Canadian River Ranch
The minimum stalking horse bid is $1503/ac or $13,977,500 for 9298 acres.
UPDATE: The video mentions 11,400 acres in the ranch plus adjoining lands that are available. However, three parcels have been through the auction process and are no longer available. There are now 9298 acres left for sale.
Over the years, the Land Doctors have seen a lot of land and because of that, it takes a lot to leave us awe struck. In a few special spots, nature makes us feel small and most of those places are national parks. Another one of those locations is the Land Doctors latest listing, the Canadian River Ranch. This 9,928-acre ranch is a diverse contiguous block of land with no public roads through it.
Just viewing the property is a true expedition, as you can spend the entire day riding trails and still never see it all. To put it in a slightly different context, its over 14 square miles in size. If you looked at 1000 acres per hour it would take 9 hours to just drive through it. This ranch gives us an insight into what life was like a century or two ago before everything was broken up and fenced off. It makes you check your fuel gauge twice and pack a lunch before you head out. It is one of those rare places where you can look in every direction as far as you can see, and it all belongs to you. This place hasn't been fully tamed yet, it still has a wild edge to it that makes you feel fully awake and aware of your surroundings.
In addition, it is as close to true isolation as you can get in a location that is only an hour from Tulsa, 90 minutes from OKC and three hours from Dallas straight up Highway 75 and the Indian Turnpike. If you have an airplane, it is an even shorter trip as the ranch has a 3000 ft long by 40 ft wide FAA registered runway (FAA OK04).
As a state, Oklahoma has 11 distinct ecological regions and this ranch feels like it has every one of them. The ranch exhibits a tremendous amount of diversity from huge hardwoods and towering short leaf pines along the creeks, and tallgrass meadows in the openings to post oaks and blackjacks on the ridges. Three beautiful creeks drain into the North Canadian River as it runs along the northern boundary of the property. Parts of the ranch have a western feel with huge views across wide grassy valleys to distant slopes that feature a scattering of lonely trees on the point of a ridge. Other portions feel like the Deep South with huge hardwoods and beautiful creeks. Turn the corner and a distant pasture reminds you of the plains. It never gets boring.
A portion of the property is high fenced and there is some cross fencing in the pastures. Outside of that, there are miles and miles of trails through vast tracts of timbered hills unencumbered by any man-made barriers. The north boundary of the property features approximately 1.25 miles of North Canadian River frontage just 10 miles upstream of Lake Eufaula. This would serve as the perfect spot to begin a day long float trip. The entire 4-mile length of Piney Creek is located on the ranch. Limbo Creek weaves on and off the property with over 4.5 miles running through the ranch. Shell Creek also starts on the ranch and runs through it for 1.3 miles. Wallace Creek runs south from the ranch while Gar Creek cuts across the northeast corner. A peak in the center of the property stands at almost 1000 feet and from there the land drops 300 feet in elevation as it slopes north to the river. The views are captivating in the daytime and unbelievable at night as the Milky Way is clearly visible without the interference of urban lights.
The next owner will not be the first steward owner attempting to wrangle this land. The Hawkins mansion stands at the precipice of a tall ridge overlooking the valley below. As you walk out on the top balcony and take in the scene before you, you can imagine the ambition of the family that built this once impressive home out of Oklahoma sandstone in 1934. The next owner will be a person who has overcome many difficult obstacles in life to realize great achievements. The revival and management of this property will add to that legacy and serve as a capstone project leaving a long-lasting mark on this historic property.
The following color coded subdivisions of the property are now available for purchase:
Purple - 5628 acres
Green - 3670 acres
This property is now part of a federal bankruptcy proceeding and will be subject to a stalking horse bid process. A brochure on how this process works has been attached as a document. In summary, we are seeking a fully qualified buyer to make an initial, non-contingency offer on the property. Once this offer is submitted, it will serve as the opening bid (stalking horse bid) on the property in an auction that will be held approximately 30 to 45 days later in bankruptcy court. The details of the stalking horse bid will be advertised to other prospective bidders. If the stalking horse bid isn't the high bid in the auction, then the stalking horse bidder with receive 2% of the gross sales price at the closing of the property for having served as the stalking horse. If you have any questions or would like to discuss this property, please call Kelly Hurt at 580 421 7512. If you have any questions about how the bankruptcy proceedings would affect the manner or timing of a transaction please contact Heather Milazzo at 646 381 9207 or email her at HMilazzo@keen-summit.com
Phone: (580) 421-7512