What’s the Big Deal: $11.7 million paid for Red Mountain home
The Aspen Times
Editor’s note: “What’s the Big Deal?” runs Sundays and is based on the most expensive property transaction recorded in Pitkin County each week.
Price: $11.7 million
Address: 255 Hunter Creek Road
Buyer: Bedlington LLC
Seller: Nepsa LLC (New York)
Property type: Single-family residential
Subdivision: Siegel Lot Split
Year built: 1991
Total heated area: 8,965 square feet
2014 property tax bill: $24,685.24
Worth noting: Marketing materials from Aspen Sales & Rentals recently advertised the five-bedroom, six-bathroom house as a short-term rental for $85,000 a month, with $7,500 a night over the holidays. The home also includes a gym, two-car garage and 12-person hot tub. The new owner, Bedlington LLC, formed Aug. 26, according to the Colorado Secretary of State’s Office.
• Since Monday, eight properties in Pitkin County sold for at least $5 million, including a home at 300 Lake Ave. in the West End that fetched $9.16 million, property records show. A newsletter from Realtor Chris Klug, emailed out Friday, says the same property will soon be relisted. Klug’s newsletter also reported that Aspen has seen $617.6 million in total transactions through August of this year, compared with $538.5 million for first eight months of 2014. Snowmass Village has recorded $150.4 million in total property sales through August, more than $35 million better than the $115.3 that was rung up for the first eight months of 2014.
• Aspen Snowmass Properties/BJ Adams & Co. announced Thursday that it is affiliating with Berkshire Hathaway HomeServices, which is based in Irvine, California, and a subdivision of Warren Buffett’s giant holding company. The local firm’s new name: Berkshire Hathaway Home Services/Aspen Snowmass Properties.
• Who said it’s tough finding a place in Pitkin County’s rental market? The Los Angeles Times is reporting that divorced part-time Aspen residents/celebrities Melanie Griffith and Antonio Banderas are offering to rent out their home for $65,000 a month, just in time for ski season. No word if the home’s a rent-to-own property, which is being advertised for $9.9 million.