x
Breaking News
More () »

Mike Shanahan's Denver-area mansion sets record price after nearly 5 years on the market

The custom single-family home was built in 2008, the year that Shanahan was fired as the head coach of the Broncos.

CHERRY HILLS VILLAGE, Colo. — Former Broncos coach Mike Shanahan's 30,000-square-foot, six-bedroom, 13-bathroom Denver-area mansion has finally sold for $15.73 million after spending nearly five years on the market.

Originally listed for $22 million, the Cherry Hills Village home saw a number of price reductions and was once pulled off the market over the years it was listed, most recently settling at an asking price of $16.95 million in July 2021. Despite the markdowns, the house still sold for below list price on Oct. 22, according to public records. The final sale was for $15.725 million, records show.

That figure marks a record sale price for single-family homes in the 11-county area that is monitored by the Denver Metro Association of Realtors, according to the DMAR Market Trends Committee. The previous record sale for single-family homes in the area was $13.95 million, set in 2008. The Market Trends Committee notes that other homes may have changed hands at a higher price but it cannot verify sales outside of the multiple listing service records.

The property, once billed in marketing materials as "Denver's most spectacular estate," was represented by Kentwood Real Estate DTC's Sandy Weigand and Chuck Gargotto.

> Read more and click through a gallery of photos at the Denver Business Journal.

Credit: M.G. Photography, courtesy Kentwood Real Estate Agent Sandy Weigand

SUGGESTED VIDEOSLocal stories from 9NEWS 

MORE WAYS TO GET 9NEWS

Subscribe to our daily 9NEWSLETTER

Download the 9NEWS APP
iTunes: http://on9news.tv/itunes
Google Play: http://on9news.tv/1lWnC5n 

HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE

ROKU: add the channel from the ROKU store or by searching for KUSA.

For both Apple TV and Fire TV, search for "9news" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.