Karp is an avid skier who trains intensely. As such, this 3,700-acre ranch about 15 miles north of Aspen in St. Benedict’s Monastery was a suitable purchase.

According to its original listing, the property is “situated in a private mountain valley” in Capitol Creek Valley.

The property was originally listed for $150 million in 2024, but was ultimately sold to Karp for $120 million, according to The Wall Street Journal, which cited a source familiar with the deal.

Ken Mirr of Mirr Ranch Group, the agent who represented the sale, declined to confirm whether Karp was the buyer. But he told the Journal the deal set a record for Pitkin County.

The land for St. Benedict’s Monastery was purchased in 1956 by the Cistercian Order of Strict Observance, a Roman Catholic religious order known as the Trappists, for an undisclosed amount. The monastery was built two years later.

For decades, the monks tended the land, supporting themselves through farming and selling sweets. But their numbers gradually dwindled, and at the time of the sale there were reportedly only five monks left.

Today, the complex still features a chapel, prayer areas, living quarters for monks, a monastery building, and a retreat center.

Business Insider contacted Patrick Collins, the attorney involved with Hibiscus East LLC; Ken Mirr, the real estate agent for St. Benedict’s Monastery; and Dora Puig, listing agent for Karp’s property at 29 East San Marino Drive, but did not receive a response.