What’s the Big Deal: $15.2 million for developable land on Red Mountain
“What’s the Big Deal?” runs Mondays and is based on the most expensive property transaction recorded in Pitkin County through 3 p.m. each Friday.
Price: $15.2 million
Date recorded: May 14
Address: 132 American Lane
Buyer: Alpha Trust
Seller: HBaar LLC
Property type: Single-family residential
Year built: 1970, actual; 1985, effective
Total heated area: 1,604 square feet
Lot size: 5.28 acres
Property tax bill: $13,020.60
Worth noting: The last available lot for sale in the Rubey subdivision at the base of Red Mountain, the property has approvals to built up to 19,750 square feet.
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The property tax overcharge refunds are in the hands of Basalt residents. A new civic organization is cranking up its campaign to have recipients contribute some or all of their refunds to the Basalt Gives effort to benefit midvalley-serving nonprofits.