What’s the Big Deal: $8 million fetches Red Mountain home

Staff report

Editor’s note: “What’s the Big Deal?” is based on the most expensive property transaction recorded in Pitkin County each week through 3 p.m. Friday.

Price: $8 million

Date recorded: Jan. 29

Address: 117 Hunter Creek Road

Subdivision: Red Mountain Ranch

Buyer: Highland Properties 116 LLC

Seller: Werner E. Neuman Revocable Trust

Property type: Single-family residential

Year built: 1985

Total heated area: 3,502 square feet

Total land: 31,122 square feet

Property tax bill: $12,963.16


Mission Capital recently secured a $10.23 million loan for Hotel Aspen. The loan was arranged by Jordan Ray, Ari Hirt, Steven Buchwald and Jamie Matheny of national real estate debt and equity brokerage firm Mission Capital Advisors. The loan was provided by a regional commercial bank.

The borrower is HayMax Capital, an Aspen-based real estate development firm focused on boutique hotels and development projects.