Vail’s iconic 375 Mill Creek Circle chalet sells sight unseen for the record-breaking price of $24,000,000

Bari Wiens

08/1/20

  PRESS RELEASE

Tye Stockton 375 Mill Creek CIrcle

 

Vail, Colo., August 6, 2020 – Vail’s premier ski-in/ski-out chalet is officially off the market. 375 Mill Creek Circle, which was listed by LIV Sotheby’s International Realty broker, Tye Stockton, sold last month for the record-breaking price of $24,000,000.  

This iconic estate, which was originally listed for $26,000,000, is the highest-priced sale ever recorded as of July 2020 by the Vail Board of Realtors. With this sale, Stockton has impressively broken his own record which he set with the $23,000,000 sale of 107 Rockledge Road in 2018.

What’s even more notable than this extremely significant price point is the way in which the home was marketed and sold. Incredibly, the buyer, who is based in Paris, France, purchased this home without ever seeing it in person thanks to The Stockton Group’s innovative technology strategy developed for this remarkable estate.

Utilizing the best digital tools the industry has to offer, The Stockton Group made this sale possible through the use of high-definition videography, 3D virtual tours, personalized walkthroughs of the home via video chat, and rich professional photography. The Stockton Group also tapped into the global Sotheby’s International Realty network to market to potential buyers from around the world.

“Of all the home sites in Vail, 375 Mill Creek Circle is without a doubt the premier ski-in/ski-out location. With The Stockton Group’s exceptional photography, a 3D virtual walkthrough tour and video of the home, in combination with our global marketing strategy fueled by Sotheby’s International Realty’s global reach, we were able to capture the attention of a buyer on the other side of the world,” explained Stockton. “A great home like this on Mill Creek Circle only comes along once in a while. Fortunately, the buyers embraced the technology and purchased this home sight unseen.”

Through breathtaking visuals and engaging content, this special buyer was inspired to take action and purchase their dream home. These world-class technological offerings allow consumers to make a connection with a property, even from afar. In today’s digitally driven world, having the right assets can make all the difference.

“When the buyers closed on the home, they felt like they knew the home. They felt very comfortable closing on the home never having been here in person to see it,” said Stockton.

The European-style chalet is one of just 14 true ski-in/ski-out properties in Vail Village. The homesite is situated on a plot of land that was hand-picked by one of the original investors of Vail for its unparalleled location, premier access to Vail’s legendary ski slopes, and awe-inspiring views of the Gore Range. Highly coveted legacy properties, such as 375 Mill Creek Circle, are rarely available on the market, which makes this sale that much more momentous.

Throughout the home, deluxe finishes including rare wood harvested from Hawaii, limestone floors, and hand-trough Venetian plaster walls create a luxurious but welcoming ambiance. Bonus features that make this magnificent estate truly one-of-a-kind include a custom ski locker room outfitted for the entire family and a year-round swimming pool with access from the indoors.

The Stockton Group, a team of LIV SIR brokers servicing the resort communities with a focus on the Vail Valley, are no strangers to selling luxury listings of this caliber. Recently, the team was ranked 25 in the Small Team category by volume within the 2020 REAL Trends “The Thousand,” an annual report which recognizes the top 1,000 independent real estate agents and teams in the United States. The Stockton Group was also ranked the No.1 real estate team in the Vail Valley for 2018 and 2019, has closed nearly $1.3 billion in career sales. Tye Stockton, who leads the team, was named the No.1 broker in the Vail Valley for 2018 and 2019.

For more information about this home or for assistance buying or selling in the Vail Valley, contact The Stockton Group by calling 970.470.6212 or visiting thestocktongroupvail.com.

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