Fuller Sotheby’s International Realty reports a solid month of March for Denver luxury home sales


27Apr 2012

Fuller Sotheby’s International Realty outpaced the market during a strong showing for luxury real estate sales in Denver during the month of March.  Overall, the entire Denver market achieved $84.4 million in sales of homes priced over $1 million, and homes listed by FSIR were on the market for an average of only  21 days (well ahead of the market average of 33 days, as reported by Metrolist).  FSIR also had the most expensive listing in March at $4.5 million and highest average sales price at $2.283 million compared to Metrolist’s average of $270,000.

“Fuller Sotheby’s International Realty continues to be looked upon as the preeminent company for people who want to buy or sell a luxury home, and the results we achieved during the month of March further exemplify our knowledge of and experience in the market,” said Scott Webber, President of Fuller Sotheby’s International Realty.  “Our brokers and company as a whole won multiple awards at the Denver Metro Association of REALTORS® 2011 REALTOR® Roundtable, including being recognized as the Top Producing Office in 2011 with more than $690 million in closed sales volume. We are consistent producers, who work hard to deliver the results our clients expect.”

According to the Metrolist Report, the number of homes sold in March 2012 was up 63 percent from February, and up 48 percent from March 2011.

“We believe, along with other market experts, that the increased sales numbers indicate that the upcoming spring and summer months hold a great deal of promise for selling a luxury home, and that now is the time to strongly consider putting a home on the market for sale,” said Webber.  “Inventories are down from a year ago, as are ‘days-on-market’, making conditions very favorable for those who are thinking of selling their home.  It’s a good time for both buyers and sellers in the Denver market.”

The Red Baron’s legacy lives on in this Denver, Colorado Castle


5Apr 2012

Richthofen Castle

In the late 19th century, the uncle and godfather of the famous German World War I flying ace, The Red Baron, moved to Colorado to pursue business interests and immerse himself in Colorado’s beauty.  Baron Walter Von Richthofen quickly purchased 320 acres of land that he named “Montclair” and began building what is today one of Denver Real Estate’s most iconic and famous residences:  The Richthofen Castle for sale.

Today, the castle is the centerpiece of one of Denver’s most charming and desirable neighborhoods, and it is for sale for the first time in nearly 30 years.  Impressively designed and solidly built from Colorado rhyolite (a fine-grained volcanic rock, similar to granite in composition), it evokes a stature of nobility while also settling in comfortably with the neighboring Tudors, bungalows, Victorians, and traditional brick homes that are prevalent in Montclair now.

When Baron Von Richthofen completed the castle in 1887, he had plans to develop the surrounding land into a health and recreational resort.  At the same time, he stayed busy on the exquisite details of the castle, some of which include the original gold-inlayed and hand-tooled leather wallpaper (which remains in amazing condition), handcrafted dark oak woodwork, leaded-glass, a grand Porte-cochere and stone tower with crests and shields.  There is even a sandstone bust of Frederick “Red Beard” Barbarossa, which keeps a faithful lookout over the northwest corner of the property.

Richthofen CastleIn addition to the sale of the castle, the current owners are also planning to sell more than one hundred pieces of furniture and artifacts some of which belonged to the Baron and Baroness.  Among the more elaborate pieces are a huge Knabe concert grand piano, a hand-carved dining room table, chairs and buffets owned by the Richthofen family, countless pieces of artwork, vases, clocks and rugs gathered throughout the years from other significant mansions in Denver, as well as from all around the world.

“This is the only true castle in Denver, yet it lives very comfortably as a home,” notes Casey Miller of Fuller Sotheby’s International Realty.  “It is not dark, dreary, or dungeon-like as some might imagine when they think of a castle.  Instead, it is very bright, warm and inviting with four separate enclosed sunrooms.  All of the rooms have great sunlight and a grand scale, and the main living room is 61 feet in length!  The castle is situated in a great location, on over an acre of land, and in a historic Denver neighborhood where each homeowner takes great pride in maintaining their architecturally significant homes of varying styles. This is one of the most unique residences for sale anywhere in the city, the state and the nation.  Few can say that they live in a castle, much less one with such an incredible history and significance to Denver.”

Richthofen CastleIdentified by the National Register as “the most remarkable residence in Denver”, the 14,000 square foot Richthofen Castle is comprised of 35 total rooms, including a drawing room, library, music alcove, servant’s quarters, butler’s pantry, billiards room, “Red Baron Bar”, eight bedrooms, seven bathrooms and a wrap-around terrace and courtyard that are perfect for social gatherings.  The castle also had a moat at one time, fed by the Highline Canal, and although it is now filled with soil, the gated property remains very private, quiet and peaceful. In 1910, the castle’s owner at the time — E.B Hendrie — invested $2 million into the property to convert the second story of the front facade from a crenelated parapet fortress to a modified Tudor.  The architects were Maurice Biscoe & Jules Jacques Benois Benedict, two of Denver’s most respected and well-known architects.

red baron“The Richthofen Castle is a very important part of Colorado history, and the people of Denver love and cherish it as one of the city’s most unique and admirable residences,” said Miller.  “It has been cared for and maintained with a great deal of respect over the years, and the new owners will feel a true sense of belonging when they settle in.  It is truly a one-of-a-kind property, and a once-in-a-lifetime opportunity to purchase the most unique and intriguing residence in Denver.”

For more information regarding the Richthofen Castle, please visit www.RichthofenCastle.com or Fuller Sotheby’s International Realty.

Casey Miller Casey Miller
3033 E. 1st Avenue #500
Denver, CO 80206

Casey.Miller@SothebysRealty.com
Mobile: 720.201.2755
Office: 303.486.3722
Fax: 303.486.3701

 

Betts Lake Homes and Custom Homesites at CO Golf Club


25Jan 2012

PARKER, CO – January 24, 2012 – Colorado Golf Club land development partner Arendale Holdings and Fuller Sotheby’s International Realty (FSIR) have joined together to promote and market a range of properties at Colorado Golf Club, including 32 low-maintenance luxury homes in the Betts Lake neighborhood and all developer-held custom homesites.

“This is a perfect match of top brands in the luxury living space,” said Scott Webber, president of FSIR.  “Clients trust us to seek out the truly unique opportunities, and there is absolutely nothing like Colorado Golf Club in the marketplace.  This is Colorado living, with incredible views, dark night skies, a convenient location and the chance create a lifestyle that most can only dream of.”

To launch the relationship, Arendale and FSIR have released  a new collection of custom 10 homesites not previously available. Averaging more than two acres in size, the Phase I Collection sites feature a variety of topography, from ponderosa pine-forest hillsides to open meadows with sweeping 100-mile mountain views.  Flexible building envelopes allow for a variety of architectural options.  Homesites are priced from the $400’s.

Betts Lake serves buyers seeking a low-maintenance lifestyle and a streamlined building process. Award-winning architect Karen Keating of Golden, Colorado-based TKP Architects has designed four different floorplans, each with a choice of elevations, multiple finish and fixture packages, as well as a streamlined building process.  The homes range from 2,000 – 4,500 square feet in size on half-acre to one-acre lots and all feature dramatic outdoor rooms and patios, creating additional living space and celebrating the outdoor lifestyle of Colorado.  Pricing begins at $1.1M.

“The Sotheby’s brand speaks to tradition, to luxury and to the exclusive lifestyle that Colorado Golf Club embodies,” said John Kunkel, vice president at Arendale Holdings. “We have a great story to tell, and Fuller Sotheby’s International Realty is the perfect partner to reach our top prospects and audiences.”

Information and tours of the real estate at Colorado Golf Club are available by contacting Wanda Ford of Fuller Sotheby’s International Realty at 720.320.8901 (wanda.ford@sothebysrealty.com) or calling the Colorado Golf Club sales offices at 303.840.0090. More information is available at www.fullersothebysrealty.com.

Promising Economic Indicators Across Colorado


27Sep 2011

Colorado’s economic future is improving in 2011, according to multiple reports. According to the Denver Post, experts predict positive job growth in the fourth quarter, particularly in the manufacturing, transportation, and information industries. A majority of employers plan to keep current staff and 16% plan to hire new employees. In addition, fewer Colorado employers plan to cut payrolls than the national average. This bright spot in the state’s economic forecast comes on the heels of encouraging federal data that ranked Colorado 19 out of all 50 states in 1-year job gains.

Rapidly-expanding private companies continue to drive job growth in Colorado. Fourteen Colorado companies made Inc.’s top 500 list  of fastest-growing private companies, with four breaking the top 100. Federal data showed economic growth across the state in 2010, and cities like Boulder, Colorado Springs, and Fort Collins actually surpassed the national average of 2.5%.

Labor Day saw fewer travelers to the mountains this year, due in part to rising fuel costs—but promising retail numbers showed that those who did vacation in the Rockies spent twice as much as they did last year. Despite a slight decline in tourism, Colorado is a popular destination for older Americans looking for a place to retire, with Broomfield coming in at #1 on a Forbes report of top suburbs for retirees.

Denver is Nation’s Fastest Selling Market


24Aug 2011

According to Realtor.com, Denver has the lowest home inventory in the nation. Denver homes are on the market for an average of 39 days, 53 days less than the national average of 96. Denver has seen a 32.6% inventory age drop since 2010, the 3rd largest percentage drop nationwide behind Philadelphia, PA and Savannah, GA.

Read more at Insiderealestatenews.com and here.

LEED-Certified Residential Building Opening in Downtown Denver


18Aug 2011

An eleven story LEED-certified residential building is set to open in downtown Denver’s Arapahoe Square in late 2010. Zocalo Development planned the project as a continuation of the LEED-certified residential complex Solera, which opened in 2010. The $60 million dollar project is expected to revitalize the Arapahoe Square area of downtown and bolster Denver’s reputation as a leading Green city. Read more.

Denver Residential Real Estate Sales Top $1B in July


18Aug 2011

Residential real estate in Denver passed $1B in sales volume in July, according to a report compiled by independent broker Gary Bauer.  Using MLS statistics, the Littleton-based realtor found that residential sales have topped $1B for two consecutive months. Though sales volume has decreased slightly since June, the numbers are up significantly from July 2010. The number of unsold homes fell in July, down two percent from June. Read more.

Denver ranks seventh among America’s best cities for young professionals


29Jul 2011

The Denver/Boulder metro area ranks seventh and Colorado Springs is number eight among America’s best cities for young professionals according to a report compiled by Forbes magazine.

The report looked at several factors including unemployment rate, job growth projections, number of businesses, and cost of living to determine which cities hold the most promise for recent college grads. De Moines, Iowa topped the list due to its low cost of living and 5.3% unemployment rate. While Denver’s overall unemployment rate hovers just below the national average at 8.5%, the city ranks third in annual job growth thanks to a healthy number of small business and large corporations such as Lockheed Martin.

Denver is Fourth Worldwide for Energy Professionals


21Jul 2011

The Denver metro area, including Boulder, ranks fourth among “up-and-coming” energy cities for oil and gas professionals, according to a survey conducted by industry website Rigzone.com.

Beating Denver for the top three spots were Dubai (UAE), Calgary (CAN), and Rio de Janeiro (BRA). While cities like Houston are well known for being oil and gas cities, the Rigzone survey asked participants to consider quality of life issues, weather, professional conditions and overall appeal. Denver was the only U.S. city to make the list and one of three in North America.