A Colorado Mansion First Listed for $37 Million Sells for Big Discount

The roughly 17,000-square-foot home near Denver fetched $14.705 million three years after hitting the market.

Three years after listing for $37 million, a mansion outside Denver has sold for $14.705 million.

Located in Golden, Colo., the 17,000-square-foot home sits on 160 acres, according to Brittany Morgan of Compass, who represented the seller with Ronda Courtney of Re/Max Leaders. It was originally listed in 2020 with an additional roughly 150 acres of undeveloped land, but after cutting the price, sellers John and Debi Medved decided to subdivide the property in order to attract more buyers, Morgan said. They put the house and 160 acres back on the market for $14.9 million in May.

The deal is the most expensive recorded sale so far this year in the Denver area, Courtney said. It is also one of the most expensive sales ever in Golden, according to Zillow.

The buyer, Tom Smith, couldn't immediately be reached for comment. Smith used a Denver-based LLC to buy the property, according to property records.

John Medved said they plan to subdivide the remaining acreage and put it back on the market.

The property that was sold includes a pool, a shooting range and hunting facilities, and a working cattle-and-horse ranch with an arena and a caretaker's apartment. Morgan said over a dozen cattle were included in the purchase.

Golden is a former gold rush town and home to the Coors Brewing Company. In the early 1990s, the Medveds bought the site of a former ski resort and an adjacent ranch. They had to raze the ski lifts and towers to build their dream house. Construction took close to two years and was completed in 1999.

Inspired by the English Cotswolds and the Old West, the house has Corinthian columns, English-style fireplaces, elaborate chandeliers and cathedral ceilings.

In September, the median sale price of a home in Golden was $869,000, up 20.3% compared with the same time last year, according to data from Redfin.

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