Grand Teton National Park

The Historic Malcolm Forbes Jackson Hole Ranch for Sale

Filed under: Estates

Eighty-five acres of Malcolm Forbes's historic ranch have been listed for $12 million. The website for this listing is www.forbesjacksonholeranch.com, and the listing agent is David Viehman with Jackson Hole Real Estate Associates and Christies Great Estates.

The daughter of the former Forbes Magazine publisher, Moira Mumma, is selling the 85 acres but will keep a parcel near the property, Viehman said. She is selling the property because she doesn't need so much space, the Realtor said. "There are 20 some odd beds at the main compound," Viehman said. "The property was part of the original Jackson Hole Ranch. It borders Grand Teton National Park, and the Snake River runs through it. The Forbes listing is one of the few large land offerings along the river that has not been protected with a conservation easement."

The property is being sold as one parcel, divided into two tracts. One of the oldest structures on the property is an historic barn, over 1600 square feet, dating to 1918. A 4,100-square-foot main lodge includes an original homestead cabin, while a main room and gallery date to the 1940s. The main lodge, renovated in 1980, includes five bedrooms, four bathrooms, a recreation room and private sitting room. In addition, five guest cabins, ranging from 410 to over 800 square feet, offer another 10 bedrooms There is also a three bedroom caretaker's house. The modern kitchen and master suite were designed by well-known local designer Bobs Koedt.

The family ties to the Teton Valley date back more than 80 years to Forbes' wife, Roberta Remsen Laidlaw . In 1928, Laidlaw began visiting the valley with her parents when she was a child. After she married Malcolm Forbes, the couple honeymooned here, and Roberta insisted on returning often. "My mother, before her death in 1992, spent six months a year at the ranch," Mumma said recently. "She loved the valley more than anything on earth, and we were the lucky beneficiaries of that love."

This referral was generously suggested by Luxury Real Estate.Com, and the images were taken by Mack Mendenhall.

Gallery: Forbes Ranch