An incredible value on Lot 325, Benchmark Drive has just created the ideal opportunity to create your home away from home for generations to come. A 40% Price Reduction and a motivated Seller makes this the most appealing Lot on the sought-after Upper Benchmark neighborhood. This is a true estate lot set on nearly two knoll-top acres, within one of Mountain Village’s finest neighborhoods. Offering dramatic 270-degree views from the iconic 14,000-ft. Wilson Peak and to the jagged San Sophia Ridgeline, this large parcel would be the perfect setting to create a private enclave with easy access to skiing within a most serene environment. Towering aspen, spruce and fir trees afford the opportunity to create a tree-lined entry drive, or combine this parcel with the adjacent slope-side residence at 416 Benchmark to forge a nearly four-acre compound within Mountain Village. To see more on this property, click here
By Heather Sackett, Telluride Daily Planet
Wednesday’s Telluride Tourism Board annual meeting covered wide-ranging topics, from record sales tax and visitor numbers to the importance of restoring commercial air service at the Telluride Airport and even a lesson on psychology and branding.
According to the TTB’s 2014 annual report, 2014-15 was a record winter for the number of passengers on Colorado Flights Alliance flights into the Montrose Regional Airport. Passenger traffic was up for the season on all flights, providing service for 40,000 travelers and about 32,000 winter visitors to Telluride. That translates to an estimated $58 million in spending and $173 million in overall economic impact, according to the report.
“We are just really excited about what we’ve been able to put on the books over the last year,” said CFA Chief Operating Officer Matt Skinner.
And there’s more good news for the upcoming ski season, Skinner said. CFA has confirmed a daily and twice Saturday American Airlines flight from Dallas to Montrose for the 2015-16 winter season. There will also be flights five days a week from Phoenix with seven days a week over the Christmas holiday as well as flights from Chicago and L.A. Skinner said 71 percent of visitors consider a direct flight very important for coming here.
“Non-stop service results in the highest traffic stimulation and maximizes visitors,” Skinner said.
As for restoring commercial flights to the 9,070-foot-high Telluride Regional Airport, Skinner said CFA and its partners are exploring every option possible and are making headway on upgrading to a category 3 approach, which would allow larger aircraft to land at TEX.
“We are still working very hard on TEX,” Skinner said. “It’s a priority to get some kind of scheduled service in there.”
From air service, the presentation turned to record occupancy rates, which have continued to rise each year for the last several years.
“If we finish this year how we are pacing, this will be the fifth consecutive record year,” said TTB CEO Michael Martelon. “This year is going to be more important than last year. We don’t have ‘The Hateful Eight.’”
Martelon then gave a preview of the TTB’s upcoming marketing and branding strategies, saying that the “Made In Telluride” logo will be phased out. It will be replaced by marketing efforts that focus on four of Telluride’s natural strengths, which Martelon called “pillars” on which the organization will hang its hat: authenticity, experiences, community and mountains.
“When we can build our brand around truth, it’s a powerful thing,” he said.
Giving a short lesson on psychology, Martelon said the new marketing approach will be based on Swiss psychologist and father of analytical psychology Carl Jung’s 12 archetypes. The Explorer, who represents the freedom to find out who you are through exploring the world, is a core Telluride archetype.
“We need to be the enabler of the journey,” Martelon said.
Another core Telluride archetype is the opposite of The Explorer — The Innocent. This target archetype wants to be happy and their faith and optimism are main qualities.
“We need to fuel their optimism and welcome them into our community,” Martelon said.
Martelon said the TTB hasn’t yet figured out a new tagline or how the new research about archetypes will be molded into a marketing campaign.
The meeting closed with a Q&A session, moderated by Martelon, with Telluride Mayor Stu Fraser and Mountain Village Mayor Dan Jansen. The mayors fielded questions on issues like workforce housing, sales tax, broadband and new construction projects. Fraser paid tourism its due, acknowledging it is what fuels local industries and makes the towns and local governments run.
“Tourism is what pays the bills right now and cleans the gutters and makes water treatment plants function,” Fraser said.
To visit Telluride Luxury Properties, click here
Ultra wealthy individuals are buying up luxury homes around the world to further diversify their holdings, according to a new report by Wealth-X and the Sotheby’s International Realty® brand released today.
The joint report, Europe, Middle East and Africa Luxury Residential Real Estate Report For 2015,provides insight into the EMEA region’s luxury residential real estate market and identifies purchasing and investment opportunities for ultra high net worth (UHNW) individuals looking to diversify their holdings.
The report shows that the UHNW Residential Real Estate index tracked by Wealth-X hit a new record high of 112.1 in the first quarter of 2015, up nearly 4 percent from the fourth quarter of 2014, and 7 percent from the first quarter of 2014. This highlights the strength of the global luxury real estate sector on the back of demand by ultra high net worth (UHNW) individuals.
The index takes into account the full range of luxury residential properties that are owned by the world’s wealthiest individuals. Wealth-X data shows there are 211,275 UHNW individuals globally, who collectively own nearly US$3 trillion of real estate, equal to 10 percent of their net worth.
Below are other key findings from the report:
- The EMEA region offers purchasing and investment opportunities, particularly in Madrid, Dubai and Cape Town (three EMEA cities featured in the report), where luxury properties and strong lifestyle considerations may appeal to UHNW buyers.
- London remains the top real estate hub for the EMEA region. The city’s price per square foot (US$3,103) is nearly four times that of Dubai, six and nine times more than Madrid and Cape Town respectively.
- One-third of all premium London properties for sale (homes valued above US$1 million) are worth more than US$10 million. By comparison, Dubai has only 8 percent of its luxury properties listed in the super prime range above US$10 million.
- The less expensive price per square foot for premium real estate in Cape Town generally leads to larger houses. A luxury property in the South African city has six bedrooms on average – higher than Madrid and Dubai, the two other cities profiled in the report.
“Wealth-X is pleased to partner with the Sotheby’s International Realty brand for this second luxury real estate report for 2015. Because it touches upon several key elements in an ultra affluent individual’s life, including lifestyle, investments and family, luxury residential real estate encapsulates a core part of their identity,” commented Wealth-X President David Friedman. “As their wealth continues to grow, so will their investment fueled by flight to safety from less geopolitically stable geographies.”
According to Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC, this joint report was designed to provide a deeper understanding of the UHNW consumer, specifically in the EMEA region. “The research shows that trends and the economic climate in some EMEA countries are stimulating alternative investments such as real estate in these local markets,” he said. “These opportunities are exciting and we are proud to be able to provide an in-depth look at them.”
To visit Telluride Luxury Properties click here
From a world-renowned California ranch to an exclusive private island in the British Virgin Islands, this month’s collection of exceptional properties for sale feature homes from some of the world’s finest locales.
$100,000,000 USD | California, USA | Sotheby’s International Realty – Montecito – Coast Village Road Brokerage
Sycamore Valley Ranch is the ultimate ranch retreat and gated estate of approx. 2,698 acres located 5 miles north of the town of Los Olivos. Published in The Wall Street Journal, the home was designed by Robert Altevers for William Bone in a French Normandy-style and meticulously crafted to perfection. Nestled between extensively landscaped gardens and a four-acre lake complete with a waterfall, the home offers incredible pastoral and majestic mountain views. The ranch features 22 unique structures, including three separate guest homes, an approx. 5,500-sq.ft. movie theater with stage, and several barns.
Price Upon Request | Cannes, France | Côte d’Azur Sotheby’s International Realty
Situated in one the most sought after buildings of the Croisette, this magnificent and private apartment features a roof top terrace offering one of the most captivating views over the bay. This extraordinary waterfront apartment is a blend of both contemporary and classical design.
Price Upon Request | Luxembourg | Luxembourg Sotheby’s International Realty
Built in the early 1900’s and located in one of the most prestigious residential neighborhoods of Luxembourg City, this historic Castle is nestled in the middle of over 7 acres and is one of the largest and most private parcels of land in the capital. The principal rooms are adorned with rich wood paneling, marble fireplaces and crown moldings making them ideal for elegant entertaining.
Price Upon Request | Big Scrub Island, British Virgin Islands | British Virgin Islands Sotheby’s International Realty
Luxurious living alongside a world-class resort & marina, Scrub Island is a true private island oasis with 170 acres of blank canvas. Big Scrub is connected to Little Scrub by an isthmus and the relatively small Little Scrub has amenities such as restaurants, bars, gourmet markets, beaches, a health club and various water sport activities available. Its central location offers close proximity to the airport but more importantly to various hidden treasures, all just a short boat ride away.
To visit Telluride Luxury Properties click here