Located only 5 miles from Steamboat Springs, the historic 1,114± acre Hogue Ranch features a compelling combination of water, location, and future potential. Known for its excellent private trout fishing, the ranch owns 1.5± miles of both sides of the Yampa River, plus another .85± mile of multiple side channels. The resulting amount of water gives the ranch one of the longest stretches of river in the Yampa Valley. It is also one of the best for angling, with a variety of riffles, pools, runs and confluences that consistently produce healthy trout. Senior water rights dating back to 1892 supply irrigated hay meadows, which are complemented by expansive alfalfa fields. The cottonwood-lined river corridor and production areas attract a variety of wildlife including waterfowl, raptors, elk and deer.
Rising up on both sides of the river, the upper elevations of the ranch provide panoramic views of the valley, Steamboat Ski Area and surrounding mountains. The property currently benefits from multiple streams of revenue derived from the agricultural operation, leased commercial gravel pits, fishing lease, sporting clays, and ranges for shooting and golf. Existing improvements include three modest homes and associated agricultural buildings, storage sheds and barns. Exceptionally well-located, the ranch is only 5-10 minutes from all the amenities of Steamboat, and less than 20 minutes from the commercial airport.
Owned and operated by the same family for more than 100 years, the Hogue Ranch has been designated by the state as a “Centennial Ranch.” It is a rarity to find an intact river ranch of this size that is so close to a major ski resort town, especially one that does not already have a conservation easement. Furthermore, the Hogue Ranch is situated at the western gateway to Steamboat Springs, along Highway 40, which connects Steamboat to the regional airport. Driving up the valley from the airport to town, the ranch is the last large undeveloped property before entering the developed areas around Steamboat. The Hogue Ranch is both an outstanding recreational ranch ready for immediate enjoyment, and an investment asset with multiple revenue sources and future opportunities ranging from various development scenarios to a landmark conservation easement.
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“Most brokers have a strong sense of independence, so brokerages work around that, but Hall and Hall is not about the one working alone—their strength and longevity is built on the group, on the family,” explains Tyler Jacobs. “It’s the basic fundamentals and traditional values that we’ve thrived on since the company was founded back in 1946.”
Our Hall and Hall broker, Randy Shelton, kept us in the loop as though it were. Our sale hinged on that of larger surrounding parcels, and when an initial offer fell through, Randy went back to the drawing board and found a suitable buyer who shared our values. That meant a lot to us, as our property had been in the family for more than 100 years.
From the first time I walked through the door, I sensed Hall and Hall’s highest goals were to understand who I was and build a relationship, to understand what made my property special, and to find the buyer. Their discipline and focus was apparent. Throughout the entire process, their approach towards reality was different from the experiences I have had previously. Genuine would be the word I would use to describe everyone at Hall and Hall.
I interviewed 4 agents and selected Hall and Hall because of the agency’s reputation for expertise in high end ranch property and global marketing. I had the pleasure of working with Tim Murphy on the sale of a family property in the Paradise Valley, Montana. We believe he represented our family interests well and contributed to the integrity of the property by joining together buyer and seller and a shared love for this special place in our lives.
Bill McDavid was an outstanding and very patient partner in this sale. His expertise in the market and marketing of the property was excellent. I would use him again in a heartbeat to either buy or sell a ranch property.
“Guns, bear spray and handsaws: These aren’t the tools of your average luxury real-estate agent. But ranch brokers like Mr. Murphy, a Bozeman-based partner at Hall & Hall, occupy a unique and increasingly challenging niche in the world of multimillion-dollar property.”
“When it was time to invest in a ranch for our family, we knew we needed to work with Hall and Hall. The expertise is unsurpassed.”
In 1988, Joel Leadbetter became a partner at Hall and Hall where he has been instrumental in completing complicated, high-profile deals such as the recent sale of Texas’ historic 512,000-acre Waggoner Ranch.
“The professionalism, preparation, and overall positive demeanor exhibited… were truly impressive… I have never before worked with a more dedicated, knowledgeable, and level-headed sales professional.”
I had been looking for the right property for several years and Elliott Davenport’s insight into the quail plantation market and his ability to think strategically was instrumental in helping me find our new place. Elliott was helpful on all technical aspects of contracting and due diligence. His post closing help with hiring and contractors made the process much easier as well.
I have purchased 4 ranches through Hall and Hall over the past 20 years, and there is simply no other team in the world like them. They have navigated complexity, professionally attended to every detail, operated with fairness and integrity, and demonstrated an unwavering commitment to me– whether representing me or the person on the other side of the deal.
Having been in our family for 70 years, selling Loveridge was a big decision for our family and we needed the right person to walk us through this process. Elliott Davenport has exceeded our expectations and represented our family very well through this sale. His depth of knowledge for the Red Hills, his critical thinking, intimate understanding of the market, and honest approach has made this process very pleasant and rewarding for us. Simply, he gets it and that has served us very well.
Positioning a high-end Luxury Farm in the market to maximize Seller value requires a special set of skills along with a true understanding of the audience. Having a National presence and the knowledge of how to market into that audience is key to executing a successful transaction. Elliott Davenport of Hall & Hall and his team of seasoned professionals are uniquely qualified to deliver these results. They exceeded our expectations! We could not be more thrilled with their performance.