Douglas County
Property Location: Northwest corner of Bellwether Lane & Sky Ridge Avenue, Lone Tree
Property Description: 18 vacant lots with average size of 4,223 square feet, totaling 1.79 acres plus 1.02 acres of open space
Land Size: 1.79 acres
Sales Price: $1.08M, or $60,000 per lot, or $13.80 per sf (net residential area)
Reception No.: 2016074458
Closing Date: 10/19
Grantor: Ridgegate Investments Inc., Keith D. Simon & Darryl Jones, VP, 720-279-2581
Grantee: BH Urban Villas LLC, c/o Harvard Communities, John Keith,
303-740-9018, & Berkeley Homes, Richard Laws, 303-576-8500
Financing: $11M payable to CoBiz Bank
Comments: See 2012077312, Lots 1-18, Tracts A & B, Ridgegate – Section 15 Filing No. 19 First Amendment. The property is proposed for 18 single-family detached homes with three-story architecture, each with minimum two-car garage. The homes are priced between $700,000-800,000 with sizes ranging from 2,900 to 3,200 sf. Tract A is 42,617 sf and Tract B is 2,060 sf and will be maintained by a homeowners association. See APN: 2231-152-18-003.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
