The upper end of the Denver real estate market appears to be alive and well with the recent $7.5 million purchase of a just-under 8,500 square foot home in the city’s Cherry Hills Village neighborhood.
That residence, in the 4600 block of Franklin Street, was purchased by the daughter of the Leprino Foods company chairman, and includes six bedrooms and eleven bathrooms, as well as a swimming pool, pool house, and six-car garage.
Although there has been speculation that there may be a slight decrease in the asking price of more moderately priced homes in metro Denver, the most expensively listed properties are continuing to sell.
According to the Denver Post, a four-bedroom, six-bathroom mansion on Cedar Avenue in Denver just went for $5.1 million, and includes a sauna, poker room, and covered patio complete with a fireplace. A four-car garage on the property features a dog wash station.
Other top and current listings in metro Denver include a $15 million, two-story brick building on St. Paul Street that houses four bedrooms and 5 bathrooms. This home in the city’s Cherry Creek North neighborhood is also a historical treasure, having been built in 1891.
According to the website Redfin, a modernistic six-bedroom home in the 3000 block of E. Exposition Avenue is being listed for $7.1 million, and includes half a dozen bathrooms, as well as a swimming pool and jacuzzi.
But records have been broken with the purchase of what is regarded as the most expensive home in metro Denver: a four-bedroom residence also in the Cherry Hills Village neighborhood that went for $25 million.
The buyer? Russell Wilson, quarterback for the Denver Broncos, who two weeks ago signed an extension of his contract with the team valued at $245 million.
The 20,000 square foot residence also features a dozen bathrooms, a basketball court, and indoor pool. Additional amenities: a game room and theater.
By Garry Boulard
