California Ranch Asking $155 Million!

Trying to match most celebrity pay packets The Cojo Ranch and neighboring Jalama Ranch are hot property in the market. They don’t have mansions or pools or tennis courts to feature in glossy “exclusive” real estate guides. They’ve got something more bedazzling… miles of undeveloped central California coastline, 1,200 head of Hereford cattle, mountain lions, and an asking price like few others: $155 million. Crowned as the “kingdom property,” a piece of real estate so vast and remote that the super-rich can disappear there and rule a private domain and feel like Kings. At state that is famed at being pricey, the proposed joint sale of the ranches, covering 37 square miles (96 square kilometers) of open land is a 90-minute drive north of Santa Barbara. The seller, Bixby Ranch Co., a family-controlled firm based in Seal Beach, California, is offering the properties jointly or separately. Cojo, pronounced KO-ho, is 8,580 acres (3,472- hectares). Jalama, pronounced ha-LA-ma, covers 15,550 acres. Neither has been for sale since Fred C. Bixby, a rancher who raised prize-winning appaloosa horses, purchased Cojo in 1913. “The Bixby Ranch Co. decided to sell at the behest of family members who want to convert the asset into cash”, says spokeswoman Diane Reed. It probably will break the record set by Oprah Winfrey when she bought the 42-acre estate near Santa Barbara for $54 million in 2001.

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“If you can’t pay to charter a helicopter, then you have no business making an offer,” says Suzanne Perkins, Cojo’s lead listing agent with Sotheby’s International Realty in Santa Barbara. Well see you darlings we got to jet across to Cojo’s……
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