For billionaire workaholics who feel guilty about taking a break, a working northern Colorado ranch with multiple streams of income might be just the ticket. Already with successful management in place, Diamond Tail Ranch is one of the most beautiful in the country with emerald-green fields across its 17,000 valley acres, its 11.5 mile length of the Laramie River brimming with trout, and views of the snow-peaked Rockies. It’s a prescription for decompression from worldly concerns where one can kick back with family and friends while the ranch worries about the work and the income generated from its six revenue sources. It is now on the market for the first time in 40 years, priced at $45 million.Must SeeTop 10 Florida Condos For Sale
Purchased by Ray Duncan, oil wildcatter and owner of the popular Silver Oak Cellars in Napa Valley, Duncan was the consummate entrepreneur with an instinct for developing highly successful businesses. He began introducing his four sons into the various businesses at a young age and since his death in 2015, each son has continued their father’s work. Now managed by his son Michael, Diamond Tail Ranch has developed multiple revenue streams within its perimeter in conjunction with an overall 12 residences: three owner homes, four guest homes and five that are used by staff. There is a chapel on a hill and a large dining hall that welcomes special events. The ranch is outfitted with operational support buildings, livestock handling facilities and even a private airstrip.
Ray Duncan started his ranch with domestic beef cattle but found they didn’t thrive well without constant attention and copious amounts of feed during the sometimes brutal winter months. Rethinking, he and his sons switched to bison and acquired 750 head. In the same vein, when reintroducing cattle, they chose Corriente, a hardy range breed only occasionally needing a little hay during the harshest cold. They now run a 350-head breeding herd year-round and background an additional 450 head in the summer months, selling those in the fall per the pounds they gained during those months. Yet another enterprise is the members-only fishing club which is organized to responsibly fish the river trout. Hunting is by reservation to private parties when they are allowed to hunt on a limited basis for antelope, elk bulls and cows and buffalo. And making use of everything from start to finish, the ranch also sells composted buffalo manure which they sell under the name BuffaLoam.
Only 45 minutes from Laramie, Wyoming it is a two to three hour drive to Ft. Collins, Boulder and Denver in Colorado.
A beautiful retreat as well as a serious revenue generator, Diamond Tail Ranch, owned and developed by the oil-and-winery Duncan family, is now for sale for the first time in 40 years - priced at $45 million. The listing agent is Brian Smith of Hall & Hall, Steamboat Springs, Colorado.
Photo credit: Hall & Hall