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Mansions in the Mountains: Colorado’s Luxury Home Market
July 26, 2021

Mansions in the Mountains: Colorado’s Luxury Home Market

by The CE Shop Team

Luxury Living in the Rocky Mountains Has a Price

Over the course of the last year, Colorado’s real estate market has seen a boost in activity across the Front Range and mountain-resort regions. Following the height of the pandemic lockdowns, homeowners realized how important their homes were and decided to take advantage of the historically low-interest rates to make their dreams of living in the mountains come true. Consumers’ need for homes that offered not only comfort and safety but also a luxurious lifestyle tucked in the aspens of the Rockies drew hundreds to Colorado.

This wave of motivated affluent buyers flooded Colorado beginning in late spring of 2020, and the market’s momentum has continued into this year.

Colorado’s Thriving Luxury Home Market

According to the monthly micro market reports from LIV Sotheby’s International Realty (LIV SIR), the luxury sector of the real estate market in Colorado has performed well above projections as almost all luxury markets have reported growth from last year. In the Denver metro area, the total sales volume reported hitting a record high 98% change year-to-date in March 2021. Here are the following markets’ performances from January through June of 2021:

Market Increase in Total Sales Volume Total Sold Sales Volume
Denver Metro 38% $27,718,287,062
Boulder County 65% $2,306,058,451
Vail Valley 97% $1,374,079,367
Telluride 153% $604,261,484

The significant increase in overall sales volume is the end product of a rise in the number of luxury homes sold and consequently, the quick rise in appreciation of home prices.

Available Luxury Homes in Colorado

The following list highlights Colorado’s premier homes for sale that are still on the market (as of writing) after the real estate feeding frenzy the state experienced in 2020.

2605 18th Street - Denver, Colorado - $5,500,000

Located in LoHi, this Denver behemoth was designed by BOSS.architecture and constructed by Montare Builders. The custom home blends outdoor and indoor living seamlessly in the kitchen and dining rooms. The open floor plan was thoughtfully designed for easy entertaining along with creating a flexible, multi-purpose space. Just imagine the possibilities that could unfold in this gorgeous, 7,261-sq.ft. home!

Home features:

  • 5 bedrooms
  • 5 full bathrooms
  • 1 partial bathroom
  • 7,261 sq. ft.
  • 0.10 acre
  • Wet bar
  • Mountain views
  • Downtown access

333 Bellevue Drive - Boulder, Colorado - $14,250,000

Resting in the valley leading to the Flatirons is a sophisticated stunner of a home that utilizes glass to bathe its residents in natural light. Perched above Boulder, this beautiful estate offers breathtaking views of Boulder, Denver, and, of course, the Flatirons. This private property is gated and stretches over an acre. Perfect for sunny days basking outside with plenty of amenities indoors for chilly winter days, this contemporary castle on the Front Range is a rare find.

Home features:

  • 5 bedrooms
  • 6 full bathrooms
  • 2 partial bathrooms
  • 11,268 sq. ft.
  • 1.25 acres
  • Library
  • Spa
  • Home theater
  • Home office
  • Outdoor kitchen
  • Four-stall garages
  • Views of the Flatirons

1220 Watson Divide Road - Snowmass, Colorado - $49,500,000

Dubbed Four Peaks Ranch due to its proximity to Snowmass Mountain, Capitol Peak, Mount Daly, and Mount Sopris, this mountain sanctuary is ideal for those seeking solitude in style. Gated for extreme privacy, the home’s pristine outdoor paradise comprises 876 acres featuring 15 miles of private trails for hiking, mountain biking, or horse riding. A stocked pond with a private beach awaits those looking to take it easy. Stepping inside the 18,000 sq. ft. home, the living space spares no expense, sporting detailed exotic finishes throughout the Craftsman-style home. The indoor spa is the peak of luxury with a chromotherapy tub and a vitamin-D infused sauna and steam room. Four Peaks Ranch is for those that want it all without having to leave their home.

Home features:

  • 7 bedrooms
  • 8 full bathrooms
  • 3 partial bathrooms
  • 18,000 sq. ft.
  • 876 acres
  • Outdoor pool
  • Indoor pool
  • Spa
  • Putting green
  • Billiard room
  • Garden
  • Home gym
  • Home theater
  • Outdoor kitchen
  • Wine cellar

Luxury Real Estate Market

Are you daydreaming about touring and selling impeccable properties like these? Becoming a luxury real estate agent isn’t impossible, but it does take a lot of hard work and dedication to serve clients whose time is quite literally money. Understandably, then, mastering this market requires significant patience and a solid work ethic.

Each property is unique, and it requires vision to highlight the one-of-a-kind features found in the home. It’s also worth noting that, while the commission checks tend to be larger for luxury real estate agents, they’re also less frequent. These glamorous homes often appeal to a smaller audience who typically take years to locate and then successfully navigate the purchasing process.

If you’re interested in becoming a luxury real estate agent, we have a guide to help you break into this lucrative niche here.

Ready to Start Your Colorado Real Estate Courses With The CE Shop?

Enroll in our innovativePre-Licensing courses now to get your career started and begin connecting your fellow Coloradans with the real estate they’re looking for, or keep going strong with one of our comprehensive, 100% online Continuing Education packages. Want to keep up with the latest news? Join our Mountain West Real Estate Facebook Group!

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