The Airbnb listing for a Country Club mansion boasts “true luxury in the heart of the city.”
But neighbors in the tony enclave claim the home — available for $1,000 per night — attracts raucous partiers and is violating the city’s short-term rental laws.
Now, days before a city official is expected to rule on the dispute, Marion Manor has hit the market.
The 7,800-square-foot home at 410 N. Marion St. is listed at $5.68 million. The home is also available for rent, at $11,500 a month, with a 12-month minimum lease required.
The home, which has six bedrooms and 5 1/2 bathrooms, is owned by Garth Yettick, who bought the property for just under $3 million in 2004. Yettick, a portfolio manager at Janus Henderson Investors, has been listing the home for rent on Airbnb and similar sites since at least July 2017, when records show the city granted him a short-term rental license.
Denver’s short-term rental regulations state that only a “primary residence” can be rented out. Last year, Yettick’s neighbors contacted the city, arguing he was violating that rule.
Yettick and city attorney Chris Gaddis went head to head at an administrative hearing on Jan. 17 — the first such hearing to be held in connection with the regulations. Six days later, hearing officer Kim Chandler recommended that Yettick’s short-term rental license for the property be revoked. A spokesman for Denver’s Department of Excise & Licenses said Wednesday that department director Ashley Kilroy will issue her final decision on the case in the next week.
Yettick did not respond to multiple requests for comment.
At the Jan. 17 hearing, seven neighbors testified against Yettick, saying they did not believe the house was his primary residence, according to a summary. The neighbors said that Yettick appeared to live at the property until July or August 2017, when he stopped regularly appearing at the home — and large groups of people began showing up and throwing parties.
Yettick, meanwhile, said at the hearing that a recent divorce and job promotion were the reasons behind an erratic schedule that could be preventing his neighbors from regularly seeing him, according to Westword. He said he rents out the property only to pay for its maintenance costs.
The Marion Street property isn’t Yettick’s only home. Property records show he purchased a condo in Cherry Creek, across from his office, for $2.2 million less than two months after receiving his short-term rental license for Marion Manor. Yettick also owns a $4.4 million condo in Vail, according to records, which also is listed on short-term rental websites.
As of Thursday, Marion Manor was listed for $995 a night on VRBO, and also could be found on Airbnb, but there was no way to actually book a stay through either site. The home’s website, meanwhile, said, “Marion Manor Denver is now closed,” and notes that the property is for sale or rent on a long-term basis. Colorado & Company has the rental listing.
Address: 410 N. Marion St.
List price: $5.68 million
Stats: The 7,800-square-foot home was built in 1887. It has six bedrooms and six bathrooms, and sits on 0.37 acres.
The finer things: This Victorian-era mansion is bedecked with hardwood floors, stained glass, a hand-carved stairway and two master suites. The home’s been updated with central heating and air, a home gym, a climate-controlled wine cellar, 14 “smart” Nest thermostats and a security system. Outside is a heated pool and hot tub, a landscaped garden and a two-bed, one-bath guesthouse.
Seller: Garth C. Yettick, according to public records. Yettick is a portfolio manager at Janus Henderson Investors who purchased Marion Manor for just under $3 million in 2004. Records show he owns two other Colorado residences: a $2.2 million condo in Cherry Creek North and a $4.4 million condo in Vail.
Listing agent: Jeff Hendley of Compass