11
COMMENTS
Carole King Selling Idaho Ranch for $16M, Discounted From $19M
By Shira Levine
Jul 6th 2010 @ 12:33PM
Jul 6th 2010 @ 12:33PM
Filed Under: News
TEXT SIZE:
A A A
Singer and songwriter Carole King must be feeling the earth move under her feet, to paraphrase one of her classics. She recently put her 128-acre central Idaho ranch back on the market for $16 million.That's down from $19 million, in an attempt to signal potential buyers that it's not too late to buy the impressive piece of private park along a national forest near Stanley.
King, who has lived on the ranch since 1981, isn't leaving the state of Idaho completely. She's still keeping a condo in Ketchum, a resort town where she'll probably crash while touring with James Taylor during their "Troubadour Reunion" tour. The two old friends are playing a show on July 12 in nearby Sun Valley, Idaho, at the Sun Valley Center for the Arts.
Taylor owns a house in Washington, Mass., in the Berkshires.
To call the Robinson Bar Ranch a colossal property would be an understatement. Not exactly for the everyday Idahoan, it is perfect for a wealthy someone who wants to lay low and away from frenetic city life to accomplish perhaps, a new album. With that in mind, the compound has a professional recording studio along with a 7,300-square-foot lodge, a private residence, a caretaker's home, horse barns -- and if "You've Got a Friend" or two -- guest cabins.
The ranch was originally for sale in 2006 at its former price, but was taken off the market due to issues with a bridge on a U.S. Forest Service road. It has since been fixed.
Essential How-To Guides on AOL Real Estate
King isn't the only famous Ketchum resident. Steve Miller of the Steve Miller Band also calls Ketchum home. Actor Gary Cooper and writer Ernest Hemingway enjoyed the town's isolation. Ketchum also is where Hemingway took his life. He is buried in the Ketchum Cemetery, as is his granddaughter, the model and actress Margaux Hemingway. Demi Moore and her family have a home in Hailey, just outside the popular Sun Valley town.
With the expanse of forestland that King's listing boasts, one can only assume it will make its next owner feel like a natural woman (or man).
More at AOL Real Estate:
See homes for sale in Idaho.
See foreclosures in Idaho.
Find out how to calculate mortgage payments.
******************************
Want to learn more about home buying and home finance? If so, you won't want to miss
our online discussion with industry experts,
"What Works Now: Smart Moves When Buying a Home,"
created by AOL Real Estate in participation with Bank of America Home Loans.
Sign up for a reminder on AOL Real Estate.
Want to learn more about home buying and home finance? If so, you won't want to miss
our online discussion with industry experts,
"What Works Now: Smart Moves When Buying a Home,"
created by AOL Real Estate in participation with Bank of America Home Loans.
Sign up for a reminder on AOL Real Estate.
Tess: For 20 years people have been buying property at ever-inflated prices, but what happened in the last 10 really put real-estate in a bad light. Prospective owners were convinced they "needed" 2000+ sq.ft. homes and that their combined incomes would easilly pay the mortgage. I guess even wealthy folks like Carol must suffer for our collective foolisness, and the numbers sound just about right--a loss of 20 to 25%.