One of Boulder’s most distinctive homes is for sale again, and this time, it’s price reduced. Get out your checkbook, because the price has been whittled down from 2008 to only $4.75M. I’m talking about 700 Highland Ave. Boulder, CO 80302

The home is one of my favorites in town, although Highland Ave. in Boulder is a plum street in the historic district. (In fact, there are two other great homes on the market on Highland, also beautiful, and huge: 410 Highland Ave, known for its impressive tree swing, and 403 Highland Ave, known for its buttery location at the foot of the foothills.)

One of the reasons this spectacular street is so coveted is because it’s in the Mapleton neighborhood, but I like Highland because it’s a short street with “T” intersections at both ends; through traffic is not an issue. They’re only a block apart, but Mapleton Ave. is busier than Highland, especially during the summer months, when tourists and hikers head up Sunshine Canyon, or stop at the Sanitas trail head. Highland is hidden enough from the main drags that Pearl Street and downtown parking poaching is limited.

But 700 Highland is notable because it’s perhaps the biggest on the block. At more than 10,000 square feet, plus a generous lot size, you can get your groove on Boulder-style, with room to spare. It’s so huge that it was once a school house. Built in 1906, it’s got history, and where there’s history, there’s character. (Even though the character’s been tastefully refurbished over the years.)

Even if you’re not shopping Boulder’s luxe market right now, there are 18 photos of the property at COhomefinder. Take a peek inside. The home is listed by Goodacre and Co, the local brokerage famous for its family ties to ’80s-’90s Victoria’s Secret model and Harry Connick Jr. spouse, Jill Goodacre. Who knew Colorado real estate and celebrity gossip would ever end up at the same blog?