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almart's founders established their company as a low-cost leader in the retail industry, but one of their descendants has taken a different approach in Denver, Colorado. Rob Walton, son of Walmart founder Sam Walton, along with his daughter Carrie and son-in-law Greg Penner, set a record for the most expensive home purchase in Denver's history with their $17.7 million buy in the Polo Club neighborhood nearly two years ago. More recently, they paid $10.5 million for an adjacent property, intending to demolish existing structures and construct a mansion on the nearly eight-acre land spread across both parcels.
The first deal made through Maroon Partners LLC was particularly noteworthy, as it claimed the record for the most expensive home sale in Denver on its own. The combined price tag of $28.2 million for both deals surpassed the previous metro market record of $25 million, which was paid by former Denver Broncos quarterback Russell Wilson in the suburban municipality of Cherry Hills Village.
Public records indicate that Maroon Partners LLC plans to spend $50 million on building a new residence in the prestigious Polo Club neighborhood. This suggests plans to spend more than $20 million for teardown and construction of a new home on the site.
The National Football League (NFL) serves as a common thread in these deals. The Walmart-linked trio, which includes Penner who is integral to the family business as chairman of the retailer, set a different record in 2022 when they led a group that paid $4.7 billion for the Denver Broncos, the highest amount ever paid for an NFL team.
Maroon Partners lists Aspen real estate attorney Leonard Oakes as an "authorized signatory" of the LLC. However, Oakes did not respond to the Denver Post's requests for comment.
The Mile High City isn't the only metro market where ties to Walmart and the NFL are reflected in luxury residential deals. Los Angeles Rams owner Stan Kroenke, whose wife Ann is a Walmart heir, has acquired several eight-figure properties in Southern California, including a Beverly Hills condominium with a price higher than the record-setting buy made by his relatives in Denver.
