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