horse stable and a gas station too.
Paulson had risen to fame in 2007 when he bet against the subprime mortgage rates, helping his firm emerge unscathed by the housing crash. His net worth as of March, 2013 is around $11.2 billion.
But he has been struggling to make magic for long now. Though Paulson is an experienced investor, he recently lost a whopping 27 percent of his $700 million gold investment fund, making him the subject of harsh media speculation.
One Investment advisor even compared Paulson with Kim Kardashian, reports NASDAQ.
"This is no different than Kardashians, Hilton Sisters, Lohan - none of them are working actresses, models or performers of any kind with any body of work people are interested in - but people have been conditioned to click their names and prick up their ears when their exploits are being discussed. The shame of it is that Paulson is a real investor underneath all the sensationalism. He's been around for decades and has had solid success, despite the boom/bust cycle he's now enduring," Joshua Brown, a financial advisor wrote in "The Reformed Broker" blog.
