Berlins Today
Billionaire James Packer and his ex-wife Erica have banked an eye-watering windfall after offloading their mountain retreat in Aspen for $62m. While the Tuscan-style estate took a $9m cut from its original $71m ($US48.9m) asking price, the former couple still walked away with a massive profit. They bought the Colorado property in 2013 for $22.67m, meaning the $62m sale nearly tripled their initial investment.
Packer decided to sell after Erica and their three children relocated to Britain, The Wall Street Journal reports. MORE: ‘Dragged through s***’: Child star’s life at 21 Unrecognisable Little Rascals star’s sad life 52yo Bear Grylls backflips, now lives ‘crazy’ James Packer and his ex-wife Erica have offloaded their mountain retreat in Aspen for $62m. Picture: Supplied The buyer has been revealed as tech entrepreneur Alex Davis and his wife Lindsay.
Mr Davis, the grandson of late oil tycoon and 20th Century Fox owner Marvin Davis, is the founder of Dallas venture-capital firm Disruptive. Occupying more than 0.8ha in Aspen’s Buttermilk enclave, the 1400sq m custom-built compound features seven bedrooms, eight bathrooms and soaring mountain views. Packer and his ex-wife Erica in 2012.
Picture: Cameron Spencer/Getty Images Outside, the grounds double as a private resort, boasting a swimming pool with a waterslide, hot tub and stone firepit. Christie’s International Real Estate co-listing agent Stephanie Lewis said buyer appetite for top-tier Aspen homes had held firm despite broader market cooling. “While we’ve seen some softening in lower price ranges, demand for truly exceptional properties remains strong,” Ms Lewis said.
James and Erica married in 2007 and had three children before separating in 2013 after six years of marriage. The split with Erica sparked a turbulent period in Packer’s personal life The pair were photographed trading punches on the footpath outside Packer’s Sydney home before being hit with $500 police fines. The pair bought the Colorado property in 2013 for $22.67m.
Picture: Instagram His personal life remained in the spotlight in 2016 when he proposed to pop superstar Mariah Carey with a colossal 35-carat diamond ring. The romance imploded within nine months, sparking a bitter multimillion-dollar settlement. Behind the scenes, Packer was privately drowning under billions of dollars in debt following payouts from his late father Kerry Packer’s estate, while bleeding cash on his Hollywood venture RatPac.
“I was at a low point in my personal life,” Packer told The Weekend Australian in 2017. “Documenting the negotiations with my sister was taking longer than expected. Brett Ratner put Mariah and me together.
James Packer with Mariah Carey. Picture: Instagram “She was kind, exciting and fun. Mariah is a woman of substance.
She is very bright. But it was a mistake for her and a mistake for me.” The aftermath of the Carey bust-up plunged Packer into severe depression, prompting him to step away from his empire and retreat from public view in 2018. The Aspen Lodge became his personal refuge while battling his mental health demons.
Packer with new wife Kylie Lim. Picture: Instagram Packer has since rebuilt his life, quietly tying the knot with Canadian model Kylie Lim aboard his superyacht off the coast of Sardinia. The Aspen sale is just the latest shuffle in Packer’s global luxury property empire, spanning trophy compounds across Los Angeles, Sydney, Mexico and Argentina.
Last year, the gaming mogul made headlines with a record $174m ($US110m) purchase of the former Bel-Air estate belonging to supermodels Gigi and Bella Hadid. The compound features 10 bedrooms, 15 bathrooms, and two swimming pools. MORE: ‘I’m lost’: Pamela Anderson’s life alone at 59 Inside bitter $6.5bn feud that split Packers ‘Blown out of proportion’: 90s star hits back Need to talk to someone?
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Source: Real Estate
