CU Foundation Sold Former Chancellor Home for $4 Million
The 4,850-square-foot Boulder residence sold for $450,000 below its initial July listing price.
Updated on Sept. 24, 2026 in Residential
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The University of Colorado Boulder Foundation sold the former chancellor's home on the 500 block of 14th Street for $4 million. The sale comes after the property was listed in July 2026 for $4.45 million.
Why it matters
The sale marks the end of the property's role as an official residence after Chancellor Justin Schwartz moved out during the summer of 2026. The site is expected to be cleared to accommodate future faculty and staff housing needs.
The 4,850-square-foot property features four bedrooms and six bathrooms. The foundation originally purchased the residence for $3.75 million in 2024 and invested $274,000 in repairs and renovations.
The players
CU Foundation
This is an independent non-profit organization that manages the university's assets and real estate investments.
Justin Schwartz
He serves as the chancellor of the University of Colorado Boulder and was the most recent resident of the home.
The details
The CU Foundation utilized unrestricted operating cash to manage both the purchase and sale of the 14th Street home. The property at 3600 Caddo Parkway previously served as the official university residence before the transition.
Timeline
The CU Foundation purchased the 14th Street home in 2024.
Chancellor Justin Schwartz vacated the home during summer 2026.
The residence was listed for sale on July 20, 2026.
The property officially sold on September 21, 2026.
Roadmap
This transaction reflects a broader trend among major universities to divest from traditional, high-maintenance presidential residences to prioritize dense faculty and staff housing. The reallocation of real estate assets positions the university to better manage its land inventory in a competitive housing market.
The decision to clear the land for faculty and staff housing may eventually increase the supply of university-provided accommodations for employees. Residents in the neighborhood should expect future construction activity once the planned redevelopment moves forward.
The takeaway
Large institutions are increasingly shedding high-end residential holdings to optimize their campus land usage. Homeowners in the area should monitor upcoming university planning board filings for updates on the site's future development.
Further reading
For more information on the local property market, see Residential.
Source note: This article includes information reported by Broomfield Enterprise.
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