Denver area mansion lists for $18.5 million

A private equity executive and a prominent figure in the Colorado business scene has put his Cherry Hills, Colorado, mansion up for sale.

Charlie Gallagher has listed his 23,000-square-foot luxury residence, located next to the 10th green at Cherry Hills Country Club, for $18.5 million, The Denver Post reported.

The mansion, located on Cherry Hills Drive in the wealthiest suburb of Denver, was designed by Chicago architect Gregory Maine.

Constructed in 1993, the eight-bedroom, 14-bathroom home is decorated with intricate brick and stonework, and the mansion is accessed via a circular cobbled drive, adding to its elegance.

Inside, the mansion has an array of interior features and amenities, painted ceilings, plastered walls, eight fireplaces, a two-story dining room, 18 sets of French doors, and an elevator to keep up with multiple staircases.

The two-acre grounds are surrounded by walls and feature a refreshing pool and inviting patios.

Gallagher’s accomplishments extend beyond real estate. His influential journey began with the acquisition of Applied Industrial Materials Corp. in 1986. His strategic vision transformed the company, leading to a series of acquisitions and the founding of Gallagher Industries, a private investment firm.

His contributions also extend to his involvement with numerous organizations, including the Denver Art Museum, Boy Scouts of America, and the Colorado Concern.

Gallagher has made some pretty eye-catching moves over the past ten years.

He sold a Grand County ranch with country inn and private ski slopes for $30 million in 2020.

In addition, he drew attention to his 281-foot, $82 million yacht called Cakewalk, which was built in 2010 at the Derecktor Shipyards in Connecticut.

If Gallagher sells close to the price listed, it will be one of the most expensive in Cherry Hills.

In 2021, former Denver Broncos coach Mike Shanahan and his wife, Peggy They sold their Cherry Hills home for $16 million In 2021. Most Expensive Single Family Home.

Shanahan’s estate, on and off the market for several years, was first listed in 2016 for $22 million. The couple paid around $4 million and commissioned a 30,000-square-foot mansion with six bedrooms and a slew of amenities.

The home was completed in 2008 — the last year Shanahan coached the Denver Broncos — at a cost of $20 million, said listing agent Sandy Wigan of Kentwood Real Estate. She said the buyer is a longtime Denver resident.

– Ted Glanzer

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