Byron Allen spends $91.3 million on a new Aspen home two years after selling his last one for $60 million

Byron Allen is back in Aspen. The media mogul has paid $91.3 million for a mountain home in the Colorado ski resort town, according to a report by the Wall Street Journal, in one of the most expensive residential transactions in the market's history.

The purchase comes roughly two years after Allen sold his previous Aspen property for $60 million in an off-market deal, more than double the $27 million he paid for it in 2020. That transaction, handled quietly by Mandy Welgos of Aspen Snowmass Sotheby's International Realty, had generated a profit of more than $30 million. Allen said at the time he sold because he was not spending enough time at the mountain retreat.

He is spending $91.3 million to go back.

The new purchase adds to a real estate portfolio that has already made Allen one of the most prolific high-end property buyers in the United States. His collection of trophy residences spans multiple states and has been valued at well over $500 million in aggregate. In 2022, Allen paid $100 million for an estate in Malibu's Paradise Cove, becoming the first Black American to purchase a property at that price point in US history. Earlier in 2025, he sold his full-floor apartment at 220 Central Park South in New York for $82.5 million, the priciest residential transaction in Manhattan that year. He had paid $75 million for it in 2023.

Allen, 64, is the founder and chief executive of Allen Media Group, one of the largest privately held media companies in the United States. The group owns The Weather Channel, more than 35 television station affiliates across major networks including ABC, NBC, CBS and Fox, and a portfolio of streaming and cable properties including Local Now, HBCUGo, Comedy.TV and Sports.TV. Allen built the company from a production and distribution operation he started as a young comedian who had transitioned out of performing and into the business of owning television content.

His real estate activity in 2026 has not slowed alongside his media expansion. The Aspen purchase follows his acquisition of CBS's 11:35 p.m. late-night slot and a controlling stake in BuzzFeed, both announced within weeks of each other in May 2026. Allen has also made a series of bids for larger media assets in recent years, including a $30 billion offer for Paramount Global in 2024 and a $3.5 billion bid for BET in 2023, neither of which succeeded. The CBS slot and BuzzFeed were smaller but closed, and they have shifted his media profile in a way that the blocked bids could not.

Aspen's luxury property market has been one of the most consistently robust in the United States since 2020. A mansion overlooking downtown Aspen sold for a record $108 million in April 2024, and the market for properties above $30 million has grown sharply in frequency over the past five years. At $91.3 million, Allen's new purchase sits near the top of that tier and positions his Aspen holdings well above what the previous property represented.

The specific details of the new property, including its size, location within the market and seller identity, had not been fully disclosed at the time of writing.