If it sold for even close to its asking price of $279 million, the ranch would be the most expensive residential property ever sold in the area
In the 1990s, Discovery Channel founder John Hendricks and his wife Maureen Hendricks were on the verge of buying a vacation home in New Mexico when Mr. Hendricks spotted a newspaper ad for a sprawling ranch in a remote corner of Colorado, near the Utah border. “I just had to see it,” he said.
Flying in on a Cessna plane and touching down on the property’s landing strip in the late morning, Mr. Hendricks admired the sun gleaming off a nearby red rock formation known as the Palisade. He was smitten. At the time, the little...
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