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Property Description

We are pleased to exclusively offer the opportunity to acquire River Valley Ranch Golf Club (also referred to as “the Club” herein) in Carbondale, Colorado.

River Valley Ranch golf course was named to the top ten public courses in Colorado by Golf Week Magazine in 2022 and 2023. It was designed by Colorado native and golf hall-of-famer Jay Morrish. At 7,328 yards, this par-72, 18-hole championship public golf course is located halfway between Aspen and Glenwood Springs. Expansive mountain views and the pristine waters of the Crystal River flank four unique holes of play on a course set in perfect harmony with the vast natural river valley. Mount Sopris, rising to 12,965 ft, towers high above the valley floor, offering breathtaking views from every vantage point.

This is a rare opportunity to acquire a premier golf asset in one of Colorado’s most desirable mountain communities. With its award-winning course design, spectacular setting, and strong regional draw, River Valley Ranch Golf Club is well-positioned for continued success under new ownership.

Amenities
Investment Highlights

Priced at $24,500,000                                                                                                                                                                                
❖ $8,500,000 Golf Course Valuation : 8.06x EBITDA Multiple | 12.40% Cap Rate | 45.75% IRR
❖ $16,000,000 Development Land Valuation                                                    

T-12 (Feb 24 – Jan 25) Gross Revenue: $4,056,013 | T-12 Projected EBITDA: $1,054,686

Upside Potential:                                                                                               
❖ Private/Public Hybrid-Club Conversion: Stabilized Estimated EBITDA - $4,680,554
❖ Condo-Hotel Development: Estimated Total Unit Sales - $76,374,990         

Prime location directly off Highway 82, between Glenwood Springs and Aspen — a paradise for outdoor enthusiasts

Properious Community: Average Household Income within the community is $135,214 | Median HH Income is $109,225

Address Map
303

River Valley Ranch

303 River Valley Ranch Rd, Carbondale, Colorado 81623

$24,500,000
Basic Details
Status : Available
Price : $24,500,000
Listing Type : Public
Holes : 18
Year Built : 1998
Ownership : Fee Simple
Country : United States
Acres : 187.01
Listing Broker : Jennifer Stein Real Estate, Inc.
Listing Broker Name : Jennifer D Stein
Listing Broker License : CO - IC100097638
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Chris Karamitsos
Leisure Investment Properties Group
17539 Darby Lane, Tampa, FL 33558
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17539 Darby Lane | Tampa, FL | 33558

(813) 269-1144

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