Following renovations, Cherry Hills Village mansion hits market priced $2M above 2018 sale

4903 S. Elizabeth Cir. is on the market at $4.5M. (Photos courtesy Kentwood Real Estate DTC)

A couple who just listed their Cherry Hills mansion think their recent renovations nearly doubled its value.

Derrell James and Trudy Fountain-James are asking $4.5 million for their eight-bed, 11-bath home at 4903 S. Elizabeth Circle. They bought the property a year ago for $2.5 million, according to public records.

“The home was originally built back in 1993 … and these guys bought it and had it gutted and started over,” said listing agent Pamela Helm, with Kentwood Real Estate DTC.

The newly-added wine cellar.

In addition to renovating all the bedrooms and bathrooms, the couple updated the kitchen and added new flooring, a wine cellar, basement kitchen and home gym.

Helm said a change of plans means the couple is moving out of state, forcing them to re-list the home. At $4.5 million, the property is the 12th-most-expensive current listing in exclusive Cherry Hills Village.

Address: 4903 South Elizabeth Circle

List price: $4.5 million

Stats: The eight-bed, 11-bath mansion is more than 12,000 square feet.

The newly-renovated master bath.

The finer things: Cornerstone Custom Homes renovated the home in the last six months, per the listing. Its upstairs master suite features a sitting room, an updated master bath and a balcony overlooking the property. Five additional upstairs bedrooms also include ensuite, newly renovated bathrooms.

The main level holds a full English-style pub and a billiards room, while the basement includes a smaller pub-style bar, a wine cellar, media room, home gym and two additional bedrooms.

The 0.9-acre lot is adjacent to a park and features a swimming pool, hot tub, two grills and a large outdoor fireplace. A large four-car garage also sits on the property, topped by an in-law apartment.

The pool.

Sellers: Derrell James and Trudy Fountain-James, who purchased the property in September 2018 for $2.5 million, according to Arapahoe County public records.

Derrell James is senior vice president of customer services at Juniper Networks, which provides networking and cybersecurity solutions, according to its website. Trudy Fountain-James is a software executive at Atos, a digital transformation company that is the worldwide IT partner of the International Olympic Committee.

Listing agents: Pamela Helm, Patti Helm and Libby Weaver of Kentwood Real Estate DTC

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