collections spring/summer 2014

BROKER MESSAGE

FINDING SUCCESS WITH A LUXURY AUCTIONAUSTIN AGENT DIRECTORY

AUSTIN & SURROUNDING AREASLOTS

LAKE LIVING

UNIQUE LIFESTYLES AT THE PRESERVE AT WALNUT SPRINGS

COUNTRY ESTATES & RANCHES

SAN ANTONIO AGENT DIRECTORY

SAN ANTONIO & SURROUNDING AREASTEXAS HILL COUNTRY

TELLURIDE, CO & THE MOUNTAIN RESORTS OF THE WEST

TEXAS HIGHLAND LAKES

COUNTRY ESTATES & RANCHES

KUPER RANCH SALES

SOTHEBYS INTERNATIONAL REALTY AFFILIATES DURANGO, CO

TELLURIDE, CO

STEAMBOAT SPRINGS, CO

VAIL, CO

BEAVER CREEK, CO

DESTIN, FL

SANTA FE, NM

INTERNATIONAL

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COVER PHOTO BY JAMES BRUCE

Table of

This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions and changes including price or withdrawal without notice. MMVIII Sothebys International Realty Affiliates LLC. All Rights Reserved. Sothebys International Realty is a licensed trademark to Sothebys International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity . Each Office is Independently Owned and Operated, If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. SIR15

a Message froM our

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Our Extraordinary Brand

The real estate market is hot! How hot you ask? So hot that the majority of our listings receive multiple offers. So hot that many of our listings receive offers higher than the asking price. So hot that we are making offers for clients on homes posted to Facebook. That's hot!

One of our best and brightest agents came to me asking if I had heard of a local Facebook group where people actively trade high-end goods. I hadn't. She proceeded to show me the offer she was about to submit for a home listed on this page. Several others bid. She won. While I would never recommend someone list their own property on Facebook (email me if you need to know why), it does demonstrate how the real estate landscape continues to change. It also shows me that we are a real estate brokerage that is prepared for those inevitable changes.

To make sure that we are the best in our markets, we continue to foster highly-coveted relationships with some of the world's greatest media outlets. New this quarter is our exclusive relationship with the Bloomberg network and Bloomberg.com. We continue to strengthen our relationship with the Wall Street Journal. The digital ad that we exclusively have is the most highly- trafficked ad unit for the entire Wall Street Journal worldwide. You just read that right. We have expanded our relationship with Architectural Digest in the digital space. If you have time, I would encourage you to visit ArchitecturalDigest.com to see how we have the ability to promote properties and drive buyers. We also continue to refine and strengthen our relationships with some of the best local media outlets with our friends at the Austin & San Antonio Business Journals, the Austin American-Statesman and the San Antonio Express-News. Earlier this year, we even advertised in Latitudes, which reaches all American Airlines and American Eagles passengers in the United States and Mexico. These powerful relationships remain exclusively for our clients. No broker does more to promote our clients' properties than we do.

In this edition of COLLECTIONS magazine, we have compiled some of the best homes, ranches and vacation properties that our market has to offer. By the time you are reading this, many of these properties will most likely be under contract. I hope you will consider talking to one of our top real estate professionals featured in this magazine to guide you through the buying and selling process during this white hot market!

Sincerely,

COLLECTIONS

capita lc i tysothebysrea l ty.com | 3

hen the owner of the Wild Orchid Stables equestrian estate and ranch in Wellington, Florida became frustrated after spending more than a year on the market and receiving only a handful of showings, a

friend suggested an auction. Although initially skepticalin his mind, auctions werent suited for his multimillion-dollar propertyhe began researching real estate auction firms. His research, along with a recommendation from his listing agent, led him to invite my firm, Platinum Luxury Auctions, for an exploratory meeting. After several discussions, two proposals and one executed auction contract, our team was underway preparing the propertys custom-tailored marketing program. Within four weeks of marketing the auction internationally, the property was placed under a non-contingent contract prior to its planned auction date for $4.235 million. The buyers, who responded to one of our direct postcards promoting the sale, didnt want to compete for the property at a live auction and felt that putting forth a strong offer in advance would convince the seller that the auction was not necessary. Their move paid off, and theres a good reason why: Prior to this sale, the highest price ever achieved within the sellers rather large, 30-year-old subdivision was only $1.8 million. We had more than doubled the existing sales record. At this point I hope you are asking yourself, How did they do it? If youre a luxury homeowner frustrated by your own stagnating listing, you may also be thinking, Can they do it for me?! Id like to take the opportunity to answer both of these questions. Lets start with discussing how we achieved this sale and many others like it.

KNOWING YOUR CLIENT AND YOUR MARKET

Every business should know where and how it performs at an optimal level, and stick to that operating range. For us, there are basically two criteria that define our operating range: the seller and the property. Our sellers are individuals who have little to no debt on their property and who want to sell, rather than need to sell (a very important distinction). We do not work with distressed sellers. Second, the property must be desirable and in excellent condition. We do not work with distressed properties. While these criteria may sound a bit high brow, they allow us to ensure that we are conducting business within our optimal performance range.

CAREFUL DUE DILIGENCE (AND KNOWING WHEN TO SAY NO THANK YOU)

When I was in my early years in the luxury real estate auction industry, the firm for whom I worked would never do any market research in advance of accepting a property for auction. The theory was that if the property was so unique that it had not found its value through the traditional sales process, any attempts at placing a paper valuation on it in advance were moot. The valuation question simply couldnt be answered until a room full of qualified bidders was competing to place a true market value on the property via the auction process. While there is still merit to this psychology in a basic sense, with the analytics and technology tools real estate professionals have at their disposal today, the times of a seller going into an auction completely blind as to the potential valuation range

W

F INDING SUCCESS WITH A LUXURY AUCTION

TRAYOR LESNOCK PLATINUM LUXURY AUCTIONS

Wel l ington , FL | So ld for $6 .9 mi l l ion

COLLECTIONS

4 | capita lc i tysothebysrea l ty.com

should be over. Prior to accepting any property for luxury auction, our team conducts a rather intensive round of due diligence and research. An important element of this process is identifying potential barriers to success. It is for this reason that we sometimes joke that we are actually in the No Business, but we just happen to do auctions. Knowing when to turn down a property for luxury auction is a talent that all high-end auction firms should possess, and they should exercise it often. Not every property or seller is right for the luxury auction process. In the case of Wild Orchid Stables, there

were several challenges for the attempted auction, but the seller allowed us to use the right terms of sale and the right degree of marketing power to overcome those challenges. We therefore moved forward.

DONT APPLY COOKIE-CUTTER FORMULAS TO UNIQUE PROPERTIES

You cannot acknowledge that your client has an exceptionally unique property, then proceed with a generic marketing plan and expect exceptional results. While we have certain blue chip marketing and advertising outlets that always perform for us, each luxury auction marketing program is custom-tailored for the given property. In

the case of Wild Orchid Stables, we placed a special emphasis on the International equestrian marketplace and retained our equestrian-specific public relations partner to assist us in drilling down to the nuanced micro-market segments of the wealthy equestrian buyer population.

ITS ALL ABOUT THE DETAILS

From the creation of each advertisement in the marketing campaign to building dossiers on each prospective buyer who inquires about a given auction property, focusing on the precise details is critical. Rather than simply saying, A buyer from Virginia likes your property. Well see what happens, our clients get to hear, Tom Smith visited the property, stayed for 30 minutes and asked a series of sincere questions. Weve found that he just sold his company for $150 million, is chairman of various other organizations, and would really love to move his family into the area before the start of the next school season. Knowledge is power, so we believe in empowering our clients so that they can make sound decisions as we move towards auction day. Our team had built an extensive dossier on the buyers who entered into contract on Wild Orchid Stables, allowing us to know the primary motivators behind their pre-auction offer, should we need to leverage those in negotiations. We could in turn educate our seller accordingly.

LET EXPERTS BE EXPERTS

We find that too many real estate agents try to be all things to all people. While this

Wild Orch id Stables , FL | So ld for $4 .235 mi l l ion

Va l le Cr uc i s , NC | So ld for $2 mi l l ion

COLLECTIONS


sounds heroic, its more often than not a recipe for failure, especially when dealing at the very high level of multimillion-dollar real estate. Because our firm operates nationwide (and has even done several deals outside of the United States), we cannot be expected to be the local expert in all markets. We are, however, experts in the luxury auction process, and we can apply that process essentially anywhere. We rely on the expertise of our cooperating, local brokerage partners to make sure that we are hitting on all cylinders for each luxury auction sale. In Wellington, our listing agent partner was able to provide valuable insight into the aspects of the property that benefited our buyers and judge that against the horses they owned and the equestrian discipline in which they participated. A horse property buyer may love the residential structure on a given farm, but if the stalls or arena dont fit his horses (which likely cost him a LOT of money), hes going elsewhere. This attitude applies to all aspects of the transaction: We want our attorneys handling the legal elements, the surveyors handling surveys, etc. This ensures that all elements of the sale are handled by the experts in their respective fields.

If youre still reading, lets move on to the Can they do it for me?! question.

KNOWING YOURE THE RIGHT SELLER

As noted earlier in this article, the ideal seller for a luxury auction is an individual who has little to no debt on the property and who wants to sell, rather than needs to sell. In our case, the property must be at least $1 million in value and have a high degree of finish.

DO YOUR HOMEWORK IN ADVANCE

My advice to any owner of a multimillion-dollar property who is considering placing his home for auction is Do your research, and do it thoroughly. Like the world of politics, the high-end real estate auction industry has always attracted quite a few individuals who really shouldnt be there. That said (and also like politics), the bad apples should never spoil the bunch. Interested sellers should simply take care to research the history and performance record of each real estate auction service provider they are considering. After all, the better firms will be researching you, too, making

sure that that by engaging you as a client, the business relationship will be positive and productive. Once a firm passes your series of tests and makes you comfortable, you should proceed with an exploratory meeting.

BE READY FOR A SALE

While this sounds rather obvious, the luxury auction process moves very quickly, so sellers must be sure that their property is ready to be transferred. This doesnt only mean making sure the property is clean and presentable, but also ensuring that the title is free and clear of any liens, permits or other encumbrances. Like most auctions of this caliber, each Platinum sale is AS-IS and non-contingent. There are no negotiations, the buyers pay cash and nearly all sales close within 30 days after the auction or the time of contract.

KEEP YOUR BROKERAGE IN PLACE

One of the greatest confusions about real estate auction firms is that they are competing with, or replacing, the current listing agent on a given luxury listing. In fact, the vast majority of high-end real estate auctions are conducted in cooperation with the propertys existing listing agent. This is important, as it allows for the formation of a best of both worlds scenario in which the local market expert and the luxury auction expert are joining forces to maximize results for the seller. In addition, most auction firms come at an added cost to the buyer

in a transaction, not to the seller or listing brokerage.

HAVE REALISTIC EXPECTATIONS

Having a candid grasp on the market is important. If all market metrics show that a property listed for $12 million is worth between $7 and $8 million, but the seller demands $12 million or bust, our team is going to decline that opportunity 100 out of 100 times. While the luxury auction process does create a very unique atmosphere filled with purchase pressures that are nearly impossible to reproduce in the traditional sales model, prospective performance metrics should be rooted in valid market data. Have we sold properties for 2535 percent above current appraisal? Of course, but we dont promote that as a guaranteed result. The goal of the luxury auction process should be to sell an $8 million property for $8 million. Sellers should be wary of overpromises or excessive salesmanship from their auction provider when it comes to pricing expectations.

CONSIDER THE REAL VALUE OF YOUR MONEY

This issue is critically important. I have lost count of how many times in my nearly 10 years in this business that weve put forth a proposal stating what we think the market value of a property is (and thus, what our expected auction performance would be) and the seller states, I would NEVER sell

Sunny I s les , FL | So ld for $3 .7 mi l l ion

COLLECTIONS


for that price! Lo and behold, whether it is six months or three years later, we find that the seller sold the property for that exact price or even for much less. This is because many sellers fall victim to the vicious cycle of what we call Floating above the market then chasing it down, endeavoring on an elongated series of too-little-too-late price reductions until ultimately, they actually overcorrect and sell for an amount that leaves precious capital on the table. Whats worse is that during that long, downward spiral, the costs of carrying the property are chewing significantly into the eventual sales price. If it costs $150,000 per year to carry a property, achieving a sale after three years comes at a hard cost of $450,000, which does not even take into account the lost opportunity costs and other financial considerations that occurred over that three-year period. Consider the present cash value that an auction can create by achieving

a fair-market sale within 4560 days.

DONT OBSESS OVER GEOGRAPHY

Recognize value in procedural expertise. Sellers often ask us, How many auctions have you done in our neighborhood/subdivision/city? Sometimes, we must proudly answer, None. The reason were not afraid to admit this fact is because our expertise is procedural, not geographical. We can apply our luxury auction program in essentially any market, so long as there are not exceptional barriers to entry there. As noted earlier, we often cooperate with the existing listing agent in our transactions, so their local market knowledge assists us in custom-crafting our program for the given area. Further, may of the properties we encounter have been listed with a local agent who has been doing business in the area for decades. The problem rarely lies in the local

expertise category.

If youve been shaking your head with some degree of acknowledgement while reading this article, then you may be an ideal candidate for a luxury real estate auction or you may know someone who is. I encourage you to use the information presented herein to guide you as you explore the world of multimillion-dollar real estate auctions and I hope you find it truly helpful! g

About the author: Trayor Lesnock is the president and founder of Miami-based Platinum Luxury Auctions, a market-leading firm for the sale of unique and distinguished multimillion-dollar properties. Mr. Lesnock and the Platinum team have effected the sale of more than $330 million in luxury property at auction, and have consulted and advised on more than $1.25 billion in luxury property in aggregate. To learn more, visit PlatinumLuxuryAuctions.com, or contact the firm directly at 800.262.5132.

Vero Beach , FL | So ld for $5 .2 mi l l ion

COLLECTIONS


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KuperrealTy.coM

Boerne

210.268.8510

Michael schulTz

alamo HeiGHts

210.744.1848

huTchings sealyFarm & ranCH

830.739.0919

Marc sherronalamo HeiGHts

210.771.4214

KiM sMiThDominion

210.867.6090

herb spoonalamo HeiGHts

210.269.9990

crisTin swobodaalamo HeiGHts

210.519.7512

angeles Tapia

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210.380.1229

John Tarillionalamo HeiGHts

210.410.5351

sandee ThoMasalamo HeiGHts

210.364.2000

MaTT Tillstone oak

210.363.9139

crisTina ToMlinson

alamo HeiGHts

210.355.8709alamo HeiGHts

210.912.2944

Janie Valadez

alamo HeiGHts

210.386.7515

paTTie walKeralamo HeiGHts

210.620.7292

spencer walKeralamo HeiGHts

210.394.2210HiGHlanD lakes/lake lBJ

830.613.9380

paula wendelDominion

210.380.8182

don woodyalamo HeiGHts

210.373.1553

deanna wrighT

stone oak

210.394.7850

naTalie saaVedra

alamo HeiGHts

830.456.2233

Joe salinasstone oak

210.325.7009

adriana sanTillan

alamo HeiGHts

210.639.6456

barbara schoenfeld

KaThleen ToTTenhaM

JaKey weilbacher

Dominion

210.387.1038

raul ruiz

sa n an To n i o &su r ro u n d i n g ar e a s

206 WINDING LANEHUNTINGTON ESTATES

SAN ANTONIO

$3,695,0005 BEDROOMS | 5 FULL & 2 HALF BATHS

Te x a s hi l l co u n T ry

4703 RANGER CREEKSPRING LAKE RANCH

BOERNE

$4,600,0003 BEDROOMS | 3 FULL BATHS

COLLECTIONS


ach of the mountain resorts of the Rocky Mountain West offer their own distinctive appeal. From the world-renowned sophistication and cultural hub of Aspen to the quintessential, European-inspired skiing experience of Vail and Beaver Creek;

and from the rugged Grand Tetons and National Parks of Jackson Hole to the rolling hills cloaked in Champagne Powder of Steamboat Springs and the Deer Valley/Park City areas of Utah, there is certainly something for everyone seeking a unique mountain getaway. Any list of great Western mountain resorts would invariably include the name of Telluride, Colorado. Having emerged in its popularity among savvy travelers over the last two decades, the area still remains a hidden jewel to others. Set deep within the southern San Juan Mountains of Colorado, an area often referred to as the Switzerland of America, lies the resort community of Telluride, Colorado. Offering a rare assemblage of staggering natural beauty, rich history, dynamic cultural offerings and world-class recreational opportunities, this idyllic mountain town has become a destination of choice for discriminating travelers the world over. With a historical legacy steeped in the lore of the legendary gold and silver mining booms of the 1800s, the charming Victorian streets are set within a dramatic box canyon setting that were reinvented in the 1970s to accommodate the Telluride Ski Resort, a bold undertaking that soon formed the backdrop for one of the countrys most exclusive resort communities. Named for the second year in a row as the Top Mountain Resort in North America by Cond Nast and recognized by Forbes as one of the Top Ten Mountain Resorts in the World, Telluride has evolved from a sleepy, near ghost-town in the 1940s to a destination of choice for those in the know.

ETELLURIDE, COLORADO

AND THE MOUNTAIN

RESORTS OF THE WEST

BILL FANDELTELLURIDE SOTHEBYS

INTERNATIONAL REALTY

COLLECTIONS


This year-round escape is also known in summertime as the Festival Capital of the Rockies, which include weekend-long, world-renowned events such as the Telluride Film Festival, Telluride Bluegrass Festival, Telluride Blues and Brews and Telluride Mountainfilm, while its 4th of July events draw visitors looking for the charm of a small town from an era gone by. With all these compelling attractions, the town has consistently maintained a character and appeal favored by winter and summer travelers alike. Offering two distinct communities connected by a pedestrian-friendly transportation Gondola, the region has become home to some of the finest mountain architecture and sought-after real estate opportunities in the Rocky Mountains, and in turn residents from Americas most recognized names in the ranks of business, entertainment, sports, politics and high-net worth families. From carefully restored and modernized Victorian homes just a short walk to skiing, shops and restaurants to log, stone and glass ski-in/ski-out estates, the area has a rich texture of property offerings for those seeking exceptional assets in a rarefied location. A distinctive style of architecture has seen its genesis in the region, incorporating the lines and materials of the mining period vernacular with sophisticated finishes, fixtures and furnishings and helping redefine the concept of a style known as Mountain Modern.

In-town condominiums and penthouses readily complement some of the countrys most iconic trophy ranches, hunting properties and equestrian estates just a short drive to town and the regions private and commercial airports. With easy access from regional airport hubs, Telluride counts Texans among its largest assemblage of property owners, with nearly 40 percent of buyers over the last six years hailing from the great state of Texas. A drive along the awe-inspiring Million

Dollar Highway takes a traveler on a half-days drive from Telluride through a series of dramatic historic towns including Ouray, Silverton and ultimately culminating in the wonderful college resort town of Durango, home to Durango Mountain Resort, Fort Lewis College and the Durango-Silverton narrow Gauge Railroad. Durango offers an inviting town setting, enviable climate, bustling retail and restaurant district and diverse real estate options that offer a broad range of pricing and styles that accommodate everyone from skiers to students, full-time residents and retirees to ranchers and recreational enthusiasts. Just another three hours south by car brings an inspired traveler to the sun-washed mountains of Taos and Santa Fe, known the world over as the hub of Southwestern art and culture and home to some of the most dramatic sunsets in the US. The premier mountain resorts of the Rocky Mountains offer a welcomed escape to the summer heat across the southern U.S., with warm, sunny days in the 70s and low 80s giving way to evening temperatures in the low 50s. With a wealth of lodging options, easy air or driving access and cultural and recreational opportunities unmatched in their diversity, the enduring appeal of mountain towns from Montana to New Mexico offer residents compelling lifestyle investment opportunities that offer a perfect complement to their Texas home. g

Te x a s hi g h l a n d la K e s

220 RIVER PARK DR.LAKE LBJ

KINGSLAND

$2,900,0004 BEDROOMS | 3 .5 BATHS | 5 ACRES

co u n T ry es TaT e s& ra n c h e s

THE EMERALD LAKE ESTATEHIGH MEADOW RANCH

MAGNOLIA

$24,500,000185 ACRES | 25 ACRE LAKE | ESTATE HOUSE



4440 GRAPETOWN RD. | 95 ACRESFREDERICKSBURG


575 BENDIGO LANE | 214 ACRESWIMBERLY

$4,750 ,000 | 4 BEDROOMS | 4 .5 BATHS

Ku p e r ra n c h sa l e s

THE LEGENDARY Y.O. RANCHMOUNTAIN HOME, TX

KERR COUNTY

$75,000,00029,000 ACRES | AMERICAS ORIGINAL GAME RANCH



CLINE MOUNTAIN RANCHUVALDE COUNTY

$4,000 ,000 | 1 ,385 ACRES

WARREN CREEK RANCHHAMILTON-COMANCHE COUNTY

$7,891 ,250 | 2 ,675 ACRES

NUECES RIVER RANCHUVALDE COUNTY

$2,637 ,500 | 1 ,055 ACRES



GOTOVAC RANCHBROWN COUNTY

$1,900 ,000 | 407 ACRES

SHUT-IN CREEK RANCHUVALDE COUNTY

$3,100 ,000 | 431 ACRES

DEEP CREEK RANCHMEDINA COUNTY

$1,995 ,000 | 370 ACRES



LAKE NUECES RANCHUVALDE COUNTY

$1,750 ,000 | 134 ACRES

LAGUNA LINDA RANCHFRIO COUNTY

$2,500 ,000 | 400 ACRES

Y-KNOT RANCHKERR COUNTY

$1,595 ,000 | 134 ACRES



MAYFIELD RANCHBLANCO COUNTY

$3,475 ,000 | 139 ACRES

BLANCO ROADBEXAR COUNTY

$1,120 ,000 | 82 ACRES

PIPE CREEK RANCHBANDERA COUNTY

$3,570 ,000 | 357 ACRES

In a time of global communications and global markets, THERE IS ONLY ONE TRUE INTERNATIONAL real estate brand

DURANGO, CO | COLLECTIONS

legacyproper t ieswests ir.com | tom & zach morse | 970.769.8989 | 97

KEYAH GRANDEPAGOSA SPRINGS, CO | $6,997,000

The Estate at Keyah Grande is a Spanish-inspired gem, intimately nestled on 200 plus acres and adjacent to thousands of acres of pristine mountain wilderness in the heart of Colorados San Juan Mountains. This beautiful 16,000 SF home offers eight graciously appointed suites and numerous gathering areas with the finest of furnishings, creating an elegant environment to welcome family and friends. Keyah Grande means big country and has been home to elk, mule deer, black bear, and mountain lion for thousands of years. Perched atop a mountain peak in a tranquil setting with spectacular vistas at every turn, this gated entry, and intimate home offers refined elegance with the rustic natural

elements of Southwestern Colorado. (More land may be available)

BLUE LAKE RANCHDURANGO, CO | $6,750,000

This 70-acre luxurious Southwest-style Bed and Breakfast/Country Inn, with an elegantly appointed Main Ranch House and secluded garden casitas and cottages, hosts a total of fifteen guest accommodations and staff housing, all woven in and around the Blue Lake and bountiful gardens. With its spectacular views of the 13,000-ft La Plata Mountains and overlooking its own 3-acre lake, it is located just outside Durango, Colorado. A year-round destination, its acclaimed for its glorious must-see gardens with mulched and grassy paths that wander through the Ranchs equally enchanting native vegetation. The Ranch is a veritable private

wildlife preserve and enchanted retreat. Offered furnished.

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COLLECTIONS | DURANGO, CO

98 | 970.769.8989 | tom & zach morse | legacyproper t ieswests ir.com

RANCHO MILAGROHESPERUS/DURANGO, CO | $5,695,000

This exclusive and luxurious private 273-acre equestrian estate has a beautiful custom Adobe 3,887 SF, 4 bedroom, 4 bath home, as well as a state-of-the-art 135 x 230 heated indoor riding arena with 4 lovely apartments, central viewing and entertainment area with full bar, kitchen and 3 large offices and an attached stable with kitchenette, tack room, medical room, 12 x 24 foaling stall, and eight 12 x 12 stalls. Additional amenities include outdoor arena, corrals, walker, barn and equipment

storage shed. Exceptional Value at 1/4 of replacement cost.

MOUNTAIN VIEW ESTATEDURANGO, CO | $5,995,000

Exquisite custom 10,215 SF, 5 bedroom, 6 bath, log home in the exclusive Two Dogs community with 9+ lake-front acres. The home consists of three levels with lovely views of Engineer Mountain, Spud Mountain, Twilight Peak, the Needles Mountains and the Hermosa Cliffs. Master craftsmen used a combination of 20+ individually cut Douglas Fir logs, natural stone, and custom ironwork to fit perfectly with the natural environment. There is direct access and rights to a small private lake on the western

boundary and the San Juan National Forest to the north. leg

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RANCHO ESCALANTEMANCOS, CO | $5,695,000

This quintessential Colorado 603-acre ranch includes an elegant 6,508 SF home with spacious open floor plan, separate staff quarters and a caretakers cabin. The ranch facilities feature a 3,100 SF horse barn, a 14,000 SF indoor riding arena, outdoor corrals with loafing sheds, numerous outbuildings, and separate garage with an art studio above. There are great water rights that irrigate lush alfalfa and grass hay meadows and the balance of the land has varied terrain with stream, ponds and woodlands. This beautiful ranch offers the best of rural lifestyles, sense of community and nearby access to great recreational amenities, restaurants and

cultural events.

S ILVER MOUNTAIN RANCHDURANGO, CO | $3,650,000

Surrounded by the San Juan National Forest, this special 158-acre ranch is nestled in its own private valley, just 15 minutes from historic downtown Durango. Amenities include a 3,100 SF main residence, 4 self-contained rustic cabins, and an open pavil ion overlooking a lake . This is the quintessential Colorado mountain retreat with a mil l ion

acres to explore out the back door.

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COLLECTIONS | TELLURIDE, CO

102 | 970.369.7700 | b i l l fandel | te l lur ide luxuryproper t ies .com

105 HIGHLANDS WAYTELLURIDE, CO | $10,495,000

A Masterpiece of Modern Mountain Design. A truly exceptional offering by any measure, this newly completed residence represents the very best in architecture, construction & interiors that Telluride has to offer. Employing an incomparable selection of materials, finishes, fixtures and furnishings the home sets a new standard for quality & detail in one of Mountain Villages finest

neighborhoods.

4 ROCKING RANCHBOULDER, CO | PRICE UPON REQUEST

Set within a stunning private valley just minutes north of downtown Boulder, the 144-deeded acres of the 4 RockinG Ranch is a rare of assemblage. Offering a perfect combination of a comfortable family compound, premium working ranch and a true recreational retreat, the property is bordered by over 1,000 acres of

dedicated Open Space.

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125 HANG GLIDER DR.TELLURIDE, CO | $7,995,000

Set within a grove of towering Aspen trees overlooking the groomed Double Cabin ski run, this extraordinary home & separate guest house offer exceptional design and construction. Dramatic views of the surrounding peaks, mature trees & bordering ski run are available throughout the home, while separate recreation room, media room, bunk area and ski rooms accommodate

dozens of family members or guests.

135 EAST COLUMBIA AVE.TELLURIDE, CO | $5,200,000

Timeless Shelter - A remarkable Town of Telluride residence designed by renowned regional architect Tommy Hein, offers uncompromising devotion to quality and detail. Classic lines underscore a level of sophistication rarely seen in a town property. An over-sized corner lot frames dramatic views from Ajax Peak to Bear Creek to the Telluride Ski Area.

TELLURIDE, CO | COLLECTIONS

tel lur ide luxuryproper t ies .com | b i l l fandel | 970.369.7700 | 103

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234 COUNTRY CLUB DR.TELLURIDE, CO | $4,995,000

Soaring floor-to-ceiling glass windows with panoramic views offer wonderful south-facing sunlight, while the homes mix of reclaimed timber, stone & glass give this modern mountain home a distinctly current feel. Walk to the Village core, gondola & skiing, or simply revel in one of the most dramatic views of the Village & ski area

from this tranquil ridgeline setting.

LAZY DOG RANCHPLACERVILLE, CO | $2,495,000

Nestled within a storybook setting, just 13 miles from the heart of Telluride, this ranch is a country retreat shaped by years of inspired stewardship. Framed by towering aspen trees

collections spring/summer 2014

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