Estimated payment $12,705/month
23,000 square foot lot in Observatory Park – Rare Scale, Endless Possibilities. An extraordinary opportunity for both discerning homeowners and seasoned developers to create a masterpiece in one of Denver’s most sought-after neighborhoods. Set within one of the most private blocks of Observatory Park, this expansive property offers multiple design-build options. The lot split is already in process, giving you the choice to create two distinct parcels for multiple luxury residences or preserve the full grounds for a single landmark estate. This neighborhood is prized for its wide, shaded streets, beautifully maintained parks and green space plus close proximity to the city’s amenities. Residents enjoy a vibrant yet tranquil lifestyle with top-rated schools, quick access to Cherry Creek, Sporting Venues downtown, the Denver Tech Center, and both public and private airports. Opportunities of this caliber are a commodity in Observatory Park with immediate build potential. This is a once-in-a-lifetime canvas to create, invest, or develop in one of Denver’s most distinguished communities. *Property is being sold for land value*
Listing Agent
RE/MAX of Cherry Creek Brokerage Email: celeste@celesteballerino.com,303-916-6200 License #40028932 Listed on: 08/12/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,559 | $127,390 | $127,320 | $70 |
| 2023 | $9,352 | $127,390 | $127,320 | $70 |
| 2022 | $8,009 | $107,660 | $107,590 | $70 |
| 2021 | $7,730 | $110,750 | $110,680 | $70 |
| 2020 | $5,094 | $75,800 | $75,730 | $70 |
| 2019 | $4,951 | $75,800 | $75,730 | $70 |
| 2018 | $4,105 | $60,260 | $58,660 | $1,600 |
| 2017 | $4,093 | $60,260 | $58,660 | $1,600 |
| 2016 | $4,822 | $67,090 | $64,850 | $2,240 |
| 2015 | $4,620 | $67,090 | $64,850 | $2,240 |
| 2014 | $3,302 | $47,720 | $43,127 | $4,593 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | For Sale | $2,175,000 | -- | $555 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Personal Reps Deed | $1,725,000 | None Listed On Document |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,207,500 | Construction |
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Source: REcolorado®
MLS Number: 3621469
APN: 5254-37-005
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