Always wanted our own cabin…
Colorado Ranch Sold for $46.5M — Highest Sale in U.S. This Year
By: Diane Tuman, Zillow Content Manager | April 28, 2010
In what is speculated to be the highest price paid for residential real estate this year, the Wall Street Journal reports the 3,100-acre Bootjack Ranch in Pagosa Springs, CO was recently sold for $46.5 million — down $21.5 million from a recent list price of $68 million and down $41.5 million from its original list price of $88 million two years ago.
The buyer is Dallas billionaire Kelcy Warren, listed as No. 289 on the Forbes 400 Richest Americans in 2009, who is chairman and CEO of Energy Transfer Partners — a company that operates natural gas pipelines.
Bootjack Ranch was among the Top 10 Most Expensive Homes for Sale on Zillow last December, so others on that list can take notice that the high-end market might be softening up, but at a severely discounted price.
Bootjack Ranch is located in the southern San Juan Mountains, and the vast grounds are filled with lush meadows, forests, lakes and streams — nicely framed by 13,000-foot peaks in all directions. It’s a sportsman’s paradise. Don’t let the rustic log, timber and stone structures fool you — this is top-of-the-line luxury with state-of-the-art lighting, satellite and music systems. In addition to the main residence (13,800 sq ft), there are multiple guest cabins, a separate lodge, offices and housing for more than 50 guests. Also, there’s no need to swim or cool off in any of the surrounding lakes or streams — you can just saunter over to the 12,000-square foot spa and aquatic center — a glass lodge with retractable roof — that contains an 82-foot long pool (see photo below).
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