Vail Daily 05/12/2012
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May 12 – May 18, 2012
VAIL VALLEY REAL ESTATE and MOUNTAIN HOME TRENDS
The real West awaits
Live the dream of the ranching lifestyle on 850 acres in Silt, just 20 miles west of Glenwood Springs. This working cattle ranch has excellent water rights and several natural ponds and springs. The wide-open vistas and the peaceful, rural character of the Legacy Ranch are about a 90-minute drive from Vail, and even closer to Aspen. { PAGE 4 }
LOCAL P U LS E
FO CU S O N F INANCE
Keep up to date on the local scene with at-a-glance looks at how the real estate market is doing now. Discover annual sales trends and monthly sales volume comparisons.
It might be time to take another look at the costs and benefits of renting versus owning your home. With today’s lower home prices and interest rates, it could make sense to become a homeowner.
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FAST FACTS
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RARE OPPORTUNITY?
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OPEN HOUSES { May 12 - May 18, 2012 } For this week’s Eagle County Open House schedule, please visit www.vbr.net or see the Vail Daily Real Estate Classifieds.
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Vail Daily 05/12/2012
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MOUNTAIN HOMES & PROPERTIES
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May 12, 2012
VAILDAILY.COM/REALESTATE
{ IN RESIDENCE } Home of the Week
L
ike a movie scene about the modern-day Wild West, the Legacy Ranch is a scene stealer! With 850 beautiful acres, the Dodd family has enjoyed the many pleasures that the ranching life affords. The dream of the ranching lifestyle started with an investment with a friend three generations ago, and today the next two generations have come back to continue the uncomplicated way of living. Although the feel is all rural, it is not isolated and is conveniently located just 20 miles west of Glenwood Springs and just more than 90 minutes from Vail, even closer to Aspen. All the amenities and services of the New West are at our doorstep. Q: What style best describes your home? A: We have a working cattle ranch that has been in the family for three generations. My father bought this ranch and when I retired, I came back to raise cattle and work our land alongside my son. We
have 850 contiguous acres with our two ranch homes and numerous outbuildings. Q: What lifestyle did you envision? A: Ranching is certainly a lifestyle choice. We are operating a cow-calf operation where we raise and breed cattle. We raise our own hay and currently, this spring, we have 180 mother cows with an equal number of calves that we move around in our 20 fenced pastures on the property. Q: What is unique about your location? A: I would say it’s the water. We have excellent senior water rights from several sources that allow us to irrigate 500 of our 850 acres — this is one of the many important reasons that make this property so special. We also have two year-round streams that run the full length of our property. We have several natural ponds and springs. And with the proper legal steps there are numerous lakes and ponds that could be added to the property. This would
PROPERTY PROFILE Owners : Dodd Family Address and neighborhood: Legacy Ranch, 11749 311 County Road, Silt Listing agent: Joan Harned, Broker/Owner joan@teamblackbear.com Barbara Hogoboom: barbara@teamblackbear.com Team Black Bear at Keller Williams Mountain Properties 970.337.7777-office
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Vail Daily 05/12/2012
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CALL (970) 949-0555 FOR SALES + SERVICE
May 12, 2012
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MOUNTAIN HOMES & PROPERTIES
completely accommodate anyone who required additional fishing opportunities. Q: What is an extravagance in your location you can’t imagine living without? A: We consider ourselves stewards of the land. We work hard, but the outdoor life in the fresh air, on our own land, running our own business is something that is completely priceless. And we’re only 2 miles from the National Forest if we’re ever looking for even more “wide-openspace.� Q: Is there a terrific feature in your property that someone might not notice at first? A: In this area the mineral rights have been largely purchased and/or leased and there is a lot of gas and oil drilling. We own approximately 297 mineral acres, or more than one-third of the minerals, and they are not leased. This is really
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unusual for our area and certainly an advantage because of the investment potential it has in the future. Also, you might not know that there is the potential of subdivision for our huge parcel with easy access from all sides of the ranch so subdivision would be very feasible. Plus, while we personally don’t hunt, we allow a hunting outfitter to lease the right to bring in hunters during the season for deer and elk and even wild turkeys. This not only brings in additional income but it allows others to share in the beauty of our land and outdoor lifestyle.
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