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Schoolyard greening initiatives have become increasingly prominent in urban school districts across the United States, particularly as mechanisms to promote environmental justice, child well-being, and neighborhood revitalization. While these interventions aim to address health and ecological disparities, they may also trigger real estate speculation and displacement in historically marginalized areas. This study investigates how property values are affected by proximity to greened schoolyards in Denver, Colorado. Using spatial analysis and hedonic regression techniques, we examine whether these greening efforts correlate with uneven housing market changes across diverse neighborhoods. Results suggest that homes located within 250 meters of greened schoolyards experienced significantly higher value appreciation than those further away, especially in neighborhoods already undergoing gentrification. These findings raise questions about the unintended consequences of environmental investments and emphasize the need for equitable policy frameworks.