Grand County ranch sale tops $14 million | SkyHiNews.com
YOUR AD HERE »

Grand County ranch sale tops $14 million

A 6,000-plus acre ranch property north of Kremmling has sold for more than $14 million.

Kremmling-based Peak Ranch Inc. sold the property to Diamond Peak Ranch Inc. for $14,450,000 on Nov. 19, according to data from the Grand County Assessor’s website.

The property encompasses a large swath of land on both sides of U.S. Highway 40 in the northwest corner of the county, including Whiteley Peak and Whitely Peak Reservoir.



Bill George, of Mason and Morse Ranch Company in Kremmling, said that, though he wasn’t aware of the specifics of the deal, buyers are seeing lots of opportunity in land right now, and especially in ranch properties.

Livestock commodities have increased in value over the last few years, adding to the attractiveness of a ranch as an investment, George said.



“It’s kind of a little perfect storm going where people are really getting involved and buying up a lot of these ranches for sale,” George said.


Support Local Journalism

Support Local Journalism

The Sky-Hi News strives to deliver powerful stories that spark emotion and focus on the place we live.

Over the past year, contributions from readers like you helped to fund some of our most important reporting, including coverage of the East Troublesome Fire.

If you value local journalism, consider making a contribution to our newsroom in support of the work we do.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


News


See more