NEWS real estate
WEDNESDAY, AUGUST 28, 2024
WYOMING RANCHES CAPTIVATE
Large tracts offer multiple uses and help to define the region.
by Staff Writers
Western Wyoming’s ranching legacy is deeply entwined in the region’s enduring appeal. The area’s distinctive geography, defined chiefly in Jackson Hole by the iconic Teton Range and the surrounding wilderness, creates an unparalleled backdrop for ranching and enhances the recreational and aesthetic value of these properties. The limited supply of large, intact land parcels, combined with Jackson Hole’s status as a premier destination for outdoor enthusiasts and luxury travelers, continues to elevate the desirability and value of ranches within this unique locale.
The hardscrabble existence of Jackson Hole’s original ranching community dates back almost a century and a half and remains an enduring legacy within the valley and its culture today. Famously self-proclaimed as “The Last of the Old West,” an increasingly smaller number of ranching families and conservationists strive to preserve both the land itself and that way of life through the valley’s continued evolution.
“The Jackson Hole ranch market is unique in the Northern Rockies in that properties of 35-acres are considered ranches in Teton County, where the definition of a ranch elsewhere may not start until you are counting by hundreds or thousands of acres,” says Des Jennings, an associate broker with Jackson Hole Sotheby’s International Realty, regarding the need to distinguish between working ranches and large, luxury residential properties in Jackson Hole.
Western Wyoming’s ranch real estate market
AND HELP CONSERVE THE WEST
has demonstrated remarkable vitality in recent years. Jennings notes that, “there have been several landmark sales, public and private, that have pushed our ranch market to new heights in terms of price per acre for special properties with irreplaceable features such as live water, access to public lands and/or improvements that could not be built under current regulations. Many of the larger ranch sales in our region have been driven by a few buyers who are interested in assembling contiguous holdings within the past few years, and some of these properties are already being divided and offered for sale in new configurations.”
“There have been several landmark sales, public and private, that have pushed our ranch market to new heights... for special properties with irreplaceable features...”
—Des Jennings
Associate Broker
Jackson Hole Sotheby’s International
Realty
In recent years, a handful of notable ranch sales have transacted along the Gros Ventre River corridor and the eastern edge of the valley adjacent to the Bridger-Teton National Forest. These properties typically offered a more remote setting, and have included both traditional working ranches and long-standing guest ranches that have helped to define the character of the region over the course of decades.
By way of comparison, a cluster of recent ranch sales south of Wilson have typically been more emblematic of the large residential parcel
definition of a Jackson Hole ranch. There, a sense of privacy afforded by the acreage itself—and often coupled with access to the Snake River or to adjacent federal lands—defines the property more so than ongoing traditional ranching land uses. Regardless of current or intended use, however, these recent transactions help to illustrate a continued strong market driven by demand for well-located, expansive properties that offer some combination of conservation, privacy, recreation, investment and lifestyle benefits.
Conveniently located near the center of the Jackson Hole valley, the Mead Ranch occupies the southern end of Spring Gulch—the broad valley bordered by East and West Gros Ventre Buttes. This iconic ranch is located just outside of the town of Jackson and encompasses more than 265 acres that provide Teton views, in addition to more than a mile of Spring Creek frontage. The historic ranch, represented by Jennings, is one of Jackson Hole’s premier large tract properties and offers the next owner several possible configurations and a variety of uses. The Mead Ranch’s extensive value as a ranching and conservation property within a prime wildlife migration corridor is further enhanced by 1898 priority water rights.
The appeal of a western ranch doesn’t belong to Teton County alone, of course. In the adjacent counties, Wyoming ranches offer their own mountain vistas, including the Salt River Range in Lincoln County, and the Wyoming Range and Wind River Range in Sublette County. While each county typically benefits from a more favorable overall inventory of available private land, premier ranch offerings in each still hold a strong value and represent a part of a deep and
See WYOMING RANCHES on page 6.
Pictured Above: The Mead Ranch occupies a prominent position near the center of the Jackson Hole valley within the Spring Gulch corridor. The ranch encompasses 265 acres of premier ranch land only minutes from the town of Jackson and features more than a mile of Spring Creek frontage, with priority water rights dating to 1898. Multiple potential configurations of this iconic ranch are currently available.
Western Tanager Home
Jackson, WY
$2,950,000
Property ID: P6R52L MLS#: 24-1845
This welcoming home offers 3 levels of living and several outdoor spaces to enjoy the morning light to watching the sunset over the Western mountains. Including 3 beds, 3 full baths, vaulted ceilings, open concept living, 2-car garage and several out buildings for all your toys. Ample space for an owner to add an addition or guest home on the property.
3 Bedrooms | 3 Full Baths 2,170 Sq. Ft. | 4.5 Acres
Unit 572 of the Terra Condominiums
Teton Village, WY
$2,925,000
Property ID: CSXLYE MLS#: 24-286
Spectacular residence on the top floor of Hotel Terra II. This 2 bedroom, 3 bath - 2 key residence has views over the Teton Village commons, vaulted ceilings, and extremely private being a corner unit in the building. A just completed remodel makes this unit ready for its new owner. Hotel Terra enjoys a premium ski in/ski out slopeside location at Jackson Hole Mountain Resort. In the short term rental overlay with an excellent rental history and four-star management by Noble House Hotels & Resorts. This 2 bedroom residence is turn key and allows for ease of ownership in Jackson Hole with all the amenities a discerning buyer is looking for.
Rob DesLauriers
Wilson, WY
$1,650,000
Property ID: FR49LK MLS#: 23-2565
Well-maintained Aspens condo. Scarcely found floor plan with two bedrooms, two baths, and an enclosed loft with views of the surrounding Teton Range from your private balcony. Short term rentals allows for a wide range of uses. Enjoy the Aspens market, several restaurants, START bus stops, and a bike path all just minutes out your front door.
Convenient and Spacious Aspens Condo
WYOMING
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authentic ranching tradition all their own. In Star Valley, Willow Creek Ranch & Range, located between the towns of Afton and Thayne, offers 305 fenced acres of varied and rolling terrain overlooking the Willow Creek valley. A gravel road and private airstrip provide access to the property, which benefits from convenient access to nearby State of Wyoming and national forest lands.
Merna, on the eastern slope of the Wyoming Range in Sublette county, is the site of a 550-acre ranch parcel with a skyline ringed by mountain views. The flat, high-desert ranch is ideal suited to grazing cattle, with lush grass fields flood irrigated by ditches and natural springs. The ranch is unencumbered by covenants, providing for numerous possible uses, and is adjacent to state lands with national forest lands accessed
just beyond.
Looking forward, the ranch real estate markets in Jackson Hole and the broader Western Wyoming region are poised to remain strong. Demand for premier, large-acreage properties is expected to continue to drive strong valuations— particularly for those with valuable water rights, recreational amenities, and adjoining larger tracts of public land.
Pictured Above: Willow Creek Ranch & Range, located south of Jackson Hole in Star Valley, offers 305 fenced acres of varied terrain overlooking the Willow Creek valley enhanced by private airstrip access.
and the
Big Boulder | Beyond the Ordinary
Main: 6 Bedrooms | 8 Full Baths | 8,086 Sq. Ft. Guest: 2 Bedrooms | 2 Full Baths | 1,391 Sq. Ft.
Peaceful and Private at the Base of the Hobacks
Sublette Woods, Lot #2 Moose Creek Chair, Union Pass Chair, and North Hoback 3.76 Acres
$8,250,000 | Property ID: RN7RMY | MLS #23-969
Enjoy recorded SKI-IN/SKI-OUT ACCESS from this 3.76 acre site in the new Sublette Woods subdivision at the SW end of the JH Mountain Resort. Overlooking Open Space to the north, one of only four large building sites located within a forest of 300-year old Douglas firs. Recorded easement also allows for hiking and biking access into Bridger-Teton National Forest. CC&Rs allow a house, guest house, garage facility and associated outbuildings.
5 Bedrooms | 3.5 Baths | 3,932 Sq. Ft. | 5.15 Acres
$6,200,000 | Property ID: 688JDR | MLS#: 24-1376
peaceful location with amazing Grand Teton, Snake River, and Jackson Hole views.
Modern Luxury and Rustic Charm
5 Bedrooms | 4.5 Baths | 2,769 Sq. Ft. | .16 Acre
$3,950,000 | Property ID: R8Y43B | MLS#: 24-1426
cabin. The custom main home was built in 2012 and has many reclaimed details, including barn wood siding, oak flooring, hardwood stair treads, limestone flooring, and hardwood counters.
Wilson, WY
Teton Village, WY
Wilson, WY Jackson, WY
NEW CONSTRUCTION WITH SOARING VIEWS
2680 TRADER ROAD, JACKSON, WY
6 BEDROOMS | 6 FULL BATHS, 2 HALF BATHS
7,234 SQ. FT. | 11.59 ACRES
3-BAY GARAGE WITH ROOM FOR 6 VEHICLES
$23,000,000 | MLS#: 24-2041
This newly constructed architectural masterpiece, located in the gated Gros Ventre North subdivision in Jackson, Wyoming, offers exquisite craftsmanship and breathtaking views of the Teton Range. The main level features an expansive great room adorned with exposed steel trusses, vaulted ceilings, a chef’s kitchen, and floor-to-ceiling windows that open to a deck with covered outdoor dining, and fireplace. The spacious primary suite includes a private deck, double-sided fireplace, spa-like bathroom, and outdoor shower. The lower level boasts a media room with a full-sized wet bar, gym, sauna, and additional guest accommodations, making this home perfect for luxury living and entertaining.
NEW CONSTRUCTION IN GRANITE RIDGE
7750 N LOWER GRANITE RIDGE ROAD, TETON VILLAGE, WY
6 BEDROOMS | 7 BATHS, 1 HALF BATH
6,414 SQ. FT. | .67 ACRE | 3-CAR GARAGE
$24,500,000 | MLS#: 24-2042
Welcome to luxury mountain living in Teton Village. This brand-new ski-in/ski-out home is nestled in the coveted Granite Ridge subdivision. This home seamlessly blends into the surrounding natural beauty but also offers unparalleled access to adventure in the Bridger Teton National Forest, the legendary Jackson Hole Mountain Resort, and the Grand Teton National Park. Enjoy world-class skiing & snowboarding, hiking, and mountain biking right out your front door. Additionally, within walking distance is an array of restaurants, shopping, and ongoing cultural events adding to the convenience of this location.
Recognized as a member of the “Top 100 Agents and Teams at Sotheby’s International
RIVER’S EDGE
BIG ROCK RANCH
Charming Home in Rafter J Ranch
3 Beds | 2 Baths | 1,886 Sq. Ft. Price Upon Request Property ID:
Lovely remodeled home of 1,886 sq. ft., 3 bedrooms, 2 bathrooms, a Chef's kitchen with large tri-fold window, and an oversized garage, and a bonus room that could be expanded into a 4th bedroom/3rd bathroom. It lies on .27 acres of mature landscaping with a quiet backyard, firepit & large deck. Rafter J Ranch has hiking and cross-country skiing trails through open spaces along Flat Creek & Ranch perimeter. Playgrounds & public pathways provide a safe neighborhood for family activities and easy access/biking to schools, grocery stores, and movie theater nearby.
38 acres to build a dream home await the owner who values the incredible aspens and conifers, resident and migrating wildlife, and unmatched privacy and solitude just minutes from the Town of Jackson, Grand Teton National Park, and Jackson Hole Mountain Resort. This property is a canvas in the making with all the natural elements to design and build a retreat or residence with an artistic palate that is as unique and special as the Jackson Hole valley.
Rare Find in Jackson Hole
West Highland Trail
The Mead Ranch in Spring Gulch is one of the most iconic properties in all of Jackson Hole. This legacy ranch land has it all with Grand Teton views, over a mile of private spring creek habitat, and a range of homesites. The ± 265 acre tract offers easy access to some of the Valley’s top resources: five minutes to the Town Square or the Snake River, and under twenty minutes to both the Jackson Hole Mountain Resort in Teton Village and the Jackson Hole Airport.
This centrally located townhome is a truly rare find in Jackson Hole: with a private, fenced yard, a ground level primary suite and tasteful renovations throughout the home including a new kitchen, solid oak floors, new interior doors and a new deck. The property has a private one-car garage and two additional assigned parking spaces just outside the front door.
$1,500,000 | 24-2015
This rare Teton view lot in Highland Park Estates is one of the few building sites currently on the market in Wilson. The 3.27-acre, mostly parcel lot has a mix of mature conifers, aspen stands, and open meadow with sweeping mountain views in every direction. With neighborhood access to National Forest this offering enjoys one of the most serene settings in Teton County, WY.
$1,600,000 | 24-1216
More information at www.springgulchjh.com Wilson, Wyoming
Des Jennings
ASSOCIATE BROKER
DES.JENNINGS@JHSIR.COM
307.413.4945
Newly Completed Construction in Skyline Ranch
Nestled in Skyline Ranch, this new mountain-modern home offers striking design. Floorto-ceiling windows frame the scenery, while the great room features a limestone fireplace, heated oak floors, and high hemlock ceilings. The kitchen boasts Axor faucets, Wolf/Sub-Zero appliances, and a butler’s pantry. Outdoors, a private patio with a hot tub, fire pit, and kitchen expands living space. Dual primary suites impress with steam showers and Claybrook bathtubs. A detached guest house adds privacy, while storage, a mudroom, and three-car garage enhance practicality. Lutron lighting, Sonos sound, and AC in both houses. Douglas fir siding, limestone accents, Ipe wood decks, and standing seam metal roof ensure enduring style. Every detail has been meticulously considered
$11,950,000 | 23-1931 Jackson, Wyoming
Betsy Campbell
ASSOCIATE BROKER
BETSY.CAMPBELL@JHSIR.COM
307.690.5684
Private Mountain Retreat on Horse Creek
Less than twenty minutes south of town and bordered on two sides by National Forest, this home on 2.5 acres offers three private entrances—providing ample space for guests and extended family to enjoy this peaceful and private mountain retreat. With a large finished basement and an apartment over the garage, rooms can be configured as desired for possible rental income opportunities. The home features plenty of natural light as floor-to-ceiling windows offer beautiful views of buttes and rock formations just outside. Multiple outdoor decks allow for easy indoor-outdoor flow while enjoying the abundance of wildlife that frequently visits the nearby year-round creek.
$2,495,000 | 24-566 Jackson, Wyoming
Historic Mead Ranch
5725 W CADDIS FLY DR. IN CRESCENT H
3 BEDROOMS | 4 BATHS | 3,088 SF | 1.19 AC | $7,150,000
This Crescent H home showcases beautiful log construction with exposed wood beams, creating a warm and inviting ambiance. Set on 1.19 private acres within a picturesque landscape of large old-growth conifers and vibrant flowers, this home provides an enchanting atmosphere with unparalleled privacy and tranquility. A mecca for wildlife, the home provides exclusive access, for Crescent H homeowners, to the best blue-ribbon fly fishing in the area. Cast your line in pristine waters in the creeks alongside the Snake River. Hike and XC ski in the miles of maintained and groomed trails. #24-2211
DEANNA BRIGGS
Sales Associate 617.899.3406 | deanna.briggs@jhsir.com
Deanna is committed to providing excellent customer service. Her architectural background gives both sellers and buyers an experienced eye to help visualize their dreams. She spends her free time skiing, biking, horseback riding and doing yoga.
YOUR REAL ESTATE GUIDES IN TETON COUNTY WYOMING & IDAHO
Come see this exceptional 10 acres
in all directions from this parcel.
Luxurious Mountain Masterpiece
Main House: 5 Bedrooms | 7 Baths | 6,893 Sq. Ft | 6.67 Acres
Guest House: 1 Bedroom | 1 Bath | Attached Recreation Room + Bunk Room
Wilson, WY | Price Upon Request | Property ID: 7TFS4B
This spectacular, recently completed mountain home is ideally located in Wilson with an aesthetic and design masterfully executed by a team of top-notch architects, interior designers, and builders.
Peter Selkowitz
Associate Broker
Peter.Selkowitz@jhsir.com
307.690.3843
5 Bedrooms | 4 Baths | 5,473 Sq. Ft. | 7 Acres Jackson, WY | $7,950,000 | Property ID: P77PLR
This private, seven-acre property in the highly sought-after Solitude Subdivision, nestled between Grand Teton National Park and the Snake River, has stunning Teton views with some of the best wildlife viewing in the valley.
Huff
| Vaughn | Sassi
#8 Medium Team in the Nation by Sale Volume | The Thousand #1 Medium Sales Team in Wyoming by Volume | RealTrends Verified
$345,003,750
#2 Medium Sales Team in Wyoming by Sides | RealTrends Verified 60
The McPeak Group
#149 Medium Team in the Nation by Sale Volume | The Thousand #2 Medium Sales Team in Wyoming by Volume | RealTrends Verified
$118,637,040
Cornish/Lamppa Realty Group
#2 Small Sales Team in Wyoming by Volume | RealTrends Verified
$89,708,203
Tom Evans & Ashley DiPrisco Real Estate
#3 Small Sales Team in Wyoming by Volume | RealTrends Verified
$72,395,000
Spackmans & Associates
#4 Small Sales Team in Wyoming by Volume | RealTrends Verified
$60,760,000
Realty Group of Jackson Hole
#5 Small Sales Team in Wyoming by Volume | RealTrends Verified
$55,310,000
Meredith Landino & Caroline Biciolis
#7 Small Sales Team in Wyoming by Volume | RealTrends Verified
$42,168,000
Allen & Van Gelder
#8 Small Sales Team in Wyoming by Volume | RealTrends Verified
$41,140,000
JH Property Group
#9 Small Sales Team in Wyoming by Volume | RealTrends Verified
$39,365,000
CONGRATULATIONS
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY
Global Real Estate
Advisors
for being recognized by the RealTrends Verified + The Thousand rankings of top agents in America.
Brett Frantz
#6 Individual in Wyoming by Volume | RealTrends Verified
$34,735,000
Matt Varsha
#10 Individual in Wyoming by Volume | RealTrends Verified
$24,250,000
Karin Wertheim
#40 Individual in Idaho by Volume | RealTrends Verified
$21,187,000
Fred Harness
#15 Individual in Wyoming by Volume | RealTrends Verified
$19,859,342
Ed Liebzeit
#16 Individual in Wyoming by Volume | RealTrends Verified
$19,607,000
Tim Mayo
#20 Individual in Wyoming by Volume | RealTrends Verified
$17,710,000
Anson Klock
#21 Individual in Wyoming by Volume | RealTrends Verified
$16,795,000
VERIFIED + THE THOUSAND
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