What’s the Big Deal: Emma land fetches $8.5 million
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: $8.52 million
Buyer: EAT-1706 LLC
Seller: Tom and Vivian Waldeck (15 percent), Steven Waldeck (77 percent) and Stone Family Trust (8 percent)
Address: Lots 1, 2 and 7 and open space parcels A and B, Emma Road, Basalt
Date recorded: June 9
Subdivision: Emma Farms
Property type: Agriculture, open space
Land: 30.5 acres
Note: Property is located in both Eagle and Pitkin counties
The city of Aspen’s real estate transfer tax collections for May showed a 197 percent improvement for its affordable-housing fund and a bump of 185 percent for the Wheeler Opera House’s coffers.
In its monthly tax report issued last week, the city also reported that the transfer taxes are “tracking roughly 81 percent ahead of 2016 figures to date.”
The housing portion of the tax reeled in $3.7 million from January through May, while the Wheeler portion has $1.9 million.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
Onsite parking won out over a Turkish bath at a new lodge planned to be built across from City Market. Aspen’s elected officials didn’t want to burden the neighborhood with offsite parking for the new hotel.