4,482 Acres in Bellevue, ID - $23,500,000
The Historic Cove Ranch is a very special place located between the fertile agricultural valley south of Sun Valley, Idaho and hundreds of thousands of acres of mountainous public lands rising up to the east. The "Cove" is named after the geological features that surround and protect the heart of the property, enveloping it in a dramatic mantle of mountains with intermittent springs and streams on three sides. The 4,480+/- acre ranch is a reputation alfalfa and cattle operation annually producing over 6,000 tons of premium dairy quality hay and Black Angus cattle on over 8,500 acres of Cove Ranch grazing leases surrounding the property. This working ranch provides the perfect combination of accessibility and privacy, approximately 10 minutes from the Sun Valley airport yet tucked into the Pioneer Mountains for an end of the road experience.
Cove Ranch has been approved for an exclusive...
Cove Ranch has been approved for an exclusive 24 lot subdivision and four up-zoned parcels which present the buyers with options to develop or to combine some or all of the entitlements into a conservation easement offering. Hayden Outdoors is committed to preserving the western way of life and this, one of a kind property, is the genuine picture of the American West!
Sun Valley is world renowned and offers all the amenities for the most discerning clientele. The area is rich in history and peerless in year round outdoor recreation. Consistently ranked in the nation's top Alpine and Nordic skiing destinations the Sun Valley Resort, America's first destination Ski resort was established in 1936. The Sun Valley area also offers golf, tennis, hiking, horseback riding, river rafting, mountain biking, and fine dining as opportunities on a summer day. Gold Medal fly-fishing is just 10 minutes from the ranch on The Nature Conservancy's Silver Creek Preserve. Miles of the nearby Big Wood River will also challenge the fishing enthusiast. When the leaves change, the area is acclaimed for its Mule Deer and Elk hunting, not to mention the occasional pronghorn.
Combined with the surrounding public lands, Cove, located in Idaho Fish and Game unit 49, offers unique privacy with excellent hunting for Elk, Mule Deer, and some upland game birds. The ranch has its own trap range. The ranch owners are issued landowner tags and hunters can purchase over the counter big game tags for unit 49.
The property was at one time a prominent dog breeding and training facility with 24 heated kennels. The property has five homes with the main home designed by previous owners and is perfect for entertaining and enjoying the tremendous views. Three of the residences are utilized for the ranch manager and staff, while the three bedroom guest house offers quaint but quality accommodations.
The property offers excellent water rights, good fencing, working pens, certified scales, and all of the hay equipment to operate the irrigated acres. The ranch is being marketed with an employment contract for the current ranch hands, which are among the finest anywhere. The owners are convinced that upon completion of this one year employment contract the new owners will retain and reward the folks that make the ranch go!
The above mentioned conservation easement scenario is an estimation of the potential benefit for the prospective buyer, the conservation easement trust holding the easement, and the other professionals involved in this great process. This scenario would allow the savvy buyer to protect land from future development and achieve potential tax benefits to offset the value diminishment. Should the buyer elect to offer a conservation easement, Hayden Outdoors would work with accountants and conservation easement attorneys to insure accuracy of any information. Hayden Outdoors accepts no liability and makes no representations regarding this scenario. Hayden Outdoors can assist buyers in negotiations with a land trust for property rights and enjoyment. Water and mineral rights can be included and may also be withheld from this type of easement. Upon meeting financial requirements buyers will be given passwords to view example documentation and potential scenarios based on a conservation easement and sale.
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