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265 N 4th Laramie, WY 82072
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Baggs Wyoming Branch
Box 240
Baggs, Wyoming 82321
307-383-2125

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Basin Ranch Elk Mountain, Wyoming SOLD!

Livestock grazing on Basin Ranch Location, Area Description: The magnificent Palm-Basin Ranch is located in south central Carbon County, Wyoming less than one hour northeast of Saratoga, 1 hour northwest of Laramie, and about 3 hours from Denver, Colorado. The ranch lies due south of the small town of Elk Mountain, which is about halfway between Laramie and Rawlins along Interstate 80.

Saratoga (population 2000±) is one of Wyoming's premier mountain communities, offering good restaurants, shopping, mineral hot springs and is also home to the famous Old Baldy Club, an 18-hole golf course. The major draw to this community is the excellent flyfishing on the famous North Platte River and Old Baldy Golf Resort. The Platte River Valley is widely known for its blue ribbon trout fishing and is a major destination for those desiring an opportunity to enjoy the outdoors and wildlife.

Prime
Hunting & Fishing
Property

Access to the ranch from Saratoga is by county roads to the north boundary, then by private road to the current headquarters. The Saratoga airport, Shively Field, is used extensively by the largest of private jets and is one of the busiest in Wyoming. Commercial service is available one hour from the ranch via Interstate 80 in Laramie, Wyoming. Laramie is home to Wyoming's only four-year university, offering great cultural and sporting events in a town of 27,000. The local hometown, Elk Mountain, has a wonderful café, convenience store, post office, schools and the Elk Mountain Hotel, which offers a gourmet menu to its guests. Local color can always be observed and heard here in this tiny mountain hamlet.

Water, Wildlife and the Basin Lands:

The Palm-Basin Ranch is suitably named, as it controls the Pass Creek Basin leading up into the huge expanse of national forest lands. The Basin Ranch (consisting of almost 19 sections of deeded land) is framed by the Snowy Range and Medicine Bow Peak (12,013 feet) to the south, and Kennaday Peak (10,800 feet) and Pennock Mountain (9,965 feet with the ranch deeded lands running nearly to the top) to the west. The area's namesake - Elk Mountain (11,156 feet) - stands alone to the north. True to its name, the Basin is a mountain hideaway in a bowl full of streams, trees, excellent mountain vistas and wildlife.

There are numerous creeks that flow down from the Medicine Bow National Forest and the Snowy Range to form Pass Creek. The high mountain basin backs up against twelve miles of national forest boundary, then slopes down in elevation to the north as these streams collect into Pass Creek, which provide several miles of great fishing. Little Pass Creek and numerous other creeks provide additional fishing waters. Large brook trout and an occasional rainbow populate Pass Creek and the smaller streams. Several beaver ponds are located on the streams and the Ranch has a small lake that had been stocked with fish in years past. Already a wonderful fishery, the Basin provides outstanding opportunities to develop additional fisheries due to the outstanding water resources that are available. One could spend many years enjoying the Basin's abundant waters.

The Basin Ranch is a true wildlife paradise, widely known to locals and wildlife enthusiasts throughout the region as harboring the best elk population in the area. Trophy class bulls have been taken from the ranch. In addition, numerous antelope can be found on the property along with mule deer and moose. The Snowy Range is the most recent area in Wyoming to offer moose hunting, with several Boone & Crocket class bulls harvested in 2002. Waterfowl frequent the ranch as summer nesting residents and migratory flocks pass through in the fall.

The elevation of the ranch ranges from 7,600' along Pass Creek to 8,800' on the east slope of Pennock Mountain. According to the Natural Resource Conservation Service, the annual precipitation for the area is 20" to 25" (30-year average).

Ranch Acreage:

  • 11,981 ± Acres Deeded
  • 2,187 ± State of Wyoming Lease
  • 760 ± BLM Lease
  • 14,928 ± Total
  • The ranch also has an U.S. Forest Permit to graze 80 cow/calf pairs.

Water Rights: The ranch holds adjudicated water rights, with the State of Wyoming, for over 5,100 acres.

Minerals: All mineral rights owned by the Seller, if any, shall be conveyed to the Buyer.

Property Taxes: Real estate taxes for 2003 were $9,000.34

Lease Costs: $3,635. Subject to change during next grazing season

Livestock Operation/Hay Production: This is a highly productive mountain ranch with a combination of irrigated lands and quality mountain pasture. The current owners historically have run a cow herd of 500 cows and pasture an additional 3,500 yearling cattle late May to October. In addition they harvest approximately 2,000 tons of hay. The ranch is owner rated at approximately 2,200 animal units.

Improvements: The ranch headquarter improvements consist of a large residence in very good condition, a bunk house, cook house, shop, machine shed, certified livestock scale (20,000 lb.), and a large set of working corrals. There is an old cow camp cabin located in the hills that is perfect for a "hunting camp".

Brokers Comments: The Basin is truly and extraordinary mountain ranch offering all that is sought after today. One that has been in the same ownership for half a century. This is a ranch with all the aspects so desired in today's market--a property with end-of-the-road privacy in its own mountain valley, excellent improvement sites with views, year-round access, all utilities in place, out-the-door recreation on National Forest lands, and wildlife year-round. Also offering extremely good elk hunting on the ranch and great fishing on several miles of streams. This mountain ranch controls a large, contiguous block of deeded land with 12 miles of its boundary adjoining national forest lands. A rare opportunity to acquire a spectacular pristine mountain ranch.

Price: $12,000,000 SOLD! The Palm-Basin Ranch is owned by a Wyoming C-Corporation, with the corporation stock being exclusively held by the Palm family. The family is offering the corporation for $12,000,000.00 (Twelve Million Dollars) and will convey their stock in the C-Corporation to the buyer at closing. All corporate assets are included. In addition to the land, improvements, permits and leases, all chattels, including livestock, equipment and feed on hand, along with operational funds are included in the price with an inventory to be done on date of contract. Existing debt of the corporation is approximately $840,000.00 and will be the responsibility of the buyer.

Fences and Boundary Lines: This information and any other information contained in this Exclusive Listing Agreement has been obtained from sources deemed to be reliable by Pearson Real Estate Co., Inc. and Western United Realty LLC; however, the accuracy of this information is not guaranteed or warranted by either Pearson Real Estate Co., Inc., Western United Realty LLC or the Sellers. Prospective buyers are charged with making and expected to conduct their own independent investigation of the information contained herein. This offering is subject to prior sale, price change, correction or withdrawal without notice.

The Seller is making known to all potential purchasers that there may be variations between the deeded property lines and the location for the existing fence boundary lines on the subject property. Seller and Brokers makes no warranties with regard to location of the fence lines in relationship to the deeded property lines, nor do the Seller and Brokers make any warranties or representations with regard to specific acreage within the fenced property lines. Seller is selling the property in an "AS IS" condition, which includes the location of the fences, as they exist. The boundaries shown on accompanying maps are approximate based on the legal description and may not reflect actual fence lines and do not indicate a survey. Maps are not to scale and are for visual aid only. The accuracy is not guaranteed.

Water Rights:

Creek Tributary Permit Name of Ditch Date Ft./Sec. Acres Headgate
Lee Pass Creek Territorial Lee 5/15/1883 4.28 300 28.18.81
Lee Pass Creek Territorial Lee #2 5/15/1887 4.25 300 21.18.81
Pass North Platte Territorial Hardin Robinson 4/15/1891 13.76 960 23.18.81
Turpin Medicine Bow #968 Elk 4/17/1895 31.43 2,200 28.18.80
White Pass Creek #969 Basin 4/17/1895 1.78 125 18.18.80
Turpin Medicine Bow #172 Elk 12/19/1895 11.28 790 28.18.80
Lee Pass Creek #1419 Lee #2 12/31/1897 .50 35 21.18.81
Pass North Platte #1182.5 School Section 11/20/1895 2.71 155 27.18.81
Pass North Platte #610 U.L. 11/01/1893 3.42 240 27.18.81
The Basin Ranch owns 19% of the Turpin Park Irrigation Company
TOTAL ACRES 5,105±

Leases and Permits:

State of Wyoming lease: Lease #3-8641 for 853 Aums on 2,186.56 acres
Bureau of Land Management: Allotment #00871, Basin Ranch for 127 Aums.
Forest Service: Waiver of Allotment #706, Pass Creek Cattle for 80 cattle 6/21 to 9/15

Co-Listed with Pearson Real Estate, Buffalo, WY


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All information contained herein is taken from sources considered reliable, but is not guaranteed by either Seller or Broker. Maps and other visual aids are provided for informational purposes only and no representation is made as to their accuracy. Legal descriptions may or may not coincide with the actual boundaries and fence lines may or may not be on the legal boundaries. It is Buyer's responsibility to verify all information to their own satisfaction. Offering subject to withdrawal, prior sale, price change or correction without notice.

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