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Telluride Ski Resort Acquires Peaks Resort

Today, the Telluride Ski and Gold Company announced it has closed a deal with Peaks Capital Partners to take over the Peaks Resort and Spa. The Peaks Resort and Spa is a ski-in/ski-out, full service hotel located adjacent to the Telluride Ski & golf Club. The hotel features 177 guest rooms, a 42,000 square foot spa with 32 treatment rooms, indoor and outdoor swimming pools and 9,100 square feet of indoor and outdoor meeting space.

26589 Peaks Exterior 2 

The Ski Resort, which has been ranked #1 in the annual Conde Nast Reader’s Choice Survey the past three years, will take over hotel operations and management of the HOA. The 73,000+ square feet of commercial space within the building will include the spa and fitness center, meeting space, restaurants, commercial kitchens and banquet facilities.  Telluride Ski & golf will also assume operation of the See Forever condominium association and rental unit management program. See Forever is located next to the Peaks and consists of 2, 3 and 4 bedroom cabins and condos. This will be the second hotel deal for the resort, having purchased the Inn at Lost Creek in April of 2013. In two years of owning the property, the Inn at Lost Creek has won several awards, including the TripAdvisor Certificate of Excellence in 2014 and 2015 and the “Best Resorts in the World” award from Booking.com in 2015.

Making this deal will allow Telluride Ski & golf to elevate the overall guest experience at the Peaks, while leveraging existing resort amenities. This deal is integral to the conference facilities in Mountain Village. Along with other hotel properties in Mountain Village, the Peaks is instrumental to the success of the Telluride Conference Center, and this will allow conference center sales to book larger events with high-end accommodations.

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Details Released on Telluride’s Ajax Hotel

The details on the luxurious Ajax Hotel on 300 East Colorado Avenue in Telluride Colorado have been released.  Overall there will be 10 residences ranging in size from 1,900 to 4,200 square feet. Overall the project sits next to the 70 acres of Telluride Town Park and the San Miguel River.

Ajax Rendering 1

The hotel will encompass 50 hotel rooms, rooftop bar, Restaurant, outdoor pool and much more.

Ajax Rendering Overhead

Prices start at $2,295,000 and reservations are being taken now.  Contact Teddy for more information.

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June 2015 Real Estate Numbers in Telluride, Colorado

Overall sales in San Miguel County, Colorado dipped 41% in June 2015 as compared to 2014.  The number of transactions were only off 3%, so the dollar amount of the sales was lower, indicating that the lower end properties were selling.  To look historically over the last 6 years, June 2015 was actually higher in monthly sales volume than the average sales between June Monthly Sales through 2010 and 2013.

Year to date we are still up 1% as compared to 2014 in dollar volume and 5% in number of transactions.

Lorenz 2 living room

The hot segments for June were Mountain Village and Town of Telluride Condominium, plus houses outside the towns in San Miguel County.  These sales accounted for over 60% of the dollar volume.

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Check out the new Telluride Residential Listing at 940 East Columbia

Earlier this week, Teddy Errico of Telluride Sotheby’s International Realty listed a luxurious home located in East Telluride, Colorado. This three bedroom, two full and two half bath timber frame residence was built in 1994 by Getts Built and is in excellent condition with luxurious finishes.  With almost 2,500 square feet of living space on three levels, the home has abundant sunshine and views of Bear Creek to the south as well as the Northern mountains of Telluride.

Kitchen EveGlow LRview

Offered at $1,895,000, more details on this property can be found here

Call Teddy at 970-708-5959 for a tour!

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Telluride Colorado May Real Estate Sales Are Strong

Real Estate sales in the Telluride CO region continue to be strong with May sales of $45.3 million in San Miguel County.   Overall this is an increase of 24% as compared to 2014.  Town of Telluride Home and Condo Sales were almost equal during May with each performing at just under $6 million, while town of Telluride Commercial property sold over $7.7 million.  .  In addition there were three Mountain Village home sales that totaled over $8 million.  These 4 segments were more than half the action!

Full Living Room

Year to date we are up 11% in the number of sales as compared to 2014.  Great news as we hit the busiest time of the summer!

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Teddy Contracts Owl Meadows #7

Telluride Sotheby’s International Realty Broker Associate Teddy Errico recently contracted Unit 7 at Owl Meadows.  This three bedroom, three and one half bath townhome is the crown jewel of the complex with ski area and valley floor views, southern exposure and luxurious finishes.  This unit is in immaculate condition and has never been short term rented

OM phase II ext

The List Price was $1,150,000

JJ- OM7 Great Room with Kitchen JJ- OM7 Livig Room with View MLS 30691- OM 7Bathroom detail

The good news is that there are other Owl Meadows units for sale, starting at $935,000 for Unit 16.  In addition we are working on approvals to get started on developing the last 7 units in the complex.  For more details please visit the Owl Meadows Website

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Spruce Mountain Near Telluride

Coming soon to the Telluride Real Estate market.  Spruce Mountain.  Picturesque estate parcels from 38- 62 acres starting at $185,000.  Nice gated community, just over 30 miles to Telluride, Colorado with Sneffels and Cimarron views.  Less than 20 miles to Ridgway, Colorado.  We are working on a variety of turn key home packages starting in the upper $600’000s.

Lot 4 Spruce Mountain Spruce Mtn Reservoir

More info coming soon

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Summary of the Mountain Village Home Tour

Yesterday, the Telluride Association of Realtors held a tour of twelve properties that are for sale, and give the brokerage community an opportunity to better get to know some fine Mountain Village Homes.

There were some excellent estate homes, but my favorite is a new listing at 122 Highlands Way.  This 5 bedroom timber frame is in an exclusive neighborhood and features a ski out location, San Sophia views and a very comfortable residence.  Siting on 1.86 acres this home is being offered at $3.9 million or $577 per square foot.

122 Highlands

Other highlights from the tour is the expansive 113 Autumn Lane, which listed at $7,995,000 offer a tremendous amount of living space, but is in need of a remodel, 127 Hood Park, which offers excellent southern sun exposure, and direct trailside access at $8,300,000, and a nice small entry level home in the Boulders for $799,900.

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Telluride, Colorado’s Ajax Hotel Close to Approval

Downtown Telluride is getting closer to having a new Main Street Hotel.  The Ajax Hotel is moving through the development application process with the town of Telluride and hoping to get final approval to break ground by August with a dewatering process.

The proposed Luxury Hotel would include an infinity pool, rooftop bar, onsite Restaurant and an affiliation with Starwood.  All very nice attributes for the Downtown corridor.

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New Downtown Telluride Condo Listed For Sale

Broker Associate Teddy Errico of Telluride Sotheby’s International Realty just listed this downtown Telluride condominium at $375,000.

Lorenz 2 exterior

Completely remodeled in 2012, this one bedroom/one bath unit in the Lorenz Building offers a nice finish level, the best downtown Telluride location in the heart of it all, south facing deck and more.  Good short term rental history through Telluride Resort Lodging.

Lorenz 2 living room

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