Country Club mansion that had short-term rental license revoked sold at auction

Marion Manor, the 7,800-square-foot home at 410 N. Marion St., sold at auction for $2.96 million on Dec. 30. (BusinessDen file photo)

A Country Club mansion that once attracted raucous Airbnb guests has sold at auction — for millions less than its original asking price.

Garth Yettick sold the 7,800-square-foot home at 410 N. Marion St., known as Marion Manor, for $2.96 million on Dec. 30, according to public records.

The home was originally listed by Jeff Hendley of Compass in 2019 for $5.68 million. That was later reduced to $4.99 million in August. Then, this past December, New York-based Concierge Auctions auctioned off the property.

Yettick, who bought the property in 2004 for just under $3 million, previously advertised the property for rent through sites such as Airbnb, asking $1,000 a night.

But the city revoked Yettick’s short-term rental license in March 2019 on the grounds that the mansion wasn’t his “primary residence,” as city law requires. He was the first Denver homeowner to have his short-term rental license revoked.

The mansion was listed for sale days before that decision, which came after neighbors complained to the city about the situation, saying some renters were throwing parties.

Address: 410 N. Marion St.

Sale price: $2.96 million

Buyers: Kellie and Nicholas Reiland, according to public records. Kellie is a managing director for Denver-based private real estate fund, Star Mesa Properties, according to its website. And Nicholas is the principal of San Jacinto Minerals, a local oil and gas mineral and royalty acquisition company, according to his LinkedIn.

Seller: Garth C. Yettick is a portfolio manager at Janus Henderson Investors  

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 features 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, there’s a heated pool and hot tub, a landscaped garden and a two-bed, one-bath guesthouse.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments