The most expensive home ever to hit the market in Denver is priced at $ 21.5 million.
The 9,446-square-foot mansion on 9 Polo Club Lane, which is 6.5 acres in the Denver Polo Club neighborhood, was listed last week.
“To say this is an opportunity for generations is an understatement, and I think someone who wants a collection of land that looks like a park in the middle of a city will realize that such an opportunity is not often offers, “said Listing Agent Josh Behr with LIV told Sotheby’s International Realty.
The property is owned by Diane and Marshall Wallach, according to public records. Diane is the daughter of Charles C. Gates Sr., who with his brother John Colorado bought Tire & Leather Co. in 1911 and renamed it Gates Co. They expanded it from a tire manufacturer to a diverse rubber manufacturer before selling it to London. founded Tomkins PLC in 1966 for $ 1.16 billion.
In the 1960s, Diane’s brother Charles C. Gates Jr. diversified the family business under the name Cody Resources, investing in oil and gas, land, water and real estate.
The property has been owned by the Gates family for decades, and Diane inherited the property after her brother’s death in 2005.
The most expensive residential property ever sold in the Denver metropolitan area is a 6,800-square-foot penthouse on the Four Seasons building in downtown, which cost $ 16 million in March 2020. Dahlia St. in Cherry Hills Village, which sold for $ 13.95 million in 2008, took the top spot.
Courtesy LIV Sotheby’s International Realty
The house was designed by CLB Architects and rebuilt by Shaw Construction in 2013.
In 2013, the couple commissioned CLB Architects from Wyoming and Shaw Construction from Denver with the planning and reconstruction of the new modern house and its guest house. It is surrounded by mature trees and oriented in such a way that one catches the view of the park-like lawns and gardens, said Behr.
“The land alone could easily get $ 15 million or $ 16 million just for the dirt because there are two lots in addition to the 3.8 acres the house is on,” Behr said.
Address: 9 Polo Club Lane, Denver
List price: $ 21.5 million
Statistics: The main house has four bedrooms and five bathrooms over 8,417 square feet including a finished lower level. The 1,000 square meter guest house is connected by a breeze and offers two bedrooms, a kitchen as well as a spacious family room and a dining area.
The beautiful things: The highest listed property in Denver was inspired by the designs of famous architect Frank Lloyd Wright, said Behr. Wright liked to mix houses with organic architecture into their surroundings. The polo club house has organic materials such as sapele and alder wood paneling, as well as Colorado sandstone over the roof lines and deep overhangs, as listed.
Inside there is a kitchen area, temperature controlled greenhouse, and the living room is lit by a wall of oversized windows. Two libraries, a study and the master suite with fireplace, walk-in closet and large bathroom are also located on the ground floor. The finished basement includes three bedrooms, a fitness area and a steam shower.
Outside there is a five car garage, pool and hot tub, guest house, perennial gardens, and three fountains.
Seller: Diane G. and Marshall Wallach. Diane is the director of MCT Inc., a private financial services company, and also sits on the board of Gates Capital Management, which is chaired by Marshall and which, according to her biography on the Gates Capital Management website, invests much of the family’s wealth.
Listing Agents: Josh and Linda Behr at LIV Sotheby’s International Realty