We built a second home in Telluride in 1985 and then sold our Mt. Helix home in ’92 (bottom of the market). Did a giant remodel in Durango using Helix and Telluride money and are mortgage free. With over $2 million dollars in accessed value, our property taxes are about $4500 a year and CO income tax is less than 5% of AGI.
BTW, we bail out of the Durango winters and spend 8 weeks in PB!
No bargains here as the median house price is almost $500,000. $750,000 will get you a nice condo over looking the Animas River.
