Sold! Boot Jack Ranch Goes for $47 Million

One of the country’s premier listings, Colorado’s Boot Jack Ranch, sold earlier this month for $47 million. Originally listed at $88 million more than two years ago, the price had been subsequently lowered to $68 million. The Pagosa Sun reports a sales price of $47 million, a reduction of almost 50 percent off the original asking price.

David and Carol Brown were the sellers. According to listing broker Bill Fandel of Peaks Real Estate Sotheby’s International Realty in Telluride, the buyer is a Colorado L.L.C. owned by a high net worth individual who plans to keep the Boot Jack intact and not develop it. “We hoped that the buyer would be an end user who would really want to preserve that valley. That’s definitely the case,” says Fandel.

Set at a base elevation of almost 8,000 feet about sea level, the Boot Jack features unmatched views of the San Juan Mountains, world class fly-fishing, and numerous improvements. The 3,151-acre tract is surrounded on three sides by the San Juan National Forest and Weminuche Wilderness and includes seven miles of the West Fork of the San Juan River and Wolf Creek. Two existing conservation easements total 1,322± acres. Six lakes and several ponds all connect to the San Juan. The main residence is a four-bedroom 13,825-square-foot sanctuary with countless amenities, including a library, two private offices, seven fireplaces, and a 1,500-bottle wine cellar. Four additional log cabins accommodate up to 18 guests. Structures on the ranch total 77,200 square feet.

One of the most important assets of the Boot Jack are its senior water rights of 103± CFS, which would yield approximately 70 million gallons per day when fully utilized. At present, 1,162 acres of pasture are irrigated. The ranch enjoys 200 inches of snowfall annually and is situated in close proximity to Wolf Creek Ski Area via U.S 160. Plentiful wildlife roam the ranch, including bear, elk, deer, and turkey; approximately 800 head cattle are pastured each summer.

“There’s a lot of listings out there but only a few truly remarkable pieces of property come on the market,” says Fandel. “The Boot Jack was one of them.”

Read the Pagosa Sun report HERE.

For Sale: Santa Barbara’s Majestic Royal Rancho

In a day and age when private beachfront property is virtually non-existent in California, one of the state’s most historic ranches is on the market for the first time in decades. One of the last large tracts along the Gaviota Coast, the Royal Rancho descends from the Santa Ynez Mountains to the Pacific Ocean. On its 2,200 acres can be found 15 homes, including the elegant five-bedroom Casa Grande.

The rancho’s storied past dates back to 1542 when Juan Rodriguez Cabrillo captained two ships to the shores of Rancho Dos Pueblos just 50 years after Columbus discovered the New World. Ranch owners include financier John H. Williams, oil baron Herbert G. Wylie, and Samuel Mosher of the Signal Oil and Gas Company, a meticulous steward who transformed the ranch into a world-class showpiece and welcomed President Harry Truman as well as Hollywood luminaries such as Hal Roach and Walter Pidgeon.

After Mosher’s death, the property sold to German-born Rudolf “Rudi” Schulte, who converted Rancho Dos Pueblos into a private family compound, planting groves of avocado, cherimoya, and macadamia trees among the ranch’s rolling hills, grassy meadows, and trout-filled streams.

“This is more like selling art than real estate,” said Kerry Mormann, the Santa Barbara broker who has the listing. Mormann has brokered numerous trophy properties in Santa Barbara County, including the historic Cojo/Jalama Ranch in 2006, which listed for $155 million and ranks as the largest non-commercial real estate transaction in California history. Says Mormann, “We are looking for a lifestyle buyer, someone who understands the magnificence of the property and how rare coastal real estate like this is.” - Lindsay Taub

See more about Rancho Dos Pueblos HERE.

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