July 23, 2024


We Do Fine Home

3 houses cross $10 million threshold

December was one particular of the greatest months at any time for Denver’s luxurious residential genuine estate market, as a few residences sold for far more than $10 million.

For comparison, only two households offered for around $10 million in the initial 11 months of 2021. And three product sales realized that selling price issue in all of 2020.

A 45,212-square-foot mansion on 70 acres at 10687 Evans Ridge Road in Parker bought for $12.5 million in December, earning the top place between area home product sales for the month. It was also the priciest household sale at any time in Douglas County, in accordance to listing agent Liza Hogan with Douglas Elliman Serious Estate.

Cal Turner Jr., former CEO of the Dollar General chain and son of the founder, sold the residence on Dec. 13. It was at first mentioned for $12.9 million in 2018.

Turner, 71, acquired the 11-bed room, 24-bathroom dwelling for $7.4 million ahead of it was done in 2002, in accordance to house documents. He finished developing the interior and added outdoor living spaces, according to the listing agent. Hogan claimed last month’s sale bundled Turner’s art and wine collection.

Turner took in excess of as president of Greenback Typical immediately after his father in 1977 and served as chairman and CEO until 2003.

The dwelling was acquired by Jonathan Yantis, the 51-yr-previous co-founder of the NFT blockchain Throughout the world Asset Trade, in accordance to assets information.

The home’s features include things like an indoor swimming pool, a fishing pond, an amusement wing with a phase and dance floor, and a wine cellar arranged by foodstuff pairings. There’s also 3 residences for guests, every with a non-public entryway, and a two-bed room caretaker’s apartment over one of the property’s four garages.

Hogan represented the two the seller and the customer in the deal.

Listed here are the upcoming 4 priciest regional residence product sales from December:

Sitting on practically 2.4 acres, this tailor made property in the heart of Cherry Hills Village sold for $10.25 million in December. (Courtesy of Compass- Denver)

25 Cherry Hills Park Travel, Cherry Hills Village: $10.25 million

Sitting on nearly 2.4 acres, this custom made house in the heart of Cherry Hills Village was designed in 2004 and functions 18,226 square feet with six bedrooms and 11 bathrooms.

  • Consumer: Stephen Michael Smith and Sandra Williams Smith Rely on
  • Listing agent: Susie Dews with Compass- Denver
  • Buyer’s agent: Jeff Hendley with Compass- Denver
This 8,951-sq.-foot property in Denver’s Belcaro community bought for $10.1 million last month. (Courtesy of Ruschmeyer Corp.)

556 S. Elizabeth St., Denver: $10.1 million

This 8,951-sq.-foot home sits on a 4.34-acre good deal in Denver’s Belcaro neighborhood. At first developed in 1989, the household features a few bedrooms and 6 bogs.

  • Buyer: HammerQ LLC
  • Brokers of document: Phil Ruschmeyer, Catherine Garvey and Jared Kelleher of Ruschmeyer Corp.
An aerial shot of Northstar CEO Brian Watson’s former mansion at 8 Churchill Travel, which he marketed for $8.5 million. (BusinessDen file)

8 Churchill Travel, Cherry Hills Village: $8.5 million

The 8-bedroom, 13-lavatory property sits on 2.5 acres and “brings the outdoors in with rooms that open up to terraces overlooking the pool and lush backyard garden parts,” in accordance to the listing. There’s a wine cellar, health room, theater and elevator, and the garage can fit much more than a dozen automobiles.

The home was bought by Brian Watson, CEO and proprietor and Denver-primarily based Northstar Business Partners, which has been battling Amazon in court docket in Virginia due to the fact the spring of 2020. Watson bought the property in February 2020 for $6.6 million.

  • Buyer: Raminder Mann and Ramneet Mann
  • Listing brokers: Brigette and Jay Modglin of Kentwood Real Estate Metropolis Homes
  • Buyer’s brokers: Patti Helm, Libby Weaver and Pamela Helm of Compass
Designed in 1906, the Crawford Hill Mansion has been used as an office environment for the past 30 yrs. (Courtesy of CBRE)

150 E. 10th Ave., Denver: $6.5 million