Land Report Top Ten: March 2013

From the Pacific to the Northeast, here are America’s priciest properties, led by Walton Ranch in Wyoming, which is listed with Ranch Marketing Associates for $100 million.

1. Walton Ranch: $100 million

This 1,848-acre working cattle ranch was pieced together by the Walton family beginning in 1958. The family placed the ranch under conservation easement in 1983. Billy Long and Ron Morris of Ranch Marketing Associates have the listing.

2. Big Homer’s Pond: $92 million

Located in the town of West Tisbury on Martha’s Vineyard, Big Homer’s Pond is comprised of 266 acres and includes ownership of all developable waterfront, exclusive rights for building on Big Homer’s Pond, and exclusive rights to private oceanfront lying to the east of Long Point Wildlife Refuge. Wallace & Co. Sotheby’s International Realty has the listing.

3. Broken O Ranch (Texas): $81 million

Located in Boerne, Texas, the historic Broken O Ranch is one of Texas’ finest ranches on the market today. Featuring breathtaking views that only the Texas Hill Country has to offer, this ranch is also home to an array of wildlife. Trip duPerier with duPerier Texas Land Man, LLC has the listing.

4. Ranch Dos Pueblos: $79 million

This oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. Kerry Mormann & Associates has the listing.

5. Four Peaks Ranch: $75 million

Nestled in the Rocky Mountains, just outside Aspen, Four Peaks Ranch (pictured above) presents a rare opportunity to own a quintessential mountain paradise. Totaling 876 acres, the 18,000 sq. ft. home on this property features unparalleled views of Mt. Sopris, Mt. Daly, Capital Peak and Snowmas. Joshua & Co. has the listing.

6. Dillingham Ranch: $65 million

Located in Mokuleia, on the North Shore of Oahu, Hawaii, this historic 2,700 acre estate offers all of the charms and essence of Hawaii, from white sandy beaches to mountain terrain and acres of open green space scattered with coconut trees, monkey pods, and rare plant species indigenous to Hawaii. Zackary Wright with Christie’s International Real Estate has the listing.

6. Sagg Pond Estate: $65 million
Located in one of the Hamptons’ most exclusive enclaves on the banks of the tranquil Sagg Pond, this 33-acre waterfront estate is bordered by dozens of acres of protected land, ensuring privacy and pristine conditions for generations to come. Debbie Loeffler of the Corcoran Group has the listing.

8. Big Creek Ranch: $59.9 million

Only eight miles from Steamboat Springs, 5,034-acre Big Creek Ranch offers rainbow and brook trout fishing along five miles of Big Creek as well as a half-mile of the Elk River. National forest borders 85 percent of the property, offering easy access to an additional 150,000 acres of pristine wilderness, including world-class trout fishing and hunting for elk and mule deer. A mix of forest and meadows provides ideal wildlife habitat and summer pasturage. Listed by Ron Morris and Billy Long of Ranch Marketing Associates.

9. Rosenthal: The Malibu Estate & Vineyard: $59.5 million

Situated 1,400 feet above the coastal fog and four miles from the beach, Rosenthal: The Malibu Estate & Vineyard offers a rare, private wine country lifestyle. Featuring a fully operational vineyard and winery, this Malibu Estate is one of the most sought after properties on the market today. Listed with Kerry Mormann & Associates.

10. Rockpile Ranch: $54.5 million

For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas is on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 39 on the 2012 Land Report 100). James King of King Land and Water is the listing agent.

Click here to download a copy of the March 2013 newsletter.

Land Report Top Ten: August 2012

From the Pacific to the Northeast, here are America’s priciest properties, led by $132.5 million Broken O Ranch in Montana, which is listed with Bates Sanders Swan Land Company. New to the list is a 33-acre Sagg Pond Estate in Sagaponack South (pictured above).

1. Broken O Ranch (Montana): $132.5 million

At 123,000 acres, this ranch has been in the making for the past 20 years. With its expansive cattle and farming operation, this ranch currently carries 3,500 mother cows plus 800 replacement heifers and 200 range bulls. The Broken O Ranch also contains Montana’s largest block of irrigated land, approximately 13,000 acres, and has historically averaged 25,000 tons of alfalfa hay and 700,000 bushels of small grain crops annually. Mike Swan of Bates Sanders Swan Land Company has the listing.

2. Walton Ranch: $100 million

This 1,848-acre working cattle ranch was pieced together by the Walton family beginning in 1958. The family placed the ranch under conservation easement in 1983. Billy Long and Ron Morris of Ranch Marketing Associates have the listing.

3. Broken O Ranch (Texas): $81 million

Located in Boerne, Texas, the historic Broken O Ranch is one of Texas’ finest ranches on the market today. Featuring breathtaking views that only the Texas Hill Country has to offer, this ranch is also home to an array of wildlife. Trip duPerier with duPerier Texas Land Man, LLC has the listing.

4. Ranch Dos Pueblos: $79 million

This oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. Kerry Mormann & Associates has the listing.

5. Dillingham Ranch: $65 million

Located in Mokuleia, on the North Shore of Oahu, Hawaii, this historic 2,700 acre estate offers all of the charms and essence of Hawaii, from white sandy beaches to mountain terrain and acres of open green space scattered with coconut trees, monkey pods, and rare plant species indigenous to Hawaii. Zackary Wright with Christie’s International Real Estate has the listing.

5. Sagg Pond Estate: $65 million
Located in one of the Hamptons’ most exclusive enclaves on the banks of the tranquil Sagg Pond, this 33-acre waterfront estate is bordered by dozens of acres of protected land, ensuring privacy and pristine conditions for generations to come. Debbie Loeffler of the Corcoran Group has the listing.

7. Big Creek Ranch: $59.9 million

Only eight miles from Steamboat Springs, 5,034-acre Big Creek Ranch offers rainbow and brook trout fishing along five miles of Big Creek as well as a half-mile of the Elk River. National forest borders 85 percent of the property, offering easy access to an additional 150,000 acres of pristine wilderness, including world-class trout fishing and hunting for elk and mule deer. A mix of forest and meadows provides ideal wildlife habitat and summer pasturage. Listed by Ron Morris and Billy Long of Ranch Marketing Associates.

8. Swain’s Neck: $59 million

Spread out on almost 70 acres, Swain’s Neck is an exclusive waterfront estate on Nantucket Island. Featuring spectacular, unobstructed 180-degree views of Polpis Harbor, this property includes a sprawling main residence which embraces the magnificent views, a charming guest cottage, a private studio/office, a boathouse, a gatehouse with apartment, several fenced-in pastures, a sport court and meticulously manicured grounds and gardens. Listed with Gary Winn with Maury People Sotheby’s International Realty.

9. Hana Ranch: $55 million

This 4,500-acre working ranch on eastern Maui surrounds the town of Hana. The property boasts two miles of Pacific oceanfront and rises over 2,200 feet up the slopes of Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

10. Rockpile Ranch: $54.5 million

For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas is on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 41 on the 2011 Land Report 100). James King of King Land and Water is the listing agent.

Photo Credit: Corcoran

Click here to download a copy of the August 2012 newsletter.

Our Holiday Gift to You: The Story of Taylor’s Trees

Most everyone who knew Taylor Emmons marveled at his athletic abilities, sense of sportsmanship, love of the outdoors, and his empathetic nature. His untimely passing was felt by thousands, as evidenced by the capacity crowd at his celebration of life service. Thanks to his purpose-driven father, a ton of collective effort, and some foresight from Taylor himself, the passions that marked this great kid’s life will be perpetuated through the Taylor Emmons Scholarship Fund and Taylor’s Trees. At the heart of these dual philanthropic tributes is a rich parcel of Maine timberland.

This whole process started before Taylor died, and it just kind of dovetailed into his legacy,” says his father, Mike Emmons. Some seven years ago, the family moved from Maine to Sarasota so that Taylor’s older brother, Mikey, could develop his baseball skills at the world renowned IMG Academy. Taylor was enrolled at The Out-of-Door Academy (ODA), and he flourished at the college prep school. The National Honor Society member was captain of the golf team, co-captain of the baseball team, and named Homecoming King by his schoolmates. “He loved The Out-of-Door Academy,” says his dad. “He did well academically, did very well in sports, and was just a very popular kid.”

Taylor graduated from ODA and was a University of Miami sophomore when he was fatally struck by an SUV near the Coral Gables campus in December 2010. He was 19.

“The thing about Taylor — and it’s easy for me to say because I was his dad — but you talk to anybody and they’ll tell you that even though he was a really good looking kid and a good athlete, he treated everybody the same. He liked everybody, and everybody liked him. I don’t know what the final number was, but when he died, the funeral home had never seen a crowd that big.”

Emmons, a 30-year veteran of the land game, got his start with Harry Patten in 1980 (see Land Report Summer 2009). He also pursued investments on his own. A few years ago, he came across the parcel of timberland from which Taylor’s Trees would evolve.

“I had an acquisitions guy who was out looking for property,” Emmons recalls. “I had moved to Florida and went up to Maine for a week to Sugarloaf to go skiing, and he said, ‘Mike, I think you ought to come take a look at this piece of property. It seems like a pretty good deal.’

“So I skipped a day of skiing and went and looked at this piece of property in Maine. It was a great deal, and I bought it. It was 9,000 acres. It didn’t really have any timber value. About 2,000 acres had been put into a conservation easement to protect the two streams. I took the other 7,000 acres and subdivided it into some 500-acre tracts and just never got around to selling it. The more time I spent up there, the more I fell in love with the place. The idea of owning 7,000 acres and growing timber on it and passing it on to my kids started appealing to me. So I decided not to sell it,” he says.

During his junior year, Taylor had participated in an Out-of-Door Academy program in which the school’s students stuffed backpacks with basic school necessities for kids without the means to buy them themselves. The experience was an eye-opener, and the teen expressed concern about the thousands of homeless kids in otherwise affluent Sarasota.

“Taylor said, ‘there seems to me there’s something we ought to be able to do,’” recalls his dad. “It really bothered him.” The thought stuck with Mike as well:

“I got to thinking about it from time to time, and then one day I got a call from Josh Rhodes, who hunts bear on our property in Maine. Josh says, ‘do you mind if my wife goes tipping on your property?’ I said, ‘Under one condition. You’ve got to send me a wreath.’ So two weeks later, I get this absolutely beautiful wreath from the clippings off my property, and it smells just like Maine. I got to thinking that maybe we could grow some Christmas trees and ship them down here and the kids from the academy, in conjunction with the underprivileged kids, could sell them [as a fundraiser].” After factoring in the logistics of clearing the land, planting 1,000 trees per acre, and shipping the harvested ones from Maine to Florida, Emmons realized it could be more than a moneymaker. As Taylor had hoped, it could be a great way to help others.

While the first crop of trees grew in, wreath sales would provide a little cash flow. At the same time they would help develop a customer base.

“Originally my thought was to raise money for the school as well as the disadvantaged kids,” he says.

Emmons and David Mahler, headmaster at ODA, held a series of meetings to discuss the project. Mahler was intrigued with the idea and encouraged Emmons to pursue it. “We talked about it before Taylor’s passing, the idea of using some of the proceeds from the tree farm to help these kids,” says Mahler. Today, Emmons’s long-term goal is to create a place in Maine where students from ODA and underprivileged kids from Sarasota can experience the great outdoors while hunting, fishing, pulling lobster traps, and, of course, planting trees.

“It takes about six years for a planted pine to become marketable,” Emmons says. “My daughter, Samantha, was moving from the Lower School to the Upper School, and I said, ‘wouldn’t that be cool if the kids who were in sixth grade actually participated in planting the trees, then six years later, when they’re harvested, they’re actually selling the trees that they helped plant six years before?’”

As summer 2010 got underway, Emmons’s crew cleared the land and planted the first 4,000 trees. Six months later, Taylor’s life was tragically cut short. In lieu of flowers or other tokens of sympathy, the family established the Taylor William Emmons Scholarship Fund and asked for donations in Taylor’s name.

“We’ve received over $136,000 in donations from family, friends, and people we didn’t even know,” Emmons says. “The outpouring was just incredible. To this day the money still pours in.”

In keeping with the legacy, the memorial foundation has partnered with All Faiths Food Bank to sell handmade wreaths from Taylor’s Trees in Maine. All proceeds from the sale of the 22-inch double-sided wreaths will go to the Taylor William Emmons Scholarship Fund and the corresponding backpack program, which feeds hungry children through the food bank.

This past June, the ODA’s baseball field was dedicated in Taylor’s honor. Topping off the ceremony was the announcement of Desmond Lindsay as the first recipient of a Taylor William Emmons Scholarship.

“Desmond possesses a lot of Taylor’s qualities. We have no doubt … he is going to carry on his name perfectly,” says Taylor’s mom, Katie.

“What I want is that every year a kid gets to go to the academy because of Taylor,” Mike Emmons says. “I want to have four kids in the school on scholarship in Taylor’s name. One in every class.” To that end, Emmons has set a goal to generate $1 million so that the scholarship fund can be self-sustaining.

Says David Mahler, “Taylor was a great kid: a strong student, an exceptional athlete, fun-loving, friendly, and outgoing. The Taylor Emmons Scholarship Fund is an incredible way to maintain Taylor’s legacy. It’s really a testament to Mike and Katie and the strength of the Emmons family that in a time of such sorrow and sadness, they’ve decided to changes lives for the better. This scholarship will change innumerable lives going forward.”

The Emmons family also has a living, breathing memento of Taylor’s big-heartedness. Through a Facebook connection, Taylor rescued a dog while in college. When he brought Bella home for Thanksgiving, Mike insisted that Taylor take her to the local shelter in Bradenton. His message was a simple one: college is no place to raise a pet.

The day after Taylor’s tragic accident, his older brother, Mikey, rallied the family to call the shelter and get Bella back. Though she had already been adopted, the shelter understood the family’s circumstances, and made the necessary arrangements for Bella to come home. Another timeless reminder of this wonderful life. — Nancy Myers

To place a wreath order, log on to www.temmons.org. To learn more about the Taylor Emmons Scholarship Fund, call Executive Director Sandy Albano at (941) 915-9249 or send her an email at salbano@temmons.org.

Vistas: Maine’s Chadbourne Tree Farms

Selected from what is undeniably one the finest White pine ownerships in the Northeast, Chadbourne Tree Farms is a 2,470-acre portfolio located in Western Maine near Bethel. The property consists of six tracts ranging in size from 111 to 687 acres, all well-stocked with timber. Collectively, it boasts an impressive 17,407 MBF of saw timber, more than half of which is white pine.

Total stocking averages 29 cords per forested acre, with over 40% of the sawtimber volume in trees 18” DBH and larger. In addition to its superb timber resource, the portfolio includes nearly three and a half miles of water frontage, most notably a mile and a half stretch along a pristine 155-acre cold water trout pond. This superior timberland investment opportunity is poised for strong performance well into the future.

$5.9 million
www.landvest.com

36 – Cassidy Heirs – 212,985 acres

If it’s in Maine and it’s a large landholding, it’s got to be timber. (That’s why they nicknamed it the Pine Tree State.) That’s definitely the case with family-owned Cassidy Timberlands, which owns 200,000-plus acres in various locales. Almost all is used primarily for timber harvesting.

87 – Milliken Family – 101,000 acres

The family-owned Baskahegan Company, founded in 1920 and headed by Roger Milliken Jr., holds 101,000 acres of forestland located mainly in the northern part of Maine’s Washington County. In 2004, the Forest Stewardship Council certified Baskahegan’s property, and Milliken himself serves on the board of The Nature Conservancy in Maine.

97 – Dunn Family – 92,000 acres

The Dunn family’s Maine timber holdings have been divvied up among several dozen heirs.

10 – Huber Family – 600,000 acres

Started in 1883 by Joseph Maria Huber, the New Jersey-based J.M. Huber Corporation has grown from a small dry-colors business into a multinational, industrially diverse company. But evenwith all this growth, at least one thing hasn’t changed: The Huber family is still minding the store, and the corporation is one of the largest family-owned businesses in the country. The land holdings of Huber’s natural resources division include 600,000 acres across the country. The company has timberland in Maine, Oklahoma, and the Southeast, and its oil and gas properties can be found in Texas, Colorado, Wyoming, Kansas, and Utah.

7 – Pingree Heirs – 850,000 acres

David Pingree was a forward-thinking man. In 1820, the Massachusetts shipping magnate began buying vast tracts of timberland in what was then the newest state in the Union–Maine. Pingree believed that the heyday of the New England shipping boom had come and gone, and was he ever right. In 2001, his 5th-, 6th-, and 7th-generation heirs showed similar foresight when they sold the largest conservation easement in U.S. history, a record-setting 762,192 acres. The family’s Seven Islands Land Co. continues to run timber operations on these holdings, which are certified as an American Tree Farm by the Forest Stewardship Council and the Sustainable Forestry Initiative.

4 – Irving Family – 1.2 million acres

From newspapers to gas stations, the Irving clan has its hands in a sprawling amount of business. And 1.2 million of the Canadian family’s more than 3 million acres are in the northeastern United States. J.D. Irving, Limited, the family’s forestry business, can trace its beginnings to a single sawmill that opened in 1882, but JDI’s business ventures now include everything from shipbuilding to home-improvement stores to frozen-potato products. And as if that weren’t enough, there’s also Irving Oil, the family’s other major business operation. Irving employs more than 7,000 workers, owns more than 800 retail locations, and runs Canada’s largest refinery. And the place is so expansive that employees ride bicycles to travel inside the refinery. Not bad for a company that started in a small garage in 1924.

Growth, growth, and more growth seems to be the business model that the Irvings have followed. Now run by brothers James, Arthur, and John, the Irving empire has become increasingly dominating, and the rather secretive family has been able to take vertical integration to a whole new level. With such diverse industries in their portfolios, the Irving companies (all privately owned) can use the services and products of other Irving companies, ensuring that profits stay within the family.

With more than a century in business, the Irvings have dealt with their share of controversy: environmental criticisms, accusations of political patronage, and media monopolization complaints, to name a few. But guilty or not, one thing is for sure: There’s no slowing these guys down.