Marabou Ranch Sees Buyers Return to Market
Marabou Ranch has seen buyers begin to regain interest in their ranch homes just outside of downtown Steamboat Springs, CO. The Steamboat Pilot reports that ‘after nearly 20 months of relative dormancy, Marabou, the sprawling shared-ranch luxury home subdivision west of Steamboat Springs, awakened Dec. 27 with the developer sale of a $2.9 million site, and the news was followed up March 16 with another closing of a 5.8-acre home site for $2.3 million and the signing of a new contract later the same day. The latest contract is scheduled to close April 26.’
Marabou Ranch gives property owners the ability to live on a shared ranch allowing joint access to approximately 1,300 acres on common ground while simultaneously giving people the opportunity to help ranch the land. Marabou consists of 1,717 acres, 77% of which is dedicated to shared-open space. Marabou also offers the master guide program, which gives people looking to learn or advance their skills in certain sports such as fly-fishing, mountain biking, cross country skiing and more, the opportunity to learn from World Class athletes in their fields.
While there were three sales in Marabou last year, these properties were bank owned land parcels that went for $1.15 million, $1.23 million and $1.25 million, respectively. The recent developer sales are an encouraging sign for Marabou and Steamboat as a whole. These 2 sales mark a shift in buyers perspective from simply purchasing the most cost effective land plots to once again being motivated by lot choice rather than the lowest price. ‘The buyer for Lot B5 last week chose a home site that is close to the trout fishing on the Elk River but [is] also close to the amenity buildings.’
If you have any questions about Marabou Ranch in Steamboat Springs, please feel free to contact me. I bring a low key approach to selling real estate and would love to discuss your goals or options for owning in Steamboat. You can send an email to [email protected] or give me a call at 970.879.0879