More than three decades after buying a historic Victorian in Aspen’s West End with a friend, actor Jack Nicholson has sold the residence for $11 million.
Nicholson and record producer Lou Adler split the cost of the nearly 5,800-square-foot home in 1980. The home on Lake Avenue overlooks Hallam Lake and was added to the National Register of Historic Places in 1987.
The sale closed Tuesday, a year after it was listed by Joshua and Co. for $15 million. The buyer was Lake 206 LLC, which was represented by Aspen attorney J. Bart Johnson. Joshua and Co. and attorney Joe Krabacher, also of Aspen, represented Nicholson and Adler.
The residence, built around 1890, is known as the Newberry House, and was occupied by William Shaw, an attorney and later a judge, from 1922 until his death in 1969.
Nicholson and Adler already had homes in Aspen when they bought the residence, according to “Five Easy Decades,” Dennis McDougal’s book about the actor.
But neither home could get TV reception. So they “went halves on the old Judge Shaw house, a historical landmark in a section of the mountain town that had better reception — chiefly so they could go there to watch Lakers basketball,” McDougal wrote. (The friends can often be seen sitting next to one another courtside at L.A. Lakers games.)
Nicholson owns at least one other property outside Aspen.
It’s unclear who the principal of Lake 206 LLC is. But the Aspen Business Journal reported that the company may be tied to Kashif Sheikh, who runs a private equity firm in Los Angeles.
Lake 206 LLC has a Beverly Hills, Calif., mailing address and was incorporated a week before the sale closed, according to the Colorado Secretary of State website.
The five-bedroom, seven-bath house is on a quarter acre, and has a large wrap-around porch and an unusual carriage house that was incorporated into the overall design, according to historycolorado.org.