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For sale
    • Price cut: $1M (5/21)
    $10,500,000

    485 E Colorado Ave, Telluride, CO 81435

    5beds
    3,852sqft
    : 
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    Single Family Residence
    Built in 1989
    0.29 Acres Lot
    $9,737,300 Zestimate®
    $2,726/sqft
    $-- HOA

    What's special

    Park-like settingMature treesPanoramic mountain viewsInviting 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.
    318 days
    |
    1,801
    |
    57
    |

    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, In-Floor
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Freezer, Gas Oven/Range, Microwave, Refrigerator, Washer
      Features
      • Lofts: One
      • Windows: Window Coverings
      • Number of fireplaces: 1
      • Fireplace features: 1
      Interior area
      • Total structure area: 3,852
      • Total interior livable area: 3,852 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: 2 Car Garage, Detached
      • Garage spaces: 2
      • Uncovered spaces: 2
      • Details: Covered Parking: 2 Car, Garage, Heated
      Features
      • Patio & porch: Patio/Deck
      • Has spa: Yes
      • Spa features: Hot Tub
      • Has view: Yes
      • View description: Box Canyon, Bear Creek
      Lot
      • Size: 0.29 Acres
      • Features: Near Park
      Details
      • Additional structures: Garage(s), Guest House, Caretakers Unit
      • Parcel number: R1010099074
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood (Painted)
      • Roof: Asphalt
      Condition
      • 21 - 40 Years
      • New construction: No
      • Year built: 1989
      • Major remodel year: 2000

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Security System
      • Subdivision: None
      Location
      • Region: Telluride

      Financial & listing details

      • Price per square foot: $2,726/sqft
      • Tax assessed value: $7,827,800
      • Annual tax amount: $24,039
      • Date on market: 9/7/2025
      • Road surface type: Paved

        Estimated market value

        $9,737,300

        $9.25M - $10.22M

        $7,327/mo

        Price history

        DateEventPrice
        5/21/2026Price change$10,500,000-8.7%$2,726/sqft
        Source: TRIDEMLS #43940 Report a problem
        9/7/2025Listed for sale$11,500,000+201.4%$2,985/sqft
        Source: TRIDEMLS #43940 Report a problem
        12/29/2009Sold$3,815,000$990/sqft
        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

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

        Neighborhood: 81435

        Getting around

        69 / 100
        Somewhat Walkable
        67 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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