First lots list for sale in new Arvada foothills luxury home site

via Business Den | Maia Luem | May 22, 2023

Arvada’s luxury home market is growing. 

The first eight lots in Canyon Pines, a 90-plot home development site nestled in the Arvada foothills, hit the market in March.

Denver-based Peak Development purchased the 180-acre site known as 25377 State Highway 72 for $9 million nearly two years ago. 

Peak founder Chad Ellington said the first eight lots range from 0.5 to 1.5 acres in size and are listed for about $500,000 to a little more than $1 million. He said two lots have already sold for roughly $750,000, and prospective buyers have been a combination of custom homebuilders and end users.

Lot pricing depends on the views, privacy and terrain. Ellington said the architecture and design firm Semple Brown created guidelines prospective buyers must meet to ensure home designs fit within the natural landscape. 

Read more here