DENVER, COLO. – Promontory Ranch, a 257-acre, undeveloped property adjoining Crested Butte Mountain Resort in Colorado, was recently listed with Mirr Ranch Group of Denver, CO for $12.6 million. The ranch accounts for approximately one-fifth of all private land in the town of Mt. Crested Butte.
“Most comparable properties in other ski areas were acquired and developed decades ago. This is one of the last opportunities to purchase a property of this size with such close proximity to a major ski resort,” explained Michael Kraatz, VP of Real Estate Development at Crested Butte Mountain Resort.
The property’s zoning allows for over 1,800 residential units and approximately 200,000 square feet of commercial development, making it an ideal location for a future ski village or mixed-use development. However, according to listing broker Ed Roberson, the property could also be an excellent opportunity for the conservation-minded buyer due to the ranch’s location, scenic views, and ecological significance.
“The Promontory Ranch is equally suitable for the development-minded investor or the buyer seeking a prestigious recreational property with high conservation values. The ranch’s location, zoning, and entitlements make it a premier acquisition, regardless of the intended use,” Roberson added.
The ranch also borders Gunnison National Forest with direct access to hiking, mountain biking, hunting, fishing, horseback riding, and backcountry skiing on 11,145-foot Snodgrass Mountain. In addition, the property offers spectacular views of the East River Valley, Gothic Valley, Mount Crested Butte, and the Elk Mountains, and is located close to the amenities of Crested Butte, recently named North America’s #1 Ski Town in Powder Magazine.
For media inquiries, arrange for an interview, or get an expert quote, please contact Mallory Boyce at (303) 623-4545 ext. 4. Photography available upon request.
About Mirr Ranch Group:
Mirr Ranch Group offers marketing and buyer acquisition services for fine sporting properties and legacy ranches for sale throughout the American West. Brokers for the company are known for their expertise in sporting, public lands and conservation in addition to their unsurpassed knowledge of ranch transactions.