The Taylor Estate, where royalty and heads of state have been guests, has been listed for sale for $27.7 million – the highest priced home in Denver, by Fuller Sotheby’s International Realty’s The Wolfe Group and Tye Stockton of Ascent Sotheby’s International Realty.
Located on approximately 122-acres in Lakewood, Colo., the property has one acre zoning with agricultural status. It includes a 14,000 square foot English manor-style 26-room home designed by Burnham Hoyt. Built in 1932, the home features dual master suites with nine additional bedroom suites. Eleven fireplaces appoint the home, with a paneled library, banquet size dining room and a staff wing. A four-car attached garage and three staff cottages are also onsite.
Situated on Ward Lake with 1,100 feet of waterfront, boating privileges are shared with just 10 families. The lake offers fishing, a beach, a lake cottage with dressing rooms and a fireplace, and a dock. Mountain views are plentiful from the estate which includes a stable, dressage ring and two barns, a tennis court and an outdoor pool.
“This estate has been owned privately for more than 60 years, since the Taylors bought it in 1951,” said Nancy Wolfe, who along with her husband, Fred, has co-listed the property with Tye Stockton. “Unless you were personal friends of the Taylor’s or dignitaries, you wouldn’t have known the property was there.”
The estate was home to the late Vernon “Moose” and Ann Taylor, who also owned homes in Vail and Montana. Mr. Taylor was an executive with Westhoma Oil Company and a well-known philanthropist. Mrs. Taylor got her pilot’s license at 18, was an accomplished equestrian, qualified for the 1940 U.S. Olympic Team and designed women’s skiwear.
Just 20 minutes from downtown Denver, the property is hidden away on the top of a knoll. There are unobstructed mountain views on one side of the property and the entire property is lined with century-old evergreen, oak and linden trees. Renowned Jane Silverstein Ries, Colorado’s first licensed woman landscape architect, designed the original landscaping. The original plans are part of the archives at the Denver Public Library.
“This estate has a storied past,” said Wolfe. “Great Britain’s Princess Anne was a guest in 1982, followed by a visit by her father, Prince Philip, in 1987. Henry Kissinger has been a guest here, along with many other world leaders.”
In fact, in 1997 when the Denver Summit of Eight was held in the Mile High City, the wives of the world leaders were guests at the Taylor Estate.
“The Taylor’s traveled the world and brought back art and furniture for their home, and some of those pieces will be left with the home,” Wolfe added. “It has been impeccably maintained and is truly an amazing property.”
The possible future owners for the property could be another family or high profile executive like the Taylor’s who have many visitors coming to Denver, Wolfe said. Or, because of the secluded fully fenced location with a security gate entrance, it could be someone who enjoys his or her privacy.
“This is one of the few historical homes in Denver, because it is a fairly young city,” said Wolfe.
The Taylor Estate is the highest priced home on the market in the greater Denver area. It is the most significant listing in Colorado since the Boot Jack Ranch sold for $46.5 million in 2010.
The Wolfe Group has earned recognition by a number of industry organizations, including being named Denver Board of Realtors “Top 10” Team from 2000 through 2013, and by the Wall Street Journal and RealTrends in 2011 and 2013. For more information, contact Nancy Wolfe at 303.324.0825.
Tye Stockton, with Ascent Sotheby’s International Realty in Vail, has completed approximately $110 million in real estate sales between 2010-2012, and has earned recognition as the #1 producing broker in Vail. He currently represents the Vail Resorts Development Company as the lead listing agent for the new Ritz Carlton Residences-Vail, in addition to approximately $150 million of privately-owned, luxury, real estate properties in the Vail Valley.
By, Steve Blank, managing broker of Fuller Sotheby’s International Realty’s downtown Denver office
Denver was the fastest moving housing market throughout the country in July according to the National Association of Realtors (out of 140 metro areas). It only took an average of 27 days to sell a home, compared to about 2 months nationally.
Denver has experienced a “good energy” market since the first quarter of 2012 and continues to impress, as we close the third quarter of 2014. The reasons are no longer hazy or complicated after nearly 3 years of positive and consistent growth;
- 1) The supply of available inventory for sale has not met current demand.
- 2) Interest rates have remained very attractive, and
- 3) Consumer confidence continues to improve.
From a strictly real estate investment viewpoint, Denver has experienced approximately 30% price appreciation since the first quarter of 2012, making it a nationally known emerging city with optimistic designs for the future. Figures from our local Metrolist, covering the seven county metro area, show the average price of a Detached Single Family home in January of 2012 was $272,500 compared to $373,800 this past July (up 38%), while Average Time (to sell) on the Market dropped from 103 days to 27. The Attached Condo/Townhome market also enjoyed similar improvement with prices rising from $151,000 (in 1/12) to $223,100 this July.
Buyers and Sellers can both position themselves to take advantage of and be competitive in this progressive climate. Although most consider this to be a sellers market, buyers can help themselves by:
- 1) Take the initial time to get pre-qualified for financing and accompany your offer to buy with a pre-approval letter from a respected lender.
- 2) Ask your Realtor to learn the sellers preferred dates for closing and possession.
- 3) Keep all your contract contingency dates efficient for inspections, approvals etc.
If a home has the potential to sell quickly, then sellers may want to prepare themselves appropriately as well. Before, and during the time your home is for sale, it is prudent to check out first choice neighborhoods so that you are ready to select a new home once yours goes under contract. For most people, it is preferable to sell before buying a new home. That said, finding that home can happen quickly or may take a month or two. Temporarily, you might prepare to store furniture and rent a furnished apartment or hotel space. However in a sellers market it’s quite possible to negotiate an extended closing date out for 60 or more days allowing time to find a suitable new home. If you have the ability to buy without selling the current home, the issue becomes more about preference than money.
Other reasons Denver continues to be so competitive is that it was ranked #1 in the nation for employment and earning opportunities in the most recent WalletHub.com survey. Denver was compared to the 150 largest U.S. cities using 18 different metrics including: number of new businesses, increased median household income, home price appreciation, foreclosure rate decrease and the drop in the employment rate (5.3% compared to the national average hovering over 6%). And it gets even better when you introduce characteristics such as the weather, recreational opportunities, all major sports, the educated populace, more parks per capita of any major city, many cultural venues, concerts, average age of 33 years old, good public transportation (and improving), eco-friendly city and state, and oh yeah…the mountains in winter and summer.
Denver and Colorado have become a desired destination location not only because it’s so enjoyable to live here, but because it is regarded as economically bright and promising. The secret is out!
406 Holden Road, Beaver Creek, Colorado 81620
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76 Holden Road, Beaver Creek, Colorado 81620
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770 Potato Patch Drive, #5, Vail, Colorado 81657
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1122 Red Draw, Edwards, Colorado 81632
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31 Avondale Lane #110 Beaver Creek, Colorado 81620
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26 Avondale Lane, 510R, Beaver Creek, Colorado 81620
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A roughly 122-acre estate in the Denver area with an English manor-style home and dressage ring is on the market for $27.7 million.
Located in Lakewood, Colo., about 20 minutes from downtown Denver, the property is the highest-priced home on the market in the area, according to co-listing agent Nancy Wolfe of Fuller Sotheby’s International Realty.
Built in the 1930s, the brick house is about 14,000 square feet, with 11 bedrooms and nine bathrooms, Ms. Wolfe said. With a clay tile roof and copper gutters, the house has unobstructed mountain views. The property sits on Ward Lake, where there is a beach and a blue-shuttered boathouse with a fireplace, also built in the 1930s. The gated estate also has a swimming pool, tennis court, three staff cottages, two barns and a fishing pond.
Denver, CO (August 12, 2014) – Sotheby’s International Realty Affiliates LLC recently announced the launch of a content marketing relationship with Bloomberg, a global business and financial information and news leader, designed to showcase the Sotheby’s International Realty network’s listings to Bloomberg.com readers.
As part of the relationship, in 2014 the Sotheby’s International Realty brand’s content units have begun to appear in exclusive positions throughout Bloomberg.com’s property section on its Luxury Property channel. Bloomberg created the program exclusively for the Sotheby’s International Realty brand, which will showcase its network’s inventory of properties through a location comparison, new to market spotlight, search widget and lifestyle feature.
“The Sotheby’s International Realty brand’s target consumer is a direct fit with Bloomberg’s core audience, which is made up of today’s affluent leaders,” said Wendy Purvey, chief marketing officer, Sotheby’s International Realty Affiliates LLC. “Bloomberg’s global readership is made up of those consumers searching for a second or third home that will meet their lifestyle needs, and who recognize the unique value real estate plays in building wealth.”
“Bloomberg is excited to have the Sotheby’s International Realty brand as a content marketing partner,” said Hugh Wiley, head of strategic account partnerships for Bloomberg Media. “The Sotheby’s International Realty brand content aligns perfectly with the Luxury Property section of Bloomberg.com’s Luxury Channel. Providing luxury property offerings around the world will appeal to Bloomberg.com’s audience, which is both affluent and global. This exclusive partnership further extends both the Bloomberg and Sotheby’s International Realty brands into the world of luxury lifestyle.”
Fuller Sotheby’s International Realty is the leader in luxury in the Denver metro area, as well as the resort areas of Breckenridge and the Vail Valley. “Second homeowners tend to comprise a large portion of the buyers we see in our luxury resort markets,” said Kristen Muller, director of marketing at Fuller Sotheby’ International Realty. “Discerning mountain lovers throughout the world frequent these luxury destinations, no matter the time of year”, she added. Earlier in the summer Vail recorded two residential sales at $14.5 and $19 million, with average price per square foot ranging from $2,000 to $2,925. Interestingly, buyer origins were up in all categories: local, Front Range, out-of-state and international. The one thing these buyers all have in common is that they are seeking luxury.
The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Fuller Sotheby’s International Realty, the third largest affiliate in the network, has multiple office locations in the Denver metro area, including Downtown, Cherry Creek, Greenwood Village, Boulder, Evergreen, Castle Pines, and the resort markets of Breckenridge and the Vail Valley. To discuss real estate opportunities call 303.893.3200. More information available at www.fullersothebysrealty.com.
By Steve Blank
The 2014 housing market continues to increase momentum, building off the strong performances in 2012 and 2013. The Denver metropolitan real estate economy continues to be one of the top emerging cities in the country, consistently improving in virtually every important economic category.
Interest rates have remained low (4-4.5%), encouraging first-time buyers as well as current homeowners to seriously consider the housing opportunities available throughout Denver, and in virtually all price ranges. Mortgage and appraisal regulations have created new challenges, however we have learned how to prepare for these changes. The jumbo mortgage market (loans over $417,000) has become more flexible with underwriting standards for qualified borrowers, and the rates are highly competitive. Continue reading
Denver is now a perennial favorite on Top 10 lists that rank metro areas as best for job growth, business health, high-tech concentration, happy people and more. That’s not surprising, given the fact that Denver has added 27,000 new jobs and 1,500 businesses to its economy since 2011, according to Denver Mayor Michael Hancock’s recent State of the City address.
As for lists, Metro Denver has a new claim to fame as the “Baby Boomer Capital of the World,” with 300,000 people, aged 55-64, living here. That’s according to Boomers Leading Change in Health, the local arm of a national community-oriented movement for adults 50+.
On the opposite end of the spectrum, the National Association of Realtors® places Denver third as a “best purchase market” for millennials (born 1977-2000) who comprise a group economic force of 75 million nationwide. NAR estimates Denver has about 15 percent of U.S. millennials and continues to experience a “solid inflow” in this age group attracted by jobs and lifestyle.
The boomer empty nesters, as well as the up-and-coming 20/30 somethings, are Continue reading
Shannel Ryan, managing broker of the Cherry Creek and Clayton offices of Fuller Sotheby’s International Realty (FSIR), has been elected to the Board of Directors for the Denver Metro Association of Realtors ® (DMAR).
Ryan, who also is FSIR’s vice president of marketing, has more than 20 years of real estate experience, particularly in the Colorado residential luxury market. Her expertise includes being involved in every aspect of running a successful brokerage – from broker associate, office manager and marketing, to accounting, licensed assistant and managing/employing broker.
Under Ryan’s direction, the Clayton office was recognized as the top producing office of its size by DMAR in 2013 while the Cherry Creek office ranked 2nd in volume production to FSIR’s DTC office categorized with 31-50 brokers.
“I am very excited to take a larger role in DMAR,” Ryan said. “The strength of DMAR sends a clear message to all of our clients that specialty real estate services are a necessity in every type of market no matter how tame or turbulent.”
A Denver native, Ryan holds a degree in Political Science from the University of Colorado at Boulder.