What’s the Big Deal: Red Mountain home reels in $14.5 million
December 10, 2016
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: $14.5 million
Date recorded: Dec. 7
Address: 904 Willoughby Way, Red Mountain
Buyer: Nixon E. Lauridsen Trust
Seller: Willoughby Way LLC
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Property type: Single-family residential
Year built: 2000
Features: Three fireplaces, chef's kitchen, four bedrooms, four full baths, four-and-a-half half-baths, two-car garage (based on marketing material from Berkshire Hathaway HomeServices/Aspen Snowmass Properties)
Total heated area: 4,702 square feet (Pitkin County Assessor's Office)
Land: 1-plus acre
• Aspen-based Palladium Properties has joined Luxury Portfolio International. Palladium, a boutique firm launched in 2015, made the announcement last week.
Chicago-based Luxury Portfolio, which has an emphasis on luxury properties, has 200 affiliates accounting for 550 companies and 4,000 offices, according to its website.
"It's exciting to be selected for the invitation-only Luxury Portfolio International network, and I look forward to working with such highly regarded professionals and a full suite of programs that directly benefit our clientele," said Krista Klees, president and founder of Palladium Properties, in a statement.
• Pitkin County registered 23 home transactions in November, with 16 in Aspen and seven in Snowmass Village. Of those, seven were single-family deals in Aspen, with none in Snowmass.
That's compared with 37 sales in November 2015, including 23 in Aspen, 11 in Snowmass and the remaining three elsewhere in Pitkin County.
Husband-and-wife brokers James Benvenuto and Jennifer Houston released that information in their Dec. 2 newsletter, which also noted that November's single-family home sales in Aspen averaged $8.1 million in price, compared with $6.4 million in November 2015.
• Ground breaking for the renovation and expansion of the Hotel Jerome and the former Aspen Times building is scheduled for April, the project's architectural firm, Rowland + Broughton, announced last week.
"The new design seeks to expand the hotel's guest capacity by adding eight new rooms and through renovations to existing spaces and an addition adjacent to the Aspen Times building," the announcement said. "The new rooms, which can be configured in a variety of ways, will enable Hotel Jerome to attract multi-generational families desiring residential-style living. Maximum unit size is 1,864 square feet per floor."
The Aspen City Council approved the project in May. Completion of the project, which will include a revitalized courtyard with a pool deck and patio between the two buildings, is projected for December 2017.