Land Report Top 10: Dana Ranch

Encompassing almost the entire Hound Creek Valley, Dana Ranch in Cascade, Montana is considered by many to be the finest combination cattle and recreational ranch in the Rocky Mountain West.

At 59,000± acres, this ranch features an incredibly rich environment that includes strong grasses and an amazing diversity of terrain and habitats. Supporting approximately 3,000 head of cattle, this ranch is also home to huge elk herds and substantial populations of mule deer, whitetail deer and antelope. Additionally, with over 18 miles of “Blue Ribbon” quality fisheries, this property includes extensive upland bird, water fowl, and pheasant habitat.

With only two distinguished owners in nearly 100 years and an unmatched record of profitability, Dana Ranch is true “Legacy Ranch.” According to broker Dave Johnson with Hall and Hall, Dana Ranch “combines the very best features of an outstanding operating ranch with the aesthetic qualities, wildlife and fisheries resources of a more recreationally oriented ranch.”

Dana Ranch is listed with Hall and Hall. For more information, contact Dave Johnson at (406) 587-3090 or davej@hallandhall.com.

Click here to see the full list of Land Report’s Top Ten leading land listings.

Land Report Top 10: Jackson Land and Cattle Ranch

Jackson Land and Cattle Ranch is a remarkably beautiful 1,750± acre ranch literally on the edge of the town of Jackson, Wyoming. Known as the premier resort community in the Rocky Mountain West, Jackson Land and Cattle Ranch takes full advantage of the most magnificent views for which the area is so famous. This is arguably Jackson’s most desirable ranch that remains essentially unencumbered by development restrictions.

This ranch is the finest offering available in arguably the nicest resort communities in the country. Its world-class cutting horse and cattle operation is situated in the most remarkable setting one could ever hope to find. Large productive hay meadows and pastures span the valley floor and give way to hills and mountains covered by large aspen groves and dense green timber slopes that provide exceptional habitat to the abundant wildlife. Three large trout-filled ponds have been developed close to the equestrian center and a beautiful spring creek meanders down through the valley. The backdrop is the famous Teton Range with its centerpiece, the Grand, in full view from the ranch.

Jackson Land and Cattle Ranch is listed with Hall and Hall. For more information, contact John Pierce at (307) 733-0989 or via email at pierce@hallandhall.com.

Click here to see the full list of Land Report’s Top Ten priciest properties.

On the Block: Oklahoma’s Bird Creek Ranch

UPDATE: Bird Creek Ranch sold as one parcel for $1.995 million ($1,304/acre) at public auction in Tulsa on May 23. The 1,530-acre holding was offered in 11 tracts ranging from 20 to 320 acres. More than 70 individuals attended the auction with 36 registering as bidders.

“The local real estate community seemed to be impressed with the outcome of the auction and many registered bidders expected the land to sell for under $1,000 per acre,” said Scott Shuman. “As a result of the auction we have now been asked to look at several other parcels of land for potential auctions. It was a great way to introduce the auction division of Hall and Hall.”

ORIGINAL POST: Hall and Hall Auctions will open the bidding on Bird Creek Ranch Monday afternoon, May 23, at one p.m (CST). The ranch’s 1,530± acres, which are located just minutes from downtown Tulsa, will be offered in 11 tracts ranging from 20 to 320 acres. All tracts have extensive frontage on paved Tulsa County roads. The southeast side of the property borders Bird Creek.

“Bird Creek is ideal for the investor seeking to increase his or her portfolio, or a local farm operator expanding an operation,” says Scott Shuman, who heads up Hall and Hall Auctions. “For the hunter or outdoor enthusiast, this property offers a tremendous opportunity.”

The multi-parcel method of sale will be used to allow ranchers, farmers, investors, hunters, and outdoor enthusiasts to bid on individual tracts or the combination of tracts that best suits their needs.

Scott Shuman
Hall and Hall
(800) 829-8747

 

On the Block: The Yellowstone Club’s 160-Acre Family Compound

Nestled in the heart of the world’s only private ski and golf community, the 160-acre Family Compound is without question the most unique offering ever presented in the history of the Yellowstone Club. The story of the property dates to the founding of the club itself when Tim and Edra Blixseth retained ownership of a 160-acre site inside its boundaries. The couple built two 2,240-square-foot, 3-bedroom residences that were to serve as guest homes for a main residence that was never constructed.

Situated at the end of a long, secluded driveway, each of the cabins features an open floor plan, vaulted ceilings, massive wood-burning fireplaces, and large floor-to-ceiling windows. Beautifully appointed bathrooms and well-designed kitchens round out the interiors, while an expansive outdoor living area creates an ideal setting for nights out beneath the Montana sky. Yellow Mule Creek runs year round through the property’s western boundary.

It is this acreage and improvements that are to be auctioned by Edra Blixseth’s bankruptcy estate pursuant to a court-approved bidding and auction process. CrossHarbor Capital Partners has tendered a stalking horse bid of $10,850,000, consisting of $850,000 in cash and $10 million in a credit bid against CrossHarbor’s lien on the Family Compound. Per the court’s order, the minimum required for qualified competing bids by third parties is $11.1 million. Deadline for submission of the $11.1 million is 4:30 p.m. Mountain Time on May 16. The receipt of qualified competing bid(s) will result in an open outcry auction to be held at 9:00 a.m. Mountain Time on May 20, 2011 at the offices of Datsopolous, MacDonald and Lind in Missoula, Montana.

Membership to The Yellowstone Club is not included as part of this offering. The buyer may apply to The Yellowstone Club for membership, however, membership is not guaranteed. Independent investigation is advised. Additional information about the auction and the rules governing competing bids will be made available upon request.

To obtain a due diligence package and schedule a private viewing of the Family Compound at Yellowstone Club, please contact:

Bill McDavid
Hall and Hall
406-542-3762
mcdavid@hallandhall.com

For Sale: Wilder on the Taylor

Wilder on the Taylor is an angling paradise and a preservation oriented 2,100± acre shared ranch community offering a total of 26 homesteads in the heart of the Colorado Rockies. Each homestead is 35 acres and features a one-acre building envelope. As private fly fishing water is increasingly difficult to procure, Wilder presents a rare and distinct opportunity to own an undivided interest in one of the best shared fishing properties in the Western United States.

Recognized as a preeminent trout fishery, the Taylor runs through the center of the ranch for nearly two miles. To further enhance this fishing experience, approximately 3± miles of newly constructed streams and seven lakes were created; promoting a completely different and equally challenging fly fishing adventure.

Direct access to almost 2 million acres of national forest and designated wilderness areas is accessible from virtually anywhere on the property. The site plan includes construction of a main lodge and additional guest amenities. Existing ranch improvements include ranch manager headquarters, livestock and equipment facilities. Four turn-of-the-century refurbished guest cabins, located a stones throw from the river, are available for immediate use.

Wilder supports numerous recreational activities, exceptional scenery, spectacular views, abundant wildlife, and is centrally located within minutes of Gunnison Regional Airport and a short drive to one of Colorado’s great ski towns, Crested Butte. Prices starting at $1.65 million. Jeff Buerger of Hall and Hall has the listing.

Jeff Buerger
Hall and Hall
jeff@hallandhall.com

Editor of The Land Report Discusses Rural Land Trends

Land Report Top Ten – March 2011

Here are America’s priciest properties for March. Dana Ranch, pictured here, is a landmark holding that has had just two owners in the last 95 years and is listed by Dave Johnson with Hall and Hall.

1. Rancho Dos Pueblos: $90 million
This impressive oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, California, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. The 2,000 northern acres are available separately for $19 million. Kerry Mormann & Associates has the listing.

2. Aspen Valley Ranch: $59 million
Billed as the largest ranch near Aspen in the Roaring Fork Valley, this ranch boasts senior water rights as well as over 800 acres and is located just 10 minutes from the Aspen airport. Joshua Saslove of Joshua & Co. has the listing.

3. Robert Taylor Ranch: $56 million
112 acres in Los Angeles’s tony Brentwood enclave. The expansive ranch house, which was designed by Robert Byrd, features 17 bedrooms and 17 bathrooms. Joyce Rey of Coldwell Banker Previews International has the listing.

4. 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 2,200 feet up the slopes of majestic Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

4. Rockpile Ranch: $55 million
At the Rockpile Ranch, the Old West and cutting-edge range management blend seamlessly. For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas has come on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 51 on the 2010 Land Report 100). James King of King Land and Water is the listing agent.

6. Flying Dog Ranch: $46 million
This Aspen landmark sits on 245 acres that include nearly a mile of Collins Creek and Woody Creek. In addition, the Flying Dog has a great neighbor: the White River National Forest, whose two million acres feature some of Colorado’s top fishing and hunting. Lynne Kirchner of Amoré Realty has the listing.

7. Dana Ranch: $45 million
Over the last 95 years, this landmark holding has had just two owners. The Dana Ranch has won numerous conservation awards. The ranch supports 3,000 animal units on 59,000 total acres (45,000 deeded plus 14,000 acres of captive State leased lands). The profitable cattle operation also boasts extraordinary wildlife and fishery resources. Listed by Dave Johnson with Hall and Hall.

8. Craig Ranch: $43 million
This 838-acre ranch sits 20 minutes from Aspen, offers stunning views of the Elk Range, and features one mile of frontage on both sides of Woody Creek. Co-marketed by Mason Morse Ranch Company and Mason Morse Real Estate’s Aspen office.

9. Villa Montana: $35 million
Piecing together 500 acres in California’s wine country is an achievement in itself, one that only a pro such as Joe Montana could pull off. Included on the Hall of Famer’s estate are an equestrian center, a full-sized basketball court, a working olive farm, and a 9,700-square-foot Tuscan-inspired residence. Avram Goldman of Pacific Union International has the listing.

10. Dallenbach Ranch: $29 million
130 deeded acres surrounded by BLM and Colorado Division of Wildlife with Frying Pan River Frontage, Dallenbach Ranch is close to Basalt and Aspen Colorado. The ranch boasts Gold Medal private fly fishing on the Frying Pan with exceptional Elk, Big Horn, Mule Deer and Black Bear hunting. Fay Ranches has the listing.

Land Report Top Ten – February 2011

From the Lone Star State to Hawaii and the Atlantic to the Pacific, here are America’s priciest properties, led by $90 million Rancho Dos Pueblos, pictured here, which is listed by Kerry Mormann.

1. Rancho Dos Pueblos: $90 million
This impressive oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, California, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. The 2,000 northern acres are available separately for $19 million. Kerry Mormann & Associates has the listing.

2. Aspen Valley Ranch: $59 million
Billed as the largest ranch near Aspen in the Roaring Fork Valley, this ranch boasts senior water rights as well as over 800 acres and is located just 10 minutes from the Aspen airport. Joshua Saslove of Joshua & Co. has the listing.

3. Robert Taylor Ranch: $56 million
112 acres in Los Angeles’s tony Brentwood enclave. The expansive ranch house, which was designed by Robert Byrd, features 17 bedrooms and 17 bathrooms. Joyce Rey of Coldwell Banker Previews International has the listing.

4. 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 2,200 feet up the slopes of majestic Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

4. Rockpile Ranch: $55 million
At the Rockpile Ranch, the Old West and cutting-edge range management blend seamlessly. For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas has come on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 51 on the 2010 Land Report 100). James King of King Land and Water is the listing agent.

6. Villa Montana: $49 million
Piecing together 500 acres in California’s wine country is an achievement in itself, one that only a pro such as Joe Montana could pull off. Included on the Hall of Famer’s estate are an equestrian center, a full-sized basketball court, a working olive farm, and a 9,700-square-foot Tuscan-inspired residence. Avram Goldman of Pacific Union International has the listing.

7. Flying Dog Ranch: $46 million
This Aspen landmark sits on 245 acres that include nearly a mile of Collins Creek and Woody Creek. In addition, the Flying Dog has a great neighbor: the White River National Forest, whose two million acres feature some of Colorado’s top fishing and hunting. Lynne Kirchner of Amoré Realty has the listing.

8. Dana Ranch: $45 million
Over the last 95 years, this landmark holding has had just two owners. The Dana Ranch has won numerous conservation awards. The ranch supports 3,000 animal units on 59,000 total acres (45,000 deeded plus 14,000 acres of captive State leased lands). The profitable cattle operation also boasts extraordinary wildlife and fishery resources. Listed by Dave Johnson with Hall and Hall.

8. Tyndal Point: $45 million
55 acres at the east end of Long Island feature 3,000 feet of shoreline views as well as several residences, a deepwater dock, and an orchard. Scott Strough of Strough Real Estate Associates shares the listing with Gary DePersia of The Corcoran Group.

10. Craig Ranch: $43 million
This 838-acre ranch sits 20 minutes from Aspen, offers stunning views of the Elk Range, and features one mile of frontage on both sides of Woody Creek. Co-marketed by Mason Morse Ranch Company and Mason Morse Real Estate’s Aspen office.

America’s Best Brokerages: Hall and Hall

Since 1946, Hall and Hall has done it all: mortgages, appraisals, and now auctions through offices in Montana, Wyoming, Idaho, Colorado, Texas, and Kansas. Its unique brokerage structure encourages a total team approach by sharing profits among all 17 partners when a sale closes. Chairman Doug Hall (left) and CEO Jim Taylor (right) believe this profit-sharing strategy is one of the many attributes that enables Hall and Hall to stand out in such a competitive market.

2010 Sales: > $100 Million

Market Observations: “The market for ranches with recreational and scenic overtones was very slow for the first half of 2010, but it seems to have picked up substantially in the last six months. This is particularly true at the high end of the market: properties priced from $10 million to $45 million,” says CEO Jim Taylor. “On the price front, sellers and buyers are more easily able to find common ground than what we have seen over the last couple of years. Sellers have accepted the new reality that prices are going to settle significantly below 2005 levels for some time to come. Buyers seem to be comfortable locking in their investments at that level, particularly on some of the legacy ranches,” Taylor adds.

2010 Standout: “Hall and Hall has always believed that investment quality rural land should be a recognized asset class for major investment portfolios. Clearly the rest of the world is beginning to come around to our way of thinking. It is fair to say that, unlike virtually every other asset class from stocks and bonds to rare art, rural real estate has suffered from lack of liquidity,” Taylor says. “It is our belief that we have reached a point where the auction process, which is used for every other class of investment asset, can be used successfully to render this asset class liquid. This is now possible because of advances in technology that allow bidders to view, analyze, and bid remotely. There is also a growing pool of potential bidders that include end users, individuals, hedge funds, pension funds, and private equity. “To that end, we are launching Hall and Hall Auctions. Scott Shuman, who ran auctions for Schrader/Westchester, has joined our partnership. His innovative and transparent methods will bring a higher level of liquidity to investment quality rural real estate and serve as a perfect complement to more traditional marketing methods,” he says.

Hall And Hall
www.hallhall.com
(406) 656-7500

For Sale: Hall & Hall Lists Montana’s N Bar Ranch

One of the most historic working ranches in the Rocky Mountain West is on the market. The 62,091-acre N Bar Ranch, whose chain of title includes Tom Cruse, Anton Holter, and Jack Milburn has been listed by Hall and Hall for $45 million, not including livestock and other personal property.

“The N Bar Ranch is a piece of Montana history complete with a profitable livestock operation and an outstanding wildlife component,” said Hall and Hall broker Joel Leadbetter. Ranging in elevation from 4,200 to 5,500 feet above sea level, the ranch is time-tested cattle country and is further blessed by abundant wildlife, including trophy elk, mule deer and whitetail, antelope, Hungarian pheasant, and sharptail and mountain grouse. Brown trout thrive in the 60 miles of Flatwillow Creek that wind through the property down from the Snow Mountains. ”We are thrilled to be representing such a phenomenal land holding,” Leadbetter adds.

Located approximately 90 miles north of Billings and 35 miles southeast of Lewiston, the N Bar is 62,091 total acres, including 51,409 deeded, 4,875 BLM leased, 1,920 Montana leased, and 3,887 privately leased.

Read more about the listing in Friday’s Wall Street Journal or visit the ranch’s website.