A ranch that belongs to one of the founding families of Aspen just hit the market for $18 million - here's an inside look at the sprawling property

Erickson Ranch, an $18 million property, is located just 10 miles from the center of Aspen, Colorado, and its surrounding ski resorts. Aspen is a top-rated ski area, roughly 3.5 hours from the capital city of Denver.

Built on property owned by the Paepcke family, who spearheaded Aspen's ski resorts, the home sits on Lot 1 overlooking the common area. Each of the lots is roughly 12 acres in size.

Nestled at the base of Red Mountain, the ranch is rather remote, though it is still accessible by road. The mansion overlooks the ranch's wooded common area.

Erickson Ranch sits on an 11.79-acre lot.

The glass-front home, built in 2002, was designed by architect Harry Teague. The home spreads across a total of 6,802 square feet.

Inside the home, a spacious living room area offers plenty of seating. The massive room is complete with high ceilings, a fireplace, and a bay window bench seat.

Nearby is an artfully designed staircase that opens up to a second-floor balcony overlooking the surrounding forest.

Other outdoor features include the patio space, which is complete with a table for six and a large grill.

Meanwhile, the grand kitchen has tiled floors, granite countertops, and stainless steel appliances, including a massive stove surrounded by ample counter space.

The kitchen leads into the dining area, which has additional couch seating.

Each of the seven bedrooms offers different amenities ranging from a built-in fireplace ...

... and large windows that look directly out onto the mountain ...

... to wood-paneled ceilings and vintage furniture.

All five full baths include modern decorations and vary slightly in design.

The upstairs also features an office space with large bookshelves and plenty of desk space.

The mansion is near the estate's barn, which — along with the caretakers' house — is a shared element of the surrounding lots, all of which overlook the Red Mountain area.

Once a small mining town, Aspen is now home to countless other multimillion-dollar mansions. The area currently ranks as a top ski destination for the global ultra-prime market, according to previous reporting from Business Insider's Lina Batarags based on a Knight Frank report.

Alongside three other ski destinations — St. Moritz, Courchevel, and Gstaad — Aspen has "... seen at least three home sales over $25 million every year for the past three years running." Though its local population is small, it continues to be a haven for wealthy families and celebrities.

A ranch that belongs to one of the founding families of Aspen just hit the market for $18 million - here's an inside look at the sprawling property

Erickson Ranch, an $18 million property, is located just 10 miles from the center of Aspen, Colorado, and its surrounding ski resorts. Aspen is a top-rated ski area, roughly 3.5 hours from the capital city of Denver.

Built on property owned by the Paepcke family, who spearheaded Aspen's ski resorts, the home sits on Lot 1 overlooking the common area. Each of the lots is roughly 12 acres in size.

Nestled at the base of Red Mountain, the ranch is rather remote, though it is still accessible by road. The mansion overlooks the ranch's wooded common area.

Erickson Ranch sits on an 11.79-acre lot.

The glass-front home, built in 2002, was designed by architect Harry Teague. The home spreads across a total of 6,802 square feet.

Inside the home, a spacious living room area offers plenty of seating. The massive room is complete with high ceilings, a fireplace, and a bay window bench seat.

Nearby is an artfully designed staircase that opens up to a second-floor balcony overlooking the surrounding forest.

Other outdoor features include the patio space, which is complete with a table for six and a large grill.

Meanwhile, the grand kitchen has tiled floors, granite countertops, and stainless steel appliances, including a massive stove surrounded by ample counter space.

The kitchen leads into the dining area, which has additional couch seating.

Each of the seven bedrooms offers different amenities ranging from a built-in fireplace ...

... and large windows that look directly out onto the mountain ...

... to wood-paneled ceilings and vintage furniture.

All five full baths include modern decorations and vary slightly in design.

The upstairs also features an office space with large bookshelves and plenty of desk space.

The mansion is near the estate's barn, which — along with the caretakers' house — is a shared element of the surrounding lots, all of which overlook the Red Mountain area.

Once a small mining town, Aspen is now home to countless other multimillion-dollar mansions. The area currently ranks as a top ski destination for the global ultra-prime market, according to previous reporting from Business Insider's Lina Batarags based on a Knight Frank report.

Alongside three other ski destinations — St. Moritz, Courchevel, and Gstaad — Aspen has "... seen at least three home sales over $25 million every year for the past three years running." Though its local population is small, it continues to be a haven for wealthy families and celebrities.

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