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$9,950,000  •  1,065 acres
Lake Fork River Ranch, a place where anglers gently wade as elk proclaim their autumntide serenade. This pristine mountain paradise offers direct river frontage and over 6 miles of world-class trout fishing- all just 10 minutes outside Lake City, Colorado! Beginning at 8,500 feet, the ranch climbs through lowland meadows and trout ponds to evergreen hillsides and aspen-covered creek bottoms. Across this 1,340’ elevation gradient roam trophy class elk, deer and black bear. Accentuating the natural sporting capabilities of the property is direct access to remote public land and a membership in the Lake Fork Hunting and Fishing Club (which adds an additional 1,388 +/- accessible acres). Creature comforts are outstanding with two immaculate cabins and immeasurable amenities just minutes away. As a whole family retreat or simply a strong investment, there are few properties that can compete with the Lake Fork River Ranch! HuntingHunting potential on the Lake Fork River Ranch is immense. The ranch lies within a migration corridor that funnels elk and deer from the upper San Juans to low-lying wintering ground. Multiple drainages, alongside healthy stands of timber and ample feed, provide an ideal elk habitat. In addition to the deeded acreage, the adjoining 1,388 +/- acres of private land can be hunted through the ranch’s membership in the Lake Fork Hunting and Fishing Club. Likewise, vast expanses of public land are accessible from both the main ranch and the high cabin. LicensesThe Lake Fork River Ranch is located in Colorado Game Unit 66. This prized unit is renowned for quality elk and mule deer and good draw statistics. In 2023, 71% of applicants (Colorado resident, 2 preference points) were successful in drawing a first rifle bull tag. Likewise, second rifle deer tags had a 100% success rate for Colorado residents with four preference points. Since the property is eligible for landowner vouchers, additional licenses are likely. Fishing“I’m planning to fish Lake Fork” is an idyllic utterance that perks the ear of anglers around the globe. A tributary of the Gunnison River, Lake Fork delivers clear mountain water from the San Juan’s into Curicanti’s Gold Medal fishery. Over a 67-mile course, the Lake Fork propagates one of western Colorado’s best fishing experiences. A recent survey conducted by Colorado Parks and Wildlife found that downstream of the Lake Fork River Ranch, the river sported 31 trout (28 browns, 3 rainbows of 14” or greater length) for every surface acre. Density estimates for smaller fish (5” or greater length) place a brown trout every 7.2 linear foot and a rainbow trout every 15.0 linear foot. Boasting over 6 miles of direct river access fishing (4,100 linear feet of fee-simple river frontage, 2.7 miles of exclusive frontage through fishing club membership, remaining frontage through adjoining public land/fishing easements) and two stocked ponds, the Lake Fork River Ranch is a magnificent angling property. The private ponds, totaling 7.92 surface acres, yield mature brown trout on nearly every cast. Twelve additional ponds and 2.7 miles of exclusive fishing are accessible through the Hunting and Fishing Club which adjoins the ranch’s southern boundary. LocalityThe Lake Fork River Ranch is located 5.8 miles (9 minutes) north of Lake City Colorado. Here, the gold-laden San Juan Mountains drew the attention of prospectors in the late 19th century. By 1874, the first permeant structure had been erected to service the local industry. Realization of mineral wealth brought rapid growth to the small smelting community and over 500 additional structures sprung up over the course of just a few years. By 1880, the bustling community included: four churches (First Baptist, Lake City Presbyterian, St James Episcopal, and St. Rose de Lima Catholic Church), a post office, newspaper, fire department, stagecoach, schoolhouse, fully functional Telegraph and even a red-light district. Economic turmoil in the 1890’s and closure of the Gold Fleece Mine sounded an abrupt end to ore production. By the end of the Great Depression, the local mining industry had all but been erased. If gold and silver were worth thousands, then above ground resources are worth millions. As the mining industry waned, the natural beauty of the area brought sportsmen and sightseers from near and far. Rather than shipping the mountains piece by piece to the people, Lake City would bring people to the mountains. Lake Fork and San Cristobal (Colorado’s second largest natural lake) became a fisherman’s paradise and abundant elk, mule deer, bighorn sheep, bear, and wild turkey drew the eye of sportsmen. Backcountry mining roads soon formed a globally recognized backpacking and off-roading network. Jeep trails such as Engineer, Cinnamon, Imogene, Black Bear, and Corkscrew connect the iconic mountain towns of Lake City, Silverton, Ouray and Telluride. With the advent of a recreation-based economy came amenities and services that punch well-beyond the weight of most comparatively small towns. Boutique shopping, offroad adventure shops, guiding services, and fine dining replaced mills and smelting facilities. Lake City offers a spectacular getaway, a place where you can have the adventure of a lifetime, a good burger, and enjoy a carefully preserved Victorian town.
$159,000  •  53.69 acres
Rare opportunity to own a significant collection of historic patented mining claims in the heart of Colorado's legendary Galena Mining District near Lake City in Hinsdale County. This offering includes a 90% undivided interest in six patented lode mining claims totaling approximately 53.69 acres, including the Accidental No. 2 Lode Claim (USMS No. 315), American Eagle Lode Claim (USMS No. 317), Big Horn Lode Claim (USMS No. 313), Iron Mask Lode Claim (USMS No. 318A), Printer Boy Lode Claim (USMS No. 314), and Mountain Giant Lode Claim (USMS No. 316). Steeped in Colorado mining history, these claims lie within one of the San Juan Mountains' most storied mineral belts, known historically for rich silver, lead, zinc, and gold production during the great mining booms of the late 1800s. Surrounded by towering alpine peaks, rugged wilderness, and vast National Forest lands, this property offers unmatched recreational access and mountain character. Hinsdale County is one of the most remote and scenic counties in the lower 48 states, with over 96% public land, making privately held patented claims exceptionally rare. The area is renowned for world-class jeeping, ATV riding, hiking, hunting, fishing, snowmobiling, and backcountry exploration. Numerous historic mining roads and high mountain passes are nearby, providing endless adventure opportunities in every season. Wildlife is abundant throughout the region, with elk, mule deer, moose, black bear, and bighorn sheep frequently seen in the surrounding mountains, making this a fantastic hunting option for trophy GMU 66. Whether you are seeking a hunting property, recreational retreat, long-term investment, legacy property, or a unique piece of Colorado's mining heritage, this collection of patented claims offers incredible potential in one of the most sought-after mountain regions in the state. With breathtaking scenery, rich history, and limited private ownership in the San Juans, opportunities like this rarely come available. Mineral Rights Included: "Together with all gold, silver, molybdenum, minerals, metals, ores, and other mineral bearing substances located therein..."Priced to sell. Seasonal access off of Engineer Pass. Property being sold "As is Where is." Boundaries are approximate.
$29,500  •  10.33 acres
Mining Claim Description Located deep in the breathtaking San Juan Mountains of Hinsdale County, the Frank Adams Mining Claim offers an incredible opportunity to own a piece of Colorado's rich mining heritage surrounded by some of the most spectacular alpine scenery in the state. Tucked among towering peaks, rugged ridgelines, and vast public lands, this historic claim is ideal for outdoor enthusiasts, history buffs, or anyone seeking a private mountain retreat far from the crowds. With Hinsdale County consisting of over 96% public land, opportunities like this are increasingly rare in one of Colorado's most pristine and remote mountain regions. The property provides direct access to endless recreational opportunities including hiking, ATV and jeep trails, hunting, fishing, camping, and backcountry exploration. Spend your summers exploring old mining roads, traversing nearby alpine passes, or enjoying the peaceful solitude and cool mountain air that make this area so special. Wildlife is abundant throughout the region, with regular sightings of elk, mule deer, moose, and black bear. Nearby Lake City and Lake San Cristobal offer additional recreation, dining, and small-town mountain charm while still maintaining the quiet, secluded feel that draws people to the San Juans. Steeped in Colorado history, the Frank Adams Mining Claim sits below Dolly Varden Peak and just west of the Dolly Varden Mine, an area once known for productive silver, lead, copper, and zinc mining during the late 1800s mining boom. Today, the property represents not only a tangible connection to the Old West, but also a chance to own a unique slice of mountain wilderness in a county where private land is exceptionally limited. Whether you're looking for mineral exploration, a long-term investment, or your affordable slice of the Colorado Rocky Mountains, the Frank Adams Mining Claim delivers unmatched Colorado mountain character and adventure. This sale is for a 90% undivided interest in the Frank Adams Mining Claim. Mineral Rights Included: "Together with all gold, silver, molybdenum, minerals, metals, ores, and other mineral bearing substances located therein..." Priced to sell. Seasonal access off of Engineer Pass. Property being sold "As is Where is." Boundaries are approximate.
$79,000  •  4.42 acres
The Lily Lode Mining Claim is located above Capital City. This 4.42+/- acre property is covered in Aspen and Pine trees with a road to the property. Yellowstone Creek divides the property with wonderful views of the valley. Property is being sold "As is Where Is". The Lily Lode Mining Claim offers seasonal access. Owner Financing Available.
$1,620,000  •  1.21 acres
Turnkey Mountain Investment - Rocky Top Vacation Rentals 1425 & 1415 N. Hwy 149 | Lake City Welcome to Rocky Top Vacation Rentals - a rare, income-producing mountain retreat offering 7 bedrooms, 7 bathrooms, and 5,141 sq ft across three immaculate log cabin units on 1.214 beautifully maintained acres. Generating $78,000 annually with room for significant upside, this is the turnkey investment opportunity buyers wait for in Lake City. Perfectly positioned just outside of town along Hwy 149, the property offers excellent visibility and signage, no short-term rental permit required, no HOA, and minimal covenants. Guests enjoy convenient highway access while still being able to reach town and the legendary Alpine Loop via backroads for ATVs and UTVs - a major draw for adventure travelers. The Setting & Opportunity Lake City is a magnet for outdoor enthusiasts, surrounded by fourteeners, vast public lands, and home to Lake San Cristobal - the largest natural lake in Colorado. Hikers, off-roaders, anglers, hunters, ice climbers, and families return year after year - and so do Rocky Top's loyal guests. The possibilities here are expansive: Continue operating as a residence + thriving rental business Convert the main home into an additional high-capacity rental Create a multi-generational family vacation compound Explore event or wedding venue potential 1425 N. Hwy 149 - Main Residence (2,782 Sq Ft | 3+ Bedrooms | 3 Baths) Currently owner-occupied, this spacious log home could easily become an additional premium rental for larger groups. The main level features: Open-concept kitchen, dining, and living areas with new LPV flooring Covered deck access for grilling and soaking in mountain views Primary suite + additional bedroom and full bath Upstairs: Third bedroom and full bath Flex space currently used as a craft area Additional room used as a bedroom Man cave/storage/office space Abundant eave storage throughout The basement was thoughtfully designed for rental operations, offering: Linen cabinetry Double washer/dryer setup Generous storage and workspace Heating options include an efficient wood stove, propane gas stove, propane Rinnai heater, and supplemental electric heaters - ensuring comfort year-round. The grounds feature lush lawns with automatic sprinklers, a greenhouse, animal house/pen, shed, and equipment storage barn - adding both charm and utility. 1415 N. Hwy 149 - Duplex (2,359 Sq Ft Total | Two 2BR/2BA Units) South of the main residence sits a beautifully designed duplex with two matching 2-bedroom, 2-bath units. Each unit offers: Open kitchen, dining, and living area LPV flooring on the main level Gas wood-burning stove Vaulted ceilings Main-level bedroom and full bath Upper-level bedroom and full bath Covered decks are staggered for privacy and step down to grassy lawns with picnic tables and charcoal grills for each unit - perfect for relaxing after a day on the trails. The duplex comes fully furnished with updated decor, making this a seamless, ready-to-operate investment. The Bottom Line With consistent year-round rental history, repeat clientele, expansion potential, and an unbeatable location in one of Colorado's most recreation-rich regions, Rocky Top Vacation Rentals is more than a property - it's a lifestyle business with room to grow. Opportunities like this in Lake City are exceptionally rare. Invest. Expand. Escape.
$175,000  •  0.28 acres
Four beautiful lots are available, located along Gunnison Ave in downtown Lake City, Colorado. The lots are set within the historic district of Lake City. Serviced by city utilities and are accessed by one of the few paved streets in Lake City. They are zoned as limited multi-family, this allows using these for a wide range of purposes including but not limited to, lawyers’ offices, doctors’ offices, dentists or multi-family and single-family dwellings. A perfect location to build your mountain getaway.
$1,300,000  •  0.01 acres
Step Back in Time with New, Modern Amenities. The Wrangler Restaurant and Bar in Lake City, Colorado has a long and storied history. The locally quarried stone building was erected in 1881 and was first opened as the A. H. Avery & Company stationery and bookstore, but soon expanded its offering to candles, confections and exotics such as fruits and nuts. The firm further expanded to include jewelry, watch and clock repair, and engraving reflecting the increasing prosperity of the community as a mining town and destination city on the Denver and Rio Grande railway. In 1892 it was occupied as a meat market by W. S. Whinnery & Company and then gradually expanded to become a full-fledged general store. After 1895, the building served as a grocery store, a shoe store, a law office, and a newspaper office until 1912. The early 20th century brought the beginnings of its long bar and restaurant history, starting as the Log Cabin Inn, owned by the Wright family, and was one of the two storied downtown bars which provided food and late-night entertainment. In 1946 the building was sold to Jack Milner, who expanded the back of the building to create an even livelier bar and restaurant. The building was purchased by the Walker family in 1960 and became the Pinecone Saloon. Booey Bolger became the owner in the 1980s and 90s until the Hardilek's purchased it in 1997 and renamed it as the Highbridge Saloon. In the 2000s, the building was purchased by Drew Paschall and was renamed Restless Spirits. Finally, in 2022 the building was purchased by Loren Hill, an interior designer who had the vision to return it to its original Victorian glory, circa 1881, while maintaining it rich 100-year bar and restaurant history. Restoration work started immediately, with the installation of a new heated roof, followed by replacement of the plumbing and electrical necessary to bring the building up to current building code. Then came the painstaking restoration and or replacement of flooring, walls, and ceilings with period-correct materials, including imported Italian marble tile and antique fixtures. Next, the basement coal chute and storage area were converted to an intimate dining area and wine cellar. The next steps involved construction of extensions to the historic kitchen - including a pizza prep area, a wait station in the dining room, and a large upstairs prep kitchen; installation of a new heating and air conditioning unit (making it the only bar and restaurant in Lake City with air conditioning for those frequently hot summer months); installation of modern security and fire monitoring systems; and purchase and installation of many new pieces of restaurant equipment and appliances to serve the wait station, bar, kitchen and prep areas. The doors officially opened in July of 2023, with a new name and logo. The name - The Wrangler - reflects Lake City's ranching history; and the logo - a capital W capped by antlers - reflects Lake City’s world-class hunting legacy.
F&R Partners