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721 E Columbia, Telluride, CO, 81435

4beds
5baths
4,427sqft
$9,980,000
$2,254price/sqft
$58,339/moest. monthly cost
$2,333,560/yrincome needed

About This Home

New compelling price. Unmatched panoramic views of Bear Creek Canyon and the San Juan peaks define this iconic Telluride residence. Not historically designated, allowing for easier updates. The contemporary home features floor-to-ceiling windows and two expansive south-facing decks capturing breathtaking mountain vistas. Offering 4 bedrooms, 4.5 baths, and 4,427 sq ft across three levels, the layout flows seamlessly. Entry on quiet E. Pandora Ave; heated 2-car garage and 3 additional off-street spaces via Columbia Ave. Spa deck, loft, wet bar, steam shower, and partial furnishings. Close to Gondola and downtown. Telluride Ski & Golf Silver Membership available.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

--
8/10
Telluride Middle SchoolGrades 7-80.9 mi
9/10
Telluride High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1992

Materials

  • Foundation: Concrete Perimeter
  • Roof: Metal
  • Construction materials: Stone

Type & Style

  • Home type: SingleFamily
  • Property subType: Stick Built

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Dining Room

  • Features: Kitchen/Dining

Features

  • Flooring: Hardwood
  • Fireplace features: Living Room
  • Fireplace: Yes

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 4,427
  • Total interior livable area: 4,427 sqft

Master Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 456731305099

Lot

  • Lot size: 5,227 sqft

Parking

  • Total spaces: 2
  • Parking features: Attached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Avalanche
    AvalancheModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
Winter Weather
Avalanche

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $50,464$605,568
Home Insurance *$5,296$63,552
Property Taxes $2,245$26,940
Electricity $334$4,010
Total$58,339$700,068
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,000,194/yr
40% on housing$1,750,170/yr
45% on housing$1,555,706/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 15.3%
15.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,254This listing

vs Other Active Listings

Avg $/sqft

ZIP 81435$1,929
San Miguel County$1,429

vs Homes Sold Last Month

Median $/sqft

ZIP 81435
San Miguel County$345

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-21Price change$9,980,000
2025-11-01Listed for sale$11,200,000
2012-05-31Sold$2,300,000

For Sale by Agent

AgentAnne-Britt Ostlund
BrokerageMountain Rose Realty LLC

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