Amenities like the property’s barn appealed to the buyer, who wanted space to accommodate horses. (Courtesy Tahvory Bunting)
Three parcels of a former ski area turned luxury ranch in unincorporated Jefferson County sold for $14.7 million this month after the property was first listed more than three years ago.
In the 1990s, John and Debi Medved, former owners of the car dealerships that bore their name, created Bear Mountain Ranch on the former Arapahoe East Ski Area to raise their six children.
The centerpiece — a nearly 17,000-square-foot mansion inspired by an English estate — includes nine bedrooms and a seven-car garage.
The Medveds listed the property’s 160 acres and the mansion at 1334 S. Grapevine Road for $37 million with LIV Sotheby’s International Realty in 2020.
Hall and Hall listed it again for $25.8 million a year later, with 167 more acres.
In January 2020, Hall and Hall with Compass-Denver and Re/Max listed the property again at the same price and divided it into six separate parcels.
In May 2022, parcel 2, which includes 10 acres and a 2,500-square-foot ranch home, sold for $2.5 million.
After removing the remaining parcels in March, The Northrop Group with Compass-Denver and Re/Max Leaders listed them again in May. The realtors listed the three parcels with the mansion for $14.9 million.
The Oct. 12 sale is the highest in the Denver metro MLS this year and more than doubles Jefferson County’s previous highest-price property record.
Brittany Morgan of The Northrop Group at Compass and Ronda Courtney with Re/Max Leaders represented the Medveds. Lori Gajarsky with Lokation Real Estate represented the buyer, 1334 Grapevine LLC.
Gajarsky connected the ranch with the buyer, who wanted something to accommodate horses in an uncongested area.
“I had already seen this property, so I threw it out there after showing him other horse properties that weren’t quite right,” she said.
The process took about five months and multiple property visits.
“You’re like a matchmaker,” Gajarksy said. “If everything aligns and it all comes together, you’re successful. In this case, everything aligned.”
Morgan said four undeveloped parcels remain for sale but are unlikely to be developed with multiple homes. Under existing water rights, each roughly 50-acre lot could include two homes with wells.
She said individual owners who want the Denver skyline and mountain views would likely purchase the lots for personal use.
Amenities like the property’s barn appealed to the buyer, who wanted space to accommodate horses. (Courtesy Tahvory Bunting)
Three parcels of a former ski area turned luxury ranch in unincorporated Jefferson County sold for $14.7 million this month after the property was first listed more than three years ago.
In the 1990s, John and Debi Medved, former owners of the car dealerships that bore their name, created Bear Mountain Ranch on the former Arapahoe East Ski Area to raise their six children.
The centerpiece — a nearly 17,000-square-foot mansion inspired by an English estate — includes nine bedrooms and a seven-car garage.
The Medveds listed the property’s 160 acres and the mansion at 1334 S. Grapevine Road for $37 million with LIV Sotheby’s International Realty in 2020.
Hall and Hall listed it again for $25.8 million a year later, with 167 more acres.
In January 2020, Hall and Hall with Compass-Denver and Re/Max listed the property again at the same price and divided it into six separate parcels.
In May 2022, parcel 2, which includes 10 acres and a 2,500-square-foot ranch home, sold for $2.5 million.
After removing the remaining parcels in March, The Northrop Group with Compass-Denver and Re/Max Leaders listed them again in May. The realtors listed the three parcels with the mansion for $14.9 million.
The Oct. 12 sale is the highest in the Denver metro MLS this year and more than doubles Jefferson County’s previous highest-price property record.
Brittany Morgan of The Northrop Group at Compass and Ronda Courtney with Re/Max Leaders represented the Medveds. Lori Gajarsky with Lokation Real Estate represented the buyer, 1334 Grapevine LLC.
Gajarsky connected the ranch with the buyer, who wanted something to accommodate horses in an uncongested area.
“I had already seen this property, so I threw it out there after showing him other horse properties that weren’t quite right,” she said.
The process took about five months and multiple property visits.
“You’re like a matchmaker,” Gajarksy said. “If everything aligns and it all comes together, you’re successful. In this case, everything aligned.”
Morgan said four undeveloped parcels remain for sale but are unlikely to be developed with multiple homes. Under existing water rights, each roughly 50-acre lot could include two homes with wells.
She said individual owners who want the Denver skyline and mountain views would likely purchase the lots for personal use.
