For the second time in 2016, a condominium from the recently-completed 250 Columbine St. project in Cherry Creek is the highest-priced home to change hands in a month.
The last and smallest of three penthouses in the development sold for its list price, $3.69 million, on Sept. 15. In February, another penthouse topped Denver-area home sales with a price tag of $5.4 million.
Listing agent Dawn Raymond of the Kentwood Company at Cherry Creek has now sold all 71 condos at 250 Columbine since Western Development Group completed the $100 million project last year. Raymond said the development’s residential condo sales have netted around $87 million total.
The single-level flat that sold last month, she said, has “all the bells and whistles” that are the hallmarks of 250 Columbine, including 12-foot ceilings and folding glass doors opening onto a 300-square-foot balcony.
It went under contract Aug. 3.
The three-bedroom, three-bathroom suite spans 3,400 square feet. Additional perks in the development include access to a rooftop deck and pool, fitness center and heated underground garage.
Homeowner association Hammersmith charges a monthly management fee of $1,368 for residents of this suite, according to multiple listing service REcolorado.
According to Denver property records, taxes on the property were $7,580 in 2016. The buyer is Nancy A. Reisher, a director at FirstBank Holding Company and a trustee of the Reisher Family Foundation, according to the foundation’s tax records filed this year.
Nancy Reisher is the daughter of Roger Reisher, a founding president of FirstBank who used his shares in the bank to start the Reisher Scholarship Fund at the Denver Foundation. Today the fund provides merit-based aid to students at several colleges in Colorado.
According to tax documents submitted in May, the Reisher Family Foundation reported $13.8 million in revenue and $44.7 million in assets at the end of 2015. It gave more than $2 million to the Denver Foundation for scholarships that year.
Nancy Reisher is joining a development whose multimillion-dollar views of downtown and the mountains as well as condo amenities have attracted a coterie of CEOs including Richard McCormick of US West and Noodles & Company CEO Kevin Reddy.
McCormick’s 4,400-square-foot penthouse was the highest-priced real estate to sell in the Denver area in February.