Two ''stacked'' southern end units at the Telluride Lodge just 150 yards from Chair 7 of the Ski Area and 150 feet from the San Miguel River & River Trail. The two units are serviceable as they are today, but in the long run executing an HOA approved full expansion/remodel that will double existing livable square footage is the highest and best use. Architectural plans are included to transform 539/540 into two brand new 3-bedroom units that can be used or rented together or independently. Upon completion of this expansion project the lower unit (539) would have 3 bedrooms / 3.5 baths and a 10' x 10' deck that goes down to grassy open space. The upper unit (540) would have 3 bedrooms / 2.5 baths with top corner Box Canyon and Ski Area views. Strong short-term rental potential.