James Packer Sells Aspen Mansion for $42.68 Million After 2013 Purchase

Former casino magnate James Packer has sold his Tuscan-inspired mansion in Aspen for $42.68 million. The 15,000-square-foot stone residence in the West Buttermilk neighborhood was purchased in 2013 for $15.6 million with then-wife Erica Packer. The property was listed for $48.9 million in early summer.

The buyers are Alex and Lindsay Davis, as first reported by The Wall Street Journal. Alex Davis is the son of oil tycoon Marvin Davis, whose holdings once included 20th Century Fox, Pebble Beach Golf Links, and the Aspen Skiing Company.

Mixed Real Estate Outcomes

Packer turned a profit in Aspen. The sale stands in contrast to his Beverly Hills compound, which sold in 2025 for $60 million. That price reflected a $3.8 million shortfall from the 2018 purchase after successive price cuts from an initial $85 million ask.

Forbes lists Packer's net worth at $3.6 billion. He built on the media and gaming empire of his grandfather Sir Frank Packer and father Kerry Packer, expanding Crown Resorts into Macau and delivering the Sydney Barangaroo casino. Packer stepped down from Crown in 2018 after inquiries into his influence, later selling his stake.

Shift Toward Hospitality Ventures

Packer has completed The Beach Club, a 400-acre resort and residential community in Barbuda developed with Robert De Niro. The property includes the Nobu Beach Inn on Princess Diana Beach. Crown once held a stake in the Nobu brand until its 2022 sale to Blackstone.

These transactions keep Packer active in ultra-exclusive developments. The pattern supplies liquidity while he pursues projects outside traditional casino operations. Industry leaders track such moves for signals on post-leadership capital deployment.