Here’s something to chew on.
For the second time in less than a year, William Wrigley Jr. has sold his Aspen, Colorado home, The Wall Street Journal reports.
Wrigley sold the two properties for a combined $30.75 million, which is a lot of money but well below last year’s listing price of $54 million, according to the outlet.
Riley Warwick of Douglas Elliman represented the undisclosed buyer, while Steven Shane of Compass represented Wrigley.
One of the properties has a seven-bedroom, 6,300-square-foot home on about an acre with a patio and a hot tub. A second, adjacent lot, also on an acre, has yet to be developed, according to the Wall Street Journal, citing the listing. The properties are located in the Red Hill area.
Warwick said the sale at a reduced price of about $23 million was not representative of the local market, but according to the store, “sellers are ready to move on”.
Wrigley is the great-grandson and namesake of William Wrigley Jr., who founded the chewing gum empire in 1891. The contemporary Wrigley Jr. is the former CEO of Wrigley, which was acquired by Mars, Inc. in 2008 for $23 billion.
Wrigley has been transferred from more than one Aspen holding company. Last summer, Wrigley sold an Aspen estate and a 7,500-square-foot mansion to a trust tied to the Richter family for $30 million.
Wrigley Jr. isn’t the only heir investing in Aspen real estate. In June 2022, billionaire Walmart heir Rob Walton sold a chunk of undeveloped land in the Colorado enclave for $30.8 million after he abandoned plans to develop a luxury home on the land.
That same month, Real Housewives star Kyle Richards and her husband, Mauricio Umansky, listed their Aspen home for $9.75 million. Co-founder of the agency.
The listing pales in comparison to the $100 million asking price for a mansion built next to Little Nell’s ski slopes. The estate, which came on the market in July, would set a record if sold for that price.
— Ted Glazer
