Peyton pays $4.575 million for a Manning mansion in Denver

Peyton Manning said when he signed with the Broncos that he would make Denver his permanent home, and now he has found his home. And it’s a home that will cost about one-fifth of his annual salary.

The Denver Post reports that Manning bought a seven-bedroom home in Cherry Hills Village, about 10 miles from the Broncos’ practice facility, for $4,575,000. That’s a lot of money for most of us, but Manning — whose contract with the Broncos pays him about $19.2 million a year — can swing it.

The house is 16,000 square feet on 3.37 acres, with seven bathrooms, a billiard room, a safe room and an elevator. It also features a media room, which in the Manning household will probably serve as the place to study film, at least until his 1-year-old twins are old enough to crowd him out with their Pixar DVDs.

The house was originally listed at $5.25 million, so Manning got himself a pretty good deal.

25 responses to “Peyton pays $4.575 million for a Manning mansion in Denver

  1. How will he eat with just 15 mil left thi…oh wait sorry thought this was a Latrell Sprewell article brother.

  2. I wonder if all the people who shredded Vick for his wedding will come out and call Manning and idiot and tell him how he should spend his money…

    Of course not, he’s white, so it’s okay

  3. Initial list prices for homes are generally on the hefty side, so a three quarter of a million less as the selling price for a mansion is right about what would be expected.

  4. Maybe that safe room will be used to protect him from Donkey fans who want to wring his neck after back to back 8-8 seasons.

  5. I guess Peyton is accustomed to playing second place to Tom Brady in football as well as houses. That place is a dump next to Brady’s 20 million dollar mega mansion. I guess Tommy needs the extra space for all his super bowl rings.

  6. This also puts him right down the street from his boss. Elway, and most of the higher paid Denver athletes, call this exclusive neighborhood home…….

  7. “Of course not, he’s white, so it’s okay”

    Yep, you caught us. The only difference between those Vick and Manning is the color of their skin. Has NOTHING to do with their life choices, at all. You do realize that you give racists ammunition when you cry “racism” in case where there clearly is none, don’t you? Crying wolf makes things worse, not better.

  8. Very considerate of him to also get a place set back out of earshot from the neighbors, given his real life’s passion of singing alto Italian operas.

  9. plenty of room for him to sit back & watch the next few superbowls with the family, he could have signed with the the 9ERS & won a ring by just managing the game with all the playmakers & that defense, now he is going to get batterd & bruised with a team that will be lucky to make the playoffs!!

  10. And to think I passed up the chance to be an NFL QB making that kind of money. Just that I wasn’t money hungry – your lucky Manning. NOT- I just wish big.

  11. phoff12 says: Jul 12, 2012 10:47 AM

    I guess Peyton is accustomed to playing second place to Tom Brady in football as well as houses. That place is a dump next to Brady’s 20 million dollar mega mansion. I guess Tommy needs the extra space for all his super bowl rings.
    ——————————–

    Yeah too bad Peyton doesn’t have a multi-million dollar wife with a higher net-worth to buy him a house like that

  12. east96st says:
    Jul 12, 2012 11:08 AM
    “Of course not, he’s white, so it’s okay”

    Yep, you caught us. The only difference between those Vick and Manning is the color of their skin. Has NOTHING to do with their life choices, at all. You do realize that you give racists ammunition when you cry “racism” in case where there clearly is none, don’t you? Crying wolf makes things worse, not better.

    ——————————————

    fair point. but I made mine. White people love to tell black people how to spend their money. The last two examples on this website were the Vick wedding and DeSean Jackson buying a rap studio. Go take a look at the comments. If you don’t find racism there, you’re blind as a bat.

  13. My bet is it was also a good investment for Peyton since it was probably worth at least 10 million 6 years ago.

  14. So he spent a little over 1/4 of his annual salary for his house.

    Hmmm, if “I” did that, I’d only be able to afford an outhouse and a bucket !

  15. fair point. but I made mine. White people love to tell black people how to spend their money. The last two examples on this website were the Vick wedding and DeSean Jackson buying a rap studio. Go take a look at the comments. If you don’t find racism there, you’re blind as a bat.

    ———————————————

    Manning makes $19m a year plenty of money to buy a house. Vick makes far less than that and was bankrupt before the wedding and overall is an evil person. DeSean had a $25k bar tab on the leagues rookie salary and will be broke before he leaves the league

  16. Realistically, Manning probably shelled out an even smaller percentage of his salary for the house. He has no real reason to purchase it outright. Say he lays down 30%, which is about $1.5m, and picks up a simple 15-year fixed mortgage at Historic All Time Low Rates (5% for Jumbo?). He gets a significant tax deduction since the first couple of years are virtually all interest payments, and he retains a larger portion of his working capital (i.e. salary for other investments.

    He’ll be in the house for 3 years, maybe 4; at the end of that window, he will either a) win another Super Bowl and retire, or b) reach a point at which he feels his skills have eroded sufficiently to retire. In either case, he will have no reason to remain in Denver.

    He can then sell the house, possibly at profit if the housing market has recovered, or if circumstances turn it into The House Of The Guy Who Returned The Broncos To Glory.

  17. tecmobowl34 says: Jul 12, 2012 11:56 AM

    east96st says:
    Jul 12, 2012 11:08 AM
    “Of course not, he’s white, so it’s okay”

    Yep, you caught us. The only difference between those Vick and Manning is the color of their skin. Has NOTHING to do with their life choices, at all. You do realize that you give racists ammunition when you cry “racism” in case where there clearly is none, don’t you? Crying wolf makes things worse, not better.

    ——————————————

    fair point. but I made mine. White people love to tell black people how to spend their money. The last two examples on this website were the Vick wedding and DeSean Jackson buying a rap studio. Go take a look at the comments. If you don’t find racism there, you’re blind as a bat.
    ——————————————-
    I see Vick being married a loooong time, thus making the wedding a great investment. I also CONSTANTLY read articles on PFT about ex athletes making huge money from their music labels and rap studios. Now Peyton buying a mansion in this real estate market for approximately 25% of his annual salary? That sounds really dumb.
    Damn bro, maybe you do have a point. Both of the actual dumb purchases were done by black guys, so WE ALL must be racist.

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