Become an Instant Cowboy

Posted by Steph Kaye on Sunday, May 18th, 2014 at 4:39pm.

Own Part of a Ranch

The highest bidders in this June 5 Colorado auction could become overnight cattle ranchers. Each winner gets a 100-acre parcel, making them partners in an organic ranch that produces free-range chicken, organic vegetables and grass-fed beef to supply the Boulder Whole Foods Market. They’ll also have access to horse and hiking trails, lakes and streams stocked with fish and a luxurious lodge for parties and events. It’s an agricultural opportunity with a hint of “Portlandia.” Thirteen 100-acre homesteads are up for bid, starting at $450,000 depending on the specific plot of land.

“It’s a great way to be an instant cowboy. You just have to buy your own cowboy hat,” said broker Billy Long, who thought up the auction idea to move parcels of the 3,000-acre Maytag Mountain Ranch that failed to sell after the real estate market crashed in 2007. Buyers don't have to be involved with ranchwork -- farming, cattle-rustling and so on -- unless they want to be. They can help in the gardens, move cattle around, ride horses, collect eggs from the chickens — or not. The Maytag Mountain Ranch, owned by the son of the washing machine inventor, is nearly 3,000 acres at the base of the Sangre de Cristo Mountains. “We lived there for 35 years, and it was a wonderful lifestyle,” Russ Maytag said in an interview. “This way, we can share it with like-minded people.”

The property is gorgeous, with endless fresh air and opportunities for biking, hiking, fishing and horseback riding. Those who have already bought in include full-time residents, vacationers who purchased property to build a second home and investors, Maytag said.

Beef prices are high and hay prices are low, so big ranches are doing well right now, and even amassing more property, said Mark Shaffer, who sells ranches in rural Austin, CO. Shaffer said he has seen other ranches in western Colorado parceled up for luxury buyers, and cattle now roam among trophy mansions as families try to keep their working ranches alive.

Shaffer said the business model makes sense to him, although he doesn’t really run with that crowd. “You can have a ranch, talk about a ranch and not really have to deal with the management headaches of a ranch,” he said. The shared-ranch idea started to catch on within the past decade, Long said, but it hasn’t gone well for many ranches. Shadow Creek Ranch outside of Silverthorne had to file for bankruptcy after failing to sell all its parcels. Other ranches in Colorado are more expensive, charging as much as $10 million for a parcel, said Long, and $35,000 a year in dues. Maytag annual dues cost about $8,000. “It’s the most affordable way to be a cowboy that you can imagine,” he said.

Most of the plots being offered at $450,000 starting bids originally had $1 million to $1.5 million asking prices. To kick off the auction, Long’s high-end brokerage, Ranch Marketing Associates, plans a fly-in open house in a couple of weeks, where visitors will get a tour and a chance to eat ranch-grown organic vegetables and, of course, grass-fed beef.

If you are in the market for a new house and would like information on homes for sale, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you. 

 Lang Premier Properties are Birmingham Realtors specializing in Oakland County Real Estate. Stephanie is an agent with Max Broock in Birmingham, Michigan. See what past clients have to say about Stephanie Lang.  Lang Premier Properties looks out for your best interests when you purchase a new custom luxury home. We always recommend working with an experienced luxury real estate agent when buying a new luxury estate.


 

2 Responses to "Become an Instant Cowboy"

Bahamas Innocence Island Sells for $17 Million wrote: [...]Links

Become an Instant Cowboy
For the Women That Have Everything
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Posted on Tuesday, June 3rd, 2014 at 12:07pm.

Selling Homes to the Ultra Rich wrote: [...] It is Expensive to be Rich
Become an Instant Cowboy
For the Women That Have Everything
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Posted on Wednesday, July 2nd, 2014 at 2:38pm.

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