Perry Ranch sells for $13.5 million
Sellers have family ties to arts camp
July 29, 2007
Steamboat Springs — A historic 471-acre ranch with family ties to Perry-Mansfield Performing Arts Camp near Steamboat Springs has sold for a little more than $13.5 million.
The Perry Ranch is north of the city limits and west of Routt County Road 36, which runs down the middle of Strawberry Park. The ranch spans a secluded valley just north of the city. It’s a place that only a relative handful of Steamboat residents have set foot on, although the historic owners have taken a neighborly approach to granting permission for people to walk and horseback ride in the area.
The sellers are 35 descendants of the late Marjorie Perry, co-founder of Perry Mansfield. The buyer is Perry Preservation Group registered with the state by Craig Falwell.
The business entity is reported to include three local people together with outside investors. The listing Realtor was Nick Metzler, a broker owner at Colorado Group Realty. The selling agent was Norbert Turek of Elk River Realty.
“It includes everything from Perry-Mansfield north to the bridge over Soda Creek and up to Copper Ridge,” Turek said.
The site is in Routt County and is zoned for “ag forestry” he said. Access to the site, sometimes referred to as Deer Park or Deer Valley, exists, but is limited.
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Turek emphasized he is unaware of what plans his clients might have and cannot speak for them.
“It would make an amazing site for one single family home,” Turek said. “My guess is that’s not how it would end up.”
Metzler said the extended members of the Perry family, including matriarch Ruth “Ditty” Perry, adult children and a number of grandchildren, share a sense of responsibility for the stewardship of the land and at least some of them were concerned about their ongoing ability to provide that stewardship.
Metzler said he has seen few pieces of rural property that rival the Perry Ranch for rural building lots.
“I’ve never seen something laid out so nicely for home sites in terms of proximity to town, views, sun, and privacy,” Metzler said. “It’s ideal for privacy both in terms of neighbors inside the property and for people outside. There are small ridges and there is tree cover. There are nooks and crannies that are very accessible.”
Metzler signed a listing contract on the ranch in late April and kept it to himself for about three weeks while he researched a marketing plan, but the listing never made it to the Steamboat Springs Multiple Listing Service. He began notifying neighbors in Strawberry Park that the land would be available for purchase.
“I began contacting adjoining neighbors somewhat in hopes there would be someone,” who would be interested in the acquisition, Metzler said. “I discussed the property with numerous owners in Strawberry Park. The word leaked out and Norbert was right there.”
Both Realtors agreed access to the site is potentially problematic. There is historic access through the arts camp, but with the caveat that they cannot speak for the new owners, both expressed doubt the buyers would deem that the ideal option.
Metzler said he arrived at the asking price by looking at other comparable purchase of rural land. Noting other sales were in the range of $21,000 to $22,000 per acre, he adjusted for proximity to town, views, limited access and other factors and listed the ranch at $29,500 per acre. That’s the price it sold for, he said.
Metzler said he enjoyed getting to know the members of the Perry family, many of whom continue to live in Colorado.
“This is a high profile property and has a history of people who are well-connected to Steamboat,” he said. “Some of them live in the Carbondale/Aspen Valley where homes are expensive. What a nice shot in the arm they just got from grandma and grandpa doing some long-term planning.”