Family Ranch in Colorado Sold for First Time in More than 60 Years

WINTER PARK, Colo. - Oct. 23, 2018 - PRLog -- More than 920 acres of ranch land, commonly known as Hurd Creek Ranch, recently sold at auction for $8.9 million in Winter Park, Colo.

Conducted by Brett Ginger, broker of United Country Real Estate | Gingery and Associates, and Shawn Terrel, auctioneer & president of United Country Auction Services, the live auction brought in more than 200 in attendance with buyers from multiple states. The property was offered in 13 individual tracts that ranged between $8,000 and $15,000 per acre at auction.

"It was an honor to work for the Paulk Family and thrilling to watch the auction process lead to a wildly successful event and sale," said Gingery. "Land like this does not come up for sale very often, and putting a set price on the stunning views and senior water rights was not an option. Selling the land at auction allowed the market to set the price. People in the county will be talking about this auction for a long time coming."

"We combined our efforts together with our talented network of brokers, auctioneers and marketing team to hit a home run with this auction," said Terrel. "When you have a property that offers important elements like water rights a good location and a lot of acreage, you have a prime candidate for a multi-parcel land auction. We took a legacy ranch and converted it into desirable and affordable tracts, which changed the product and maximized the value of the ranch."

The 13 tracts sold ranged from 36 to 215 acres and were purchased by buyers from Colorado, Florida and Texas. Three of the tracts were placed under contract prior to the auction due to the high demand in the days leading up to the auction event. The land included scenic mountain build sites, ranch/hay land and senior water rights with live water on multiple tracts. Terrel said both the buyers and the sellers of the land were all very happy with the auction's outcome.

"We have some of the most experienced real estate auctioneers in the nation. When we put an event like this together, it takes a lot of elements that I think most people may not realize. From basic logistics of event set up, the product knowledge, how to present the multi-parcel bidding concept to the public," said Terrel. "United Country has a long-standing reputation with large land sales and this is another great example of the network and power that we have as a company."

To learn more about United Country Auction Services or to find an auctioneer near you, visit www.UCAuctionServices.com.

About United Country

United Country Real Estate (http://www.unitedcountry.com/) –is the leading, fully integrated network of conventional and auction real estate professionals. The company has been an innovator in lifestyle and country real estate marketing since 1925. United Country has a combined network that supports nearly 500 offices and 6,000 real estate professionals across four continents, with a unique, comprehensive marketing program that includes the highest ranked and largest portfolios of specialty property marketing websites, the largest real estate marketing services company, an extensive buyer database of more than 700,000 opt-in buyers and exclusive global advertising of properties.