Marabou Ranch in Steamboat Springs SOLD to Investors

Marabou Ranch in Steamboat Springs SOLD to Investors

$11,100,000.  SF Marabou LLC, with possible ties to William Stolz and the Stolz Group out of Georgia, paid Elk River Partners the developers of Marabou Ranch in Steamboat Springs, over 11 million for their remaining lots in the  Marabou Ranch – a Premiere Fly Fishing Ranch in Steamboat Springs, Colorado.

Marabou Ranch is comprised of  1,717 acres of picturesque ranch land and open space.  Just 62 homesites will grace the Marabou Ranch property landscape. Marabou is primarily known for the prestigious trout fishing waters of the elk river. 18 remaining lot we sold for $11,100,000. That’s about $616,000 per lot. These lot were once price and sold for $1.2 to$ 2.5 million. I don’t expect the new prices to be under 1 million. But time will tell. These are amazing lot and the development is truly one of a kind.

Over the last few years, the Steamboat Springs real estate market has seen several larger developments struggle. And in a down economy, selling distressed properties is never easy. Like Marabou, Trailhead Lodge experiences financial troubles recently and ended up in foreclosure and selling at auction. But now they are doing much better. One Steamboat Place, at one time was in the same ‘Boat, but has become a success over time because of a restructuring of their finances.  And just last week, the remaining land around Trailhead Lodge was sold to developers.  Today, the future of Marabou Ranch has taken a turn for the better. At least things will change and now pricing might be restructures and the future.

Happy fishing Marabou!

Regards,

Charlie

(970) 846-6435

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About SteamboatsMyHome.com

Originally from Seattle, Washington, Charlie relocated to Steamboat Springs with his wife Carol and their son, Finn, to become a Steamboat Springs realtor eager to share the joys of Colorado. Charlie is a second generation realtor and is proud to be a member of Steamboat Sotheby's International Realty in Steamboat Springs, Colorado. After graduating from Whitman College in Walla Walla, Washington, Charlie worked in the high-tech industry in Seattle for several years before deciding to follow his father's lead and began his career in real estate. Working for Windermere Real Estate in Seattle, Charlie had a great, innovative career in the highly competitive Seattle market before moving to Steamboat in 2005 and delving deep into Steamboat Springs real estate. At Steamboat Sotheby's International Realty, Charlie has become one of the top agents with his innovative style and tireless perseverance.
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