With $5.9M Deal, Prince Bandar Unloads His Last Aspen Property
Prince Bandar bin-Sultan of Saudi Arabia has sold his final property in the Aspen area for nearly $5.9 million.
The Aspen Times reports the sale recorded Wednesday shows the property was sold to Australia-based LKM Family Trust.
The price tag of the 5,200-square-foot home was a far cry from that of the prince's previous Starwood sales. In 2007, he sold his 14,400-square-foot Starwood home for $36.5 million to Las Vegas and Florida real estate developer Jeffrey Soffer. He sold his Hala Ranch for $49 million to hedge-fund billionaire John Paulson in 2012.
The home in last week's sale was reportedly used to house an engineer for the properties.
Bandar, who was the Saudi ambassador to the U.S. from 1981 to 2005, has contributed major donations to nonprofits in Aspen.
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