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.
Details
MLS #
820858
Listing Type
For Sale
Sub-Type
Resale
Status
Pending
Days On Site
603
Listing Provided By
Best of Pagosa Springs | Shane Jones
Features
Zoning
Other
Acreage
33.60
Water Front
Yes
Property View
Yes
Exterior
Lot Features
Adjacent To Public Land, Borders National Forest, Corners Marked, Off Grid, Ski In Ski Out
Other
List Aor
Pagosa Springs Area Assn Of Realtors
Area Information
State
CO
County
San Miguel
City
Telluride
Zip Code
81435
Area
Telluride
School District
Telluride 9-12
Elementary School
Telluride K-6
High School
Telluride 9-12
Sourced by Back At You
MLS Number: 820858
Shane Jones – (970) 844-0166 – shanejonespagosa@gmail.com
Best of Pagosa Springs – (970) 585-8977 – mike@bestofpagosasprings.com
