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$1,499,000 New to Website

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 1 Partial Bath
  • 3,749 Sq. Ft.
  • 2 Car Garage
  • Updated 15 hours ago
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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.

Full Property Details for 5490 S Locust St

General

  • Price: $1,499,000
  • Taxes: $8,349 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MetroList_Colorado
  • MLS ID: 6424689
  • Updated: 2/21/2026
  • Added to Site: 1 day(s) ago

Interior

  • Furnishings: Unfurnished

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Floor Baths: 1
  • Basement Baths: 1

Bedrooms

  • Total Bedrooms: 5

Exterior

  • Porch/Patio/Deck: Covered

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Concrete, Exterior Access Door, Oversized

Location

  • County: Arapahoe
  • Subdivision: Greenwood Hills
  • Direction Faces: West

School Information

  • Elem School District: Cherry Creek 5
  • Midd School District: Cherry Creek 5
  • High School District: Cherry Creek 5
  • Elementary School: Greenwood
  • Middle School: West
  • High School: Cherry Creek

Community

  • Association: Yes
  • Assoc. Name: Greenwood Hills HOA
  • Pets Allowed: Yes
  • Management Type: Voluntary

Heating & Cooling

  • Cooling Type: Evaporative Cooling
  • Heating Type: Electric, Hot Water

Utilities

  • Gas: Yes
  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available

Structural Information

  • Architectural Style: Mid-Century Modern, Traditional
  • Structure Type: House
  • Construction: Brick, Concrete, Wood Siding
  • Basement: Yes
  • Basement Desc.: Daylight, Finished
  • Roof: Composition
  • Entry Location: Ground
  • Square Feet: 3,749
  • Sq. Ft. Source: Public Records
  • Living Area: 3,749 Sq. Ft.
  • Year Built: 1961
  • Property Condition: Fixer, New Construction

Lot Features

  • Property View: Mountain(s)
  • Mountain views: Yes
  • Lot Size (Acres): 0.77
  • Lot Size (Sq. Ft.): 33,541
  • Fence: Yes
  • Lot Features: Corner Lot, Level, Many Trees
  • Zoning: R1.0
  • Fencing (Description): Partial

Financial Considerations

  • Assoc Fee Freq.: Annually
  • Tax Amount: $8,349
  • Tax Year: 2024
  • Terms: Cash, Conventional, Other

Disclosures and Reports

  • Ownership: Individual
  • Special Conditions: None
  • Legal Description: LOT 3 BLK 6 GREENWOOD HILLS
  • Exclusions: Sellers Personal Property
  • Property ID: 31786487

Listed by Kentwood Real Estate Cherry Creek

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Listing agent

— 5490 S Locust St —

  • Kentwood Real Estate Cherry Creek

Ghassank@kentwood.com,619-300-2390

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5490 S Locust St

School District:Cherry Creek School District 5
NameGradesDistance
Greenwood Elementary School
5550 South Holly Street, Greenwood Village, CO 80111
K-50.3 mi
West Middle School, Greenwood Village, CO
5151 South Holly Street, Greenwood Village, CO 80121
6-80.7 mi
Cherry Creek High School
9300 East Union Avenue, Greenwood Village, CO 80111
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 5490 S Locust St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,349
15%
$80,150
-19%
2023
$7,291
62%
$99,227
62%
2022
$4,503
-1%
$61,161
-3%
2021
$4,533
-3%
$62,921
-1%
2017
$4,651
-12%
$63,533
-7%
2016
$5,288
4%
$68,392
—
2015
$5,069
3%
$68,392
-1%
2019
$4,912
25%
$69,248
36%
2014
$3,942
-17%
$50,833
—
2013
$4,731
—
$50,833
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5490 S Locust St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Kentwood Real Estate Cherry Creek

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5490 S Locust Street, Greenwood Village, CO 80111 (MLS# 6424689) is a Single Family property with 5 bedrooms, 4 full bathrooms and 1 partial bathroom. 5490 S Locust Street is currently listed for $1,499,000 and was received on February 21, 2026. Want to learn more about 5490 S Locust Street? Do you have questions about finding other Single Family real estate for sale in Greenwood Village? You can browse all Greenwood Village real estate or contact a Coldwell Banker agent to request more information.

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