For someone who wants land, lots of land
with starry skies above and doesn't want to
be fenced in, the Alexis Creek Ranch may be
just the property.
It will have to be a rich someone, however,
with a $23.5-million US list price for a
working ranch of 104,000 hectares (4,000
hectares deeded and 100,000 acres of range
leases) that begins about 80 km west of Williams Lake.
Irv Ridd, CEO of the listing agency Cascadia
Pacific Realty -- an exclusive affiliate of
Christie's Great Estates -- described it as
"one-of-a-kind" trophy property.
The listing, however, is a fraction of the
granddaddy of B.C. ranch sales, the 2003
transaction that saw Denver sports magnate Stanley Kroenke buy the
famed Douglas Lake Ranch for a reported $93
million.
The Alexis Creek Ranch was carved out of the
Chilcotin plateau in 1887 and was once owned
by the German Prince Richard Wittgenstein.
The current owner, a Seattle-based
electronics firm magnate, is in his early
70s and wants to retire from ranch life.
A key selling feature of the property is its
1,500-metre paved landing strip with heated
hangar -- classified by the department of
transportation as a Class-2 airport -- that
the present owner uses to fly in every two
weeks in his private jet.
Ridd said his staff jokes that "we're an
airport that just happens to be surrounded
by a ranch."
"But if you're profiling for [the ranch]
you've got to think about the owner of the
property being able to fly in and enjoy the
whole ranching experience."
That said, he added that the current owner
"doesn't play weekend cowboy." He bought it
in 1993 from Wittgenstein and is the owner
who built the private airport, its
seven-bedroom main house with five-bedroom
guest house, and irrigated 720 hectares for
crop production.
Ridd said the owner has become healthier
than he was when he first stepped onto the
ranch 15 years ago, and suspects "there's
quite a bit of remorse" in making the
decision to sell, but wants to spend more
time with his grandchildren.
The Alexis Creek Ranch still operates a
1,000-cow breeding herd with 50 purebred
Black Angus bulls, but the advent of
well-heeled buyers looking to live a
rancher's lifestyle has changed the ranching
business.
Rudy Nielsen, president of
NIHO
Land and Cattle Co., a long-time rural
and recreational real-estate firm, said
there is a market, albeit a small market,
for ranches as big as the Alexis Creek property.
"But the guys that do want to buy it don't
care about the price," he added, which
changes the dynamic of the business from
when land used to be priced by how many
cow-calf pairs the range could sustain.
"It's very difficult to compete against the
guy who doesn't care whether he gets an
income [from the ranch] or not," he added.