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Coors luxury home to be sold by auction

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Lookout Mountain estate has 180-degree views on three levels

By Vicky Gits

A spectacular trophy home owned by a member of the Coors family will be sold to the highest bidder in an auction at the house on Lookout Mountain on Saturday April 25.

The 8,900-square-foot contemporary, at 21554 Mountsfield Drive, has five bedrooms, six bathrooms, four fireplaces, a patio and an infinity pool on 1 acre.

“It has the king-of-the-hill feel,” said real estate agent Bill Stubblefield of Evergreen, with Ali Van Westenberg of Coldwell Banker Devonshire of Cherry Creek.

Other attractions include a finished walk-out basement, five-car garage, gourmet kitchen with stainless-steel ceilings, two freezers and wine refrigerators.

The opening bid is $1.25 million, or 70 percent below the original asking price of $4 million when it went on the market four years ago. The house isn’t selling because there is an oversupply of million-dollar homes on the market, and it’s hard to get jumbo loans these days, Stubblefield said.

The owner, Scott Coors, bought a new house in Denver, moved out and has reached the point where he is just anxious to sell, Stubblefield said. Coors is a chief financial officer with Omnitech International, an engineering firm in the beverage packaging industry.

Stubblefield specializes in homes that don’t sell and often helps professional athletes with relocation needs, such as transporting cars, finding doctors and locating houses.

Premiere Estates Auction of Los Angeles is supervising the bidding. Potential bidders need to bring a $50,000 check and be prepared to make a 10 percent deposit.

The Coors house auction is being advertised in the Wall Street Journal, the Denver Business Journal and on the Sport Star Relocation website.

Coldwell Banker is hosting three more open houses before the auction, on April 11, 18, and 24 from noon to 4 p.m.

While the opening bid is at least $1.25 million, the seller has a “reserve price” in mind. The reserve price will be disclosed on auction day. Below that the owner retains the right to not sell.

The auction is expected to last only about 20 minutes. “The good news is you don’t have to sit there all day,” Stubblefield said.

Photos are available at www.coloradohomes.com.