Elk River Ranch among highest listed properties in Routt County at $19.5 million
Steamboat Springs — One of Routt County’s most expensive property listings, the roughly 801-acre Elk River Ranch in North Routt, is now being offered in three new parcel configurations in hopes of attracting buyers.
Co-listed by Steamboat Sotheby’s International Realty broker Pam Vanatta and Hall and Hall partner Brian Smith, the property on Routt County Road 54 about 10 miles from Steamboat Springs, originally went on the market for $22 million last year.
The price for the full ranch has now been reduced to $19.5 million, or buyers could purchase separate areas of the ranch for $16 million, $3 million and $1.5 million.
Vanatta said the owners John Q. and Pat Adams, of Elk River Ranch LLLP, would also consider other property configurations.
“What we wanted to do is give a buyer options,” Vanatta said.
The property is unique because it includes both sides of a 1.5-mile stretch of the Elk River and no part of the 801 acres is under a conservation easement, meaning development isn’t out of the question.
Smith said the property might be the longest stretch of the Elk River owned on both sides and not encumbered by an easement.
“It’s pretty unique from that standpoint,” Smith said
Current improvements on the property are in two locations and include the main headquarters and guest facilities set near hay meadows and a separate owner’s compound along the river.
The 7,900-square-foot owner’s home, horse barn and caretaker’s unit, along with all the riverfront property on 350 acres, is grouped together in the proposed $16 million listing, while the 3,500-square-foot ranch guest residence, 1,700-square-foot manager’s house, more equestrian facilities and a one-of-a-kind saloon building on 105 acres are part of the proposed $3 million listing.
The remaining 345 acres of agricultural land, which could be used for grazing, is also offered separately for $1.5 million.
“There are a lot of different opportunities,” Vanatta said.
Unlike many Elk River estates, the main home is situated about a mile from the traffic of Highway 129, making it private and tucked away, Smith said.
“You really have your own private enclave,” Smith said.
Vanatta, who is also the listing agent for The River House, a 7,500-square-foot home on 137 acres of riverfront property, said most of the Elk River is privately owned, and riverfront properties are limited.
“It’s a rare opportunity. When they sell, they’re gone,” Vanatta said.
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