Sotheby's International Realty Canada

Sotheby's International Realty Canada

June 09, 2015 08:00 ET

$42.5 Million USD Ranch Sets Real Estate Record in Alberta

Sotheby's International Realty Canada Introduces Bar-N Ghost Pine Ranch Near Calgary, Alberta

CALGARY, ALBERTA--(Marketwired - June 9, 2015) -

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Sotheby's International Realty Canada is unveiling one of the largest and most significant privately-held pieces of land in Alberta, the 14,740 acre Bar-N Ghost Pine Ranch estate. The $42.5 million USD ($54 million CDN) listing price sets a record for real estate in the province's history*.

Located one and a half hours south of Calgary close to renowned UNESCO World Heritage site Head-Smashed-In Buffalo Jump, Bar-N Ghost Pine Ranch features six residential homes set on a pristine and diverse landscape, with lush meadows, rolling hills, steeper mountain country with scatterings of aspens and evergreens, as well as water springs, trout pond and a lake. In addition to its position as one of Alberta's great cattle ranches, the private estate is home to an abundance of indigenous wildlife and offers world-class hunting with populations of elk, mule deer, white-tailed deer, and several species of birds including sharp-tailed grouse. Conservation stewardship practices have been employed to enhance livestock production and wildlife habitat.

As a professionally managed, working cattle ranch with 800 cattle and 36 Angus cross bulls, the estate encompasses 9,040 acres of deeded land, 5,700 acres of land leased for grazing, winter cabin facilities, corrals, barns, machine shops and sheds. Nearly every pasture has live water from creeks or springs, and a gravity-fed spring water system provides year round, crystal clear supply to all residential homes. The option to retain the current staff as a turnkey operation is also available.

"This is the first time in over twenty years that Bar-N Ghost Pine Ranch has been available for purchase," says Renata Reid, listing agent with Sotheby's International Realty Canada. "It's an incredibly rare opportunity to own a part of Alberta's ranch history and we've already received several enquiries from potential buyers through our Canadian and international network."

The residences include a luxurious 5,200 square foot grand ranch home, a guest home, and four village houses for a full crew. The primary residence has been designed to highlight the beauty of the surrounding natural landscape, with floor-to-ceiling windows showcasing panoramic views, custom millwork with etchings of the prairies and local wildlife throughout the home, natural wood beams and a stone fireplace in the kitchen and living space. The master suite features sweeping ranchland views and includes a natural stone fireplace, soaker tub and walk-in shower, while the lower level of the home includes additional bedrooms for guests, and a luxurious open living room, a bar for entertaining and a pool with a view.

"The market for iconic, ranch estates like Bar-N Ghost Pine Ranch has expanded over the past few years," says Ross McCredie, President and CEO of Sotheby's International Realty Canada. "Canadian real estate is now regarded as being among the most desirable assets for discerning buyers worldwide. Given the low Canadian dollar, this property's unique history, and its location one hour from the U.S. border, it's no surprise that there has not only been interest from Canadian buyers, but from buyers from the U.S. and internationally."

Bar-N Ghost Pine Ranch is listed at $42.5 million USD, with offers to be accepted exclusively in US dollars.

*Record for a residential land listing in Alberta on MLS.

About Sotheby's International Realty Canada

Combining the world's most prestigious real estate brand with local market knowledge and specialized marketing expertise, Sotheby's International Realty Canada is the leading real estate sales and marketing company for the country's most exceptional properties. With offices in over 30 residential and resort markets nationwide, our professional associates provide the highest caliber of real estate service, unrivaled local and international marketing solutions and a global affiliate sales network of approximately 725 offices in more than 50 countries to manage the real estate portfolios of discerning clients from around the world. For further information, visit www.sothebysrealty.ca.

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