Alpine Land for sale

1,200-plus-acre parcel represents last large, undeveloped property close to city

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An area almost half the size of the Steamboat Ski Area is for sale south of Steamboat Springs. About two months ago, Mason & Morse Real Estate placed on the market Alpine Land, a 1,217-acre plot on the east side of U.S. Highway 40. The asking price for the land, which is bordered by Catamount Ranch and Club on the south and the ski area on the east, is $22.5 million.

"Alpine Land is the last significant parcel of land located this close to the city," said Tony Walton, who along with Mark McElhinney, is the broker for the property. "You can't find that much acreage so close to town that is that pretty."

With the exception of roaming cattle and a leased ranch house, Alpine Land has never been developed, but that probably will change soon.

A Denver partnership of 15 people recently decided to sell the land, which it has owned for close to 30 years.

"They're not getting any younger, and they've decided now is the time to take the asset and sell it," Walton said.

The partnership plans to sell the land as one contiguous plot and "is not entertaining offers for parts and pieces," Walton said.

He foresees two types of potential buyers:

"One person could buy it and have the absolute trophy private ranch, or a developer could buy it," he said.

If a developer purchases the land, he or she probably would subdivide and develop it as a high-end, low-density residential area, Walton said.

"That fits in with the community plan for South Valley," he said.

The property stands out for a number of reasons other than its size, Walton said:

"Convenience to town, varied terrain, killer views of the Flat Tops and the ski area, and live water with the Walton Creek and Priest Creek streams."

Alpine Land's sunny southwesterly exposure along with its proximity to golf courses and lakes also will attract buyers, Walton said.

Walton has received one offer but said that guarantees nothing.

"The negotiation process sometimes takes a long time and other times a short time. Sometimes, we're able to arrive at an agreement and other times not," he said.

With Alpine Land's conifer forests, Aspen glades and meadows, Walton doesn't think the $22.5 million will scare buyers away.

"Location is the thing the land has going for it, more than anything else. Plus, it has a lot of variety, which is what makes it unique," Walton said.

For more information, about Alpine Land, call Tony Walton or Mark McElhinney at 879-8101.

--To reach Kristin Bjornsen, call 879-1502

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