Colorado property originally listed for $50 million.

After languishing on the market for more than two years, a choice Fryingpan Valley property sold at a 65-percent discount. Known as the Peace Ranch, the 610-acre Rocky Mountain getaway includes five houses totaling 11,000 square feet, all of which are new or recently remodeled. Other amenities include an indoor riding arena, four stocked trout ponds, numerous trails, various corrals, and a snowmelt system. The ranch is located 15 minutes from Basalt and 45 minutes from Aspen. According to Tommy Latousek of listing brokerage Douglas Elliman Real Estate/Joshua & Co., the Peace is “a pretty amazing package. It’s one of the top sporting ranches in the West — and then you add its proximity to Aspen.” Latousek noted that the ranch is still eligible for a conservation easement.