3631 Eldorado Springs Dr [Boulder Notable]

 3631 Eldorado Springs Drive | $6.6M 

35 acres of prime Boulder real estate, directly adjacent to open space, 3631 Eldorado Springs was available for a very brief period. The location and parcel size is where the value exists. The existing 20's era house will likely be demolished to make way for a luxury residence.  There's also some potential of the lot being subdivided to create a family compound.

3631 Eldorado Springs Drive was listed at $5.7M in June. It was available for only a few days before going under contract but took another three months to close. Likely that extended closing schedule was because the seller's family needed time to clear out the estate.  

What makes this spot so special?  Not only being adjacent to a spectacular piece of open space (and the Mesa trail), it's at the mouth of Eldorado Canyon and in a riparian corridor. With South Boulder Creek running through it, the summers are cool and the wildlife abundant. It's extremely private and yet only a few minutes drive into the City of Boulder. The property officially went under contract four days after listing and sold for 14.8% above list. 

Lesson: It can take years to find the right patch of land for a dream home, and likely the buyer of this property had been looking for a long time. Smart buyers are patient and willing to pay a premium when the right property arises - yes, even in a cooling market. It's doubtful we'll see this property on the market again, at least not during my lifetime. 

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Note: The Realtors at House Einstein did not represent the buyers or sellers of this property. Our discussion of notable sales is designed to help educate you on market conditions and make a smarter real estate decision. 

Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.  

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This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.