1,300-acre Mystic Hill Ranch sells for $7.65M
Steamboat Springs — The expansive but not widely known Mystic Hill Ranch southwest of Clark sold last week for $7.65 million.
The 1,300-acre ranch, which includes a 2,900-square-foot home and some other quality improvements, is located at the end of Routt County Road 56C, about 8 miles west of Routt County Road 129 and 20 miles from Steamboat Springs.
“It is one of those unusual places that few people have seen, and the buyers immediately appreciated the attributes of the ranch,” said Christy Belton, broker with Ranch Marketing Associates, who represented both buyer and seller in the sale.
The seller, who owned the property under Mystic Hill Ranch LLC, was preparing to list the property, when Belton connected them with an interested buyer.
“The buyers, who have been looking for a ranch for awhile, were able to come to an agreement with the sellers immediately after they visited the ranch,” Belton said.
The buyer was Mystic Canyon Ranch LLC, which is registered with a principal office address out of Skaneateles, New York. The address is the physical location of the Allyn Foundation, a separate philanthropic arm of Welch Allyn, a medical device company.
The property’s current use is active ranching, and the new buyers plan to continue with that use, Belton said.
Belton described the ranch as a “natural sanctuary.”
“From open grassy meadows to aspen groves that shade giant ferns to high mountain streams lined with tall pines, the ranch is loaded with wildlife,” Belton said.
Included in the sale were water rights, ponds, irrigated meadows, springs and some minerals. Miller Creek flows through the property.
A new barn with livestock working facilities and a hay shed are also on-site.
The property was originally homesteaded in the late 1800s, and remnants of two homesteads still remain on the ranch, Belton said.
“You can sit on the deck of the log home, look out to the craggy peaks of the Zirkels, along the Continental Divide, and witness much of the same landscape the original settlers witnessed over 100 years ago,” she said.
Belton said ranches with good location and understated but quality improvements are driving the current ranch market.
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