GOSSIP & RUMORS: Sprawling Colorado Western-themed estate coming to auction
It would be difficult to feel bored at this dramatic 53-acre estate just outside Vail, Colorado — one that’s about to hit the auction block.
It was last part of a 457-acre parcel that was sold for $40 million — after it had asked $78 million in 2019.
The sprawling estate will be auctioned live at Sotheby’s in New York on March 21 with no reserve bid, sold to the highest bidder, with expected starting bids of $15 million to $25 million, sources tell Gimme Shelter. The sale will be handled by Concierge Auctions, and LIV Sotheby International Realty listing brokers Malia Nobrega and Barbara Gardner.
When the Casteel Creek property, at 2400 and 1683 Casteel Creek Road, last traded, it was sold by an individual family — who was rumored to have put more than $100 million into developing the property — to the Florida real estate development company Baseline Property Group.
The real estate group planned to keep the main house, the Western town theme and guest homes — and sell off land parcels, according to the Wall Street Journal. Instead, Baseline Property put the main “heart” of the estate back on the market. The serene setting borders 2 million acres of US Forest Service land in the heart of the Vail Valley.
The 30,350-square-foot main house — accented with wood, stone, high ceilings and floor-to-ceiling windows — comes with eight bedrooms, plus an ice cream parlor and a custom cowboy saloon modeled after Jackson Hole’s Silver Dollar Bar & Grill in the Wort Hotel.
There are also more expected luxury amenities, such as a chef’s kitchen, a home theater, a large gym and a spa. Guests can see Finnegan Peak from the living room, and the Gorge Range and Sawatch Range mountains from the hot tub outside. One of its other wow factors is a 200-foot, million-dollar steel cantilevered viewing bridge that suspends mid-forest for taking in stunning views of the Sawatch Range and sounds of the creek below.
There’s also a 3,276-square-foot guest cabin and a Western town-themed car and toy barn, along with an “authentic sheriff’s office and jail cell” — and even a gear room for helmets, gloves, boots, snowmobiles and more.
Whoever buys the property will also have access and partial ownership of the newly upgraded Coyote Lodge, a 27,850-square-foot entertainment space on 38 acres. That’s where one finds a shooting range, a climbing wall, a pool, a catering kitchen and formal living and dining areas, as well as a Japanese teppanyaki-style grilling area, a bar and game room, and an indoor field house — with pickle ball, tennis and basketball courts.
Outside, there’s a trout-stocked pond, a soccer field, patios, a hot tub and a playground. The property is ideal for outdoor activities — from snowmobiling and cross-country skiing to ATV adventures, mountain biking, hiking, shooting, fly fishing, rock climbing and more.
“It will be amazing, whoever gets it. It’s an incredible opportunity,” Nobrega said. “One individual person had bought the neighborhood. It was a shame to have one family own this when you can have more people to enjoy and share it. The concept is to share a huge amount of joint acerage and the entertainment and recreation venue, the Coyote Lodge, while keeping a huge private estate to yourself.”