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Fuller Sotheby’s International Realty

Connoisseur Luxury Properties and Lifestyles

+ LoHi

Luxury in Denver’s Hippest Neighborhood

+ The Exchange What’s new in the World of Travel,

Style, Art & Design

+ Decorating Colorado’s New Home of Justice An Exclusive Look at the Art & Design of the New Ralph L. Carr Justice Center

2013 / Issue One


fullersothebysrealty.com Designed by noted Architect Burnham Hoyt

Lavishly appointed amenities include private elevator, state-of-the-art Bulthaup kitchen and artist studio

Mid Century Modern architecture at its finest

545 Circle Drive in Denver Country Club, offered at $4,195,000 Listed by Susan Mathews, Trish Bragg, and Maggie Armstrong 303.893.3200


Fu l l e r S ot h e b y ’ s I n t e r n at i on a l R e a lt y

ConnoisseurContents 2013 / Issue One

43

+ Features

06

48

What Is LoHi?

10  A Nod to New York

in Cherry Hills Village

12  D ecorating Colorado’s New Home of Justice

17 12 06

47 27

44

The Sotheby’s Exchange

47

Enchant Your Valentine

48

Painting the Town Blue

+ Property Portfolio

17 21 27 32 35 40 43 51

Denver The Villages Suburban Castle Pines / South Evergreen / West Boulder / North International Properties Broker Directory

303.893.3200 fullersothebysrealty.com Director of Marketing Meagan Griesel Senior Designer Holly Griebenaw

VP Marketing & Operations Shannel Ryan Designer Jon Hormachea

President R. Scott Webber Editor Amy Hill

This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. These offerings are subject to errors, omissions and changes including price or withdrawal without notice. ©MMXII Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity . Each Office is Independently Owned and Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.


What is

+LoHi?

The Highland native, the yuppie, the business exec, the flipper, the hipster. You will find them all congregating here.

Photo: © Kristopher Lewis

Riddled with as many regional acronyms as it has coffee shops, Denver much like its big city counterparts, embraces neighborhood monikers.

IT ALL STARTED BACK IN 1983 when former Denver Post columnist Dick Kreck coined the phrase “LoDo” in a column published by the Rocky Mountain News. Over the years, others have followed suit branding territories like River North – RiNo, South Colfax – SoCo, and South Broadway – SoBo, but its the latest addition to this string of nicknames that is getting all the

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attention. Bordered by I-25, 38th Street, Zuni Street, and Speer Boulevard is the area known as LoHi - aka the Lower Highlands. Historically dotted with Scottish, Italian, and Latin American Immigrants, non-Highland residents rarely frequented the area, save for a handful of foodies who made the occasional trek up the hill for authentic taquerias.


Today, LoHi is rooted with local establishments parlaying for dollars and space, as the insurgence of trendy boutiques and artisanal fare explodes.

Popular watering holes such as Linger and AleHouse at Amato’s garner attention for their cosmopolitan vibe and rooftop patios overlooking the downtown Denver skyline, while organic eateries like Rootdown, the Squeaky Bean, and Z Cuisine & A Côté satiate tastes for the unexpected. One part luxe, one part vintage, Z Cuisine and its neighboring twin sister À Côté are two of Denver’s hippest Francophile gems in fact. Tucked behind beautiful wrought iron gates, the brick enclave serves up delectable Parisian fare and smart cocktails courtesy of Chef Patrick Dupays. The À Côté side of Z’s is an Authentic French Absinthe Bar, where locals gather to wage war on old man winter by warming up with a sugar cube doused in a harmless, yet aromatic Boutique Absinthe. Others flock to Z’s for the Foie Gras, and the savory Cassoulet, but it is their traditional French Tartine – toasted artisan bread layered with imported cheeses, shaved ham, gently coddled egg, and béchamel sauce blanche - that is a sumptuous bite of perfection for any palette. The flavor combinations here are extraordinary. Another LoHi institution? Little Man Ice Cream. People line the block for a scoop of this vintage-style shop’s handcrafted small batches of the frozen treat – dishing up unique flavors like Salted Oreo, Pumpkin Chip, and Mexican chocolate. Seasonal Famer’s Markets and popular LoHi Music Festivals only add to the community’s charm.

From the pages of Forbes Magazine to countless “Top of the Town” lists, it seems that LoHi is everywhere. But it’s not just LoHi’s shops or award-winning cuisine that has the entire city raving – it’s location, location, location. What was once referred to as East Highland, is now transformed into a mecca for business execs and hipsters alike. As a direct extension of the 16th Street Mall with access to LoHi, Riverfront, and Downtown, now residents on both sides of the bridge have a wealth of entertainment options mere blocks from their doorstep. “With some of the most cutting-edge residential and commercial real estate in the Denver metro area, LoHi has arrived as another distinctly unique Denver neighborhood,” says Denver Mayor Michael B. Hancock. “Presently, the Office of Economic Development is working with several businesses looking to expand in the Lo-Hi market as well as helping for-profit and non-profit developers to expand and reinvest in the housing opportunities in this neighborhood.”

Continued on next page...

“With some of the most cutting-edge residential and commercial real estate in the Denver metro area, LoHi has arrived as another distinctly unique Denver neighborhood,” says Denver Mayor Michael B. Hancock

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The higly foot trafficked Highland Bridge - crossing I-25 to Central Street forever closed the gap between the Highlands and Downtown. Photos this page: © Kristopher Lewis

What is LoHi? continued... Attributed for its eclectic mix of Brownstones, Victorians, and modernday penthouses, LoHi draws in buyers of all types. You’ll find rentals circa 1960 going for $700 per month, to luxury high-rises that sell at $1 Million-plus - all in the same five-block radius.

are just a few of the bells and whistles in this home – all of which today’s buyer has come to expect from condos in the area. The dining room seats twelve, perfect for dinner parties, while large bedrooms, office space, home gym, and two private garage spaces accommodate the idyllic LoHi lifestyle.

A two-story penthouse at 1755 Central Street is currently listed at $1,225,000 – boasting 4,400 square feet with spectacular views of the downtown Denver skyline and Rocky Mountains from every room. Rooftop deck, professional grade kitchen, mosaic tile backsplash, granite island, and custom bar

Years ago, this type of property in the heart of Lower Highlands was unheard of. Nowadays, it seems builders and flippers are keen to the phrase, “if you build it, they will come.” And this couldn’t be more evident in the growth that has occurred here in recent years. In a sense, LoHi is a breath of fresh

+

air. An amalgamation that baulks in the face of cookie cutter developments and preordained city suburbs. It is a place that draws upon local appeal of small business and promotes a healthy, active lifestyle. It fosters a stimulating social scene, in the pursuit to have it all. Tail end Gen-Xers bolstered LoHi’s economy, while the Gen-Y’s resuscitated downtown flavor in a trendy, cultured atmosphere. In turn, entrepreneurs and engineers sprang into action, forever changing the makeup of LoHi as we know it. A new breed of clientele has made its way up the hill, and it doesn’t appear as if they’re going anywhere.

FACTS LoHi Real Estate

Homes sold 31.5% faster in 2012 than 2011 Average home price rose 20% since 2011 Number of units sold in 2012 = 107 Price Range: $100,000 - $1,000,000+ Average sales price in 2012: $414,179 Average price per sq. ft. in 2012: $268 Young first-time buyers, empty-nesters, wealthy second-home owners

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Data gathered from the RES and COND databases in Denver’s MLS.


Our New Location in

Cherry Creek North

Your Destination for

Luxury

Welcome to the newest addition of our Fuller Sotheby’s International Realty fleet. As the ultimate destination for luxury real estate, we are happy to announce our upscale retail location in Cherry Creek North at 255 Clayton Street is now open. Step into our designer showroom and marvel at all the extraordinary properties the Mile High City has to offer. Stop in today. We’d love to give you a tour.

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She has great taste and knows what she likes and what she doesn’t - that very combination makes a dream client!

Designer Katie Wolfe Agron

A Nod to New York in Cherry Hills Village One would assume that when a busy couple moves from Manhattan to Denver, the motivation would be a slower paced, more relaxing lifestyle. Not true for one couple that moved in hopes of a full house filled with loud laughter and constant pitter-patter. Vicki and her husband moved to be closer to their grandchildren - all within a mile of their new home. To be with her family more was exciting and made the transition an easy one, but the new purchase left much to be desired. The 2-story brick home was dated and covered in 1970’s carpet and cabinetry. “I didn’t know where to start. The thought of taking the home down to the studs was daunting… especially when I could not envision the end result.” shared homeowner, Vicki.

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As soon as Vicki started sharing her ideas and many magazine tear sheets, the collaboration began and half the house was designed in one afternoon. “She has great taste and knows what she likes and what she doesn’t - that very combination makes a dream client!” says designer, Katie Agron. The palette was decidedly consistent throughout the home to bring all the rooms together. “I wanted Vicki to feel comfortable when it was just her at home - the house was too large for just one couple but necessary to welcome the large family for dinners and sleepovers.” Agron explains.

One of the best features is the large brick patio at the rear of the home. Once we saw the view of the pond and ducklings, we knew we had to tear down half the wall, reducing the wall to just 24” tall- a perfect perch for the grandchildren to see the city wildlife. The upstairs bedrooms share the view with French doors opening to large, deep decks. The ‘blue room’ has just enough pattern to keep its sophistication while hiding the possible spills that may come from breakfast in bed.

When a client loves to cook and does so often for large dinner parties, each aspect of the kitchen is hugely important. “A galley kitchen is not an ideal layout but we were thoughtful and used every square inch. Adding a mirror backsplash at the sink really opened the space and installing tile all the way to the ceiling made the kitchen appear larger,” says Agron. The blue, navy and grey palette was a nod to New York, but the playful patterns and white trim and cabinetry throughout created a family environment that is cozy and inviting. Denver may not have Central Park or Bloomingdales but for Vicki and her husband, they have a new nest filled with all the things that make a home - their family.

Written by Katie Wolfe Agron Interior Design by Wolfe Design House Photography by Kimberly Gavin

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Ralp e h T

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h L . C a rr C o l o r a d o Ju di

cia

lC en te r


esigned by Fentress Architects, developed by Trammell Crow Company, and built by Mortenson Construction, the new Ralph L. Carr Colorado Judicial Center is built to endure. With it’s proposed 100-year plus lifespan, energy efficiencies, and highly sustainable features, the building is expected to achieve LEED Gold certification and support a more efficient state judicial system. An impressive group of ten artists were chosen to integrate art into the building’s design. Here, we reveal the story behind what adorns this neoclassical structure. Featured above, the awe-inspiring art piece entitled Scintillation consists of three elements: a terrazzo medallion map on the floor, focused lighting from above, and a 55-foot polished stainless steel hanging sculpture in between. Together, the three elements speak to who is served by the courts, the people of Colorado; the ideal of the constancy of the rule Continued on next page... of law; and the complex and always changing application of the rule of law.

Scintillation Ralph L. Carr served as 29th Governor of Colorado from 19391943. He was most widely known for his opposition to Japanese-American internment camps during World War II. Born in Rosita, Governor Carr was a native to Colorado, and raised in the town of Cripple Creek where he graduated high school in 1905.

Thomas Sayre | Raleigh, NC

The center was built to house the Colorado Supreme Court, Court of Appeals, Supreme Court Law Library, Office of the State Court Administrator, and other lawrelated state agencies such as the Office of the Attorney General and Office of the State Public Defender.

Certificates of Participation, Build America Bonds, and on-hand cash outlays secured the budget after the passage of Senate Bill 08-206 Justice Center. The project is being paid by court fees and reallocated rent revenues from the state agencies that will occupy the office building.

Photos at Right and Opposite Page: Jason A. Knowles © Fentress Architects

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Decorating Justice

continued

“Those legal ideas about fairness and justice are fully inspired by the laws of nature, the order in nature, its symmetry, proportion and balance are replicated in our legal system.” - David Griggs, Artist, Premise

Harmony & B alance Meltdown Glass | Phoenix, AZ

Premise David Griggs | Denver, CO The suspended luminous art elements of the Office Lobby are made of a special translucent resin with integrated LED lights. Above are dozens of organic leaves organized around a central “corona.” An abstraction of symmetry in nature, the intent is to reveal the proportions and order of natural objects, which speaks to the laws of nature.

Ralph L. C arr Gary Alsum | Loveland, CO This 110% life-size sculpture of Ralph L. Carr was created using the lost wax technique and cast in bronze.

This multifaceted installation is comprised of two major artistic components of kiln-cast textured art glass composed of dichroic and warm colored glass flecks hovering above visitors in the main lobby of the Justice Center. The glass provides the courthouse with a sense of solemnity, elegance and timeless beauty in which all people feel equal under the law.

“These artists have created pieces that inspire, speak to the rule of the law, and contribute a sense of balance and impartiality to those who visit and work there.” - Jil Rosentrater, Manager, Art in Public Places, Colorado Creative Industries Designers of the world-renowned Denver International Airport, FENTRESS ARCHITECTS were commissioned to design Colorado’s New Judicial Home.

78% of construction waste has

The Face of Justice Ken Bernstein | Boulder, CO Six 5-foot x 5 ½-foot portraits highlight the end columns of the law library and feature the diversity of Colorado’s population. The language of the law is both revealed and concealed within the portraits. Photos Courtesy Ralph L. Carr Judicial Center, unless otherwise noted.

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Photo: Jason A. Knowles © Fentress Architects

been diverted from landfills.


Photo: © 2012 Jackie Shumaker

“The Colorado Justice Center is about more than great design — it’s about civic design that will stand the test of time. It’s a product of collaboration and efficiency between many state agencies and stakeholders.” - Curtis Fentress, Founder, Fentress Architects’, FAIA, RIBA

This Promises Water Amy Baur | Minneapolis, MN The Grand Corridor features 130 feet of photographic imagery fused to ceramic tiles and low relief, handbuilt ceramic arc forms. Using a frit-based over-glaze enamel decal transfer process, high-resolution images are printed and then kiln-fired. Sources for the artwork are historical and contemporary photographs, native plant illustrations and vintage drawings of optical devices and surveying equipment.

40% of the external building materials from the previous court building have been recycled into the Justice Center.

The History of Written Law Walter Riesen & Trevor Wilson | Charlotteville, NY

Tsuru (Crane) Wowhaus | Sebastopol, CA

Justice for All

Tsuru, Japanese for Crane, is an ancient symbol of justice, peace, independence, and wisdom. The bronze whooping crane in flight has a 9-foot wingspan and is 8-foot tall. This majestic bird is revered as an emblem of justice and intelligence, a fitting addition as Sandhill cranes are known to migrate annually through the Denver environs.

Madeline Wiener | Denver, CO The six figures that span the exterior courts plaza are created from Colorado Yule marble and green granite. The lines sweep around these sculptures giving a sense of movement to the space, while the weight of the stone and the abstracted figures as benches invite visitors to sit, visit, play and interact with the justice center building. The exaggerated curves and simple forms are timeless.

Traditional stained glass panels are integrated into the building and feature etched ancient and historic texts on colored glass allowing for the images to read from the exterior more clearly.

Over 2,000 jobs were created during the design and construction of the project.

Judicial Doors & Peaceful Resolution Anne Shutan | Longmont, CO Vertical panels of different widths may bring to mind books on a shelf. These Mahogany doors with undulating curves and strips of bronze inlay represent knowledge, and the ordered complexity of the law and legal process. The curvilinear forms represent the human element and invoke water, which produces a universal sense of calm.

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The Property

Portfolio Extraordinary Homes for Extraordinary Lives

2583 Elk Valley Road • Evergreen, Colorado • Property ID: 4436244 • Todd Crosbie • Page 36

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Enchant your Valentine with the Extraordinary

Indulge your senses Pamper the love of your life with an array of luxurious treatments at the Four Seasons Spa Denver, such as the 5280 Gemstone Relaxation massage featuring an opulent blend of gemstone Azurite oil, infused with herbs to promote deep relaxation and ease tensions of the body and mind. After being lavished in luxury, why not enjoy an elegant meal at The Four Seasons Edge Restaurant followed by an overnight stay in a sophisticated Four Seasons Hotel suite.

Tempt your Tastebuds Savor extraordinary cuisine and gaze at the stars from an elevation of 6,000 feet at Boulder’s Flagstaff House - recognized by the New York Times, Forbes Magazine, and Wine Spectator. The stunning interior includes floor-to-ceiling picture windows, a richly crafted mahogany bar, a cozy fireplace and Andara crystal collection from around the world.

Let Your Heart Take flighT Sip from sacred springs Drink from the Manitou Springs, renowned for its healing properties, and then spend a romantic weekend at Cliff House, ranked in the Top 100 Hotels in the world by Travel + Leisure Magazine. Enjoy our special “Sotheby’s” rate of 15% off rooms in February and March 2013.

Hit a high note Fall in love all over again with the 1867 French Classic, Romeo and Juliet, performed at the majestic Ellie Caulkins Opera House at the Denver Performing Arts Complex. After the show, sip wine and sample desserts at one of the romantic cafes nearby.

Surprise your valentine with a tour of the Front Range by helicopter. Enjoy this thrill ride with spectacular views of the Rocky Mountains. Charter a flight for an aerial tour of Denver by night, or choose from other great locales like Boulder Flatirons, Red Rocks, and Loveland. Visit tyjglobal.us to begin planning your romantic adventure.

Garner Rave Reviews Take your honey to the stylish and artful Squeaky Bean, who just snagged the Denver Post’s first 4-Star Denver dining review in seven years – the highest possible rating. Visit fsirlocalflavor.com for a special offer from the Squeaky Bean exclusively for our readers.

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Painting the Town Blue Flight To Luxury Hangar Party 9.14.12 / Signature Flight Support Hangar A charity event held to support the Boys & Girls Clubs of Metro Denver. The evening raised $550,000 in support of the clubs, with Fuller Sotheby’s International Realty’s own Behr Team sponsoring the event.

Photos: © Taj Nahar / Noir Concepts

City Slicker Soiree 10.27.2012 / History Colorado Center Held to benefit Roundup River Ranch, a camp for kids with chronic and life-threatening illnesses that allows them to enjoy time experiencing their childhood. Debra Fagan and Wendy Handler of Fuller Sotheby’s International Realty were Ten Gallon Hat level sponsors of the event.

Photos: © Custom Creations Photography

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Memories in the Making Art Auction 6.7.2012 / Sports Authority Field at Mile High An art auction held to benefit the Alzheimer’s Association of Colorado. Pieces created by patients were on display and auctioned off to the highest bidder, with all proceeds going to the Alzheimer’s Association of Colorado.

Photos Courtesy Alzheimer’s Association of Colorado

Now Boarding 9.18.2012 / The Denver Art Museum & Museum Residences A toast to the Now Boarding: Fentress Airports + The Architecture of Flight Exhibit shown at the Denver Art Museum. A private cocktail reception for clients of Fuller Sotheby’s International Realty was held on the roof of the Museum Residences with exclusive viewings of the exhibit.

Photos: © Kristopher Lewis

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Fuller Sotheby’s International Realty

Connoisseur Extraordinary Properties and Lifestyles

Spring 2013

Empty Nesters and the Evolution of the

Main Floor Master + Real Estate Reports First Quarter 2013 Results Are In

+ Eye Candy

2013 Denver Designer Show House

Featured Artist

Bill Gian

Transforms Real Estate Signs Into Masterpieces


ENQUIRIES NEW YORK +1 212 894 1400

I

SOTHEBYSDIAMONDS.COM


Fu l l e r S ot h e b y ’ s I n t e r n at i on a l R e a lt y

ConnoisseurContents Spring 2013

15

+ Features

05  The Results Are In:

09

Smoking Hot Market

09  C ommon Threads:

The Art of Bill Gian

10  Empty Nesters and the Evolution of the Main Floor Master

12

Painting the Town Blue

58  E ye Candy:

12 21

2013 Denver Designer Show House

52

58 39

+ Property Portfolio

15 21 27 33 39 41 46 49 52

Denver The Villages Suburban Castle Pines / South Boulder / North Evergreen / West Vail Valley Broker Directory Farm, Ranch & Equestrian

303.893.3200 fullersothebysrealty.com Director of Marketing Meagan Griesel Senior Designer Holly Griebenaw

VP Marketing & Operations Shannel Ryan Designer Jon Hormachea

President R. Scott Webber Editor Amy Hill

This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. These offerings are subject to errors, omissions and changes including price or withdrawal without notice. ©MMXII Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity . Each Office is Independently Owned and Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.


The Results Are in Sotheby’s International Re alt y’s MICRO MARKET DATA Supports Me tro Denver’s “SMOKING HOT ” Re al Estate Marke t Fuller Sotheby’s International Realty (FSIR) released its Q1 2013 Micro Market Reports in late April, fueling the hype about Denver’s booming housing market. Denver Business Journal recently reported on the increasing sales price and near-record volume of sales for first quarter asserting, “A trio of monthly housing reports Wednesday all paint a picture of a smoking-hot residential real estate market for metro Denver.” The data, acquired Q1 2013 INSIGHTS from Metrolist Inc. sheds light on the market’s upswing, reporting a 46% increase in March 2013 marks Denver sales from February, and a 20% Metro’s lowest inventory increase when compared to level in 28 years March 2012. Number of sold listings both in single-family Number of listings under homes and condos were up contract remained steady from 2012, as well as average Sold listings were up 18.3% sales price.

In other areas such as Boulder, buyers are also feeling the pinch. “Spring is here and the Boulder real estate market is hotter than ever. Last year at this time I had 10 active listings and 2 homes under contract. Due to a short supply of inventory and high buyer demand, I now have 5 homes under contract and 1 listing. Everything that hits the market under $1 million sells very quickly, and often for higher than list,” says Michael Hughes, Broker at FSIR.

Overall, the micro market reports show Denver Metro inventory was down nearly 40% compared to first quarter last year. Off the tail end of a nine-month streak of increasingly low inventory levels, buyer demand continues to drive sales price up and shorten number of days on market. Historical data indicates the month of March as the lowest inventory level in 28 years, creating a frenzied market for buyers, yet an ideal environment for sellers.

Continued on next page...

from first quarter 2012

Homes sold 30% faster compared to same time last year

South Boulder in particular shows every home below $1.2 million either under contract or sold. Sellers are not taking any contingencies whatsoever, as there are many qualified and cash buyers who don’t need to sell other properties. If you have a home to sell, now is a great time to command a strong price with a short turnaround - and possibly sell without your home ever hitting the MLS (Multiple Listing Service).

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The Results Are In continued.. “For those buyers who have been searching for a new home, it isn’t easy. We are experiencing the lowest levels of inventory since the mid 1980’s, so when that perfect home does come along, buyers in this market are willing to pay way above market value, especially if the quality of construction is top notch. I experienced this firsthand with my most recent sale in the Country Club area,” says FSIR Broker Claudia Garza.

“My clients paid over $700 a square foot because of the superb construction, great location, and the simple fact that the home had not been publicly listed. When you put all of these factors together you get a very high sales price. The buyers did not want to take the risk of losing this particular home after 8 tedious months of searching.”

When that perfect home does come “along, buyers in this market are willing to pay way above market value. ” -Claudia Garza, FSIR Broker

BEST BETS WASHINGTON PARK EAST Neighborhood data is off the charts

BUYER PROFILE Wash Park East is not only popular for families, but is increasingly attractive to empty nesters who want the charm of an older home, and access to the culture the city has to offer. The proximity to the Old South Gaylord shops and restaurants give the neighborhood a local area to “hang out” creating a true sense of community.

MARKET WATCH Twice as many East Wash Park homes sold in this period over last year at an average price that was 18% higher than 1st quarter of 2012. The neighborhood is hot for several reasons, it has easy access to the Light Rail, bikes trails, 1-25, is within 15 minutes of Downtown, and 5 minutes of Cherry Creek North shopping district.

the country know that “thePeople...around park is not only beautiful, but a great place to do a variety of activities. ” -Kelly Birner, FSIR Broker

INTERESTING FACT “People not only from Denver, but around the country, know that the park is not only beautiful, but a great place to do a variety of activities,” says FSIR Broker Kelly Birner. “Walking, jogging, biking, boating, picnicking and volleyball are just a few of the activities. There are also many kid friendly activities throughout the year—the 4th of July parade in the park and trick-or-treating on Old South Gaylord are two very popular events.”

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BEST BETS City Park Showing tremendous appreciation and growth

BUYER PROFILE City Park is seeing an influx of young professional buyers. Singles and couples, and even families with young children are moving here to live in an up-and-coming urban environment. “These buyers are attracted to the old world architecture, the close proximity to Downtown Denver, availability of public transportation, and easy access to I25 and I70. City Park is a walkable neighborhood with a ‘cool’ factor,” says FSIR Broker Beth Sand.

MARKET WATCH Extremely low inventory in City Park is creating an auction-like atmosphere. Houses that come on the market at market price Extremely low inventory and even slightly above - are experiencing bidding wars. Within in City Park is creating an days of coming on the market, homes are under contract at auction-like atmosphere. above asking price and have a backup contract in place. “Those with houses to sell are essentially left out of our little ball game because sellers are unwilling to consider offers contingent upon the sale of the buyer’s current residence; why should they? They are getting non-contingent offers over asking price with quick closings,” says Sand.

INTERESTING FACT People are going to heroic efforts to encourage people to sell: homeowners in this neighborhood are receiving handwritten letters from potential buyers and mailings from real estate brokers who have fully qualified buyers and are trying to encourage those not on the market to sell. Long story short – it is the simple law of supply and demand. City Park is still a good value compared to other Denver neighborhoods with a high “cool” factor so the demand is through the roof. And there is little to no supply.

Platt Park Performing extremely well

BUYER PROFILE A typical buyer in Platt Park is someone who lives an active lifestyle, and desires to be near one of Denver’s most popular parks. The new developments on South Pearl Street are highly appealing to young professionals and families that are moving here and want walkability to shops and restaurants. In addition to the charm of brick Bungalows and Tudor style homes, buyers also enjoy accessibility to the Light Rail.

MARKET WATCH

Days on market have “plummeted 75% from 100 days to only 25 days... -Casey Miller, FSIR Broker

The opportunity for sellers may be strongest of all in Platt Park. “Days on market have plummeted 75% from 100 days to only 25 days on average and prices have increased by 14% year over year. Smart sellers are capturing this appreciation now, while inventories are low,” says FSIR Broker Casey Miller.

INTERESTING FACT Average price per foot is up an astounding 32% over this time last year.

ColoradoMicroReports.com Even in an area the size of metro Denver, market trends can vary dramatically from neighborhood to neighborhood. Fuller Sotheby’s International Realty compiles quarterly and year-end reports of micro-market statistics to help you make better real estate decisions. Visit www.ColoradoMicroReports.com for access to micro-market reports. If your community is not listed, or you’re unsure what the data means for your transaction, simply contact one of our expert broker associates, and we’ll be happy to pull a report for you and help you interpret the results.

303.893.3200 | 7


Common Threads Renowned Local Artist Bill Gian Brings Denver To The Masses It takes a rare breed to see the beauty of aged patina on warped real estate signs. Using a distressed technique to release layers of paint and texture to remnants, artist Bill Gian transforms one man’s ordinary into another man’s extraordinary. You’ll find these unconventional real estate signs gracing the walls of Interstate Kitchen & Bar - a trendy watering hole in Denver’s Santa Fe Arts District. But that isn’t the only local spot to get a taste for his work. Gian’s 16th Street Mall landmark buffalo sculptures have dotted the Mile High for the last two decades just one of his many contributions to the city’s artscapes. Gian finds pleasure in the subtleties of his work - a quirky phrase here, a brush stroke there. From hand painted garments sold at the Guggenheim Museum and Museum of American Folk Art in New York, to “Squiggles,” an award winning tactile story for the differently-abled in Arvada, Colorado’s sculpture park, Gian has dabbled in it all: painting, sculpture, performance art, interior design, garment design, furniture design, landscape design. “It’s all Gian. Some kind of Gian in it that connects it all. That’s part of the beauty of it,” he explains. His former Denver home - a transformed industrial compound featured on HGTV for taking steel and concrete to compelling new heights - brought Denver’s creative arts culture to the masses. “My roots are in Denver. I will always have a studio here. My dad is from here,” says Gian. “I’ve traveled the world, lived in New York, L.A., now San Francisco, but Denver will always be home.”

In March, Gian partnered with Fuller Sotheby’s International Realty for a live painting demonstration at the quarterly “theCLUB” event - a dynamic, industry Internationally recognized for his ability to work gathering and the first of its kind for the with different media, Gian is widely known for his Denver Metro in which fine property conceptual designs and creative playgrounds and experts assemble to share ideas, socialize, parks in Denver and the Bahamas, with potential and celebrate collaborative success. The upcoming projects in China, San Francisco, and on live painting, valued at $1,800 dollars the island of Crete. People seem to gravitate towards was auctioned off with full proceeds Gian’s masterpieces, and each have a compelling benefitting the Melanoma Research story to tell. “There is always a story behind what I I’ve traveled the world, lived in Foundation. Gian’s original artwork was paint or sculpt. I see a common thread between art New York, L.A., now San Francisco, inspired by the hustle and bustle of FSIR’s and real estate. People buy a place and want to make vibrant, new retail space in the heart of but Denver will always be home. it their own, and I help them with that when I do Cherry Creek North located at 255 -Bill Gian interiors or a commissioned piece of art.” Clayton Street. For information about Bill Gian’s art, visit www.giandesigns.com Aside from custom installations, one of his most popular offerings is a or stop into the Cherry Creek North retail office to view group class he calls Art Ranch. “I teach the physical and mental aspects of 16 pieces from his original collection, on display through painting. We jump up and down, yell, and let our sentiments pour out onto summer 2013. the canvas,” says Gian. “I tell people to seek out their dreams. It’s a beautiful thing. Very therapeutic.”

303.893.3200 | 9


Empty Nesters & the Evolution of the

Main Floor Master • Douglas, Arapahoe, Denver, Jefferson, and Boulder counties posted a steady increase in number of sales over the past three years. • All counties registered a 20% or greater increase in the number of main floor master sales with Arapahoe County coming in at a staggering 32% increase from 2010 sales levels. • This is greatly outpacing the Denver Metro market at large, which showed a 14% increase in the number of overall sales since 2010. • Average days on market for main floor master sales shows the same pattern of reduction of days on market as the whole MLS with 2012 days on market some 25% lower than levels in 2010.

10 | fullersothebysrealty.com

noun \-'nes-t r\ e

+THE FACTS

emp • ty nest • er

1 : typical purchaser of the main floor master. 2 : one of the most rapidly growing home-buying groups in the market. 3 : a parent whose children have grown up and left the home.

It’s Time. The kids have left the nest and the baby boomers are embracing change. Hence, the evolution of the main floor master. And just because you’re downsizing doesn’t necessarily mean you’re downgrading anymore. This influential, rapidly growing demographic has spending power, is living longer, and is trimming the excess in their lives without sacrificing on quality. “They want the luxury lifestyle, but in a smaller package. They still want the granite, stainless steel, and designer finishes,” says Ron Feldman, Broker at Fuller Sotheby’s International Realty (FSIR). “In place of living near the top rated schools they once prized, these buyers are opting for more in-demand locations, close to cultural and recreational attractions, and look to take advantage of all the tax and interest rate benefits today’s market affords.”

Main floor master demand has increased, as a large portion of empty nesters appear to be heading to and looking for a more urban lifestyle. Great shortages are occurring in Cherry Creek, Downtown and the Highlands and LoHi neighborhoods, where a “lock and go” low maintenance lifestyle is highly accessible. Cherry Creek North optimizes the ideal urban environment where empty nesters are flocking in order to have it all - close proximity to work, grocery stores, restaurants, and shops, with neighbors in the same age and income bracket. It is not uncommon for homeowners in Cherry Creek to invest in elevators for their chic single-family and townhome residences in order to make their non-main floor master more desirable to the empty nester. More so, builders and developers are putting elevators in new homes or designing homes for a future elevator. In the Denver Metro, main floor masters are a hot commodity. For-sale properties and new construction homebuilders - in areas where zoning allows - are scrambling to cash in on this high-demand niche buyer. “With the exception of couples with young children, the majority of my clients in the past


12 months have specifically requested a home with a main floor master,” says Cindy Gordon FSIR Broker. “I’m working with two clients right now that are waiting for the lots they want to be released at Montecito, a new development just south of Skyridge Hospital in Douglas County. They are offering three of seven floor plans with main floor masters. The initial interest was so great that they instituted a priority list for lot releases and are contacting people as lots become available. “ South Denver specifically has limited choices, with available main floor masters selling quickly. In Lone Tree, there have been some options in Ridgegate, which have sold out at a rapid rate. In Heritage Hills the choices for a main floor master are gorgeous, but start at around $800,000 which is more than some empty nesters are willing to spend. “Clients that are aging boomers, like myself, don’t seem

to be interested in fixing up a place. They want something move-in ready with top of the line finishes,” says Gordon. “Therein lies the challenge.” Tresana, a collection of condos and luxury townhomes in Highlands Ranch, has several floor plans with a main floor master, however there is currently a yearlong waiting list to get one built, and that is only for those already on their priority list who show up in person at a lot release and are lucky enough to have their number come up. People are waiting for years to secure a property that fits their criteria. Now more than ever, it is important for buyers and sellers to look to expert real estate professionals who specialize in finding properties that meet these wants and needs. One thing is certain, empty nesters are a growing buying group and the market will continue to evolve in order to meet the demand.

On The Market

Ideal Homes for the Empty Nester

Castle Pines Village, 4501 Mirage Drive $629,000 / Wanda Ford 720.320.8901

Cherry Creek, 2400 E. Cherry Creek S. Dr. #307 $639,000 / Steve and Jared Blank 303.520.5558

2012 average price per square foot of a main floor master is greater in all four counties than residential single-family price per square foot: County

Main Floor Master

Non Main Floor Master

Jefferson

$177

$128

Denver

$229

$176

Arapahoe

$172

$135

Douglas

$186

$143

Boulder

$189

$175

Bonnie Brae, 1666 S. Fillmore Street $835,000 / Ron Martinez 303.881.4662

+TIPS FOR BUYERS and SELLERS The benefits of buying or selling a one-story home or high-rise condo geared to this demographic are infinite if you pay attention to what empty nesters require.

Is the one-story age appropriate? Wide doorways, flush thresholds room to room, good lighting, kitchen cabinets with roll-out drawers, main floor laundry - these universal-design elements help buyers age gracefully, and can quickly enhance the sale of a property to the baby boomer. Add an elevator. A new home should be designed to support a future elevator, if not installed now. Although there can be difficulty in adding an elevator to an existing home, it will not only increase the value, but enhance perception that the listing is suitable for an empty nester’s needs.

Greenwood Village, 2701 E. Alexander Lane $1,595,000 / Debra Fagan 720.490.6402

Think convenience and simplify.

The art of downsizing can be a daunting task for those in the boomer age bracket who are used to 2,000-plus square foot homes with giant manicured lawns. Look at the upside of simplifying. Less house means less maintenance. Lower expenses, less taxes, and lower utility costs.

Keep your eye on the prize. Although inventory is tight, there are options out there. Partner with an expert real estate professional to help you navigate through the current marketplace and make a sound financial decision.

Littleton, 5900 S. Watson Lane $1,950,000 / Anne Dresser Kocur 303.229.6464 303.893.3200 | 11


Painting the Town Blue Nathan Yip Foundation Chinese New Year Gala 2.2.2013 / Marriott Denver Tech Center A handful of FSIR brokers were in attendance at the 11th Annual Nathan Yip Foundation Gala where 100% of the funds raised through ticket sales, auctions, and paddle raiser went to underprivileged children around the world. The Nathan Yip Foundation, inspired by the life of Nathan Yip, seeks to provide educational access, empowerment and ongoing support to vulnerable youth throughout the world, giving them the tools to become productive, contributing citizens within their communities.

Photo: © Blacktie Colorado / Pictured: Steve Blank, Agatha Kessler, Carrie Lee Manns.

Jane-A-Thon to Benefit Invest in Kids 3.8.2013 / Mary Jane in Winter Park 14th Annual Jane-A-Thon event held in Winter Park helped raise $90,000 for Invest in Kids, a non-profit organization whose mission is to improve the health and well-being of vulnerable children and families throughout Colorado. FSIR Brokers took to the slopes to raise money by collecting pledges per run/vertical feet completed while skiing or snowboarding.

Photos: Debra Fagan / Pictured: Sonia Chritton, Steve Bernard, Debra Fagan.

Joe King of The Fray Visits St. Mary’s Academy 3.11.2013 / St. Mary’s Academy

12 | fullersothebysrealty.com

Photos: Debra Fagan

FSIR broker Debra Fagan enlisted the help of headlining artist Joe King (Guitar/Vocals for The Fray) to participate in an auction item benefitting Roundup River Ranch - a camp where kids with chronic and life-threatening illnesses can truly enjoy the joys of childhood for free – forever. On Monday, March 11, Joe King visited the 7th grade class at St. Mary’s Academy, thanks to Todd Bondy, VP of Murray Motors, and his wife, Heather, who were the high bidders for Joe’s classroom visit at the City Slicker Soiree live auction last October to benefit Roundup River Ranch.


t h e CLUB

Event Featuring an Evening with Artist Bill Gian 3.20.2013 / FSIR at 255 Clayton Street

A quarterly industry gathering where fine property experts gather to socialize, brainstorm, and celebrate collaborative success. Held at 255 Clayton Street, FSIR’s new retail location in the heart of Cherry Creek North, renowned artist Bill Gian conducted a live painting demonstration for the silent auction that evening to benefit the Melanoma Research Foundation.

Photos: © Travis Conklin, Noir Concepts

Jon A. Yamamoto Brings Paris to Denver 3.1.2013 / Alliance Française Denver The Grand Opening of “Parallels,” a special exhibition presented by the Alliance Française Denver, invited locals to see and explore France’s great institutions, photographed by local artist Jon A. Yamamoto. Sotheby’s International Realty broker Bob McCarroll has been instrumental in many of the exhibition bookings and is a proud supporter of the Galerie d’Art.

Photos: © Adrienne Sommers

303.893.3200 | 13


The Property

Portfolio Extraordinary Homes for Extraordinary Lives

4601 S. Franklin Street • Cherry Hills Village, Colorado • www.4601SouthFranklinSteet.com • Susie Dews • Page 21

14 | fullersothebysrealty.com


Far m , R a n c h & E q ues t r ia n P r o p e rt i e s

32300 Woodland Drive, Evergreen, CO 4687 W Highway 24, Florissant, CO

345 Mid Valley Lane, New Castle, CO

11 Acres • 8,529 SF Home • $4, 275,000 farmandranchSIR.com Web ID: 4463808 Nancy Silverman & Andrea Webber 303.506.1640

280 Acres • 7,465 SF Home • $3,995,000 farmandranchSIR.com Web ID: 4455055 Doug Osinski 719.310.1875

21 Acres • 4 bd Home • $2,500,000 farmandranchSIR.com Web ID: 4432278 Mick Kelly 970.376.5617

7801 Valmont Road, Boulder, CO

8683 Cub Creek Trail, Conifer, CO

2280 Sally Lane, Castle Rock, CO

5 Acres • 4,781 SF Home • $2,250,000 farmandranchSIR.com Web ID: 20183170 Michael Hughes 303.359.6627

220 Acres • 1,200 SF Cabin • $1,800,000 farmandranchSIR.com Web ID: 1160802 John and Yvette Putt 303.882.2245

70 Acres • $1,350,000 farmandranchSIR.com Web ID: 20311766 Anne Dresser Kocur 303.229.6464

10800 Highway 9, Guffey, CO

1662 Salt Creek Road, Eagle, CO

10500 Highway 9, Guffey, CO

423 Acres • $1,200,000 farmandranchSIR.com Web ID: 4465475 Kerry Endsley 303.570.0267

10 Acres • 3,898 SF Home • $849,000 farmandranchSIR.com Web ID: 4347411 Mick Kelly 970.376.5617

80 Acres • Cabin • $325,000 farmandranchSIR.com Web ID: 4465482 Kerry Endsley 303.570.0267

303.893.3200 | 53


The Heartbeat of Colorado is calling. Discover the historic Aspen Creek Ranch.

C

entrally located in the heart of Colorado, just an hour and a half outside of Denver and Colorado Springs, lies 1,642 acres of rural wildlife, trophy hunting, gold medal fishing, canyon reservoirs, horse facilities, and cattle ranching on the historic property of Aspen Creek Ranch. The two-story, four bedroom, three bath main house built in 1885 is listed in the historic registry, with secured land rights signed by a handful of notable Presidential figures from Teddy Roosevelt to Herbert Hoover. The main house was completely renovated in 2008 to suit the needs and conveniences of today’s rancher, as well as a neighboring log cabin, and barns with preserved steel corrals. Located just north of Guffey, Colorado - a charming mountain town untouched by the nuances of modern day - you’ll find the only services for twenty-five miles in any direction, with two restaurants, one bar, a Post Office and one public telephone.

Details Address 10667 Highway 9 Location Guffey, Colorado List Price $4,900,000 USD Land 1,642 Acres More @ AspenCreekRetreat.com 54 | fullersothebysrealty.com

Bordered by Pike National Forest and Colorado State Trust Land, it offers seclusion and peacefulness not found in the city, with stunning mountain views for miles. Two year-round, springfed creeks flow through the ranch’s native grass pastures, nestled amidst dense Aspen groves, and pine and spruce forests - ideal for hiking and horseback riding. For over 120 years, this working cattle ranch has established bountiful, income-producing opportunities, complete with fully fenced, subirrigated pastures, 11,000 acres of adjacent land grazing rights, and water rights for multiple wells and structures. The ranch also serves as a winter

elk habitat, attracting herds of a hundred elk, as well as mule deer and antelope. Green solar and windpowered electricity provide power, and the property has available telephone - though you may be apt to leave that distraction behind. Ideal for corporate or family retreats, Aspen Creek Ranch is your gateway to the West - a perfect place for camping under the stars or enjoying an abundance of outdoor activities. With all-season access to HWY 9, 14ers in all directions, Pike National Forest next door, and two creeks and trout ponds, there is something for everyone. For more information contact Kerry Endsley at 303.570.0267 or visit www.fullersothebysrealty.com.


Discover One of Denver’s Most Extraordinary Gems Located in Prestigious Polo Club. Reminiscent of F. Scott Fitzgerald’s The Great Gatsby, this stately home offers luxury living at its finest. Its origin began as the original stables to the Polo Club dating back to 1927, later converted to a residence circa 1948. Purchased by the current owners in 1994, the property has endured two major renovations and additions, bringing it to its current state. The stunning terrazzo and bronze floor, as well as the floating staircase, are original. Much of the ironwork highlighting the doors and windows, in addition to the stone Doric columns, were salvaged from the historic Hughes Mansion, built by former Colorado Senator, financier, and socialite, Gerald Hughes. Ideally situated on one of the largest lots in Polo Club - just shy of two acres - the restoration, renovation, and addition to the home yields over 18,000 square feet of living and entertaining space. There are five bedrooms, nine bathrooms, formal and informal living spaces, a rare commercial-grade kitchen, full-size gym with a treatment room, and an eight-car motor court.

Details Address 530 S. University Blvd. Location Polo Club, Denver, Colorado List Price $5,945,000 USD More @ www.douglaskerbs.com

Polo Club has long been one of Denver’s most sought after residential neighborhoods, with gorgeous homes on large, private lots, and close proximity to worldclass golf, top-rated schools, and first-rate dining and entertainment options. Experience the craftsmanship, stunning architecture, and grandeur of one of Denver’s most extraordinary gems. Contact Douglas D. Kerbs at 303.898.7818 to set up a private tour, or visit www.530SouthUniversity.com for more details. 303.893.3200 | 57


EYE CANDY 2013 Denver Designer Show House 18 Of Denver’s Finest Design Firms Transform A Historic Property, 100% Net Proceeds Will Benefit The Children’s Hospital Of Colorado Sitting atop a gorgeous half-acre plot bordering Denver’s Botanic Gardens, 919 Vine Street sets the stage for the 2013 Denver Designer Show House - a biennial event in which Denver’s finest design firms transform a historic home to raise money for Children’s Hospital Colorado. Fuller Sotheby’s International Realty brokers, Trish Bragg and Maggie Armstrong co-chair the Denver Designer Show House Committee and selected this year’s home. “We loved the location, its history and its grandness,” said Bragg. “We know the designers will have a lot of fun transforming the spaces while being inspired by a beautiful palette of colors.” Located in Morgan’s Historic District, the grand arts and crafts style home was originally designed by architect Lester Varian and constructed in 1927 for local businessman and philanthropist Henry Porter. With over 7000 square feet, including 7 bedrooms, 8 baths, and a wrap-around porch, the home serves as an idyllic place to showcase Denver’s most extraordinary design talents for such an important cause. Some homes arouse a curiosity. A sense of wonder overcomes one to know what lies behind lit doors and windows – now is your chance. Be the first to view the 2013 Denver Designer Show House in all its glory at the Opening Night Cocktail Party June 6, 2013, with public tours available June 7,8,9 and 14,15,16. Visit www.DenverShowHouse.com for more details. 58 | fullersothebysrealty.com


Fuller Sotheby’s International Realty

Connoisseur Extraordinary Properties and Lifestyles

Summer 2013

Secret Gardens

Homes that Inspire

+ Living Denver Your Key to the City

+ The Luxury Report The Market is Hot, but How Hot?

Global Reach

Cherry Creek Shopping Center Gallery A Hub for International Homebuyers


MASTERPIECES IN THE MAKING

TM

THE SOTHEBY’S DIAMONDS COLLECTION WILL BE ON VIEW I N LONDON 14-26 JUNE ENQUIRIES NEW YORK +1 212 894 1400 | LONDON +44 ( 0)20 7293 6430 | SOTHEBYSDIAMONDS.COM


17 62

12 39 8

Contents

Summer 2013

+ Lifestyle Luxury Report

+ Property 7

The Market is Hot, but How Hot?

Living Denver

8

An inside look at some of Denver’s most extraordinary local attractions.

Secret Gardens

Denver

17

Follow FSIR’s recent social and philanthropic events.

The Villages

23

Suburban

29

Castle Pines / South

32

Evergreen / West

39

Boulder / North

45

Vail Valley

50

Farm, Ranch & Equestrian

52

Broker Directory

54

The Exchange

64

What’s new in the world of travel, style, art & design, wine and leisure.

12

A collection of homes that inspire cultivation.

True Global Reach

Painting the Town Blue 62

58

Sotheby’s Cherry Creek Shopping Center Gallery reaches visitors from around the world.

303.893.3200 fullersothebysrealty.com Director of Marketing Meagan Griesel Senior Designer Holly Griebenaw

VP Marketing & Operations Shannel Ryan Designer Jon Hormachea Editor Amy Hill

President R. Scott Webber Cover Photo Christine Humphreys

This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such.These offerings are subject to errors, omissions and changes including price or withdrawal without notice. ©MMXII Sotheby’s International Realty Affiliates LLC.All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC.An Equal Opportunity Company. Equal Housing Opportunity . Each Office is Independently Owned and Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.


On the Cover Fuller Sotheby’S InternatIonal realty

Welcome

Connoisseur Extraordinary Properties and Lifestyles

Summer 2013

Secret garDenS

Homes that Inspire

Summer brings us together, allows us to venture out and enjoy the sunshine, and is also the perfect time of year to buy or sell a home.

+ lIvIng Denver Your Key to the City

+ the luxury report The Market is Hot, but How Hot?

global reach

c

olorado summers are remarkable. It’s one of the few places in the world where all four seasons offer outdoor activity, adventure and beauty so unique and inspiring. There is never a dull moment around here, whether it’s the 300 days of sunshine, world-class skiing, hiking and biking, big time sports.... you name it. If it has anything to do with the outdoors and an active, healthy lifestyle, Coloradoans do it like no one else. Hiking to the top of Mount Evans becomes a memorable family excursion. Cozying up to a classic film at world-renowned Red Rocks Amphitheatre turns into a regular tradition. Exploring the melodic offerings at Jazz in the Park inspires us to relax. Summer brings us together, allows us to venture out and enjoy the sunshine, and is also the perfect time of year to buy or sell a home.

Cherry Creek Shopping Center Gallery A Hub for International Homebuyers

The incredible cover home, located in serene Castle Pines Village, is showcased in our Secret Gardens feature story found on page 12. Its lush gardens and imported European ruins draw you into a world that is at once vibrant and comforting. To read more about this exquisite estate, visit fullersothebysrealty.com. 1107 Northwood Lane Web ID 4464704

Metropolitan Denver real estate continues to get stronger, including the luxury segment over $1 million. Check out our website www.coloradomicroreports.com to see just how much activity your area has seen. As a leader in the marketing of quality residential real estate, it is our passion to provide outstanding service, expert knowledge, and unparalleled results. Sotheby’s International Realty ® is in the business of bringing together extraordinary people and extraordinary properties. Our team of expert brokers are qualified and prepared to mobilize every proprietary Sotheby’s resource to merchandise your property at the highest level of value. As in fine art, antiques, wine, and collectibles, the appeal of an extraordinary home is its distinctive character. Peruse our collection of distinguished residential properties on the market today in our 38-page, full-color property portfolio. Get fresh ideas on how to keep cool during the summer months, and stay in the know about what’s new in the world of travel, style, art, design, wine and leisure. You’ll find our finger is on the pulse of what’s happening in the market today – both locally, and around the globe – and as the sun shines on Denver, we would like to take a moment to wish you a happy and fun-filled summer. Thank you for graciously allowing us to be of service.

Five

Must-View Properties This Issue

1.

1133 14th Street #2320 pg 18 Denver, CO $1,500,000

2.

4601 S. Franklin Street pg 23 Cherry Hills Village, CO $4,750,000

3.

3815 Foxchase Way pg 34 Colorado Springs, CO

R. Scott Webber President Fuller Sotheby’s International Realty

$1,590,000

4.

4460 Hilltop Road pg 40 Evergreen, CO $1,750,000

5.

10809 N. 49th Street pg 45 Longmont, CO $16,900,000

303.893.3200 | 5


Luxury Report The market is hot, but how hot?

Metropolitan Denver and Boulder luxury home sales are on the rise. In May, 66 luxury homes and condos sold for over $1 million - up nearly 12% over the same period last year. Boulder County activity was the highest, with 92 sales over a $1 million out of the seven county region, which includes: Denver, Arapahoe, Jefferson, Douglas, Broomfield, and Adams counties. Fuller Sotheby’s International Realty, a leader in luxury property marketing, had one of the most expensive sales, a $3.1 million home in Boulder. Luxury home sales have improved largely because of overall economic growth and improved consumer confidence in 2012. New business start-ups and job growth suggest continuing improvement in luxury home sales. Of the many blockbuster announcements, Charles Schwab recently broke ground in early May on its $230 million dollar campus in Lone Tree for 2,000 current employees, with plans to bring on 500 more by 2017.

We are encouraged with the performance of the Denver luxury market, and we are confident it will remain healthy with growth and improved demand.

-Scott Webber

While the luxury market is getting more traction, the pace of home sales below $1 million has been stunning. Home prices across the board have seen a significant boost with the increased demand. In the seven county metropolitan area, the average sales price is up 8.6%, more than double the luxury segment where the average price is up 3% over last year. Total inventory for luxury properties is down 38% from 2012. Overall, metro Denver’s current housing market was built on the success of 2012 with continued improvement in first quarter 2013. Consumer confidence is up, reaching the highest level the Rocky Mountain western region has seen since early fall 2012. The 2012 Case Shiller index reported a 9.9% increase in Denver home prices compared to 2011. Today, Denver ranks 1st out of the study’s 20-city composite, with a 5.1% increase in home price over the last 5 years. “We are encouraged with the performance of the Denver luxury market, and we are confident it will remain healthy with growth and improved demand,” says Scott Webber, President, Fuller Sotheby’s International Realty.

66

9.9%

500

number of single-family

Percent increase in Denver

Number of new employees

luxury homes and condos

home prices compared

Charles Schwab plans to

sold for over $1 million in

to 2011, according to the

hire for their new Campus

metro Denver in may 2013.

Case Shiller index.

in Lone Tree by 2017.

Data provided by Metrolist, Inc. All information is deemed reliable but not guaranteed and should be independently verified. Neither listing broker(s) nor Sotheby’s International Realty® shall be responsible for typographical errors, misinformation, misprints and shall be held totally harmless.

303.893.3200 | 7


+LIVING DENVER

Denver is distinctive. It’s sophisticated and eclectic, and attracts a privileged 20,000+ new residents each year. From foodies to collectors, athletes to musicians, Denver has evolved into one of the most dynamic cities in the country. Here, we give you an inside look at some of the most extraordinary local attractions the Denver Metro has to offer.

Artful Exposé

Kirkland Museum of Fine & Decorative Art

Named after distinguished Colorado painter, Vance Kirkland (1904-1981), the museum has one of the most important public displays of international decorative art in North America, from the last quarter of the 19th century through the first three quarters of the 20th century. More than 3,500 works are on view from Arts & Crafts, Art Nouveau, Glasgow Style, and Wiener Werkstätte, to De Stijl, Bauhaus, Art Deco, Modern and Pop Art. What is truly unique about the Kirkland is its noticeably different atmosphere. The art is arranged in “salon style” with fine art - paintings and sculpture - shown in the same galleries with decorative art. Such displays offer a museum experience unlike any other. www.kirklandmuseum.org Pictured at left: Kirkland Museum interior: Dining Suite and Yellow Peacock Chair by Frank Lloyd Wright; glass table lamp by Daum; chair by Marcel Breuer; low table and cabinet by Edward Wormley for Dunbar Co.; paintings by Vance Kirkland, 1965, 1980, 1962.

Everyone’s Private Driver

Uber

For about the same cost as your standard cabbie, UBER’s sleek black car service arrives curbside in minutes. Upload your information to their online database and receive on-demand car service charged to your credit card. Plus your private driver will automatically send you a text message upon arrival. Luxury car service on a whim - now that’s something to write home about. Use promo code SOTHEBYS13 and receive a free ride up to $20 in Denver! Expires 8.1.2013, new clients only. www.uber.com 8 | fullersothebysrealty.com

Enduring Heritage

Goorin Bros.

Goorin Bros. Hat Shop in Larimer Square has been donning our pretty little heads with a variety of dapper, stylish caps and sunhats for years - but it seems lately, fedoras, newsboys, and oversized floppys are popping up everywhere. From celebs at the Polo Reserve, to hipsters in Denver’s theatre district – this trend is still rocking full force. Snag your handcrafted topper in lighter linens, cottons, and chambrays for summer now! www.goorin.com


+LIVING DENVER Pastry, Mussels, & Frites, Oh My!

Le Central

Conceived with the notion that French food doesn’t have to be stuffy, this quaint bistro offers a plateful of perfection for a fraction of the price. The Moules et Frites is reason alone to give Le Central a whirl, with several steamed variations of sweet black mussels paired with delectable French fries available all day, everyday. A variety of prix fixe menus, classical wine dinners, and exquisite desserts - prepared by in-house pastry chef Dominique Deniaud - take French feasting to an entirely new level. www.lecentral.com

Time Travel

Larimer Square Historic Walking Tour

Searching for an afternoon rich in history, shopping, and fine dining? Look no further than right here in your very own Mile High City. Did you know that Larimer Square is the oldest and most historical block in Denver? The vast expanse between the 14th and 15th blocks of Larimer Street is paved with an underlying historical presence, dating back to the earliest years of this booming miner’s town. Ten walking stops around the square take you on a journey from buildings, to statues, and everything in between. You can simply print out the walking tour map at www.larimersquare.com/history and be on your merry way.

Unlock Your Inner Sweet Tooth

Chop Shop

Tony’s Market

Tony’s Market is Denver’s most trusted butcher shop for the finest cuts of meat, plus they offer the very best deals on local specialty foods. With an extraordinary array of the chicest assortments, Tony’s Market has grown to encompass four retail locations throughout the Denver metro, from Castle Pines Village to Downtown. Michaelangelo Rosacci, aka Chef Mick, is the Corporate Chef and co-owner of the four Tony’s Markets. You may recognize Mick from his cooking segments on Denver’s Channel 7 News over the past decade or from the foodie pages of local newspapers. www.tonysmarket.com

Hammond’s Candy Factory Tour

Since 1920, the Mile High City has been the original and lasting home of Hammond Candies. Built upon the principle that “Nothing is more important the quality,” the candy maker has thrived, receiving acclaim in the Wall Street Journal, Martha Stewart Living, and Every Day with Rachel Ray. The factory’s products have expanded over the years from Honey Ko Kos, to Mitchell Sweets, and everything in between. These handcrafted treats are sold around the world in stores from Williams Sonoma, and Nordstrom’s, to Whole Foods and Dean & Deluca. Hammond’s complimentary candy factory tours have quickly become a Denver tourist attraction staple. Stop in and see how this famous candy maker crafts homemade candy canes, ribbon candy, lollipops, and more! www.hammondscandies.com Photo by McBoat Photography.

Have a Slice

Humble Pie

Step aside gourmet cupcake trend, this tasty made from scratch treat is making a comeback! Nothing short of dreamy, Denver’s own Humble Pie store broke onto the scene in small batches at local farmer’s markets and has since expanded into its own bakery and pie store with distributions in boutique shops and eateries. Find delicious seasonal favorites featuring the finest ingredients and products from Colorado purveyors and farms. www.humblepiestore.com

Dessert Bar

Crave

Located just moments from Denver’s bustling Performing Arts Center and the Colorado Convention Center lies CRAVE - an elegant dessert bar and lounge. Savor a fabulous cocktail, indulge in a sugarcoated confection, or sip a cup of joe. Open morning, noon, and night with a variety of chic eats. www.cravedenver.com

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+LIVING DENVER Roast to Order

Huckleberry Roasters

This artful roasterie was founded on the heartfelt and dynamic principles of three coffee aficionados turned entrepreneurs. Their mission was simple - make great coffee, and bring together a community based on the shared values of quality and respect, for both their products and the environment. Today they roast Denver’s most coveted coffee beans, one small batch at a time. Denver-based musical sensation, The Lumineers gave the roasters a nod via Instagram last fall, drinking the stuff while on tour. Get your own batch and see what all the buzz is about. Open by appointment only. Email huckleberryroasters@gmail.com to inquire. www.huckleberryroasters.com

Adventure on the Rocks

Experience it Live

Starting in June, nearby Red Rocks turns in to a mecca for Denver movie buffs as locals watch classics beneath stars in one of the world’s most spectacular natural rock formations. A geological phenomenon, the park also offers a variety of recreational activities year round, from guided tours, hiking and biking, and the always incredible summer concert series. You haven’t truly experienced the Denver lifestyle until you have made your trek to Red Rocks. www.redrocksonline.com

Pop the Can & Pour

Mountain Snowmelt

Boulder Falls

This 70-foot drop into Middle Boulder Creek is truly an incredible sight. Just minutes west of Boulder, the shaded canyon provides a haven from the summer heat. Immerse yourself in nature and enjoy the tranquil sounds of cascading waters upon Boulder Trail. Open April 30th through November 1st. www.bouldercolorado.gov

Infinite Monkey Therom

Hailed by the New York Times for bringing vino to the can, Infinite Monkey Therom gives nights around Colorado campfires a jolt of sophistication. The Infinite Monkey Theorem represents a counter culture in winemaking. No vineyard. No pretense. Working out of a back alley in the RiNo Art District, this urban winery focuses on the variables of wine making that really matter: buying the best grapes, harvesting them at their peak, and nurturing each batch. theinfinitemonkeytheorem.com

Turn the Page

Tattered Cover Bookstore

This Indie Bookstore is a literary landmark and has hosted such notable writers as J.K. Rowling, Julia Child, and President Bill Clinton. Forty years ago, the Tattered Cover began as a small store with 950 square feet of retail space in Cherry Creek North. Today it has expanded into one of America’s most treasured bookstores with three locations in the greater Denver Metro area. Stop in to explore the shelves and experience the nooks and crannies of this historical Denver institution. www.tatteredcover.com

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Secret Gardens A Collection of Homes that Inspire Cultivation

W

1107 Northwood Lane, Castle Pines Village. Photo © Christine Humphreys.

e all love the discovery of a hidden gem. Like the quaint corner bistro that becomes a lifelong favorite at first bite. Or when the perfect white bowl purchased for $3 dollars at a tag sale in New York turns out to be a priceless Chinese relic and sells for $2.23 million at Sotheby’s Auction House. These are the stories in which secrets become treasures. Thus, we were compelled to search far and wide for hidden treasures of our own - a collection of extraordinary homes with a “secret” if you will. What we found was truly inspiring. Since the inception of Frances Hodgson Burnett’s iconic 1910 children’s classic The Secret Garden, such magical places of seclusion, mystery, and life have been dreamt about, toiled over, and brought to fruition in gardens around the world. After all, gardens are admirable works of art, things of beauty not to be overlooked but relished and cared for, from the very first seedlings to each and every budding bloom. Just ask Sue Haskell, owner of 3061 S. Fillmore Way in Denver, quoted in the Rocky Mountain News for ‘Garden of the Week’ encouraging green thumbs, “Don’t get discouraged when something dies just keep trying. You have to figure out where plants are happy. Then you have to keep things under control. You have to be a little ruthless about pulling things out.” Here we present a handful of noteworthy secret gardens, all of which belong to homes that are ripe for the picking. Take a quick peek and see if one speaks to you. You may find yourself dialing for a tour.

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1107 Northwood Lane Castle Pines Village Curb appeal is an important factor when buying or selling a home, but what about those perfectly pruned petals that lie in secret spaces? This incredible Castle Pines Village home also featured on the cover of Connoisseur - offers both. A stunning nod to an authentic European Country Chateau, the property exudes craftsmanship with great attention to the small details that make a house a home. Imported European ruins hint to the prized secret garden that lies beyond. $2,795,000

23 Sunset Drive, Cherry Hills Village

3061 S. Fillmore Way, Denver

Perhaps a brick Tudor blanketed by delicate tendrils of ivy is your cup of tea? This home situated atop one of the most prestigious lots in coveted Cherry Hills Village has a garden to be envious of. Its lush manicured grounds complete with greenhouse, picturesque swimming pool, and horse barn are the cherry on top. $6,150,000

Home to its previous owners for over 30+ years, this secret garden has a touching tale. Featured in local newspapers, this property’s garden is one of remarkable beauty and grace, but also friendship. The owners used to have their party guests bring a flower or potted plant to share - the contributions ultimately formed a friendship garden that has flourished ever since. $695,000

1904 Kearney Street, Denver Offered for public sale the first time since 1972, this lovely estate rests amidst a secluded site on four city lots totaling 12,200 square feet. The story-and-a-half Craftsman Bungalow has quite a pedigree, as it is the only house in the Park Hill neighborhood to be listed in the Denver Landmark registry. Designed by renowned Denver architect George Louis Bettcher, the Kappler-Cannon-Fieger house was originally built in 1912 for Otto Kappler, former Secretary and Manager of the Brown Palace Hotel. The exquisite swimming pool sits atop the same footprint of the original pool buried decades ago. $1,280,000 14 | fullersothebysrealty.com


33791 Meadow Mountain Road Evergreen Rather than resembling the typical English gardens featured here, this property is more like a secluded mountain park. An artful balance of private retreats and communal gathering spaces highlighted by intricate southwestern details, this home was created to allow the outdoors in. Rocky Mountain views bathe the interior, yet it is the secret spaces outdoors that are just as intriguing. You’ll find waterfalls, green irrigated lawns, lush mountain vegetation, patio enclave, a cave grotto with hot tub, kiva fireplace, and even an authentic teepee. $3,000,000

Insider Tip

Check out the Denver Botanic Gardens 2013 Bonfils-Stanton series “Inspire,” which encourages guests to fall in love with their garden all over again.Visit www.botanicgardens.org for details.

772 Humboldt, Denver This Victorian gem in North Country Club has it all. An oversized lot, secluded gardens with unique trees and perennials, and is located a mere block from Cheesman Park. Make it your own by pruning and planting to your heart’s desire. $875,000

Colorado Gardening Tips • On average, most lawns need up to one inch of water a week to stay healthy. • Water early morning for best results, with multiple cycles and soak. • Remember to plant annuals after last frost, or cover. • Plant window boxes and container plants. • Roses like to be fed. Keep them fertilized for maximum beauty. • Prune all plants shortly after flowering, and shrubs after blooming. • Stake flowers, plants, and perennials that need extra support.

33901 Stagecoach Boulevard, Evergreen Inspired by architectural courtyards throughout time, this indoor conservatory provides a welcome breath of humidity year-round in contrast to the foothills’ dry climate. This unique habitat was created on the natural hillside with the house built around it, separating the main house from the guest quarters and artist studio by a bridge overlooking the terraced ponds below. Orchids abound, accompanied by a staghorn fern, tree hibiscus, bird of paradise, a naturalized fern, and varied ground covers. Dry stacked indigenous granite rocks create three terraces, holding three ponds and two waterfalls. Large koi reside in the bottom pond, while various types of goldfish inhabit the upper two ponds. $998,000 303.893.3200 | 15


The Property

Portfolio Extraordinary Homes for Extraordinary Lives

1955 Cherryville Road • Greenwood Village, Colorado • The Ernstsen/Brennan Team • Page 25

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True Global Reach Believe it or not, Denver is a growing International Destination

“我有兴趣在山回家” “Wǒ yǒu xìngqù zài shān huí jiā.” Words uttered in Chinese from one woman to a Fuller Sotheby’s International Realty’s broker in the Sotheby’s Cherry Creek Shopping Center Gallery. “Interested in mountain home,” she repeats in English. This scenario is one of many that occurs every day. “It never ceases to amaze us just how many tourists and visitors come to our store in the Cherry Creek Shopping Center to peruse the many quality properties we display while shopping in Louis Vuitton, Burberry, and Ralph Lauren,” says Scott Webber, President, Fuller Sotheby’s International Realty. “The gallery provides our brokers a unique oppor tunity to connect with prospective local and international clients in a world-class setting. We knew years ago it was the ideal place to make our presence known. But most impor tantly, it’s another valuable, exclusiveto-Sotheby’s resource in maximizing exposure for the proper ties we list.” Is it the compelling signage, prime location, or stunning photography flashing across TV screens that is leading clients to the Sotheby’s Cherry Creek Shopping Center Gallery? The Cherry Creek Shopping Center is one of the top tourist destinations in all of Colorado, and it gives shoppers a unique opportunity to experience the Sotheby’s brand, our collection of quality properties, and a nice place to take an often needed break from the stress of shopping.

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The power of the Sotheby’s International Realty® network of offices and brokers is vast, and spans across 45 countries and territories worldwide. With more than 13,165 brokers located in approximately 621 offices around the globe, Sotheby’s brokers collaborate on over 7,500 assignments every year. Somewhere in China there is probably a buyer talking about your neighborhood in Colorado, and Sotheby’s International Realty ® is the only firm who has the connections and global expertise to bring them to your front door. Boasting more that 1.3 million visitors each month, the Cherry Creek Shopping Center is a major tourist destination of its own – a primary reason Sotheby’s decided to establish the gallery. “The Fuller Sotheby’s International Realty Shopping Center Gallery is a big hit with the local and international shoppers at the Cherry Creek Mall,” says Andrew Wasson, broker at Sotheby’s International Realty®. “Not only does it draw in local

“The gallery provides our brokers a unique opportunity to connect with prospective local and international clients in a world-class setting.” -Scott Webber


Did You Know? World Airport Ranking By Passengers / Calendar Year 2011

1

Atlanta (ATL)

92,365,860

2 Beijing (PEK)

77,403,668

3

London (LHR)

69,433,565

4

Chicago (ORD)

66,561,023

5

Tokyo (HND)

62,263,025

6

Los Angeles (LAX)

61,848,449

7

Paris (CDG)

60,970,551

8

Dallas (DFW)

57,806,152

9 Frankfurt (FRA)

56,436,255

10 Hong Kong (HKG)

53,314,213

11 Denver (DEN)

52,849,132

• Colorado sees 29 million annual overnight trips, of which 13.2 million are annual overnight trips in Denver* and Cherry Creek is the 2nd most popular visitor attraction in Denver. • Many visitors arrive via Denver International Airport (DIA), which is the 5th busiest airport in the U.S. and 11th busiest in the world.** This statistic coupled with the city’s great convention center and its proximity to the Rocky Mountains, as well as the efforts of VISIT DENVER and The Colorado Tourism Office, make Denver (and Colorado) very attractive for not only business/convention travelers, but those traveling for pleasure. • Cherry Creek Shopping center is very centrally located in the heart of Denver just minutes from downtown Denver (and the convention center) and is the Rocky Mountain region’s premier shopping environment with over 160 shops, including 40 stores exclusive to the area such as Neiman Marcus, Tiffany & Co., Burberry, Louis Vuitton and Ralph Lauren. Other favorites include Nordstrom, Macy’s, Apple and Coach, plus popular dining hot spots like Elway’s and Kona Grill. • The shopping center’s 160 shops and its 40 exclusive stores coupled with its centrality make it very easily accessible and a desirable shopping destination from all directions within the Denver Metro area. The shopping center draws from 360-degrees among not only local metro area residents, but regional tourists from the neighboring six-state Rocky Mountain region, as well as tourists from around the world as they make their way to downtown Denver for business and/or conventions, or as they make their way to vacation in Denver and/or Colorado’s Rocky Mountains. • Cherry Creek Shopping Center estimates that 25% to 30% of its annual visitors are tourists, with 25% of those being international travelers.

SOURCES: *2011 VISIT DENVER/Longwoods Study, Longwoods International. **business.flydenver.com/info/news/pressKit.pdf

shoppers but also affluent visitors from Asia, Europe, and the Middle East that are familiar with the Sotheby’s brand and its reputation for representing the finest properties in the world. The common feedback from international guests is just how affordable the local luxury real estate market is compared to their respective countries. As a result, we are seeing an increase in real estate purchases from international clients in the Denver metro area.”

Cherry Creek Shopping Center estimates that 25%-35% of its annual visitors are tourists with 25% of those being international travelers.

Sotheby’s International Realty® continues to be ahead of the market in more ways than one. Their award-winning Corporate Relocation team of brokers is consistently recognized as an industry leader. Their work is very international, including an assignment to assist an Asian relocation firm based in Singapore serving international clients moving to and from the US. The Asian firm was attracted by the Sotheby’s brand, worldwide reach, and commitment to service and excellence. “The reality is, the home-buying atmosphere of today continues to become more and more global,” says Webber. “We pay attention to these trends and it’s what makes us a leading authority on both global and local real estate.”

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Painting the Town Blue

Live from L.A. FSIR Attends the 2013 Sotheby’s International Realty ® Global Networking Event 6.2.2013-6.5.2013 / JW Marriot in L.A. Amidst a sea of thousands, fifty-five Fuller Sotheby’s International Realty professionals, iPads in tow, ascended upon Sotheby’s International Realty’s Global Networking event June 2-5th with one thing in mind - to connect. At the focal point of worldclass entertainment, sports, and dining, the luxurious JW Marriott at L.A. Live hosted the world’s top producers, executives, and agents from twenty-six countries around the globe to establish new relationships, strengthen longstanding ones, and exchange ideas with peers. Keynote speakers included: Erik Wahl, aka the “Warhol of Wall Street,” internationally recognized graffiti artist and author of Un-think; Joe Calloway, best-selling author of Becoming A Category Of One , performance consultant and

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restaurant owner; and Stefan Swanepoel, a leading visionary on real estate trends, business strategies, and technology. Phillip White, President and CEO of Sotheby’s International Realty Affiliates LLC (SIR) gave compelling insights to the future success of the brand, while Wendy S. Purvey, Chief Marketing Officer SIR, presented the new “Anthology Live” application. Scott Webber, Owner, Fuller Sotheby’s International Realty, Sierra Sotheby’s International Realty, and Summit Sotheby’s International Realty conducted a well-received breakout session for Owners and Managers on “Coaching Agents to Peak Performance.” Webber also hosted a private opening night reception at a $27 million dollar Bel-Air mansion for his affiliate brokers and staff.


Denver Derby Party Sends Twin Sisters To College 5.4.2013 / Denver Performing Arts Complex Fuller Sotheby’s International Realty broker Ron Martinez is one of the founders of the highly successful Denver Derby Party, a benefit which was established to support the Sean “Ranch” Lough Memorial Scholarship Foundation. As one of many highly involved and passionate supporters of the event – which celebrated its 12th year on Saturday, May 4 – Ron had the honor and pleasure of being one of approximately 5,000 people to take part in a check presentation to Lena Stroud, a senior at South High School, who received a full ride scholarship to attend Colorado State University. What the crowd didn’t expect was a surprise check presentation to Lena’s twin sister Allegra, who also received a full ride scholarship to CSU. FSIR brokers attended to offer support and celebrate the momentous occasion. Pictured: Top: Gina Stroud (mother), Lena Stroud, Allegra Stroud. Lower left: Scott Anderson, Lena Stroud, Ron Martinez, Allegra Stroud, Terrance Hunt. Lower right: Ron Martinez, Todd Webber, Douglas D. Kerbs.

Art In Wine Event 6.8.2013 / Center for the Arts Evergreen FSIR’s Evergreen brokers took their tastebuds on a journey at the “Art In Wine” event, Saturday, June 8th at the Center for the Arts Evergreen. Fuller Sotheby’s International Realty was a proud sponsor of the evening, which offered clients and friends a rare opportunity to participate in an exclusive wine tasting with sommelier Ashley Vaughters of Mistral Wine Co.

Pictured: Sommelier, Ashely Vaughters and table of FSIR guests.

Denver Designer Show House Benefit For Children’s Hospital Colorado / Opening Night Party 6.6.2013 / 919 Vine Street FSIR brokers Trish Bragg and Maggie Armstrong co-chaired the 2013 Denver Designer Show House event in which 18 of Denver’s finest design firms transform a historic property with 100% net proceeds benefitting Children’s Hospital Colorado. Opening night cocktail party was well attended by 350 guests. Fuller Sotheby’s International Realty was a proud sponsor. Public tours of the show home were available through June. Pictured: Left: Maggie Armstrong and Tricia Noble. Right: Brooke Erkal (Waterworks), Maggie Armstrong (Fuller), Trevor Pettenude and Katie Taggett (Show House owners), Trish Bragg (Fuller), Karin Rutstein, Melissa Mabe-Sabanosh (DHR Architecture).

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ABOVE PAR REAL ESTATE Colorado Golf Club ~ Home of the 2013 Solheim Cup

At Colorado Golf Club, we bring the same quality and expertise to our homesites as we do our awardwinning golf course. That is why we enlisted Fuller Sotheby’s International Realty as the exclusive marketer of Colorado Golf Club real estate. Few properties on the market today combine the seclusion of Colorado Golf Club with the convenience of a major metropolitan area. From its 1,700 acres of pristine lands dotted with miles of hard and soft trails amidst the majestic backdrop of the Colorado Front Range, to exclusive access to world-class golf and our award-winning clubhouse, the Colorado Golf Club community attracts buyers who want it all – location, luxury, and accessibility.

An extraordinary home deserves an extraordinary brand. Allow us to artfully unite you with the perfect home befitting your lifestyle. Call 303.840.0090 today for your private showing. Lots from $310,000-$1,350,000, custom homes from $2,000,000-$6,000,000, and Betts Lake homes with four main floor master floor plans from $895,000-$1,500,000. 303.840.0090 ColoradoGolfClub.com 8000 Preservation Trail, Parker, CO

Proud Sponsor of the 2013 Solheim Cup


Fuller Sotheby’s International Realty

Connoisseur Extraordinary Properties and Lifestyles

Fall 2013

What does your kitchen bring to the table?

Tastes To Tempt Your Palate

+ Timeless Timepieces

of George Daniels

+ Reading The

Real Estate Market



Expert Tips to Help You Navigate Today’s Market


15 68

44 31

10

Contents

Fall 2013

+ Lifestyle Reading the Market

+ Property 7

Expert tips to help you navigate today’s market.

Painting the town blue

Timeless Timepieces

68

George Daniels - one of the most influcential watchmakers ever.

8

Follow FSIR’s recent social and philanthropic events.

WHAT DOES YOUR KITCHEN 10 BRING TO THE TABLE? Kitchen Tastes To Tempt Your Palate

Denver

15

The Villages

24

Suburban

31

Castle Pines / South

37

Boulder / North

44

Evergreen / West

48

Vail Valley

55

Farm, Ranch & Equestrian

58

Broker Directory

62

303.893.3200 fullersothebysrealty.com Director of Marketing Meagan Griesel Senior Designer Holly Griebenaw

VP of Marketing Shannel Ryan Designer Jon Hormachea

President R. Scott Webber Editor Amy Hill

This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such.These offerings are subject to errors, omissions and changes including price or withdrawal without notice. ©MMXII Sotheby’s International Realty Affiliates LLC.All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC.An Equal Opportunity Company. Equal Housing Opportunity . Each Office is Independently Owned and Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.


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On the Cover Fuller sotheby’s international realty

Welcome

Connoisseur Extraordinary Properties and Lifestyles

Fall 2013

What does your kitchen bring to the table?

Tastes To Tempt Your Palate

For many, autumn is a time to give thanks, celebrate, and reunite with friends and family.

A

s the winds of change beckon another fall, we begin to prepare our homes for the busy season ahead. The kids are back in school, Bronco’s football is upon us, and the aspen leaves have artfully peaked to brilliant shades of gold. For many, autumn is a time to give thanks, celebrate, and reunite with friends and family. Fuller Sotheby’s International Realty is no exception. Thanks to the hard work and diligence of our expert broker associates, accomplished marketing department, and unparalleled support staff, we have nearly outpaced the firm’s entire 2012 sales volume and the year is far from over.

+ timeless timepieces

of George Daniels

+ reading the real estate market

Expert Tips to Help You Navigate Today’s Market

The story of this extraordinary kitchen begins at Denver’s historic Flour Mill – an industrial relic from the 1920s, converted into one of the most desirable downtown loft residences on the market today. To read more about this exquisite property, visit fullersothebysrealty.com. 2000 Little Raven Street #1F $1,800,000 Web ID 20996158

2013 has brought us more collective success than any other year to date. From sweeping the 35th Annual Roundtable of Excellence Awards as a top producing office, to our brokers ranking among the Best Agents in America by Real Trends Inc., the positive momentum continues.

Five

I hope you’ll enjoy our fall issue of Connoisseur magazine featuring extraordinary properties and lifestyles from Colorado’s most prestigious neighborhoods, as well as key housing market tips and what’s new in the world of travel, style, art, and design. Never in the history of my work in the housing industry have I been more thankful and proud to be part of something so special. I want to personally thank each and every one of our associates, clients, friends, and families, for advocating on our behalf, and helping us to achieve such astounding success. We couldn’t do it without you. Warm wishes for a cheerful fall season,

Must-View Properties This Issue

1.

363 Dexter Street pg 17 Denver, CO $1,750,000

2.

16 Sandy Lake Road pg 24 Cherry Hills Village, CO $7,300,000

3. R. Scott Webber President Fuller Sotheby’s International Realty

7944 Dante Drive pg 31 Littleton, CO $4,299,000

4.

859 Mill Creek Road pg 49 Dumont, CO $1,800,000

5.

103 Borders Road pg 55 Beaver Creek, CO $11,250,000

303.893.3200 | 5


Reading the

Real Estate Market For the past 1½ years we have been reading about an improved real estate market, while observing a higher number of sold properties, lower levels of inventory and a significant rise in home values. In fact, since the first quarter of 2012, metro-wide values have risen over 20%. On July 30th, the Denver Post reported that Denver surpassed its pre-recession high prices set in August of 2006 for single family homes. As of June (according to MLS statistics), the median price in Denver was over $290,000 while the average price was $346,000, and the number of closed transactions increased 21% year to date. From third quarter 2008 through third quarter 2011, the real estate market was considered a “buyers market” where demand was low, inventory (supply) was high and homes could sit without selling for many months. By quarter one of 2012, activity became brisk and by the second quarter, had legitimately blown past the definition of what would be considered a “balanced market”, becoming a “sellers market” by that summer. Inventory levels plunged from a high of almost 30,000 homes in 2008-09, to a low of 7,000 available homes in the spring of this year. Currently, there are 12,000 homes on the market with an expectation of growing inventory levels and a more balanced market in the near future. As the national and local economies continue to improve and grow, consumer confidence has edified the high levels of pent-up demand. The pent-up demand (or desire) in Denver is perhaps stronger than many other areas. During the 1990’s Denver values rose a true 150%. And from 2001 through 2007, Denver appreciated at an annual rate paralleling inflation, averaging around 3.5%. Now that we are postrecession, people are genuinely exploring their housing needs with enthusiasm, hope, and a determination to take advantage of the market and very low interest rates. Article credit: Steve Blank, FSIR Managing Broker, Downtown Denver

Expert Tips to help you navigate today’s market: •K  now your specific neighborhoods – Understand not only the homes which are current competition to your favorite property, but become educated on recent past sales of comparable homes. • W hen talking price, be realistic. This is not the buyer’s market of the recession. Conversely, not that many homes receive multiple offers in the first two days. Whether a buyer or seller, find the sweet spot between a silly low-ball offer and the asking price. In other words, insulting the seller and not looking committed to buying is not any better than a seller refusing to negotiate a lower offer…they should look at it as a sign of interest (not personal). •D  etermine through research a “walkaway number,” and stick with it. Don’t let yourself get caught up in a crazed bidding war. Many times, multiple counter offers result in not making it across the finishing line. •R  emain flexible on terms other than price. That may be what matters most to a buyer or seller. However, other areas of agreement can ultimately make the difference such as closing dates, moving arrangements, inspection items, dates for contingencies, or possession with a rent-back. •G  et pre-qualified! Any offer with a loan contingency should be accompanied with a lender letter stating you are qualified to obtain the loan stated in your offer. Keep in mind, there are two ways to be qualified. One is by what the lender guidelines say you qualify for, and the other by what you say is comfortable to spend each month. • The seller’s objective should be to get the best price possible in the most reasonable period of time. If you are looking to buy, sell, or are simply curious about how Denver is faring, here are a couple observations: First, the average price and price per square foot remain highly consistent, both reaching 17% higher from this time last year. Second, average days on the market, at 44 days, is the best we have seen since the 1970’s.

The Denver Post recently reported that Denver surpassed its pre-recession high prices set in August of 2006 for single family homes.

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Painting the Town Blue 6th Annual Hard Hats & High Heels Event To Benefit Blue Spruce Habitat for Humanity 6.29.2013 / 32803 Upper Bear Creek Road , Evergreen Fuller Sotheby’s International Realty brokers Mary Haling and Jennifer Davenport hosted the 6th Annual Hard Hats & High Heels Event Saturday, June 29, 2013. The fundraising event took place at 32803 Upper Bear Creek Road in Evergreen, Colorado, currently listed by Jennifer Davenport for $1,599,990. Mary Haling who is on the board of Hard Hats & High Heels said the event raised $33,000 – the most successful fundraising event year-to-date. Proceeds from the evening will help build a duplex for two hardworking, deserving families. Photos © Tamara Dawn McCarl Photography.

Alliance Française de Denver 7th Annual Summer Soirée Bob M c C arroll Named ‘Volunteer of the Year’ 7.13.2013 / Four Mile Historic Park Bob McCarroll, managing broker of Fuller Sotheby’s International Realty’s (FSIR) Evergreen office, was named “Volunteer of the Year” by the Alliance Française de Denver at the 7th Annual Summer Soiree, Saturday, July 13, 2013. Bob McCarroll’s path to management at FSIR has been paved with a passion and appreciation for the rare and extraordinary – the very attributes that define the Sotheby’s brand. From masterpiece art to classical music to distinctive homes, Bob has spent his life – both personal and professional – as a connoisseur of things defined by originality, authenticity or antiquity. From all of us here at FSIR, congratulations Bob! Pictured: FSIR Evergreen Managing Broker Bob McCarroll, Board President Dick Badler. Photo credit Jon A. Yamamoto.

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Kickoff Party for St. Jude Children’s Hospital Gala “Under the August Moon” 7.30.2013 / Four Seasons Hotel Denver Fuller Sotheby’s International Realty broker and chairman of the gala fundraiser Douglas D. Kerbs co-hosted a kickoff party for the St. Jude Children’s Research Hospital Gala, held at the Four Seasons Hotel Denver rooftop pool terrace and indoor lounge Tuesday, July 30, 2013. Committee members Chris Hudnall - Associates Group of Companies, Paulina Szafranski - Lotus Concepts, and Sarah Ford - St. Jude were also in attendance. The pre-party was a smash hit, raising $3,000 dollars in donations at the door, and spawning additional gala ticket sales. Fuller Sotheby’s International Realty also served as presenting sponsor of the Under the August Moon Gala held Friday, August 23, 2013 at the History Colorado Center. Pictured: Top: Diane Huttner. Lower left: Douglas D. Kerbs, Rochelle McNaughton, and guest. Lower right: Steve Blank, Ellen Gray.

Market Talk On Denver’s 9NEWS With Gregg Moss 7.30.2013 / 9NEWS Station FSIR broker Steve Blank appeared on the early morning news Tuesday, July 30, 2013 to discuss Quarter 2 micro market reports, and provide homebuyers and sellers a detailed picture of what’s happing in the Denver metro real estate market today. Significant price jumps in some of Denver’s hottest neighborhoods, like Greenwood Village, Cherry Hills Village, Highlands/Sloan Lake, Wash Park East/West, and Castle Pines North have demonstrated remarkable upticks in sales and average home price compared to 2012. Blank’s advice was televised during two key, early morning dayparts, drilling down micro market data where it matters most, your neighborhood. Visit coloradorealestatediary.com to browse micro market reports and watch the clip from 9NEWS. Pictured: 9NEWS’ Gregg Moss and FSIR’s Steve Blank.

Jeff Hendley Stars in HGTV’s Premiere of ‘New House, New Life’ August 2013 / Filmed in Denver/Boulder by Orion Entertainment Fuller Sotheby’s International Realty broker Jeff Hendley beat out hundreds of competing agents to land the season premiere of New House New Life, a series which follows families who are leaving the trappings of the big city to find new jobs, start businesses, and buy homes in some of America’s grandest outdoor recreational areas. In Jeff Hendley’s episode, buyer Allison Sabia has accepted a dream promotion with her company, but with that comes a move from Long Island, New York to Colorado. Along with her husband and two kids, these native New Yorkers are trading in the rat race for a wide-open space. Stay tuned to coloradorealestatediary.com for more on the segment. Pictured at right: Jeff Hendlley

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The Golf Club at Ravenna 7944 Dante Drive | $4,299,000

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WHAT DOES YOUR KITCHEN BRING TO THE TABLE? Industrial Chic, French Country, or Mediterranean Inspired ~ Kitchen Tastes To Tempt Your Palate

T

he sound of a home cooked meal simmering on the stove, the elegant pour of your favorite vintage, the smell of fresh baked cookies in the oven – to many, the simple pleasures in life come from the kitchen. Everyone’s favorite gathering place plays an important role in assessing the value of your home, and today’s buyer wants it all – stainless steel appliances, granite countertops, designer backsplash, ample storage, hidden fridge, and a dining room for twelve. These special rooms bring people together and allow guests to socialize, families to connect. It is no wonder that many of today’s kitchen and dining spaces are the pièce de résistance of the home.

Feast like a king this holiday season in a majestic home that invites a sense of regality to the table. From imported historic artifacts, to panoramic mountain views, guests will be awe-inspired by the custom finishes and wide-open spaces that make these featured homes a cut above the rest. Continued on next page... 303.893.3200 | 11


{ DOWNTOWN DENVER } 2000 Little Raven Street #1F | $1,800,000

The story of this extraordinary kitchen begins at Denver’s historic Flour Mill – an industrial relic from the 1920s, converted into one of the most desirable downtown loft residences on the market today. As the largest single unit in the original Flour Mill Loft’s historic tower, this one-of-a-kind luxury home boasts 3,724 square feet of tri-level silo space, 16-foot ceilings, exposed brick, and gleaming hardwood floors - yet it’s the striking chef’s kitchen that steals the show. Award-winning artisans, Steve Pearson and Graham Schodde of Odyssey Artworks, transformed the space into a modern masterpiece with handcrafted metalwork techniques. Their passion lies in unique one-of-a-kind pieces for the home, blending form, function and art, while incorporating discarded, recycled or salvaged materials from a bygone era. “These old, eclectic artifacts link the cabinets and fixtures to the history of the building and neighborhood, creating a warm inviting space,” says Schodde. In fact, the entire kitchen was fabricated from blackened sheet steel, perforated metal and re-purposed industrial embellishments like cogs, gears and railroad spikes. Steel counters were water jets cut out of 11-gauge hot rolled steel, welded to a square tube frame, and finished to appear seamless and one-inch thick. “The interior of the cabinets were just as important, with the clients insisting on smooth operation of drawers and doors, and maximizing storage capacity. There is a reason most cabinets are not made of steel. Tolerances are exacting, adjustability is minimal, and finishes are arduous. They’re just plain tricky,” says Pearson. 12 | fullersothebysrealty.com

With no detail overlooked, the kitchen has all the accoutrements a chef could want, including a half moon island that centers the room, covered in over 22 feet of Boos butcher block and Brazilian Blue Bahia Sea granite. Precision track lighting casts a museum quality glow across its finishes, highlighting custom paintings that adorn exposed brick walls. Culinary wonders come alive with the Wolf 8-burner gas stove cooktop, grill and griddle. Electric double ovens, sub-zero dual refrigerator-freezer, and a 150-bottle wine fridge top off this culinary playground. Flawlessly chic, this kitchen blends the historic and luxurious to create an urban living experience unlike any other. BONUS – Dine alfresco with a dozen of your closest friends on the thirty-foot terrace, overlooking the city lights.


BUELL MANSION 16 Sandy Lake Road | $7,300,000 • • • •

7 bedrooms, 13 baths, 21,320 square feet Walnut plank floors Calcutta marble slab counters Wolf and Miele appliances

Bonus: The kitchen opens to a lovely breakfast room with fireplace.

Boulder 4 Rockin’G Ranch | $16,900,000 11 bedrooms, 12 baths, 24,405 square feet, 144 acres Hand-cut limestone tile with walnut hardwood floor inlay Farmer’s sink, Miele and Wolf appliances Temperature controlled 225-bottle cedar lined wine cellar

• • • •

BONUS: Entertain on the outdoor deck, complete with fireplace and breathtaking views of the rolling hills and mountains.

Golden 21554 Mountsfield Drive | $1,700,000 • • • •

5 bedrooms, 6 baths, 8,676 square feet Polished stainless steel ceiling Eclectic mix of wood and granite Wine fridge

BONUS: Designer lighting plan instantly turns on the wow-factor in this contemporary space.

Evergreen 1275 Silvertip Lane | $5,500,000 5 bedrooms, 9 baths, 16,594 square feet Outdoor kitchen Gorgeous stone archways Copper sink, natural wood counters

• • • •

BONUS: Luxurious resort-style amenities await a chef with an affinity for Colorado’s natural landscape. 303.893.3200 | 13


The Property

Portfolio Extraordinary Homes for Extraordinary Lives

3 Winwood Drive • Cherry Hills Village, Colorado • Jeff Hendley • Page 27

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An Estate of

Undeniable Magnificence

3 Winwood Drive Cherry Hills Village, Colorado / 3winwood.com Undeniably one of the best residences in Denver. Located at the end of a country road and sitting on 2.5 pristine and very private acres, this home has been completely remodeled with only the finest designer finishes and meticulous attention to detail. This property defines magnificence. No other compares.

Jeff Hendley 303.877.6767 / jeffhendley.com

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Fuller Sotheby’s International Realty

Connoisseur Extraordinary Properties and Lifestyles

Winter 2014

Trending: Resort Property A Bird’s Eye View of Three of America’s Top Resort Destinations

+ Painting the town Blue Bringing Denver to Hong Kong

+ OUT TO LUNCH

With Saira Rao H  ow One Woman Set Out to Empower Young Girls from New York City to Denver


38 62

06 52

Contents

Winter 2014

+ Lifestyle Painting the town blue

+ Property 6

Ski Lifestyle Properties

52

Discover some of the finest ski properties in the world.

FSIR brings Denver to Hong Kong.

Trending: RESORT PROPERTY

10

Best places to buy in Colorado, California, and Utah resort markets.

International Properties 51 Stunning properties represented by the global Sotheby’s network.

Out to Lunch with saira Rao

61

How one woman set out to empower young girls from New York City to Denver.

The Sotheby’s Exchange 62 What’s new in the world of travel, style, art & design, wine and leisure.

303.893.3200 fullersothebysrealty.com VP of Marketing Shannel Ryan Marketing Manager Kristen Muller

33

Mountain Resort

20

Evergreen / West

26

Boulder / North

30

Denver

33

The Villages

38

Suburban

42

Castle Pines / South

46

Broker Directory

58

Cover Photo by Dann Coffey Photography

Editor Amy Hill Senior Designer Holly Griebenaw

President R. Scott Webber Designer Jon Hormachea

This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such.These offerings are subject to errors, omissions and changes including price or withdrawal without notice. ©MMXII Sotheby’s International Realty Affiliates LLC.All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC.An Equal Opportunity Company. Equal Housing Opportunity . Each Office is Independently Owned and Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.


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Welcome

On the Cover

From key housing market tips, and what’s new in the world of travel, style, art, and design, to celebrating the 40th anniversary of Sotheby’s Auction House in Asia, you’ll discover we have our finger on the pulse of what’s happening in Colorado and around the world.

C

olorado Strong. This is a phrase I keep in my back pocket as a reminder of the overwhelming strength and perseverance of our great state. More often than not, and especially in the last few years, I pull inspiration from these two words.

I want to take a moment and applaud the massive assembly of Fuller Sotheby’s International Realty brokers and support staff who participated in our “Come Together” initiative - in partnership with the American Red Cross - to aid in the recent flood relief effort. Your support and donations are a reflection of the pride and commitment we have to our local communities and I am humbled by your generosity. Despite natural disasters and nationwide economic shifts, the strength of the Denver metro housing market remains. Home prices are up, indicators point towards balanced inventory levels, and more and more people are moving to Denver – 200,000 each year in fact. Not only has Denver been classified as one of the Top 15 emerging downtowns in the U.S., it is also named the second fastest growing large city in the country, 6th best city for tech start-ups, 5th healthiest metro area, and 6th best city in America.

Privately nestled in the mountain community of Beaver Creek lies this exquisite ski-in/ski-out luxury property with mountain and golf course views. An oasis for indoor outdoor living, the home offers superb design in a masterful setting. To read more, flip to page 20 or visit fullersothebysrealty.com. 103 Borders Road $11,250,000 Web ID 20866829

Five

With a higher quality of life it is no surprise that Colorado has become a popular spot for the nation’s top minds and foremost companies of our age, and most notably, a major destination for second home buying. Roughly 30% of out-of-state buyers own homes in Colorado’s top mountain communities from Vail to Breckenridge, while 40% of home purchases in Breckenridge (Summit County) and 15% of home purchases in Vail (Eagle County) are made by homeowners in the Front Range. For this very reason Fuller Sotheby’s International Realty has expanded our operations by establishing a Vail Valley presence with offices in Beaver Creek Village, Edwards, and an office in Breckenridge, demonstrating our commitment to servicing mountain properties in both Summit and Eagle Counties. This allows us to provide unparalleled service and expertise to our clients along the I-70 Corridor, while maximizing our Front Range connections. A snapshot of today’s hottest resort markets appear on page 10 in this issue of Connoisseur, in addition to our exclusive, full-color property portfolio featuring residences throughout Colorado’s top neighborhoods and mountain communities. Thank you for allowing us to be of service for all of your real estate and relocation needs. We look forward to working with you in 2014. R. Scott Webber President Fuller Sotheby’s International Realty

Must-View Properties This Issue

1.

The Wayside Inn pg 20 Breckenridge, CO $3,900,000

2.

13225 S. Resort Drive pg 27 Conifer, CO $1,800,000

3.

925 Lincoln Street PH pg 33 Denver, CO $4,900,000

4.

4454 Palmer Ridge Drive pg 43 Parker, CO $999,000

5.

92 Indigo Way pg 46 Castle Pines Village, CO $3,000,000

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Painting the Town Blue Bringing Denver to Hong

Kong

Fuller Sotheby’s International REalty Brings Denver To Hong Kong 10.4.13 – 10.8.13 / Sotheby’s Hong Kong Douglas D. Kerbs, a key representative and broker of the downtown Denver office attended the Sotheby’s Hong Kong Autumn Auction 2013 at the Hong Kong Convention and Exhibition Centre. The 16 record-breaking auctions saw new benchmarks set in many categories. Together they realized HK 41.96 billion / US $538 million, the highest grand total ever achieved by any global arts business operating in Asia. “My presence in Hong Kong was not only to celebrate the 40th anniversary of the Sotheby’s Auction House in Asia, but to make an introduction of Metropolitan Denver to the Hong Kong market and brokerage offices across

China. It also allowed me to connect with brokers in our network from New York, Atlanta, San Francisco, Utah, Los Angeles, and Canada, strengthening referral and relocation opportunities for our Denver offices,” explained Kerbs. The greatest white diamond ever to appear at auction, weighing 118.28 carats, led the Sotheby’s HK sale of Magnificent Jewels and Jadeite, achieving a record price of HK$238.7m / US$30.6m. This sale brought the highest total ever for a jewelry sale in Asia – HK $744 million / US $95 million.

According to the National Association of REALTORS®, Chinese buyers accounted for 18% of the $68.2 billion that foreigners spent on homes during a 12 month period ending March 31, 2013. Foreign buyers now more than ever are looking to the U.S. for home purchasing.

Pictured counter-clockwise from upper left: 118.28-carat white diamond sold at Magnificent Jewels and Jadeite Auction; Sotheby’s Hong Kong Auction Saleroom; Group photo left to right: Regina Chan - Manager Hong Kong Sotheby’s, Douglas D. Kerbs - FSIR Broker, Sophia Panizzo - London Sotheby’s, Paul Boldy - Managing Director, Asia Pacific; Douglas D. Kerbs - FSIR Broker, and Jean Merkelbach - Sierra SIR Broker.

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Douglas D. Kerbs & Fuller Sotheby’s Help Raise $170,000 For St. Jude 8.23.13 / History Colorado Center Broker associate Douglas D. Kerbs and Fuller Sotheby’s International Realty (FSIR) helped to raise nearly $170,000 for St. Jude Children’s Research Hospital at the 6th Annual St. Jude Under the August Moon Gala Friday, August 23, 2013. Over 345 guests donned in western chic attire arrived at the History Colorado Center in downtown Denver for an unforgettable evening of generosity. “This year’s event raised more money than any other year,” said Sarah Ford, ALSAC/ St. Jude. “The generosity of our guests goes a long way, as money raised goes directly to support the life-saving mission of St. Jude Children’s Research Hospital. The commitment of our chairman, Douglas D. Kerbs, impacted the event immensely as we were able to introduce the mission of St. Jude to new friends in Denver.” Photo Credit: Love.n.Joy Photography. Pictured: Top: Douglas D. Kerbs. Lower left: David Mandarich President of Richmond American Homes with wife Bonnie Mandarich, Debra McKenney, and Douglas D. Kerbs.

Third Annual City Slicker Soiree 2013 Benefiting Roundup River Ranch 10.19.13 / DaVita World Headquarters

Fuller Sotheby’s International Realty brokers Debra Fagan and Wendy Handler attended the City Slicker Soiree - a special evening featuring Denver’s top chefs, including Frank Bonanno, live music, and an auction, all benefiting Roundup River Ranch. Their support and contributions helped raise thousands for the camp.

Pictured: Debra Fagan and Wendy Handler of FSIR.

2013 Rex Morgan Award Nominee, Bob McCarroll Recognized By The SCFD Bob McCarroll, managing broker of Fuller Sotheby’s International Realty’s Evergreen office was recognized by the Scientific and Cultural Facilities District (SCFD) as a 2013 Rex Morgan Award nominee for his outstanding cultural contributions to our local community. FSIR celebrates alongside Bob McCarroll.

11.20.13 / Ponti Hall, Denver Art Museum

Pictured: Marla Cody, Pat Rothman, Bob McCarroll, Howard Rothman, Katie Williams, Holly Rasmussen. Photo credit: Jessica Clare, program manager SCFD.

Continued on next page. 303.893.3200 | 7


Painting the Town Blue Denver Designer Show House, Children’s Hospital Colorado Check Presentation & Wrap It Up Party 10.29.13 / Fuller Sotheby’s International Realty - 255 Clayton Street

Founders of the Denver Designer Show House (DDSH), FSIR brokers Trish Bragg and Maggie Armstrong, presented a check to Children’s Hospital Colorado for over $104,000 dollars. The DDSH event brings together Denver’s finest design firms to transform a historic property in which 100% net proceeds from show home tours benefit the hospital.

Après Ski Party at Beaver Creek Lodge with Julia Mancuso 11.30.13 / Fuller Sotheby’s International Realty Office in Beaver Creek Lodge

Fuller Sotheby’s International Realty hosted an Après Ski Party at their Beaver Creek office to celebrate the 2013 Nature Valley Raptor World Cup. Special guest in attendance included Julia Mancuso – the most decorated Olympic female American Alpine skier of our time. Pictured Left: Left to right, Andrea Webber, Broker Fuller Sotheby’s International Realty, Julia Mancuso, Olympic Skier, and Barbara Sanders, Publisher of Snow Magazine and her son. Above: Julia Mancuso signs autographs. Photo credit: Pettit Photography.

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We’ve Got you covered With 10 real estate offices strategically located throughout the Denver Metro area, Fuller Sotheby’s International Realty provides high visibility to listings amidst a sophisticated, convenient and comfortable atmosphere. The rich heritage and global reach of the Sotheby’s International Realty ® brand allows us to artfully unite our clients with the industry’s most comprehensive approach to buying or selling a home.

New Office

New Office

Introducing: Breckenridge

Introducing: Edwards

69 Marksberry Way Breckenridge, Colorado 80424 | 970.453.0550

34253 Highway 6, #2A Edwards, Colorado 81632 | 970.748.5150

Beaver Creek

Boulder

Castle Pines Village

26 Avondale Lane, #119 Beaver Creek, Colorado 81620 | 970.748.5100

1050 Walnut Street, #100 Boulder, Colorado 80302 | 303.443.6161

858 Happy Canyon Road, #100 Castle Rock, Colorado 80108 | 303.660.8800

Cherry Creek

Cherry Creek Retail

Denver Downtown

3033 East 1st Avenue, #500 Denver, Colorado 80206 | 303.893.3200

255 Clayton Street, #100 North Denver, Colorado 80206 | 303.893.3200

1512 Larimer Street, #46R Denver, Colorado 80202 | 303.893.3200

Denver Tech Center

Evergreen

Online

8000 East Belleview Avenue, #200 Greenwood Village, Colorado 80111 | 303.893.3200

31955 Castle Court, #1 South Evergreen, Colorado 80439 | 303.674.3200

fullersothebysrealty.com | facebook.com/FullerSIR youtube.com/FullerSothebys

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Trending | Resort Property

10 | fullersothebysrealty.com


Live. Vacation. Retire.

Pictured Left: 103 Borders Road, Beaver Creek, Colorado. Photo by Dann Coffey Photography.

Best Places to Buy in Colorado, California, & Utah Resort Markets

Rumors of a resort market rebound began to inch their way from the West Coast down into the Rockies and across the Southwest region of the Unites States back in January of 2013. By summer, The Wall Street Journal reported an improving economy was enticing Americans to toe the waters of the real estate market again, and for those who could afford it, even vacation property – either as a second home or as an investment – was becoming an increasingly hot commodity. With the resort lifestyle in high demand, 2013 brought record-breaking sales in key markets across the country, proving consumer confidence among the luxury segment is indeed up. With no signs of a slowdown, resort towns in Colorado, California, and Utah have bounced back, and in a big way. Here we give you a bird’s eye view of three of America’s top resort destinations and uncover why they are the best places to live, vacation, and retire.

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Vail Valley | Colorado

enjoy the sheer beauty of the Rockies and the intimate, old With over 20 renowned ski resorts – the most of any world charm of the Vail Valley. From luxury accommodations U.S. state – Colorado serves as an apex for ski enthusiasts, and distinct culinary experiences, to countless cultural but you haven’t really experienced quintessential Rocky events and outdoor recreation, it is no surprise that a twoMountain slopes until you’ve skied the Vail Valley. For week vacation in Vail often turns into a over 40 years, the Vail Valley has been year-round lifestyle. synonymous with the ultimate American “Resort markets have “Resort markets have become more alpine experience. Situated high up in become more about an about an all-inclusive experience,” says the Gore Valley and surrounded by the all-inclusive experience.” Scott Webber, president Fuller Sotheby’s magnificent White River National Forest, -Scott Webber, Fuller SIR President International Realty. “People are buying the Vail Valley is home to world-class ski and selling a lifestyle defined by worldresorts in both Vail and Beaver Creek class recreation and entertainment, award-wining arts - sites of the annual “Birds of Prey” World Cup alpine and cuisine, and turnkey luxury – all in a family friendly ski race, and the 1989, 1999, and 2015 International Ski environment. The Vail Valley is one of the few places in the Federation (FIS) Alpine World Ski Championships. country that offers this year-round.” Just 100 miles from Denver, visitors flock year-round to 12 | fullersothebysrealty.com


“Now is a great time to shop and buy in the Vail Valley, especially in the higher end price points from $2 million and up where there is room to negotiate due to ample inventory.”

How The Vail Valley Stacks Up

-Dan Fitchett, Fuller SIR Vail Valley Managing Broker

LOCATION | At an elevation of over 8,000 feet, Vail is accessed by the I-70 corridor. Just a two hour drive west of Denver and you’ll find yourself immersed in the Vail Village, Lionshead, and Golden Peak – three major base camps at the heart of Vail offering a distinct and vibrant array of experiences extending far beyond the mountain – a primary reason the area is nicknamed “Like nowhere else on earth.” DESIRABILITY |

Whether you’ve been planning to buy a slope-side condo or cozy place to retire, a personal investment in the Vail Valley might be one of the best decisions you ever make. From world-class ski resorts to leading arts and entertainment year-round, a property in the Vail Valley offers second homebuyers the highly desirable mountain lifestyle with all the amenities of a five-star resort. The renowned après-ski and nightlife scene begins slopeside on the decks of Garfinkels – a local favorite in the Lionshead pocket of Vail where snowboarders and skiers congregate for tasty beverages and innovative cuisine. In the world of fine dining, Sweet Basil remains one of Vail’s most exceptional culinary traditions, established in 1977, and praised by New York Times, Forbes, and Wine Spectator. Here you can enjoy a feast described by some as “New York City and Paris, this is as good as it gets - anywhere.” To whet your appetite for culture enrichment Vail has an abundance of yearround ballet performances, musicals, concert series, and museums, and aside from gold medal fishing, hiking, and mountain biking, the Betty Ford Gardens and Nature Center provides an exotic escape in the warmer months – known as the highest botanical garden in the United States. With major draws to awaken the senses bundled up in the convenience and enjoyment of a small town, the Vail Valley attracts buyers of all kinds, from young families raising kids, to celebrities seeking privacy, or those pursuing a true vacation home.

PRICEPOINT |

Buyers often base their search on price point and size of property, however in the Vail Valley, square footage and price point can vary drastically within a mere half-mile radius. The heart of Vail Village and Beaver Creek are the most sought-after areas to live. The closer you get to the base of a ski hill the better, but keep in mind you will always pay a premium. Second homebuyers will need to decide what is most important – big views, ski-in/ski-out access, equestrian property, or a home on the golf course. Homes located ten to fifteen minutes from the ski resorts are a viable option that allow for privacy with mountain views, but without the premium. Well-priced properties that are newer and have been remodeled are selling much faster than homes in the valley that were built between 1960 and 2000, with most buyers seeking turnkey, slopeside retreats and ski-in/ski-out access. “Now is a great time to shop and buy in the Vail Valley, especially in the higher end price points from $2 million and up where there is room to negotiate due to ample inventory,” says Dan Fitchett, managing broker of Fuller Sotheby’s International Realty Beaver Creek, Edwards, and Breckenridge offices. In the mid to low price point, homes under $500,000 are seeing a decrease in inventory and uptick in quick sales, which bodes well for those looking to sell. Depending on proximity to the resort villages, single-family home prices can range from $3.9 million to $15 million for ski-in/ski-out access, and from $500,000 to $15 million for a horse property in Eagle County. Average home prices are roughly $1.1 million, based on over 135 single-family home sales in a 90-day period from August through October.

High Price Point | $11,250,000 103 Borders Road, Beaver Creek, Colorado Fuller Sotheby’s International Realty

Mid Price Point | $7,850,000 406 Holden Road, Beaver Creek, Colorado Fuller Sotheby’s International Realty

Low Price Point | $1,999,000 Landmark #504,Vail, Colorado Fuller Sotheby’s International Realty

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Coined the “Jewel of the Sierras” by Mark Twain, Lake Tahoe has been immortalized as “the fairest picture the world affords.” With world-class winter sports and summer recreation that includes golfing, boating, hiking, mountain biking, camping, sailing, horseback riding, and more, Lake Tahoe is the ultimate four-season retreat. Mirroring the Bay Area real estate market, Lake Tahoe is a premiere destination for investors and second home buyers, with the majority of residents migrating from the San Francisco metropolitan area.

LOCATION |

The Lake Tahoe resort area consists of Nor th/West Shore, Truckee, South Lake Tahoe, East Shore, Incline Village, and Reno. Just 180 miles nor theast of San Francisco, with access by major highways and airpor ts on both nor th and south shores, it has become a premier and accessible market for residents from the Bay area who have the luxury of telecommuting and the occasional long weekend. In fac t, second homebuyers own more than two-thirds of the proper ties purchased here.

DESIRABILITY | N owhe re e lse o n t he We s t C oas t wi ll you fi n d a m o re s o ught-af te r lo cale fo r ho me bu yin g t h a n L a ke Ta h o e . C o n s ide re d o ne o f t he mo s t b eau t ifu l

lakes in t h e world, Lake Tah oe is Nor t h Americ a’s l a r g es t alpin e lake , meas u rin g 12 miles wide , 22 mil es l o n g a n d 72 miles arou n d, loc a ted t wo t h irds in C aliforn ia a n d o n e t h ird in Nev ada, wit h views of t h e Sierra Nev ada m o u n t a in ran ge . T h e lake n ever freezes an d is als o su rro u n ded by t h e Tah oe Rim Trail, wh ic h of fers a s t u n n in g bac kdro p fo r equ es t rian riders year-rou n d. Wea t h er forec as t s repo r t a n 80% c h an c e of su n sh in e in any s eas on , low h u m idity, 4 0 50 degree average win ter tempera t u res, an d 7 0 -7 5 deg ree average tempera t u res in t h e s u mmer, c on du c ive to o u tdo o r en t h u s ias t s. M any h igh n et wor t h bu yers have c h o sen Lake Tah oe n ot on ly for it s lifes t yle bu t also fo r t h e t a x adv an t ages t h e Nevada region af fords.

How Lake Tahoe Stacks Up

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High Price Point | $14,000,000 Buffalo Creek Ranch, Gardnerville, Nevada Sierra Sotheby’s International Realty

Mid Price Point | $6,499,000 4000 West Lake Boulevard, Homewood, California Sierra Sotheby’s International Realty


Lake Tahoe | California & nevada

PRICE POINT | Lakefront homes are averaging around $8 million, while properties listed under $600,000 represent the greatest sales volume for the area. “Turnkey luxury remains the top choice for high net worth individuals,” explains Lexi Cerretti, agent at Sierra Sotheby’s International Realty. “Buyers searching for big lake views or lakefront property are faced with limited choices and many are buying tear downs.” Incline Village is witnessing a building boom with several new development proposals under evaluation and others underway, such as the proposed Squaw Valley Ski Area with 1,200+ residential units, and Homewood Ski Area’s recently approved project. Similar expansion and new master plans are occurring in the Squaw Valley ski area as well, which has grown at such a rapid rate it has increased

the number of jet-share service flying to Tahoe. Another area that continues to boom is Truckee, with the largest share of second home sales for the higher-end market. “One of the hottest places to buy is Martis Camp in Truckee – the premiere master planned, private, gated, mountain resort subdivision in North America,” says Rick Raduziner, agent at Sierra Sotheby’s International Realty. “At final build out it will be filled with over 670 custom multi-million dollar homes. Currently, there are 140+ homes completed and 130+ homes under construction.” Located on 2,177 forested acres, the Martis Camp community offers direct ski access to Northstar California Resort, Tom Fazio golf, iconic camp lodges, and an abundance of amenities – something today’s resort buyer expects when paying top dollar.

Considered one of the most beautiful lakes in the world, Lake Tahoe is North America’s largest alpine lake, measuring 12 miles wide, 22 miles long and 72 miles around, located two thirds in California and one third in Nevada, with views of the Sierra Nevada mountain range. Low Price Point | $3,995,000 91 Winding Creek Road, Squaw Valley, California Sierra Sotheby’s International Realty

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Park City | Utah

“We’re selling a lifestyle, a story and a home almost as a piece of art.” -Thomas Wright, Summit SIR President

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Ranked one of the “20 prettiest towns in the United States” by Forbes Traveler Magazine, Park City is Utah’s crown jewel. Its population of just over 7,000 residents swells with the seasons as nearly 600,000 tourists, skiers, and snowboarders descend on the town to enjoy the Greatest Snow on Earth® in the winter, while hikers, bikers, golfers, music lovers, and art enthusiasts enjoy all Park City has to offer in the summertime. “We’re selling a lifestyle, a story and a home almost as a piece of art,” said Thomas Wright, president and principal broker with Summit Sotheby’s International Realty. “The buyers of luxury real estate don’t view properties as bricks and sticks and tile. They know quality, they know what they want, and they know when they see it.”


LOCATION | Located in Summit County, just over the mountain from Salt Lake City, and only 35 minutes from the Salt Lake International Airport, Park City is both a tourist destination and a friendly, small town where your neighbors are also your friends. Park City is considered to be part of the Wasatch Back of The Wasatch Mountain Range. Its towering 12,000-foot peaks are widely considered to have the “Greatest Snow on Earth ®” known for the light fluffy texture which is a result of the area’s low humidity, and ideal temperatures, which provide an unparalleled skiing and snowboarding experience.

How Park City Stacks Up

DESIRABILITY | Park City is seeing its highest growth in luxury homes sales

– a telling indication of the resort market recovery. Park City is an attractive second home destination because it offers three very distinct resort lifestyles – ranches, golf properties, and ski homes. Boasting the largest inventory of luxury ski-in/ski-out homes in the country, in addition to 14 of the finest golf courses around, Park City has quickly become an ultimate resort playground. From pro golfers to Olympic skiers, celebrities to families with small children, people from all corners of the nation are charmed by Park City’s combination of resort style amenities and big city attractions. In addition, Park City’s myriad of seasonal events ensure there is never a lack of something to do. Choose from food and wine festivals, film festivals, art festivals, free summer outdoor concerts, live theater and performances, farmer’s markets, bike races, marathons and triathlons, World Cup ski and snowboarding events. Relax at one of Park City’s first class spas, such as the Golden Door Spa at the Waldorf Astoria, or dine at one of the award-winning restaurants like Talisker on Main, Slopes, or High West Distillery, to name a few. In Park City there is something for everyone. With three world-class ski resorts, Colony – a Vail Resort, Park City Resort, and Deer Valley Resort, as well as the award-winning Sundance Film Festival, visitors often find it difficult not to stay all four seasons in this extraordinary and globally recognized resort town.

PRICE POINT | 2013 marked the largest volume year to date for luxury home sales in Park City. Ski-in/ski-out properties continue to draw the highest price sales ranging from $5 million to $44 million. Average price for a luxury ski home is approximately $6.5 million. Despite record highs, golf resort home sales are down slightly, with prices ranging from $1 million to $12 million in premiere neighborhoods, and average home prices at just under $3 million. Overall, sales volume in this segment is down, as it is still recovering from the recession and has the most overall inventory. However, 2013 was a record year for ranches, seeing the highest jump in sales volume. Gentleman ranches consisting of 5 acres or more with flat land and a guest home/barn have become scarce and come with a premium. Ranch sales ranged from $13.5 to $16 million by fourth quarter 2013 for the high-end market, coupled with a significant land sale for $14 million, which is intended for a custom dream ranch. “These record sales numbers are new to our town, as the ultra wealthy have decided to take up more of a full time residence in Park City than just have a ski home,” said Paul Benson, broker at Summit Sotheby’s International Realty. “Being 30 minutes from a major airport, having a great hospital and top 100 US ranked public schools, 14 golf courses, Olympic training, an abundance of outdoor actives, 220 days a year of sunshine, as well as over 100 restaurants makes us a major, desired destination. At this point we only see our market prices rising and inventory shrinking.”

High Price Point | $14,195,000 7960 Red Tail Court, Park City, Utah Summit Sotheby’s International Realty

Mid Price Point | $5,500,000 10 White Pine Canyon Road, Park City, Utah Summit Sotheby’s International Realty

Information for Resort Property article courtesy of Fuller Sotheby’s International Realty, Sierra Sotheby’s International Realty, and Summit Sotheby’s International Realty.

The gateway to resort style living in Colorado, California, and Utah lies within the Sotheby’s global network. If you are in the market for a luxury property or second home and would like more information about making an investment in any of these markets, please call 303.893.3200. We will be happy to connect you with a local expert to guide you in your search.

Low Price Point | $1,975,000 4874 Enclave Way #20, Park City, Utah Summit Sotheby’s International Realty

303.893.3200 | 17


The Property

Portfolio Extraordinary Homes for Extraordinary Lives

406 Holden Road • Beaver Creek, Colorado • Kraig Forbes and Heidi Bintz • Page 22

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OUT to

LUNCH with SAIRA RAO By Amy Hill

P

rying me away from my desk, piled high with the latest editions of Sotheby’s At Auction and my favorites from Wall Street Journal’s “House of the Day” is no easy task. I have deadlines to meet, headlines to pen, and by all means broker voicemails to return. But when I got a tip from a Sotheby’s insider on our latest Denver transplant Saira Rao, I was compelled to take a break – a lunch date that would make me think twice about judging a book by its cover. I quickly learned the petite brunette with a glowing smile had recently moved to the Mile High City from Greenwich, Connecticut. Author of CHAMBERMAID and public relations/marketing guru at ‘In This Together Media’ – a digital publishing house based out of the Big Apple with a new hub in Denver – Rao sat down with me at Piatti’s, a bustling Italian bistro in Cherry Creek North, and offered insight on the dreams she is making reality. With a magnanimous energy laserfocused on her passion, Rao began to fill me in on her personal mission – to create great books about real girls. From television to children’s books, and a movie deal in between, Rao is spearheading change and it’s happening in your very own neighborhood. In This Together Media is the brainchild of Saira Rao and Carey Albertine, college girlfriends whose ventures into motherhood opened their eyes to the lack of characters in children’s books that truly empower young girls. It was in that “aha” moment the pair quickly churned their motivations like the little engine that could, growing leaps and bounds almost overnight to inspire change. “My debut novel, Chambermaid, was published by Grove Press in 2007. I had a wonderful experience, replete with a film deal, a bunch of foreign rights sales and a robust book tour. Then I had my first child

Seismic Shake-Up How one woman set out to empower young girls from New York City to Denver

– a girl. By the time the post-partum fog had lifted (it took a while), my daughter was watching preschool TV. I was shocked by the lack of character diversity, both in terms of race and gender,” says Rao. “I called my close friend, Carey, who also had small children, a love of all things media, and a background in entertainment. With a bucket of hubris, we set out to create the next Dora. Over the course of the next year, and probably a hundred meetings/panels/events later, we felt strongly that there was a market hungry for smarter content for and about girls. We also discovered that the seismic shake-up in the publishing industry meant there were great opportunities for innovation.” As in much of what Rao touches, the books she promotes are nothing short of remarkable. With positive messages and strong figures that challenge society’s preconceived gender roles, these stories offer up modern day lessons kids can relate to, like in Andrea Montalbano’s Young Adult (YA) novel LILY OUT OF BOUNDS, where main character Lily finds the true meaning of family through friendship and the bonds created through teamwork.

“More than anything, we want our books to inspire, enthrall and entertain children, their parents and their communities,” says Rao. And she has yet to disappoint – In This Together Media has published five aweinspiring and home-hitting novels just this year, including a YA contemporary series that was just optioned for film rights by Miramax, further setting itself apart from the popular supernatural YA movies hitting the big screen today. In Denver, you might catch Rao donating copies of books to child patients at Children’s Hospital Colorado on weekends, or meeting with local youth, parents and teachers to arrange for book clubs that involve ‘In This Together Media’ titles. As it turns out our newest Denverite is living proof that sometimes, even the greatest exponents of change come in the tiniest of packages. For more information on how to get involved with the movement visit www.InThisTogetherMedia.com. To make a donation to the InThisTogetherMedia Hospital Project, contact Saira Rao at saira@inthistogethermedia.com.

We felt strongly that there was a “market hungry for smarter content for and about girls. We also discovered that the seismic shake-up in the publishing industry meant there were great opportunities for innovation.

Amy Hill is Editor of Connoisseur magazine and Director of Public Relations at Fuller Sotheby’s International Realty. Have a local thought leader in mind for ‘Out To Lunch?’ Email amy.hill@sothebysrealty.com. 303.893.3200 | 61


redefining

Tranquility


Etched into the Sierra Neveda landscape, one place beckons the true connoisseur of life...

Inside front cover - can’t print here

Tranquility Estate, Lake Tahoe, Nevada Exclusively Marketed by Sierra Sotheby’s International Realty 888.444.1505 As Lake Tahoe’s largest, most exquisite, private land holding in tax-favorable Nevada, the Tranquility Estate is unparalleled in architecture, design, and open-air endeavors. Sprawling atop 210 acres, ideally situated amidst a majestic pine and aspen forest, the property boasts a 27,000-square-foot mansion, with unique outbuildings for elaborate hosting capabilities. TranquilityTahoe.com


Contents 6 Welcome

Grand Staircase

8 Estate Residence

Great Room, Chef ’s Kitchen, Dining Hall, Master Retreat, Guest Beds & Baths.

14 Indoor & Outdoor amenities Indoor: His & Her Social Lounges, Library, Billiards Room, Cinema, Wine Cellar, Glass Mosaic Pool. Outdoor: Private Lake, Boathouse Pavilion, Golf Holes, World-Class Skiing, Fishing, Hiking, Mountain Biking, Horse Stables, Tahoe Rim Trail.

20 Details, fine art & collectables 21 Lake Tahoe 22 Nevada Tax Advantages

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Welcome Tranquility was forged with a higher standard of living in mind, a place built to endure, where the luxury of nature and comforts of home unite, redefining the essence of tranquility and inspiring the measure of greatness. The idea was to build a place where structures appeared as if they had been part of the Lake Tahoe community for a hundred years. From the extraordinary main house reminiscent of old Tahoe, to an art studio designed as a cabin in the woods, to the guesthouse modeled after a country manor, the ultimate vision was achieved. Stone carvings, oval windows, elaborate balconies and decorative cartouche – the realization of a dream. The following pages provide an exclusive look behind closed doors as we take you inside the mansion, tour the grounds, and reveal priceless antiquities from the estate’s exquisite collection. Come explore the Tranquility Estate. Make it yours.

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210 secluded acres | 27,000 Square Foot Main House | Guest and Staff quarters | Garaging for 16 cars 8 TranquilityTahoe.com

Secluded and extremely private | 9 bedrooms | 5 Bedrooms in Main House | 14 Full Baths | 5 Half Baths 888.444.1505 9


Dining Hall • Intricately detailed with a service for fourteen • Hand-painted coffered ceiling echoes flora and fauna indigenous to Lake Tahoe • Floor constructed with original wood from French Chateau • Six pairs of candelabras carved from porcelain and marble •D  ining table ensconced by a Sotheby’s Antique Italian Captain’s Chair, Lady’s Chair, and twelve guest chairs custom carved in Sotheby’s workshop

Chef’s Kitchen Adorned with artifacts from around the world, the custom kitchen is a culinary artist’s dream. From hand-carved cherubs embracing wood beams, to stainless steel appliances, granite island, and imported ceramic tile floors, this favored gathering place exudes comfort and luxury. • S tainless steel appliances, granite island and breakfast bar

• French doors, cobblestone terrace

• Staggered subway tile backsplash

• Lavish sitting area

• Trellised cabinetry 10 TranquilityTahoe.com

• Substantial built-ins and woodwork

• Glass mosaic tile fireplace • Gorgeous lake views 888.444.1505 11


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His & Her Social Lounges “His” ultra-masculine cigar lounge was fashioned after New York’s famed St. Regis Hotel with an eclectic mix of leathers, woodwork, and gold antiquities. “Her” sun-lit social lounge has a panache all its own with rare Delft tiles imported from Europe, and porcelain mosaic focal wall. The room’s dramatic impression rivals some of the home’s most priceless works of art. 14 TranquilityTahoe.com

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100-foot Glass Mosaic Pool | Retractable Conservatory | Gymnasium Private Lake | Boathouse Pavilion | Two Par 3 Golf Holes | World-Class Skiing Golf Simulator | Fishing | Hiking | Mountain Biking | Horse Stables | Tahoe Rim Trail 18 TranquilityTahoe.com

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Lake Tahoe Lake Tahoe is 180 miles northeast of San Francisco with access by major highways and airports on both north and south shores. Reno is within 50 minutes. Virginia City, the famed Ponderosa Ranch, the Carson Valley and many historic sites are within an hour’s drive. The Lake is two thirds in California and one third in Nevada. Because of several decades of stringent growth and development ordinances, the lake remains 99.7 percent pure. ZEPHYR COVE | The Tranquility estate is located in the cozy, family oriented enclave of Zephyr Cove. Referred to as “Old Tahoe” this sought after community provides a comfortable, close-knit feel, hugging the eastern shoreline of Lake Tahoe. Excellent schools and an abundance of year-round recreation offer families the perfect setting to thrive and experience Lake Tahoe to its fullest. LAKE FACTS | Considered one of the most beautiful lakes in the world, Lake Tahoe is North America’s largest alpine lake, measuring 12 miles wide, 22 miles long and 72 miles around. It is also the second deepest lake in the United States and tenth deepest lake in the world, with a maximum depth measured at 1,645 feet. WEATHER | Lake Tahoe’s weather forecasts 80 percent chance of sunshine in any

fine art & collectables

season, low humidity, 40-50 degree average winter temperatures and 70-75 degree

17th CENTURY PAINTINGS | From signed Fjords, to Italian silk embroidery, or the collection of four Rembrandts, masterful artwork flourish here and speak to the

The average surface temperature of the water varies from 41 degrees in winter to

collector’s spirit. Upon the great room walls, you’ll find two of the most valuable works encased in Italian hand-carved frames valued at over a quarter million dollars.

68 degrees in summer. The lake never freezes.

1879 STEINWAY | A rarity ornamented in gold filigree, this 1879 grand piano remains one of Steinway & Sons most preeminent creations, an ideal accompaniment

OUTDOOR ACTIVITIES | Today, mild temperatures and the crystal clear lake

to the great room’s regal furnishings.

encourage outdoor enthusiasts to sample Tahoe’s many recreational activities: golfing,

PERSIAN RUGS | Hand-knotted, Persian rugs circa 1875 to early 20th century pepper the elaborate corridors and chambers of the mansion. Sumptuous pallets mingle delicate ivories, mochas, and camelhair, with French blues, indigos, and scarlets to create a dramatic and luxurious floor accent in every room. SCULPTURES | Imported French, Italian, and American sculptures and figurines adorn the estate’s lavish interior. Castings range from bronze, porcelain, and crystal alongside hand-carved wood. LIGHT FIXTURES | Custom sconces and priceless antique chandeliers hang from coffered ceilings. A trained eye will notice the handful of Pairpoint lamps scattered about the estate.

average temperatures in the summer. Average annual snowfall is 350 inches.

hiking, swimming, boating, fishing, camping, sailing, biking and horseback riding. WORLD CLASS SKIING | In the winter, Lake Tahoe proves its reputation as one of the world’s finest year-around playgrounds with America’s highest concentration of ski resorts, including Squaw Valley/USA, host of the 1960 Winter Olympics. Alpine Meadows, Heavenly, Kirkwood and Northstar are but a few of the many major ski areas to choose from. The Tahoe Lifestyle | Complete services are available around the entire lake with

KITCHENWARES | From various pieces of China, to copper pots, silver serving trays, and ceramics, the rarities that fill the kitchen and butler’s pantry are valued at

a full range of fine restaurants, casino-hotels and top-name entertainment, convenient

over a quarter million dollars.

shopping, excellent public schools, colleges and an active arts community.

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Inside back cover - can’t print here

Nevada Tax Advantages* Individuals and businesses are motivated to relocate to Nevada due to the fact that there is no state imposed income tax. In order to take advantage of the income tax savings, several factors come into play. Evaluate your personal and corporate tax climate and use the following information to evaluate your potential for the Nevada tax savings. In order to take advantage of Nevada’s “tax hospitality” a taxpayer must make Nevada its principal place of residence, i.e. your primary home. Residency is the single most important factor in gaining Nevada’s tax advantages. A “close connection test” is implemented and must be passed in order for a taxpayer to establish state residency. The “close connection test” identifies if Nevada is the state in which a taxpayer has the closest ties during a taxable year. Various factors include: physical address, sources of income, voter registration, home ownership, the location of your closest social and business contacts, and more. Individuals who are considered “domiciled” in Nevada generally escape taxation. A corporation organized and domiciled in Nevada can also significantly reduce its state tax burden by shifting its corporate level of activity to the state of Nevada. Owning real estate in the state of Nevada is a key factor when considering such tax advantages. For more information about the current Nevada real estate market contact Sierra Sotheby’s International Realty at 888.444.1505. To learn more about the potential tax advantages of Nevada residency for yourself or your business visit tax.state.nv.us. *Information gathered from Taking Advantage of Nevada’s Hospitable Income Tax Climate by Ashley Quinn | Certified Public Accountants, ashleyquinncpas.com.

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Pre-Sale Event for NorthSky at RidgeGate:

Are they the best sites in the Denver area? Lone Tree’s RidgeGate launches pre-sales for NorthSky this Thursday When cutting-edge builders Rich Laws and John Keith introduced their luxury singlefamily homes at Parkside in master-planned RidgeGate near the Lone Tree Arts Center last year, the enclave was a smash hit – selling like tickets to Pavarotti, and winning a national Best-inAmerican-Living Award. Now the same Berkeley Homes/ Harvard Communities consortium is set to open pre-sales on NorthSky at RidgeGate – doubtless the best home sites RidgeGate has ever released.

WHERE: RidgeGate, master-planned community in Lone Tree, releasing NorthSky by Berkeley-Harvard, single family 2,500 to 3,800 s.f. with walkouts, 3-bay garages, many views, close to Light Rail, parks, trails, Sky Ridge Med Center, Lone Tree Rec Center, shopping. Pre-sale event at Lone Tree Arts Center, 10075 Commons Street. West of I-25 on Lincoln Avenue to Yosemite, then south two long blocks PRICE: NorthSky pre-sale from low $600s WHEN: Sales trailer open today 1-4; pre-sale event Thursday, Oct. 3, 7 p.m. INFO: NorthSky@LiveBerkeley.com WEB: LiveBerkeley.com RidgeGate.com

This Thursday at 7 p.m., Harvard-Berkeley will welcome you to a multimedia winecheese-desert reception at the Lone Tree Arts Center, where they’ll show those plans (including a roomy ranch); and then begin taking $5,000 fully-refundable checks to be on a priority list for the release of the 33 sites. There’ll be mortgage brokers on hand to run pre-qualifications, or you can take the following week (until Sunday the 13th) to get your check and pre-qual to the builders. Sites will be allotted by drawing; but even the least of the 33 have a great deal going for them: all on single-loaded streets, each and every one a walkout, and surrounded by open space – a RidgeGate park across the street that’s part of the Lone Tree rec center; vast Bluffs Regional Park to the south, and the Willow Creek Trail to the west. The 33 lots taper up the hillside, providing unobstructed views for some; and peek-throughs of the back ranges or city lights from prominent outdoor living areas, on practically everything else. Prices start from the low $600s. As at Parkside, designs have a warm, modern look; on sites that allow for a relaxed indoor-outdoor lifestyle; with a strong energy package – Energy Star 3.0. Residents will also get RidgeGate’s incomparable setting, adjacent to two I-25 interchanges, set to be very close to Light Rail when the next station opens through to Sky Ridge Medical Center, not far

A ‘5040’ plan will be one of three 2-story plans at NorthSky, along with a roomy ranch.

from where Charles Schwab is creating a $230 million campus. And within 15 minutes of all of the south I-25 business campuses; much closer still to Park Meadows. Lone Tree Arts Center where Thursday’s 7 p.m. presentation will be is at 10075 Commons Street, two blocks south of Lincoln Avenue on Yosemite. You can also peek at the site (there’s an on-site trailer on Crossington Way, just east of the Willow Creek trailhead, open 1-to-4 p.m. today; west of I-25 on RidgeGate Parkway to RidgeGate Circle, then west to Hillston, and south to Crossington; or email NorthSky@LiveBerkeley.com. Mark Samuelson writes on real estate and business; you can email him at mark@ samuelsonassoc.com.You can see all of Mark Samuelson’s columns at DenverPost.com/ RealEstate. Follow Mark Samuelson on Twitter: @marksamuelson

Builders Rich Laws of Berkeley Homes (left) and John Keith of Harvard Communities, outside Lone Tree Arts Center in RidgeGate where their pre-sale event will be Thursday evening.

Sotheby’s Behr Team lists high-profile Villa Soul estate Fuller Sotheby’s International Realty’s top ranked Behr Team of Linda, Josh, and Tre Behr just listed Villa Soul – an extraordinary Mediterranean-inspired property at 2550 S. Columbine St. in Denver’s Observatory Park neighborhood. “From the minute you set foot on the property, you are enchanted,� says Linda Behr, listing broker, Fuller Sotheby’s International Realty. “It has an authentic Old World quality that draws people in.� In one of Denver’s most sought-after neighborhoods, Villa Soul is 6,453 finished square feet of living space – five bedrooms, five full baths, custom home theater, gardens and more. Referencing traditional Spanish architecture, the villa boasts a collector’s spirit with one-of-a-kind antiquities. Independent art historian and current homeowner Julie Anderies curated the fixtures and finishes with the aid of interior designer Stephen Kohlbeck of Tilde Design. Often described as a warm, textural environment, the ambiance is made even more magical by way of a cool breeze flowing though the house from open courtyard doors.

The patio at Villa Soul.

Historic nuances stem from the central courtyard – the heart and soul of the home’s design. A connoisseur’s playground, a vintage door from Eron Johnson Antiques greets you, while hand-carved wood columns and cafÊ noir marble floors speak volumes to the

touches in the villa. From room to room a Moorish, Moroccan story unfolds. “You’ll be hard-pressed to find anything with this level of craftsmanship and design at this price point in Observatory Park,� noted Josh Behr. The property is minutes from

Chamberlin Observatory, featuring its prized 1894 Alvan Clark-Saegmuller 20-inch refracting telescope, immersing residents in the history of Denver and beyond. Two parks, tall trees and quiet, wide streets make for summer strolls, while attractive foliage blankets the neighborhood in autumn. Award-winning architect Jon Hindlemann and builder Bob Knepper brought this scrape/new build to life in 2007. Today it could be yours for $1,985,500. To inquire, contact Fuller Sotheby’s International Realty’s Behr Team – Linda Behr, 720-275-7726; Josh Behr, 303-903-9535; or Tre Behr, 303-921-9211. To market a distinctive home requires uncommon knowledge and resources. Fuller Sotheby’s International Realty broker associates – like The Behr Team, ranked among the top-producing real estate teams by volume in Colorado – understand that a home, regardless of its price range, reflects the incalculable value of the life within. Learn more at FullerSothebysRealty.com.

Homeselling season closes strong says Re/Max National The 2013 summer selling season ends on a strong positive note, with both home sales and prices significantly higher than last year. August becomes the 19th month in a row that both

metrics were higher than the same month in the previous year. August home sales were up 6.5 percent and the median price of $188,450 was 12.9 percent higher than August 2012. The Re/Max Housing Report,

a survey of MLS data in 52 metropolitan areas, also found that the rate of inventory decline from last year was 17.4 percent, less than the 20.7 percent decline observed in July. As inventory returns to a more normal level,

home prices will likely stabilize. At the current rate of home sales, the number of months required to move the entire inventory was 4.4, still below the six-month supply recognized as a market balanced between

buyers and sellers. For more information, see ReMax.com.

 



Amy Puchaty (Hill) Portfolio