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Prince Takes $135M Estate Off Market

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[November 23, 2007]  ASPEN, Colo. (AP) -- A Saudi prince who put a $135 million price tag on his Aspen-area estate has now taken the property off the market because he got no suitable offers, his attorney and agent said.

Prince Bandar bin Sultan, the former Saudi ambassador to the U.S., put the 90-acre ranch and 56,000-square-foot mansion up for sale in 2006. Real estate experts had said at the time that the headline-grabbing asking price -- if someone could be found to pay it -- could set a U.S. record.

Attorney William Jordan III, who represents Bandar's local interests, told the Aspen Daily News in a story published Thursday that Bandar and his family have decided to keep the estate.

No one had made an offer that was acceptable to Bandar, real estate broker Joshua Saslove said.

The mountain property features a 56,000-square foot palace with 15 bedrooms, 16 bathrooms, a racquetball court and an indoor pool. The prince wanted to sell because he was too busy to enjoy it, Saslove said last year.

Bandar served as ambassador to the United States from 1983 to 2005. He is now head of Saudi Arabia's National Security Council.

[Associated Press]

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