Extensive southern exposure and located in the heart of the Telluride core. Steps from shopping, dining and 3.5 blocks to the Gondola. Four bedrooms, each with ensuite baths; impressive common areas for entertaining family & friends, generous secondary lounge/home theatre area. Enjoy great sun exposure and ski mountain views in core living areas. 2nd story deck offers expansive views and outdoor dining. This historic property was the former Telephone Exchange from 1903-1922 and has been beautifully transformed into a spectacular town residence. Elegant modern finishes include reclaimed oak flooring, white plastered walls and Waterworks tile and fixtures. Custom furniture package available for a truly turn-key home. Zoning allows for nightly rentals, if desired.