In what seems to be among Jackson’s top real estate sales ever, the Four Springs Ranch changed hands in a deal that closed Jan. 31.
The rarely seen property is south of Highway 22 on the west bank of the Snake River, and borders other remote properties and government land.
The cost of the deal wasn’t disclosed, but the property had been advertised at $53 million for the 265 acres, much of it never developed.
The property was listed by Tom Evans, the principal of Tom Evans Real Estate, one of the groups at Jackson Hole Sotheby’s International Realty. He said Four Springs is “a fabulous piece of property.”
“It’s so unique in the sense that it’s so close to Wilson, five minutes, but it has Snake River and Fish Creek frontage.
“You can’t really imagine still being able to find something like this available to buy,” Evans said. “It’s a perfect Jackson Hole ranch.”
Jake Kilgrow, a Sotheby’s agent who brought the buyer to the table, agreed the property is special.
“It’s a one-of-a-kind deal, there’s nothing like it,” Kilgrow said.
The property was historically used for ranching and was once owned by Dick Edgcomb. It has a 7,715-square-foot house built by contractor Kurt Wimberg in 2007 using a design by Jackson architect Stephen Tobler of Tobler Duncker Architects. The house was built for Mark Feldman, the longtime owner of the property, who died in 2015. His heirs were the sellers.
Besides the home Feldman built the property includes a two-bedroom guest house and a horse barn.
Four Springs, bordered by the Snake on the east and with Fish Creek meandering through, is divided into nine deeded parcels. The main house sits on a 10.9-acre piece toward the south end of the ranch. Three of the other parcels include conservation easements with building areas of 5 to 10 acres.
There is riverside Bureau of Land Management property on the east side, along the river, and also a state-owned parcel. On the west side Four Springs borders Fish Creek Ranch.
Though subdivision is possible, Evans said he came away with the impression that wasn’t the goal of the new owner: “I don’t think he has any intention of changing the use.”
“There are no plans to change anything,” Kilgrow said.
The ranch was put together by Feldman, a clothing manufacturer who lived in California, and who had a deep interest in conservation.
Feldman and his father built the L&L Manufacturing Company, which grew over 40 years to become a major supplier to Walmart and J.C. Penney Co. L&L was for years the largest importer of clothing from Mexico to the United States.
Feldman and his wife, Marcie, discovered Jackson Hole in the 1990s and began assembling Four Springs. Feldman was a 20-year supporter of the Jackson Hole Land Trust and served as a member of the board of Conservation International. He did no real ranching, but did grow hay.
He was known to spend time clearing brush and clearing waterways on his ranch.
“Mark Feldman put a lot of money and effort into” Four Springs, Evans said. “He took total pride in it.”