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For sale
  • Price cut: $245K (9/2)
    $9,750,000

    485 E Colorado Ave, Telluride, CO 81435

    5beds
    --sqft
    : 
    $59,364/mo
    Get pre-qualified
    Townhouse
    Built in 1989
    0.29 Acres Lot
    $9,378,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Panoramic mountain viewsStately residenceFour inviting bedrooms
    A truly rare offering in the heart of Telluride, this stately residence unites privacy, convenience, and exceptional potential across four flat lots. Enveloped in a park-like setting with mature trees and panoramic mountain views, the property sits just steps from Town Park and the vibrancy of downtown. The main home offers four inviting bedrooms, complemented by a separate caretaker's apartment ideal for guests, extended family, or rental versatility. Three lots encompass the existing structures, while the fourth is a standalone parcel—an extraordinary opportunity to expand into a true in-town compound or to sell independently. Properties of this scale and character are virtually nonexistent in Telluride, presenting the chance to craft an unparalled legacy estate.
    363 days
    1,488
    54

    Zillow last checked:

    Listing updated:

    Listed by:

    Josh Rapaport 970-708-4070,

    LIV Sotheby's International Realty - Pine St,

    Katja Wichland Rapaport 970-729-1272,

    LIV Sotheby's International Realty - Pine St

    Source: TRIDEMLS,MLS#: 43940MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Natural Gas, Radiant Floor
      Features
      • Windows: Window Coverings
      • Number of fireplaces: 1
      • Fireplace features: 1

      Property

      Parking
      • Parking features: Heated Garage
      • Has garage: Yes
      Lot
      • Size: 0.29 Acres
      Details
      • Additional structures: Guest House
      • Parcel number: R1010099074

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse
      Materials
      • Frame, Wood (Painted)
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1989

      Utilities & green energy

      • Water: Public
      • Utilities for property: DSL

      Community & HOA

      Community
      • Security: Security System
      Location
      • Region: Telluride

      Financial & listing details

      • Tax assessed value: $7,827,800
      • Annual tax amount: $24,039
      • Date on market: 9/7/2025

        Estimated market value

        $9,378,900

        $8.91M - $9.85M

        $7,327/mo

        Price history

        DateEventPrice
        9/2/2026Price change$9,750,000-2.5%
        Source: TRIDEMLS #43940 Report a problem
        8/3/2026Price change$9,995,000-4.8%
        Source: TRIDEMLS #43940 Report a problem
        5/21/2026Price change$10,500,000-8.7%
        Source: TRIDEMLS #43940 Report a problem
        9/7/2025Listed for sale$11,500,000+201.4%
        Source: TRIDEMLS #43940 Report a problem
        12/29/2009Sold$3,815,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$27,986 +6.7%$489,240 -9.4%
        2024$26,220 +78%$539,910 -1.5%
        2023$14,734 -2%$547,860 +65.9%
        2022$15,032 +19.5%$330,320 -2.8%
        2021$12,584 +0%$339,830 +19.3%
        2020$12,584 +5.2%$284,900
        2019$11,964 0%$284,900 +2.3%
        2018$11,964 +19.4%$278,630
        2017$10,018 -1.3%$278,630 -1.6%
        2016$10,147 +15.4%$283,290
        2015$8,795 -13%$283,290
        2014$10,115 --
        2013-- --
        2012-- --
        2011-- --
        2010-- $319,650
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 81435

        Getting around

        69 / 100
        Somewhat Walkable

        Nearby schools

        GreatSchools rating

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