Your extremely knowledgeable Telluride Sotheby’s International Realty Broker Associate will be able to educate and advise you as to the best property suited to your needs. Whether your dream property is a palatial ranch on one of Telluride’s mesas or a deed restricted condominium in Mountain Village, Telluride Sotheby’s can help guide you along the way.
A condominium, is the individual ownership of a unit in a multi-unit structure, for example, a complex of apartments or condominiums, or on land that is owned in common, such as in a town home.
Most condominiums in the region are located in the Town of Telluride and Mountain Village, and there are many options for buying in the market that range from studios to a five-bedroom penthouse.
One advantage of purchasing a condominium is the healthy short-term rental opportunities that exist since Telluride is a world-class vacation destination.
Deed Restricted Properties
Deed restriction in Telluride is different than in other places. Typically deed restriction restricts the way in which a property, such as a house or condominium, can be used, and usually imposed by the property’s present or former owners, the developer or builder, the neighborhood or the homeowner association.
In Telluride, deed restriction applies to restricting the sale or rent of a property by the local government to those that are making a living in the Telluride region. These properties are usually occupied, if not owned, by a local employee or self-employed residents that qualify for the benefit, and are at prices below market value.
Programs differ between the Town of Telluride, Mountain Village, and the San Miguel County; it’s best to consult with your Telluride Sotheby’s Broker Associate to determine how the deed restriction applies and if you qualify.
Luxury fractional ownership has become a prevalent alternative to single ownership of property in the Telluride market.
Fractional ownership is the division of an asset into shares and then selling those shares to individual owners. While owners are limited to specific days or weeks of use, they pay a much lower amount for their share than what buying a whole property would cost, and the owner can sell their shares which typically appreciate.
Additionally, they receive benefits that are typical of a resort such as a concierge services, spa, fitness center, room service, and maid service. Some opportunities also include privileges such as ski, golf, or spa memberships.
Outside of Telluride and Mountain Village there are many ranch properties that range from two to more than a thousand acres in size. These ranch properties offer a combination of incredible views, privacy, open space and the idyllic western lifestyle.
Many parcels are improved with homes on them, although opportunities to build your dream home still exist with access to services such as utilities and improved roads.
While a few of these properties still carry on the tradition of livestock ranching, many are residential in nature, but may allow equestrian use.
Single Family Homes
There is a wide variety of single-family home properties in the Telluride region. As a rule, homes in the Town of Telluride and Mountain Village tend to be more expensive than those in neighborhoods and communities outside of the area.
The exceptions are properties to the northwest above the Telluride airport and some of the subdivisions along Highway 145 south. It should be noted that since Telluride is a National Historic Landmark District there are some restrictions in regards to building, remodeling, and property improvements that one could do.
Lots and Land
Are you looking to build your custom dream home?
There are some in-town lots in Telluride; these lots tend to be small and scarce. If you are looking to build a bigger home in Mountain Village, a subdivision or a ranch property may be more appropriate.
There are parcels readily available in Mountain Village from a fraction of an acre to multiple acres. In the subdivisions lots range from a half acre to multiple acres and priced based on views and location.