Rare Greenwood Hills Opportunity | 0.77 Acres | Mountain Views | Builder & Investor Potential
An exceptional opportunity in highly sought-after Greenwood Hills, where expansive lots, mature trees, and custom luxury homes define the landscape. Set on a sprawling 0.77 Acre parcel, this property offers the scale, privacy, and long-term upside that’s increasingly difficult to find in Greenwood Village.
The existing 5-bedroom, 5-bath residence spans 3,749 square feet and includes a private driveway, 2-car garage, established landscaping, and mountain views. The true value lies in the land, the setting, and the flexibility it offers.
Surrounded by significant redevelopment and multimillion dollar custom homes, this property presents a compelling opportunity for a builder seeking a premier custom build site, an investor planning a strategic renovation and resale, or a buyer ready to create a tailored estate in a location that supports luxury growth.
Large parcels in Greenwood Hills are hard to find, particularly in a neighborhood seeing continued luxury redevelopment. Renovate what’s here or start fresh with a custom build as the lot size, location, and surrounding home values support either path. There is significant interest in this property. Get it now before its gone.
Being sold as-is and priced to sell.
Any digital renderings provided are conceptual in nature and for illustrative purposes only. They are not representations of the existing home or guaranteed build outcomes. Buyers are responsible for verifying all redevelopment possibilities, zoning, and building requirements with the City of Greenwood Village. HOA is Voluntary.
Sold for $1,900,000
$1,900,000
5490 S Locust Street, Greenwood Village, CO 80111
5beds
3,749sqft
Single Family Residence
Built in 1961
0.77 Acres Lot
$1,863,100 Zestimate®
$507/sqft
$6,577 Estimated rent
Home value
$1,863,100
$1.75M - $1.99M
$6,577/mo
Zestimate® history
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$6,577/mo
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$6,577/mo
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$11,096/mo
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List your homeWhat's special
Mountain viewsMature treesPrivate drivewayExpansive lotsEstablished landscaping
Zillow last checked:
Listing updated:
Listed by:
Ghassan Kanafani 619-300-2390 Ghassank@kentwood.com,
Kentwood Real Estate Cherry Creek
Bought with:
Melissa Gallegos, 100035252
HomeSmart Realty
Source: REcolorado as distributed by MLS GRID,MLS#: 6424689
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Bedroom
- Description: Primary Suite
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Features: Primary Suite
- Level: Basement
Bathroom
- Features: En Suite Bathroom
- Level: Upper
Bathroom
- Description: Powder Room
- Features: Primary Suite
- Level: Main
Bathroom
- Description: Primary Bathroom
- Level: Upper
Bathroom
- Level: Upper
Bathroom
- Level: Basement
Heating
- Electric, Hot Water
Cooling
- Evaporative Cooling
Features
- Basement: Daylight,Finished
Interior area
- Total structure area: 3,749
- Total interior livable area: 3,749 sqft
- Finished area above ground: 2,625
- Finished area below ground: 1,124
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Exterior Access Door, Oversized
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Patio & porch: Covered
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.77 Acres
- Features: Corner Lot, Level, Many Trees
Details
- Parcel number: 031786487
- Zoning: R1.0
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mid-Century Modern,Traditional
- Property subtype: Single Family Residence
Materials
- Brick, Concrete, Wood Siding
- Foundation: Concrete Perimeter, Slab
- Roof: Composition
Condition
- Fixer,New Construction
- New construction: Yes
- Year built: 1961
Utilities & green energy
- Electric: 110V
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Greenwood Hills
HOA
- Has HOA: Yes
- HOA name: Greenwood Hills HOA
- HOA phone: 866-577-9578
Location
- Region: Greenwood Village
Financial & listing details
- Price per square foot: $507/sqft
- Tax assessed value: $1,282,400
- Annual tax amount: $8,349
- Date on market: 2/21/2026
- Listing terms: Cash,Conventional,Other
- Exclusions: Sellers Personal Property
- Ownership: Individual
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Sold | $1,900,000+26.8%$507/sqft |
Source:  REcolorado as distributed by MLS GRID #6424689 Report a problem | ||
| 2/25/2026 | Pending sale | $1,499,000$400/sqft |
Source: REcolorado as distributed by MLS GRID #6424689 Report a problem | ||
| 2/21/2026 | Listed for sale | $1,499,000$400/sqft |
Source: REcolorado as distributed by MLS GRID #6424689 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,349 +14.5% | $80,150 -19.2% |
| 2024 | $7,291 +61.9% | $99,227 -4.5% |
| 2023 | $4,503 -0.7% | $103,911 +69.9% |
| 2022 | $4,533 | $61,161 -2.8% |
| 2021 | -- | $62,921 -9.1% |
| 2020 | $5,104 +8.4% | $69,248 |
| 2019 | $4,710 | -- |
| 2018 | $4,710 +1.3% | $63,533 |
| 2017 | $4,651 | $63,533 -7.1% |
| 2016 | -- | $68,392 |
| 2015 | -- | $68,392 +34.5% |
| 2014 | $5,069 +28.6% | $50,833 -8.8% |
| 2013 | $3,942 | $55,710 |
| 2012 | -- | $55,710 |
| 2011 | $6,050 +2.7% | $55,710 -21.8% |
| 2010 | $5,891 +13.6% | $71,240 |
| 2009 | $5,185 | $71,240 +14.8% |
| 2008 | -- | $62,032 |
| 2007 | -- | $62,032 +35% |
| 2006 | -- | $45,953 +0.1% |
| 2005 | -- | $45,914 -6.3% |
| 2002 | $3,690 +14.2% | $49,020 +23% |
| 2001 | $3,230 | $39,860 |
Find assessor info on the county website
Neighborhood: 80111
Nearby homes
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Nearby schools
GreatSchools rating
- 7/10Greenwood Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 8/10West Middle SchoolGrades: 6-8Distance: 0.6 mi
- 9/10Cherry Creek High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Greenwood
- Middle: West
- High: Cherry Creek
- District: Cherry Creek 5
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,863,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,863,100
- Colorado
- Arapahoe County
- Greenwood Village
- 80111
- 5490 S Locust Street
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