A senior managing director for a Maryland-based real estate firm is making moves in Denver, much like the company itself.
Allan Edelson, who works for Walker & Dunlop, and his wife purchased an 8,598-square-foot home at 3575 Belcaro Lane in the Belcaro neighborhood for $5.5 million in February, earning the top spot among local residential transactions for the month.
Walker & Dunlop CEO Willy Walker, who relocated to Denver in 2019, previously said the firm has been ramping up operations here since it acquired JCR Capital, a Denver-based asset management firm, in 2018.
The Edelsons purchased the four-bedroom, eight-bathroom home from seller Robert Melvin, CEO of Denver-based Re-Steel Supply Co. The couple’s son, Sam Edelson with Modus Real Estate, represented them in the deal.
Melvin bought the land for $1 million in 2007, according to property records, and hired Barsch Design to design the custom built home, which took three years to complete.
“The seller calls it the villa and spared no expense using some of the highest-end materials worldwide, like mahogany and Brazilian floors,” said listing agent Bob Kelly with Kentwood Real Estate DTC.
Here are the next four priciest local home sales from February, according to MLS:
1725 Upland Ave., Boulder: $4.3 million
Listing agent: Karen Bernardi with Coldwell Banker Realty-Boulder
Buyer’s agent: Spencer Clapperton with Milehimodern
Description: This 5,337-square-foot home on half an acre in North Boulder has unobstructed Flatiron views, an inviting wraparound front porch, high ceilings and grand-scale rooms throughout, according to the listing. There are five bedrooms, four bathrooms, a wet bar in the family room, and multiple decks overlooking the Crest View Park and mountain views.
20 Polo Field Lane, Denver: $4.2 million
Listing agent: David Savoie with Re/Max Alliance
Buyer’s agent: Kelley Sudderth with Milehimodern
Description: Located in one of Denver’s exclusive neighborhoods, Polo Field Lane, this 6,312-square-foot home features four bedrooms and five bathrooms. The owners spent over $2.5 million in remodeling, renovations and updates in 2016, and the remodel was done by local architect Pat Cashen, according to the listing. The 2,268-square-foot, finished basement includes a great room with gas fireplace, spa room with hot tub and steam shower combination, two bedrooms and a bathroom, a wine cellar and a finished storage room with extensive adjustable shelving.
985 Preston Court, Castle Rock: $3.8 million
Listing agent: Audrey Will with LIV Sotheby’s International Realty
Buyer’s agent: Laura Demaree with Destination Denver Realty
Description: Sitting on nearly an acre in Castle Pines Village, this 9,175-square-foot home features six bedrooms, eight bathrooms, a gourmet kitchen with chef appliances, two home offices, two family rooms, a lower level bar, a 2,000-bottle wine cellar, a gym, a billiards room, and an upper-level library with surround window seating.
Outside, there’s a 2,623-square-foot stone front porch and deck area and a resort-style backyard with a swimming pool, terrace and garden.
1360 Walnut St., Unit #301, Boulder: $3.8 million
Listing agent: Antonio Martinez with Stellar Properties, LLC
Buyer’s agent: Andy Hawk with Folsom & Co. Real Estate
Description: This custom-designed, urban loft features 3,865 square feet in downtown Boulder, steps away from the Pearl Street Mall. There are three bedrooms, three bathrooms, floor-to-ceiling windows, a 700-square-foot deck, a hanging fireplace suspended from 11-foot ceilings, a Bulthaup German-imported kitchen, and bi-level theater experience with a 110-inch screen.