Imagine a property with both historic significance and present-day potential to be the next big break for Summit County’s growing population, its aggressive demand for conservation of open space, or both. A rare find in today’s market, the Knorr Lakeside Ranch along the banks of Green Mountain Reservoir is an exceptional property offering both future development and conservation opportunities. A Colorado ranch for sale offering that is a unique opportunity.
With significant local heritage dating back to the 1800s, the Knorr Lakeside Ranch presents a rare opportunity to purchase one of the last large remaining tracts of unencumbered land in Summit County. This first-time offering of 1125 contiguous acres, 1.4 miles of reservoir frontage, upper acreage bordering Arapahoe National Forest, and over 30 CFS of senior water rights dating back to 1896, is perfectly positioned to offer a solution to Summit County’s conflict between the citizens’ desire for open space and the growing demand for affordable housing.
Construction of the Green Mountain Reservoir Dam began in 1938 as part of the Colorado Big-Thompson Project. The Knorr Ranch once existed at the basin of the present-day Green Mountain Reservoir waters and was relocated to land at a higher elevation surrounding the reservoir to accommodate the project.
In 2013, the Summit County Housing Authority authorized the Summit County Housing Needs Assessment study. This assessment identified the number of units that would need to be produced to house the local workforce through 2020. A subsequent 2016 study reaffirmed what was originally discovered – the housing demands in Summit County were significant. Both studies concluded that at least 1685 housing units need to be created by 2020 to sustain the growing workforce. The Knorr Lakeside Ranch presents an opportunity for future development of sub-dividable land with water rights, to help meet the housing demands of the growing community.
This unencumbered property overlooking the reservoir is also ideally situated for a developer with big ideas, including the potential for a golf course or other project that has unique requirements such as ample water resources.
Summit County has an aggressive conservation and open space program, with a mill levy funding mechanism in place for acquisition of open space. This acreage presents unique potential for conservation and is one of the last opportunities of its kind.
The historic Knorr Ranch is offered for sale at $8,438,000 by the original owners. 1125 Contiguous acres including 1.4 miles Green Mountain Reservoir frontage and significant water recourses, the Ranch is poised with the potential to create a renaissance in Summit County, just as the Green Mountain Reservoir Project did all those years ago.
Exclusively represented by Ren Martyn of Steamboat Sotheby’s International Realty
Click Here to Email Ren, or call him at 970-846-3118.