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In a town where prices are rising fast, luxury homes still offer incredible buys, shown by Coldwell Banker’s top agent

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In a year of fast-rising prices, are there still many deals to be had around Denver? “It’s chaotic in the move-up market, but there’s still huge opportunity in luxury homes,” say Louie Lee, top-selling Coldwell Banker agent in the entire state – who has 14 homes open tomorrow, from Castle Rock north to Cherry Creek, all of them at prices still way, way below the top of the market in 2007-2008.

He’ll show you what $1.095 million buys in Keene Ranch, eight minutes south of Castle Rock: At 2830 Ballard Court you’ll explore a sprawling colonial walk-out ranch with 4-car garage, built in 2009 on six acres of rolling Gambel oak. “It’s covenant-controlled with peace and quiet, views, and no light pollution,” says Lee. The walkout level has guest suites wrapped around added entertaining spaces with their own kitchen – a perfect setup for bringing in grandma and grandpa.

Close by, you can get inside the Golf Club at Bear Dance, for a look at a Colorado lodge-styled 6,100 square foot custom home with elaborate decks and terraces to bring in the views, at $2.89 million.

Just 15 minutes south of where Charles Schwab is arriving at Lone Tree, Lee and wife Melanie (she’s a certified appraiser for 22 years) will show you ten homes in Castle Pines Village – likely the prettiest residential setting in metro Denver. You’ll get behind the gates, into its 3,000 acres of gorgeous topography, protected by 24/7 security, with club amenities and award-winning schools that lure a growing number of families with kids. Listings there, open 1-4 p.m., range from $699,000 (for a 5-bedroom-plus-study, wine cellar and wet bar, over 4,000 feet) — to $2.75 million for 622 Cliffgate Lane, a huge walkout ranch perched on a view-swept promontory. Other Castle Pines Village homes range from only $785,000 to the mid $1-million range.

“This is typical coming out of a weak market into a strong one,” Lee notes. “The high end lags behind, and that creates opportunities for buyers to jump up to a much higher quality home and neighborhood.”

Such as a traditional custom home on a vast 35-acre site east of Castle Pines in Castle Park Ranch (open noon-3 tomorrow) – with 365-degree view, in a community that’ll have its own access to the Rueter-Hess Reservoir under development. The price is $1.390 million.

Or for a tad more, you could make a move into Cherry Creek, walking distance from the most alluring shopping and dining in Colorado. You’ll see 126 Garfield, a luxurious townhome of over 5,000 feet spanning four levels, only $1.450 million, down from $1.675. “It’s all about lifestyle,” Lee says, noting that the home shows a possibility for using the top level as a full-story home office, with balcony mountain views and room for a studio – even for staff.

The full tour is at LeeTeamOpenHouse.com. Homes, open Saturday 1-to-4 p.m., are in Castle Pines Village (take I-25 south past 470 7 miles to Exit 188/Castle Pines Pkwy; turn west a half mile to Lagae Road, then left a mile to Gate 5 for a map); also Keene Ranch (exit I-25 at Plum Creek Pkwy in Castle Rock, turn west down the frontage road five miles to Tomah Rd, then west 1.5 mi. to Castle Butte Dr.); also Bear Dance Golf Club, west off I-25 frontage road onto Tomah Rd, then first left onto Bear Dance Dr; also Castle Park Ranch (open noon-3; exit I-25 at Exit 184/Founders Pkwy, east 1.4 mi. to Crowfoot Valley Rd. then left 2.5 mi. to Lemon Gulch Rd.); also in Cherry Creek (from Colorado Blvd. take First Avenue west 3 blks to Garfield, north).

Louie and Melanie have two videos you can view about how they work with buyers in this luxury price range, and with sellers, at LuxuryPropertySelling.com and LuxuryPropertyBuying.com.

WHERE: Open houses in 14 homes from Douglas County to Cherry Creek: For Castle Pines Village take I-25 south 7 mi. to Exit 188/Castle Pines Pkwy; turn west ½ mile to Lagae Rd, then left 1 mile to Gate 5 for map. Other homes 126 Garfield, Cherry Creek; also Keene Ranch, north of Tomah Rd on Castle Butte Dr, Castle Rock; also Bear Dance Golf Club, first left off Tomah Rd onto Bear Dance Dr; also Castle Park Ranch, Crowfoot Valley Rd at Lemon Gulch, 2.5 mi. east of Founders Pkwy

PRICE: $699,000 to $2.890 million

WHEN: Open house tomorrow, 1-to-4 p.m.

PHONE: 303-549-6925

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