$17,500,000
SOLD DEC 31, 2024

127 Palmyra Dr Unit 202 Telluride, CO 81435

6 Beds
8 Baths
9,897 Sq Ft
1.51 Acres

Recently Sold

$1,768 Per Sq Ft

2% Below List Price

37 Days on Market

Highlights

  • Ski Accessible
  • Steam Room
  • Spa
  • Telluride Intermediate School Rated A-
  • Wine Room
  • 1.51 Acre Lot

About This Home

As of December 2024

The residence at 127 Palmyra Drive is among the finest estates built within this storied resort community. Perfectly positioned slope side on one of Mountain Village's premier ski-in/ski-out estate lots with over 425 feet of trailside ski access. Designed with a sophisticated & enduring style, this timeless home offers warm & generous spaces for relaxation, recreation and the gathering of family and friends. With a rare 1.51-acre parcel, this non-subdividable duplex lot is zoned to potentially accommodate the construction of a separate second residence/family compound. The hilltop setting offers the highly sought-after elements of on-grade ski access, all-day sunshine and breathtaking views of the surrounding peaks & ski trails. The home features thoughtfully apportioned rooms & suites set amidst an open floor plan, perfectly suited to mountain living. Warm and inviting indoor spaces open seamlessly to covered decks, a stone terrace, hot tub and balconies wrapped by a towering glade of mature Aspen trees. A grand wood-burning fireplace graciously punctuates a great room & dining area that includes a 300 bottle temperature controlled glass wine storage overlooking the bridges ski run that provides ultimate comfort and relaxation. Additionally, a fully equipped Chef's kitchen with adjacent conservatory adds to the spectacular viewing of the San Sophia Mountain range. Three distinct and private guest wings are equipped with four laundry rooms, six bathrooms and two powder rooms which all radiate from the main living area and are perfectly paired with a family/recreation room, ski room, library, gym/steam & sauna, bunk room and office tower. The home & property are in pristine condition and have been impeccably maintained by its original owners since the day of its completion and is now being offered for the first time for someone to begin their own legacy in one of Telluride's finest residential settings.

Last Agent to Sell the Property

Bill Fandel

Compass Listed on: 06/30/2024

Compass

Last Buyer's Agent

Montrose NON MEMBER

NON-MEMBER/FSBO Montrose

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,045

Year Built

  • Built in 2005

Lot Details

  • 1.51 Acre Lot
  • Open Space
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

Home Design

  • Contemporary Architecture
  • Log Cabin
  • Metal Roof
  • Log Siding
  • Stick Built Home
  • Stone

Interior Spaces

  • 9,897 Sq Ft Home
  • Wet Bar
  • Partially Furnished
  • Sound System
  • Wood Burning Stove
  • Gas Log Fireplace
  • Mud Room
  • Wine Room
  • Living Room with Fireplace
  • Den with Fireplace
  • Steam Room
  • Sauna
  • Home Gym
  • Mountain Views
  • Unfinished Basement

Kitchen

  • Double Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Deck
  • Covered patio or porch
  • Outdoor Gas Grill

Schools

  • Telluride K-6 Elementary School
  • Telluride 7-8 Middle School
  • Telluride 9-12 High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 477903306078

Community Details

Overview

  • Near a National Forest

Recreation

  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,045

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Range Top, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Double Oven, Exhaust Fan, Freezer
  • Estimated Total Acres: 1.51
  • Class: RESIDENTIAL
  • Em Deposit: 800000
  • Em Holder: Title Company
  • Exterior Inclusions: Landscaping, Patio, Deck, Gas Grill, Hot Tub, Lawn Sprinklers, Covered Porch
  • Interior Inclusions: Sound System, Wet Bar, Guest Quarters, Jetted Tub, Pantry, Security System, Walk In Closet, Sauna, Steam Room, Garage Door Opener, Fire Sprinklers, Fitness Room, Mud Room, Wine Room
  • Legal Lot Block: LOT 245 TELLURIDE MT VILLAGE FILING 6 PHASE 2 CONT 1.515 AC
  • Lot Size Acreage: 1-1.99
  • Parcel Id Number: 477903306078
  • Price Per Sq Ft: 1768.21
  • Property Description: Cul-de-sac, Adj to Open Space, Borders National Forest, Ski In/Ski Out, Skier Access
  • Real Estate Included: Yes
  • Realist Id: 477903306078
  • Residence Stories: 3 Story+
  • Residence Style: Log, Contemporary
  • Sale/Rent: For Sale
  • Siding: Log
  • Sold Price Sq Ft: 1768.21
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Drive
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Internet Provider: Spectrum/Charter
  • Internet Service: Yes
  • Total Taxes Dollar: 32,044.82
  • Year Built: 2005
  • Foreign Owned Y N: No
  • Prop Description Remarks: The residence at 127 Palmyra Drive is among the finest estates built within this storied resort community. Perfectly positioned slope side on one of Mountain Village's premier ski-in/ski-out estate lots with over 425 feet of trailside ski access. Designed with a sophisticated & enduring style, this timeless home offers warm & generous spaces for relaxation, recreation and the gathering of family and friends. With a rare 1.51-acre parcel, this non-subdividable duplex lot is zoned to potentially accommodate the construction of a separate second residence/family compound. The hilltop setting offers the highly sought-after elements of on-grade ski access, all-day sunshine and breathtaking views of the surrounding peaks & ski trails. The home features thoughtfully apportioned rooms & suites set amidst an open floor plan, perfectly suited to mountain living. Warm and inviting indoor spaces open seamlessly to covered decks, a stone terrace, hot tub and balconies wrapped by a towering glade of mature Aspen trees. A grand wood-burning fireplace graciously punctuates a great room & dining area that includes a 300 bottle temperature controlled glass wine storage overlooking the bridges ski run that provides ultimate comfort and relaxation. Additionally, a fully equipped Chef's kitchen with adjacent conservatory adds to the spectacular viewing of the San Sophia Mountain range. Three distinct and private guest wings are equipped with four laundry rooms, six bathrooms and two powder rooms which all radiate from the main living area and are perfectly paired with a family/recreation room, ski room, library, gym/steam & sauna, bunk room and office tower. The home & property are in pristine condition and have been impeccably maintained by its original owners since the day of its completion and is now being offered for the first time for someone to begin their own legacy in one of Telluride's finest residential settings.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2968

Interior Features

  • Bedrooms: 6
  • Flooring: Carpet-Partial, Hardwood
  • Estimated Total Sq Ft: 9897
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Fireplace Location Type: Gas Logs, Living Room, Den/Family Room, Woodstove
  • Foundation: Basement-unfinished
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame, Log, Stone
  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Natural Gas, Cable TV, Phone - Landline
  • Cooling: Forced Air, Central A/C
  • Electric Supplier: San Miguel Power Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Floor Radiant, Forced Air, Fireplace
  • Sewer Supplier: Mountain Village Metro District
  • Water Supplier: Mountain Village Metro District

Schools

  • Elementary School: Telluride K-6
  • Middle School: Telluride 7-8
  • High School: Telluride 9-12
  • High School: Telluride 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Partially Furnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Telluride K-6
  • Middle School: Telluride 7-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Oct 1, 2024
Sold by
Richard R Castellano Colorado Revocable and Vivian D Castellano Colorado Revocable T
Bought by
Mcaden Tommy and Mcaden Lisa
Seller's Agent
Bill Fandel
Compass Colorado - Telluride
Buyer's Agent
Joshua Rapaport
Rapaport Real Estate
List Price
$17,900,000
Sold Price
$17,500,000
Premium/Discount to List
-$400,000
-2.23%
Total Days on Market
37
Views
81
Current Estimated Value
$10,780,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,719,800
Avg. Annual Appreciation
-51.12%

Purchase Details

Listed on
May 8, 2024
Closed on
Sep 20, 2024
Sold by
Vivian D Castellano Colorado Revocable T and Castellano Richar R
Bought by
Mcaden Tommy and Mcaden Lisa
Seller's Agent
Bill Fandel
Compass Colorado - Telluride
Buyer's Agent
Joshua Rapaport
Rapaport Real Estate
List Price
$17,900,000
Sold Price
$17,500,000
Premium/Discount to List
-$400,000
-2.23%
Views
81

Purchase Details

Closed on
Feb 6, 2004
Sold by
Castellano Richard and Castellano Vivian
Bought by
Castellano Richard R Rev Tr Ca

Purchase Details

Closed on
Mar 12, 1997
Sold by
Snelgrooes Richard & Lisa Tr
Bought by
Castellano Richard and Castellano Vivian

Purchase Details

Closed on
Oct 13, 1989
Sold by
American Trust Of Ha
Bought by
Snelgrooes R R and Snelgrooes L

Purchase Details

Closed on
Sep 2, 1986
Sold by
Telluride Company
Bought by
American Trust Co*
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Contract Of Sale -- --
Warranty Deed $17,500,000 Land Title Guarantee Company
Deed -- --
Deed $600,000 --
Deed $260,000 --
Deed $185,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $205,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Sold $17,500,000 -2.2% $1,768 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
06/30/2024 06/30/24 For Sale $17,900,000 -- $1,809 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $33,529 $552,590 $134,840 $417,750
2023 $32,045 $557,960 $136,150 $421,810
2022 $29,016 $545,900 $136,150 $409,750
2021 $29,894 $558,200 $125,130 $433,070
2020 $27,814 $526,360 $125,130 $401,230
2019 $27,633 $526,360 $125,130 $401,230
2018 $24,584 $478,730 $0 $0
2017 $22,465 $478,730 $126,000 $352,730
2016 $26,348 $492,510 $127,360 $365,150
2015 $26,348 $471,300 $127,360 $343,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 815443

Colorado Real Estate Network (CREN)

APN: 108-0020245