This Colorado “village” is the second-richest city in the country

You'll need at least $1.5M to buy in.

New York Weekend Edition /
Apr.April 01, 2018 03:55 PM

(Credit: Pixabay)

To live in Cherry Hills Village you’ll need at least $1.5 million to buy your house — and most of the high-end ones go for between $5 and $7 million.

The 6,000-person enclave of Cherry Hills, 10 miles south of Denver, has an average annual income of nearly $400,000, according to Bloomberg, and has a phone book that reads like Rolodex of who’s who of Denver celebrities.

“You have Broncos players and Colorado Avalanche players who choose to call Cherry Hills their home,” LIV Sotheby’s International’s Jeff Hendley said to Bloomberg. “You have the C-level executives of publicly traded companies living here. You’ve got tech people moving in, and people in oil and gas.”

The most expensive home listed in Cherry Hills at the moment is a $18-million, newly-built mansion on a 5-acre property. And Hendley expects homes prices to grow by 8 to 10 percent in 2018 due to an influx of people moving into the state and local buyers looking to upgrade their homes. [Mansion Global]Erin Hudson


Related Articles

arrow_forward_ios
The Nakagin Capsule Tower in Tokyo. (Getty)
Landmark Tokyo tower made up of cubes coming down
Landmark Tokyo tower made up of cubes coming down
The most expensive home in Baltimore County. (Townsend Visuals)
Most expensive home in Baltimore County back on the market
Most expensive home in Baltimore County back on the market
“The New Kings of New York” rockets to top of Amazon charts
“The New Kings of New York” rockets to top of Amazon charts
“The New Kings of New York” rockets to top of Amazon charts
172 Cedar Street in East Hampton LI
(Google Maps)
Huge Hamptons equestrian estate sold for $22M
Huge Hamptons equestrian estate sold for $22M
Molly Ringwald and Alexi Lubomirski (Getty Images, Credit Cristina Cote of The Cote Team)
Molly Ringwald’s former East Village townhouse hits market
Molly Ringwald’s former East Village townhouse hits market
27 Vandam Street, Hudson Square (Compass, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Hudson Square townhouse in contract at $15M could break area record
Hudson Square townhouse in contract at $15M could break area record
Silverback's Josh Schuster and Hopson's Chu Mang Yee with rendering of the project at 131-141 East 47th Street (LinkedIn, Getty, Ismael Leyva Architects)
Hopson nabs $156M for Midtown tower, agrees to part ways with Silverback
Hopson nabs $156M for Midtown tower, agrees to part ways with Silverback
Mayor of New York City Eric Adams (iStock/Adams via Paul Dilakian)
Mayor proposes restoring unstaffed voucher discrimination unit
Mayor proposes restoring unstaffed voucher discrimination unit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...