Caribou Ranch includes several buildings, including the primary residence, two horse barns, two equipment buildings, five guest cabins, and a six-room lodge with a gathering space. (Courtesy Hall and Hall)
A ranch near Nederland, known as Caribou Ranch and linked to Walmart’s Walton family, was removed from the market this month after being listed for $48.5 million in August 2024.
The 1,700-acre property, purchased for $32.5 million in 2014, includes a recording studio that drew famous artists such as Elton John, Michael Jackson, and Stevie Wonder.
Indian Peaks Holdings LLC purchased the property off Peak to Peak Highway from music producer Jim Guercio. He bought more than 4,000 acres in 1971 and turned the property into a recording retreat.
After the recording studio was damaged in a fire, Guercio sold about half the land to Boulder County and the city of Boulder.
When Indian Peaks registered with the Colorado Secretary of State’s Office, it initially used the same Arkansas mailing address as Walton Enterprises and other businesses and nonprofits associated with the Walton family. A later update to the registration documents removed the Arkansas address.
Listing agent Jeff Buerger with Denver’s Hall and Hall wouldn’t confirm the property owner’s identity but said after testing the market, the owner decided to keep Caribou Ranch and make improvements.
He said that whenever the owner decides to relist the property, it would remain an attractive investment opportunity in a highly developed area. The ranch is a 10-minute drive to Eldora Mountain Resort and a 30-minute drive to Rocky Mountain National Park.
Ranch properties remain a prized asset during times of economic and geopolitical upheaval, Buerger said.
“It’s consistent,” he said. “If you invest in a ranch, its value lies in its rarity and inability to be reproduced.”
Caribou Ranch includes assorted water rights, several streams, and four trout ponds. North Boulder Creek, Delonde Creek, Fisher Creek, and Como Creek flow year-round through the ranch. (Courtesy Hall and Hall)
Hall and Hall, which lists ranches in the U.S., Canada, and Costa Rica, is poised for a record sales year.
That’s in part due to two large ranch sales in New Mexico.
The 500,000-acre Great Western Ranch, which was listed for $115 million despite having no home on it, sold in August. The family behind D.R. Horton, the homebuilding giant in the Dallas-Fort Worth area, sold the ranch. The buyer and sale price were not publicly revealed.
The nearly 110,000-acre Atarque Ranch, listed for $68.5 million, is set to close in November. The property is bigger than Denver. It hit the market for the first time in 45 years and has a modest 2,700-square-foot main home.
Buerger is also the listing agent for the $68 million Homewood Ranch near Telluride. The 2,000-acre property has been owned by the same family since 1949 and includes a 2,000-square-foot cabin built in the 1970s.
Caribou Ranch includes several buildings, including the primary residence, two horse barns, two equipment buildings, five guest cabins, and a six-room lodge with a gathering space. (Courtesy Hall and Hall)
A ranch near Nederland, known as Caribou Ranch and linked to Walmart’s Walton family, was removed from the market this month after being listed for $48.5 million in August 2024.
The 1,700-acre property, purchased for $32.5 million in 2014, includes a recording studio that drew famous artists such as Elton John, Michael Jackson, and Stevie Wonder.
Indian Peaks Holdings LLC purchased the property off Peak to Peak Highway from music producer Jim Guercio. He bought more than 4,000 acres in 1971 and turned the property into a recording retreat.
After the recording studio was damaged in a fire, Guercio sold about half the land to Boulder County and the city of Boulder.
When Indian Peaks registered with the Colorado Secretary of State’s Office, it initially used the same Arkansas mailing address as Walton Enterprises and other businesses and nonprofits associated with the Walton family. A later update to the registration documents removed the Arkansas address.
Listing agent Jeff Buerger with Denver’s Hall and Hall wouldn’t confirm the property owner’s identity but said after testing the market, the owner decided to keep Caribou Ranch and make improvements.
He said that whenever the owner decides to relist the property, it would remain an attractive investment opportunity in a highly developed area. The ranch is a 10-minute drive to Eldora Mountain Resort and a 30-minute drive to Rocky Mountain National Park.
Ranch properties remain a prized asset during times of economic and geopolitical upheaval, Buerger said.
“It’s consistent,” he said. “If you invest in a ranch, its value lies in its rarity and inability to be reproduced.”
Caribou Ranch includes assorted water rights, several streams, and four trout ponds. North Boulder Creek, Delonde Creek, Fisher Creek, and Como Creek flow year-round through the ranch. (Courtesy Hall and Hall)
Hall and Hall, which lists ranches in the U.S., Canada, and Costa Rica, is poised for a record sales year.
That’s in part due to two large ranch sales in New Mexico.
The 500,000-acre Great Western Ranch, which was listed for $115 million despite having no home on it, sold in August. The family behind D.R. Horton, the homebuilding giant in the Dallas-Fort Worth area, sold the ranch. The buyer and sale price were not publicly revealed.
The nearly 110,000-acre Atarque Ranch, listed for $68.5 million, is set to close in November. The property is bigger than Denver. It hit the market for the first time in 45 years and has a modest 2,700-square-foot main home.
Buerger is also the listing agent for the $68 million Homewood Ranch near Telluride. The 2,000-acre property has been owned by the same family since 1949 and includes a 2,000-square-foot cabin built in the 1970s.
