What’s the Big Deal: Aspen penthouse fetches $17M

What’s the Big Deal runs Mondays is based on the prior week’s most expensive property transaction recorded in the Pitkin County Clerk & Recorder’s Office.

Price: $17.5 million

Date recorded: Dec. 20

Buyer: Palmer Properties Colorado LLC

Seller: Pay-Ase Properties LLC

Address: 405 S. Monarch St., Penthouse #2

Neighborhood: Monarch on the Park

Property type: Condo

Year built: actual, 2008; effective, 2012

Total heated area: 3,429 square feet; 4 bedrooms, 4 ½ baths

Assessor’s office actual value: $12,036,000

Assessor’s office assessed value: $860,570

Property tax bill: $28,626.56

Source: Assessor’s Office and Clerk & Recorder’s Office, Pitkin County