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Lot/land
  • $2,295,000

    38500 Lobo Court, Steamboat Springs, CO 80487

    --beds
    0baths
    401Acres
    Unimproved Land
    Built in ----
    401 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Large pondViews of mount harrisRocky outcroppingsSmaller stock pondsLush creek bedsPicturesque wolf creek
    The Buffalo K Ranch spans over 400 acres and is just 20 minutes from Steamboat Springs. Its diverse topography features rolling hills, lush creek beds, and rocky outcroppings. A small log cabin at the southern entrance is a perfect weekend getaway, ranch manager's cabin, or residence. The ranch is comprised of seven parcels, with the potential for a 113-acre tract to be further divided, offering significant development opportunities. Year-round access is convenient via Highway 40 and County Road 52. The ranch includes a large pond, smaller stock ponds, and picturesque Wolf Creek. Currently used for grazing cattle, the property is fenced, cross-fenced, and historically accommodated bison. Wildlife is abundant, with frequent sightings of elk, deer, and more. The property offers views of Mount Harris, the Yampa River corridor, and surrounding mountains. The landscape features native grasses, oak brush, trees, and wildflowers. A unique section of reclaimed mine ground at the northern end of the ranch offers the potential for numerous recreational activities, such as dirt or mountain biking. The location offers privacy and convenience, just 20 minutes from Steamboat Springs and 10 minutes from Hayden. The Yampa Valley Regional Airport is less than 10 minutes away. Local amenities include schools like Sleeping Giant, Steamboat Montessori, and the brand-new Hayden School, all within a 15-mile radius. Steamboat is renowned for its diverse dining scene, unique shops, art galleries, and world-class skiing and snowboarding at Steamboat Resort. Hayden, while smaller, features charming local eateries and essential shopping and serves as a gateway to outdoor adventures like hunting, horseback riding, and exploring the Yampa River Valley. Buffalo K Ranch's natural surroundings, convenient location, and development potential make it ideal for those seeking a balance between ranching land and a long-term investment with multiple hold and exit strategies.
    90 days
    |
    502
    |
    47
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Hallie Myhre (970)846-1687,

    Ranch and Resort Realty

    Source: Altitude Realtors,MLS#: S1068551MLS LogoOriginating MLS: Steamboat Springs Board of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Lot
      • Size: 401 Acres
      • Features: Stream/Creek
      Details
      • Additional structures: Living Quarters
      • Parcel number: R6359368
      • Zoning description: Agricultural
      • Horses can be raised: Yes

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: Electricity Available, Septic Available

      Community & HOA

      Community
      • Subdivision: Wolf Mountain
      HOA
      • Has HOA: No
      Location
      • Region: Steamboat Springs
      • Elevation: 6700

      Financial & listing details

      • Tax assessed value: $369,690
      • Annual tax amount: $1,950
      • Date on market: 5/1/2026
      • Exclusions: No
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,777/mo

        Price history

        DateEventPrice
        5/1/2026Listed for sale$2,295,000+188.7%
        Source: Altitude Realtors #S1068551 Report a problem
        2/23/2026Listing removed$2,500
        Source: Zillow Rentals Report a problem
        1/15/2026Listing removed$795,000-66.8%
        Source: Altitude Realtors #S1062125 Report a problem
        12/28/2025Listed for rent$2,500
        Source: Zillow Rentals Report a problem
        9/26/2025Price change$2,395,000+201.3%
        Source: Altitude Realtors #S1057173 Report a problem
        8/16/2025Price change$795,000-68.2%
        Source: Altitude Realtors #S1062125 Report a problem
        4/12/2025Listed for sale$2,500,000
        Source: Altitude Realtors #S1057173 Report a problem
        11/7/2024Listing removed$2,500,000
        Source: Altitude Realtors #S1050868 Report a problem
        6/27/2024Listed for sale$2,500,000
        Source: Altitude Realtors #S1050868 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,802 +1.3%$24,950
        2023$1,778 +8.5%$24,950 +17.5%
        2022$1,638 +4.9%$21,230 -2.8%
        2021$1,562 +83.3%$21,850 +85.5%
        2020$852 -0.3%$11,780
        2019$855 +31.1%$11,780 +12.8%
        2017$652 +4.7%$10,440 -8.7%
        2016$623 -3.2%$11,440
        2015$643 +4.6%$11,440 +5.1%
        2014$615 +1.3%$10,880 -31.6%
        2012$607 $15,900 -85.4%
        2010-- $108,661
        2009-- $108,661 +4.9%
        2008-- $103,550
        2007-- $103,550 +30.2%
        2005-- $79,520
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 80487

        Getting around

        0 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hayden
        • Middle: Hayden
        • High: Hayden

        Source: Altitude Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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