Arvada’s luxury home market is growing. The first eight lots in Canyon Pines, a 90-plot home development site nestled in the Arvada foothills, hit the market in March. Denver-based Peak Development purchased the 180-acre site known as 25377 State Highway 72 for $9 million nearly two years ago. Peak founder Chad Ellington said the first eight lots range from 0.5 to 1.5 acres in size and are listed for about $500,000 to a little more than $1 million.

 

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