501 W Colorado Ave

Few properties in the historic Town of Telluride boast a lot composed of three contiguous parcels, and 501 East Colorado Avenue is one of them, gathered into a single 9,375-square-foot corner lot directly across from Town Park in the coveted east end. Stand anywhere on the grounds and the San Juans close in around you: Bear Creek and Ingram Falls to the west, the San Miguel River threading below, and the Telluride Ski Resort rising at the head of the canyon.

At the center of it all, a timeless Modern Victorian sits shaded by aspens – nearly 5,000 square feet, five bedrooms, four and a half baths, its formality softened by ample sunlight. Windows catch the mountains from nearly every room, and several bedrooms open onto private ensuite balconies, each framing its own ever-changing view. A fireplace warms the house on its coldest nights; outside, an eight-person hot tub, a built-in grill, and a fire pit turn the lawn into a living room of its own.

What distinguishes this offering is what comes with it: room to grow. The residence sits on two lots, with the third standing ready for a second home or guest quarters, giving the next owner a path to a true family compound. Conceptual drawings for expansion on the property's east lot, drawn by Telluride architect Peter Sante, make this dream an easy reality.

Town Park is steps away, with festivals and activities that run all year long. This is one of the last legacy properties the east end has left to offer – a holding of this scale, in this location, seldom hits the market.