High-rise residence hits Denver’s ultra-competitive luxury condo market

LIV SIR captures top five sales in Denver metro, reporting growth in luxury home sales
January 15, 2018
Year-End reports demonstrate growth in Colorado real estate
January 17, 2018

High-rise residence hits Denver’s ultra-competitive luxury condo market

A spectacular, custom-built residence, situated on the 26th floor of the Pinnacle Residences at City Park South, 2990 E 17th Ave, #2602, is like no other luxury listing currently available on the Denver luxury condominium real estate market. Exclusively listed by LIV Sotheby’s International Realty, the residence features picturesque open living spaces, dramatic views, and is one of only two other homes on the 26th floor of the Pinnacle Residences at City Park South. Penthouse-level homes rarely become available given Denver’s increasingly competitive market for luxury condominiums, and this unique offering truly represents the ultimate in Colorado urban living.

 “There are only a handful of true luxury high-rise condominium buildings in Denver and even fewer that give you one third of an entire floor,” said LIV Sotheby’s International Realty listing broker, Jared Blank. “Of those select few buildings, there are not many that offer the height advantages that this 26th floor unit possesses, while also offering truly unobstructed panoramic views.”

Comprising the entire Southwest Corner of the floor it occupies, the residence frames unrivaled panoramic views of the Downtown Denver cityscape and mountains-  a perspective which is extremely rare to find. With three balconies and nine-foot, floor-to-ceiling windows, the unit showcases views of the entire front range, spanning from Pike’s Peak to the Boulder Flatirons.

Within the home, the floorplan was built befit for both entertaining and luxurious living, and the residence’s hand-selected, designer custom finishes are second to none. With its intelligently designed living spaces, the home has hosted charity events that have comfortably accommodated an excess of 50+ guests.

This offering is truly unique, based on Denver’s increasingly competitive luxury condominium market.

The Denver condo market has seen significant demand, with an impressive 200% increase year-over-year in total sales. According to DMAR (Denver Metro Association of Realtors), 10.5% of all total sales over $1million in 2017 were condo sales.

To date, condo sales have never exceeded 8% of the luxury market until now. Buyers are demonstrating their affinity for convenience, luxury, and a maintenance-free lifestyle, and these sizable condos are now serious options (when considering their single-family home counterpart), when it comes to the home search.

At over 3,400 square feet, this spectacular three-bedroom, 3.5-bathroom residence offers unparalleled single floor living in a building that appeals to buyers ranging from Millennials to Baby-Boomers.

“Style, sophistication, and convenience are all part of the experience of being a resident at the Pinnacle,” said Blank. “Amenities include rooftop pool and hot-tub, concierge services, state-of-the-art fitness center, luxurious guest suites, media-room, wine lockers, and relaxing lobby areas. The home also includes three secure garage parking spaces conveniently located right next to the elevator.”

The City Park South neighborhood is located directly across from Denver’s City Park, under 10 minutes to Downtown and Cherry Creek, minutes to cultural attractions including the Denver Zoo and Natural History Museum, and a short walk to some of the finest restaurants in the city.

2990 E 17th Ave, #2602, Denver, Colorado, is listed for sale by LIV Sotheby’s International Realty for $1,895,000.

For more information, please contact LIV Sotheby’s International Realty brokers, Jared Blank, at 303-521-5025, or Steve Blank, at 303-520-5558. To list your home for sale with LIV Sotheby’s International Realty, please visit www.livsothebysrealty.com or call 303.893.3200.

Comments are closed.