What’s the Big Deal: $22 million for land on Red Mountain
“What’s the Big Deal?” runs Mondays and is based on the week’s most expensive property transaction recorded in the Pitkin County Clerk and Recorder’s Office.
Price: $22 million
Date recorded: Aug. 11
Address: 101 American Lane
Neighborhood: Rubey, Red Mountain
Buyer: MYOB2 LLC (Miami Beach, Florida)
Seller: 101 American Way LLC (New York)
Property type: Vacant/residential
Lot size: 11.7 acres
Assessor’s office actual value: $18.5 million
Assessor’s office assessed value: $5.365 million
Property tax bill: $48,643
Worth noting: Property includes rights to build home as large as 19,750 square feet
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