Best Of Forbes 2023: Real Estate
0:00 Inside A $20 Million Colorado Ranch
6:50 How A College Dropout Built A $2.9 Billion Real Estate Empire
16:27 Inside a $100 Million Colorado Mountain Home With Private Ski Access
19:56 Meet Jeff Bezos’ New Neighbors On Miami’s Billionaire’s Bunker
30:07 Inside a $11.9 Million Colorado Mountain Home With A Private Ski Run
37:01 Kendall Roy’s New York City Penthouse On ‘Succession’ Is Listed For $29 Million
6:50 How A College Dropout Built A $2.9 Billion Real Estate Empire
16:27 Inside a $100 Million Colorado Mountain Home With Private Ski Access
19:56 Meet Jeff Bezos’ New Neighbors On Miami’s Billionaire’s Bunker
30:07 Inside a $11.9 Million Colorado Mountain Home With A Private Ski Run
37:01 Kendall Roy’s New York City Penthouse On ‘Succession’ Is Listed For $29 Million
Transcript
00:00 We're at 1904 Sendero Verde in Colorado.
00:09 This house spans over 14,000 square feet.
00:13 It has six bedrooms, seven full baths, and two half baths.
00:17 The house sits on 145 acres, but they're close-in acres.
00:24 It takes 15 minutes to get to Beaver Creek to ski, 25 minutes to get to Vail.
00:30 You're shopping at the grocery store in 12 minutes.
00:33 It's close to all the conveniences that you would want, and yet you're totally secluded
00:39 in private.
00:41 The private driveway is magnificent.
00:45 As you crest the mountain, you see the Gore Range, you'll see the Sewatch Mountain Range,
00:51 and you see the beautiful house with a really long porch overlooking a fire pit and the
00:58 pond.
00:59 All the trees, it's breathtaking.
01:03 You walk in the front door, the wood trusses are from Aragonese wood.
01:07 They were brought in from Austria.
01:09 The floors are reclaimed wood floors from Austria.
01:13 All the trim has been wire brushed, which gives it a really unique finish.
01:18 There's not really a style to this house.
01:21 This house is timeless.
01:23 The home was built for entertaining and family.
01:27 The first thing you do is enter the front door and look out this enormous window that's
01:32 overlooking the Sewatch Mountain Range.
01:34 It's an enormous living room.
01:37 They've put a two-story stone fireplace between the living room and the family room.
01:45 There's two openings on each side of the fireplace with pocket doors, so if you've got a bunch
01:49 of kids or teenagers and half the people want to be in one room, they can pull the pocket
01:54 doors closed, still have the same fireplace, still feel that they're close to each other,
01:59 but have the privacy that they want.
02:02 The kitchen is enormous with huge windows with views, a big pantry.
02:07 There's a bar in the family room.
02:09 It's got its own refrigerator, its own dishwasher.
02:11 I mean, everything is set up for entertaining and to make life easy.
02:15 There's an enormous island that you can display all the food on.
02:18 You can have great buffets.
02:21 It's very functional for catering or for just a family that's cooking for themselves.
02:31 As you leave the family room, you'll continue down a hallway to the primary suite.
02:36 It has a fireplace, automatic blinds that come down that are hidden in the wood trusses,
02:42 enormous closets, enormous bathroom, again, windows in every single area all the way across.
02:50 There's a whole coffee bar back there.
02:52 There's an enormous window over the sinks that's across from the shower that you can
02:59 watch the wildlife walk by.
03:01 And then off the bathroom are two room-sized closets, one of them opening out to the fenced
03:08 area for the pets.
03:12 There's a private staircase or elevator that'll lead to the three bedrooms upstairs or downstairs
03:18 to a bunk room and a theater room.
03:20 The four-tiered iron custom-made light fixture is truly a statement piece in the stairwell.
03:29 There are three en suite bedrooms upstairs with their own balconies, large picture windows
03:34 to capture the view of the pond and the mountains.
03:38 It's a wonderful, warm and private experience for your guests.
03:42 Through a secondary staircase, you can reach the sixth bedroom, very large, windows on
03:49 two walls viewing both of the mountain ranges.
03:52 It also can be used as an office.
03:58 You can take the staircase or the elevator to the lower level.
04:01 There you'll find a very large media room, lots of chairs, sofas, every video you could
04:07 imagine.
04:08 It'll hold 20 or 25 people.
04:11 To the right is a bunk room with its own private bath, window.
04:16 Down the hallway, you'll have a small kitchenette.
04:19 And then you'll continue down the hallway for all of the systems that run the house.
04:27 This house fully sustains its own water because it has five wells on the property.
04:34 In Colorado, water is a premium.
04:36 We have a storage facility that will hold the water, then it sends it to the house.
04:42 The water is purified.
04:44 Some of the water goes into reverse osmosis.
04:47 Some is used for irrigation.
04:50 And the rest is just runs the water system in the house.
04:57 When the owners bought this piece of property, they bought it because they felt it was the
05:03 true Colorado experience.
05:06 You got everything here.
05:07 You got the wild animals, the views, the peace and quiet.
05:14 They wanted to be sure that they had it where no matter what window, what room you were
05:18 in, you saw the magnificent views of the mountains.
05:23 So in the summer, wildflowers abound.
05:27 You can go and paddleboard on the lake.
05:29 There's a fire pit in the evenings as it gets cooler to sit around.
05:34 Then you start hiking on the trails.
05:36 And what they did, as the aspens would die, the caretaker would take these trees and build
05:43 places for you to hike to.
05:45 There's a cabin on one.
05:47 There's a really neat castle that you can hike to and take picnics.
05:52 And the animal watching is amazing.
05:55 It's the true Colorado experience.
05:57 Being here in the trees with the animals, quiet, nothing human around.
06:03 The animals are so amazing that the owner hired a professional photographer to come
06:11 on his property for two years, day and night, and photograph the wildlife that he saw.
06:18 And then they put a book together.
06:23 It is the Colorado experience.
06:25 You can't imagine that in the world that we live in today with airplanes and buses and
06:30 cars and people running so fast that you can drive 12 minutes out of Edwards, Colorado
06:37 and be in a place as secluded, as private, as quiet, and yet with the most spectacular
06:45 views that I've ever seen in a home.
06:52 I was always intrigued about real estate and investing in real estate.
06:57 I'd read articles.
06:58 When I was 13 years old, I bought my own subscription to Wall Street Journal.
07:01 And so it did interest me, a possible career in real estate.
07:05 But I really didn't know which direction I wanted to go until really I was in high school
07:09 and first year of college.
07:11 My name is Roy Carroll, and I'm the CEO/President of the Carroll Companies.
07:15 [Music]
07:29 Growing up as a very lower middle class upbringing, both my parents worked.
07:33 My father's a meat cutter, grocery store man.
07:35 He did a little bit of remodeling on the side.
07:38 So I'd go help him, you know, after school and on weekends with remodel jobs.
07:42 So that's how I got my hands in construction a little bit.
07:46 We actually lived in rental homes.
07:48 We didn't even own our own homes.
07:50 I was in high school.
07:51 After my father bought his first house, he decided to buy some more rental homes and
07:55 get an opportunity to buy two homes up in Danville, Virginia.
07:59 And I'd saved up money mowing lawns, doing odd jobs and such.
08:02 And so I'd saved $1,000.
08:04 And so this is a very modest home.
08:07 And so he asked me if I wanted to buy the one home.
08:10 And so I put $1,000 down and owner finance, I think that's $4,000 or so.
08:15 So it's a $5,000 home.
08:17 And I rented it for a year and sold it for a profit to buy a car, which is a bad investment
08:23 because cars depreciate value, right?
08:25 I should have kept that house.
08:29 So I was in college and my father got laid off from his grocery store business after
08:33 20 some years.
08:34 It was the early 80s.
08:35 Terrible time to go into real estate.
08:37 Interest rates were very high.
08:38 But we had some friends that wanted a house built.
08:40 And so they knew my father had done some renovations on the side.
08:44 So they asked my father if he wanted to build their house.
08:48 I was going to school here locally.
08:49 And so I would help after school and on weekends.
08:53 And he and I did a lot of the work hands on.
08:55 And when I say did the work, we nailed the nails and swept the floors and did things
08:59 like that and built the first house.
09:02 And by the time we'd finished that home, actually had another set of friends that said, hey,
09:06 you did a good job with that home.
09:07 Why don't you, would you be interested in building us a home?
09:09 And so after building the second house, he and I kind of sat down and said, you know,
09:14 we may be able to make a career out of this.
09:16 And so we formed our little company and started doing custom homes on scattered lots around
09:22 the Greensboro area.
09:24 We kind of divvied up the worlds.
09:25 He would run the crews on the job site more so.
09:28 And I would do more of the estimating and selections with the customers.
09:33 You know, we still both got out there and drove nails at the end of the day.
09:36 So it was very rewarding and everything that those early years starting the business with
09:40 my father.
09:43 Real estate business has a lot of risk associated.
09:47 And from the first year that we started the business, we decided that we would, my father
09:52 had a little bit of retirement savings that he'd lived on.
09:54 I was a college student, so it didn't take much for me to live on.
09:57 So we decided we'd pay ourselves once a year at the end of the year.
10:00 So we basically put a third of the profits back into the business to grow it.
10:05 And we'll each take a third.
10:06 And so as long as he was in the business up until the early nineties, that's the way we
10:10 paid ourselves.
10:11 And so I think that was one of the things that kind of was a catalyst for us to be as
10:16 successful as we were.
10:18 It's just that very conservative approach, which I carry on today.
10:21 We've got a Hyatt Place Hotel right downtown.
10:25 We've have 300 apartments associated with it.
10:27 We're getting ready to start up AC Hotel across the street from it.
10:30 Rooftop restaurant, another 300 apartment associated.
10:34 We've got, I don't know how many beef steaks we have in town here.
10:37 And whenever we start a new venture, new project, new idea, we always like to try it out in
10:42 our backyard where we can kind of tweak it a little bit, get the formula just right before
10:46 we take it on the road.
10:49 We're always looking for markets that are emerging and areas where there's new growth
10:53 and opportunity.
10:55 And we're also looking for value.
10:57 We're not going to go out there and be the guys that bid and pay top dollar for a real
11:02 estate asset.
11:04 We really beat the bushes hard, so to speak, and try to find value and then try to add
11:08 to that value by executing in the vertical construction or if it's an existing building,
11:14 we will go in and renovate and invest dollars in to reposition it to a nice place.
11:21 Well, remodeling a building, it's a lot more brain damage associated because you don't
11:26 know what you're going to get into.
11:27 And the building we're sitting in here, 17 story buildings, old Wachovia Bank building.
11:32 It was built between '63 and '64 and then it was basically abandoned in the early '80s.
11:38 And so it had gone through bankruptcy a couple times and insurance company next door, Lincoln
11:43 Financial, had purchased the building and they really purchased it to protect their
11:47 assets because they own several buildings downtown and several other properties.
11:52 And this is kind of sitting in the middle of them.
11:54 And so I met with the CEO of the company and convinced him that we could execute this project.
11:58 It turned into something that Greensboro would be proud of.
12:02 And so we lined up that we're going to do condos.
12:04 This is mid to 2005, 2006, we're doing the planning.
12:10 People lined up to buy condos from us.
12:13 And so we started construction.
12:14 We had about half the condos pre-sold.
12:17 And then 2008 hit.
12:18 In 2009, you were hearing just about every day about a developer who did a condo project
12:24 and they got sideways and they were turning it back over to the bank.
12:28 And I told people, I said, "I will not give this building back to the bank.
12:31 I was speaking to the CFO one morning and I said, "I think it would help us sell more
12:37 condos and just take that cloud from over the Carroll Companies if we just paid off
12:42 this building."
12:43 In hindsight, it was one of the smartest things we could have done because word got on the
12:46 street that that's how we conduct business.
12:48 We're not going to walk away from one of our obligations.
12:51 And we never reduced the price of one condo in this building and we're close to sold out
12:58 and everything.
13:00 And I live here so all my neighbors are happy with me because I didn't reduce the price
13:03 or give it back to the bank.
13:05 So it turned out well for everyone here.
13:08 Well, self-storage is kind of like a close cousin to multifamily anyways, the way I see
13:18 it.
13:19 And a lot of our communities, we already had garages, we had storage units on site.
13:22 So I studied the business and I said, "Let's come up with something that's a little bit
13:26 unique."
13:27 We have some really good self-storage operators out there today.
13:30 And so we came up with the Be Safe brand and where we tried to position Be Safe is that
13:36 it is top end of the market.
13:39 Our lighting's a little brighter.
13:41 We temper the temperatures inside a little bit more than most self-storage operators.
13:46 And we put a lot of money in the exterior facade.
13:48 All of our exteriors in the Be Safe are stone and brick and they really look like an office
13:53 building so they fit in well in the upscale communities that we're trying to be in.
13:57 And so that's been a good business model for us.
14:00 And we're spread out pretty much everywhere where we're already with the multifamily.
14:04 We're also looking to put Be Safe self-storage facilities.
14:14 Car storage is something that we've studied.
14:17 There's a number of different variations of car storage across the country.
14:21 Where we're a little bit different and we're doing it instead of doing like a condo or
14:24 one big open space where we're placing cars in a big open room.
14:29 These are individualized two-story units that we lease.
14:33 We give you an upfit allowance where you can personalize it.
14:36 Whatever theme you want to come up with.
14:38 I'm into cars a little bit.
14:41 Some collecting and thought it would go well with some of the other car events that I attend
14:48 and be able to promote it with some of our Be Safe racing.
14:54 I guess about five years ago I bought a Ferrari Challenge car and would take it up.
14:58 There's a racetrack about an hour north of here in Virginia.
15:02 And was running it around one day and a race team was looking to form down in Charlotte
15:08 and asked me if I'd be interested in joining them on a Ferrari Challenge series.
15:13 And so I said sure.
15:15 And so one thing led to another and joined the team and met a lot of great people.
15:21 Getting involved with that, it's great to be involved with Ferrari.
15:24 It's helped us brand.
15:25 It's also helped with employee engagement.
15:27 Carroll Companies, several employees like to follow our racing program.
15:32 It's great that it's kind of pulled a lot of our Carroll Companies employees together
15:36 and everything around the racing program.
15:39 We had a car in Le Mans this year, partnered with Ferrari.
15:42 The Ferrari Racing Program built a Ferrari 488 GTE for us to run in Le Mans.
15:49 And we had a good experience with that.
15:51 Came in fifth in our class.
15:52 So we'll be back at some point in the future and be on the podium one day.
16:00 Well this community Greensboro has been very good to me and my family over the years obviously.
16:04 And so you know we're very blessed to be able to give back to the community.
16:08 And it is rewarding to look out the window of our home here and see various projects
16:13 we have ongoing.
16:15 Sometimes I look out the window and see something though that hey that needs to be changed.
16:19 Greensboro is a beautiful place.
16:21 It's a great place to live, great place to grow up and real blessed to be here.
16:36 Welcome to 730 South Galena Street in Aspen, Colorado.
16:41 Currently on the market for $100 million.
16:47 If sold at this price, the house can be the most expensive single-family home ever sold
16:52 in Colorado real estate history.
16:57 The house sits on 1.4 acres of land and boasts 10 bedrooms, 12 bathrooms and over 14,000
17:04 square feet.
17:05 But the most significant feature on the property is the 100 yards of private ski in, ski out
17:11 access on legendary Aspen Mountain.
17:20 To enter guests use a standalone private elevator which takes you from street level to a bridge
17:26 that leads to the front of the house.
17:29 Through the homes oversized carved wood doors is the spacious grand entryway.
17:48 This home was built with hosting in mind.
17:51 The main floor features a full kitchen, living room, open bar space and 360 degree views
17:58 of the mountains and downtown Aspen.
18:04 No detail was spared in the design of the home from the wood burning fireplaces to the
18:09 custom stained glass ceiling and even the heated bridge walkway.
18:19 The primary suite is also located on the main floor featuring a home office to walk in closets
18:25 and a luxurious bathroom.
18:34 The main floor is wrapped in a deck with multiple sitting areas to take in the Aspen views.
18:46 One level below the main floor you will find the home gym and the ski locker room with
18:50 direct access to the little Nell ski run.
19:01 Private ski in, ski out access is an exclusive feature in the town as there are only five
19:06 single family homes that sit directly on Aspen Mountain.
19:15 The house features a section not unlike a hotel with nine bedrooms each with their own
19:20 bathrooms, a second kitchen and a media room.
19:26 The home was renovated in 2015 but pays homage to its 1979 style by keeping one bedroom in
19:32 its original design.
19:47 This expansive home is truly a unique property in the city of Aspen.
19:58 Indian Creek is a 294 acre man-made barrier island with just 41 homes all on one road,
20:05 Indian Creek Island Road.
20:07 The population is tallied at a total of just 84 people in the last census which includes
20:11 a host of high profile residents and billionaire landowners.
20:18 Hi everybody I'm Jacques Moutonnini, a reporter here at Forbes.
20:21 Today I'm joined by my colleague Phoebe Liu who recently penned an article about Indian
20:25 Creek Island, a luxurious billionaire bunker in Miami.
20:29 Hi Phoebe, welcome, how are you?
20:30 Hi Jacques, I'm good, thank you for having me.
20:33 So Forbes has published various articles about millionaires and billionaires on Indian Creek.
20:39 Can you tell me a little bit more about the article and sort of what prompted it?
20:43 Yeah, so I guess Indian Creek is a man-made island as you said off the coast of Miami.
20:48 It was originally I guess built in the early 1900s when they dredged the bay that it's
20:56 bordering and no one really lived there for a long time.
21:00 During the Great Depression all these really wealthy people from out of town were like
21:04 let's go make a retreat for ourselves when everyone's suffering on this island.
21:10 So in the 1930s they kind of built it out with the 41 homes, they made like a country
21:15 club and a golf course and incorporated it in 1939.
21:20 So ever since then it's kind of been branded this exclusive getaway for really wealthy
21:27 people slash famous people kind of looking for a place to be I guess if that makes sense.
21:34 Yeah, so I guess the reason we decided to look into this again right now is because
21:40 Amazon's Jeff Bezos, currently the world's third richest person, announced earlier this
21:47 month that he was moving to Miami and had recently purchased two really expensive properties
21:53 in this very exclusive island.
21:56 Can you kind of say more about why specifically this place?
21:59 Yeah, so you know we wrote this article together and the privacy I think is the biggest draw,
22:06 right?
22:07 There's only one road, one small bridge in and out of the island which is guarded by
22:12 the police force of the island which is very small.
22:15 And another potential reason could be taxes, right?
22:18 Florida has no state income tax, has no state capital gains tax unlike the state of Washington
22:23 where Bezos has obviously resided for a long time.
22:26 However, you know a lot of these very wealthy billionaires are so wealthy they don't necessarily
22:32 see the tax benefits as a reason.
22:35 But when you look at Bezos, right, who does sell stock in Amazon from time to time, the
22:40 capital gains tax burden is definitely a consideration.
22:45 So while we're on the topic of Jeff Bezos, Phoebe, that was sort of the reason for this
22:49 article.
22:50 What are some of the other reasons he moved there?
22:52 Sort of what else is surrounding this decision?
22:54 Yeah, so I guess I think on November 2nd he made this really sentimental Instagram post
23:00 showing the first place he moved to when he founded Amazon in Seattle and saying that
23:06 it had basically been really good to him but he was moving because he was essentially returning
23:13 to his roots.
23:14 He went to high school there and his family, he said his parents live there and his partner
23:18 Lauren Sanchez spends a lot of time in Miami and loves Miami.
23:21 So he made this really sentimental post saying that he was moving for personal reasons which
23:26 of course is a factor and people have been like, oh we really respect someone who wants
23:31 to be with their family.
23:33 But of course other people have speculated that it's because of tax reasons.
23:39 Interestingly I guess, I think exactly a week after he announced that, he registered to
23:43 vote in Florida which is I guess a way of proving that you live there and that's one
23:50 of the things that would make you pay Florida taxes.
23:54 Not saying that this is necessarily the reason but speculation wise, like Washington State
23:59 recently implemented a I think 7% capital gains tax.
24:04 Over the course of Bezos' lifetime he had sold I think 27 billion worth of Amazon stock
24:12 and if that capital gains tax had been in effect that entire time that's like 2 billion
24:17 in taxes that he would have had to pay.
24:21 And that new 7% tax went into effect at the beginning of 2022 and I guess interestingly
24:29 enough this could be coincidence but the last time Bezos sold Amazon stock was at the very
24:33 end of 2021 and he's basically only gifted stock since then.
24:39 And I think CNBC reported citing anonymous sources but saying that Bezos could be or
24:46 is thinking about selling more Amazon stock soon which kind of the timing all coincides
24:52 so that definitely could be a reason but again at the end of the day he has so much money
24:57 that taxes really shouldn't matter but that's like something people have been speculating.
25:03 Right and of course Bezos is not the only very wealthy resident on the island.
25:09 You know we reported the story, we looked at several other people who are very wealthy
25:13 that we know live on the island, perhaps most famously Jared Kushner and Ivanka Trump, Tom
25:20 Brady but if we're looking right at the sort of the higher end of the net worth scale we
25:23 have Carl Icahn, car dealership tycoon Norman Bromman whose wife Irma actually serves on
25:31 the four-member town council on Indian Creek.
25:35 We have the Emir of Qatar also reportedly lives there and several other billionaires
25:41 you know airline mogul Rakesh Gangwal as well several other billionaires and they all own
25:50 you know about you know one property each generally right we have Bezos too.
25:54 Then we have Jaime Galinsky-Bacal who is a Colombian billionaire who owns the highest
26:01 number with five properties and has sort of gradually built up his holdings on the island
26:06 over the years and I think one thing we found with Bezos as well right is that frequently
26:14 in almost actually all of the cases these properties are not owned directly in their
26:18 names right they're owned through LLCs, through trusts and when we were reporting on the story
26:25 right we were trying to figure out okay we believe these properties are owned by Bezos
26:30 but how do we actually prove it because his name isn't in the documents but we use sort
26:35 of a combination of deed records right in Miami-Dade County, corporate registries right
26:42 in Florida and offshore entities for some of the other billionaires and wealthy people
26:47 who own homes there and then also sort of just good old-fashioned reporting right talking
26:52 to sources who know the island well and others who helped us together put together the fact
27:00 that all these individuals own these homes right.
27:04 There are others that we're still looking into and it's really interesting to see sort
27:09 of the breadth I think of the kinds of people who own homes here you have the billionaires
27:13 we mentioned we also have you know a wealthy Haitian businessman, we have a Serbian media
27:19 tycoon, and other people who while being wealthy probably aren't on our list of billionaires
27:28 right so it's really interesting to see the kinds of people who own homes there when they
27:33 bought it right people who bought 10-20 years ago paid a lot less than Bezos did and you
27:41 know I also wanted to talk a little bit about sort of what are the reasons right that people
27:50 might own these through LLCs or trusts.
27:53 Yeah so you can definitely say more about this as well but from talking to some real
27:59 estate sources in the area and otherwise they've been saying that these kind of really wealthy
28:06 really famous people trying to buy this increasingly expensive property I think property prices
28:12 on the island have more than doubled in the last 10 years something like that they've
28:18 like increasingly wanted privacy I guess in part to prevent people like us from writing
28:23 about where they live and tracking them in that way so I think at least one of Bezos'
28:32 property sales on Indian Creek Island was reportedly off market and people who work
28:40 in the industry have said that it's been increasingly common to as you said earlier like not list
28:46 someone's name at all like anywhere in the documents and it's just making it harder to
28:52 track because it's tying in with the theme of the island being kind of a private and
28:57 exclusive getaway.
28:58 Yeah and sometimes it takes in one case we look at court filings to be able to confirm
29:03 because there was a court case between a contractor and the LLC that owned it and we can figure
29:07 out that way and obviously right LLCs have the privacy right that we talked about and
29:12 I think with the trusts from what we found in our reporting depending on what kind of
29:17 trust they are can also have some other benefits for the owners right in terms of potentially
29:22 shielding the asset from creditors or anyone else who might you know be able to take over
29:27 that asset or something to go wrong and also potentially some tax benefits right in terms
29:32 of inheritance and the like if they're passing it on to their children.
29:36 So it's been great talking to you Phoebe and talking more about the story.
29:41 My last question is you know given everything we've talked about in the story and what we've
29:45 found out would you want to live on Indian Creek Island?
29:49 Yeah absolutely not.
29:53 For one could not afford a house on the island.
29:56 And I guess not really looking for privacy.
30:00 It would be cool for reporting in terms of getting to see what these people that we cover
30:06 do on the island but yeah other than that no.
30:13 Perched at the top of one of the most desirable neighborhoods in Breckenridge Colorado is
30:18 457 Timber Trail Road.
30:21 This home is offered on the market at $11.9 million.
30:29 My name is Kate Jablonski with Slifer Smith & Frampton Real Estate and I am a part of
30:34 Team Moore who is the listing broker for this property.
30:40 This home spans over 9,000 square feet with seven en suite bedrooms and a total of eight
30:47 and a half bathrooms.
30:49 Stylistically this is a traditional mountain home featuring vaulted ceilings, exposed beams,
30:58 golden teak hardwood floors and mahogany finishes throughout.
31:05 As soon as you walk through the front door you're greeted with a two story foyer with
31:11 a rotunda staircase with a wrought iron handrail and then right off the main entrance is the
31:19 quintessential ski room for all things you need including a beverage cooler, a tuning
31:25 bench and ample ski storage.
31:28 From the ski room down the hallway is the large great room with a wall of windows and
31:36 a double sided fireplace and that flows into the dining room that has views of peak 8 and
31:45 the Breckenridge ski area.
31:50 The kitchen features an oversized kitchen island, double thick granite countertops and high
31:58 end appliances perfect for entertaining all of your guests.
32:02 It also features a great breakfast nook to fuel up a morning before you hit the slopes.
32:10 The other wing of the home features the main floor primary bedroom which includes a gas
32:16 fireplace, access to the deck that overlooks your private ski run, a massive walk in closet
32:26 with your own washer and dryer, the spacious en suite bathroom includes a jetted tub and
32:33 steam shower.
32:35 You can wake up in the morning and enjoy a fresh cup of coffee directly in your primary
32:40 suite via the wet bar while overlooking the private ski run.
32:46 Another place to entertain is the billiards room where you can enjoy a game of pool while
32:52 overlooking the private ski run and the twinkling lights of downtown Breckenridge.
33:07 As you make your way up the grand staircase you'll find two additional bedrooms both with
33:12 en suite bathrooms that truly feel like primary suites for all of your guests.
33:19 From here you can take your private in home elevator down two stories to the lower level.
33:26 The lower level of this home is truly a place to entertain all of your friends and family.
33:31 The classic three tiered movie theater features leather reclining chairs, a massive projected
33:39 movie screen and a surround sound system.
33:44 The centerpiece of the lower level is this gorgeous walk behind bar with old recycled
33:50 tin from Breckenridge.
33:53 Off the entertaining spaces are two bunk rooms.
33:57 There's enough sleeping space to host even the largest of gatherings.
34:08 The beauty of this home is that it's directly on the Breckenridge ski resort where you can
34:14 access all levels of terrain.
34:17 So right in your backyard you have the world class Breckenridge ski resort.
34:22 You don't have to deal with the lines of the gondola, the buses, you can seriously be in
34:29 and out in five minutes.
34:33 So the Breckenridge ski resort is actually located on 99% national forest so to have
34:39 a true ski in ski out single family home is very rare in this area.
34:44 There's only about two neighborhoods in the whole town that actually have true ski in
34:49 ski out access.
34:51 From the Timber Trail neighborhood that we're in there is only six home sites that are actually
34:57 on the ski run.
34:59 The Breckenridge ski resort caters to everyone from beginners to expert and advanced skiers
35:06 and snowboarders.
35:08 The ski resort also has the Imperial chairlift which is iconic as being the highest chairlift
35:16 in North America.
35:24 The wonderful thing about Breckenridge is the weather.
35:27 If we're not getting fresh snow it's typically a sunny day with bluebird skies and not a
35:33 cloud in sight.
35:35 The town itself is great, it actually has a really rich history of mining.
35:40 It was founded as a mining town during the 1880s with the gold rush and a lot of Main
35:47 Street is lined with a lot of historical buildings that really make it unique.
35:54 The town offers great five star restaurants, really creative and unique shopping and it
36:02 boasts some great places to enjoy other activities other than skiing.
36:09 Dog sledding, sledding, ice skating, winter activities for all ages.
36:17 You know the local saying is come for the winters stay for the summers because this
36:22 really has become a year-round destination.
36:25 Other than the amazing winters we have, the summers you can you know watch all the wildflowers,
36:32 hike, bike, paddleboard on the lake, fly fish and raft down the roaring rivers as well as
36:41 see some great foliage in the fall.
36:44 There's also a complimentary shuttle for this neighborhood so Breckenridge really takes
36:49 pride in the town as well as being a destination.
36:55 This legacy estate is the epitome of a luxury mountain retreat.
37:04 Kendall Roy's New York City penthouse on Succession is listed for $29 million.
37:11 Want to live like a member of the Roy family?
37:14 As Succession season four continues, viewers get an even deeper glimpse into the lives
37:19 of the ultra wealthy Roy family, including their homes.
37:23 While it was only on screen for a few seconds, the Manhattan penthouse of Kendall Roy showcased
37:28 his glamorous living quarters.
37:31 The new Waystar Royco CEO's fictional home is on the market in real life for a cool $29
37:37 million.
37:39 The triplex Manhattan penthouse is located in the swanky Upper East Side residential
37:43 tower 180 East 88th Street.
37:47 The 5,508 square foot unit has five bedrooms, four bathrooms and two half bathrooms.
37:54 The modern penthouse has high ceilings reaching up to 28 feet, floor to ceiling windows encircling
38:00 each room and a sculptural spiral staircase that connects the levels.
38:06 Views stretch far across Manhattan overlooking Central Park and the city skyline.
38:11 This home is truly fit for a billionaire.
38:15 The penthouse's main and lowest level features an airy living room, dining room and a kitchen
38:20 outfitted by Molteni and Cidada with Statario marble countertops and Gaggenau appliances.
38:28 This floor also has a den that could be used as a studio, personal office, extra bedroom
38:33 or library.
38:35 The second floor houses the bedrooms, including the spacious primary suite with a gas fireplace,
38:40 lager terrace overlooking Central Park, a dressing room and a spa-like bathroom.
38:46 The bathroom has travertine slabs, mosaic-accented walls and flooring, oak cabinetry, honed Bianco
38:53 Grigio marble countertops, a rain shower and cove lighting.
38:58 The light herringbone floors throughout the home give it a bright, upscale feel.
39:04 The other bedrooms share a lager terrace that overlooks the eastern cityscape and bridges.
39:09 The third floor is where you can find the sprawling rooftop terrace, spanning 2,100
39:14 square feet with panoramic city views and an extra powder room for guests.
39:20 The terrace hovers 467 feet over the city and is divided into two areas.
39:26 For added convenience, an elevator services all three floors.
39:30 The building has just 47 condo residences and there's a 24-hour doorman, concierge services
39:37 and a whopping eight floors of amenities like a fitness studio, double-height basketball
39:42 court, soccer pitch, playroom, game room, residence lounge with a catering kitchen,
39:47 wine storage and bike storage.
39:50 This tower is the highest residential tower north of 72nd Street on the city's Upper
39:55 East Side, making this the highest unit in this area as well.
40:00 Just steps from the tower's Carnegie Hill location is fabulous shopping and dining,
40:04 though the area benefits from a safe and quiet residential location between Lexington and
40:08 Third Avenue.
40:11 This isn't the first time that Succession has depicted swoon-worthy real estate.
40:15 Last season, the family traveled to Italy for the late Logan Roy's ex-wife, Carolyn
40:20 Collingwood's wedding.
40:22 There, the HBO show showcased two spectacular Italian villas, Settinale and Villa La Cassinella.
40:30 In addition to the many Hamptons and New York City properties already shown on the show,
40:35 it's likely that real estate lovers are in for a treat for the rest of this final season.
40:39 [music]