What Can $1 Million Buy You in Denver?

There is no shortage of high-end housing options in Colorado’s capital city.

It’s no secret that the housing market in Denver is booming. It has been for years. At $424,700, the median home value in Denver is nearly double the national median, and it’s been ticking upwards for more than four years. In 2018 alone, Denver home values have increased by 6.9 percent, and according to Zillow, they are likely to rise another six percent within the next year.

Denver also hosts offices for a number of the world’s biggest tech companies, leading some to call it one of the
“second cities” of the tech boom. The result of that growth is an influx of white-collar workers in Denver and a shrinking unemployment rate, which now hovers below three percent.

That kind of growth requires a lot of new construction, and Denver has kept up so far. There is plenty of competition for homes, but deep-pocketed buyers will have little trouble finding a newly constructed home in the million dollar range in Denver.

For instance,
this six-bed, five-bath single-family home in Skyland is under construction now, with a spring 2019 completion window. The massive, 4,127-square-foot home includes a recreation room with a bar, a roof-top patio with mountain views, and a three-car garage. Above the garage, an additional 646-square-foot living unit makes a perfect guest home. And because the home is still under construction, an early buyer can pick finishes and customize other amenities to their liking.

A smaller family may feel more at home in this
two-bedroom loft in the LoDo neighborhood. The condo’s open floor plan and large windows allow natural light to bath all 1,500 square feet of the single-story unit. The distinctly modern finishes, like the walnut cabinetry and granite counter tops, are complemented by exposed brick walls and wood-rafter ceilings. The building includes a number of luxury amenities, including a fitness center, roof deck, and reserved parking spaces.

Across town in the Hilltop neighborhood,
this four-bed, two-bath ranch home sits on the north end of the Crestmoor Park Peninsula. The fully renovated home includes a large master suite, extra deep garage, and an open kitchen with a touch-screen six-burner gas range. Some of the most impressive features, however, are outside. The quarter-acre property includes both covered and uncovered outdoor spaces with 22 mature trees providing privacy from the bustling shopping and dining areas nearby.

In the south-east corner of the city,
this four-bed, four-bath new-construction home is distinguished first by its striking, multi-finish siding, but it’s most attractive features are inside. Rich oak floors stretch through the open area and chef’s kitchen, which includes all stainless steel appliances. Upstairs, the master suite features a walk-in closet and dual-vanity bathroom. Double sliding glass doors open to the fence-enclosed backyard, which makes up more than half of the 6,098-square-foot property.

Those are just a few of the available homes in the million-dollar range in Denver, which boasts more homes for sale in that range than most of the other cities we’ve featured in this roundup, but also more demand. If you’re looking to buy in Denver, you’re likely to face some competition, but you shouldn’t have any problem finding a home that works for you.