What’s the Big Deal: $9.6 million for Red Mountain Home

Staff report
120 Red Mountain Road

“What’s the Big Deal?” runs Sundays and is based on the most expensive property transaction recorded in Pitkin County through 3 p.m. each Friday.

Price: $9.6 million

Date recorded: May 23, 2017


Seller: Kelly Hall Aspen LLC

Address: 120 Red Mountain Road

Property type: Single-family residential

Year built: Original version in 1962; redeveloped in 2010; remodeled in 2015

Land: 30,672 square feet

Total heated area: 4,342 square feet

Features: 4 bedrooms, 51/2 baths. Online marketing materials describe its “state-of-the-art kitchen with stainless steel appliances and adjoining dining area with seating for eight and cozy wood burning fireplace. Extensive master suite with office, sitting area, gas fireplace, walk-in closet and master bath with his and her vanities, steam shower and soaking tub. Amazing extras include a media room, hot tub overlooking Hunter Creek, an expansive mud room with storage and two-car garage.

Previous sale: $8.16 million, Feb. 25, 2016

Property tax bill: $12,926


• Aspen Community School in Woody Creek recently was awarded LEED-Gold Certification by the U.S. Green Building Council. The K-8 public charter school was designed by Cuningham Group Architecture in collaboration with Studio B Architects.

“Aspen Community is unique among our many LEED schools because of its spectacular setting and the school’s long-standing culture,” said Paul Hutton, Cuningham Group’s principal and chief sustainability officer. “We were able to show them how their building could better reflect their environmental values. We took advantage of the location and maximized daylight distribution inside by increasing our normal window-to-wall ratio through carefully locating and shaping roof monitors.”

• Pitkin County ranked No. 10 in Colorado in a survey that studied the lowest closing costs associated with buying a home.

The study measured closing costs as a percentage of median home value at the county level.

The average closing cost in Pitkin County was $7,821, based on 1.3 percent of the median home value of $620,700, according to

At $4,111, San Miguel County had the lowest average closing cost in the state, based on 0.9 percent of the median home value of $512,800, the survey said.