This $35 million Jackson Hole ranch with a herd of over 600 elk is the most expensive listing in Wyoming — check it out

Hannah ToweyJul 7, 2022, 19:38 IST

Courtesy of Latham Jenkins / Live Water Properties

A $35 million Jackson Hole ranch is the most expensive home currently listed in Wyoming.
Its buyer will share 233 acres bordering Grand Teton National Park with a herd of over 600 elk.

This $35 million Jackson Hole ranch is the most expensive listing in Wyoming.

Courtesy of Lantham Jenkins / Live Water Proporties

With a 4,800-square foot main house and a 2,070-square foot cabin, over 96% of the ranch's 233-acres is under conservation.

Courtesy of Latham Jenkins / Live Water Properties

The previous owners hoped to protect a herd of over 600 elk that lives on the property.

Courtesy of Lantham Jenkins / Live Water Proporties

While you won't find many human neighbors, the Teton Mountain Range and Snake River are right next door.

Courtesy of Latham Jenkins / Live Water Properties

An outdoor lover's paradise, you can go cross country skiing and snowmobiling ...

Courtesy of Latham Jenkins / Live Water Properties

... camping ...

Courtesy of Latham Jenkins / Live Water Properties

... fly fishing ...

Courtesy of Latham Jenkins / Live Water Properties

... horseback riding ...

Courtesy of Latham Jenkins / Live Water Properties

... and even ice skating without ever leaving the property.

Courtesy of Latham Jenkins / Live Water Properties

Jackson Hole's luxury real estate has boomed as remote workers buy "co-primary" homes by the mountains, the property's listing agent Latham Jenkins told Insider.

Courtesy of Latham Jenkins / Live Water Properties

For example, tech workers "might still have the home in Palo Alto, but they've added a property here and they bounce between them," he said.

Courtesy of Latham Jenkins / Live Water Properties

"Historically, the market was more of a vacation destination for baby boomers," he said. "About 10 years ago, we started to see a trend of virtual workers."

Courtesy of Latham Jenkins / Live Water Properties

"During the COVID years, it was really amplified as more and more high wage earners were freed up to work remotely and could afford real estate here," he added.

Courtesy of Latham Jenkins / Live Water Properties

While virtual workers are drawn to Jackson Hole's lifestyle and community, Jenkins said Wyoming's tax-friendly laws are also a huge incentive.

Courtesy of Latham Jenkins / Live Water Properties

"The market for luxury property has really evolved to where virtual work enables these buyers to move between their properties throughout the year based on the season," he explained.

Courtesy of Latham Jenkins

"The market for luxury property has really evolved to where virtual work enables these buyers to move between their properties throughout the year based on the season," he explained.

If you've had enough of the great outdoors, step inside and check out the interior of the main house, which has 5 bedrooms and 6 bathrooms.

Courtesy of Latham Jenkins / Live Water Properties

The ranch was built in 2001 using a local materials palette — river rocks and logs.

Courtesy of Latham Jenkins / Live Water Properties

It was formerly part of a larger guest ranch for tourists, Jenkins said.

Courtesy of Latham Jenkins / Live Water Properties

Working remotely is no problem with this spacious at-home office.

Courtesy of Latham Jenkins / Live Water Properties

Be warned, it might be difficult to pay attention to your inbox with this view distracting you all day.

Courtesy of Latham Jenkins / Live Water Properties

After work, kick back on the couch and enjoy some wine — this time, taking in those mountain views.

Courtesy of Latham Jenkins

Here's another view of the living room.

Courtesy of Latham Jenkins / Live Water Properties

Even though the majority of the property is protected conservation land, there's still room to build "up to six homes" on the parcels that do have building rights, Jenkins said.

Courtesy of Latham Jenkins / Live Water Properties

Even though the majority of the property is protected conservation land, there's still room to build "up to six homes" on the parcels that do have building rights, Jenkins said.

"It's a great property for anyone looking to build out a family compound," he added.

Courtesy of Latham Jenkins / Live Water Properties

Here's the dining area in the cabin, which has an additional 4 beds and 2 baths.

Courtesy of Latham Jenkins / Live Water Properties

A massive stone fireplace dominates the cabin's living room.

Courtesy of Latham Jenkins / Live Water Properties

The median listing home price in Jackson Hole was $2.8 million in May 2022, up 74.7% from last year, according to Realtor.com. This drastic increase has made it increasingly difficult for local workers to find housing.

Jackson Hole welcome sign.Matt Henry Gunther / Getty Images

The median listing home price in Jackson Hole was $2.8 million in May 2022, up 74.7% from last year, according to Realtor.com. This drastic increase has made it increasingly difficult for local workers to find housing.

"It's an ongoing challenge that we've seen in all great places to live," Jenkins — who said he lived in a hotel room when he moved to the area 30 years ago — told Insider.

The Pandora and Swarovski Crystal store in Jackson Hole, gateway to the Grand Teton National Park on May 28, 2021.AaronP/Bauer-Griffin/GC Images

"It's an ongoing challenge that we've seen in all great places to live," Jenkins — who said he lived in a hotel room when he moved to the area 30 years ago — told Insider.

"The wages here have to be at a level to invite workers to come and be able to afford it," he continued. "We're seeing labor rates now starting at $30 an hour to keep up with the cost of living."

Courtesy of Latham Jenkins / Live Water Properties

"The wages here have to be at a level to invite workers to come and be able to afford it," he continued. "We're seeing labor rates now starting at $30 an hour to keep up with the cost of living."

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This $35 million Jackson Hole ranch with a herd of over 600 elk is the most expensive listing in Wyoming &mdash; check it out

This $35 million Jackson Hole ranch is the most expensive listing in Wyoming.

With a 4,800-square foot main house and a 2,070-square foot cabin, over 96% of the ranch's 233-acres is under conservation.

The previous owners hoped to protect a herd of over 600 elk that lives on the property.

While you won't find many human neighbors, the Teton Mountain Range and Snake River are right next door.

An outdoor lover's paradise, you can go cross country skiing and snowmobiling ...

... camping ...

... fly fishing ...

... horseback riding ...

... and even ice skating without ever leaving the property.

Jackson Hole's luxury real estate has boomed as remote workers buy "co-primary" homes by the mountains, the property's listing agent Latham Jenkins told Insider.

For example, tech workers "might still have the home in Palo Alto, but they've added a property here and they bounce between them," he said.

"Historically, the market was more of a vacation destination for baby boomers," he said. "About 10 years ago, we started to see a trend of virtual workers."

"During the COVID years, it was really amplified as more and more high wage earners were freed up to work remotely and could afford real estate here," he added.

While virtual workers are drawn to Jackson Hole's lifestyle and community, Jenkins said Wyoming's tax-friendly laws are also a huge incentive.

"The market for luxury property has really evolved to where virtual work enables these buyers to move between their properties throughout the year based on the season," he explained.

If you've had enough of the great outdoors, step inside and check out the interior of the main house, which has 5 bedrooms and 6 bathrooms.

The ranch was built in 2001 using a local materials palette — river rocks and logs.

It was formerly part of a larger guest ranch for tourists, Jenkins said.

Working remotely is no problem with this spacious at-home office.

Be warned, it might be difficult to pay attention to your inbox with this view distracting you all day.

After work, kick back on the couch and enjoy some wine — this time, taking in those mountain views.

Here's another view of the living room.

Even though the majority of the property is protected conservation land, there's still room to build "up to six homes" on the parcels that do have building rights, Jenkins said.

"It's a great property for anyone looking to build out a family compound," he added.

Here's the dining area in the cabin, which has an additional 4 beds and 2 baths.

A massive stone fireplace dominates the cabin's living room.

The median listing home price in Jackson Hole was $2.8 million in May 2022, up 74.7% from last year, according to Realtor.com. This drastic increase has made it increasingly difficult for local workers to find housing.

"It's an ongoing challenge that we've seen in all great places to live," Jenkins — who said he lived in a hotel room when he moved to the area 30 years ago — told Insider.

"The wages here have to be at a level to invite workers to come and be able to afford it," he continued. "We're seeing labor rates now starting at $30 an hour to keep up with the cost of living."

This $35 million Jackson Hole ranch with a herd of over 600 elk is the most expensive listing in Wyoming — check it out