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Reading: Patrick Dovigi sells Aspen dwelling for $55M, turns main revenue
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Michigan Post > Blog > Real Estate > Patrick Dovigi sells Aspen dwelling for $55M, turns main revenue
Real Estate

Patrick Dovigi sells Aspen dwelling for $55M, turns main revenue

By Editorial Board Published December 6, 2024 3 Min Read
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Patrick Dovigi sells Aspen dwelling for M, turns main revenue

Within the spring, he bought one other Aspen mansion for $110 million, making a considerable revenue after buying the property for $72.5 million in 2021. In September, he acquired Jack Nicholson’s former property for $59.75 million in an off-market deal.

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Patrick Dovigi, former NHL goalie and entrepreneur, has as soon as once more made headlines for a significant actual property transaction in Aspen. In line with The Wall Road Journal, Dovigi lately bought the Colorado mansion he bought in April for $48.75 million, closing the deal at $55 million — turning a $6.25 million revenue.

The property, positioned in downtown Aspen, was not listed available on the market, and the client’s identification stays undisclosed. Riley Warwick of Douglas Elliman brokered either side of the deal.

Dovigi, the founding father of environmental providers firm Inexperienced For Life (GFL) Environmental, bought the 8,000-square-foot property from longtime residents Ken and Sheri Alden Sack. Earlier than promoting, the Sacks renovated the house.

Dovigi made further upgrades after buying the property, together with the addition of an eighth bed room, sources acquainted with the transaction knowledgeable the WSJ.

This sale provides to Dovigi’s spectacular monitor file in Aspen’s luxurious actual property market.

Jack Nicholson (Picture by FocKan/WireImage)

Within the spring, he bought one other Aspen mansion for $110 million, making a considerable revenue after buying the property for $72.5 million in 2021. In September, he acquired Jack Nicholson’s former property for $59.75 million in an off-market deal.

The WSJ reported that Aspen’s actual property market surged through the pandemic, with a lot of transactions exceeding $30 million.

Within the first half of 2024, the market continued its upward pattern, with dwelling gross sales growing 24 p.c in comparison with the identical interval in 2023. Single-family dwelling costs additionally noticed a notable rise, climbing 19 p.c yr over yr.

Electronic mail Richelle Hammiel

TAGGED:55MAspenDovigiHomemajorPatrickprofitsellsTurns
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