A sprawling ranch in northern California that’s almost twice the size of Manhattan has hit the market for the first time since being created by the late stock market tycoon Dean Witter.
Lone Pine Ranch, in both Trinity and Mendocino counties, is asking $31 million.
— Mansion Global (@MansionGlobal) February 16, 2018
It’s the culmination of three land acquisitions made by Witter starting in 1942, according to listing agent Bill McDavid of Hall & Hall.
Witter, who died in 1969 at the age of 81, co-founded the investment firm Dean Witter & Co., which went on to merge with Morgan Stanley in 1997.
The 26,601-acre ranch hit the market last month and has “been in the family this whole time,” said Mr. McDavid, who shares the listing with Jim Redd of Four Star Realty and Kevin Sullivan of Kevin Sullivan Realty.
The ranch’s 5,300-square-foot main house was built in the mid-1930s and is joined on the land by several additional houses, sheds, barns and bunkhouses, according to the listing.
“They’re all decades old,” Mr. McDavid said, and they “all have a really authentic character to them.”
It’s likely a buyer is going to want to update the main home, Mr. McDavid said.
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It’s typically difficult to find ranches that have everything, according to Mr. McDavid. “Usually you have to make some sacrifice, like I really want a big herd of elk or I want trout water. It’s very hard to get it all in one place,” he added.
But Lone Pine Ranch has an extremely diverse amount of wildlife and land, Mr. McDavid told Mansion Global. There’s viable cattle and timber operations, fishable water, and resident wildlife includes populations of elk, blacktail deer, pig, bear and quail.
“You go to some other parts of California and you’re going to find some pretty desolate land, this place is really rich,” Mr. McDavid said. “It’s just a really beautiful landscape.”
The Los Angeles Times first reported the listing.
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