A Walmart heir is joining Russell Wilson in dropping more than $20 million on Cherry Hills Village real estate.
Earlier this week, Terra Nevada LLC paid $22 million for four parcels in a municipality south of Denver, according to public records. That unit lists a Bentonville, Arkansas, address that Ben Walton and his wife Lucy used in connection with the September 2020 sale of the Cherry Creek office building.
Walton is the grandson of Walmart founder Sam Walton. He is not new to the area. He and his wife also have a home in Hilltop, and their family office ZomaLab — which focuses on tackling environmental problems in Colorado and Chile, according to its website — is headquartered in Denver. Requests for comment made through ZomaLab were not returned.
The Arapahoe County Deed indicates that the Waltons built 4595 S. Vine Way, 1800 E. Stanford Ave. and 1900 E. Stanford Ave. Purchased four separate lots, including Arapahoe County records indicate that the combined site is approximately 8 acres. It does not appear that the properties are officially on the market.
Google Maps imagery and Zillow pages show there are three homes in four lots. 4595 S. The 3,127-square-foot home at Wine Way has four bedrooms and five bathrooms; The 6,318-square-foot home at 1900 E. Stanford Avenue has four bedrooms and six bathrooms; and 1800 AD. The 2,962-square-foot home on Stanford Avenue has four bedrooms and five bathrooms, according to their Zillow pages.
The properties were sold by Stanford & Wine LLC, owned by local wildcatter William D. Armstrong, the records show. Armstrong is the CEO of Armstrong Oil & Gas, according to his website.
It’s the second most valuable residential sale ever in the metro area, behind only Russell Wilson and Ciara’s purchase of the Cherry Hills Village home last month for $25 million, which BusinessDen first reported.
According to Sportico, Walton’s father Rob, the former CEO of Walmart, is one of five bidders trying to buy the Denver Broncos.
This story was reported by our partner BusinessDen.