Published:
Views: 4673

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

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.

San Jose developer David Brown, who is credited with building Silicon Valley’s Golden Triangle, and his wife 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.

According to the Pagosa Sun, the buyer was BootJack Ranch, LLC, a Colorado LLC with a legal address in Dallas, Texas. Kelcy Warren is listed as manager for BootJack Ranch, LLC in property sale documents. Warren serves as chief executive officer and chairman of the board of directors of Energy Transfer Partners, L. P., a Texas-based energy company with pipelines in six states.

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.

Tagged with: , , , , , , , ,
Posted in Cattle, Conservation, Developers, Eric OKeefe, Feature, Land Report Top 10, News Desk, Public Land, Recreation, Regional News, Topics, West

One comment on “Sold! Boot Jack Ranch Goes for $47 Million

  1. We’ve worked in that exact neighborhood with the “father” of modern hydrology at the foot of Wolf Creek Pass. It’s an out of the way part of Colorado that has avoided the hype and crowds. The area has excellent water quality that only needs to be tweaked nutritionally in order to grow great fish.

    Wolf Creek Ski Area is also a semi secret small ski area with the best powder in Colorado.

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

Latest Tweets

News By Region

The Land Report | 2017 America's Best Brokerages
The Land Report is proudly partnered with:
Land Leader
Hall and Hall
Bates Land Consortium
Mossy Oak Properties
United Country Real Estate
Live Water Properties
Fay Ranches Inc.
Mirr Ranch Group
Whitetail Properties
Western Ranches
TerraStone Land Company
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast

Before you go, how about signing up for
eNews & Updates
from The LandReport.com?

x

Join the official LinkedIn Group for
The Magazine of the American Landowner
and expand your networking opportunities.

Land Report LinkedIn

I'll join later, take me to The Land Report homepage

x