Tori Latham
·2 min read
On the hunt for an epic parcel? Wyoming has you covered.
A ranch in Jackson Hole with a whopping 233 acres of land just hit the market for $35 million. That makes it the most expensive listing in the state, as reported by the Wall Street Journal. Neighboring the Snake River and Grand Teton National Park, the sprawling property affords magnificent views of the Teton and Gros Ventre mountains.
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Aaron Kraft/Krafty Photos
The land offers two separate residences, too. The main farmhouse comprises five bedrooms and six baths. Built in 2001, the 4,800-square-foot abode features local river rocks and logs throughout. It was also specifically situated so as not to disturb the elk’s foraging grounds (about 600 inhabit the grounds). The 2,070-square-foot cabin, meanwhile, comes with four bedrooms and two baths. Located on the edge of a pond, it faces the impressive Tetons.
With multiple patios, a deck and a fire pit, the ranch is geared toward outdoor living. Julie Givens, whose family currently owns the property, told the WSJ that hiking, horseback riding, kayaking, snowmobiling and fly fishing can all be done right in the home’s (massive) backyard. Additionally, about 96 percent of the land is under conservation easem*nt, meaning it can’t be developed.
Latham Jenkins
Givens’s parents bought the first 3 acres of the ranch in 1986 for about $172,000. Over the years, they built the main house and spent about $5 million acquiring adjacent properties to preserve them for wildlife. With their main residence being in New Hampshire, they no longer visit the ranch as frequently, leading them to list it. They do, however, own other parcels in the area.
The Givens family created a little slice of heaven in the Mountain West, almost an extension of the national park, as listing agent Latham Jenkins told Robb Report via email. It’s the ideal spot for another nature lover to carry on that legacy.
Check out more images of the property below.
Aaron Kraft/Krafty Photos
Aaron Kraft/Krafty Photos
Aaron Kraft/Krafty Photos
Aaron Kraft/Krafty Photos
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This article delves into the sale of a colossal property in Wyoming, offering a glimpse into the realm of luxury real estate. Here's a breakdown of the concepts and elements involved:
Location: Jackson Hole, Wyoming. The property is adjacent to the Snake River and Grand Teton National Park, boasting stunning views of the Teton and Gros Ventre mountains. The geographical context and proximity to natural landmarks significantly enhance the property's value.
Property Details: The ranch spans 233 acres and includes two residences. The main farmhouse, constructed in 2001, features five bedrooms and six baths, showcasing local river rocks and logs in its 4,800-square-foot layout. The second cabin, with four bedrooms and two baths, offers a view of the Tetons from the edge of a pond.
Features: Emphasizing outdoor living, the property boasts multiple patios, a deck, and a fire pit, catering to activities like hiking, horseback riding, kayaking, snowmobiling, and fly fishing. The design consideration to not disrupt elk foraging grounds and the conservation easem*nt covering 96% of the land highlights its commitment to preserving wildlife and nature.
History and Ownership: The property's history dates back to 1986 when the Givens family acquired the initial 3 acres. Over the years, they expanded the estate while focusing on wildlife preservation. Their decision to sell stems from reduced visits due to their primary residence being in New Hampshire, though they still retain other parcels in the area.
Value and Market: Priced at $35 million, this ranch is the most expensive listing in Wyoming. The appreciation of its value from the initial purchase in 1986 for $172,000 to the present listing price showcases the evolution and increased worth of the property.
Real Estate Market Context: The sale of such a high-value property in a scenic, exclusive location like Jackson Hole provides insight into the luxury real estate market, illustrating the premium placed on natural beauty, privacy, and amenities.
Understanding these concepts offers a comprehensive view of the property, its significance, and the broader implications within the realm of luxury real estate.
