A luxury penthouse in Cherry Creek owned by the estate of prominent venture capitalist George A. Wiegers sold this month for $350,000 above its list price.
The penthouse property at Laurel Cherry Creek, listed for $9.8 million on Sept. 15, went under contract after a bidding war on Sept. 18. The sale closed for $10.1 million on Oct. 8.
Wiegers, the founder and CEO of Wiegers Capital Partners and former chairman of Hart Energy, died on Nov. 24.
The penthouse is one of 71 condominiums in Laurel Cherry Creek at 155 Steele St. JNS Architecture + Interior Design, a Denver-based firm, designed the 12-story building, which was constructed in 2017.
Wiegers’ 4,761-square-foot penthouse included three bedrooms, four baths and terraces facing west, north, and east. The chef’s kitchen features professional-grade Wolf appliances, a walk-in pantry with a prep sink, and waterfall stone countertops.
Wiegers purchased the penthouse for $6.7 million in June 2019 using 155 Steele St LLC. Josh Behr with LIV Sotheby’s International Realty represented the seller.
Mckinze Casey with LIV Sotheby’s International Realty represented the buyer, Hoops Trust, which lists an address in the San Francisco Bay Area.
The fast sale over list price comes in contrast to September’s statistics from the Denver Metro Association of Realtors, which show buyers continue to favor detached homes. In September, sales of attached homes in the Denver metro area dropped 17% year over year.
The median days on market rose to 32 days, up 540% from 5 days in 2021. Sales volume of attached homes in the $1 million-plus category was down almost 25% year over year.
Casey attributed the penthouse’s swift sale to its prime location in Cherry Creek.
“This penthouse had everything today’s luxury buyers are looking for–unobstructed, protected views, and life-changing amenities, all within Cherry Creek, where Denver’s best shopping, dining, and lifestyle experiences come together in one elegant neighborhood,” she said.
“Representing the buyer, it was clear from the start that today’s market favors buildings offering true value from a service and lifestyle perspective–and there’s simply no building in Denver that delivers that better than The Laurel.”
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