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Denver titan lists Cherry Hills mansion for $18.5M

Charlie Gallagher is selling his 23,000-square-foot mansion adjacent to the 10th green at Cherry Hills Country Club.

Gallagher, a private-equity executive inducted into the Colorado Business Hall of Fame in 2011, owns the eight-bedroom, 14-bath mansion on Cherry Hills Drive with his wife, Diane.

Chicago architect Gregory Maine designed the brick and stone mansion with a cobblestone circular drive. Constructed in 1993, the house, designed to be reminiscent of a 14th-century French country home, features painted ceilings, plastered walls, eight fireplaces and 18 sets of French doors.

The home includes multiple staircases, an elevator, and a two-story dining room with a marble fireplace. The walled, 2-acre grounds include a pool and patios.

Gallagher’s success story started with the 1986 acquisition of Applied Industrial Materials Corp. His strategies transformed the company and led to a series of acquisitions that prompted him to form Gallagher Industries, a private equity investment firm.

Gallagher has served on the boards of the Denver Art Museum, Denver Area Council Boy Scouts of America, Regis University, Colorado Concern, Catholic Foundation for the Archdiocese of Denver, Metropolitan State College of Denver Foundation, National Jewish Medical & Research Center, Colorado UpLIFT, ACE (Alliance for Choice in Education) and Xavier University.

Gallagher sold a Grand County ranch with a rustic lodge, saloon, and private ski slopes for $30 million in December 2020 to Capstone Property Group. The property was initially listed in 2016 for $38.9 million.

Meanwhile on the seas, in 2010, Derecktor Shipyards in Connecticut completed construction of Gallagher’s 281-foot yacht Cakewalk. The yacht was the longest built in the United States since the 1930s, costing more than $82 million. In an interview with the Hartford Courant, Gallagher said his goal wasn’t to build the largest yacht in the world. “But it is important to us to have the finest-quality yacht in the world. That’s what I set out for.”

The Gina Lorenzen and Kara Couzens team with Kentwood Real Estate DTC listed the Cherry Hills Village mansion on Aug. 5. Lorenzen declined to comment when reached by phone.

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