Colorado Real Estate News

Purchasing A Second Home In Colorado

photo showcasing a home at dusk surrounded by birch trees.

Be honest. How nice does a vacation sound right about now? You can’t deny that after all of these months cooped up in our homes, a change of scenery sounds irresistible. Let’s swap those one-time plane tickets and fancy dinners for the fresh Colorado air and a reason for adventure. Maybe you are looking to purchase a second home for pure enjoyment? Possibly for some additional income? A worthwhile investment? Or it could even be all three, but all in all, there are some undeniable short term and long-term benefits of purchasing a second home in Colorado. 

A second home provides the perfect reason to escape. Whether it’s for personal leisure or family bonding, the memories you create are invaluable, and you can’t put a price tag on memories. Not only will you bond with your loved ones, but a sense of community will also form as you explore your new neighborhood. Creating a sense of belonging as you discover new restaurants and meet the local grocery store owner is the perfect way to become a local. However, since this is a second home, you may not be a permanent local. But do not fret! With such high tourism rates in mountain towns like Telluride and Vail, wannabe locals will be knocking at your door for a little staycation of their own. 

As the real estate market continues to skyrocket, this is the perfect time to consider purchasing a second home in Colorado. Let’s look at Telluride, for example. There was $125 million in sales in August alone, which shattered their December 2019 one-month sales record of $96.9 million. In fact, Telluride is on track to beat the all-time annual sales record of $760 million, which was set in 2007. Not only are mortgage rates low, but purchasing an additional home, particularly in a mountain town, turns your disposable income into financial safety. The National Ski Areas Association reported a record-breaking 24 million visits in the 2018-19 year, further proving a desire for the mountains. While purchasing an additional home is an investment, it has its benefits. For instance, a second home is considered a personal residence. This means when tax day comes around, you can deduct both property taxes and mortgage interests from your taxes. I am not a qualified tax professional, but that sure sounds enticing.

Acquiring another home is a big commitment and a purchase that would benefit from a professional’s advice. Finding a Realtor® whom you trust is crucial in the success of your second home. Our brokers at Kentwood will provide you with the expertise and insights into the Colorado real estate market to assure you that you made a rewarding investment. Feel free to contact our Kentwood professionals today and take your first step in creating priceless memories.

Colorado Real Estate News

Why Pricing Your House Right Is Essential

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do.

According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes:

“Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”

When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized and more buyers want to take a look.

How to Price Your Home

As a seller, you might be thinking about pricing your house on the high end while so many of today’s buyers are searching harder than ever just to find a home to purchase. You’re thinking, higher price, greater profit, right? But here’s the thing – a high price tag does not mean you’re going to cash in big on the sale. It’s actually more likely to deter buyers and have them looking at the houses your neighbors are selling instead.

Even today, when the advantage tips toward sellers because there are so few houses for sale, your house is more likely to sit on the market longer or require a price drop that can send buyers running in the other direction if it isn’t priced just right.

Our Trusted Real Estate Professionals Will Help

It’s important to make sure your house is priced correctly by working in partnership with a trusted real estate professional. When you price it competitively, you won’t be negotiating with one buyer over the price. Instead, you’ll have multiple buyers competing for the home, and that’s what ultimately increases the final sale price.

The key is making sure your house is priced to sell immediately. That way, it will be seen by the most buyers. More than one of them may be interested, and your house will be more likely to sell at a competitive price.

Bottom Line

If you’re thinking about listing your house this fall, connect with a Kentwood broker, to discuss how to price it right so you can maximize your exposure and your return. Find a broker at www.Kentwood.com

Colorado Real Estate News

Kentwood Real Estate Announces Sales Totaling Over $44 Million For August

Kentwood Real Estate is pleased to announce the residences that were sold by Kentwood Brokers in August priced over $2,000,000. The listings and sales had a total sales volume of over $44,000,000. 

“Our Brokers are passionate about real estate and inspiring people to take the next steps in their life journey,” said Gretchen Rosenberg, President and CEO of Kentwood Real Estate. “We’re rooted Colorado; in the belief that we accomplish more together. The exceptional real estate expertise of our Brokers has continued to position our brand as the preeminent source for luxury real estate in Colorado for four decades.” 

The significant sales in the month of August for Kentwood Real Estate are as follows: 

Kentwood Broker Associates Gina Lorenzen and Linda Hantman represented the seller of a five-bedroom, seven-bathroom, 7,818-square-foot home in Cherry Hills Village that sold for $4,695,000. Residing on two private acres near Cherry Hills Country Club, this magnificent residence is surrounded by lush grounds with a pond. The whitewashed brick exterior is accentuated by a slate roof and iron balconies. At the heart of the home is an open-plan great room with double-height beamed ceilings and professional-grade chef’s kitchen. The upper loft is flanked by four en suite bedrooms, including a private master suite with a sitting room, balcony, walk-in closet, and spa-like bath. The fifth en suite is found in the lower level along with the recreation room and wine cellar. This home highlights exceptional Colorado living. 

Kentwood Broker Associate Karen Brinckerhoff represented the seller of a five-bedroom, six-bathroom, 7,040-square-foot home in Littleton that sold for $3,800,000. The property has sweeping views through every window of the mountains, red rocks, meadows, wildlife, and city. The completely renovated interior, designed by the award-winning architect from RKD, Jack Snow, features a gourmet kitchen, luxurious master suite, and five-piece master bath with a steam shower. Positioned on 13.51 acres of pristine landscape that is enhanced by the mountain backdrop, this equestrian estate is equipped with a three-stall two-story barn with a tack room, equestrian riding arena, and fenced pasture. Truly a Colorado dream home in the perfect location close to everything.

Kentwood Broker Associate Gina Lorenzen represented the seller of a three-bedroom, four-bathroom, 6,521-square-foot home at Hilltop’s highest point on Cranmer Park that sold for $3,500,000. The iconic contemporary-designed, custom-built home on a rare, expansive 26,500 square-foot lot is one of the most significant residences in Denver. The original design was by award-winning New York architect, Michael Gabellini. The sleek and modern interiors feature an extensive open living area and study/library surrounded by expanses of glass, creating a bright, airy space with stunning views of the Front Range. Designed for sophisticated entertaining and comfortable living, the interior has soaring ceilings, four impressive fireplaces, and magnificent wall spaces to accommodate substantial artwork. An enviable location with unrivaled views – the home is a true modern masterpiece.

Estate in Cranmer Park sold for $3,500,000

Kentwood Broker Associates Tim Colleran and Whitney Harris represented the seller and Broker Associates Brandon Brennick and Anna Brady represented the buyer of a five-bedroom, seven-bathroom, 5,661-square-foot home in the heart of Belcaro in Denver that sold for $2,580,000. The stunning contemporary home features sleek and sophisticated finishes throughout the open concept floorplan, including a floor-to-ceiling marble double-sided fireplace between the dining and front sitting rooms. The luxurious master suite offers a fireplace, relaxing sitting area, a private balcony, and a spa-like bath. This is a true Belcaro gem.

Estate in Belcaro sold for $2,580,000

Kentwood Broker Associates Kelly Sophinos and Greg Margheim represented the seller of a six-bedroom, eight-bathroom, 8,682-square-foot home in Greenwood Village that sold for $2,575,000. The open beam architecture and European-designed custom two-story home is situated on almost one acre with gorgeous mountain views.

Estate in Greenwood Village sold for $2,575,000

Kentwood Broker Associates Patty Ryan Anton and Greg Card represented the seller of a four-bedroom, four-bathroom, 4,472-square-foot home in Washington Park that sold for $2,444,000. The Monterey style-home is surrounded by nature and is crisp and bright throughout. The main focus in this wide-open floor-plan is gazing out through wall-to-wall sliding glass doors to the massive patio overlooking Washington Park.

Estate in Washington Park sold for $2,444,000

Kentwood Broker Associate Christy Owen represented the seller and Kentwood Broker Associate Jim Rhye represented the buyer of a four-bedroom, five-bathroom 4,406-square-foot home in the Country Club neighborhood of Denver that sold for $2,375,000. The classic two-story, red-brick Georgian home, is sunny and open with a charming sunroom opening to an awning-covered terrace outside. The outdoor space features a large patio with wonderful indoor-outdoor living and entertaining elements.

Estate in Country Club neighborhood sold for $2,375,000

Kentwood Broker Associate Berenice Bejarano represented the seller of a five-bedroom, six-bath, 6,123-square-foot home in the historic Denver Country Club community of Denver that sold for $2,300,000. The skylights throughout the home create a light-filled interior. The open floor plan offers the perfect flow, and includes three fireplaces, charming finishes, an expansive master bedroom, and a walk-out basement with its own kitchenette and washroom, creating a private guest suite. The large backyard has a pool, built-in barbeque, and jacuzzi – offering exceptional outdoor living.

Estate in historic Denver Country Club community sold for $2,300,000Kentwood Broker Associates Roy Lopez and Jonathan Lopez represented the seller of a six-bedroom, six-bath, 6,740-square-foot home in Greenwood Village that sold for $2,100,000. The stunning remodeled home in The Preserve is a rare property with great outdoor living amenities. Situated at the end of a cul-de-sac and with gorgeous curb appeal, the new front-entry door opens up to a grand foyer with its soaring ceilings. The family room has an impressive stone wall fireplace, the stylish dining room is connected to the butler’s pantry and wine chiller, and there is an outdoor gourmet kitchen with a refrigerated beer tap, Kalamazoo grill, pizza oven and split smoker – perfect for fabulous dining experiences.

Estate in Greenwood Village sold for $2,100,000

Kentwood Broker Associates Bryan Uhl and Kris Uhl represented the seller of a four-bedroom, five-bathroom, 4,673-square-foot two-story brick home in the heart of Old Crestmoor in Denver that sold for $2,045,000. The beautiful home features formal living and dining rooms coupled with a wonderful flow for entertaining – amazing windows and natural light throughout. The chef’s kitchen boasts Quartzite and Silestone countertops and opens to a large family room with beautiful antique reclaimed pine flooring and an oversized granite hearth with wood burning fireplace. There is also a private master suite with French doors opening to a large deck overlooking the professionally landscaped park-like backyard.

Estate in the heart of Old Crestmoor in Denver  sold for $2,045,000

Kentwood Real Estate also represented the buyers of four luxury homes that sold in August as follows:

Kentwood Broker Associates Patty Ryan Anton and Greg Card represented the buyer of a home in Steamboat Springs that closed for $3,950,000.

Kentwood Broker Associate Amanda Fein represented the buyer of a home in Denver’s Lower Highlands that closed for $2,500,000.

Kentwood Broker Associates Thomas and Rosanne Dutzer represented the buyer of a home in Denver that closed for $2,300,000.

Kentwood Broker Associate Allison Craig represented the buyer of a home in Denver’s Cranmer Park neighborhood that closed for $2,025,000.

Notably, in 2019, Kentwood Real Estate represented four of the top 10 highest-priced home sales in metro Denver, more than any other brokerage in the top 10, according to REColorado data. To learn more about Kentwood Real Estate and our available listings, visit www.Kentwood.com.

Colorado Real Estate News

Rooted In… Local Roots, Global Reach

Written by Kentwood CEO and President Gretchen Rosenberg

Our Global Presence

Kentwood Real Estate is a member of Who’s Who in Luxury Real Estate, a compendium of the finest residential real estate firms from around the world, as well as Luxury Portfolio International® and Leading Real Estate Companies of the World®, the largest global networks of premier locally branded companies. 

These esteemed networks cover over 70 countries and include more than 130,000 real estate professionals, selling more international and luxury properties than the large brands. The network companies are dominated by many of the world’s most powerful top-tier independent brokerages and we take networking seriously.

The exclusive affiliate of Berkshire Hathaway’s HomeServices of America in Colorado, Kentwood produces more sales volume per agent than 99 percent of all real estate companies in the nation and is connected to brokerages around the globe.

Combined with Local Roots

Founded in Denver nearly 40 years ago as a premier local brand, you’ll get the inside scoop from your broker for everything from community information, market trends to commute times in actual time. Plus, the regular weather report because we’re obsessed with the weather in Colorado.

Kentwood Real Estate is invested in our communities, and our brokers support numerous civic and community endeavors. Every year, Kentwood and its brokers demonstrate their commitment to the community by volunteering and supporting local charities and events. Kentwood brokers participate in hundreds of worthy causes, including Denver Urban Gardens, the Wash Park Home Tour, Metro Cares, Toys for Tots, Mercy Housing, HomeAid Colorado, Be the Gift, Pie in the Sky, LoDo Cares, CRUSH Walls, and the Denver Film Festival.  

You’ll receive first-class service no matter your price range or the style of property you’re interested in buying or selling, from brokers who are connected to the global markets while staying rooted in the communities they serve. From Castle Rock to Fort Collins and Evergreen to Elizabeth. What could be a better combination?

Colorado Real Estate News

Top Tips For Buying A Luxury Home

Homes in Denver, CO are considered as “luxury” if they’re valued over $1M+. While luxury applies to value alone, homes in this bracket all have in common a highly competitive buyers-market despite varying in every aspect from square footage, lot size, and location To navigate an often complicated home buying or selling process in the luxury home market, you will need a broker with negotiation experience and a deep understanding of your neighborhood’s trends.

If you are in the market for a luxury home, there are key areas you need to pay attention to throughout the search process.

Know where to search:

Most real estate is easily accessible through the MLS or a simple online search, but when it comes to luxury properties, many of the homes remain unlisted in order to protect the seller’s privacy. Well-connected and luxury-focused brokers can tap into their professional networks to identify potential buyers or sellers rather than relying on inbound-only interest.

Know the neighborhood:

If you’re investing in a luxury property, you’re likely purchasing your dream home – no bargains or compromises. Understanding each neighborhood and their trends is arguably the most important aspect of living in your dream home as well as ensuring the longevity of your investment. While the home may be perfect, it’s especially important to be aware of future development or changes that might affect your lifestyle.

Know your priorities:

From amenities like bowling alleys and tennis courts to sprawling vistas and top-of-the-line finishes, knowing your priorities and what you deem as luxurious will be immensely helpful in finding the perfect estate. As is true with homes in any market, luxury homes may not have each and every feature you desire. It’s important to develop lists of must-have and desirable-but-not-necessary features, so your Kentwood broker can schedule tours of homes that fit your vision and reduce the time you spend searching. While the home might seem perfect, be sure it’s perfect for you and your family.

Pricing:

Pricing is the most important aspect to selling a luxury home. An experienced broker will solicit a consensus home value from their colleagues, luxury experts, and past and recent market data. While the seller might want to sell their home for more, it’s important to consider the broker’s value because they’re experts for a reason: They know how price homes for sales. If a seller decides to list their home too high, there is a very real risk of ultimately chasing the market meaning potential buyers will wait-out each drop in price to see how low you’ll end up going to sell.

If you’re in the market for a new luxury home, learn process of buying high-end real estate, study each neighborhood, know exactly what you need in a home, and sign the right broker. Kentwood Real Estate has represented the most discerning clientele in Colorado and our brokers are an elite team of Realtors whose exceptional service, local expertise and deep community roots create a market advantage for clients. If you’re ready to start your journey to buying your next luxury property, contact a Kentwood broker today!

Colorado Real Estate News

CEO Reflections

By Kentwood CEO and President Gretchen Rosenberg

Top 5 Reasons to work with a traditional broker versus an iBuyer

You may have heard a term that came on the real estate scene a few years ago, the iBuyer. You might even be considering using one to buy your home or looking at iBuyer listings without a Buyer Broker to represent you. Before you do, consider these top 5 reasons to stick with a traditional real estate agent.

iBuyer is a term coined to describe “internet” or “instant” real estate companies. They have a simple value proposition, make the transaction easier. That’s not a bad alternative for a certain percentage of the public and offers another resource to be carefully evaluated. However, iBuying is not a panacea for all real estate situations.

What You Need to Know

  1. Net Proceeds: As you evaluate, consider that convenience comes with a cost. These companies are not in a charitable business, they’re designed to make money. A traditional broker will help you prep your home for the highest return and act as an advisor on what consumers are looking for today. At Kentwood Real Estate, we have the Amplify program, which can even help you renovate and stage your home for sale and defer the cost until closing. If you sell your home to an iBuyer, your net proceeds will most certainly be less, and they’ll be marketing you ancillary services long into the future.
  2. Loss of Control: With a traditional agent acting as your advisor with a fiduciary duty to you, you can remain in the driver’s seat as you make decisions and progress through the transaction. Choosing a price, negotiating the inspection items, choosing a closing date. iBuyers will speed up the transaction and simplify many aspects, but they’ll give you a non-negotiable offer and then further deduct after they conduct their property inspection.
  3. Fees: A traditional broker’s fee covers extensive behind-the-scenes work, yet often consumers think our job is simply to put houses in the MLS and show property to buyers. Your agent should also advise you on home preparation for the highest return, best timing for hitting the market, how comparable homes are selling in terms of price and days on market, create a comprehensive marketing strategy, detail what a reasonable inspection list is, anticipate what issues might come up on title, potential easements and encroachments and how to discern who the best buyer is in terms of qualification. An iBuyer theoretically smooths out the transaction, taking on many of the steps an agent would be helping facilitate. They take much off the plate for sellers and they charge high fees for assuming that risk. iBuyer fees typically range between 7% and 14%, all in after inspection discounts.
  4. A Buyer’s Advantage: When you’re able to see everything in the Denver Metro, Boulder and Fort Collins MLS, you’ll be exposed to the entire market. With a Buyer’s Agent representing you, there’s more ability to negotiate the price, inspection items and confidently know you haven’t waded into any title or easement landmines. If you’re directly buying from an iBuyer company’s inventory, you don’t have an advocate helping you navigate the complex waters of a real estate transaction. They may have fixed up the house for sale, but how much time and quality were put into the work?
  5. We Hear Stories: Every week one of our brokers tells us a client had decided to use an iBuyer to purchase their home or made an offer on a property listed in an iBuyer inventory. Most of these stories end when the client decides to come back to their Kentwood Real Estate broker because they realized the fees were too high to make the convenience worth it. Even in the era of COVID. We’ve all found ways to show properties safely and keep our brokers and consumers healthy. Make sure your broker is following the COVID rules and protocols. Buyers have found that they aren’t exposed to the entire market when they’re searching on the iBuyer sites, and with such a lack of inventory these days, they want to be kept apprised of everything hitting the market in real-time.

The Final Takeaway

There is room for many models in the large market we call real estate. Some business models highlight price, speed and convenience while others focus on customer service and take their responsibility as fiduciaries to their clients seriously. Those relying on customer service and acting as fiduciaries also work hard to maximize net proceeds at the end of the transaction, making their fee a valuable investment. They also work hard to advise buyers when to negotiate and when they have to put their best foot forward.

You may like to shop at a discount store like Target and Walmart some days, while choosing Nordstrom or Nieman’s another. With housing or commercial real estate, consider your options carefully and feel free to reach out to a Kentwood Real Estate Broker for thoughts and advice. We’re here for our clients.

Colorado Real Estate News

CEO Reflections

By Kentwood CEO and President Gretchen Rosenberg

Top 5 Reasons to Leave Your Shoes at the Door

We all have pre-conceived notions of what our Colorado homes and real estate should be like.

For many people in Colorado that might be a view or a fireplace. For some it’s a gourmet chef’s kitchen and a soaking tub. Nearly everyone these days wants an area they can use as a workspace or for quiet time. The lists can be long or modest, but the best advice my first real estate broker gave me was to leave my pre-conceived notions at the door and be prepared to give a little. Here are 5 lessons from our Kentwood Real Estate brokers who have much hard-won wisdom to impart.

  1. It’s nearly impossible to get everything on your “must have” list. Create a list of A level amenities, B level amenities and C level amenities. Know in your mind that the A list should be very short, and the B’s and C’s will be nice to have, but could end up being crossed off. This applies to commercial real estate as well.
  2. Be open to suggestions from your broker. Real estate brokers are sometimes accused of pressuring buyers into looking at properties they don’t want to see. A great broker (like all Kentwood brokers) will listen intently, with a problem-solving frame of mind. They’ll also have input borne of wisdom. Let them provide suggestions for additional areas of town, insight into why some amenities might not be Colorado typical, or how a shift in price could get you closer to fulfilling all of the A’s and B’s on your list.
  3. Avoid a carpet allowance. (I was going to say “like the plague” but I’m writing this during the current pandemic, so like coronavirus.) Sellers – a carpet allowance doesn’t work anymore. It hasn’t in years. Buyers are watching HGTV and want their new house to “look just like that.” They generally don’t want to have to do any work, any updating or spend additional money. Why would they part with cash when they can finance at 3%?
  4. Know the photos make it look different. Properties are photographed in their best light, with a wide-angle lens and perfectly set for photos. The rooms always appear larger than they are. 3D Virtual tours and virtual (live) open houses are a better way to assess the space, and can be a good stand-in if you can’t be there or want to check some places off your list. The very best way to know if “it’s the one” is to visit the property. You’ll use more of your senses than just seeing photos when you’re actually there. You’ll smell (pets or candles?) You’ll see (what the room sizes really feel like when you’re standing in them.) You’ll hear (birds chirping or train tracks?) You’ll feel (those amazing soft close cabinets or a roll in the floor from settling.)
  5. National news is general, real estate is locale specific. Our Kentwood Commercial brokers have been asked a lot lately about their predictions for how depressed the commercial real estate market will be next year. Our Denver Rental team is asked about rent collections and whether property management is taking a hit. Our residential brokers in both Metro Denver and Northern Colorado are offered opinions on what’s going to happen with home values. It’s all correct, and it’s all wrong. Home values are going up rapidly in certain price points and neighborhoods, while other sellers are having to contend with lack of traffic and price reductions. Warehouses and light industrial real estate are booming, retail is struggling. Most of our property management clients are having no issues collecting rent, but that could also change as the COVID-19 months progress. This is the reason to seek an informed and expert broker. It’s a tough time to try to go it alone.

Leaving your shoes at the door is a metaphor for avoiding pre-conceived notions and being okay with asking for help. Kentwood Real Estate brokers are best-in-class and will help you find your next home, sell your current home, evaluate your commercial portfolio or lease a property. We’re here to help.

Colorado Real Estate News

REAL ESTATE MARKET TRENDS

Home

Statistically, Denver is Still in a Seller’s Market

With 1.73 months of housing inventory across all price ranges in the Denver area, we are technically still experiencing a seller’s market. Homes priced above $1 million have the most inventory, however, with single-family homes at 4.93 months of inventory, just under the five months that signify a balanced market. The month of July ended with 4.36 months of condo inventory. Large condo projects like Laurel in Cherry Creek have been closing on units, pushing up the number of higher-priced condo sales.

 

Home Prices are Peaking

The average sold price in the residential market in July was $498,960, down slightly from June’s $500,010, still up 4.27% year over year. The median sold price was up slightly month over month to $434,000 from $429,000. The average single-family home price was up 0.58% from June to $551,516. Year to date, the average sold price was up 1.83%. The average condo sale price was down 1.46% in July to $362,922; this is lower than the past three months, but up 3.01% year to date.

 

Sellers Homes on the Market for What Felt Like a Long Time Compared to Last Year

The median days on market for single-family homes and condos was up 37.50% month over month to 11 days. While that percentage may seem high, home sellers only had to wait three more days to sell their homes in July this year compared to last. Year to date it’s taking, on average, 29 days to sell a home compared to 24 days last year.

 

Metro Denver is a seller’s market by months of inventory, but continues to head toward a balanced market, with conditions favoring buyers — like historically low interest rates, price reductions, and more homes to choose from with more time to choose.

Colorado Real Estate News

Cherry Hills Village Featured Listings

These Cherry Hills Village featured listings exemplify why it’s considered one of the nation’s most elegant suburbs. The community is home to couples, families, and active retirees alike. The homes here offer the ultimate in an upscale, family-friendly lifestyle. These featured homes are sure to give you serious daydreams!

Cherry Hills Village Featured Listings

 

5000 East Quincy Avenue

List Price: $15,900,000

Listed By: Gina Lorenzen

Perfectly located to capture the sensational views, this striking residence is the epitome of architectural grace and elegance. This enviable 9-acre property is comprised of large ponds, fountains, gazebos, mountain-style streams, and outdoor fireplaces. Inspired by Santa Barbara architecture and design, this property entails expertly scaled rooms hallmarked by mahogany wood and stone details throughout.

5000 Quincy | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

4545 South Holly Street

List Price: $11,500,000

Listed By: Susan Diliberti

This contemporary, Colorado-style home is elegant, inviting, and a timeless classic. Situated on 10 acres, there is land in abundance and amazing outdoor spaces perfect for entertaining! An enclosed European-style walkway leads to a 6-stable barn with herringbone brick patterned flooring, wood & brass accents, and automatic watering & lights. This home was completely rebuilt from the foundation up in 1989-1991, with many recent updates since then.

4545 Holly | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

21 Sunset Drive

List Price: $8,900,000

Listed By: Luisa Staerkel

Beautifully ensconced on an expansive manicured grounds, this home is the epitome of sophistication, elegance, and comfort. With a secured gate, wrought iron fencing, and large trees surrounding the property, you will enjoy the utmost privacy. The main floor alone features a sumptuous living room, open dining room, family/game rooms with sunken bar, and a spacious kitchen with informal dining area that adjoins the hearth room and sunroom.

21 Sunset | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

9 Cherry Hills Park Drive

List Price: $8,700,000

Listed By: John Fitzpatrick & Sean Larkin

This historic Grand Mansion built in 1919 by Fisher and Fisher has been respectfully updated. The home lives very modern with a gourmet top-of-the-line kitchen and museum like qualities throughout. The park-like yard features a recirculating stream and pond. Situated in the Villages most exclusive enclave, this is a gated home within a gate community.

9 Cherry Hills Park | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

5500 East Quincy Avenue

List Price: $4,970,000

Listed By: Gina Lorenzen

Private Cherry Hills retreat set on 2.3 acres – presenting the best in family living and entertaining. The elegant principal rooms are ideal for hosting, with high ceilings, tall windows, plantation shutters, skylights, marble floors, and bar area.  The walk-out level is comprised of a wine cellar with tasting room, large theatre, wet bar, media room, and 3 en-suites. The expansive back patio is highlighted by outdoor kitchen, firepit, spa, large pool with fountain, and panoramic views of the Front Range and Pikes Peak.

5500 Quincy | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

9 Lynn Road

List Price: $4,800,000

Listed By: Rollie Jordan

One-of-a-kind gated Italian Villa with breathtaking views, pool, formal gardens, numerous fountains & gazebo, and meticulous grounds that rival any other. Built with the finest quality and materials including antique, imported chandeliers & fireplaces (some with 120-year-old mantles), Brazilian doors, leaded glass, black walnut & natural stone floors, marble, slab granite.

9 Lynn Road | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

4411 South Lafayette Street

List Price: $3,875,000

Listed By: Amanda Linville

A rare opportunity to own a magnificent custom estate in prestigious Old Cherry Hills. This beautifully appointed home sits on a premier 2.5-acre lot. It boasts the highest-end finishes imaginable with custom stone and woodwork throughout. The spectacular entry leads to grand living area with full walk-in wet bar. This property is ideal for entertaining with multiple outdoor living spaces and integrated HEOS sound system.

4411 Lafayette | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

13 Vista Road

List Price: $3,775,000

Listed By: Paula Friedman

Tranquility and elegance surrounded by 2.48 acres of trees and open space in Cherry Hills Village. This home brings its picturesque outdoors in. Built by Mesa Properties; designed with a blend of exceptional quality and meticulous detail. Year-round swimming pool and spa features automatic pool cover, a dressing room, 3/4 bath, laundry room, large disappearing glass doors to the expansive, secluded patio with gas BBQ and fireplace. Zoned for horses.

13 Vista Road | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

4986 South Fillmore Court

List Price: $3,395,000

Listed By: Sandy Weigand & Chuck Gargotto

Michael Knorr created an architectural masterpiece built with commercial grade construction. Exceptional in every way, this contemporary Ranch showcases sophisticated architecture. A stunning open environment exists throughout the home. Expansive walls serve as an ideal canvas for the art lover’s collection. Spectacular outdoor living areas and a five car garage complete this exceptional residence.

4986 Fillmore | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

4 Redhawk Run

List Price: $3,250,000

Listed By: Michele Ciardullo

Nestled on a private cul-de-sac within the boutique gated community of Buell Mansion, 4 Redhawk Run is perfectly poised with a stunning mixture of stone, brick, and creative architectural details creating gorgeous street appeal. A large private site encompasses mature landscaping, numerous courtyards, a soothing pond, and wrought-iron fence yard.

4 Red Hawk Run | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

4930 South Gaylord Street

List Price: $2,795,000

Listed By: Edie Marks

This Genesee built, Karen Keating designed masterpiece will exceed all expectations. Designed and constructed to showcase an extraordinary terraced backyard, walls of Caradco windows and doors bring the outdoors in. With a mini Botanical Gardens as your seasonally changing backdrop, the owners created an outdoor oasis of cascading fountains, a stone fireplace, and the quintessential outdoor kitchen.

4930 Gaylord | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

36 Cherry Hills Farm Drive

List Price: $2,495,000

Listed By: Sandy Weigand & Chuck Gargotto

Remodel and updates in 2016 start right at the front door and extend to new landscaping in the back gardens. Upon entry you will immediately appreciate the marriage of the indoors with the outdoors throughout the entire main level. Gorgeous grounds and courtyards at the back of the home feature a lovely water feature. The perfect home for entertaining while enjoying a comfortable family lifestyle.

36 Cherry Hills Farm | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

102 Glenmoor Lane

List Price: $2,195,000

Listed By: Christopher Ansay & Robert Campbell

Magnificent estate on exceptional acre site in Cherry Hills in like-new-condition. Well-located on a premium lot at end of a cul-de-sac backing to Glenmoor Golf Course, overlooking multiple fairways within the premier gated Country Club Community. Traditional elegance throughout with expansive yet comfortable spaces, soaring ceiling and windows.

102 Glenmoor | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

6180 East Quincy Avenue

List Price: $2,100,000

Listed By: Jennifer & Todd Markus

Lovely and private Mediterranean style villa located in Cherry Hills Village, featuring mountain views and a desirable open main floor living plan. The home was designed by architect Pierre Fakhoury with entertaining and casual elegant living in mind. Enter into a gracious foyer with barrel ceiling and stunning Italian chandelier that continues into the main living area with a formal living room with fireplace and an updated chef’s kitchen complete with top-of-the-line SS appliances.

6180 Quincy | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

3961 South Birch Street

List Price: $1,325,000

Listed By: Bob Serotta

Fabulous, updated and remodeled stone Ranch with full walkout basement. Spectacular private backyard with three brick patios and professionally landscaped gardens. Wonderful home for indoor/outdoor entertaining and family gatherings. Just 1/2 a block from Highline Canal path.

3961 Birch | Cherry Hills Village Featured Listings

Cherry Hills Village Featured Listings

Colorado Real Estate News

Kentwood Real Estate Recognized as The Developer’s Choice for New Construction

Gooden_Julian_Ext_3_1280.jpgKentwood Real Estate, Colorado’s Premier Real Estate Company, has developed a reputation over its 35 year history as “The Developer’s Choice” for new construction projects throughout metro Denver, with current projects valued at more than $300 million.  The leading, nationally-recognized real estate company is comprised of Kentwood City Properties in downtown Denver, Kentwood Real Estate Cherry Creek, and Kentwood Real Estate DTC.

Over the years, these three strategically located offices have collectively served the diverse marketing needs of developers and builders on hundreds of projects representing a wide range of residential developments from townhomes and condominiums to lofts and brownstones, in addition to custom homesites and patio homes encompassing a variety of styles and price ranges.  Although Kentwood Real Estate serves all real estate segments and price ranges throughout metro Denver, the company is firmly established as the leader in marketing new construction projects.

“For decades, Kentwood City Properties and our offices in Cherry Creek and the DTC have been the developer’s choice for new construction projects,” said Dee Chirafisi, Broker Associate and co-owner of Kentwood City Properties.  “Our years of experience started with loft conversions in Lower Downtown in the early 1990’s.  Today, we represent leading developers by providing them with valuable input on design, pricing, and what buyers are looking for while providing a unique strategy for each project that we represent.

“Selling new developments requires a different skill set than when marketing existing properties,” Chirafisi continued.  “Our brokers know how to represent future properties in a way that engages buyers early and keeps them on board until the project is complete.  This is one of many reasons why Denver’s most respected builders and developers continue to retain Kentwood brokers as exclusive listing agents for their projects.”

Following are some of the high profile developments currently represented by Broker Associates with Kentwood City Properties and Kentwood Real Estate, including the names of the exclusive listing agents with Kentwood Real Estate: Julian Street Townhomes, Sloan’s Lake, 10 Units, Deviree Vallejo; Tejon 4, LoHi, 4 Units, Deviree Vallejo; Mayfair 6, Mayfair, 6 Units, Deviree Vallejo; Regis Row, Berkeley, 5 Units, Deviree Vallejo.

Highland Park Place, LoHi, 20 Units, Deviree Vallejo and Liz Richards; Jackson Townes, Congress Park, 16 Units, Deviree Vallejo and Liz Richards; Uptown 6 on Ogden, Uptown, 6 Units, Deviree Vallejo and Liz Richards; Perry Rowhomes, Sloan’s Lake, 65 Units, Deviree Vallejo and Liz Richards; Back Yard on Blake, RiNo, 14 Units, Liz Richards; RiNo Residences, RiNo, 17 Units, Liz Richards.

Ten10 Brownstones, Golden Triangle, 17 Units, Deviree Vallejo and Liz Richards; High Street Townhomes, DU, 35 Units, Deviree Vallejo and Liz Richards; Albion 7, Park Hill, 7 Units, Deviree Vallejo and Liz Richards; City View Edgewater, Edgewater, 24 Units, Deviree Vallejo and Liz Richards; Ranch Reserve, Valley Country Club, 7 Units, Bill Wilbur and John Fitzpatrick. Milwaukee Street Residences at Cherry Creek North, 5 Single Family Building Sites, Rollie Jordan.

Lake House on 17th , Sloan’s Lake, 215 Units, Dee Chirafisi, Kevin Garrett and Matt McNeill; Locale24, Denver City Park West, 10 Units, Dee Chirafisi; Art District Rowhomes, 9th and Kalamath in Denver, 28 Units, Jan Nelsen & Molly Weiss; 2600 E. Cedar Ave., Denver Country Club, 8 Custom Homesites, Dawn Raymond; 250 Columbine, Cherry Creek North, 71 condominium residences, Dawn Raymond. NorthCreek Residences, 50 units, Dawn Raymond.

For more information about these developments, please contact the listing broker at Kentwood City Properties and Kentwood Real Estate.