A 558-acre ranch near Bondurant, Wyoming, remained on the market for 14 months despite a price cut from nearly $20 million to $15 million.
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ranch → remain → million
The property, known as Miner Creek Ranch, had been listed in July 2025, but the lower asking price did not bring a buyer.
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price → know → buyer
According to Cowboy State Daily, the owner then hired an auction house to organise a no-reserve auction, with the property scheduled to be sold to the highest bidder on September 24.
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property → accord → September
A marketing campaign for the auction soon brought around 40 prospective bidders to the property during a 36-day period.
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campaign → bring → period
Before the auction could even take place, one of those interested buyers made an offer below the $15 million asking price.
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one → take → price
The offer ended the 14-month wait in just 36 days after the auction campaign began.
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campaign → end → days
According to those involved in the deal, the sale shows how putting a deadline on a luxury property can change the way potential buyers respond.
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buyers → accord → way
Creating urgency for buyers
The Miner Creek Ranch is located at 101 Miner Creek Road in Sublette County, about 35 miles southeast of Jackson.
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Ranch → create → Jackson
The property sits on the edge of the Bridger-Teton National Forest and includes a large residence, guest accommodation and other buildings spread across the 558-acre compound.
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property → sit → compound
The ranch was originally listed for nearly $20 million in July 2025.
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ranch → list → July
Its asking price was reduced to $15 million in October, but the property still did not sell during the following months.
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property → reduce → months
The owner eventually hired DeCaro Auctions International to arrange a no-reserve auction.
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owner → hire → auction
Under that plan, the property would have gone to the highest bidder, with no minimum price protecting the seller.
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price → go → seller
According to Mario Vargas, CEO of DeCaro Auctions International, luxury properties in Jackson Hole are not usually sold through auctions.
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properties → accord → auctions
He said it was even less common for one to sell before bidding had started.
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bidding → say → ?
The remodelled home has four bedrooms, 4½ bathrooms, and an office suite with a sauna, hot tub and cold plunge.
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home → remodelle → sauna
“We don’t typically sell properties pre-auction.
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We → sell → properties
Nor are we really soliciting for that.
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we → solicit → that
But the process, the advertising we do, the marketing campaigns we do, the reaching out to our database and personal contacts that we do, really created a ton of buzz.
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we → do → buzz
It’s almost like we had an auction before the auction,” he said, as quoted by Cowboy State Daily.
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he → ’ → Daily
Vargas also said that auctions can also help sellers determine what buyers are willing to pay when a property is difficult to price.
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property → say → what
“When properties become unique, this is a great way to say, and you can imagine the listing agent’s difficulty, it’s like, ‘Ok, how do I price this property?
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I → become → property
So this is one way to say, let’s see what the market tells us
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market → say → us
,” he said.
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he → say → ?
The auction campaign brought around 40 prospective bidders to the ranch over 36 days.
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campaign → bring → days
The interest was enough for one potential buyer to decide to act before the scheduled auction.
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buyer → decide → auction
The buyer made a pre-auction offer below the $15 million list price, and the seller accepted it.
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seller → make → it
The property therefore did not reach the September 24 auction date.
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property → reach → date
Live Water associate broker Latham Jenkins says setting a date can change the way buyers approach a luxury property.
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buyers → say → property
"It puts a date on a decision.
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It → put → decision
In a traditional luxury listing, buyers can feel like they have all the time in the world.
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they → feel → world
An auction creates urgency," Jenkins said.
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Jenkins → create → urgency
What Ranch includes
Miner Creek Ranch is anchored by a 4,600-square-foot main residence built with rustic white logs and smooth river rock.
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includes → include → logs
The house has vaulted ceilings and large picture windows overlooking the mountains and surrounding landscape.
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house → have → mountains
The residence was remodelled in 2020 and has four bedrooms and 4 1/2 bathrooms.
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residence → remodelle → bedrooms
It also includes an office suite with a sauna, hot tub and cold plunge.
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It → include → sauna
A boardwalk outside the main house leads to one of two geodesic domes on the property.
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boardwalk → lead → property
The compound also has a four-bedroom guest house with Smart Home integration and two separate guest cabins.
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compound → have → integration
A two-bedroom apartment is located in the loft of a 1,875-square-foot horse barn.
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apartment → locate → barn
The two geodesic domes are used for corporate retreats, larger gatherings and yoga.
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domes → use → retreats
…and 9 more, not listed.
The Aporia
