What you get for $4 million
Last Updated: 12:11 August 4, 2012
"The supply is high. There are a lot of unique properties out there," said Tim Goodacre, co-owner of Goodacre & Co. Real Estate.
"In and out of Boulder, there are 22 properties right now that are over $3.5 million," he said.
So how do real estate brokers set their listings apart from the rest?
Goodacre describes the appeal of a house he's showing that fits in that price range as unique — because it's not about the house but about the property. "The house is modest," he said, "but it comes with its own private lake — right out the back door."
The sellers of this property raised their family there and treated many of their children's friends to sleepovers on the lake's beach. It also provided hours of entertainment in the form of water skiing, swimming and fishing.
"A lot of buyers focus on the house, but this one is about a lifestyle and the next generation who want to raise their kids in this kind of a place," Goodacre said.
Like a lot of high-ticket properties, the $4 million houses are appealing to a lot of people on the east and west coasts — and they're on a mission.
"Someone with this amount of money has a pretty accurate idea of what they want," Goodacre said. "They're really sophisticated."
For sellers who have $4 million houses on the market, he advises patience.
"It's either time or money, so they need to either lower the price or wait for the best buyer to come along," he said. "There are a lot of cautious people out there."
6423 Valmont Road, Boulder | $3.995 million :
Situated in a rural subdivision that is minutes from downtown Boulder, this house overlooks a private 12-acre lake with two docks, a boat ramp and a beach.
The house includes an eat-in kitchen, formal living rooms and dining rooms, a family room, recreation room, master suite with luxury bath, walk-in closet, skylights and fireplaces.
With 20 to 35 acres, the property includes a barn with four stalls, a corral, pasture, tack room and access to riding trails. It has storage buildings, a balcony, patio, wrap-around covered porch and oversized garage.
5225 Niwot Road, Longmont | $3.9 million :
The house sits on 20 acres that include a running stream and has views of the Flatirons as well as Haystack Mountain. It has been completely rebuilt with reclaimed wide-plank pipe floors and timbers and native field stone.
The house design includes an eat-in kitchen with a kitchen island, separate dining room, cathedral/vaulted ceilings, wood windows, walk-in closet, fireplaces and wood floors.
The property has evergreen and deciduous trees as well as native grass, an orchard, indoor squash court, outdoor pool, lighted ice rink and Lee Renner-designed tennis court. It includes a lawn sprinkler system, storage buildings, patio, enclosed porch, heated eight-space garage and carriage house.
2105 11th St., Boulder | $4.5 million :
Situated in the Mapleton Place Condominiums subdivision, the two-story penthouse sits in the heart of historic downtown Boulder.
It includes a finished basement, office, wine room, fireplaces and private elevator. Additional features are a separate dining room, cathedral/vaulted ceilings, walk-in closet, wet bar, fire sprinklers, fire alarm, skylights, wood floors, kitchen island and media room.
The rooftop terrace or garden affords views of both the city and mountains. A koi pond and two-car garage are included.
900 Pearl St., No. 207, Boulder | $4.5 million :
The penthouse condo is two blocks west of the Pearl Street Mall.
It includes finishes such as solid granite, glass tile and marble, as well as custom lighting, Venetian walls, art niches and bird's-eye maple cabinets. The Sub-Zero refrigerator system includes wine storage. The great room includes a gas fireplace, dining for 10 or more and a kitchen breakfast bar.
With 1,200 square feet of outdoor living space, it includes a rooftop party terrace and an underground heated garage, patio and deck. Views include the Flatirons, Mount Sanitas and Pearl Street.
5629 Galatia Road, Longmont | $4.35 million :
The property offers great lake and foothill views from every room as well as water rights. It sits on 99.5 acres and includes a private 16.5-acre lake nestled against a hogback ridge.
Design features include an eat-in kitchen with an island, a separate dining room, an open floor plan, workshop, walk-in closet, wet bar, wood floors, and a 90 percent finished walk-out basement.
The wrap-around deck includes a built-in gas grill, and the lake includes a private dock. Other amenities include loafing sheds for horses, a picnic area and a three-car garage.
More breaking news...
- Market steady, but could see an early fall
- Appraisals to praise
- Most metro housing markets still on upswing
- Steady improvement, low inventory still mark market
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