Rocky Mountain High: This Telluride Penthouse Just Listed for $33 million

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Mountain views are just one reason you’ll want to own this $33 million Telluride duplex. (Josh Johnson)

It happens every year. Temperatures rise and the pilgrimage begins. Overheated Texans head north for Colorado’s cooler clime and mountain air.

Just in time for this year’s mass exodus, Telluride’s priciest penthouse is up for grabs: a 7,187-square foot duplex smack in the center of town. “There will never be another residence of this size and caliber located this close to the Gondola, ski lifts and Main Street shops and restaurants,” touts the LIV Sotheby’s International Realty listing. “This penthouse is a masterful work of art with every designer luxury detail imaginable.”

Priced at a cool $33 million, the home is move-in ready.

It’s being offered fully furnished with amenities like sound-proof oversized windows and custom lighting. Homeowners can also look forward to some quality sleep: oxygen is pumped into every bedroom.

The residence is being sold fully furnished. (Josh Johnson)

A spacious main living area sports an open floor plan with gas fireplace and wet bar. Retractable doors open up to the pièce de résistance: a 2,478-square-foot rooftop deck complete with spectacular mountain views.

Even more outdoor living awaits.

Just outside the chef’s kitchen and dining area, there’s a patio ideal for enjoying meals al fresco.  As expected, the primary suite is ultra-luxe—think fireplace with marble surround, separate sitting area, and dressing room with laundry facilities.

WFH-ers will especially love the lower level 1,115-square-foot office. It sports a fully-equipped fitness area, spa, sauna, ski room, and bunking area.

A stellar location is, of course, an integral part of the package.

The residence takes up the top two floors of a converted commercial space known as the Pederson Building, near Main Street and the area’s best boutiques and restaurants.

Telluride’s town center is just steps away.

According to MLS, the listing price for the four-bedroom, seven-bathroom home is more than twice as much as the next most expensive property in the popular ski town. Since the onset of the pandemic, Telluride has been a popular destination for families seeking more space and access to nature. Numbers best tell the story: a first quarter report from LIV Sotheby’s shows the average price of a single-family home shot up more than 50% in the first quarter of 2021.

Luxury sales in the area are definitely on the upswing.

Case in point: Actor Tom Cruise recently sold his 320-acre property for $39.5 million.

Listing agent Lars Carlson calls the “reimagined” building a “masterful work of art” in the listing. “Experience the unparalleled lifestyle of living a level above it all—yet just steps away from all things Telluride.”

See more photos of 398 W. Colorado Avenue, Telluride

Elaine Raffel

Elaine Raffel