Turnkey Investment Opportunity in the Heart of Telluride – $1,195,000
Investor-ready and income-producing, this beautifully remodeled 1-bedroom, 1-bath riverside condo in picturesque Telluride offers immediate returns with a long-term tenant in place under a one-year lease. Whether you're expanding your real estate portfolio or seeking a future second home, this property checks every box.
Inside, you'll find vaulted ceilings, rich hardwood flooring, a cozy gas fireplace, and a bright, open-concept layout. The updated kitchen features butcher block countertops and stylish finishes. A flexible bonus area is ideal for a home office or reading nook, and the generous 15' x 20' attic loft provides valuable storage space—perfect for seasonal gear or owner lock-off.
Step outside to soak in spectacular mountain views from your private patio, with the tranquil sound of the river just steps away. Enjoy easy access to all that Telluride has to offer—world-class skiing, hiking, dining, and cultural events—all within a scenic, walkable community.
Showings by appointment only to respect tenant privacy. This is a rare opportunity to own a fully leased, move-in-ready investment property in one of Colorado’s most sought-after markets.
For sale by owner
$1,195,000
651 W Pacific Ave #305, Telluride, CO 81435
1beds
474sqft
Est.:
Condo
Built in 1983
-- sqft lot
$-- Zestimate®
$2,521/sqft
$592/mo HOA
What's special
Spectacular mountain viewsPrivate patioAttic loftVaulted ceilingsFlexible bonus areaButcher block countertopsUpdated kitchen
What the owner loves about this home
The condo is in prime location to chair lift, gondola, walking and biking trails, shopping, dining, grocery, liquor store are all within blocks of my unit. The view from the deck are breath taking and un-obstructed.
Laundry facilities on site.
This property is perfect for high performance rental or owner get-away. Please contact owner for property updates.
- 191 days
- on Zillow |
- 362 |
- 7 |
Listed by:
(480) 227-6455
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Other, Electric, Gas
Appliances
- Included: Freezer, Range / Oven, Refrigerator
Features
- Flooring: Hardwood
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 474 sqft
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Wood
- Has spa: Yes
- Has view: Yes
- View description: Water, Mountain
- Has water view: Yes
- Water view: Water
Details
- Parcel number: 477901212023
Construction
Type & style
- Home type: Condo
Materials
- Frame
- Roof: Metal
Condition
- New construction: No
- Year built: 1983
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $592 monthly
Location
- Region: Telluride
Financial & listing details
- Price per square foot: $2,521/sqft
- Tax assessed value: $824,976
- Annual tax amount: $2,180
- Date on market: 1/30/2025
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