Colorado is no stranger to luxury living and has long been host to highly-coveted neighborhoods and luxury living options throughout the state. In the metro area, for example, we have luxury living options like mansions in Cherry Hills or Upper Bear Creek, high-rise condo living in central Denver and Cherry Creek and also luxury living on highly-coveted golf courses like near Colorado Golf Club in Parker. And of course, ski resort towns like Aspen and Vail have long-held titles for featuring expensive real estate so Colorado is no stranger to offering luxury living for anyone looking for it.
One recent newsworthy luxury purchase is the transaction made by newest Denver Bronco Russell Wilson. Only weeks after relocating, Wilson and his family purchased a 20,000 square foot mansion in the Denver suburb of Cherry Hills Village. This purchase marks one of the highest transactions in luxury Denver real estate on record. Regardless of how you feel about football, the Broncos or even Wilson, from a real estate perspective, this starts an interesting conversation about the luxury Denver real estate market.
“Luxury” real estate means different things to different people. Some outlets classify a luxury real estate transaction starting at $1 million and going up from there. Yet, in the rising real estate market it is becoming increasingly easier to hit that number in one transaction. Luxury living specifically is based on what a buyer may hold as a priority in lifestyle and benefits and may include things like space, prime location and superior craftsmanship. Below are some examples of what may define luxury living in Colorado now and where buyers may want to look based on these needs:
1. Space
For those looking for the luxury of privacy, luxury living can look like a surplus of land in a remote setting and beautiful natural views. Those looking for a remote luxury life may want to decide how far out from a metropolitan city they’d like to be. For example, Parker and Highlands Ranch can offer farm land and homes which offer acreage, and even horse property for those looking to stay close to the city. However, for those looking to be further away from the city they may consider areas like Poudre Valley or even communities in the foothills.
2. Views
Colorado is one of the prettiest states in the U.S. For most anyone looking at luxury real estate, the views around the property can be make or break in a transaction. For those who love the city, a luxury Condo downtown with 360* views or a clear look at the mountains from the master bedroom are a must. For those who want to live in the city and see beautiful green manicured land all around them, a golf course may be a good option. Golf courses also offer a lot of on-site maintenance, amenities and events that may not be available in other gated communities.
3. Amenities
Luxury amenities go far beyond appliances and can mean different things to different buyers. For example, for those looking for homes may be looking for vast square footage, multiple car garages and perks like heated bathroom floors. Those looking for a condo may prefer concierge services, on-site access to a gym and secure entrances. Golf course residents looking for luxury may enjoy breathtaking views, concierge services and a clubhouse.
4. Access
Luxury living is usually associated with limited access. For example, some buyers prefer to look in communities that are gated and offer 24/7 security. Golf course communities which are gated are also very popular. Other communities, like in a high-rise condo community will offer concierge services and a doorman. For those looking for more remote access, some buyers prefer roads that are out of the way and the general public would not know about. Security and privacy are often considered luxury.
Want to learn more about luxury living options in Colorado? Are you in the market to buy or sell your home? Call and text me at (720) 323-4176 or email me at [email protected]
