Powderhorn sits on the side of the world's largest flattop mountain, the grand Mesa, allowing for views extending across the desert below.

In 1995, Powderhorn was sold to a local entrepreneur and the development of the Wildwood subdivision was begun.

In 2007, six miles (10 km) of mountain bike trails and an 18 hole disc golf course were added.

[4][5] Colorado ski resort mogul, Andy Daly, along with partners, Tom and Kent Gart, bought the resort for $1.4 million and immediately invested $800,000 (U.S.) into upgrades, including snowmaking machines, and rooms in the lodge.

[6] In June 2015, construction began on a new high-speed quad chairlift system, later named the Flat Top Flyer and other improvements.