The Jackson Hole News & Guide reports that the largest ranch in Jackson Hole has sold after five years on the market. The 1,848-acre Walton Ranch, which sits in the shadow of the Grand Tetons on the Snake River, was assembled by Paul and Betty Walton beginning in 1958. Originally listed for $100 million, it was most recently priced at $39 million. Neither the final price nor the buyerâ€™s identity were revealed. Ron Morris of Ranch Marketing Associates listed the property in 2011; he attributed a strict conservation easement granted to the Jackson Hole Land Trust as an impediment. Only two building areas are permitted, and the only commercial activity is grazing cattle. No hunting of resident elk is allowed. â€œThat was part of the problem. If there hadnâ€™t been that easement on it, it would have sold a lot faster,â€ Morris told the News & Guide. Joel Leadbetter and Tim Murphy of Hall and Hall represented the buyer.
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