Media Mogul Byron Allen Sells $60 Million Aspen Mansion for More Than Double What He Paid in 2020

Media mogul Byron Allen has netted a very sweet payday in a quiet off-market deal that saw him offloading his Aspen, CO, home for more than double what he paid for it just four years ago.

The business titan—who has an estimated net worth of $735 million, per Bloomberg—recently sold the ultramodern seven-bedroom, eight-bathroom residence for $60 million to an anonymous buyer.

According to the Wall Street Journal, Allen, who is the founder of Allen Media Group, wasn’t spending much time in the mountainside residence, which he purchased for $27 million back in 2020, and ended up selling it fully furnished.

The stunning property is spread over 8,737 square feet and sits on just under an acre, near the Roaring Fork River in Aspen’s Red Mountain.

The massive stone mansion underwent some improvements in the few years that Allen owned it, including a new kitchen, lighting, and audiovisual systems.

Completed in 2016 by David Johnston, a top Aspen architect, the contemporary dwelling showcases the natural surroundings right from the entry. A huge wall of 20-foot windows frames all four local, snow-capped ski mountains.

Two gorgeous fireplaces face each other from across the main level, offering the feel of a boutique alpine lodge. The Bulthaup kitchen has counter seating and is thoughtfully tucked behind sliding doors.

Luxe materials and finishes abound, including Waterworks fixtures, Creston lights, and attractive Colorado Buff sandstone. This particular building material has layers of beige, gold, and cream, which—along with the home’s neutral color palette— make perfect backdrop for an art collection.

Outdoor amenities include a motor court and decks with snowmelt tech (no slipping!), a lovely fireplace, heated pool, and an outdoor kitchen.

With the sale of this pretty perch, Allen, of course, has any number of other homes to turn to in New York, Hawaii, and Beverly Hills, CA.

In fact, two years ago he snagged a $100 million Malibu estate with eight bedrooms, overlooking Paradise Cove.

And in May of this year, Allen listed his two neighboring properties in Beverly Hills, CA, for $40 million.

The more deluxe home, built in 1991, is 7,500 square feet, with five bedrooms and 5.5 baths. Sited on a hill, it features beautiful views of Los Angeles, a large terrace, and a curvy infinity pool.

The smaller abode in the deal has three bedrooms, three baths, and just over 3,000 square feet. This Tudor-style home was built in 1951 and boasts an in-ground pool on the property.

Allen is the CEO of Allen Media Group, the largest privately held media company in the U.S. It is estimated to be worth more than $4.5 billion. Among Allen’s holdings are the Weather Channel, 11 other cable networks, and close to 70 syndicated TV shows.