Idarado Legacy, a project at the east end of the Telluride valley, made six more Homesteads, or lots, in the Pandora neighborhood available for purchase in the beginning of December. Homesteads in the Bridal Veil and Liberty Bell neighborhoods will be made available some time in late 2005.

Idarado Legacy consists of 37 home sites that have been carefully placed within three distinct neighborhoods: Bridal Veil, Liberty Bell and Pandora. The property extends from the east edge of town to the entrance of the Pandora Mill site at the base of Bridal Veil Falls and provides an exciting range of opportunities for new residential development close to town. Lots average approximately 2 acres in size (with generous building envelopes), with a few that exceed 10 acres. Click here for a site map of the property.

The Pandora spur of the Idarado Legacy includes 24 Homesteads, eight of which are set on lots adjacent to the San Miguel River, and many of which provide views of both Bridal Veil and Ingram Falls. Much of the property holds mature stands of aspen, spruce, and cottonwood trees. The residential architecture within Pandora will embrace a mountain vernacular with “American rustic” and mining design elements.

According to the developers of the project, as of December 17 five lots ranging in price from $1,050,000 to $1,300,000 have sold in Pandora, and four more are under contract, with four others currently available for purchase – P10, P12, P14 and P2 – at prices ranging from $1,125,000 to $1,300,000. The Homesteads currently for sale are located primarily at the end of Pandora Lane. Utilities along Pandora Lane are installed, and final paving is scheduled for Summer 2005.

Chaffin/Light/Hegberg is implementing the development of Idarado Legacy and the creation of the new home sites. Chaffin/Light/Hegberg is known collectively for creating Wildcat Ranch, a conservation-based low-density development adjacent to Snowmass Village; the Roaring Fork Club, a fly fishing and golf club near Aspen; and Spring Island, a conservation-based development in the Low Country of South Carolina.

After touring the proposed home sites, and given Chaffin/Light/Hegberg’s past successes, Real Estate Affiliates believes the Idarado Legacy project is an exciting new addition to the regional real estate market, particularly for Buyers looking for property near town that offers a little bit of “elbow room.” Should you have any interest in the Idarado Legacy, please feel free to contact us at info@tellurideaffiliates.com for more information. We’d be happy to update you on the development’s progress and send you more detailed maps and availability charts.