This is a once-in-a-lifetime opportunity to own an iconic Aspen legacy estate! Merry Go Ranch was one of the first properties built on Mclain Flats and has been held in the same family for almost 40 years. Senior waters rights with 124 shares from the Salvation Ditch transform 21.3 flat, useable acres into vibrant green manicured lawns and pastures as far as the eye can see. Over 600 mature spruce, aspen, and cottonwood trees line the entrance and perimeter creating a serene and private retreat. The property has a jaw-dropping indoor athletic facility to serve as your private club. The 15,943 sq. ft. facility features a regulation basketball court, professional tennis court, racquetball court, swimming pool, game/lounge room, massage room, steam room, running track, large professionally equipped gym, and laundry facilities. An exterior two-hoop basketball court and flat lawns offer a perfect place to drive golf balls and play soccer or football. The ranch is also a haven for the equine enthusiast with an eight-stall 5,428 sq. ft. indoor barn, paddocks, a large adjacent pasture perfect for riding or polo, and nearby trails. Above the barn is plenty of storage for equipment and off-road toys. A separate 1,609 sq. ft. 2-bedroom deed-restricted EDU with a 2-car garage is perfect for an on-site caretaker. This compound cannot be replicated in Pitkin County today offering endless possibilities. Envision coming home to a reimagined bespoke 9,150 sq. ft. contemporary main house with open concept living, floor-to-ceiling glass with panoramic south-facing Elk Mountain views from every space, 6 en suite above-grade bedrooms, a state-of-the-art theatre, wine room, executive offices and a spacious main level primary suite. The perfect footprint is ready to become Aspen’s most spectacular residence. The location provides proximity to Aspen, the benefits of a private estate with almost 35,000 sq. ft. of improvements – more than twice what’s possible in Pitkin County today, and the most incredible unobstructed panoramic views from Aspen to Snowmass.