BOULDER – Noted tech entrepreneur Godard Abel and his wife, Stacy, have purchased a Mapleton Hill home in Boulder that proved to be the most expensive home sale in the Denver metro area for November.
That’s according to the latest luxury homes report released by Coldwell Banker Residential Brokerage. The report bases its figures on multiple-listing service data for all homes sold for $1 million or more.
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The report noted the sale of 1002 Mapleton Ave. – a six-bedroom, five-bathroom, 6,900-square-foot home on a half-acre lot – as the metro area’s most expensive last month at $7,755,285.
According to Boulder County property records, the Abels bought the home from BMD Ranch LLC, an entity registered to Gillespie Law Offices, which has offices in Basalt and Boulder. In September, BMD Ranch bought a 35-acre ranch southwest of Longmont that wound up being the region’s most expensive home sale that month at $6.25 million.
Godard Abel co-founded software company BigMachines, which was acquired by Oracle for more than $400 million in 2013. He subsequently co-founded G2 Crowd, and served as chief executive of California-based SteelBrick, which sold to Salesforce earlier this year for more than $300 million.
Denver metro luxury home sales in general were up significantly in November compared with the same month a year ago, according to the Coldwell Banker report. There were 136 million-dollar sales during the month, up from 77 a year earlier. The total included 27 sales of $2 million or more and 10 sales that eclipsed the $3 million mark.
Boulder boasted 21 million-dollar sales in November, second in the region only to Denver’s 39. Greenwood Village and Castle Rock had eight each.
“As more high-end listings came on the market this fall, we saw a big bump in home sales with buyers finally getting some inventory to choose from,” Coldwell Banker Residential Brokerage president Chris Mygatt said in a news release. “We’ll have to wait and see how the recent uptick in interest rates affects the market. But we’ve been on a nice roll as we close out the year. Hopefully that will continue into the New Year.”