Why is Telluride a Sound Investment?

Telluride and Mountain Village are surrounded by millions of acres of public lands, conservation easements and steep mountains, prohibiting future development and resort sprawl. The scarcity of available land around Telluride, combined with the impact of COVID-19, has driven unprecedented real estate demand. With master-planned PUDs dominating the region, historic absorption rates and entitled projects are limiting new supply and intensifying competition in the market. The Telluride Region is land locked, and we are essentially an island in the mountains.

The entire area is under a master plan with long-established PUDs and restrictions on future growth and expansion. This funnels the buying pool directly into the Telluride and Mountain Village markets. There are some great opportunities in sub-markets immediately adjacent to Mountain Village.

There has been significant down-zoning in our region – areas like:

• Aldasoro Ranch – 1,500-acre ranch zoned for 2,500 units – down zoned to 150 3-acre single family sites in 1981.
• West Meadows – 1,200-acre ranch located directly across from Mountain Village entrance – down zoned from 2,500 units to 31 single family 35-acre lots in 2000 – vacant parcels trade for north of $6 million – none available.
• Valley Floor – In 2002, the Town of Telluride paid $50 million to purchase the last remaining large development site, forever restricting future growth. Comprising 586 acres and the 3-mile scenic gateway to Telluride, The Valley Floor property and condemnation permanently preserved the land, preventing future development and land-locking Telluride, thereby maintaining the area’s natural landscape and limiting growth.
• All other land in the region has already been subjected to a master plan and developed. Nothing else remains for large scale future development.

Demand has outpaced supply, leading to historic absorption rates and over 100% appreciation across nearly every market segment in just a few years. This rapid growth highlights a competitive landscape with limited inventory and rising prices, driving significant value increases. Demand is at an all-time high while inventory is at an all-time low – The Highline a new condo project is 56% contracted (9 of 16 units) at record price per foot having just broken ground in October.

In the Mountain Village Core, there are 4 projects that are fully entitled and represent the last available multi-unit developments in the Mountain Village Core.

Four Seasons Telluride / Six Senses Telluride / The Highline / & Belvedere III

Once these are completed over the next few years, the Mountain Village is out of multi-unit development.

While a little subjective, it would be hard to argue that Telluride is not the most picturesque and most beautiful spot in all of ski country.

• The gondola is the only one of its kind.
• The historic designation and nature of the area will never change.
• Telluride Ski Resort is consistently ranked as one of the top ski resorts in Colorado and in North America via On the Snow, USA Today, Ski Magazine, Peak Rankings, and Forbes, just to name a few.