Telluride Affiliates

  December 2004


With ski season now in full swing and Christmas and New Year’s just around the corner, town is at its most charming. Telluride’s holiday season boasts a plethora of activities for everyone – from on-mountain events to concerts throughout town.

Point Cypress, a new listing, is our Featured Property of the month. This 4-bedroom, 4-bath, golf course home is perfect for families or for entertaining. Spectacular views and the highest attention to detail finish out this unique home. Contact Jim Lucarelli for more information.

If you have questions about buying or selling other types of property in the area, or if you simply want some additional information on Telluride or its real estate market, please let us know how we can help.

Finally, if you haven’t been to our website – www.tellurideaffiliates.com – recently, we’d encourage you to take a look. It’s got a new look, and our property search function has been upgraded to be more user friendly.

 

Point Cypress, Mountain Village »


Surrounded by stunning views on all sides, this comfortable 4-bedroom, 5,512 sq. ft. golf course home offers the finest in location and amenities. The main level features an open floor plan in the living areas, perfect for families or for entertaining. Two-hundred year-old timbers support 24 ft. tall ceilings in the great room and provide for amazing views of the San Sophia Ridge through floor-to-ceiling windows. Offered at $2,850,000.
View Complete Listing Information »

 

Idarado Legacy Update »


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. Read More...

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Reece Tours High School Math Class »


In mid-November, Sierra Reece led Cindy Suplizio’s Telluride High School business math class on a tour of the Franklin Manor, a property listed by Affiliates Owner Jim Lucarelli. Suplizio’s class, made up of six seniors, had just completed a real estate project in which each student chose a property for sale in the Town of Telluride. The students then went through the mortgage process and figured out the mortgage payments for the properties they chose, as well as other fees and costs associated with buying a property.

To conclude the project, Suplizio asked that a member of The Affiliates show the class a property so that the students would be able to see first-hand the features that help determine value and distinguish one property from another. The students were also interested in qualities that might add to or detract from the property’s desirability and cost.

After holding several open houses at Franklin Manor over the course of the fall selling season, Reece has a high level of familiarity with the main street B&B and felt it would be a good example for the students. Zoned commercial, it can be run as-is as a bed and breakfast or easily converted to a triplex, two features that caused the students to think creatively as they made their determinations on whether or not the property fit their hypothetical budgets and needs.

During the tour of the Franklin Manor, the students asked several pertinent questions, including: “What sort of process would I need to go through with the town if I wanted to convert this property into a triplex?” and “What has the Telluride real estate market been doing lately?”

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Market Activity »


Telluride/Mountain Village MLS
October 15, 2004 to December 15, 2004

Single-family homes

 

12 closed

average price (sold) $1,572,427

3 currently under contract

average price (asking) $1,966,667

Vacant Land

 

13 closed

average price (sold) $710,500

6 currently under contract

average price (asking) $801,999

Condominiums

 

31 closed

average price (sold) $817,183

14 currently under contract

average price (asking) $563,057

Commercial

 

4 closed

average price (sold) $1,012,500

1 currently under contract

average price (asking) $700,000
Fractionals
 
3 closed
average price (sold) $154,000
1 currently under contract average price (asking) $374,999

 

401 Forest Service Road 630, Ophir Valley »


Set on 35 sprawling acres surrounded by National Forest Service land, this spacious Ophir Valley home has a lot of potential. The 2,270 sq. ft. main house offers 5 bedrooms, 3 baths and two south-facing decks with great sun exposure and stunning views of all of the Ophir Valley. An attached 750 sq. ft. Caretaker Unit features an open kitchen/living area plus a loft. A 9-acre corral with two hay barns and a large, spring-fed pond make this great horse property, only minutes from Telluride. Offered at $949,500. View Complete Listing Information »

514 Society Drive, Telluride Valley »


The most affordable single-family home in the Telluride MLS in the Telluride valley. This is a 4-bedroom/3-bath locals home in Lawson Hill on a 3920 sq. ft. lot—a great choice for a First Time Homebuyer or family looking for some extra space. An enclosed single car garage is deep enough to provide a work bench space. This home is deed-restricted, buyers must qualify with the San Miguel Regional Housing Authority. Offered at $360,000. View Complete Listing Information »

Seven Gables, Mountain Village »


Seven Gables is Telluride’s premier golf course residence. Situated on the fifth fairway, it offers breathtaking views of the San Sophia Ridge. Seven Gables offers five bedrooms, five and-a-half baths, and spacious living areas in a gracious 6300 square foot home. Situated on a private drive away from traffic noise, this home offers the best in views and privacy. Two patios provide for wonderful summer entertaining. During winter and cool summer evenings, a wood burning fireplace and two gas fireplaces bathe skiers, golfers, and hikers in luxurious warmth. Seven Gables has all the features a discriminating owner expects, in a setting that must be seen to be believed. Offered at $3,995,000.
View Complete Listing Information »

232 North Willow, Town of Telluride »



Located in one of the best neighborhoods in town, this 3-bedroom, 2-bath plus loft home has a lot of potential. The 1,721 sq. ft. main house has an upstairs kitchen/living room. A 330 sq. ft. guest house outfitted with 6 skylights, custom-made wood and steel finishings sits behind the main residence. Offered at $1,995,000. View Complete Listing Information »

Goldbelt Building, Unit 2, Town of Telluride »


This top-floor 3-bedroom, 2 ½-bath residential condominium has a wonderful assortment of unique features that gives it a very spacious feeling. Two decks, one on the east side and one on the south side of the unit, and a widow’s walk offer 360-degree views of absolutely everything and provide plenty of opportunities to enjoy the town’s scenic beauty. Offered at $1,275,000. View Complete Listing Information »

Woodburning Fireplace Permit for Mountain Village »

corner house grill
Woodburning Fireplace Permit for Mountain Village. One of only 100 permits available. Offered at $85,000.
View Complete Listing Information »

 

The Affiliates Team »
Jim
Jay
Mike
Sierra

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