NOT LISTED FOR SALE

8121 Preserve Dr Telluride, CO 81435

Estimated Value: $7,321,000 - $16,974,218

13 Beds
11 Baths
18,241 Sq Ft
$612/Sq Ft Est. Value

Last Sold November 08, 2023

Last sale price $17,500,000 $959 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $62,236/month

238 Days on Market

Highlights

  • Guest House
  • Barn
  • Spa
  • Telluride Intermediate School Rated A-
  • Horses Allowed On Property
  • Sauna

About This Home

As of November 2023

Enjoy the feel and privacy of a ranch on the mesa but without the drive time. 8121 Preserve Drive strikes the perfect balance between privacy and accessibility on 28 wooded acres located just ten minutes from all that Telluride has to offer. The main residence features two attached but separate guest wings for family and friends, while also providing for just two people to live comfortably with an expansive primary suite conveniently situated over the main living area. Wide-plank Douglas Fir flooring with dovetail accents and a massive wood-burning fireplace provide a warm tone throughout the space for enjoying the ambiance and incredible views of Mount Wilson and Sunshine Peak. The property includes two stand-alone guest cottages on property as well as deeded underground parking & storage in the heart of Mountain Village for convenient access to world-class skiing, the gondola and restaurants.

Last Agent to Sell the Property

Alex Martin

Telluride Properties LLC Listed on: 02/06/2023

Last Buyer's Agent

Bill Fandel

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,797

Year Built

  • Built in 1994

Lot Details

  • 28.03 Acre Lot
  • Wooded Lot

HOA Fees

  • $149 Monthly HOA Fees

Home Design

  • A-Frame Home
  • Metal Roof
  • Wood Siding
  • Stone Siding
  • Stick Built Home

Interior Spaces

  • 18,241 Sq Ft Home
  • Furnished
  • Gas Log Fireplace
  • Window Treatments
  • Den with Fireplace
  • Sauna
  • Mountain Views
  • Finished Basement

Flooring

  • Wood
  • Carpet
  • Radiant Floor

Bedrooms and Bathrooms

  • 13 Bedrooms
  • Fireplace in Bedroom
  • Primary Bedroom Upstairs

Parking

  • 5 Car Garage
  • Heated Garage

Outdoor Features

  • Spa
  • Shed

Schools

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

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Corral

Utilities

  • Boiler Heating System
  • Well
  • Septic Tank
  • Internet Available

Additional Features

  • Guest House
  • Barn

Community Details

  • The Preserve HOA
  • Preserve, The Subdivision
  • Near a National Forest

Listing and Financial Details

  • Assessor Parcel Number 477918107012

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,797

Year Built

Built in 1994

Lot Details

0

HOA Fees

$149 per month

Listing Details

  • Estimated Total Acres: 28.03
  • Class: RESIDENTIAL
  • Em Deposit: 500000
  • Em Holder: Title Insurer
  • Horse Setup: Yes
  • Interior Inclusions: Window Coverings, Hot Tub, Sauna, Heated Garage
  • Legal Lot Block: LOT 12 THE PRESERVE PHASE 2 ACC TO PLAT BK 1 PG 1059 AND 60 7 20 94 AND ACC TO LOT LINE ADJUST PLAT BK 1 PG 1674 4 13 94 CONT 17.134 ACRES LOT 11 THE PRESERVE PHASE 2 ACC TO PLAT BK 1 PG 1059 AND 60 7 20 90 AND ACC TO LOT LINE ADJUST PLAT BK 1 PG 1674 4 13 94 CONT 10.899 ACRES PARKING UNIT P10 HERITAGE CROSSING AT THE GONDOLA CONDOS ACC TO DECS REC 3 26 02 AT 347962 AND MAP REC PLAT BK 1 PG 2996 AS AMENDED OR SUPPLEMENTED STORAGE UNIT S5 HERITAGE CROSSING AT THE GONDOLA CONDOMINIUMS ACC (Partial)
  • Livestock Allowed: Horses
  • Lot Size Acreage: 20-35
  • Parcel Id Number: 477918107012
  • Price Per Sq Ft: 959.38
  • Property Description: Wooded Lot, Borders National Forest
  • Real Estate Included: Yes
  • Realist Id: 477918107012
  • Residence Style: A Frame
  • Sale/Rent: For Sale
  • Siding: Wood, Stone
  • Sold Price Sq Ft: 959.38
  • Street Descriptionaccess: Private, Gravel
  • Zoning: Residential Single Family
  • Type: Stick Built
  • HOA Fees: Yes
  • Internet Provider: Brainstorm
  • Internet Service: Yes
  • Total Taxes Dollar: 34,797.48
  • Year Built: 1994
  • Foreign Owned Y N: No
  • Prop Description Remarks: Enjoy the feel and privacy of a ranch on the mesa but without the drive time. 8121 Preserve Drive strikes the perfect balance between privacy and accessibility on 28 wooded acres located just ten minutes from all that Telluride has to offer. The main residence features two attached but separate guest wings for family and friends, while also providing for just two people to live comfortably with an expansive primary suite conveniently situated over the main living area. Wide-plank Douglas Fir flooring with dovetail accents and a massive wood-burning fireplace provide a warm tone throughout the space for enjoying the ambiance and incredible views of Mount Wilson and Sunshine Peak. The property includes two stand-alone guest cottages on property as well as deeded underground parking & storage in the heart of Mountain Village for convenient access to world-class skiing, the gondola and restaurants.
  • Subdv Name: Preserve, The
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 13
  • Flooring: Carpet-Partial, Hardwood
  • Estimated Total Sq Ft: 18241
  • Full Bathrooms: 9
  • Half Bathrooms: 0
  • Bathrooms Quarter: 2
  • Bathrooms Three Quarters: 0
  • Fireplace Location Type: Bedroom, Den/Family Room, Gas Logs
  • Foundation: Basement-finished
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Exterior Structures: Shed, Barn, Corral, Garage, Guest House
  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 5

Utilities

  • Utilities: Electric, Natural Gas
  • Electric Supplier: San Miguel Power Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Boiler, Fireplace, Floor Radiant
  • Sewer Supplier: Septic
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 37616-F

Condo/Co-op/Association

  • HOA: Yes
  • Hoametro Fees: 447.19
  • HOA Metro Fees Frequency: Quarterly
  • Hoa Name: The Preserve

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: Furnished

Tax Info

  • Tax Year: 2021

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Nov 8, 2023
Sold by
8121 Preserve Llc
Bought by
Farm House Trust
Seller's Agent
Alex Martin
Telluride Properties LLC
Buyer's Agent
Bill Fandel
Compass
List Price
$18,000,000
Sold Price
$17,500,000
Premium/Discount to List
-$500,000
-2.78%
Total Days on Market
238
Views
344
Current Estimated Value
$11,164,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,335,261
Avg. Annual Appreciation
-24.62%

Purchase Details

Listed on
Aug 29, 2018
Closed on
Oct 3, 2018
Sold by
Dn The Mark Llc
Bought by
8121 Preserve Llc
Seller's Agent
Stephen Cieciuch
Telluride Properties
Buyer's Agent
KENNETH GRODBERG
PEAKS REAL ESTATE, SOTHEBY'S INT'L.
Sold Price
$7,437,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.27%

Purchase Details

Listed on
Aug 29, 2018
Closed on
Oct 2, 2018
Sold by
On The Mark Llc
Bought by
8121 Preserve Llc
Seller's Agent
Stephen Cieciuch
Telluride Properties
Buyer's Agent
KENNETH GRODBERG
PEAKS REAL ESTATE, SOTHEBY'S INT'L.
Sold Price
$7,437,500

Purchase Details

Closed on
Jul 3, 2007
Sold by
Rights Water and Martin Thoams B
Bought by
The Mark Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,050,000
Interest Rate
8.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 7, 2000
Sold by
Glazer Erika J
Bought by
Martin Thomas B and Martin Mary K

Purchase Details

Closed on
Jul 29, 1994
Sold by
Mesa-Z Inc
Bought by
Glazer Erika J

Purchase Details

Closed on
Nov 8, 1991
Sold by
Mesa-Z Inc
Bought by
Glazer Erika J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farm House Trust -- None Listed On Document
Farm House Trust $17,426,500 Land Title Guarantee Company
8121 Preserve Llc $7,397,500 Land Title Guarantnee Co
8121 Preserve Llc -- Land Title Guarantee
The Mark Llc -- None Available
Martin Thomas B $7,550,000 --
Glazer Erika J -- --
Glazer Erika J $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Mark Llc $8,050,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2023 11/08/23 Sold $17,500,000 0.0% $959 / Sq Ft
11/08/2023 11/08/23 Sold $17,500,000 -2.8% $959 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
10/02/2023 10/02/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $18,000,000 0.0% $987 / Sq Ft
01/16/2023 01/16/23 For Sale $18,000,000 +142.0% $987 / Sq Ft
10/05/2018 10/05/18 Sold $7,437,500 -- $394 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
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 $34,020 $731,040 $88,440 $642,600
2023 $31,890 $738,130 $89,300 $648,830
2022 $30,900 $771,050 $89,300 $681,750
2021 $31,510 $818,220 $97,240 $720,980
2020 $20,154 $574,200 $85,090 $489,110
2019 $21,545 $574,200 $85,090 $489,110
2018 $25,214 $699,850 $0 $0
2017 $21,938 $699,850 $108,000 $591,850
2016 $26,367 $829,190 $119,400 $709,790
2015 $25,513 $910,810 $119,400 $791,410
2014 $19,958 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 800868

Colorado Real Estate Network (CREN)

APN: 104-0094076