Buyers can “name their price” for this multimillion-dollar Telluride home
The 5,400-square-foot house at 220 Cortina Drive first hit the market at $4.995 million.
There’s a home in Telluride that would make Flo from Progressive proud.
Potential buyers can name their price on this 5,400-square-foot house at 220 Cortina Drive, which hit the market Aug. 12. But don’t expect to toss a “Price is Right” bid — the window for offers is $3.75 to $4.195 million.
“220 Cortina Drive was originally listed for $4.995 million and wasn’t receiving any offers, so we decided to take a different approach,” said Mike Russo, founder and developer of SparkOffer, a transaction platform that aims at a more transparent way to connect sellers with buyers. “Based on my 20 years of industry experience in the global luxury residential sector, I know that every property has a low end of the range which will motivate buyers on an accelerated time frame.
“I’ve also noticed that when buyers see a set asking price that isn’t within their budget, they won’t even bother to make an offer. From that understanding, we developed our methodology of listing homes with a range vs. one price, to spark offers. Our goal is to increase sales activity within a 45-60 day time frame for 220 Cortina Drive.”
The property’s clean lines and symmetrical design mirror mid-20th-century architecture constructed of steel, stone and glass. Inside features include a custom-built staircase with a 16-foot chandelier. All three levels house a bar and kitchenette and the master bedroom, fittingly, has a master balcony.
Sean Hakes, managing member of Monroe Cardinal, an advisory and asset management platform, highlighted his favorite aspects of the interior: “We built two living rooms on top of each other, both with tremendous entertainment systems. You could have an extended family in both rooms and simultaneously have different experiences. Additionally, the tongue-and-groove cedar ceiling on the main floor and in the master suite lends great context and warmth to the home.”
A hallmark is the house’s “green energy” ventless fireplaces found in multiple living spaces.
“I’m also very proud of our energy rating. If the new owner wanted to have the house LEED certified it would qualify. San Miguel County was very complimentary about our energy efficiency, and our ongoing utility bills are almost nonexistent.”
This ski-in, ski-out residence occupies 0.21 acres within Cortina Mountain Village along Sundance Trail, dotted with tall Aspen trees.
“I love the overwhelming feeling of how nature surrounds you and how the home belongs among the Aspen trees,” Hakes said. “It makes me feel like I am living in a luxury treehouse.”