$175 Million for a 1,750-Acre Wyoming Ranch?


The following is an article from the Wall Street Journal:

Casino and resort developer Richard Fields is asking $175 million for his 1,750-acre ranch in Jackson Hole, Wyo. The asking price is believed to be the highest for a ranch in the U.S.

A 1,750-Acre Wyoming Ranch is Asking $175 M


The ranch, called Jackson Land and Cattle, is a valley property with 35 buildable sites. It’s made up of a 450-acre equestrian center bought around 2004, with 52 stalls and an indoor riding arena, plus a 1,300-acre ranch bought around 2006 that belonged to the late Wyoming Gov. Clifford Hansen and his family. There’s a main house and guest house. The hope is that the buyer will be conservation-minded, said listing broker John Pierce of Hall & Hall.

Mr. Fields is chief executive of Coastal Development, whose projects include the Seminole Hard Rock Casino and Hotel and, through an affiliate, the Suffolk Downs racetrack in Boston. Mr. Fields says he and his family are selling because they don’t get to spend much time there anymore. Mr. Fields is also asking nearly $10 million for his vacation home on 44 acres in Jackson. Mercedes Huff of Sotheby’s International Realty has that listing.

A Second Wyoming Ranch Hits the Market for $100 Million

Also in Jackson Hole, a 1,848-acre cattle ranch is on the market for $100 million.

Walton Ranch has three miles of frontage on the Snake River and is under a conservation easement, though some development is possible. There’s a 2,200-square-foot, three-bedroom main house and a manager’s housing complex with two homes, a bunk house, outbuildings, barns and corrals. The seller is the estate of oil geologist Paul Walton and his wife, Betty, who assembled the property over decades. Billy Long and Ron Morris of Ranch Marketing Associates share the listing.

Historic Washington, D.C., Estate Sells for a Record $22 Million

The historic Washington, D.C. estate Evermay has sold for $22 million, 55{e7e4ba4d9a3c939171d79cae1e3a0df1d41e5a91c3c4158fbb92284b490bc9d3} off its original 2008 asking price of $49 million but still a record price for Washington.

Ryuji Ueno and his wife, Sachiko Kuno, founders of Bethesda, Md.-based Sucampo Pharmaceuticals, bought the 3.5-acre Georgetown property, which was most recently asking $25.9 million, through a limited-liability company. The estate is listed on the National Register of Historic Places and has a 12,000-square-foot house.

The seller was Harry Belin, a descendant of DuPont Chemical heir F. Lammot Belin. Mark McFadden of Washington Fine Properties represented the buyers, whom he said plan to preserve the estate, and Jeanne Livingstone of Long and Foster, a Christie’s International Real Estate affiliate, had the listing.

Source:  Wall Street Journal

Posted by Haylie Shipp


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