Editor’s note: “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: $7.5 million

Date recorded: Aug. 1, 2016

Address: 2421 Discovery Way, Woody Creek

Buyer: Woody Creek Conservancy LLC

Seller: Woody Creek Ventures LLC

Property type: Single-family residential improvement

Year built: 2002

Total heated area: 992 square feet

Land size: 371.6 acres

Worth noting: The property was originally listed Oct. 15 for $13.9 million. The home is known as the Chaparral Cabin, while the property contains multiple cabin sites. The deal included 10 parcels.

Buzzworthy

Real estate transfer-tax collections for the city of Aspen were down 29 percent for the Wheeler Opera House portion and 31 percent for the affordable-housing coffer in July compared with July 2015, according to a report issued by the city’s Finance Department on Friday.

The city collected $200,061 in Wheeler proceeds, down from $280,662 in July 2015. On the affordable-housing side, the city drew $372,328, compared with $537,367 in July 2015.

From January through July, the city has collected $1.5 million in Wheeler transfer taxes, a 49 percent plummet compared with the $2.9 million collected during the first seven months of 2015.

Tax collections for the affordable-housing pool stand at $2.8 million from January through July, a steep decline of 47 percent compared with $5.3 million in 2015, according to the report.