For sale

Price cut: $545K (5/21)

$7,950,000

115 W Colorado Ave, Telluride, CO 81435

4beds

6,630sqft

Get pre-qualified

Mixed Use

Built in 1978

3,049 Square Feet Lot

$7,485,600 Zestimate^®

$1,199/sqft

$-- HOA

What's special

Incredible rooftop deck

Opportunities like this don't come around often. Located on the sunny side of Telluride's iconic Main Street, 115 W Colorado is a rare chance to own an entire building in the heart of downtown. With commanding views of the ski area and surrounding peaks, the 6,630 square foot property includes two commercial spaces, two 1-bedroom residential units, and a 2-bedroom penthouse with an incredible rooftop deck. Whether reimagined as a legacy family compound, a flagship commercial venture, or a mixed-use income property, the possibilities are as limitless as the views. No historic designation means a smoother path for future improvements. This is about more than square footage - it's about staking your place at the center of one of the most storied mountain towns in the world.

213 days

1,072

30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5
Full bathrooms: 5

Heating

Radiant Floor, In-Floor

Appliances

Included: Dryer, Freezer, Gas Oven/Range, Refrigerator, Washer

Features

Lofts: One
Basement: Finished
Number of fireplaces: 3
Fireplace features: 3

Interior area

Total structure area: 6,630
Total interior livable area: 6,630 sqft

Property

Parking

Total spaces: 4
Parking features: 4 Car
Has uncovered spaces: Yes

Features

Has view: Yes
View description: Ajax, Main Street

Lot

Size: 3,049 Square Feet
Features: Main Street

Details

Parcel number: R1010000430
Zoning description: Residential/Commercial

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use

Materials

Stone
Roof: Tar/Gravel

Condition

21 - 40 Years
New construction: No
Year built: 1978
Major remodel year: 1998

Utilities & green energy

Electric: Power Company
Gas: Natural
Water: Public
Utilities for property: Cable Connected

Community & HOA

Community

Subdivision: None

Location

Region: Telluride

Financial & listing details

Price per square foot: $1,199/sqft
Tax assessed value: $6,844,900
Annual tax amount: $52,154
Date on market: 12/19/2025

Estimated market value

$7,485,600

$7.11M - $7.86M

$5,715/mo

Price history

Date	Event	Price
5/21/2026	Price change	$7,950,000-6.4%$1,199/sqft
Source: TRIDEMLS #44132 Report a problem
2/18/2026	Price change	$8,495,000-2.9%$1,281/sqft
Source: TRIDEMLS #44132 Report a problem
12/19/2025	Listed for sale	$8,750,000+56.3%$1,320/sqft
Source: TRIDEMLS #44132 Report a problem
6/30/2021	Sold	$5,600,000$845/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$57,594 +6.7%	$1,089,350 -2%
2024	$53,960 +36.3%	$1,111,110 -0.4%
2023	$39,601 -0.3%	$1,116,130 +25.7%
2022	$39,731 +318.3%	$887,830 -1.2%
2021	$9,498 -68.6%	$898,190 +31.2%
2020	$30,244 +7.8%	$684,730
2019	$28,060	$684,730 -43.1%
2018	$28,060 +19.4%	$1,204,240 +84.3%
2017	$23,496 +0.4%	$653,470 +0%
2016	$23,406 -0.4%	$653,440
2015	$23,510	$653,440

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified