According to the Institute for Luxury Home Marketing, the Trinchera Ranch in Colorado was sold in November for $175 million setting a new U.S. residential sales record. The former record was $165 million paid for a Beverly Hills mansion once owned by William Randolph Hearst.
The Trinchera Ranch was purchased by billionaire hedge fund manager Louis Moore Bacon. According to the Futures Industry Association, Bacon is one of the top traders in the world.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
