Home | About Ennis | Real Estate | For Sale | Photos | Slide Show | Articles | Directory | Contact |
Rich Helping the Land - Ennis, Madison Valley, Madison RiverBy: Scott McMillion
|
“You can build a green building,” Lang said. “But if you ruin the elk migration route, how is that green?” The lots are expensive, Lang agreed. For the same price, you could buy a sizable ranch or a slopeside mansion at the Yellowstone Club. Eight of 10 people with the money and desire for a vacation place in Montana will be looking for their own ranch or a resort lot, he said. “This isn’t for everybody,” he said. “This model works for the conscientious wealthy person.” But it might work in some places. Lang says it will work here, and provide a model for other landowners. “We live in a market-driven economy and we need a market-driven system,” he said. IS THERE A MARKET? Randy Carpenter is a land-use planner in Bozeman at The Sonoran Institute, which advocates low-impact development. “To be truly green, a development is done in town, where the infrastructure already exists,” he said. “But we know (development) is coming to rural areas and that’s a fact. And when it is, we hope it’s done in the most sensitive way. And from what I know, Roger’s is being done in the most sensitive way.” Installing a conservation easement is a critical component, Lang said. “That way, the buyer knows I don’t have a phase two or phase three (of future developments) up my sleeve,” he said. And Lang’s model could be replicated by other landowners, Carpenter said. Few properties offer the natural amenities or the vast open spaces that the Sun Ranch provides, but there are a lot of beautiful places threatened by development. If somebody wanted to sell four lots on a square mile with outstanding views, they aren’t likely to get $5 million apiece for them, he said. “But is it a $500,000 property?” Carpenter asked. Maybe. And selling four expensive properties could provide as much profit and a lot less hassle to a landowner as a “cookie cutter,” subdivision, he said. Plus, it lets the majority of the land remain in agriculture or wildlife habitat. That’s an idea held by Madison Valley rancher John Crumley, who, along with two other ranchers, owns a 6,000-acre mountain parcel west of Ennis. It’s already protected by a conservation easement that allows three homes to be built on small acreages. It’s got trees and sage and wildlife and “views to kill for,” he said. So he’s tried to sell those lots with newspaper advertisements, offering a building site with full recreational access to the rest of the property. It’s a way, he said, “to capitalize on being land rich.” “We were going to raise some capital and just keep ranching,” he said. “You’d have all the amenities of a large ranch without buying the whole thing, and you wouldn’t have to hire managers.” He offered the parcels at $3 million to $5 million, but hasn’t had any takers so far. He said he got lots of calls, but found a lot of sticker shock. “People aren’t used to that idea yet,” he said. Most wealthy buyers like the idea of owning their own ranch. “That’s what’s in vogue now,” Crumley said. But if somebody wants access to lots of acres, buying just a few of them might do the trick. A scan of ranches offered by Bozeman area Realtors shows that you can spend several times that much money and get just a few hundred acres. But vogues change all the time, especially with an ongoing shortage of qualified ranch managers, people who can not only run cows, but foster elk habitat, restore a trout stream and deal with the tastes of urban visitors. “As traditional ranch management evolves toward resource management, the pool of qualified candidates shrinks,” land brokers Hall and Hall said in a recent newsletter. “I think it’s going to catch on,” Crumley said of the shared-ownership concept. “It’s maybe a little ahead of its time. But Roger’s been able to get it started. Word travels pretty fast in those circles.” (back to main Articles Page) |
| © 2007-2008 59729.com. All Rights Reserved. Terms of Use |