There are countless locales where you can purchase a luxury estate, but instead of moving to overcrowded Greenwich, the paparazzi-burdened Hamptons, the oft-overpriced condos peppering South Beach or even a luxury estate in the Hollywood Hills, many A-listers are opting to purchase their luxury estate in Colorado. Why? For two key reasons:
#1 Reason To Purchase A Luxury Estate in Colorado – It’s The Best Of Both Worlds – Colorado life can be as much on the grid or off as its residents desire. With world-class cities like Denver with its many eateries, museums, national sports teams or mountain towns like Vail and Aspen to its more quiet yet affluent areas like Parker and Douglas County along the picturesque front range of the Rocky Mountains, those who choose to purchase a luxury estate in Colorado can have a Michelin-star meal in the morning, spend the afternoon fly fishing and close out the evening at a Hollywood film festival screening.
#2 Reason To Purchase A Luxury Estate in Colorado – There’s No ‘Real Estate Bubble’ – South Florida and Atlanta are both major luxury estate markets with ever-ballooning and deflating price ‘bubbles’. However, Colorado’s home values were hardly dented when the major housing crisis of this past decade occurred and they bounced back quickly. With its year-round travel and tourism economy, low jobless rates, countless Fortune 500 HQs and strong and sustainably rising home prices, Colorado is considered one of the nation’s most stable housing markets. Denver and its surrounds had housing sales up by 9% in Just the first quarter of 2014 alone – and industry experts point to a shortage in supply as the reason for its not being considerably higher.
If you’re thinking of purchasing a luxury estate in Colorado, now might be the ideal time to act on that impulse. Why? Because, on September 27th, the largest privately held luxury estate to ever be sold at a no-reserve auction will be sold to the highest bidder, regardless of price. Aptly named Serenity Ridge, this Parker, CO luxury 11 bedroom estate spans an astonishing 50,000 square feet of indoor/outdoor living space and rests on 70 pristine acres with unobstructed views of the Colorado Front Range Peaks and rocky Mountains. To learn more about this luxury real estate auction contact Supreme Auctions at 866-929-2243 or send an email request.