Former bank exec sells Wash Park mansion for $6M

1991 alemeda

The home at 1991 E. Alameda Ave. was sold for nearly $6 million. (Kate Tracy)

A former bank CEO sold his Wash Park mansion for almost $6 million.

Robert and Kalleen Malone sold their home at 1991 E. Alameda Ave., Unit 6, to East Alameda Acquisition LLC for $5.85 million on May 2, according to Denver property records. The couple bought the property in 2003 for $1.25 million.

The 11,378 square-foot home has five bedrooms and nine bathrooms on three floors, and sits just south of Denver Country Club.

Starting in 2003, Malone was the CEO of  Steele Street Bank & Trust. Before that, he worked as the CEO of US Bank-Colorado. The Denver Business Journal reported in 2011 that Malone had led Steele Street to $358 million in total assets after starting at the bank in 2003. MidFirst Bank acquired Steele Street in 2015, when Malone was serving as Colorado market chairman, according to a press release.

Douglas Kerbs with LIV Sotheby’s International Realty listed the property, while Dawn Raymond with Kentwood Real Estate represented the buyer.

“The location was amazing, it was right above the Denver Country Club and had unbelievable views of downtown,” Raymond said. “Every room had a view. The outdoor decks with the views were, I think, the best feature.”

Raymond said the home, built by Diamond Homes, was one of the newer houses in the neighborhood.

“They are all custom there,” she said. “They’re all a little different … the quality and the style fit in really well in the neighborhood.”

1991 alemeda
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