Hedge-fund billionaire John Paulson has purchased the famed Hala Ranch along with another property in Aspen for $49 million, according to people familiar with the matter.
The lavish ranch, sold by Saudi Prince Bandar bin Sultan, was once the most expensive estate ever listed in the U.S., with a price tag in 2006 of $135 million.
The property includes a main house with 15-bedrooms, 16-baths, and 56,000-square-feet. It also includes several side buildings, as well as a water-treatment plant, gas pumps and other high-tech features.
Mr. Paulson’s $49 million purchase included two properties — the 90-acre main property as well as a 38-acre property nearby called Bear Ranch. Bear Ranch and Hala Ranch together might have fetched more than $150 million in 2006 or 2007, according to Aspen real-estate experts.
Mr. Paulson, founder of hedge fund Paulson & Co., couldn’t immediately be reached for comment. The broker on the deal, Joshua Saslove, declined to comment on the identity of the buyer.