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Mandalay Ranch

Mandalay Ranch

posted: 02/13/2003

Snowmass, Colo.
This 650-acre ranch stretches from East Owl Creek to the pines of Snowmass and is one of the country's most exclusive listings. Media mogul Peter Guber is offering the ranch as a whole (listed for $63 million) or a 450-acre parcel of it called West Ranch (listed for $29 million). West Ranch has an approved building site for a 15,000-square-foot home and offers direct access to Buttermilk Mountain ski lifts.

East Ranch is fully developed with an existing 15,000-square-foot home, two guest cabins (each with a kitchenette and wood-burning fireplace), a 3,400-square-foot barn with four bedrooms upstairs and two suites downstairs, plus three 35-acre ranch parcels.

The main home comes fully furnished and has seven bedrooms, seven-and-a-half baths, a great room, a movie theater, an indoor basketball court and an outdoor pool. The ranch "store" holds gear for just about any sporting activity imaginable. Its wraparound deck has incredible views of the mountains, including Sopris, Snowmass and Red Mountain. It is an equestrian-lover's haven, with 100 acres of meadowland, a network of gravel roads and access to the White River National Forest.
PROS The seller is willing to split it up and sell off separate parcels (each for $6 to $10 million).
CONS Even in a strong economy, 99.999 percent of buyers couldn't entertain the thought of such a hefty price tag.
LOCATION Three miles from the base of Snowmass and 10 miles to Aspen.
LIST PRICE $63 million
LISTING AGENT Bob Ritchie, Coates, Reid & Waldron, 970-920-0565;

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