The Town of Montezuma is a very small town located above Keystone. The town permanent population was 42 at the last U.S. census. Incorporated in 1881, the town was originally populated by miners coming over from nearby Georgetown. According to some sources, Montezuma is considered a ghost town but the small permanent resident population as well as second homeowners enjoy the beauty of this spectacular spot.

A former mining camp, the town has an elevation of 10,200 feet. Montezuma has some of the most popular backcountry skiing, biking, snowmobiling, snowshoeing, and hiking trails in Summit County and is listed as one of Colorado’s top scenic places in John Fielder’s Best of Colorado. The town still maintains a school house dating from the 1880s, which is listed on the State of Colorado Historical Site. There is a paved road to the town but once inside town limits, there are only gravel and dirt roads.