TBD 31 U, Telluride, CO 81435 - San Miguel County

TellurideMountain View Ranch is comprised of 4,238A± deeded acres overlooking theUncompahgre National Forest. Located just south of Norwood, Colorado, this richpiece of property has so much to offer for the outdoor enthusiast, fromhunting, hiking, fishing or just taking in the outstanding scenery. Theflat-top mountains provide for the most breathtaking views, you can see LoneCone, the San Juan's, and the ski runs up at Telluride all from the ranch.

TellurideMountain View Ranch currently holds a 2,203A± acre State Recreational lease anda landlocked 640A± acre State Ag lease. Leases do not run with the property but can be applied for by thebuyers.* Sections of the ranchare under conservation easement, for future generations to enjoy, that will runwith the ranch. The ranch has 9 ponds and 9 thousand feet of canal systemproviding numerous water sources. Underground power borders the ranch and year-round access, making fordevelopment opportunities. Telluride Mountain View Ranch is within 1 mile ofMiramonte Reservoir, and 300 thousand acres of public land borders the ranch,giving you access to tons more of recreational opportunities.

Locatedin Unit 70 the ranch holds abundant elk herds with moderate climates for greatwildlife survival throughout the winters. Every year you can expect to havenumerous opportunities at 6x6 bulls. The Unit offers over-the-counter elk tags,and the ranch historically gets 6 landowner deer tags a year. Unit 70 isapproximately 966A± acres, with 30% being privately owned. The ranch's highcountry provides lush grasses, and the ranch is full of oak brush that producesacorns that lure animals from afar, creating excellent hunting ground.

* This transaction may also include theassignment of a 2,843 acre agricultural/recreational lease with the ColoradoState Board of Land Commissioners. Seller is not authorized to assign the leasewithout the review and approval of the proposed assignment by the State LandBoard; approval may be withheld in the State Land Board's sole discretion.Should a buyer wish to procure the lease, seller agrees to submit the necessarypaperwork to the State Land Board to begin the lease assignment review process.