Sandstone Ranch in Larkspur sells for $18.75 million

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Douglas County

Property Location: Vicinity southwest corner Perry Park Blvd. & Highway 105, Larkspur, “Sandstone Ranch”

Property Description: Ranch

Land Size: 2,038 acres

Sales Price: $18.75M, or $9,200 per acre

Reception No.: 2018003933

Closing Date: 1/24

Grantor: AR Sandstone LLC by: Hearthstone Inc., David Brittain, SVP, 818-385-3698, or Mark Porath, CEO, 818-385-0005

Grantee: Douglas County Commissioners

Financing: Cash

Comments: Sold by Ken Mirr of Mirr Ranch Group, 303-623-4545. Sandstone Ranch will remain a working ranch, and trails will be added. The property sold in January 2006 for $22.5 million, and the seller was planning to develop 106 home sites.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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