The property was remote when former TW Telecom president and CEO John Blount bought 132 acres near Castle Rock for $3.3 million in 2007.
Since then, Castle Rock has expanded to surround it.
Blount, who calls the property the B5 Ranch, listed it for $8.5 million in June, hoping a new owner would keep it as a ranch and consider it a legacy property.
“They feel like it’s an oasis in the middle of a bustling community,” said listing agent Elaine Stucy with LIV Sotheby’s International Realty.
The ranch went under contract in days and closed on Aug. 31 for $7.8 million, a record for Castle Rock.
Josh O’Connell with Compass-Denver represented the buyers, listed in public records as 2BR LLC. The buyers plan to live in the home as a family, stable their horses and graze a herd of cattle, Stucy said.
The ranch includes a 10,425-square-foot mansion with six bedrooms and eight baths. The property also has a guest house, pool, hot tub, tennis court and skeet shooting range.
The Blounts recently remodeled the home and feels like it belongs in Aspen or Vail, Stucy said.
The 132-acre property includes more than 1,000 pine trees and an Aspen grove.