What’s the Big Deal: Two home sales eclipse $10 million mark
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: $12.14 million
Date recorded: May 23
Address: 110 Neale Ave.
Buyer: 17 Queen LLC
Seller: Alice Brien
Property type: Single-family residential
Year built: 2006
Total heated area: 7,674 square feet
Total land: 15,160 square feet
Amenities: Six bedrooms, six baths, media room, four outdoor decks, outdoor whirlpool/spa, indoor private pond, wine room and elevator
2014 property tax bill: $18,480.40
Worth noting: The seller bought the property for $2.4 million in April 2004 and redeveloped it two years later.
• The Neale Avenue deal wasn’t Pitkin County’s only eight-figure transaction last week. Edgewood Real Estate LLC paid $10.6 million for a 5,724-square-foot home at 563 Edgewood Lane in Snowmass. In July 2015, the same company, which is based in Brazil, bought a home at 511 Edgewood Lane for $12 million.
• Pitkin County has recorded eight property sales over the $10 million mark this year, including three this month. April’s $23 million sale of the Sardy House on Main Street in Aspen has been the most expensive transaction of the year so far.
• In his latest newsletter issued Friday, broker Chris Klug noted that in Aspen alone, 13 single-family homes sold through May 25, compared with 35 through the same period last year. The average single-family-home sale this year is $6 million, compared with $6.8 million last year. The condo market has seen 43 sales in Aspen through May 25, compared with 70 last year through the same date. Condo prices are averaging $2.1 million this year, roughly the same as last year.
Rest areas and recreation facilities along Interstate 70 in Glenwood Canyon, including boat put-ins, trails and the paved bike path, have been routinely closed to nonpermit public use during flash flood watches.
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