Chapman's Cloverly Ranch

Property Map

Chapman's Cloverly Ranch - Recently Sold

$4,500,000
Sun Valley, Idaho

Steeped in Wood River Valley history, this iconic 26-acre mid-valley equestrian ranch has been under the ownership of the Chapman family since the early 1940s and combines the best of everything Sun Valley has to offer including natural beauty, privacy, and easy access to Hailey and Ketchum. The secluded nature of the ranch is enhanced by the fact that neighboring properties are large and subject to covenants restricting subdivision and development. Wildlife abounds on the property and is highlighted by a resident elk herd. All ranch improvements and grounds are meticulously cared for and represent true pride of ownership. Buildings include a 4,500 sq. ft. owner’s residence, caretaker’s cottage, horse barn with owner’s office, and hay/storage facility. The original portion of the owner’s residence was constructed by Rev. I.T. Osborn as a parsonage in 1885 and was lovingly restored and expanded in 1996. The ranch also features excellent water rights as well as lush horse pastures interspersed with aspen stands. Situated at the base of Carbonate Mountains, the ranch is 5 minutes to the airport in Hailey and 10 minutes to Bald Mountain and the resort amenities of Ketchum/Sun Valley.

Location: 

Chapman’s Cloverly Ranch is located three miles north of Hailey, Idaho and nine miles south of the Ketchum/Sun Valley Resort complex. Access to the ranch is from State Highway 75. The town of Hailey, county seat for Blaine County and the Wood River Valley’s principal service center, is three minutes south of the ranch and home to Friedman Memorial Field, which offers commercial air service and a fixed-base operation, Sun Valley Aviation. Delta/Skywest and Horizon Airlines service the airport and offer daily flights to Salt Lake City and Seattle. Sun Valley Aviation offers a suite of private aircraft services, and Friedman Field is capable of handling large private jet aircraft.

Locale: 

With Chapman’s Cloverly Ranch, one is able to take advantage of the amenities and activities typically found in a first-class resort community while also enjoying the low-key lifestyle afforded by rural living. As part of the larger Sun Valley community, an owner has access to one of the nation’s most prestigious year-round resort areas. Top-rated golf courses and tennis facilities, fine dining and cultural opportunities, mountain biking and hiking trails, and world-class downhill and cross country skiing are all available within a short distance of the property. After spending a busy day enjoying Sun Valley, Chapman’s Cloverly Ranch offers a pristine and tranquil retreat to which to return home.

General Description: 

Chapman’s Cloverly Ranch is bordered to the east by State Highway 75 and to the west by the riparian zone of the Big Wood River. The ranch buildings are located in a compound encompassing approximately three acres on the eastern portion of the property adjacent to Highway 75. The irrigated pastures lie west of the ranch compound and encompass dense stands of aspens and willows which are the year-round home to a resident elk herd along with mule deer and a host of other wildlife species. The ranch is subject to a conservation easement held by the Wood River Land Trust (www.woodriverlandtrust.org) to preserve the property’s unique open space, wildlife, and natural values. Contact broker for a copy of the easement document.

Acreage: 

26±

Improvements: 

The main house consists of the restored Reverend I.T. Osborne home originally built in 1885 and completely renovated in 1996 in concert with a new addition. The living area comprises 4,500 sq. ft. with five bedrooms and five baths, attached two-car garage, and extensive covered porches and decks.

Additional improvements include: 1,450 sq. ft. caretaker’s home 4,900 sq. ft. stable with two offices in the south wing 3,500 sq. ft. hay storage (open) and closed storage building The property is fenced externally and cross-fenced with wooden post and rail.

Climate: 

The elevation of Chapman’s Cloverly Ranch is approximately 5,400 feet. The climate for the Hailey area is best described as semi-arid with an annual precipitation of 12 inches and over 300 sunny days per year. Summers are warm with the temperatures reaching into the low 90s and cooling to the mid-40s at night. Winters are generally cold, with an average maximum temperature from November through February of 36 degrees and an average minimum temperature during the same period of 12 degrees.

General Operations: 

Chapman’s Cloverly Ranch is used to raise and train Arabian horses. Horses are on irrigated pasture six to seven months and require winter feeding the balance of the year.

Recreational Considerations: 

In addition to hunting and fishing, the Sun Valley area offers a variety of world-class, year-round outdoor recreation activities a short distance away from the ranch. Winter activities include downhill skiing on famous Bald Mountain and cross-country skiing, snowshoeing, and snowmobiling on the area’s extensive winter trail network. During the summer and fall, the area’s diverse topography offers unparalleled big-game hunting, waterfowl and upland bird hunting, trout fishing on the nearby Big Wood River and Silver Creek, hiking, backpacking and mountain bike riding. Blaine County is also blessed with tens of thousands of acres of BLM and national forest lands, which provide unlimited opportunities for one to experience the best of Idaho’s back-country.

Taxes: 

Blaine County property taxes are approximately $10,500.

Water Rights: 

The primary irrigation use is from a ground water well for 0.32 CFS (or 16 miner’s inches) with a priority of September 16, 1960. This right irrigates 16 acres. The property also holds a 20 percent interest in a mutual irrigation company that controls surface water from a tributary to the Big Wood River. There is an additional domestic water right used for potable and livestock use.

Broker Comments: 

Under the ownership of just two families since its original assemblage in the late 19th century, Chapman’s Cloverly Ranch is one of the Sun Valley area’s most notable properties. This beautiful small ranch is located in a stunning setting with easy access to all of the communities of the Wood River Valley.

Additional Services: 

MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs. Wes Oja and Jerome Chvilicek at (406) 656-7500 or Justin Bryan at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally, the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources.Wes Oja, Jerome Chvilicek or Dan Bergstrom at (406) 656-7500 or Justin Bryan in our Abilene office at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

AUCTIONS - Hall and Hall Auctions offer “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate.  Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation.  Extreme attention to detail and complete transparency coupled with Hall and Hall’s “Rolodex” of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day.  For more information on our auction services contact Scott Shuman at (800) 829-8747.

APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall, formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has that critical network of brokers and lending professionals. This professional network coupled with diverse experience across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable timeframe.  For more information contact our appraisal team at (406) 656-7500.

SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners.  In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can provide the required financing.

Competitive Pricing  |  Flexible Terms  |  Efficient Processing
Dave Roddy • (406) 656-7500 
Mike Hall or Judy Chirila • (303) 861-8282
Monte Lyons • (806) 698-6882
J.T. Holt • (806) 698-6884

Disclaimer: 

Idaho brokerage disclosure

The law requires all real estate licensees to perform certain basic duties when dealing with any real estate buyer or seller.  You can expect any real estate licensee you deal with to provide the following “customer-level” services:

  • To perform necessary and customary acts to assist you in the purchase or sale of real estate;
  • To perform these acts in good faith and with reasonable care;
  • To properly account for money or other property you place in his or her care; an
  • To disclose “adverse material facts” which are, or should be, within that licensee’s knowledge.  These include facts that would significantly affect the desirability or value of the property to a reasonable person, and facts that would indicate to a reasonable person that one of the parties cannot, or will not, complete his obligations under the contract.  (Note:  Idaho law exempts “psychological” impacts from this disclosure requirement.  See Section 55-2701, Idaho Code)

Unless or until you enter a written agreement with the brokerage for agency representation, you are considered a “Customer” of the brokerage, and the brokerage will not act as your agent.  As a Customer, you should not expect the brokerage or its licensees to promote your best interest, or to keep your bargaining information confidential.

Whenever you speak to a licensee who represents a party on the other side of the transaction, (e.g., you are seeking to buy the property, and the licensee represents the seller), you should assume that any information you provide will be shared with the other party.  

If offered by the real estate brokerage, you may enter a written agreement for “Agency Representation,” requiring that the brokerage and its licensees act as an “Agent” on your behalf and promote your best interests as their “Client.”  Idaho law authorizes three types of Agency Representation. 

Single Agency:

If you enter a written agreement for Agency Representation, you, as a Client, can expect the real estate brokerage to provide the following services, in addition to the basic duties and obligations required of all licensees:

  • To perform the terms of your written agreement with skill and care;
  • To promote your best interest, in good faith, honest and fair dealing;
  • If you are the seller, this includes seeking a buyer to purchase your property at a price and under terms and conditions acceptable to you, and assisting in the negotiation thereof; and, upon your written request, asking for reasonable proof of a prospective buyer’s financial ability to purchase your property;
  • If you are the buyer, this includes seeking a property to purchase at an acceptable price, terms and conditions, and assisting in the negotiation thereof; and, when appropriate, advising you to obtain professional inspections of the property, or to seek appropriate tax, legal and other professional advice or counsel.
  • To maintain the confidentiality of specific client information, including bargaining information, even after the representation has ended.

Limited Dual Agency:

At a time you enter an agreement for Agency Representation, you may be asked to give written consent allowing the brokerage to represent both you and the other party in a transaction.  This “dual agency” situation can arise when, for example, the brokerage that represents you, the seller, also represents buyers who may be interested in purchasing your property.  When this occurs, it is necessary that the brokerage’s representation duties be “limited” because a buyer and seller have built-in conflicts of interest.  Most significantly, the buyer typically wants the property at the lowest price, while the seller wants top dollar.  As a “limited dual agent,” the brokerage and its licensees cannot advocate on behalf of one client over the other, and cannot disclose confidential client information concerning price negotiations, terms or factors motivation the client/buyer to buy or the client/seller to sell.  However, the brokerage must otherwise promote the best interests of both parties, perform the terms of the written representation agreement with skill and care, and perform all other duties required by law.

Buyers and sellers alike often find it desirable to consent to limited dual agency:  buyers do not want the brokerage to be restricted in the search for suitable properties, and sellers do not want the brokerage to be restricted in the search for suitable buyers.  Thus, when all parties agree in writing, a brokerage may legally represent both the buyer and the seller in the same transaction, but only as a “limited dual agent.”

Limited Dual Agency with Assigned Agents:

In some situations, a brokerage that has obtained consent to represent both parties as a limited dual agent may assign individual licensees (“sales associates”) to act soley on behalf of each party.  (The brokerage must have an office policy that ensures client confidences are protected.)  Where this is the case, the sales associate, or “assigned agent,” is not limited by the brokerage’s agency relationship with the other party, but instead has a duty to promote the best interest of the client that he or she is assigned to represent, including negotiating a price.  The designated broker (the licensee who supervises the sales associates in the brokerage firm) remains a limited dual agent for both clients, and ensures the assigned agents fulfill their duties to their respective clients.  

What to Look For in Any Agreement for Agency Representation:

Whatever type of representation you choose, your written Agency Representation Agreement should answer these questions:

  • How will the brokerage be paid?
  • When will this Agreement expire?
  • What happens when a transaction is completed?
  • Can I cancel the Agreement, and if so, how?
  • Can I work with other brokerages during the time of the Agreement?  And what happens if I sell or buy on my own?
  • Am I willing to allow this brokerage to represent me and the other party in the same transaction? 

Real Estate Licensees Are Not Inspectors:

Even if you have a written agreement for agency representation, you should not expect the brokerage or its licensees to conduct an independent inspection of the property, or to independently verify any statement or representation made by any party to the transaction or other reasonably reliable sources (such as a licensed appraiser, home inspector, or the county assessor’s office).  Real estate licensees are entitled to reasonably rely on the statements of their clients and other third-party sources.  If the condition of the property is important to you, you should hire an appropriate professional, such as a home inspector, surveyor, or engineer.

Idaho Real Estate Brokerage Representation Act:

The specific duties owed by the real estate brokerage and its licensees to a customer or client are defined by the “Idaho Real Estate Brokerage Representation Act,” located at Idaho Code Section 54-2052, et seq.

When you sign a real estate Purchase and Sale Agreement as a buyer or seller, you will be asked to confirm:

  1. that this disclosure was given to you and that you have read and understand its contents; and
  2. the agency relationship, if any, between you and the brokerage working with you. 

NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.