Deals for homes priced at $30 million and above have increased exponentially since 2020, thanks to tight inventory and building restrictionsMichael Klein wasn’t planning to sell the Aspen house he had just built—at least not yet. Chicago-based Klein, who invests in and develops high-end properties, was getting more than $300,000 a month for the roughly 9,000-square-foot home, which made him want to hang on to it.
In Klein’s case, the right price was $60 million. “It was an interesting enough offer that I took it,” said Klein, whose firm Michael Bennett Homes built the house after paying $2.85 million for the parcel in 2014. The buyer is fellow developer Carl Panattoni of Panattoni Development, according to a person familiar with the transaction.
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