The Belcaro neighborhood, nestled between Washington Park and Cherry Creek, commands an average home sale price of over $2.5 million.
In the first six months of 2022, the median sales price for homes in Belcaro and Washington Park topped $1 million.
“It’s a really desirable place to live,” says Stuart Crowell with LIV Sotheby’s International Realty.
He and co-lister Delroy Gill helped John Elway’s ex-wife Janet McKinnon sell her Belcaro mansion for $4.1 million in March.
What makes Belcaro appealing?
The neighborhood offers larger lot sizes on winding streets with easy access to Interstate 25 and shopping and dining in Cherry Creek. Commuters who need to work downtown can hop on Speer Boulevard and be there in a few minutes.
“Families are drawn to this area for the sense of community and the schools,” says Kyle Baseggio with The Agency Denver.
Single-family homes dominate the neighborhood, offering a mix of 1950s-style ranch homes and newer two-story houses. Some buyers purchase properties and then scrape them to build new, Baseggio says.
For example, the $2.2 million listing for the neighborhood’s vacant lot at 755 S. Jackson St. includes the land and an already city-approved building plan for a 7,348-square-foot ranch home.
With a limited number of properties available, Belcaro homes typically sell in a month or less, Baseggio says.
“Things move quickly,” he says. “For buyers who want to be in the area, if they see something good, they jump on it.”
Neighborhood highlights
Although Belcaro offers few commercial services, it’s home to Bonnie Brae Ice Cream, Katherine’s French Bakery and Cafe, and Osaka Sushi.
Longtime neighborhood mainstay Bonnie Brae Tavern closed in June after the owners sold the property for $4.5 million to developers.
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The neighborhood’s crown jewel is The Phipps Mansion, a 54-room red brick home at 3400 Belcaro Drive.
Charles A Platt & Sons designed the mansion in 1932 for Lawrence Cowle Phipps, who served as U.S. Senator from Colorado from 1919-1931.
His widow, Margaret, later donated the mansion to the University Of Denver in 1964, which sold it for $9.2 million in 2010 to political activist Tim Gill and his husband, Scott Miller.
The news and editorial staffs of The Denver Post had no role in this post’s preparation.
