We all know its a buyer’s market, even in the super high multi-million dollar range. Our firnds at Hall and Hall recently sent us this listing we thoguht you might enjoy perusing. Hall and Hall recently listed one of the premiere fishing properties on the planet, Yampa Tailwaters, in Steamboat Springs, CO. Just a little over a week ago it had a significant price cut (more than 20%). It is now listed at $21.5 million. Bargain!

http://hallhall.com/ranches-for-sale/property-detail.php?id=378&stid=06

Realtors say this is happening left and right, and buyers who are not trying to pinpoint the bottom of the market can find all sorts of opportunities. A lot of sellers, particularly those with a higher basis in a property, are recognizing current market conditions and adjusting their asking price. According to Hall and Hall, this price cut is very indicative of what they are seeing across the board–15 to 25 percent off market highs.

Here is the description of this fantastic property:
Offering the ultimate combination of trophy trout fishing, privacy and accessibility, Yampa Tailwaters features a private tailwater fishery in its own protected valley located just minutes from Steamboat Springs. The ranch offers outstanding fishing nearly every day of the year on one of the finest sections of private trout water in existence. The Yampa River meanders through the ranch past cliffs and through irrigated meadows for nearly two miles below Catamount Dam. The nutrient-rich waters support prolific aquatic life and grow an abundance of hefty trout. From its location at the base of Rabbit Ears Pass, the ranch attracts a wide variety of wildlife and features panoramic views of the Continental Divide. At just 7 miles from Steamboat Springs, the ranch offers exceptionally convenient access to the amenities and activities of this world-class ski town. This 514±-acre property represents the largest intact ranch left on the Yampa River in the valley immediately south of Steamboat and is an extraordinarily rare opportunity to protect a landmark ranch while creating the ultimate private fishing retreat with a host of exceptional home sites.

Co-listed with Randall Hannaway, Colorado Group Realty. For more info, email bsmith@hallandhall.com.

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