Wit’s End Ranch Sold for $2,122,500
Josh Newell, Principal, and Barton Thompson, Advisor, at Pinnacle Real Estate Advisors, LLC, announce the sale of 254 County Road 500 in Bayfield, Colorado. The 67-acre ranch sold on January 31, 2019 with a contract price of $2,122,500.
“The Wit’s End Ranch had a rich history, having formerly catered to Hollywood celebrities including Arnold Schwarzenegger and Sylvester Stallone. This property was sold through bankruptcy court to investors who plan to reinvest heavily into the property and the community.” – Barton Thompson
The ranch was developed between 1960-1970 and has had multiple uses over the course of different owners, including as a guest ranch resort and spa, and most recently as a drug and mental illness therapy center. Newell and Thompson represented the local seller in the transaction.