Carl Medearis Purchases the Jones and Hank Smith Ranch
ELIZABETH, CO / ACCESSWIRE / October 31, 2024 / In a significant expansion of his real estate portfolio, Carl Medearis is pleased to announce the purchase of the iconic Jones and Hank Smith Ranch, a sprawling 7,810-acre property located just east of Elizabeth, Colorado. Acquired for $13.2 million, this acquisition marks a new chapter in sustainable land development and preservation.
Carl Medearis, a seasoned real estate investor and developer known for his innovative approach to complex properties, sees this acquisition as more than just a purchase-it's an opportunity to revitalize and preserve one of Colorado's most storied landscapes. "This land isn't just an investment; it's a commitment to the community and to the beautiful, natural environment of our region," said Medearis.
The ranch, renowned for its vast meadows and towering Ponderosa pines, offers breathtaking views stretching from Pikes Peak to Long's Peak. Medearis's plan includes a creative subdivision of the ranch into eight smaller parcels, carefully planned to enhance the land's value and accessibility while maintaining its natural beauty.
The sale of about 80% of the ranch has already recouped the initial investment, allowing Medearis to retain 1,500 acres of the most scenic land for further development and conservation. The strategic subdivision of these parcels ensures that each new owner can enjoy a unique piece of Colorado's wilderness, whether for building a dream home or establishing a private retreat.
On September 17th, the first of these parcels, a stunning 260-acre plot characterized by dense Ponderosa forests and exceptional mountain vistas, will be offered for sale. Priced at $950,000, this property is ideal for those seeking to build a residence in harmony with nature, providing an unparalleled rural living experience near the conveniences of Elizabeth and the surrounding communities.
Looking ahead, Carl Medearis plans to market additional ranchettes from the remaining 1,250 acres, with sizes ranging from 40 to 160 acres. This phased approach to sales caters to a diverse group of buyers, from those desiring modest homesteads to others envisioning more expansive rural estates.
"This project is a perfect example of how we can balance development with conservation," Medearis added. "It's about making thoughtful, informed decisions that not only respect the land but also bring long-term value to our community and investors."
For more information on the Jones and Hank Smith Ranch parcels or to schedule a site visit, please visit www.carlmedeariscolorado.com.
About Carl Medearis:
Carl Medearis is an expert in real estate investment and development, with a focus on projects that enhance community value and preserve the natural environment. With over three decades in the industry, Carl brings a strategic, thoughtful approach to his projects, ensuring that each development respects the land's heritage and potential.
Contact: info@carlmedeariscolorado.com
SOURCE: Carl Medearis
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