Russell and Ciara Wilson sell CHV home for a loss

BY FREDA MIKLIN
GOVERNMENTAL REPORTER

Business Den reported on March 21 that Duchess Investments LLC (Duchess) has sold the home of Russell and Ciara Wilson in the exclusive Cherry Hills Park neighborhood in Cherry Hills Village, where John Elway lives and Mike Shanahan formerly lived, for $21.5 million, to Cherry Park LLC, which appears to be connected to Greenwood Village-based residential builder Century Communities.

They also report that a nearby home on Cherry Hills Park Drive, like the Wilsons,’ is owned by Century Co-CEO Dale Francescon, and two other neighboring properties appear to be owned by Century-related entities.

GV residents will recognize Century Communities as the owner of the 10-acre vacant property just south of the Landmark Towers which remains undeveloped and is in the Marin Metropolitan District, whose bond debt is in litigation.

Duchess, whose legal address is in Washington state, where Wilson played before joining the Broncos two years ago, purchased the house on April 1, 2022 for $25,000,000.00 from Mango Cherry Hills LLC, whose principal is business executive and film producer Gary Magness. Mango bought the property for $7,500,000 on July 17, 2012.

County Assessor records say the home was built in 1999 on 5.34 acres and has 9,147 square feet of living space on the first and second floors, 8,438 square feet of living space in the basement, and a 2,992-square foot second residence. The property contains four bedrooms, 11 bathrooms, and six fireplaces. Property taxes for the home, due April 30, are $49,768.93, and can be expected to be paid at the closing.

The Wilsons’ home was not exempt from last year’s significant property value increase that other Coloradans experienced. It’s actual value, according to the county assessor, increased $7,471,600 between June 2020 and June 2022.

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