9-bath mansion nabs highest price for June

highest priced home June

The property at 5800 S. El Camino Drive was built in 2005 by harrison Custom Homes. Photo by Amy DiPierro.

The highest-priced home to sell in the Denver area last month tripled its value in 12 years.

The 11,500-square-foot mansion in Cherry Hills Village sold for $5.27 million on June 6, triple its closing price in 2004. It was listed by Gina Lorenzen of The Kentwood Company.

The property at 5800 S. El Camino Drive, built in 2005 by Harrison Custom Homes, sold for more than $459 per square foot.

The six-bedroom and nine-bathroom house was originally listed for $5.92 million and had been on the market for nearly two years, according to listing service REcolorado. It went under contract in April.

Upstairs highlights include a master suite with a five-piece bathroom and a balcony. The kitchen has custom cabinets and granite countertops. And the ground floor features a wet bar, exercise room and rec room leading to the patio and pool outside.

Property records show that $31,700 in taxes were due in 2016.

The sellers were Thomas Clarke Octigan and Jill T. Octigan, according to Arapahoe County property records. They purchased the two-acre property in 2004 for $1.67 million.

T. Clarke Octigan is listed on Morgan Stanley’s website as the managing director and complex manager of the wealth management firm’s offices in the Denver Tech Center and Boulder.

The buyer is El Camino Diggs, an LLC whose registered agent is listed as Steve Knudson. Knudson is president and CEO of Denver-based data center Fortrust. Knudson cofounded the company in 2000 and attended the University of Colorado Boulder, according to his LinkedIn profile.

Fortrust is based at 4300 Brighton Blvd. and has additional data centers in Arizona and New Jersey.

highest priced home June

highest priced home June

The property at 5800 S. El…

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
1 Comment
oldest
newest most voted
Inline Feedbacks
View all comments
John
John
5 years ago

The 2004 sale was for the land to build the new home on… Stating the value of the existing home tripled in 12 years is a bit misleading.