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$ 14,999,995
Est. payment /mo
Active
Bear Creek Falls Telluride, CO 81435
33.6 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mining Claim
Listing Status Active
Purchase Type For Sale
MLS Listing ID 820858
Tax Year 2024
Lot Size 33.600 Acres
Acres 33.6
Property Sub-Type Mining Claim
Property Description
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 potentially 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 Broker.
Location
State CO
County San Miguel
Zoning Other
Rooms
Family Room No
Dining Room No
Exterior
Waterfront Description Creek
View Mountains, Valley
Schools
Elementary Schools Telluride K-6
Middle Schools Telluride 7-8
High Schools Telluride 9-12
Others
Virtual Tour https://pspixeltree.com/Bear-Creek-Falls/idx
Listed by Best of Pagosa Springs
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