by Neil Kearney | Sep 14, 2012 | Boulder Real Estate, Featured
It’s always fun to look at what is happening in the real estate market. It’s especially fun to take a peek at some of the most beautiful homes in Boulder County. Currently there are 78 homes on the market in Boulder County with price tags of $2,000,000 or more. Out of that group, just one is under contract. That lucky home is Tim Goodacre’s listing at 512 Marine Street in Boulder listed for $2,350,000. It is a remodeled 1902 home with beautiful landscaping just a quick walk from the Pearl Street Mall. But I digress… Today I am going to list the 10 most expensive residential listings in Boulder County. Here it goes!
10) 8925 Mountain View Lane – $4,978,500
This is an 11,388 square foot “French country inspired executive home” in White Hawk Ranch. White Hawk Ranch is a small enclave of newer homes with mountain views and large lots (~1 acre) located east of Boulder toward Lafayette. According to the listing the home has an elevator, unobstructed views, and design features such as hand hewed beams, distressed floors and antique glazed woodwork.
Days on Market: 96 (previously listed in 2009 for $5,800,000
Price per square foot: $437
Listed by Coldwell Banker Residential in Boulder
9) 5860 Boulder Hills Drive – $5,995,000
This home is a rural hill top estate located between Boulder and Longmont. It has 40 acres and is accessed by a quarter mile, tree lined driveway. This is a “French Normandy” style home with extensive gardens, ponds, a tea house, hedges, fountains and a “park like setting”. The home was built in 1984. If you are looking for your own European estate in Boulder County, this might just be your next home.
Days on Market: 92 (On the market on and off since 2007, starting at $6,450,000)
Price per square foot: $728
Listed by Fuller Sotheby’s International Realty
8) 6880 Saint Vrain Road – $5,995,000
The MLS listing says: “A Paradise Resort style property for the discriminating buyer. 40-Acres with extensive water rights, million dollar views, including an extraordinary 10,000+ SF trophy home, 6000 SF Outbuilding, barn designed for 8 stalls, Professional Tennis Court, Pool with Waterfalls, Theatre, Gym, Billiard Room, Au Pair Suite, irrigated pastures, pond and more. Stunning home featuring Mountain Views from every room.” The home is located west of Longmont and was built in 2006.
Days on Market: 217 (On and off the market since 2007 with a highest list price of $8,195,000
Price per square foot: $567
Listed by Fuller Sotheby’s International Realty
7) 4322 Sunshine Canyon Drive – $6,000,000
This home is inspired by an Italian hill town villa. Extensive use of natural materials but with modern lines. Great views from this 40 acre mountain location. Built in 2007, this is the first time this home has been on the market. The home has 7,736 finished square feet with four bedrooms and 6 bathrooms.
Days on Market: 142
Price per square foot: $775
Listed by Fuller Sotheby’s International Realty
6) 165 Green Rock Drive – $6,500,000
Built in 1969 and designed by noted Boulder based architect Charles Haertling, this is a piece of Boulder history. The house is built right into an impressive rock outcropping and is located an easy walk to downtown Boulder. Despite the mountain look and feel to the home, this is in fact the only house in town that made this list. If you are a fan of Mad Men or Pan-Am and have an extra 6 or 7 $million this might be just the place for you. Yeah baby!
Days on Market: 234
Price per square foot: $1,124
Listed by Fuller Sotheby’s International Realty
5) 4651 Eldorado Springs Drive – $6,985,000
A river runs through it. Near new “Beaver Creek” (stone, beam, extensive windows, lodge inspired) styled home located in Eldorado Valley just south of Boulder. South Boulder Creek runs through the property’s 5 acres. 5,588 square feet home finished in 2008. Trout pond out back, horse barn and pasture. For those wanting to be an estate rancher but need to be close to town.
Days on Market: 157 (previously listed in 2009 for $7,500,000
Price per square foot: $1,250
Listed by Colorado Landmark- Boulder
4) 7001 Rozena Drive – $7,250,000
If you are looking for space, water and room for a family compound this may be just the place. The estate style home was built in 1990, but the main draw is the 115 acres including a 26 acres reservoir, mineral and water rights, waterfall, trout pond, great views and a peaceful setting. Located in Hygiene Colorado which is just west of Longmont.
Days on Market: 26 (On market with a few breaks since July 2011. Originally listed for $12,000,000.
Price per square foot: $1,312
Listed by Colorado Landmark – Boulder
3) 3472 Sunshine Canyon – $7,890,000
105 acres with an executive home and a spiritual retreat/ community center. Unique zoning allow for more “fellowship” buildings. Property is comprised by over three lots. Mountain retreat up Sunshine Canyon.
Days on the Market: 571
Price per square foot: $1,225
Listed by Coldwell Banker Residential – Boulder
2) 19 Arrowleaf Ct. – $7,900,000
Nearly new modern home on a view lot in the close-in foothills above Boulder. 10,447 finished square feet. Built green and with state of the art technology throughout.
Days on the Market: $369 (originally priced at $8,500,000)
Price per square foot: $756
Listed by Fuller Sotheby’s International Realty
1) 7171 Pike Road – $9,000,000
The highest priced residential property listed in Boulder County right now is actually an 80 acre farm. The house is 4,522 square feet and was apparently built in 1900. There are not any remarks about this listing in the MLS so it is a bit of a secret listing. From the photos it looks like this home has a lake, a full equestrian set up with indoor arena and many outbuildings. But don’t tell anyone, I think it’s a secret.
Days on Market: 353
Price per square foot: $1,990
Listed by Turner Realty
Well there you have it, the top ten most expensive listings in Boulder County. It’s interesting that none are a traditional in town home. The price per square foot measure breaks down and the outdoor amenities increase. The house is important but it becomes less so when you have 115 acres with other uses available to you.
To view photos of all of these listings go to: http://www.IRESis.com/cwa/link/?llid=kx4szk
If you are a qualified buyer and want to view any of these properties give me a call. I can show any listed property in Boulder County. None of these listings are mine, so you will have impartial information and good advice. Neil Kearney 303.818.4055
by Neil Kearney | Jul 22, 2011 | Featured, For Sellers, General Real Estate Advice, Real Estate 101
In order to sell a house in today’s real estate market a house must make a compelling case to the market. Some things like neighborhood and location within the neighborhood you can’t control. But set those aside and you are left with two key variables that are controllable and important to the sale.
What I’d like to talk about today is being competitive in the market. The main variables a seller has control over is the price they ask for their home and condition and/or upgrades of the home. I have represented these two variables on an axis below so that I show you what I’m thinking. Basically, if your home is in great condition (and I mean exceptional) you can ask a high price compared to similar homes on the market. If your home is in poor shape you have to ask a lower price. This is not rocket science but it gets trickier when a house is somewhere between the extremes. It is in okay condition and has a middle of the road price. Looking at the chart below you can see the line running at 45 degrees. Think of this as the success line. Every house that fits above the line (price vs. condition) will most likely end up in a successful sale. Every home below the line will wallow until the price or the condition changes enough to get it above the line.
Right now the market is fairly slow. There are fewer buyers out there. This means that competition for sellers is tough. In order to be compelling to the small pool of buyers they have to bring a more compelling product to the market. This means that the line has shifted, sellers have to either improve their home to sell it for the same price or reduce their price to make it work.
Knowing where you are is the tricky part. I help my clients by giving good feedback and keeping them abreast of the market as it changes. The information you used to list your house is no longer valid. Get it priced right and have your house show the best it can. If you can’t afford to make improvements up front, lower your price. It’s simple economics.
The Kearney Report is the comprehensive guide to real estate in Boulder County. The report gives a detailed statistical view of the real estate market in Boulder County. The report includes detailed statistics on the county as a whole, The City of Boulder, Louisville, Lafayette, Erie,and Superior (as a group), Gunbarrel and Longmont. Please click here to view or download the report.
