Former Broncos head coach Mike Shanahan sells Denver-area house for $ 15.725 million


Former Denver Broncos coach Mike Shanahan and his wife, Peggy Shanahan, have sold their Denver-area home for $ 15.725 million.

Located in Cherry Hills Village, Colorado, an affluent town bordering Denver, the property spans approximately 4 acres. It was on and off the market for several years, first asking for $ 22 million in 2016, according to Zillow. The sale is the most expensive for a single-family home in the Denver metro area, said listing agent Sandy Weigand of Kentwood Real Estate, a subsidiary of Berkshire Hathaway’s HomeServices of America. She co-listed the property with her colleague Chuck Gargotto. Ms. Weigand said the buyer is a longtime Colorado resident. The Shanahans could not be reached for comment.

The Shanahans bought the land for around $ 4 million and completed construction of the house in 2008, Ms. Weigand said. The main residence is approximately 30,000 square feet with six bedrooms, a music room and a wine cave. On the lower level of the house there is a two-lane bowling alley, a poker room, a racquetball court and a golf simulator. There’s also a guesthouse with two bedrooms and a 65-foot pool, according to a property’s website.

Mr. Shanahan


Photo:

AAron Ontiveroz / Denver Post / Getty Images

Ms Weigand said the house cost more than $ 20 million to build. There are custom details, including a glass atrium with imported glass, intricate ceiling moldings, and tiled flooring imported from Italy in the great room. In the atrium, there is a bar with a hammered metal counter.

Mr. Shanahan was head coach of the Denver Broncos from 1995 to 2008. He then coached the team now known as the Washington Football Team.

Like other markets fueled by the pandemic, house prices in Denver have risen over the past 18 months due to an influx of out-of-state buyers, Ms. Weigand said. In Cherry Hills Village, the median sale price in September was $ 3.7 million, up 38% from September 2020, according to the Denver Metro Association of Realtors. However, Ms Weigand said there are still not many buyers for properties in the $ 20 million range.

The previous record for selling a single-family home in the Denver metro area was $ 13.95 million in 2008, according to local group Realtor. The current record for selling a residential property in the metro area is a penthouse at Four Seasons Private Residences Denver that sold for $ 16 million in March 2020, according to records.

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