Active
1,500,000 Lot Size34.44 Acres
tbd Last Dollar Rd, Telluride, CO 81435
Est: $20,988/moGet pre-approved
LandProperty Type
34.44 acresLot Size
$900/moHOA Fees

Description

This breathtaking 35-acre parcel, located in the Gray Head subdivision, offers a unique opportunity to own a retreat in one of the most sought-after settings of Colorado. Situated just 9.5 miles from historic Telluride, its renowned ski resort and stunning alpine community, the property boasts breathtaking views of the San Juan Mountains, range from the ski area's Palmyra Peak to the famous Wilson massif and beyond. Aspen groves, ancient Gambel Oaks, and Willow Creek's meandering presence create...This breathtaking 35-acre parcel, located in the Gray Head subdivision, offers a unique opportunity to own a retreat in one of the most sought-after settings of Colorado. Situated just 9.5 miles from historic Telluride, its renowned ski resort and stunning alpine community, the property boasts breathtaking views of the San Juan Mountains, range from the ski area's Palmyra Peak to the famous Wilson massif and beyond. Aspen groves, ancient Gambel Oaks, and Willow Creek's meandering presence create a classic Western landscape. With its natural beauty, starry skies, and miles of private trails, the secluded setting of Gray Head offers a breath of fresh air and quiet solitude.

Conceptual land development and home designs by renowned architect Tommy Hein.

Listing Agents

  1. Erik Fallenius

    Erik Fallenius

    Listing Agent

    Compass

    P: (970) 708-1954

  2. Ian Fallenius

    Ian Fallenius

    Alternative Listing Agent

    Compass

    P: (970) 708-3955

234 days on Market
Last updated: 01/23/2026 04:35 PM • Source: Telluride Association of REALTORS, MLS#: 44175

Location

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$20,988 per month

30 year fixed, 6.55% Interest

Principal and Interest

$19,061

Property Taxes

$1,027

HOA Dues

$900

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Property Information for Tbd Last Dollar Road

Property Details
  • Taxes: $12,321 / year
  • MLS Type: Land / 35 Acres and Below
  • Subdivision Name: Gray Head
  • Zoning: Residential
  • View 1: Wilson Massif
Building Information
  • Lot Size: 34.44 AC
Summary
Location and General Information
  • Longitude: -107.93894
  • Latitude: 37.975859
  • Directions: Leave Telluride and drive west; turn right to the Airport/Last Dollar Road at mile 2.8. Continue on Last Dollar Rd just before the Telluride airport and follow it until you pass Hawn Lane (mile 9.5M from Telluride). The property will be located on your left.
  • MLS Area Major: Deep Creek Mesa - 32 (Major Area 30)
  • MLS Area Minor: Deep Creek Mesa - 32 (Major Area 30)
Taxes and HOA
  • Tax Annual Amount: $12,321.00
  • Association Name: Gray Head HOA www.grayheadpoa.com/
  • Parcel Number: R1030099033
  • Tax Year: 2024
  • HOA Dues: $900.00
Property
Lot Information
  • Lot Size Square Feet: 1500000.0
  • Lot Size Acres: 35.0
  • Lot Size Dimensions: irregular
  • Lot Size Area: 35.0
  • Lot Size Units: Acres
  • Lot #: 4
  • Surface Water: Stream
  • Approx Acres: 35.1 to 70
  • Trees: Aspen
  • Access Road: County
  • Access: County, Gravel
  • Surface Water: Streams
Property and Assessments
  • Property Type: Land
  • Property Sub Type: 35 Acres and Below
  • Density: 1
  • Documents on File: Aerial Photos, Survey
Farm Information
  • Farm Equipment: No
  • Crops: No
Financial Information
  • Financing Terms: cash
  • Financing Owner: MAGIC MOUNTAIN LLC A CO LLC
  • RETT: 2% Gray Head RETA
  • Payment Period: Month
  • Possession: upon delivery of dee
  • Paid Period: Month
Utilities
  • Water Source: 3 - 4 GPM or Shares
  • Phone Lines: Regular Phone
  • HAS Irrigation: No
  • Water Supply: Well In
  • Electricity: To Lot Line
  • Sanitation: Need Septic
  • Sewer: Septic Required
Interior and Exterior Features
Exterior Features
  • Association Amenities: Clubhouse, Tennis Court

Property History for Tbd Last Dollar Road

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Listed (Active)

Telluride Association of REALTORS #44175

$3,750,000
Oct 10, 2025

Expired

Telluride Association of REALTORS #41948

$3,800,000
Aug 5, 2024

Sold

Telluride Association of REALTORS #41729

$2,750,000
DateEvent & SourcePrice
01/12/2026

Listed (Active)

Telluride Association of REALTORS #44175

$3,750,000
10/10/2025

Expired

Telluride Association of REALTORS #41948

$3,800,000
08/05/2024

Sold

Telluride Association of REALTORS #41729

$2,750,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near Tbd Last Dollar Road

This home is within Telluride R-1 School District.
Rating
School
Type
Grades
Distance
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
Telluride Intermediate School
Public3 to 6

Telluride Middle School
Public7 to 8

Telluride High School
Public9 to 12

Telluride Elementary School
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Tbd Last Dollar Road is a 34.44 ac of land for sale in Telluride, CO 81435. This property was listed for sale on January 12, 2026 by Compass, it's currently listed at $3,750,000. It has been on the market for a total of 234 days and was last sold on August 5, 2024. This listing's school district is Telluride R-1 School District. Nearby schools include Telluride Intermediate School, Telluride Middle School and Telluride High School. Tbd Last Dollar Road is a 0-bed, 0-bath 34.44 ac of land on a 1,500,000 sq. ft. / 34.44 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.