Heading into the week when the ball drops, the good wishes that real estate agents are expressing for the Denver market this spring are backed up by some surprising indicators that reflect strong expectations.
The rosier outlook runs counter to a slowdown that Denver agents saw this past year, as home prices topped off following some of the highest run-ups in the country, particularly in the city of Denver.
Despite that leveling off, the Mile High City is still seen as one of the most attractive markets in the U.S. for families to redeploy and build a new life. All five top cities ranked as “Most Livable” in the entire nation, among 220 midsized cities surveyed by SmartAsset.com, are wrapping Denver (Arvada, Centennial, Westminster, Highlands Ranch and Thornton).
Part of the algorithm behind that top ranking is how affordable homes are here with respect to the area’s average income levels — sweet music to anybody worried that the price of owning or renting a home in the Denver metro area has climbed out of reach for typical buyers.
Meanwhile, Colorado has the ninth-highest median family income in the U.S., while offering a cost-of-living that’s just a little over the national average. Colorado Springs and Fort Collins are both among top 10 markets expected to overperform during the next three to five years, according to an analysis by the National Association of Realtors.
One thing you can read between the lines in this and other surveys is that some of the better opportunities to buy or rent may be ones on the edge of the city of Denver or farther out still, rather than downtown or in neighborhoods closest to the urban core, where prices climbed the fastest.
Here are six housing ideas for the new year that each are in edgier locations — all of them with local amenities and lifestyle attractions that add to their luster:
1. Lakehouse at Sloan’s Lake: A condo tower with amazing lake, city and mountain views is wrapped in dining and has an urban garden
Lakehouse — an eye-catching tower at Denver’s Sloan’s Lake redevelopment site 3 miles west of downtown — is nearly complete now, showing some of the most impressive views in the entire city, along with an array of walkable dining and tavern attractions. Visit this weekend and you’ll see what a short walk it is to Tap & Burger, Alamo Drafthouse and where Odell Brewing Company is arriving next year. You’ll view a 70-foot lap pool and a vegetable garden that was already producing Swiss chard, zucchini, spinach, peas and jalapeños this year, and you’ll look down on the 2.6-mile trail wrapping the lake — one of Denver’s most popular parks.
Lakehouse will see its first move-ins early next year. But you can already view actual units ranging from one-bedrooms priced from $499,000 to premium two-bedrooms with one-of-a-kind views. You’ll hear about amenities and activities that underline a healthy lifestyle, including a wellness concierge, fitness lab, yoga studio, and a sports workshop where you can tune up your snowboard. Lakehouse’s sales center is a block south of the building on Raleigh Street (it will move into the building in January); wear long pants and flat closed-toed shoes for a tour. WHERE: 1565 Raleigh St., #108, Denver; next to Sloan’s Lake Tap & Burger; from Federal, take W. 17th Ave west 1 mile to Raleigh St, turn south a block; free parking in garage at Raleigh and Conejos PRICE: From $499,000 to $1.764 million. WHEN: Saturday and Sunday, Dec. 28-29, open 10 a.m. to 5 p.m. PHONE: 303-974-HOME (303-974-4663) WEB: Lakehouse17.com
2. Epoque Golden: Lavish new apartments offer Golden’s trails and scenery, as well as access to its downtown dining and taverns
Epoque Golden is a new opportunity to rent a luxurious home in a popular city-edge-setting where nicer homes have typically been restricted to properties for purchase. Epoque’s newly opened rentals reach for an outdoorsy, active-minded age-55-plus resident, in a scenic location that’s wrapped in outdoor attractions. Its 120 units near Colorado 93 and Golden Gate Canyon Road are a short walk from a trailhead up North Table Mountain, closer still to the Tucker Gulch Trail into Golden’s “Howdy Folks!” downtown.
Studios are from $1,815/month and large two-bedroom/three-bedroom homes from $3,039, all with sophisticated finishes, hotel-styled community areas and served by five-star services. Part of the advantage of renting vs. buying is that Epoque’s lavish amenities, including a hot tub, an ozone pool, meditation deck and 24-hour fitness studio, are all covered in monthly rent — no additional condo homeowner fee. Epoque also has a Buffalo Bill’s pub, a garden area with potting lab, and a full-time activities director coordinating classes and excursions. Regular housekeeping and an Uber-operated service to the dining scene on Washington Street are available a la carte. Ask about special move-in incentives. WHERE: 1175 Newstar Way, Golden, from 6th Avenue Fwy, continue north past Hwy 58 (becomes Colo 93) 1.4 mile to Golden Gate Cnyn Rd, left a half-block to Spyderco Way. PRICE: From $1,815/mo. WHEN: Saturday, Dec. 28, 10 a.m. to 5 p.m.; Sunday, Dec. 29, noon to 5 PHONE: 833-317-0225 WEB: EpoqueGolden.com
3. Taylor Morrison at Sterling Ranch: Rare master plan in the southwest area shows a new line of single-family homes at attractive prices
Following the buildout of Highlands Ranch, new homes in the southwest metro area, close to mountain recreation sites, are a rarity. But Taylor Morrison will show you a new master-planned community with a southwest location that’s only 2 miles from Chatfield State Park and Reservoir and minutes from trails in Waterton Canyon, Roxborough State Park and other sites. Sterling Ranch, on Titan Road west of S. Santa Fe Drive, is a contemporary-style community that has a community center taking shape with a coffee place and a brewpub, where parks and trails to come are already very visible. You can tour Taylor Morrison’s family-sized model from its earlier Destination Collection (five homes are still available for early move-in from $691,000, including ranch and main-floor master plans); and you can view plans for City Collection single-family homes that will have some of the best prices in the community.
Those new designs will have prices from just $489,990, some of the lowest anywhere in the southwest area. “This is a true master-plan with a great location and great schools,” says Tyler Gatlin, who will show you that Aspen model home. Buy any new Taylor Morrison home at Sterling Ranch and get a continuing pass into Chatfield State Park. WHERE: 9854 Hilberts Way, Littleton; from C-470, take S. Santa Fe/U.S. 85 south 4 miles to Titan Pkwy, turn west on Titan a mile to traffic circle, then south of Eagle River St, 1 block to Pine River Ave, then west a block to Hilbert. PRICE: From $489,990 PHONE: 303-325-2448 WEB: TaylorMorrison.com
4. Toll Brothers’ Inspiration: Appealing ranch architecture, an age-55-plus lifestyle, and a growingly popular commuter location
Real estate agents are talking about how popular the southeast area has become this year, along the E-470 beltway, where new residents enjoy surprisingly attractive commuter access to Denver’s I-25 corridor, along with good recreation sites and more appealing home prices. Toll Brothers, nationally famous for its communities designed for age-55-plus buyers, has created one like that with a perfect southeast location, one that’s only 15 minutes from the Denver Tech Center and dining attractions at Park Meadows.
Inspiration, south of E-470 at Gartrell Road, is a new way of looking at lower-maintenance living, where you can tour six roomy ranch models designed for attractive entertaining, plus a view-swept Hilltop Club pool and event center, and a select choice of homes that are ready for move-in early in the year. That includes a Durango plan, 2,300 square feet finished, plus a FOUR-car garage and a day-lit walk-out level that backs to open space, ready for new year’s move-in at $729,995 (you can take off another $10,000 if you buy now). Toll Brothers has other ranches from the $450s in a neighborhood where residents create a vibrant sense of community with clubs and frequent events. Visitors comment on being invited into homes by residents who are anxious to show how well these homes work for entertaining. WHERE: 8393 S. Winnipeg Ct, Aurora; take E-470 to Gartrell Road, south 1 mi. to Inspiration Ln, turn right. PRICE: From the $450s WHEN: Daily 10-6 PHONE: 303-708-1856 WEB: TollBrothersAtInspiration.com
5. Toll Brothers at The Timbers: A neighborhood of large, lavishly styled homes on half-acre and larger sites is attainably priced
One thing increasingly hard to find as Denver grows and prospers are new homes on larger sites, with the kind of scenery that resonates with Colorado’s outdoor attractions. This weekend you can tour a large, furnished model home in an area of Parker where new custom homes are in the million-dollar-plus range, but where Toll Brothers delivers homes in a forested setting from the low $700s.
“The draw here is the trees; it feels completely different from any other neighborhood,” says Jennifer Pearce, who grew up in Colorado’s Black Forest and is right at home in this extension of the Black Forest, just 30 minutes from the Denver Tech Center. In addition to the Crestone model (over 3,642 sq. ft., plus basement finish and a three-car side-entry garage), Toll Brothers has two homes beginning construction, or you can pick a site for a semi-custom version around your own preferences. With nine homes already sold, Pearce says now is the best time to pick a forested site, at a time when prices have been climbing every few months. One plan offers a FOUR-car garage option, and buyers get $10,000 in incentives if they purchase now. WHERE: Timber Point Dr, Parker; south on Parker Road past town of Parker, 5 miles to The Pinery’s second entrance at S. Pinery Pkwy, then east 3 miles (past Democrat Rd) to Timber Point Dr. PRICE: From low $700s WHEN: Daily 10 a.m. to 6 p.m. PHONE: 720-828-8825 WEB: TollBrothers.com
6. The Grove at Stapleton: An age-55-plus rental lies at the heart of Denver’s master-planned Stapleton, steps from restaurants
Denver’s biggest real estate success of recent years isn’t downtown, but rather at Stapleton, the master plan created from the former Stapleton Airport, where buyers have rushed to purchase homes close to new parks, trails and neighborhood shopping districts. The Grove at Stapleton offers all of that in a rental age-55-plus concept, blending attractive apartments with very personalized amenities that reach for residents wanting an active social life.
Meanwhile, luxury one- and two-bedroom apartments are steps from restaurants and shopping in Stapleton’s Town Center; directly across from the community’s large event lawn where concerts and movie nights take place. The maintenance-free lifestyle comes with breakfast in the clubhouse offered three times a month, yoga and fitness classes and “wine-down Wednesday” socials. Residents also enjoy special outings to festivals, concerts and dining out, with transportation provided. You’ll see a resort-style pool, community garden, woodwork shop, dog park, art studio and a “School of Minds” classroom, and you’ll hear about the busy holiday calendar that featured a Santa visit for grandkids and a sweater party with a pianist. Homes are ready now, and covered parking is free if you move by Feb. 15. WHERE: 2980 Syracuse, Denver; from Quebec St., take E. 29th Ave. east thru Stapleton’s Town Center, 2 blks to Syracuse, turn north 1.5 blk to entry. PRICE: From $1,750/month, 2-bed from $2,099. PHONE: 303-333-2980 WEB: GroveAtStapleton.com
The news and editorial staffs of The Denver Post had no role in this post’s preparation.
- The haves and have-nots: four cities in crisis
- 'Britain’s best boss' John Hays who throws garden parties at his home for staff is set to give hope to thousands of Thomas Cook workers as his Hays Travel firm saves 555 stores from closure
- Welcome to Manc-hattan: how the city sold its soul for luxury skyscrapers
- What’s the Best Way to Do Good?
- Kinko’s – The Free-Agent Home Office
- Free Agent Nation
Rosy outlook: Builders, agents expect a robust spring, while the best places to buy/rent may be on the city’s edge have 1999 words, post on www.denverpost.com at December 26, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.