Homes in Telluride, Colo.,
At Below the Median Price

The ski season official opens on November 24 in Telluride, Colo., which, while not as pricey as Rocky Mountain ski towns Aspen and Vail, Colo., has a median single-family home price of nearly $1.4 million, a rise of 3% over last year's median price of $1.35 million, according to the Telluride Association of Realtors. Here is a look at three Telluride residences below that price.

• Telluride, Colo./$1.292 million
• Telluride, Colo./$995,000
• Telluride, Colo./$895,000

PLACE/PRICE: Telluride, Colo./$1.292 million

PROPERTY TAX*: $1,564

THE PROPERTY: A 1,668-square-foot home with 3 bedrooms, 2 baths, on approximately .13 acres that are a 2- block walk from a ski lift.

DESCRIPTION: This home, built in 1981, is located in an enclave of Victorian-style houses. The residence offers views of Coonskin Run, Box Canyon and Red Cliffs. Features include modern appliances, Saltillo tile in the kitchen, a gas fireplace in the living room, wool carpeting throughout and a backyard deck.

NOTABLE: The property is just a half-block's walk to a ski-slope shuttle and seven walkable blocks to the town center. While this home doesn't have granite counters and other high-end features expected in homes of this caliber, it comes fully furnished and is newer than much of the Victorian-era housing in this historic mining town, says Glen Lester, a broker associate with Alpine Lodging & Real Estate.

Note: *Current owner's payment

Sources: Alpine Lodging & Real Estate, Prospect Realty, Telluride Properties

-- Ms. Kim is a senior editor at RealEstateJournal.com.

Email your comments to lauren.kim@dowjones.com.