John Elway’s ex-wife sells Belcaro mansion for $4M

When John Elway’s ex-wife listed her Belcaro home for $4.5 million in 2019, it sat on the market for 228 days. She reduced the price to $3.5 million before pulling it.

Janet McKinnon had better luck listing 900 S. Steele St. this time. It went under contract in 12 days and closed at $4.1 million earlier this month.

“We knew we had to tell a different story for a house that had previously been on the market for 200-plus days,” said realtor Delroy Gill, who listed it for McKinnon.

Gill and his co-listor Stuart Crowell named the mansion “Magnifica Casa” and displayed its lush landscaping using posterboard photos illustrating the half-acre property in full bloom for potential buyers.

“The home has a wonderful courtyard and flowers, but we were showing it snow-covered during some of the worst Denver weather,” Gill said.

They also convinced McKinnon to replace light fixtures, refinish the floors with a lighter stain and repaint the walls a softer white.

“Subtle changes can make huge impacts,” Gill said.

The Mediterranean-style home features arched stonework entryways and a four-way limestone fireplace. In addition to the landscaping, the backyard includes an outdoor kitchen.