The overall Telluride real estate market is really heating up. I am seeing Telluride properties in all segments of the market contract and close on a daily basis, which is a great sign. Even land activity in Telluride has increased in the last few months, which bodes well for the stabilization of the Telluride real estate market. One of the better values available are the Townhomes On The Creek properties in the Mountain Village condo / townhome market. These properties are very high-end with walnut floors, soapstone counters, plaster walls, Viking appliances, in-floor radiant heat and outside snowmelt system. They also have huge mountain views and excellent ski access. The close proximity to the Mountain Village Core, means you can walk to the restaurants, shops, bars and gondola in ~5 minutes. So far in the last month we have sold 3 properties in the complex and they have all closed at the full asking price. These new construction townhomes are being offered at below replacement cost by the developer and represent a tremendous value, which should be considered by all Telluride condo buyers and even buyers looking for single family homes in Telluride and Mountain Village. Their spacious floor plans and private garages make them feel like a single family home once inside. These are easily some of, if not the best values in the entire Telluride real estate market.
Several of the larger townhomes are being rented and generating anywhere from $55K – $84K depending on the size of the unit. This is very strong rental revenue for our area and would more than offset all yearly expenses and leave a nice chunk of change in your pocket at the end of the year. The newest properties to hit the market in the complex are units 304 Prospect Falls Court and 129 Tristant Drive.
Pricing on these spectacular Telluride properties starts at $1,178,595 for 4 bedroom three level units and goes up to $2,170,575 for the larger 4 bedroom units with a 1,000+ sq ft 4th level.
I also have 1 property in Phase 1 of the Tristant complex available as a re-sale. It is a 3 bedroom, 2.5 bathroom, three level property with tremendous unobstructed mountain views, 35ft stone fireplace and most desierable floor plan that is being offered fully furnished at $1,350,000 – CLICK FOR LINK TO THAT PROPERTY
Contact Broker Adam Black, of Telluride Properties to assist in your search for the perfect Telluride home. – 970.729.0568 / ABtelluride@gmail.com / Click here to search the Telluride MLS on your own