OXBO PRESERVE
Bozeman, Montana
$10,200,000
220± Acres
INTRODUCTION
This is Oxbo Preserve, a vision renowned local architect and accomplished sportsman Jerry Locati put in place. Oxbo Preserve comprises 220± deeded acres with over 1.5 miles of both sides of the East Gallatin River and views of the Bridger Mountains. The East Gallatin River is an outstanding wild trout fishery. The ranch is managed by world-class fly fishing and bird hunting guide John Hudgens. Johns’ wildlife enhancement and stream restoration skills have helped develop this conservation success. With private roads and trail systems throughout, the property is farmed and maintained to enhance and promote wildlife. The property provides excellent opportunities for hunting pheasant, deer, and waterfowl, adding to its recreational value. With lush riparian acres, it supports a diverse ecosystem. A blank canvas, a new owner can build a primary home and a guest home within a building envelope next to a pond. Only five minutes from Bozeman and just 10 minutes from Bozeman Yellowstone International Airport, this property balances seclusion and accessibility, making it an attractive investment or living option for those seeking proximity to urban amenities and the tranquility of nature. Oxbo Preserve is a recreational dream you must witness yourself to appreciate. This is the sale of a third interest in the LLC/community.
1 Oxbo Preserve | Bozeman, Montana
QUICK FACTS
• 220± deeded acres (this is the sale of a third interest in the LLC/community)
• Building envelope next to a pond allowing for a single-family home, guest home, and associated outbuildings
• Over 1.5 miles of both side of the East Gallatin River, an exceptional wild trout fishery
• Bank restoration to avoid future degradation and enhance already high wild trout populations
• Shared amenities, including a barn and private roads and trails
• Majestic views of the Bridger Mountains
• Farmed and maintained to enhance, protect, and promote wildlife
• Notable waterfowl and upland bird hunting in a shooting preserve, so the season is extended to March 31st
• 5± minutes to Bozeman, Montana
• 10± minutes to Bozeman Yellowstone International Airport
• 30± minutes to Bridger Bowl Ski Area
• An hour to Big Sky, Montana
• An hour 20± minutes to Yellowstone National Park
ACREAGE
The 220± deeded acres are optimized for recreation and serve as a healthy habitat for an abundance of wildlife. The elevation is around 4,560± feet. The acreage ranges from farmland to riparian habitat, with a small portion of the land designated for structures.
Oxbo Preserve | Bozeman, Montana
RECREATION FISHING
Oxbo Preserve boasts over a mile and a half of both sides of the East Gallatin River, a primary tributary of the Missouri River populated with rainbow trout, brown trout, and mountain whitefish. In 1984, Montana adopted the Stream Access Law, allowing the public recreational use of all navigable waterways, provided the same can be accessed via public property. That said, the strategic location of Oxbo Preserve is far enough away from the nearest public access that nonmembers are infrequent, but members will see them from time to time. Please get in touch with the listing agent for more information about fishing at Oxbo Preserve.
The day will come when other great fishing beckons. Southwest Montana offers many quality options within this corner of the State. The Madison, Gallatin, and Yellowstone Rivers, located within 15 to 45 minutes of the property, are arguably the most famous fly fishing rivers in the world due to their early notoriety from legendary fly fishermen such as Joe Brooks, Charles Brooks, and Bud Lilly, as well as their scenic beauty and incredible numbers and sizes of trout. Other rivers within 1.5 to 2± hours from the property offering world-class trout fishing are the Jefferson, Big Hole, Ruby, Missouri, and Beaverhead Rivers. Several world-class “fee” spring creek fisheries are also close at hand. Over the hill in Paradise Valley and along the Yellowstone River, Depuy, Armstrong, and Nelson Spring Creeks attract avid anglers from around the globe. Additionally, several tributaries, spring creeks, and mountain lakes will become known as the area is explored. Henry’s Fork watershed in Idaho and Yellowstone National Park are not far. Many famous rivers originate in the Park. Its nutrient-rich waters are why the greater Yellowstone ecosystem is noted as one of the best areas in North America for trophy trout fishing. The vastness of this area can occupy an angler for a lifetime.
Oxbo Preserve | Bozeman, Montana
HUNTING | WILDLIFE
Oxbo Preserve holds notable opportunities for upland birds, waterfowl, deer, and occasionally elk. The property is under a shooting preserve license, which allows up to 400 rooster pheasants to be released during the extended season, September 1st through March 31st. In addition to wild and released pheasants, there is a substantial population of Hungarian partridge. Bag limits and hunting schedules will be determined following nesting season and established at the annual meeting. All bird hunting is restricted to zones to promote the safety and responsible harvest of all species. Big game hunting on the property is archery only from mobile blinds or tree stands. The Oxbo Preserve sits in HD 309, with seasons running from September into February, providing an incredible extension to traditional hunting seasons. Please inquire with the listing agent for more Oxbo Preserve hunting information.
Oxbo Preserve | Bozeman, Montana
WINTER RECREATION
Bridger Bowl Ski Area is a tremendous asset to the Bozeman community and is only 16± miles from town. Considered “Bozeman’s resort,” Bridger Bowl offers an intimate atmosphere where tickets are affordable, lift lines are short, and the skiing is fantastic. A total of 8 lifts service 2,000 skiable acres with a 2,600-foot vertical drop. Three lodges give skiers plenty of room to warm up and refuel. Jim Bridger Lodge and Saddle Peak Lodge are in the base area, and Deer Park Chalet and Alpine Cabin are at mid-mountain. Big Sky Resort, the Yellowstone Club, and the Spanish Peaks Mountain Club are an hour from the property and boast world-class snowboarding and skiing.
8 www.fayranches.com | 800.238.8616 | info@fayranches.com
Oxbo Preserve
Bozeman, Montana
LOCATION
Bozeman (population 58,000±), about five minutes south of the property, is one of Montana’s major tourism and agricultural centers and is one of the most diverse small towns in the Rocky Mountain West. Established in 1893, Montana State University’s campus houses the Museum of the Rockies. The museum features a planetarium, paleontology, ethnology, displays of dinosaurs and dinosaur eggs unearthed in Montana, Plains Indian artifacts, pioneer exhibits, and Western art exhibits. Downtown Bozeman has been a gateway to the West for over 100 years. Merchants outfitted explorers, miners, ranchers, and the army with supplies to sustain them. Today, downtown features rows of turnof-the-century buildings. Art and culture are alive and well in Bozeman. It is home to many museums, talented artists, and excellent galleries.
Bozeman-Yellowstone International Airport is southwest Montana’s transportation hub and is only 10± minutes from the property. It is serviced by numerous daily flights from Delta, United, American, Alaska, Allegiant, Avelo, Frontier, Jet Blue, Southwest, Sun Country, and Jet Suite. The airport also caters to corporate and private aircraft and provides hangar rentals.
www.fayranches.com | 800.238.8616 | info@fayranches.com
COMMUNITY
This is the sale of a third interest in the LLC/ community. Oxbo Preserve, a vision implemented by renowned local architect and accomplished sportsman Jerry Locati, is a shared community of like-minded owners who value conservation and recreation. The property is managed by world-class fly fishing and bird hunting guide John Hudgens. The shared 220± acres include three building envelopes and three ponds. Each owner can build a single-family home with associated outbuildings and a guest home in their building envelope. Each owner is also assigned a tent camping site by the river. Each owner enjoys access to common areas and limited common areas surrounding their building envelope and tent camping site. For community and design guidelines, please reach out to the listing agent.
Oxbo Preserve | Bozeman, Montana
MINERAL RIGHTS
All mineral rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Mineral rights are not guaranteed. It is suggested that the buyer conduct a mineral search with a title company.
CONSERVATION | STEWARDSHIP
This property is not under a conservation easement.
Each of us at Fay loves the land and wants to see it remain a productive agricultural ground and a quality fish and wildlife habitat. Through promoting thoughtful land stewardship, Fay has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay is proud to say that since our company began in 1992, our clients’ conservation ethics and land-use practices have significantly enhanced our work landscape.
www.fayranches.com | 800.238.8616 | info@fayranches.com
WATER RIGHTS
Montana waters, in all their varied forms and locations, belong to the State for the benefit of its people. A water right is the right to use the water within state-established guidelines, and not any ownership of the water itself. Since water rights in Montana are guided by the prior appropriation doctrine, a person’s right to use a specific quantity of water depends on when the use of water began, establishing the relative priority date of use on the water source. The first person to use water from a source established the first right, the second person could establish a right to the water that was left, and so on. Additionally, water users are limited to the amount of water that can be beneficially used. Beneficial use includes, but is not limited to, agricultural, recreational, fish, wildlife and domestic purposes.
Montana is currently conducting a statewide adjudication of all water rights with priority dates prior to July 1, 1973. The statewide adjudication is a court process that prioritizes and quantifies all existing water rights in each Montana drainage basin. With 85 basins in Montana, and over 219,000 water right claims, the statewide adjudication is a massive undertaking that is expected to stretch well into the future. Until the adjudication process is complete, the status of any particular water right claim cannot be guaranteed. Fay Ranches, Inc., its brokers and salespersons do not warrant or make any representation concerning the quantity or quality of any water rights, nor any legal entitlement to use of water rights, permits to appropriate water, exempt existing rights, determination of existing water rights, nor any ditches, ditch rights, or ditch easements appurtenant to or constituting a burden on the property. Water rights claims appurtenant to the property may or may not have been fully or finally adjudicated, and any Buyer is advised to make any offer to purchase contingent upon and subject to such independent inspections, evaluations, and advice concerning the water rights and adjudication process as a Buyer might deem prudent. All Buyers should be aware that Fay Ranches, Inc., its brokers and salespersons involved in this offering have not conducted an expert inspection or analysis of the water rights for this property.
Soak in the exceptional scenery from this picturesque property, overlooking the East Gallatin River with some of the most magnificent views in the Gallatin Valley. Ideally positioned minutes from Bozeman’s diverse amenities and bustling university atmosphere, this highly desirable property boasts a beautiful home and guest quarters, equestrian amenities, both sides of the East Gallatin River flowing through, and stunning views of the Bridger Mountains. If you desire to own an outstanding sporting property near great restaurants, shopping, and a commercial airport, then it’s unlikely you will find one better than this.
www.fayranches.com | 800.238.8616 | info@fayranches.com
Oxbo Preserve | Bozeman, Montana
Please contact Vinny Delgado at (406) 253-0507 | vdelgado@fayranches.com or Kristen Hoell at (406) 580-0245 | kristen.hoell@bhhsmt.com to schedule a showing. This is a co-listing. An agent from Fay Ranches, Inc. or Berkshire Hathaway must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties we have listed, please visit our web page at www.fayranches.com.
$10,200,000 Cash
Conventional Financing 1031 Exchange
Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.
East
Gallatin River
RELATIONSHIPS IN REAL ESTATE
As required by Montana law, a broker or salesperson shall disclose the existence and nature of relevant agency or other relationships to the parties to a real estate transaction. The various relationships and description of duties are as follows:
1. SELLER AGENT
A “Seller Agent” is obligated to the Seller to:
Act solely in the best interests of the seller; Obey promptly and efficiently all lawful instructions of the seller; Disclose all relevant and material information that concerns the real estate transaction and that is known to the seller agent and not known or discoverable by the seller unless the information is subject to confidentiality arising from a prior or existing agency relationship on the part of the seller agent; Safeguard the seller’s confidences; Exercise reasonable care, skill, and diligence in pursuing the seller’s objectives and in complying with the terms established in the listing agreement; Fully account to the seller for any funds or property of the seller that comes into the seller agent’s possession; and Comply with all applicable federal and state laws, rules, and regulations.
Montana law permits a real estate agent, after providing written disclosure to a seller and obtaining a seller’s written consent, to represent multiple sellers of property and to list properties for sale that may compete with the seller’s property, without breaching any obligation to the seller.
A “Seller Agent” is obligated to the Buyer to:
Disclose to a buyer or the buyer agent any adverse material facts that concern the property and that are known to the seller agent, except that the seller agent is not required to inspect the property or verify any statements made by the seller; Disclose to a buyer or the buyer agent when the seller agent has no personal knowledge of the veracity of information regarding adverse material facts that concern the property; Act in good faith with a buyer and a buyer agent; and Comply with all applicable federal and state laws, rules, and regulations.
2. BUYER AGENT
(cont)
A “Buyer Agent” is obligated to the Seller to:
Disclose any adverse material facts that are known to the buyer agent and that concern the ability of the buyer to perform on any purchase offer; Disclose to the seller or the seller agent when the buyer agent has no personal knowledge of the veracity of information regarding adverse material facts that concern the property; Act in good faith with a seller and a seller agent; and Comply with all applicable federal and state laws, rules and regulations.
3. DUAL AGENCY If a seller agent is also representing a buyer, or a buyer agent is also representing a seller with regard to a property, then a dual agency relationship may be established. In a dual agency relationship, the dual agent is equally obligated to both the seller and the buyer. These obligations may prohibit the dual agent from advocating exclusively on behalf of the seller or buyer and may limit the depth and degree of representation that you receive. A broker or a salesperson may not act as a dual agent without the signed, written consent of both the seller and the buyer.
A “Dual Agent” is obligated to a Seller in the same manner as a seller agent and is obligated to a Buyer in the same manner as a buyer agent,
except a dual agent:
Has a duty to disclose to a buyer or seller any adverse material facts that are known to the dual agent regardless of any confidentiality considerations; and May not disclose the following information without the written consent of the person to whom the information is confidential; The fact that the buyer is willing to pay more than the offered purchase price; The fact that the seller is willing to accept less than the purchase price that the seller is asking for the property; Factors motivating either party to buy or sell; and Any information that a party indicates in writing to the dual agent is to be kept confidential.
4. STATUTORY BROKER
A “Statutory Broker” is not the agent of the Buyer or Seller but nevertheless is obligated to them to:
Disclose to: i. a buyer or buyer agent any adverse material facts that concern the property and that are known to the statutory broker, except that the statutory broker is not required to inspect the property or verify any statements made by the seller; and ii. a seller or a seller agent any adverse material facts that are known to the statutory broker and that concern the ability of the buyer to perform on any purchase offer; Exercise reasonable care, skill, and diligence in putting together a real estate transaction, and Comply with all applicable federal and state laws, rules and regulations.
5. IN-HOUSE SELLER AGENT DESIGNATE
Created when the agency holds both the listing on a property from the seller and a buyer broker agreement with the buyer, an in-house seller agent designate is a broker or salesperson employed by or associated as an independent contractor with a broker and designated by the broker as the exclusive agent for a seller for a designated transaction and who may not be considered to be acting for other than the seller with respect to the designated transaction.
6. IN-HOUSE BUYER AGENT DESIGNATE
Created when the agency holds both the listing on a property from the seller and a buyer broker agreement with the buyer, an in-house buyer agent designate is a broker or salesperson employed by or associated as an independent contractor with a broker and designated by the broker as the exclusive agent for a buyer for a designated transaction and who may not be considered to be acting for other than the buyer with respect to the designated transaction.
BUYER AGENT
A “Buyer Agent” is obligated to the Buyer to: Act solely in the best interests of the buyer; Obey promptly and efficiently all lawful instructions of the buyer; Disclose all relevant and material information that concerns the real estate transaction and that is known to the buyer agent and not known or discoverable by the buyer, unless the information is subject to confidentiality arising from a prior or existing agency relationship on the part of the buyer agent; Safeguard the buyer’s confidences; Exercise reasonable care, skill, and diligence in pursuing the buyer’s objectives and in complying with the terms established in the listing agreement; Fully account to the buyer for any funds or property of the buyer that comes into the buyer agent’s possession; and Comply with all applicable federal and state laws, rules and regulations.
Montana law permits a real estate agent, after providing written disclosure to a buyer and obtaining a buyer’s written consent, to represent multiple buyers interested in buying the same property or similar properties to properties in which a buyer is interested and to show properties in which a buyer is interested to other prospective buyers, without breaching any obligation to the buyer.
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