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What to Do With an Inherited House in Lone Tree

Lone Tree's location near the Denver Tech Center makes inherited property here particularly valuable. Here's how to make the right decision for your situation.

Why Lone Tree Properties Are Valuable

Lone Tree offers rare combination: proximity to DTC employment, RTD light rail access, excellent Cherry Creek Schools, and upscale amenities like Park Meadows. This demand supports strong property values.

First Steps After Inheriting

1. Secure the Property

Lone Tree homes often have high-end finishes and features. Ensure locks are changed, alarms are active, and valuables are secured.

2. Check HOA Status

Most Lone Tree communities have HOAs — many are high-end with significant dues. RidgeGate, Carriage Club, and Heritage Hills all have specific requirements. Contact the HOA to understand outstanding dues and rules.

3. Understand Probate Needs

Property goes through Douglas County District Court if probate is required. You may be able to sell before probate closes once you have proper authority.

Your Three Options

Option 1: Sell

Lone Tree's premium market means strong buyer demand. Properties here attract both DTC professionals and executives seeking upscale suburban living.

Best for: Out-of-state heirs, multiple heirs who need to divide proceeds, those who don't want ongoing HOA and maintenance costs.

Option 2: Keep & Live There

Lone Tree offers excellent lifestyle: light rail to downtown Denver, walkable shopping at Park Meadows, top-rated schools, and easy DTC commute.

Best for: Solo heirs considering relocation to the Denver area, those working in the Tech Center.

Option 3: Rent

Strong rental demand from DTC professionals. However, Lone Tree HOAs often have rental restrictions. Check rules before committing to this path.

Best for: Local heirs comfortable with premium property management, those with HOA-compliant rental situations.

Lone Tree Market Factors

What Affects Value:

  • School district: Cherry Creek schools add premium value
  • Light rail proximity: Walking distance to RTD stations is desirable
  • Community: RidgeGate, Heritage Hills, and newer developments command different prices
  • Property age: Older Lone Tree homes (1990s) vs. newer RidgeGate construction
  • Views & lot size: Mountain views and larger lots add value

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