Named for the secluded circular valley it encompasses, Cove Ranch is one of the Wood River Valley’s reputation properties comprising 4,636± deeded acres along with approximately 8,500 acres of adjoining federal and state grazing lands. The ranch is conveniently located 25 miles south of the resort community of Ketchum/Sun Valley, midway between the commercial airport serving the Wood River region and The Nature Conservancy’s well-known trout fishing preserve on Silver Creek.Steep, open hillsides of the Pioneer Mountains flank the property and provide a dramatic backdrop to the ranch’s productive agricultural fields and pastures. The ranch produces alfalfa and grass hay on approximately 1,300 acres using an integrated sprinkler irrigation system consisting of three pivots and multiple wheel-lines. The ranch’s surface and ground water rights are among the best in the Wood River Valley and position an owner to take advantage of a developing regional water market. Under current management, the ranch also supports a 200-head seasonal grazing operation that utilizes the property’s deeded rangelands and an adjoining Bureau of Land Management grazing allotment and State of Idaho grazing lease.The main ranch compound is located within the interior of the property and home to a set of functioning residential dwellings and agricultural improvements. Included in the main compound are four homes surrounded by mature aspen and fir trees, including a 2,463± sq. ft. owner’s residence built in the mid-1960s and remodeled in the 1970s, with two bedrooms and two baths. There is a second, smaller building area east of the main compound with two homes, one of which has an attached, heated kennel facility built by the previous owner who was involved with raising and training show-quality pointing dogs. Other than the owner’s residence, the homes on the ranch are either used by ranch employees or rented to private tenants on an ongoing basis. Ranch structures include a workshop/machine repair building with vehicle storage, corrals with squeeze chute, hay barn, cattle scales, loafing sheds, and livestock pens. The ranch is serviced by buried power and telephone lines.Given its size and undeveloped setting, Cove Ranch is recognized as one of the most important wildlife properties in the Wood River Valley. Irrigated fields give way to native grasslands, sagebrush hillsides, rocky ridgelines, brushy draws, and numerous spring sites. These areas provide prime habitat for elk, mule deer, pronghorn, sage grouse, chukar partridge, and dove throughout the seasons. Blaine County officials approved a development plan for the property in 2010. With these entitlements in place, an owner who is interested in preserving the property’s wildlife habitat and open space values could expect to maximize financial benefits through the potential gift or sale of a conservation easement.
Just the Facts
- Currently the largest ranch for sale in the Sun Valley area with 4,636± deeded acres and 8,500± acres of associated federal and state grazing lands
- Secluded setting encompassing its own private valley
- 25 miles from Ketchum/Sun Valley and 10 minutes from the airport
- Easy, year-round access on paved county roads
- Functional residential and ranch improvements
- Producing alfalfa on 1,300± acres using superior surface and subsurface water rights with additional revenue from seasonal grazing
- Development plan in place providing for excellent conservation easement opportunities
- Important wildlife property with extensive habitat for elk, mule deer, pronghorn, sage grouse, and chukar
Acreage (Deeded & Leased)
Deeded Acres: 4,637±
Total Acres: 4,637±
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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.
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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.