398 W Colorado Avenue, Telluride, CO 81435 (MLS# 39650)

$28,000,000
398 W Colorado Avenue
Telluride, CO 81435
MLS# 39650
Status: Closed
4 beds
 | 
This much space and luxury in downtown Telluride simply will not come again.
  1 / 60  
This much space and luxury in downtown Telluride simply will not come again. Marked by soaring double height ceilings, a series of modern globe chandeliers, and a custom-designed textural limestone stairwell. Beautiful glass elevator on the entry level allows one to ride to the penthouses level in style A custom glass elevator to access any floor in the house. Stairwell leads up to this beautiful entry mudroom. No stone is left unturned in the impeccable design of this mountain modern treasure. Every detail of the has been curated to exceed your wildest dreams and most demanding whims. Stunning and highly livable entertaining area boasts tremendous views of Main Street, the ski resort and the majestic San Juans through sound-proof windows with electric shades that stretch across the entire northern and western walls. Live a life of exclusive luxury, elevated above Main Street. More than enough room to store all of wine in style with a glass cooler across from the living room bar. As the culmination of the region’s foremost talent—with architecture by renowned Narcis Tudor Architects, interior design by award-winning Zinque Design, lighting consultation by LS Lighting, and meticulous build-out by Cobra Construction—this one-of-a-kind mountain modern sanctuary is richly appointed and maximized for living well. Wet bar, shuffleboard, fireplace, full-wall wine fridge, skylights and full-length windows. This modern masterpiece comes fully furnished and completely turnkey. This is your one chance to live Telluride as it should be lived: in unrivaled style and convenience at the heart of authentic Telluride. Exquisite living room opens up to the spacious rooftop deck. Once in a lifetime. Imagine watching sunset with this view of Ajax Peak. The living room connects to the glamorous kitchen and dining area through a short staircase illuminated by skylights. Built-in Subzero refrigeration, Blue Star custom all-gas range, Zinque exhaust hood, Miele dishwashers and steam ovens, as well as floating glass storage, ample custom cabinetry, and a sizable walk-in pantry take this culinary space to the next level. Exotic-grade Crystallo quartzite makes a statement on the backsplash, countertops and bar. This top-of-the-line gourmet kitchen is fit for a chef and surrounded by generous floor-to-ceiling windows that draw the outside in. Living room looks out over an impressive private porch above Telluride's iconic Main Street. Feast in style at the custom white oak dining table with gorgeous brass inlay, illuminated by a striking John Pomp chandelier. No expense has been spared in the creation of this custom kitchen, built to live like a fine-dining experience. Featuring the highest quality finishes, fixtures, smart features, and specialty furnishings, not a single detail is left unturned. The dining room features a lavish booth seating area. Retractable glass doors extend the party outside with ease, revealing a wrap-around deck with breathtaking ski resort and San Juan mountain views. Gaze in awe at the ski resort, just steps away from this highly curated rooftop patio. For the ultimate relaxation, nothing compares to the handsome and generous master suite. Featuring high ceilings, custom chandelier and views of the ski resort, this is a stellar and private luxury oasis. The master bedroom is exquisitely furnished and finished to create a cozy and comfortable environment. The master is anchored by a floor-to-ceiling custom Ortal fireplace and sitting area. A tranquil spa-like retreat awaits you in the master bath, adorned with a massive marble-clad shower and vanities. Large steam shower features two doors and multiple shower heads. Easy access to your private, 427-square-foot master deck with Marquis hot tub. Private and intimate with tremendous ski resort views. The master enjoys a huge walk-in dressing area and closet. It features Ralph Lauren leather drum pendants, built-in laundry, and clever storage solutions. This home is the epitome of luxury. The centrally located media room offers a perfect hangout area in the middle of the penthouse. Guest bedroom with king bed and the most elegant features & fixtures. The incredible luxury of every bedroom is on full display. Guest bedroom boasts only the most luxurious conveniences. With a double vanity, the 2nd guest room allows plenty of room for everyone. Guest bedroom designed to host in style. The perfect bathroom for the 3rd guest room. Outdoor seating areas enjoy large entertaining spaces and breathtaking views of Telluride's most impressive features. 2,751 square feet of private patios boast 360 degree views of Main Street, the mountains and ski resort by day, and the enormity of Telluride’s untainted twinkling sky above by night. Dusk at the lounge area offers quiet solitude after a busy day of hiking. Take in Main Street from above while still enjoying unprecedented privacy and spacious entertaining from your very own slice of paradise. Even the famous Last Dollar Saloon and historic Sheridan's rooftop bars can't compete with this. This is one of the best "offices" in the region with pool, media area, spa and wet bar. The office media area and wet bar is the perfect after hours hangout Bunks in the office add an additional sleeping room for tired guests to catch some shut eye. Another view of the 70" flat screen ready for fall football or movie night. The home spa includes sauna, cold tub and steam shower to relax and recover after a long day of hiking. The quintessential spa for apres ski or day of hiking. There will never be another residential home of this size and caliber located this close to the Gondola, ski lifts and Main St. shops and restaurants. The Pederson Building Penthouse is the grey building to the right. This large ski room & laundry is the perfect place to end a powder day. Lower level mudroom for those entering from the garage level. The oxygen concentration system that supplies oxygen to all four bedrooms. Large three car tandem garage offers ton of additional space for all of your toys. An aerial view of the Pedersen Building with Chair 8 and the gondola a 200 yard walk away. Aerial view of incredible outdoor living areas of The Pedersen Building

Property Description
With almost 11,000 SF of living, the Pedersen Building stands alone. There will never be another residence of this size and caliber located this close to the Gondola, ski lifts and Main St. This luxurious 7,187 SF 4 bed, 4 bath penthouse sits atop the iconic and reimagined Pederson Building. This penthouse is a masterful work of art with every designer luxury imaginable. On the lower level, the 1,116 SF sports, spa & leisure office retreat makes the total living space over 8,300 SF, combined with 2,478 SF of balcony to create over 11,000 SF of livable space. Every detail has been curated to exceed your wildest dreams with huge rooftop decks, soundproof windows, and oxygen in every bedroom. Fully furnished and completely turnkey, experience the unparalleled lifestyle above it all.

Details
Documents
Listing & Location Info
Major Area: 10
Lot #: 1A
Historical Qualifctn: No
Keywords Info
Flex Room: 1
Age: 1 - 3 Years
Deed Restrict: None
Bedrooms: 4
Full Baths: 5
Half Baths: 2
General Info
Land SqFt: 5875
Nbr of Acres: 0.13
Irrigation Y/N: No
Zoning: Residential/Commercial
Legal: LOT 1A BLK 2 WEST TELLURIDE ACC TO REPLAT OF LOTS 2A 2C BLK 2 TOT AND LOTS 21 22 BLK 2 WT PLAT BK 1 PG 1309 6 2 92 AND
Est Finished SqFt: 8303
Source SqFt: Assessor
Garage SqFt: 903.8
Deck SqFt: 2478
Year Remodeled: 2020
Directions: The first Main Street commercial building on the southeast corner of Main St. and Aspen St.
Architect: Narcis Tudor Architects, interior by Zinque Design
Builder: Cobra Construction
View 1: Ski Area, Main St
View 2: Ajax, San Sophias
Subdivision: None
Year Built: 1992
Financing Info
Taxes: 62557
Tax Year: 2020
HOA Dues: 0
RETT: 3% Telluride RETT
Assessor's Acct #: R0008730
Utility Info
Phone Lines: Regular Phone
Primary Heat: In-Floor
TV Service: Satellite
Disclosures
Flood Plain: 1
RETT: 1
Construction
Frame: 1
Poured Concrete: 1
Substructure
Finished Basement: 1
Exterior Finish
Metal/Vinyl: 1
Wood (Painted): 1
Furnished
Full: 1
Water
Public: 1
Style
Contemporary: 1
Sanitation
Sewer: 1
Covered Parking
6 Car: 1
Open Area Parking
3 Car +: 1
Special Location
Close to Gondola: 1
Main Street: 1
Near Park: 1
Skiing: Ski Access
South of Colorado: 1
Gas
Natural: 1
Electric
Power Company: 1
Heat
Forced Air: 1
Gas: 1
Radiant in Floor: 1
Access
City: 1
Fireplace
2: 1
Artificial Gas Logs: 1
Communications
Regular Phone: 1
T-1: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Gas Oven/Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Extras
Accessible Elevator Installed: 1
Air Conditioning: 1
Fire Pit: 1
Game Room: 1
Garage Door Opener: 1
Home Theater: 1
Hot Tub: 1
Humidification: 1
Patio/Deck: 1
Sauna: 1
Security System: 1
Ski Room: 1
Snow Melt System: 1
Spa: 1
Steam Shower: 1
Wet Bar: 1
Window Coverings: 1
Oxygen: 1
Listing Location Info
Current Price: $28,000,000
Sub-Type: Within Township/City Limits
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 29500000
Street #: 398
Street Direction Pfx: W
Street Name: Colorado
Street Suffix: Avenue
City/Town: Telluride
County: San Miguel County
State/Province: CO
Postal Code: 81435
Status Change Info
Status: Closed
Under Contract Date: 2021-10-30
Sold Date: 2021-12-16
Sold Price: $28,000,000
Property Features
Disclosures: Flood Plain; RETT
Furnished: Full
Style: Contemporary
Construction: Frame; Poured Concrete
Covered Parking: 6 Car
Open Area Parking: 3 Car +
Substructure: Finished Basement
Heat: Forced Air; Gas; Radiant in Floor
Fireplace: 2; Artificial Gas Logs
Water: Public
Gas: Natural
Electric: Power Company
Communications: Regular Phone; T-1
Exterior Finish: Metal/Vinyl; Wood (Painted)
Special Location: Close to Gondola; Main Street; Near Park; South of Colorado
Appliances: Dishwasher; Disposal; Dryer; Freezer; Gas Oven/Range; Microwave; Refrigerator; Washer
Extras: Accessible Elevator Installed; Air Conditioning; Fire Pit; Game Room; Garage Door Opener; Home Theater; Hot Tub; Humidification; Patio/Deck; Sauna; Security System; Ski Room; Snow Melt System; Spa; Steam Shower; Wet Bar; Window Coverings; Oxygen
IDX
Listing Office: LIV Sotheby's International Realty- MainSt
Listing Agent: Lars D Carlson

Last Updated: January - 24 - 2026

The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing.

Search powered by FBS Products