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Walt Disney's Granddaughter Buys Historic Ranch in Steamboat

The Steamboat Today is reporting that a historic ranch in Steamboat Springs just sold for $11.25 million, allegedly to the granddaughter of Walt Disney, Tamara Diane Miller. Listed for $12.95 million, the 490-acre riverfront property was being used by Under Armour-founder Ryan Wood as a working cattle ranch since he purchased the property from the descendants of Steamboat homesteader Frederick May in 2007. Daughter of Diane Disney Miller, Tamara Diane Miller bought the property under a trust and according to real estate agent Penny Fletcher, she intends to use the ranch as an equestrian retreat. With seven buildings and a renovated barn, the property strikes a balance between luxury and subtle western flair, all just ten minutes from downtown.

Instead of 20,000 square-foot mega-mansions, the (rather small) May Ranch buildings have been tastefully restored using stone, timbers, and weathered wood to create a functional, working ranch. All 7 buildings harken back to the ranches of yesterday, with river rock fireplaces, reclaimed wood ceilings, and antique stoves. The largest home is a modest 2,674 square feet with four rustic bedrooms and four well-appointed baths. And while there's no bowling ally or indoor shooting range, the property does boast two smaller guest cabins and a 1930s barn that was restored into a theater room (how cool is that?!).

There's plenty of room for mechanized toys, with a 2,828 square foot shop building, a 3,428 square foot storage garage, and an extra storage shed for tractors and snow plows. And it's no wonder Ms. Miller plans to use the ranch for her horses; a renovated barn has over 3,000 square feet, four stalls, a tack and vet room, and an office that's nicer than most people's houses. The upper level also houses a caretaker's home.

Check out the photos below and take note, future ranch buyers: this is how you restore a historic property.

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