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The Jackson Hole Area Scores Its First Big Ranch Sale of 2024

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Lost Creek Ranch
Latham Jenkins Kicks Off Year with Monumental Sale of a Premiere Guest Ranch Surrounded by Wilderness

JACKSON HOLE, Wyo. - eTradeWire -- In a landmark transaction marking the beginning of an auspicious year, Lost Creek Ranch, one of Jackson Hole's most esteemed guest ranches, has been acquired by the Bruce Gottwald Family. This sale, facilitated by renowned listing agent Latham Jenkins of Live Water Properties, underscores the enduring legacy and allure of this historic property.

Founded in 1925, Lost Creek Ranch has stood as a testament to the spirit of the American West for nearly a century. Under the stewardship of the Halpin Family since 1969, the ranch has become a cherished destination for travelers seeking an authentic western experience. It's been in operation for almost 100 years with an impressive pedigree hosting all types of dignitaries seeking a Western experience. The ranch was the cover feature in '93 of Architectural Digest and more recently the setting for the season 3 opener of Modern Family.

Now, after 55 years under the Halpins' ownership, the ranch embarks on a new chapter with the Gottwald Family at the helm.

"The sale of Lost Creek Ranch represents a pinnacle moment in my career," remarked Jenkins, reflecting on the significance of the transaction. "These iconic properties hold a special place in the heart of Jackson Hole, shaping its heritage and hospitality industry. It's an honor to play a role in preserving their legacy."

The Gottwald Family's connection to Lost Creek runs deep, with several members having spent summers as guests and employees. Their commitment to upholding the ranch's traditions and ethos of stewardship resonates strongly with the Jackson Hole community. With plans to continue operating Lost Creek as a luxury guest ranch, the Gottwalds bring a wealth of experience from their hospitality ventures, including The Georges Inn in Lexington, Virginia, recognized as one of the Top 100 Hotels in the World.

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The 50-acre property is a private island surrounded by a sea of wilderness (Grand Teton National Park and Bridger-Teton National Forest). The 36,094 sq ft ranch contains 27 structures. The land also includes a spa, pool house, an arena, boat house, well house and much more on site. The rustic log cabins are separated by Half Duplex, Full duplex, King suite and Living room cabin. With ranch activities like horseback riding available for residents and a variety of dining experiences.

The broader trend revealed in the end of 2023 Redfin report is the uptick in luxury home sales across nearly a third of major U.S. metropolitan areas. Nationally, the supply of luxury housing increased by 3%, accompanied by a remarkable sales surge of over 30% in select metros. Conversely, non-luxury home sales experienced declines across all major U.S. metros, with a notable 21% decrease in overall non-luxury supply. The report highlights a growing preference among luxury buyers for all-cash transactions (43%) or enduring high mortgage rates with the expectation of refinancing later. Unlike the non-luxury market, the luxury real estate sector appears less affected by elevated mortgage rates and home prices.

Jenkins's strategic marketing efforts garnered global attention for Lost Creek Ranch, with features in prestigious publications such as Forbes, Robb Report, Mansion Global and many more. His unparalleled expertise and dedication to showcasing the ranch's unique appeal played a pivotal role in attracting discerning buyers from around the world.

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The media presence reinforced the property's value. Just recently Lost Creek Ranch was featured as the fourth most worldwide listing showcased on Mansion Global. This is Jenkins' second listing to have achieved this level of recognition and engagement. In 2020, Cody Creek Sanctuary, a 65-acre Jackson Hole property with a resident elk herd, spring creeks, and a traditional log home, came in third place in the Wall Street Journal's annual House of the Year reader poll.

Jasmin Stidham, the ranch's general manager, commended Jenkins's exceptional efforts in promoting Lost Creek. "Latham's unparalleled expertise and global reach have truly elevated the profile of Lost Creek Ranch," she remarked. "His commitment to excellence is evident in every aspect of his work."

As Lost Creek Ranch transitions into the hands of new owners, the Jackson Hole community anticipates the continuation of its rich legacy and the preservation of its timeless charm. For more information about Lost Creek Ranch, visit www.LostCreek.RealEstate.

About Latham Jenkins
Latham's personal mantra – connecting people with experiences – informs all that he does. It's how he guides each buyer through this life-changing transaction, driven by his three areas of "hyper-local" expertise: real estate services, lifestyle insights and valued relationships with premier financial planners. With Latham, buyers find more than a home; they find a way of life. In 2021, Jenkins was named Live Water Properties' Top Producing National Broker and runner-up in 2018 & 2020. Latham has been named an Achiever in 2023 by RISMedia Newsmaker. Latham was awarded as the #1 (2021) and #2 (2022) in individual residential sales in Wyoming ranked by Real Trends.

Source: Latham Jenkins
Filed Under: Real Estate, Travel, Tourism

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