By Libertina Brandt

A riverfront home in Aspen, Colo., is going on the market for $58.5 million.

The sellers are retired real-estate developers Jeff Grinspoon and his husband, Jon Foley. The pair bought the land in 2014 for $4.375 million and demolished the existing 1960s house. "It was a split level, Brady Bunch-style house," said Grinspoon. They built this five-bedroom home, completing it in 2017, and have used it as a full-time residence since then.

The nearly 1-acre property is on the Roaring Fork River about 2 miles from downtown Aspen. The home's style draws from industrial architecture; in the great room, they repurposed a factory boiler-room door as a whiskey bar, according to Foley. "It's a beautiful piece of massive industrial metal," he said.

The home has a gym with a locker room and a patio, which they use for outdoor exercise. The vintage lockers are around 100 years old and came from a country club in France. "They even have these drains for your umbrellas," said Foley.

The grounds also contain a hot tub and a bridge that leads to a small island, where a covered patio is used for yoga and dinner parties.

They declined to comment on the cost of building the new house.

Grinspoon and Foley collect industrial antiques, displaying mining carts and aircraft-carrier chains on the grounds of the property. A 12-ton, 350-million-year-old petrified mass of tree roots is mounted on a rotating table. Installing it required a crane so large that Foley and Grinspoon had to shut down the road, according to Foley. "The crane came on three tractor trailers," he said.

The antiques aren't included in the sale price but are up for negotiation, according to Foley.

The couple, who moved to Aspen from Chicago in 2014, plan to split their time between a farm they bought in Colorado and a home in Montecito, Calif., according to Grinspoon.

Grinspoon and Foley worked in the multifamily-and-condominium sector of the real-estate industry before retiring about five years ago. In 2004, they built their former Chicago home, selling it in 2018 for just over $3 million.

Market Snapshot

Foley and Grinspoon built their home before Aspen's recent market explosion, according to listing agent Chris Souki with Compass. So far this year, there have been four home sales in Aspen that were over $50 million, he said. Last year, a roughly 22,400-square-foot home sold for $108 million, setting a state record.

(END) Dow Jones Newswires

June 17, 2025 15:30 ET (19:30 GMT)

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