diff --git a/HISTORY.md b/HISTORY.md
index 563f64bb..830326c2 100644
--- a/HISTORY.md
+++ b/HISTORY.md
@@ -15,6 +15,7 @@
     - Changed `LocalClient` so that client instances using the default storage access the default local storage directory through the `get_default_storage_dir` rather than having an explicit reference to the path set at instantiation. This means that calling `get_default_storage_dir` will reset the local storage for all clients using the default local storage, whether the client has already been instantiated or is instantiated after resetting. This fixes unintuitive behavior where `reset_local_storage` did not reset local storage when using the default client. (Issue [#414](https://github.com/drivendataorg/cloudpathlib/issues/414))
     - Added a new `local_storage_dir` property to `LocalClient`. This will return the current local storage directory used by that client instance.
     by reference through the `get_default_ rather than with an explicit.
+- Refined the return type annotations for `CloudPath.open()` to match the behavior of `pathlib.Path.open()`. The method now returns specific types (`TextIOWrapper`, `FileIO`, `BufferedRandom`, `BufferedWriter`, `BufferedReader`, `BinaryIO`, `IO[Any]`) based on the provided `mode`, `buffering`, and `encoding` arguments. ([Issue #465](https://github.com/drivendataorg/cloudpathlib/issues/465), [PR #464](https://github.com/drivendataorg/cloudpathlib/pull/464))
 - Added Azure Data Lake Storage Gen2 support (Issue [#161](https://github.com/drivendataorg/cloudpathlib/issues/161), PR [#450](https://github.com/drivendataorg/cloudpathlib/pull/450)), thanks to [@M0dEx](https://github.com/M0dEx) for PR [#447](https://github.com/drivendataorg/cloudpathlib/pull/447) and PR [#449](https://github.com/drivendataorg/cloudpathlib/pull/449)
 
 ## v0.18.1 (2024-02-26)
diff --git a/cloudpathlib/cloudpath.py b/cloudpathlib/cloudpath.py
index d7bf391b..4aa895a6 100644
--- a/cloudpathlib/cloudpath.py
+++ b/cloudpathlib/cloudpath.py
@@ -2,6 +2,7 @@
 from collections import defaultdict
 import collections.abc
 from contextlib import contextmanager
+from io import BufferedRandom, BufferedReader, BufferedWriter, FileIO, TextIOWrapper
 import os
 from pathlib import (  # type: ignore
     Path,
@@ -14,6 +15,8 @@
 import shutil
 import sys
 from typing import (
+    BinaryIO,
+    Literal,
     overload,
     Any,
     Callable,
@@ -34,10 +37,20 @@
 from urllib.parse import urlparse
 from warnings import warn
 
+if TYPE_CHECKING:
+    from _typeshed import (
+        OpenBinaryMode,
+        OpenBinaryModeReading,
+        OpenBinaryModeUpdating,
+        OpenBinaryModeWriting,
+        OpenTextMode,
+    )
+
 if sys.version_info >= (3, 10):
     from typing import TypeGuard
 else:
     from typing_extensions import TypeGuard
+
 if sys.version_info >= (3, 11):
     from typing import Self
 else:
@@ -543,6 +556,90 @@ def walk(
             else:
                 raise
 
+    @overload
+    def open(
+        self,
+        mode: "OpenTextMode" = "r",
+        buffering: int = -1,
+        encoding: Optional[str] = None,
+        errors: Optional[str] = None,
+        newline: Optional[str] = None,
+        force_overwrite_from_cloud: Optional[bool] = None,
+        force_overwrite_to_cloud: Optional[bool] = None,
+    ) -> "TextIOWrapper": ...
+
+    @overload
+    def open(
+        self,
+        mode: "OpenBinaryMode",
+        buffering: Literal[0],
+        encoding: None = None,
+        errors: None = None,
+        newline: None = None,
+        force_overwrite_from_cloud: Optional[bool] = None,
+        force_overwrite_to_cloud: Optional[bool] = None,
+    ) -> "FileIO": ...
+
+    @overload
+    def open(
+        self,
+        mode: "OpenBinaryModeUpdating",
+        buffering: Literal[-1, 1] = -1,
+        encoding: None = None,
+        errors: None = None,
+        newline: None = None,
+        force_overwrite_from_cloud: Optional[bool] = None,
+        force_overwrite_to_cloud: Optional[bool] = None,
+    ) -> "BufferedRandom": ...
+
+    @overload
+    def open(
+        self,
+        mode: "OpenBinaryModeWriting",
+        buffering: Literal[-1, 1] = -1,
+        encoding: None = None,
+        errors: None = None,
+        newline: None = None,
+        force_overwrite_from_cloud: Optional[bool] = None,
+        force_overwrite_to_cloud: Optional[bool] = None,
+    ) -> "BufferedWriter": ...
+
+    @overload
+    def open(
+        self,
+        mode: "OpenBinaryModeReading",
+        buffering: Literal[-1, 1] = -1,
+        encoding: None = None,
+        errors: None = None,
+        newline: None = None,
+        force_overwrite_from_cloud: Optional[bool] = None,
+        force_overwrite_to_cloud: Optional[bool] = None,
+    ) -> "BufferedReader": ...
+
+    @overload
+    def open(
+        self,
+        mode: "OpenBinaryMode",
+        buffering: int = -1,
+        encoding: None = None,
+        errors: None = None,
+        newline: None = None,
+        force_overwrite_from_cloud: Optional[bool] = None,
+        force_overwrite_to_cloud: Optional[bool] = None,
+    ) -> "BinaryIO": ...
+
+    @overload
+    def open(
+        self,
+        mode: str,
+        buffering: int = -1,
+        encoding: Optional[str] = None,
+        errors: Optional[str] = None,
+        newline: Optional[str] = None,
+        force_overwrite_from_cloud: Optional[bool] = None,
+        force_overwrite_to_cloud: Optional[bool] = None,
+    ) -> "IO[Any]": ...
+
     def open(
         self,
         mode: str = "r",
@@ -552,7 +649,7 @@ def open(
         newline: Optional[str] = None,
         force_overwrite_from_cloud: Optional[bool] = None,  # extra kwarg not in pathlib
         force_overwrite_to_cloud: Optional[bool] = None,  # extra kwarg not in pathlib
-    ) -> IO[Any]:
+    ) -> "IO[Any]":
         # if trying to call open on a directory that exists
         if self.exists() and not self.is_file():
             raise CloudPathIsADirectoryError(