Ever dream of your own private waterfall? Dream Catcher is a masterwork of design located a mile from Telluride. This residence offers secluded mountain majesty and in-town convenience. 2,000 sq. ft. of decks make an entertainer's paradise. Host friends and family, grill dinners or enjoy cocktails at the fire pit. Using the elevator, relax in the state-of-the-art theater or sit by one of 2 fireplaces. To the east, unobstructed views of Bridal Veil and Ingram Falls; to the west, sunsets over the Telluride Valley. The waterfall shimmers nightly under custom lights-three sides of open space ensure peace and privacy. An upper-level primary suite is complemented by 3 ensuite guest bedrooms and an au pair suite/office. Dramatic setting and luxurious amenities make Dream Catcher a legacy retreat
For sale
Price cut: $2M (8/4)
$14,950,000
21 Royer Ln, Telluride, CO 81435
5beds
--sqft
Single Family Residence
Built in 1998
1.57 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
State-of-the-art theaterPrivate waterfallFire pitUpper-level primary suite
- 194 days |
- 870 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Jim Lucarelli 970-728-0213,
Compass Colorado - Telluride
Source: TRIDEMLS,MLS#: 44250
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Features
- Number of fireplaces: 2
- Fireplace features: 2
Property
Lot
- Size: 1.57 Acres
Details
- Parcel number: R1030937215
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1998
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Falls at Telluride
Location
- Region: Telluride
Financial & listing details
- Tax assessed value: $8,717,131
- Annual tax amount: $2,412,924
- Date on market: 2/12/2026
Estimated market value
Not available
Estimated sales range
Not available
$7,069/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $14,950,000-11.5% |
Source:  TRIDEMLS #44250 Report a problem | ||
| 2/12/2026 | Listed for sale | $16,900,000-21.4% |
Source: TRIDEMLS #44250 Report a problem | ||
| 2/12/2026 | Listing removed | $21,500,000 |
Source: TRIDEMLS #43954 Report a problem | ||
| 9/12/2025 | Listed for sale | $21,500,000 |
Source: TRIDEMLS #43954 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,308 +6.7% | $544,820 +92.1% |
| 2024 | $12,477 +7.5% | $283,610 -1.9% |
| 2023 | $11,608 -2.1% | $289,060 -3% |
| 2022 | $11,853 +43.4% | $298,090 -2.8% |
| 2021 | $8,264 0% | $306,670 +41.9% |
| 2020 | $8,264 +19.7% | $216,080 +9.6% |
| 2019 | $6,903 0% | $197,200 +3.4% |
| 2018 | $6,904 +16.6% | $190,800 +1.5% |
| 2017 | $5,921 -9.7% | $188,000 -11.7% |
| 2016 | $6,561 +7% | $212,890 |
| 2015 | $6,131 | $212,890 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | $285,710 |
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.Climate risks
Neighborhood: 81435
Nearby schools
GreatSchools rating
- NATelluride Elementary SchoolGrades: PK-2Distance: 1.5 mi
- 9/10Telluride Middle SchoolGrades: 7-8Distance: 1.8 mi
- 10/10Telluride High SchoolGrades: 9-12Distance: 1.7 mi
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