Active
Bear Creek Falls
Telluride CO, 81435
$14,999,995
$10.25 per sqft
Active
33.6 Acres
Land
Listed by Shane Jones with Best of Pagosa Springs 970-844-0166
Did you know that Bear Creek Falls and the lesser-known Upper Bear Creek falls are privately owned? 'Tis true, and for the first time in over 100 years these spectacular waterfalls and surrounding lands are available for purchase. This offering is comprised of 5 patented mining claims totaling approximately 33 acres, which includes: 100% interest of the Wild Yankee Millsite claim (which contains Bear Creek Falls) and nearly 100% ownership in the four other mining claims that surround Bear Creek Falls, i.e. The Wild Yankee Lode (which contains the Upper Falls), The Silver Chief Millsite, The Silver Chief Lode and the Excelsior Lode. This group of 5 mining claims, collectively known as the Bear Creek Falls Property, is an inholding within US Forest Service Lands that is located just two miles from downtown Telluride, and is adjacent to the Town's Bear Creek Preserve. The Bear Creek Falls Property is the actual destination at the end of the Bear Creek Falls Trail, which is ranked # 2 on Trip Advisor for "Things to do in Telluride" with an estimated 200,000 permissive use visitors annually. Similar to Hanging Lake, 7- Falls (A Broadmoor Hotel owned waterfall attraction), or Maroon Bells, a user fee model could be imposed, and with improvements such as a viewing platform, stairs to the upper falls, etc., the revenue estimates are significant. Conversely, if this property was acquired and brought back into the public domain there would likely be significant tax credits available. This is truly a once in a lifetime opportunity to own not only a world class waterfall attraction but also a part of Telluride's identity as an outdoor destination. You don't have to take my word for it though, just ask your favorite AI search engine how important Bear Creek Falls is to both the town and the region. Per ChatGPT, "Bear Creek Falls is not just a physical site but also a symbol of the community's lifestyle, emphasizing the town's commitment to maintaining natural beauty and promoting outdoor living... In summary, Bear Creek Falls is significant due to its scenic beauty, accessibility, economic contributions, recreational diversity, conservation efforts, educational value, and as a cultural landmark that defines part of Telluride's identity." Surveys, Studies by economists and outdoor recreation experts, Comps, Legal Opinions on Access & Land Use, etc. are on file with Listing Broker.
820858
MLSⓇ ID
January 31, 2025
Listed
January 31, 2025
Updated
Map
Bear Creek Falls
Telluride CO, 81435
Exterior/Building Features
Lot Size
33.6 Acres
Lot Features
Adjacent To Public Land, Borders National Forest, Corners Marked, Off Grid, Ski In /Ski Out
School Information
High School
Telluride 9-12
Elementary School
Telluride K-6
Other Property Details
Area Name
Telluride
Garage
No
View
Yes
View Description
Mountain(s), Valley
County
San Miguel
Pool
No
Waterfront
Yes
Listed by Shane Jones with Best of Pagosa Springs 970-844-0166
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Data last updated on: 1/31/2025