THERE IS MORE THAN ONE WAY TO SLEEP UNDER THE STARS.
Beneath Colorado’s vast sky, there are endless ways to live—and dream—under the stars. From those first nights spent falling in love camping in the Rockies to the moment you plant roots to craft a home, we seek the shelter that meets our needs, both in form and in feeling.
Whether wrapped in the glow of a lantern-lit tent or framed by floor-to-ceiling glass, the magic remains the same: a connection to the wild, warmth within, and a view that humbles and inspires.
Because here, luxury isn’t defined by walls or boundaries. It’s found in presence, perspective, and the quiet reminder that the most extraordinary spaces still leave room for wonder.
Shannel Ryan President, Colorado
Nolan Carleton Editor in Chief
Dave Strellner
Executive Producer Morgan Goodroad
Creative Sarah Innerarity
Editorial Nicole Glenewinkel Advertising
Ainsley White Production
Scott Kapela
Design Production
Kim Hilley
Design Production
1 of 1
256 Country Club Drive, Mountain Village, CO
$5,395,000 | Details on p. 37
20+ Locally Owned Offices in Colorado
FRONT RANGE
Boulder 1050 Walnut Street, Suite 100
Boulder | 303.443.6161
Castle Rock
413 Wilcox Street
Castle Rock | 303.660.0801
Cherry Creek
100 Saint Paul Street, Suite 200 Denver | 303.893.3200
Colorado Springs
102 North Cascade Ave, Suite 110
Colorado Springs | 719.578.8800
RESORTS
Beaver Creek
26 Avondale Lane, Suite 119 Beaver Creek | 970.845.0400
Breckenridge
101 South Main Street
Breckenridge | 970.453.0550
Crested Butte
401 Elk Avenue
Crested Butte | 970.349.6653
Dillon
707 East Anemone Trail, Suite 4
Dillon | 970.453.0550
Edwards 34253 Highway 6, Suite 2A
Edwards | 970.845.0400
Telluride
137 West Colorado Avenue
Telluride | 970.728.1404
Denver Tech Center
8000 East Belleview Avenue, Suite 200
Greenwood Village | 303.893.3200
Evergreen 31955 Castle Court, Unit 1 South Evergreen | 303.674.3200
The Village at Castle Pines
482 West Happy Canyon Road
Castle Rock | 303.688.6100
Telluride
215 San Juan Avenue, Suite C3 Telluride | 970.728.1404
Telluride
225 South Oak Street
Telluride | 970.728.3086
Telluride | Mountain Village
565 Mountain Village Boulevard, Suite 101
Mountain Village | 970.728.1404
Vail | Bridge Street
228 Bridge Street, Suite 100
Vail | 970.476.7944
Vail | Mountain Haus
292 East Meadow Drive, Suite 101 Vail | 970.476.7944
Winter Park
78977 US Highway 40
Winter Park | 970.509.1740
Winter's Clarity
Letter from the President
Real estate has its own seasons, some predictable, some surprising. This year, summer arrived with an unhurried pace. The market was slow to warm, patient in its cadence. But when momentum began in September, it was with drive. Activity surged later than usual, carrying strength and confidence well into fall and extending what is traditionally a shorter selling season.
In our resort communities, that shift wasn’t accidental. It was the product of strategy.
Homes that commanded attention were the ones positioned with intention from day one: priced with precision, presented with sophistication, and supported by unique, eye-catching marketing that rose above the noise. In a landscape where buyers have infinite options but limited time, the properties that sold were the ones impossible to overlook.
Visibility mattered. And our reach into key markets— from Texas and Florida to Chicago, Mexico City, and beyond—played a defining role. Unparalleled exposure across these audiences ensured that the right buyers discovered the right homes at exactly the right moment. Even as the season stretched later than expected, demand met opportunity with notable alignment.
As winter arrives, the market feels focused: steady, smart, and selective. The best results continue to come from sharp strategy, compelling storytelling, and the kind of global network that transforms a listing into a destination. Winter has a way of revealing what’s essential. In real estate, that clarity is our advantage.
There’s more than one way to sleep under the stars, and more than one Colorado resort to build #thelifeyoulove. We can show you how.
Your partner in the market,
President, Colorado LIV Sotheby’s International Realty
From the moment you enter a home, three silent forces begin to shape your experience: color, light, and location. Morning sun spills across mountain peaks, casting a golden glow through floor-toceiling windows, glinting off the texture of handhewn timbers. Outside, the quiet rhythm of a river or refrain of snowfall completes the symphony of setting and sensation.
Design in Colorado’s resorts is a dialogue between environment and emotion. Here, interiors are not just seen, they are felt. The palette of a home mirrors the alpine landscape, the light defines its mood, and the geography informs its soul. At this intersection of art and atmosphere, the state’s luxury market finds its most distinct expression.
“COLOR IS THE SINGLE MOST IMPORTANT CONTRIBUTION TO ESTABLISHING A MOOD.”
Leatrice Eiseman Executive Director of
the Pantone®
Color
Institute and the Eiseman Center for Color Information & Training.
Color is far more than an aesthetic choice. It’s a psychological instrument. From art to architecture, the influence of color is rooted in how humans instinctively perceive and respond to their surroundings.
Colorado-based designer Twyla Gurlea, founder of ColorView Design, brings academic precision to this emotional science. Trained under color psychology pioneer Frank Mahnke, Gurlea explains that “Our most immediate reactions to color may stem from biology, but the way we experience and interpret color is shaped by layers of cultural, social, and personal meaning. For example, seeing fresh green leaves in spring can feel uplifting not only because of our biological response to vibrant greens, but also because we associate them with renewal and the return of life.”
THE LANGUAGE OF EMOTION
Mahnke’s Color Experience Pyramid outlines how humans experience color on multiple levels from biological response to personal memory, see below.
Personal Relationship
Individual memories, like childhood wall color, shape how we feel about hue.
Influence of Trends, Fashions, Styles
Pantone’s annual Color of the Year reflects collective mood.
Cultural Influence & Mannerisms
In China, yellow once symbolized royalty; in Latin America, marigolds evoke renewal and remembrance.
Conscious Symbolism & Association
Learned meanings, like associating blue with sky and sea.
Collective Unconscious
Universal associations such as blue with tranquility or red with vitality.
Biological Reactions to Color Stimulus
Instinctive, unlearned reactions tied to survival and comfort.
COLOR
This layered understanding is reflected in design choices across the mountains. Jewel tones and earth palettes—moss greens, canyon browns, and alpine blues—have surged in popularity, not as fleeting trends but as emotional echoes of the land itself.
At the same time, the luxury real estate market prizes universality. Gurlea notes, “Because color is such a powerful communicator, I avoid sending messages that might feel too specific or personal. Instead, I focus on neutral, grounded palettes that create a sense of warmth and balance, often using earth tones that feel natural, inviting, and timeless.”
This balance between emotional depth and broad appeal is essential in real estate. A neutral foundation allows buyers to project their own lives into a space, making it easier for them to see themselves there. Subtle color decisions, like a living room bathed in golden-hour light or a kitchen with warm wood and stone can evoke emotion more powerfully than bold design statements.
According to Suzanne Griffin, Principal of Winslow House design firm, “In staging, I’ve noticed that using color strategically—maybe in a single accent wall, a piece of furniture, or a rug— helps potential buyers emotionally connect to the home. It makes the space memorable.”
Pantone’s Color of the Year 2025, 171230 Mocha Mousse, nurtures us with its suggestion of chocolate and coffee, answering our desire for comfort. It’s a hue that echoes Colorado’s mountain sensibility: rich, tactile, and reassuring.
“We’re seeing a lot of clients becoming braver with color, but still in a very refined, layered way. Instead of the stark neutrals that were popular for so long, we’re using warmer, earthbased neutrals and introducing rich colors through cabinetry, fabrics, and art. There’s a shift toward spaces that feel soulful and grounded, not sterile,” Griffin observes.
Color drenching, where designers envelop walls, furnishings, and ceilings in one continuous tone, represents the next evolution of immersive design. Gurlea views it as a way to create intimacy, especially in smaller spaces, while cautioning that texture must balance saturation. “Without texture,” she says, “the effect can become overstimulating. With it, it becomes grounding, almost cocoon-like.”
Similarly, wood drenching, using consistent finishes across beams, walls, and furniture, brings the tactile warmth of alpine craftsmanship to life. These techniques express the same truth: that color and material can speak to emotion as deeply as music or scent.
THE LANGUAGE OF EMOTION
IF COLOR SETS THE TONE, LIGHT DIRECTS THE PERFORMANCE.
At altitude, light behaves differently. It’s sharper, more deliberate, carving long shadows that stretch across snowfields and timber. Builders and designers study its movement through the day, orienting windows to capture morning radiance and the golden hue of late-afternoon sun.
With more than 300 days of sunshine each year, Colorado’s natural illumination is abundant. Yet in winter, shorter days make quality of light essential. Full-spectrum lighting, which mimics sunlight across the full wavelength range, supports circadian rhythm and balances mood—critical during darker months.
THE ARCHITECTURE OF ILLUMINATION LIGHT
Lighting design uses layered color temperature to achieve mood and purpose:
Comfort & Relaxation
Warm White (under 3000K) Bedrooms and living areas.
Balanced Clarity
Neutral White (3500-4000K) Kitchens and gathering spaces.
Focus + Energy
Cool White (4000-5000K) Offices or studios.
This interplay creates rhythm and well-being, mirroring nature’s own spectrum.
“We use layers of light—architectural, ambient, and decorative—so the home feels equally inviting yearround. In summer, we rely on natural light and softer tones that don’t compete with the brightness outside. In winter, we lean on warmer bulbs and layered lighting to create that cozy glow people crave when the sun sets early. It’s about giving the home a rhythm that adjusts with the seasons,” Griffin explains.
Photography and staging follow the same principle. Golden-hour imagery captures not just architecture but emotion, the amber glow spilling through windows, a fireplace flickering against snow, or a home lit from within like a lantern in the dusk.
Floor-to-ceiling windows, now a hallmark of mountain modern design, blur the boundary between indoors and out. They frame the shifting light as it paints the landscape, from shimmering rivers at midday to the rose glow of alpenglow at dusk. In these homes, light is not a decoration; it is architecture itself.
EVERY HOME TELLS THE STORY OF ITS PLACE, AND EVERY BUYER BRINGS THE STORY OF ANOTHER.
“Clients from California tend to gravitate toward light, modern interiors with organic materials, and a seamless indoor-outdoor flow. Clients from Texas or the East Coast often love warmth, coziness, and a sense of craftsmanship. But almost everyone who builds in the mountains wants something that feels different from their primary home, a space that lets them slow down and connect with nature. Our job is to interpret that in a way that feels elevated, timeless, and uniquely theirs,” Griffin shares.
Colorado’s resort markets attract homeowners from across the country and abroad, each bringing distinct aesthetic expectations. Some crave modern minimalism; others seek rustic grandeur. These sensibilities converge in the Rockies, forming a design language that feels both sophisticated and deeply local.
The philosophy of biophilia, the innate human desire to connect with nature, runs through it all. River rock fireplaces recall afternoons on the water. Oversized beams echo the trees from which they were hewn. Textures, tones, and materials blur the line between outdoors and in, creating harmony between the built and natural world.
“People who come to Colorado are drawn to the landscape, the light, and the rustic beauty of the
mountains. So rather than recreating their homes from other markets, we design to reflect Colorado’s natural environment,” explains Gurlea.
This dialogue between global influence and regional authenticity is where LIV Sotheby’s International Realty (LIV SIR) thrives. Belonging to a brand with roots in the Sotheby’s auction house—a name synonymous with art, craftsmanship, and heritage since 1744—LIV SIR connects Colorado’s distinct luxury lifestyle to an international audience that values design, legacy, and authenticity.
For global buyers, Colorado offers rootedness, a tangible connection to landscape and lifestyle. For sellers, LIV SIR’s global network extends that story worldwide, presenting mountain luxury as both local art and global aspiration.
Ultimately, great design in Colorado is not simply focused on grandeur; it’s resonance. A well-designed home mirrors the world beyond its windows. Its colors recall earth and sky, its light moves like the day, and its materials speak of permanence. When these dimensions align, a home transcends shelter and becomes sanctuary.
This is the essence of luxury in the high country. A sense of belonging that reflects the landscape itself: grounded, radiant, and enduring.
“AND INTO THE FOREST I GO, TO LOSE MY MIND AND FIND MY SOUL.”
-JOHN MUIR
329 Ross Road, Placerville, CO
$2,575,000 | Details on p. 45
Winter Events 2025 Market Snapshot
Telluride Ski Resort Opening Day
November 27
Telluride Arts Holiday Bazaar
December 5 - 7
Noel Night
December 10
Mountain Village Holiday Prelude
December 13 - 14
Alice's Wonderland
December 13 - 14
Cassidy: The Ballad of Butch & The Invincible Three
December 18 - 23
Christmas Eve Torchlight Parade
December 24
Sheridan Arts Foundation Holiday Concert Series
December 26 - 31
New Year’s Eve Torchlight Parade and Fireworks
December 31
Gavin DeGraw
January 22
Harlem Quartet
January 24
Guys and Dolls
February 6 - 8
Telluride Comedy Festival
February 12 - 15
Telluride AIDS Benefit Fashion Week
February 26 - 28
Telluride Gay Ski Week
February 28 - March 7
Zoso
March 14
Galvin Cello Quartet
March 19
Easy Jim
April 3 - 4
$3,145,000
45% Median Sold Price Market Share $454,707,400 Total Sales Volume based on total sales volume in Telluride & Mountain Village
Market Report
Executive Director,
JESSICA GALBO
Telluride Arts
How did your journey lead you to your current role as Executive Director of Telluride Arts?
I served on my first nonprofit board in high school and have worked in arts nonprofits my entire life. I also teach ballet and contemporary dance, and love serving Telluride. This position at Telluride Arts is a natural progression of my career and allows me to serve the community in a new way.
Telluride has amazing arts organizations and artists. Combined with our town’s history and natural beauty, it’s a total knockout. That vibrant culture is why everyone wants to be in Telluride.
Telluride Arts mission is to support artists, advocate for the arts, and connect diverse audiences with creativity. What current initiatives are you most excited about?
Telluride Arts has an exhibition space called the HQ, where we host group shows and installations. We stay true to our roots supporting local and regional artists. One of those pillars is our small grants program, which is a beautiful way to elevate artists with direct support.
Telluride Arts was the town’s first nonprofit, helping other organizations and events like the Bluegrass Festival, Telluride Theatre and Telluride Film Festival get started. Telluride Arts has grown and evolved to support the community as many events and arts organizations have thrived, our job is to continue to respond to the change in our community and find ways to celebrate and elevate the cultural vibrancy here.
The Makers Market is a year-round artisan market, where we encourage everyone to shop local. We are also excited to work with Mountain Village and the Town of Telluride on public art projects.
You spent several years with the Telluride AIDS Benefit (TAB). What stands out most from your time with that organization?
That organization is almost 35 years old, and it beautifully combines human services with the arts. I helped initiate the Student HIV Awareness Program to bring students to the beneficiary organizations it serves, and a favorite memory was the Runway Fashion Show at the Telluride Regional Airport during COVID!
It's an amazing organization, and I really believe in Laya Barak, the new Executive Director, she is a dynamic force and will do great things.
“I worked with Jessica for three years as the artistic director. I am so grateful to her for paving the way and elevating the organization as Executive Director for the past 6 years. TAB is so much more than an annual event; it’s a reflection of the community. TAB educates the community on awareness and removing stigma, with a reminder that impact can stretch far past Telluride.” — Laya Barak, Executive Director, Telluride AIDS Benefit
What were your first impressions of Telluride when you arrived?
I visited in college and there was live music everywhere! I hiked Wilson Peak, and I remember thinking it was a small town but so vibrant with art. After moving here, I can say that I’ve seen more art, music, and live theater here than while I was living in San Francisco.
What are some long-term goals for Telluride Arts?
I want to continue to strengthen how we serve the local arts community and connect local artists. I’ve heard a lot from local artists that they want to connect with one another, so we look to next year as connecting artists through our space. We’re developing some public arts displays through the winter and have some wonderful installations and exhibitions coming from our direct grantees.
Regionally, we’re implementing a social justice art grant and looking to work with Creative Districts on the Western Slope. Colorado’s Western Slope is rich with creativity and talent so that will be a great collaboration through a private grant.
Telluride Arts has an outstanding team, and I’m so blessed to work with them, I also have a supportive Board of Directors. Diana Farrell is Telluride Arts new Board President, and I’ve loved working with her. She provides a lot of vision and momentum for the organization, along with our amazing team. I will ask your readers to come visit us in Telluride and say hello!
Photo: Palma Tavenner
MOUNTAIN VILLAGE
401 Larkspur Lane / $32,000,000 7 Bedrooms, 8 Full / 4 Half Bathrooms 16,122 Square Feet Lars Carlson 970.729.0160
Mountain Bird Ranch / $27,995,000
10 Bedrooms, 7 Full / 3 Half Bathrooms
12,747 Square Feet, 610 Acres
Dan Dockray 970.708.0666
PAGOSA SPRINGS
TELLURIDE
680 Hawn Lane / $18,500,000
5 Bedrooms, 6.5 Bathrooms
10,390 Square Feet, 35.71 Acres
Rick Fusting 970.708.5500
TELLURIDE
123 S Spruce Street / $16,675,000
4 Bedrooms, 5 Full / 2 Half Bathrooms
5,699 Square Feet
Brian Gavin 970.708.0125
123 Autumn Lane / $12,500,000 5 Bedrooms, 5 Full / 3 Half Bathrooms 7,024 Square Feet Matthew Hintermeister 970.729.1200
MOUNTAIN VILLAGE
274 Benchmark Drive / $12,490,000
6 Bedrooms, 6.5 Bathrooms, 7,134 Square Feet
Rick Fusting 970.708.5500
TELLURIDE
673 E Pandora Avenue / $11,995,000
5 Bedrooms, 4.5 Bathrooms, 3,707 Square Feet
Dan Dockray 970.708.0666
MOUNTAIN VILLAGE
130 Cortina Drive / $8,745,000
4 Bedrooms, 4.5 Bathrooms, 4,375 Square Feet
JJ Ossola 970.708.5626
TELLURIDE
731 Shadow Lane / $8,600,000
4 Bedrooms, 4.5 Bathrooms, 2,784 Square Feet
Iva Kostova Hild 970.708.1297
TELLURIDE
216 E Serapio Drive / $8,250,000
4 Bedrooms, 4.5 Bathrooms, 3,879 Square Feet
Dan Dockray 970.708.0666
MOUNTAIN VILLAGE
115 Rocky Road / $7,595,000
8 Bedrooms, 5.5 Bathrooms, 5,463 Square Feet
Dan Dockray 970.708.0666
MOUNTAIN VILLAGE
162 San Joaquin Road, Chalet #5 / $6,999,000
4 Bedrooms, 4 Bathrooms, 3,404 Square Feet
Corie Chandler 970.708.9610
MOUNTAIN VILLAGE
5 Bedrooms, 4.5 Bathrooms, 3,567 Square Feet Dan Dockray
Chalets at Cortina is a collection of three adjacent, yet individual, single family residences offering majestic views and easy ski access within the high-end community of Villas at Cortina. Each chalet features a functional floor plan and high-end finishes throughout. Construction is underway on the first masterpiece with two more breaking ground in the spring of 2026.
Madeline Hotel & Residences #523/525
$4,675,000
2 Bedrooms, 2.5 Bathrooms, 1,846 Square Feet
Tracy Boyce 970.708.0737
RIVERFRONT VILLAGE RIDGWAY
Starting at $500,000 2-3 Bedrooms, 813 - 1,832 Square Feet
Rick Fusting 970.708.5500
John Burchmore 970.708.0667
Perfectly situated as the only Ridgway residential project on the Uncompahgre River, Riverfront Village offers quick highway access to Telluride, Ouray, Silverton, and Montrose while a stroll down the river trail leads to downtown shops and restaurants.
Marbella, Málaga, Spain | $6,907,478 Spain Sotheby’s International Realty
CASA DEL MAR
Petit Cul de Sac, Saint Barthelemy | $19,587,510 St. Barth Sotheby’s International Realty
Highland Park, Illinois | $5,999,000
Jameson Sotheby’s International Realty
2441 WOODBRIDGE LANE
Pine, CO | $1,050,000
Lea VanSchaack | 303.803.2026
2539 E 5TH AVENUE
Denver, CO | $4,495,000
Trish Bragg | 303.638.6355
Maggie Armstrong | 303.241.9244
32329 INVERNESS DRIVE
Evergreen, CO | $1,425,000
Heather Graham | 720.201.4187
Sean Endsley | 303.895.4663
2656 4TH STREET
Boulder, CO | $6,390,000
Jeff Erickson | 303.589.2741
Ryan McIntosh | 720.495.4563
Cherry Hills Village, CO | $9,250,000
Kate Perry | 303.810.0474
Castle Rock, CO | $3,300,000
Casey Miller | 720.201.2755
Denver, CO | $4,400,000
Josh Behr | 303.903.9535
Fort Collins, CO | $2,495,000
Jason Filler | 970.222.7031
Koa Schumann | 970.310.9045
7 VILLAGE ROAD
4736 RIM ROCK RIDGE ROAD
7 ELK POINTE LANE
19 S EUDORA STREET
As we celebrate more than 50 years of service, Telluride Arts remains committed to its mission of vitalizing the region through the appreciation and participation in the arts. Our work is rooted in three core pillars that guide our efforts and ensure our continued growth:
the life you love
are recognized among Sotheby's International Realty's Top 100 Global Real Estate Advisors.
Dawn Stone Mullin attends the 17th Annual Luxury Real Estate International Symposium in Verona, Italy.
Our Summit County team gathered to celebrate the season during the annual Brokers on Boats event.
Our LIV SIR advisors experienced an exclusive tour of the Park Hyatt in Mexico City alongside the Mexico SIR team.
Josh Behr, Linda Behr, Matthew Blake, Stacie Chadwick, Dan Dockray, Barbara Gardner, and Malia Cox Nobrega
NO BENCH . JUST LEGENDS .
At LIV Sotheby’s International Realty, we have assembled a varsity lineup. We don’t follow trends; we set them. We don’t chase success; we build it. Brick by brick, deal by deal, relationship by relationship. Our brand isn’t just recognized—it’s revered. Here there is no bench. Every broker a game-changer, every client a cornerstone. We don’t just offer service; we offer partnership, commitment, and an elite experience designed just for you. You deserve nothing less than the best, and that's exactly what we deliver. Every time. Without fail. Find Your Advisor
