Owner lists two homes near Cherry Creek — one older, one new — for $8.7M

Shawn Lustigman is selling a luxury, gated enclave with two homes within walking distance of Cherry Creek for $8.7 million.

After the mobile home park owner bought the brick home at 2880 E. Cedar Ave. 20 years ago, he divided the land into two parcels and built a mansion on the 2800 block of East Cedar Avenue.

Now, because he and his family spend most of their time in Florida, he’s selling both homes.

“Nobody’s using the house except me for a week to 10 days every month,” Lustigman said. “I thought the kids might use the home, but when they come to Colorado, they go to the mountains to ski.”

The 7,000-square-foot contemporary stone mansion built in 2017 includes four bedrooms and five baths, a three-car garage, and a pool and spa.

Lustigman, who never lived in the older brick home, designed the new house with high ceilings, oversized custom-made doors, glass and imported tile. It also includes two fireplaces and an elevator.

The original 4,274-square-foot home, built in the 1970s and being remodeled and updated, includes four bedrooms, 3.5 baths and an oversized two-car garage.

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Listing agent Dawn Raymond with Kentwood Real Estate Cherry Creek calls it a perfect opportunity to use as a guest house, rental opportunity or in-laws’ quarters.

“It’s a unique opportunity to own two homes,” Raymond said. “The original home is very traditional, like an English cottage, while the new one is very sleek and contemporary.”

The two properties sit on nearly one-half acre on Cedar Avenue, a paved street with no curbs or sidewalks.

Lustigman made headlines in 2017 when he turned down a $20 million offer from residents for his Denver Meadows mobile home park in Aurora. The controversy features in the award-winning documentary “A Decent Home,” about mobile home parks in Colorado, California, New Hampshire and Iowa.

This story was reported by our partner BusinessDen.

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