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Originally listed in 2008 for $8.9 million, the price on this home was dropped to $6.9 million in 2010, then to $5.9 million a year later. The house was finally offered through a public trustee sale and bought by the original lender in September of last year. The bank is currently listing the home for $4.6 million.
Built in 2007, this 11,135 square-foot stone home sits on 2 acres and has 5 bedrooms and 9 baths. There's a large chef's kitchen with a wood burning fireplace plus an artist's studio.
But perhaps the biggest selling points are the impressive views of the mountains and the town. "You look at Pikes Peak out the front door and Longs Peak out the back door, and there are 125 miles between the two of them, it's dramatic," said listing broker Tim Colleran.
For more information: Kentwood Real Estate
These foreclosed homes may be in some of America's hardest hit neighborhoods, but the deals may be too good to pass up.
