PEAKS REAL ESTATE NEWSLETTER | |
| IN THIS ISSUE Telluride Loses another Landmark |  |
Telluride Loses another Landmark
The newest addition to the Telluride Ski Resort has a French accent. The ski area just installed 126 feet of stairs and bridge designed to give skiers unprecedented access across the gulf between Gold Hill Chutes 8 & 9. The access to the Gold Hill Chutes was improved this summer when they blasted a road up above the revelation lift which gives snowcats the opportunity to groom a trail all the way across the ridge. Dave Reilly and the ski company are really opening some extraordinary terrain. I hope you get a chance to experience it this season.
Phish Coming to Town Park
Market Update
Not out of the Woods, But Gaining Momentum
It appears things might start turning around in the national real estate world. Altos Research reported on December 28, 2009 that "Inventory in the resale market continues its steady decline after peaking in the fall of 2008, and while new sellers entering the market are pricing at consistently lower levels, indicating general market weakness, the percentage of sellers with price reductions is also falling, indicating that sellers who have been on the market are feeling more confident of receiving their ask price." Read More >>
Featured Properties
Village Founders Retreat – 121 Yellow Brick Road
Selected from all the lots available to the founding partners of the Mountain Village, this exceptional 4+acre estate is a truly remarkable assemblage of location, setting, history and quality of improvements. Surrounded by Open Space and ski runs, the residence is accessed from a private drive that opens in to the home’s park-like grounds. Two acres of manicured grounds are threaded by the rushing waters of Prospect Creek which feed a large reflective pond in the center of the property.
A rambling one-story residence, built by renowned builder Fortenberry Construction, was designed specifically for family and entertaining, and has hosted many of the regions most notable guests and events over the years.
The site would readily accommodate a separate Guest House, or an expansion of the existing 6,500 ft residence. Despite its incredible privacy, once can walk to the Village Core, Gondola and restaurants with ease, while seamless ski access is possible from groomed ski runs off of BOTH Chair 4 and Chair 10.
For those looking for the rarest and very best, this property is a must see.
Price and details available upon request.
Phone: 970-708-0667
Email - burchmore@telluridefineproperties.com
Bear Creek Lofts – finest two bedroom in Town of Telluride
Competitive in price and exceptional in the details.
Two heated parking spaces, private patio with outstanding views of Coronet Creek and very livable.
Original List $1,450,000
Now offered at $1,190,000
Big Valley Ranch
For those of you who have thought of the large acreage and a mountain ranch destination for your family, the Big Valley Ranch has sweeping views, privacy and easy access to Telluride.
Tract IV of the Big Valley Ranch consists of 223 Acres of rolling meadows and dramatic views of the Wilson Range to the South and the edge of the Sneffels Range to the East. Only a short 30 minute drive to town.
Price Recently Reduced to $1,495,000
Calendar of Events
March 201018 Shawn Colvin
18 An Introduction to wine tasting
19 The Singing Chef
20 Governors Arts award celebration
25 Invictus
26 The Infamous Stringdusters
27 The Vienna Boys Choir
27 Mike Dillon's Gogo Jungle
31 The Melodians
April 2010
1 Telluride Art Walk4 Ski Resort Closing Day
5 Gondola closes temporarily for Off-Season
25 Sunday at The Palm
30 The Met Live in HD
We have been selling units since December 21st and of the 50 units available at the Founder’s Member discounts and benefits, we have sold about 70% of these early offerings. Founders Members will not only have purchased their units at a price level that is so attractive in today’s market, but immediately after the 50th unit the prices will increase 15%. The property is running well and will go through a significant renovation in the spring of all the studios and suites. For more information please visit the website at 
The big news of the month, year and this newsletter is by all means, the sale of the Peaks Resort and Spa.! The excitement and expectations leading up to the announcement have been met with confirmation that Telluride’s Landmark Hotel will be owned by local investors, managed by a wonderful, professional hotel management group and new units are for sale at the most attractive prices!
The hotel is located on the largest and most exclusive site in the region.
Food and beverage services include large banquet venues, a new signature restaurant, a new casual bistro and of course room service. Many other dining venues are located in the central core of Mountain Village just across the street from the hotel. 
