What’s the Big Deal: $11.7 million paid for Red Mountain home
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
Support Local Journalism
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.
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User