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.
For sale
Price cut: $245K (9/2)
$9,750,000
485 E Colorado Ave, Telluride, CO 81435
5beds
--sqft
Townhouse
Built in 1989
0.29 Acres Lot
$9,378,900 Zestimate®
$--/sqft
$-- HOA
What's special
Panoramic mountain viewsStately residenceFour inviting bedrooms
- 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#: 43940
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
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $9,750,000-2.5% |
Source: | ||
| 8/3/2026 | Price change | $9,995,000-4.8% |
Source: | ||
| 5/21/2026 | Price change | $10,500,000-8.7% |
Source: | ||
| 9/7/2025 | Listed for sale | $11,500,000+201.4% |
Source: | ||
| 12/29/2009 | Sold | $3,815,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






