$17.95 million Aspen estate is on the market after staying in one family for 70 years | PostIndependent.com

$17.95 million Aspen estate is on the market after staying in one family for 70 years

The roughly 6,800-square-foot mansion rests at the base of Red Mountain.

Photo courtesy of Mountain Home Photo

The 12-acre contemporary at 700 Nell Erickson Road is on the market for $17.95 million after Paula Zurcher, 90, decided to sell.

Zurcher is the daughter of Walter and Elizabeth Paepcke, who together in 1946 contributed to the development of downtown Aspen by founding The Aspen Skiing Company and created The Aspen Institute — now an international nonprofit think tank — three years later.

The Paepcke’s business endeavors in Aspen spawned after the family found the 400-acre gem 10 minutes from downtown during a mountain hike. The land was pared down as time wore on, starting when Walter died in 1960. When Elizabeth passed in 1994, the property was subdivided by her heirs.

What remains are four developed lots nestled in 51 common acres with caretakers for the entire ranch.

Full story at Denverpost.com.

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