Craig Ranch - Pavilions of Splendour International Inc. - Luxury Global Properties Portfolio

Code: COLORADORANCH

Location: Colorado, United States
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Price: USD 38,000,000

Craig Ranch is one of the few remaining legacy ranches of this caliber, size and diversity, and a plethora of outdoor recreational pursuits.

Situated just 20 minutes from Aspen in a pristine Colorado mountain setting the Craig Ranch consists of 838 acres, and diverse ecosystem from river frontage along the Woody Creek, to acorn and berry-laden meadows and open space, to mountainside lined with spruce fir at almost 10,000 feet highlighting the spectacular vistas.

Craig Ranch is a compelling investment and/or family legacy ranch in a highly sought after resort destination. Aspen is one of Colorado�s favorite year-round resort areas and is known for its deep roots and rich history, distinct mix of recreation and culture, landscape luxurious spas, chic art galleries, world class dining and a mecca for spectacular, award-winning cuisine and entertainment.

Surrounded by four world-class ski mountains and miles of groomed back country trails, this valuable natural wilderness habitat bordered by US Forest Service Road-less Conservation, Craig Ranch is home to elk, mule deer, black bear, eagles, hawks, game birds, migrating birds and water fowl.

Recreational opportunities such as hunting, hiking, horseback riding and Nordic skiing abound throughout the property. In addition the ranch features one mile of frontage on both sides of Woody Creek that offers excellent fly fishing.

Rarely does a property exist that features such stunning views of the Elk Range, privacy and seclusion in such close proximity to Aspen. The Craig family has worked hard to preserve the natural beauty and conservation characteristics of the ranch in perpetuity through careful planning of future development of the property.

The Craig Ranch offering consists of the following parcels with development rights as follows:
Parcel 1 & 3: 609.01 acres. (parcel 2 was merged with parcel 3 in 2007) Parcel 1 has a recorded conservation easement created by the Craig family, with the intent being to forever conserve the wildlife habitat, native plant communities, open space, and scenic qualities of the property. Also, Parcel one borders in part, USFS designated roadless area. Parcel 3 has development rights for 10,750 square feet of FAR with 1 ADU of up to 1000 square feet inclusive in the 10,750 sf. Agricultural buildings are prohibited on this parcel.

Parcel 4: 42.731 acres. Up to 7,500 sf may be constructed on this parcel inclusive of the existing single family residence (the existing historic ranch house-3303 sf), one Caretaker Unit(existing- 999 sf). Given the existing square footage, approximately 3,198 sf can be added to the existing single family residence. Agricultural buildings are exempt from the 7,500 foot floor area limitation and are allowed on this parcel.

In accordance with the development agreement, the existing single family residence and small barn structure below the main ranch house are subject to Historic Structures Covenant. Therefore, any alterations or additions to the historic structures will be subject to review by Pitkin County?s Historic Preservation Officer.

Parcel 5: 89.214 acres. Up to 7,500 sf may be constructed on this parcel inclusive of a 1,000 sf caretaker dwelling unit. Agricultural buildings are exempt from the 7,500 foot floor area limitation and are allowed on this parcel.

Parcel 6: 97.721 acres. Up to 7,500 sf may be constructed on this parcel inclusive of a 1,000 sf caretaker dwelling unit.
Total: 838.676 acres. Based on the survey conducted by Sopris Engineering 6/20/2006 and the amended plat merging parcels 2 & 3 in December, 2007.

Note: Parcels 1-6 are being sold in their entirety. Offers to purchase individual parcels will not be considered.