While many may believe that the wealthiest members of society live in the heart of big cities or in the countryside, they often reside somewhere in between: the suburbs. For San Francisco, it’s Atherton; for Boston, it’s Weston; for New York, it’s Scarsdale.
For Mile High City, it’s Cherry Hills Village.
With a wealth of superstar politicians, executives and athletes, Cherry Hills Village consistently ranks among the wealthiest towns in America. As such, real estate prices in the Arapahoe County community are competitive with other affluent areas of Colorado like Aspen and Snowmass Village. According to data from Zillow.com, the average home value sits at over $2.8 million, a 26.1% year-over-year increase.
Much of the Cherry Hills Village real estate market is made up of lavish properties on lots of 1 to 10 acres. Most of these impressive homes are over 10,000 square feet and have high-end features like indoor pools, tennis courts, and stables. At the median price, buyers can expect to find large four- to six-bedroom homes on modest lots. Mega-mansions on large plots, like this designer-designed space priced at $10.1 million, represent the upper echelon of inventory.
Check out these standout properties to see what draws Colorado’s elite to this affluent Denver enclave.
Peyton Manning’s Georgian Estate
Peyton Manning may no longer be a Denver Bronco, but the Hall of Fame quarterback still remains a Denver resident. Shortly after Manning signed with the Broncos in 2012, the quarterback paid $4.575 million for a seven-bedroom home he still owns to this day.
Inspired in part by Georgian design, the gated estate is fronted by a sweeping, stately lawn and features a red-brick house accented by ornate columns, shutters and oval windows. Traditional styles continue inside with features like black walnut flooring, intricate inlays and window mullions. The indoor space of approximately 16,500 square feet includes a wine cellar, a billiard room and a heated indoor/outdoor kennel.
Mike Shanahan’s massive mega-mansion
The Georgian estate isn’t the only Cherry Hills Village residence Manning has resided at. After signing with the Broncos, before moving into his own home, the legendary quarterback temporarily crashed in a sprawling mansion then owned by former Broncos head coach Mike Shanahan.
Built for Shanahan and his wife, Peggy, in 2008, the six-bedroom home is over 30,000 square feet. The Shanahans spared no expense during the design process, incorporating custom details like tile flooring imported from Italy, elaborate ceiling moldings, and imported glass for the home’s atrium.
With such extensive interior space, the mansion is capable of containing a host of entertaining spaces, including a two-lane bowling alley, poker room and racquetball court, as well as a wine cellar and a music room. Also housed on the four-acre property is a two-bedroom guest house and a 65-foot swimming pool.
The Shanahans sold the home in 2021 for $15.725 million, the highest sale for a single-family home in the Denver metro area at the time. The Denver icon who led the Broncos to back-to-back Super Bowl victories in 1997 and 1998, has owned multiple properties in Cherry Hills Village over the years.
Walmart Heir’s Four-Parcel Homesite
The Waltons, heirs to the Walmart fortune and America’s richest family, made headlines this month after winning the bid to buy the Denver Broncos for $4.65 billions of dollars. It’s not the only big purchase one of the Waltons has made this year. Earlier this year, Ben Walton, grandson of Walmart founder Sam Walton, acquired four plots of land from Cherry Hills Village totaling 8 acres for $22 million.
Three homes are spread across the four lots: a 3,127 square foot four-bedroom home; a 6,138 square foot four-bedroom home; and a 2,962 square foot four-bedroom home. Located south of Cherry Hills Country Club, the resort encompasses part of Little Dry Creek.
It is not yet known whether or not the purchase is related to the acquisition of the Broncos. Walton, along with his wife, Lucy, founded ZOMALAB, a Denver-based philanthropic venture focused on environmental issues in Colorado and Chile.
Russell Wilson’s Record Residence
After a March trade from Seattle to Denver, new Broncos quarterback Russell Wilson and his wife, singer-songwriter Ciara, wasted no time in putting down roots in the exclusive neighborhood. In April, the celebrity couple reportedly paid $25 million for a four-bedroom, 12-bathroom estate, making the sale the most expensive single-family home ever sold in the Denver area.
Nestled on a sprawling 5.34-acre estate, the mansion’s courtly exterior displays a mix of European styles, with a stone facade, dormer windows and half-timbered touches. The structure’s intricate layout creates unique interior spaces, including a double-height foyer, blue lacquered bookcase, and formal paneled dining room.
The master suite includes two boutique-style dressing rooms, two large bathrooms and two offices. Suitable for an athlete, the house includes a variety of recreational spaces, such as a lavish indoor pool, basketball court and yoga studio.
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Slifer Smith & Frampton Real Estate is a founding member of Forbes Global Propertiesa consumer marketplace and member network of elite brokerages selling the world’s most luxurious homes.