SOURCE: J. P. King Auction Company

J. P. King Auction Company

September 12, 2011 11:00 ET

Old Western Colorado Town Goes to Real Estate Auction

SAGUACHE, CO--(Marketwire - Sep 12, 2011) - Built as his retirement escape in 2004, Myron Smith has decided to sell his Old Cow Town Ranch at a real estate auction. The 320-acre property includes a luxury log home and 14 other buildings, creating an 1880s reproduction town. The property, being auctioned by J. P. King Auction Company in conjunction with Fuller Western Real Estate, will be offered on September 22.

The ranch, which had an asking price of $10 million, is bordered on three sides by the Rio Grande National Forest and the Bureau of Land Management. With 15 buildings that include a saloon, dining hall chapel and a lodge that sleeps 24, each building has been crafted with intricate details to ensure the authenticity of an old western era.

"If someone wants this type of resort, there is none better," said Smith. "It's first class from top to bottom. It could be one of the best resorts in Colorado, and its limits and happenings here are only limited to your imagination."

The log home, which has been Smith's primary residence since his retirement, contains wood beams, Amish hickory flooring and western architectural influence. The master suite has an indoor hot tub with a deck overlooking the outside waterfall and pond, two-story stone fireplaces and in-floor heating throughout.

The auction will take place on Thursday, September 22 at Old Cow Town Ranch, located at 36710 County Road 36 CC in Saguache, Colo. Property previews will be available from September 12 through auction day. For additional information, individuals may contact J. P. King at 800.558.5464 or visit the company's website at www.jpking.com.

J. P. King Auction Company specializes in high-value properties and portfolios such as luxury homes, developments, condominiums and land and ranches. The company has marketed properties in all 50 states and six countries with recent sales in Colorado, Florida, West Virginia, Oklahoma, California and Montana.

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