What’s the Big Deal: Red Mountain property fetches $14.675 million
“What’s the Big Deal?” runs Mondays and is based on the most expensive property transaction recorded in Pitkin County through 3 p.m. each Friday.
Price: $14.675 million
Date recorded: Nov. 8
Address: 848 Willoughby Rd.
Subdivision: Pitkin Green, Red Mountain
Buyer: Pitkin County Holdings LLC
Seller: 848 Willoughby LLC
Property type: Single-family residential
Year built: 1990
Living area: 2,814 square feet
Lot size: 1.06 acres
Property tax bill: $13,231.04
Worth noting: By acquiring the same home for $12.1 million April 9, the seller walked away with $2.575 million more than it paid for the property. The current owner has rights to build a new home over 10,000 square feet on the newly purchased land.
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