What’s the Big Deal: PGA golfer buys Aspen home for $9 million
Editor’s note: “What’s the Big Deal?” runs Sundays and is based on the most expensive property transaction recorded of the week in Pitkin County.
Price: $9 million
Address: 315 Lake Ave., Aspen
Buyer: Justin and Amanda Leonard
Seller: Mustang Holdings LLC
Property type: Single-family residential
Year built: 2002
Total heated area: 5,500 square feet
Total land: 7,280 square feet
2014 property tax bill: $14,992.60
Worth noting: Buyer Justin Leonard, the British Open champion in 1997, is a 12-time winner on the PGA Tour. His purchase of the Aspen home comes two months after he sold his Highland Park, Texas, home for $13.8 million, the Los Angeles Times reported.
On the move: Frias Properties of Aspen announced last week the hiring of Ben Wolff as a new property manager and Cindy Brinks as the company’s new corporate assistant and human resources manager. Additionally, Athena Ballou has joined as a licensed real estate assistant. Wolff, a graduate of Ohio State University, moved to Snowmass in 2007 and worked at the Dancing Bear and Timbers Club in Aspen and Snowmass for seven years, as well as two years at the Victory Ranch Club in Park, City Utah. Brinks has lived in the valley for 20 years working in real estate development and property management, along with holding executive positions with domestic and foreign corporations. Ballou, a California native, has lived in Aspen since 2007.
Exclusive company: The national firm Coldwell Banker, which has offices throughout the Roaring Fork Valley, last week released its Luxury Market Report identifying the top 10 cities with the most property sales of both $1 million and higher and $10 million and higher.
Once again, Aspen cracked the top 10 for the most $10 million-plus home sales, builderonline.com reported.
“Driven by strong demand from high-net-worth individuals and families, Montecito, Calif.; Delray Beach, Fla.; Palm Beach, Fla.; and Vail, Colo. joined longtime luxury leaders like Beverly Hills, Calif.; Miami Beach, Fla.; and Aspen, Colo. Aside from the Colorado ski resorts of Aspen and Vail, the $10 million-plus sales are concentrated in cities on the nation’s east and west coasts,” builderonline.com reported.
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: The Colorado Department of Transportation gives Aspen’s roundabout a poor grade in terms of level of service so it’s thinking about making changes. But first, a study or two must be done.