Walmart heir Ben Walton pays $22 million for Cherry Hills Village properties
A Walmart heir joins Russell Wilson in filing over $20 million on Cherry Hills Village real estate.
Earlier this week, Terra Nevada LLC paid $22 million for four parcels in the municipality south of Denver, according to public records. This feature lists a Bentonville, Ark. address that Ben Walton and his wife Lucy used in connection with their sale of an office building in Cherry Creek in September 2020.
Walton is the grandson of Walmart founder Sam Walton. He is not new to the area. He and his wife also own a house in Hilltop, and their family office ZomaLab — which focuses on solving environmental problems in Colorado and Chile, according to its website — is headquartered in Denver. A request for comment made via ZomaLab was not returned.
The Arapahoe County deed shows the Waltons purchased four separate lots. Arapahoe County records indicate the combined site is nearly 8 acres. The properties do not appear to have been officially placed on the market.
Google Maps images and Zillow pages show that there are three houses on the four lots. A 3,127 square foot home features four bedrooms and five bathrooms; a 6,318 square foot four-bedroom, six-bathroom home; and a 2,962 square foot home features four bedrooms and five bathrooms, according to their Zillow pages.
The properties were sold by Stanford & Vine LLC, which is run by local wildcat William D. Armstrong, records show. Armstrong is the CEO of Armstrong Oil & Gas, according to his website.
It’s the second most expensive residential sale ever in the metro area, following Russell Wilson and Ciara’s purchase last month of a Cherry Hills Village home for $25 million, which BusinessDen has been skeptical about. the first to report.
Walton’s father, Rob, the former CEO of Walmart, is one of five bidders trying to buy the Denver Broncos, according to Sportico.
This story was reported by our partner Business Den. The story was updated at 10:20 a.m. on May 25.