Tuesday, July 10, 2007

Aspen's $3-million Fractional

Not only is the priciest home in the U.S. in Aspen, Colorado, so is the most expensive fractional. The Residences at The Little Nell recently sold two 1-month fractional 4-bedroom condos for $3-million. (You are guaranteed four weeks a year, with a chance for two more if they are available.) The news followed on the heels of a New York Times Page One story about a former Saudi ambassador's home on a nearby hill being offered at $135-million. Of course, it does have 16 bathrooms and 15 bedrooms. Do I hear an opening bid?

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