SOURCE: Woltz & Associates

Woltz & Associates

August 31, 2010 10:29 ET

Colorado Recreational Land Sells for $1.16 Million in Woltz Auction

RIFLE, CO--(Marketwire - August 31, 2010) -  Beaver Creek Highlands Ranch, a 527-acre recreational property in Colorado's Garfield County, sold at auction Saturday for $1.16 million, with Woltz & Associates managing the sale.

"People kept telling us how difficult it is to sell hunting and fishing properties in this economy, but when we gathered for the auction, every seat in the ballroom at the Hotel Colorado in Glenwood Springs Colorado was filled. The registered bidders bought all the land that was offered," said Jim Woltz, president of the company, based in Roanoke, Va.

Eleven of those bidders ended up as buyers, purchasing tracts ranging from 35 to 70 acres, according to Woltz. "We had one bidder, bidding via the Internet, who purchased three tracts making up 105 acres. Although most of the bidders were people from right around the local area there were also bidders from California, Delaware, Texas and North Carolina bidding at the auction. By offering the land in tracts, we were able to broaden the market and get a positive outcome that might not have been possible if we had just offered the ranch as an entirety," he said.

"Each of these tracts has its own beauty, its own personality," said Woltz. "They all sit between 7,400 and 8,400 feet, and the property has incredible views of the Colorado River valley below, a lot of creek frontage, and even a couple of springs." Parts of the property adjoin the national forest and land owned by the Bureau of Land Management.

Woltz & Associates, headquartered in Roanoke, Va., is a leading auctioneer of high-end real estate, including homes, farms, ranches and commercial property throughout the United States. Upcoming auctions include a wide range of properties including a historic property on the James River across from famous Jamestown, Va. Individuals seeking additional information on those and other sales may contact the company at 800-551-3588 or visit www.woltz.com. More auction information.

Contact Information

  • For more information:
    Carl Carter
    205 823-3273

    Lindsay Fernandes
    205 909-3705