Nestled in the heart of Telluride's sought-after west end, the ''Rainbow House'' is a beautifully maintained 3-bedroom, 3-bath residence offering the perfect blend of mountain charm and comfort. This inviting home features a private, fenced yard with outdoor hot tub and dog run, and thoughtfully cared-for interiors that make it equally suited as a full-time residence, vacation retreat, or short term rental property, providing exceptional flexibility for owners seeking personal enjoyment with the opportunity for rental income.
Location is one of the home's greatest assets. Walk just minutes to Lift 7 for ski access, or enjoy the convenience of strolling, biking, or catching Telluride's free gondola and free bus to anywhere in town. Whether heading to the ski slopes, hiking trails, restaurants, festivals, or shops, everything Telluride has to offer is within easy reach. Additional features of the home include irrigated lined planters with drainage along the interior back fence, four skylights, alarm, Flologic, fenced dog run, covered BBQ and secure trash and recycling shed.
This is an exceptional in-town location and the Rainbow House is a true Telluride classic with enduring appeal.
Pending
$4,500,000
785 Smuggler Ave, Telluride, CO 81435
3beds
--sqft
Townhouse
Built in 1981
2,613 Square Feet Lot
$4,359,000 Zestimate®
$--/sqft
$-- HOA
What's special
Private fenced yardThoughtfully cared-for interiorsOutdoor hot tubDog runCovered bbqFour skylights
- 40 days
- 123
- 4
Zillow last checked:
Listing updated:
Listed by:
Laura Ellison 970-729-1091,
Ellison MacIntire Partners, LLC
Source: TRIDEMLS,MLS#: 44776
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Crawl Space
- Has fireplace: Yes
Property
Features
- Fencing: Fenced
Lot
- Size: 2,613 Square Feet
Details
- Parcel number: R1010003654
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Frame
- Roof: Metal
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Backman Village
Location
- Region: Telluride
Financial & listing details
- Tax assessed value: $3,328,750
- Annual tax amount: $10,222
- Date on market: 7/26/2026
Estimated market value
$4,359,000
$4.14M - $4.58M
$7,680/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Pending sale | $4,500,000 |
Source:  TRIDEMLS #44776 Report a problem | ||
| 7/26/2026 | Listed for sale | $4,500,000+283% |
Source: TRIDEMLS #44776 Report a problem | ||
| 8/2/2010 | Sold | $1,175,000 |
Source: TRIDEMLS #25493 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,511 +6.7% | $208,050 +2.6% |
| 2024 | $9,848 +152.6% | $202,780 -2.3% |
| 2023 | $3,899 -2% | $207,450 +137.3% |
| 2022 | $3,978 -39.7% | $87,420 -2.8% |
| 2021 | $6,594 +100% | $89,930 +20.5% |
| 2020 | $3,297 +6.1% | $74,650 |
| 2019 | $3,107 0% | $74,650 +3.2% |
| 2018 | $3,108 +19.4% | $72,370 |
| 2017 | $2,602 -8.1% | $72,370 -8.5% |
| 2016 | $2,832 -3.2% | $79,060 |
| 2015 | $2,927 | $79,060 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | $90,540 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 81435
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