The 119-acre Wyoming ranch, which was lost by a cowboy gambling in the 1940s, was listed for sale in August for $58 million. It borders Grand Teton National Park and covers half a mile of the Gros Ventre River.
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A large 119-acre ranch in Jackson Hole that was lost to a gambling cowboy in the 1940s is now under new ownership. Casper Star Tribune reported last week.
Grand View River Ranch was listed for sale in August for $58 million and has now found a buyer.
David A. NeVille and Shawn M. Asbell of Keller Williams Jackson Hole represented the property. The identity of the buyer and the final transaction price have not been disclosed.
“It’s one of the most unique legacies,” Neville told Inman. “This is such a unique, wonderful, amazing property with its abundant water, access to Jackson, its location and setting.”
“This is one of those once-in-a-lifetime sales events that people can be a part of, so we’re excited to be a part of it.”
He added that after a period of careful due diligence, he and Asbell believe they have found a buyer who will be a good steward of the property’s legacy.
Image source: Orijin Media
The property, which surrounds the Gros Ventre River for about a half-mile, was built during John D. Rockefeller Jr.’s acquisition of land in the West to eventually create some of the West’s most iconic national parks. The property has been a holdout for private ownership.
From the mid-1920s to the mid-1940s, Rockefeller acquired approximately 35,000 acres of land in the Tetons, and by 1942 he was ready to give it up. A year later, President Franklin Roosevelt created the Jackson Hole Memorial, which included Rockefeller’s land. The action angered ranchers who wanted to retain private ownership of the land and sparked protests. Eventually, although most of the land was designated Grand Teton National Park in 1950, some private ownership remains, including ownership of the Grand View River Ranch.
The homestead has reportedly changed hands several times since its original homestead, and in 1944, a cowboy named Claude Wham allegedly bought it from John Barnes during a card game. Barnes won the Grand View River Ranch. accommodation website.
Vanham used the land as a hunting camp and sold it to his employers, brothers Roy and Reese Chambers, in 1959. The Chambers brothers converted the land into a private ranch.
Image source: Orijin Media
The ranch’s latest sellers, Karl and Tina Weber, acquired the land from the Chambers brothers in 1986 and built three guest houses on the property. During its ownership it built a steel bridge over the Gros Ventre river and arena with cabins, a barn, the owner’s residence and a guest house.
The property occupies a vast area with 24 different buildings.
Karl and Tina Weber previously co-owned another in the area with real estate mogul Gerald T. Halpin and his wife, Helen Large ranch Lost Creek Ranch. The Halpin family reportedly took over exclusive ownership of the property in the 1980s and sold it for an undisclosed price earlier this year. Rob Report. The ranch is listed for nearly $40 million.
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