Auction

Heritage Land Holdings

Apr 16 Monte Vista, CO 1,081± Deeded Acres

Sections

Overview

Executive Summary

Quality Investment Potential with Tenant Farmers/Custom Farming Options

The Heritage Land Holdings Auction consists of 1,081± acres of highly productive San Luis Valley farmland, offered in a sought-after agricultural region near Monte Vista, Colorado. Currently producing alfalfa and potatoes, the farm is supported by plentiful irrigation water, including senior Rio Grande Canal Water Users Association shares and Santa Maria Reservoir Company shares. Improvements include two country homes, a well-maintained barn, and numerous outbuildings, providing both operational utility and rural lifestyle appeal. This property presents an exceptional opportunity for investors and operators seeking quality irrigated farmland in the heart of the San Luis Valley.

Call Hall and Hall Auctions today to request information!
1-800-829-8747

Auction Date:
- Thursday, April 16th – 1:00 PM
- Held at Ski Hi Complex – 2335 Sherman Avenue, Monte Vista, CO 81144

Information Day:
- Friday, March 27th from 10 AM to NOON
- Wednesday, April 15th from 1 PM to 3 PM
- Meet an auction representative at the headquarters on Tract 6 to learn more about the property and the auction process. Contact Hall and Hall to schedule additional showings.

Just the Facts

  • Quality Investment Potential with Tenant Farmers/Custom Farming Options
  • Highly Productive Farmland producing Alfalfa and Potatoes
  • Plentiful Water with Senior Rio Grande Canal Water Users Association Shares & Santa Maria Reservoir Company Shares
  • Located in the San Luis Valley near Monte Vista, CO
  • Two Country Homes, Well-Maintained Barn, and Numerous Outbuildings

Locale

Locale

Overview

The San Luis Valley (SLV) is a high-elevation agricultural basin in south-central Colorado, bordered by the San Juan Mountains (west) and Sangre de Cristo Mountains (east). Monte Vista sits near the center of the valley and serves as one of its key agricultural hubs.

  • Elevation: Approximately 7,600–7,700 feet
  • Terrain: Broad, flat valley floor with mountain backdrops
  • Growing Season: Short but intense; cool nights beneficial for certain crops

Agriculture

The SLV is one of Colorado’s most productive irrigated farming regions.

Primary crops:

  • Potatoes (nationally recognized production area)
  • Alfalfa
  • Barley
  • Small grains
  • Specialty crops (quinoa, hemp, seed crops)

The region’s cool nights and sunny days are especially favorable for potato quality and disease control.

 

Water and Irrigation

Water is a defining feature of land value in the Valley.

  • Irrigation comes from the Rio Grande River, mountain snowpack, reservoirs (including Santa Maria), and groundwater wells.
  • Surface water shares, particularly senior Rio Grande rights, are highly valued.
  • The Valley operates under a complex system of water administration due to interstate compact obligations and aquifer management rules.

Water security and priority date are critical factors in farm valuations here.

 

Economic and Market Factors

  • Strong agricultural base with established processors and potato infrastructure
  • Historically active land market for quality irrigated farms
  • Growing interest in water-secure properties
  • Mix of multigenerational operators and outside investors

Lifestyle and Community

Monte Vista (population 4,000–5,000) offers:

  • Small-town services (hospital, schools, airport)
  • Access to hunting, fishing, skiing (Wolf Creek), and public lands
  • Lower population density and open space appeal

Property Details

Acreage (Deeded & Leased)

Tract 1 - 160±

  • Legal Description - SW4 Sec 2 – T40N – R7E
  • 10 shares of Rio Grande Canal Water Users Association
  • 10 shares of Santa Maria Reservoir

Tract 2 - 126.5±

  • Legal Description - PT of N E4 Sec 26 – T40N – R6E
  • 16 shares of Rio Grande Canal Water Users Association
  • 20 shares of Santa Maria Reservoir

Tract 3 - 159±

  • Legal Description - PT of SW4 Sec 22 – T40N – R7E
  • 10 shares of Rio Grande Canal Water Users Association
  • 10 shares of Santa Maria Reservoir

Tract 4 – 156.7±

  • Legal Description - SW4 Sec 23 – T40N – R7E
  • 10 shares of Rio Grande Canal Water Users Association
  • 10 shares of Santa Maria Reservoir

Tract 5 - 160±

  • Legal Description - SW4 Sec 24 – T40N – R7E
  • 10 shares of Rio Grande Canal Water Users Association
  • 10 shares of Santa Maria Reservoir

Tract 6 - 319.6±

  • Legal Description - PT of S2 Sec 35 – T40N – R7E
  • SW Quarter:
    • 10 shares of Rio Grande Canal Water Users Association
    • 10 shares of Santa Maria Reservoir
  • SE Quarter:
    • 10 shares of Rio Grande Canal Water Users Association
    • 10 shares of Santa Maria Reservoir
  • 300± Head Feedlot & Multiple Grain Bins

Deeded Acres: 1,081±
Total Leased Acres:
Total Acres: 1,081±

Terms

Summary of Terms: A 10% earnest money deposit of the total contract price will be due immediately from all successful bidders. A 5% buyer’s premium will be added to the final bid amount. The property is being sold “AS IS, WHERE IS” and without any contingencies including financing. Property closings will be set 30 days from the auction date or as soon thereafter as closing documents are available. Broker participation is available. Contact our office for participation guidelines.

Documents

  • Heritage Land - Aerial Maps (Tract 1).pdf Download
  • Heritage Land - Aerial Maps (Tract 2).pdf Download
  • Heritage Land - Aerial Maps (Tract 3).pdf Download
  • Heritage Land - Aerial Maps (Tract 4).pdf Download
  • Heritage Land - Aerial Maps (Tract 5).pdf Download
  • Heritage Land - Aerial Maps (Tract 6).pdf Download
  • Heritage Land - Assessor Report (Tract 1).pdf Download
  • Heritage Land - Assessor Report (Tract 2).pdf Download
  • Heritage Land - Assessor Report (Tract 3).pdf Download
  • Heritage Land - Assessor Report (Tract 4).pdf Download
  • Heritage Land - Assessor Report (Tract 5).pdf Download
  • Heritage Land - Assessor Report (Tract 6).pdf Download
  • Heritage Land - Soil Report (Tract 1).pdf Download
  • Heritage Land - Tax History (Tract 1).pdf Download
  • Heritage Land - Tax History (Tract 2).pdf Download
  • Heritage Land - Tax History (Tract 3).pdf Download
  • Heritage Land - Tax History (Tract 4).pdf Download
  • Heritage Land - Tax History (Tract 5).pdf Download
  • Heritage Land - Tax History (Tract 6).pdf Download
  • Heritage Land - Topo Map (Tract 1).pdf Download
  • Heritage Land - Topo Map (Tract 2).pdf Download
  • Heritage Land - Topo Map (Tract 3).pdf Download
  • Heritage Land - Topo Map (Tract 4).pdf Download
  • Heritage Land - Topo Map (Tract 5).pdf Download
  • Heritage Land - Topo Map (Tract 6).pdf Download
  • Heritage Land - FSA 156EZ (All Tracts).pdf Download
  • Heritage Land - FSA 578 (All Tracts).pdf Download
  • Heritage Land - FSA Maps (All Tracts).pdf Download
  • Heritage Land - Legal Descriptions (Exhibit A).pdf Download
  • Heritage Land - Brochure.pdf Download
  • Heritage Land - Reservoir - Canal History.pdf Download
  • Heritage Land - Title Commitment (Tract 1).pdf Download
  • Heritage Land - Title Commitment (Tract 2).pdf Download
  • Heritage Land - Title Commitment (Tract 3).pdf Download
  • Heritage Land - Title Commitment (Tract 4).pdf Download
  • Heritage Land - Title Commitment (Tract 5).pdf Download
  • Heritage Land - Title Commitment (Tract 6).pdf Download
  • Heritage Land - Well Permits (Tract 2).pdf Download
  • Heritage Land - Well Permits (Tract 3).pdf Download
  • Heritage Land - Well Permits (Tract 4).pdf Download
  • Heritage Land - Well Permits (Tract 5).pdf Download
  • Heritage Land - Well Permits (Tract 6).pdf Download
  • Heritage Land - Property Information Package (Full).pdf Download
  • Heritage Land - Soil Report (Tract 3).pdf Download
  • Heritage Land - Soil Report (Tract 2).pdf Download
  • Heritage Land - Soil Report (Tract 4).pdf Download
  • Heritage Land - Soil Report (Tract 5).pdf Download
  • Heritage Land - Soil Report (Tract 6).pdf Download
  • Heritage Land - Well Permits (Tract 1).pdf Download
  • Heritage Land - Auction Announcements - (Exhibit B - Draft).pdf Download
  • Heritage Land - Purchase Agreement (Draft).pdf Download
scott from NAA auctioneers
Scott Shuman
CAI, Real Estate Partner
Eaton, CO
Client Stories | Southwest North Dakota

We would never have believed we would have finally overcome all the adversity and had such a wonderful conclusion.

I have not forgotten the “Dream Team”. I would like to thank you both for going above and beyond what I know any of us thought would happen. You pulled off a feat that, I know, put that whole community in a tailspin. Jackie and I are forever grateful to you for your support and trust,...

Scott Shuman Headshot
Scott Shuman
CAI, Real Estate Partner
Eaton, CO