07/06/2010 10:15 pm ET | Updated May 25, 2011

Historic Woody Creek Estate Listed For $43 Million (PHOTOS)

A historic Aspen-area ranch has been placed on the market for $43 million. The Craig family ranch, at 838 acres and bordered by US Forest Service designated road less areas, is one of the last remaining Aspen-area properties settled by Italian immigrants in the late 19th century.

Immigrants who migrated to the upper valley in the late 19th century originally settled at the Woody Creek homestead. In 1964, the Craig family became the third owners of the property. The family has upheld the environmental quality of the land for nearly five decades.

Several diverse ecosystems found in the Rocky Mountains thrive at the Craig Ranch, from the valley's riparian habitat of Woody Creek, to acorn and berry-laden mountain shrublands eventually bordering spruce-fir forests at almost 10,000 feet. The ranch shelters elk, mule deer, black bear, eagles, hawks, game birds, migrating birds and waterfowl. An adjoining property with 210 acres is available on the market separately.

Recreational opportunities, such as hunting, hiking, horseback riding and Nordic skiing, abound throughout the property. In addition, the ranch features 1 mile of frontage on both sides of Woody Creek that offers excellent fly-fishing for Brook, Rainbow and Brown Trout.

Photos courtesy of Ed Foran.