Colorado Real Estate News

10 New Golf-Course-Adjacent Luxury Homes Set To Be Built at Castle Pines

The Village at Castle Pines is an exceptional residential community located in Douglas County; 30 miles away from downtown Denver. The gated neighborhood provides spectacular views of Pikes Peak, Mount Evans and the Rocky Mountains. Elk, turkey and other Colorado native wildlife roam the vicinity frequently. Additionally, the private luxury community contains world-class amenities from pickleball courts to 13 miles of outdoor trails. The Village is also home to the Country Club at Castle Pines, a course designed and brought to life by the renowned Jack Nicklaus.

Hidden alongside hole four of the golf course is a gem of undeveloped land. Louie Lee, a long-time agent in the Village at Castle Pines, was approached by developer, Scott Gratrix of Clearwater Capital Holdings, to tour the land. After years of negotiating the purchase of the property with the original landowner and the community’s master planner, Jack Vickers, the two came to an agreement. Gratrix purchased the land (10 residential lots plus one 4.1-acre zone) for $5 million earlier this year.

At first glance, Gratrix planned to build higher-density homes on the land, although seeing as how the pandemic shifted the residential real estate market, he has now elected to build fewer luxury homes on the lots.

This opportunity is quite niche in the Denver metro area because there are not many developable residential areas on golf courses. This is why Gratrix has been pursuing this business endeavor for the past three years, he referred to the land as a “unicorn today.”

Of Gratrix’s 10 new lots, six of them are adjacent to the fourth hole of the Castle Pines Golf Club while several other lots back up to open space.

Gratrix plans to start by establishing 10 homes on the lots. Pending final approval, he will begin initial construction in August. At the moment, he plans to hold onto the larger piece of land until after the 10 homes are finished.

With the special location of the homes within the community, this may be the final buildout of Castle Pines to ensure all residents have open space and personal privacy. The land will be subdivided into single-family residential lots.

Upon completion, each home will most likely be in the 5,500 to 7,000-square-foot range on half-acre to acre lots with an initial listing price of $3.9 million to $5 million. Homebuyers will also get to work closely with builders and developers to bring their custom homes to life.

For any questions or inquiries about homes at the Village at Castle Pines, contact one of our experienced Kentwood brokers at kentwood.com.

Colorado Real Estate News

Sterling Ranch: A Community On The Rise

The Nature of Sterling Ranch

Douglas County will soon be home to one of Colorado’s most remarkable master planned communities, Sterling Ranch. In 2016 alone, Douglas County grew by 8,770. While many residents believe that Douglas County is growing too rapidly, demand for housing in the area is high. And anticipation of the new Sterling Ranch community is palpable.

Situated between Santa Fe Drive and Roxborough State Park, Sterling Ranch will grow out of wide-open pastures. Nestled up against the gateway to the Front Range, the rolling terrain boasts sweeping views of the mountains and thousands of acres of a natural, preserved environment. The community will also have access to 30 miles of trails, open space, and connectivity to two state parks and three regional parks.

Where Innovation and Preservation Meet

Sterling Ranch is a mixed-use, master planned community like no other. The minds behind Sterling Ranch hand selected the most in-demand Colorado home builders to develop and customize the dwellings.  The community will feature authentic Colorado architecture, enriched by sustainable resources and forward-thinking technology. And there will be many homes differing in style, perfect for every walk of life.

There will be nine unique villages within Sterling Ranch. With pedestrian friendly design as a key element, these villages will radiate outward from an amenity rich community center and civic gathering place. Homeowners will save money and time while being part of an energy-wise community. Enjoy the amenities of modern living while still being mindful of the environment.

Providence Village is the flagship of the nine villages and will eventually include about 800 homes. It is also the first to offer new home opportunities. Those 800 homes will be the first of about 12,000 dwellings planned for the 3,400 acres community over the next 20 to 25 years. This could potentially bring more than 30,000 new residents to the area.

“At a recent Realtor Continuing Education Program hosted at Sterling Ranch, Mr. and Mrs. Smethills, the developers of Sterling Ranch, were in attendance.  Hearing their story, seeing their vision and enjoying their passion for “their community” we shared their excitement for the future.  Diane Smethills stated, “We are building a community for the children who’ve not even been born yet.”  In short, Sterling Ranch is a thoughtful community with unbridled potential.” – Tom Cryer, Kentwood DTC