Spice magnate spends $37.3M for former Sprint CEO neighbors Aspen teardown to protect his own views
Variety is the spice of life, but the Badia family would like to keep the status quo. At least, that’s when it comes to their Aspen home. Joseph A.Badia, the spice magnate whose products line shelves across America, bought out his Aspen neighbor’s $37.3 million teardown in order to preserve his own property’s natural beauty, the Wall Street Journal reported. The sale spans about 21 acres, including one vacant house and planning permission for two new 15,000-square-foot mansions. Badia’s neighbor, former Sprint CEO Marcelo Claure, bought the properties in 2020 with plans to build a family compound, the Journal reported.Badia and his wife Nancy purchased the neighboring six-bedroom house on 10 acres just last year for $18.5 million.AJ Morris and Craig Morris of Aspen Snowmass Sotheby’s International Realty represented Badia.
The magnate’s decision to snap up Claure’s splittable estate was to prevent its development, AJ told the outlet.“They did not want massive spec homes being built right next to their house that would impact their views tremendously, and also have a very negative impact on the natural beauty and elk migratory path,” AJ said. Claure, founder and CEO of Claure Group, purchased his scenic swath of land back in 2020.The Bolivian-American entrepreneur ultimately listed the property for $45 million in 2023 after his changing his plans for a family compound, according to the Journal.
Claure sold a different Aspen home for $18.5 million in the same year.The Badias’ acquisition of Claure’s property encompasses two parcels.One spans 10.5 acres and contains an existing 11,000-square-foot dwelling, plus plans for a new seven-bedroom property.
The other, a 10.8-acre piece of land, comes with plans for a five-bedroom home and equestrian facilities.The plans on offer made the listing especially valuable, given the surrounding county’s restrictions on development, seller’s broker Brittanie Rockhill told the Journal at the time of l...