Own a 50-Acre Private Ranch With 27 Buildings in the Heart of Wyoming’s Teton Mountains

Listing of the Day

Location: Moose, Wyoming

Price: $39.5 million 

On the market for the first time in 54 years, Lost Creek Ranch offers 27 buildings, including a main lodge, a spa and 10 rustic cabins, and easy access to a range of recreational activities.

The property, which could easily be converted into a private family retreat, is nestled between Grand Teton National Park and Bridger-Teton National Forest, said listing agent Latham Jenkins, of Live Water Properties Jackson Hole. For would-be buyers who are looking at the ranch as a family compound, “they don’t need to do anything. The trend has been that these historic ranches are all slowly being converted for private use,” Jenkins said.

Buyers have been drawn to historic ranches like Lost Creek because their surrounded by an “endless playground” of public park land, he added.

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“There is a real scarcity of these private enclaves surrounded by federally protected land. Lost Creek is a 50-acre island, surrounded by millions of acres of protected areas,” he said.

The ranch, which is being sold furnished and fully turnkey, was the cover feature in a 1993 issue of Architectural Digest and it was used for a scene in the iconic 1953 Western movie “Shane” and an episode of the TV series “Modern Family,” according to the listing.

“This setting is what makes it so unique,” he said. “Lost Creek has 180-degree views of the Teton Range, which is one of the most iconic mountain ranges in the world. I love the Teddy Roosevelt quote, ‘These are the first mountains I’ve seen that look like mountains should.’”

Visitors to the property are “just stunned by the views,” Jenkins said. “These ranches really give people a chance to experience the West. They get to ride horses for a week and play cowboy.”

Lost Creek, which has welcomed guests for nearly a century, was bought by Jerry Halpin, a Virginia real estate developer, and his wife, Helen, with partners Karl and Tina Weber in the late 1960s, according to the listing. The Halpins, who are buried on the ranch, became sole owners in 1989.

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“Jerry died in 2017 and Helen a year later,” Jenkins said. The ranch is being sold by the Halpin Family Trust.

There are an additional 9,000 square feet that have not been built on, he said. New structures might include a main house, a manager’s residence or additional cabins.

“Lost Creek Ranch is entitled for a main house and a new caretaker’s house,” Jenkins said. “There is plenty of opportunity for the next owner to continue improving the property,” he said. The existing buildings are not winterized.

The 7,000-square-foot main lodge was built in 1930 and expanded in 1988, according to the listing. It includes a great room, a dining room, a bar, a pool room and a 1,700-square-foot deck.

The main lodge could easily be converted into a large single-family house by new owners who want to make the ranch private, he said. “They don’t have to do anything other than decide that is how they want to use it.”

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The three oldest cabins, also built in 1930, are duplex units, and the other seven have two bedrooms and can sleep up to eight people, he said.

There is lots of wildlife to see, he added. “Jackson Hole has the world’s largest elk herd and there are moose running around and the occasional bear.”

Stats 

With a total of 36,094 interior square feet, the ranch offers a main lodge, 10 rustic cabins, a spa, a working barn and nine employee housing units.

Amenities 



The 5,000-square-foot spa features six treatment rooms, cardio and fitness areas, steam and sauna, a coffee bar, a heated outdoor pool and a hot tub. There is also a corral and a working barn. 

Existing permits in Grand Teton National Park offer floating and fishing in the nearby Snake River and guided horseback riding and self-guided hiking.

Neighborhood Notes 



The town of Jackson is about 30 minutes from the ranch, and it’s 15 miles to Jackson Hole Airport, Jenkins said.

“Lost Creek has this connectivity to the town of Jackson and the airport,” he said. “Other ranches are much harder to get to.”

Agent: Latham Jenkins, Live Water Properties Jackson Hole

View the original listing. 

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