Adam’s Rib ranch property back on the market
April 15, 2015
Last month, the complexion of the Brush Creek Valley changed for the first time in 42 years when Fred Kummer, the CEO of Saint Louis-base HBE Corp. sold his substantial land holdings to a limited liability company headquartered in Denver.
With Brue Capital's successful $21 million purchase of Kummer's Adam's Rib holdings, the stage was set for local speculation about what the new owners would do next. The answer came last week when they put a large portion of the property back on the market.
Newly christened as Hardscrabble Mountain Ranch, the listing by Mirr Ranch Group of Denver places a $20 million price tag on "a 1,516-acre ranch located south of Eagle … The property, recently acquired by a group of investors led by Brue Capital Partners, consists of all of the ranchland associated with the renowned Adam's Rib Ranch and Adam's Mountain Country Club."
"We are excited to be marketing Hardscrabble Mountain Ranch, as it is one of those rare properties that offers the full spectrum of sought-after ranch attributes," said Ed Roberson, listing broker for Mirr Ranch Group. "The ranch boasts 2.5 miles of private fishing, trophy big game hunting, productive agricultural operations, water rights, and adjoining public lands, all within seven miles of a commercial airport and a short drive from Vail Mountain and Beaver Creek Resorts."
The press release from Mirr Ranch Group notes the property was previously owned by Kummer, who began assembling the ranch in 1973. The company states that through his 42-year ownership, Kummer created one of the largest undivided ranches in Eagle County.
"Mirr Ranch Group has a long history of pairing responsible land stewards with spectacular ranch properties," said Chad Brue, principal of Brue Capital Partners. "We look forward to finding a buyer who fully appreciates the ranch's agricultural, historical, and recreational significance, as well as its importance to the community."
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The press release makes a case for keeping the ranch property whole.
"Given the ranch's location, wildlife population, and riparian habitat, the property is an ideal candidate for a conservation-minded buyer," states the release.
"Eagle Valley Land Trust would be thrilled to work with buyers to explore conservation options for the ranch," said Jim Daus, Executive Director of the Eagle Valley Land Trust. "The Brush Creek Valley is vitally important for the future of Eagle County, so we'd love to play a role in preserving it for future generations."
While the ranch property has been listed for sale, the Brue Capital Partners have stated their intention to retain the Adam's Mountain Golf Course and development, which borders Hardscrabble Mountain Ranch's southern property line. Those holdings include an 18-hole championship golf course, a 40,0000 square foot clubhouse with a pool, tennis court and sport court, a 16,000 square foot golf maintenance facility, five new speculative homes ranging from 2,838 to 6,405 square feet, five member cottages at 2,260 square feet each and 91 finished residential lots ranging from 3.6 to 9.9 acres each with all the necessary infrastructure for immediate development.
"The ranch is extremely unique in its own right, but the fact that it adjoins a world-class golf course and country club gives the future owner the opportunity to enjoy recreational opportunities not usually found on ranches of this size and scope," said Roberson.
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