The legendary Caribou Ranch property, iconic for its place in music recording history, has sold for $32.5 million, according to public records.

Music producer Jim Guercio and his family sold the 1,600-acre property to Indian Peaks Holdings LLC, which just filed as an entity with the Colorado Secretary of State's office last month.

Guercio purchased more than 4,000-acres between Nederland and the Indian Peaks Wilderness Area in 1971 with a vision of converting it into a mountain retreat where artists could escape to record their albums.

At one time, the property served as Guercio's personal residence and provided cabins for his guests. In its heyday, Caribou Ranch attracted a long list of stars to its studio, including Elton John, Chicago, Michael Jackson, Earth Wind and Fire, Stevie Wonder and many more.

Caribou Ranch
Barn turned to music studio: Caribou Ranch hosted Chicago, Elton John, John Lennon, Joe Walsh and many others Colorado July 26, 2013. (Mark Leffingwell, Daily Camera)

A fire in 1985 damaged the studio and Guercio began selling off parcels of land, which equaled about half of Caribou's original land, to the city of Boulder and Boulder County.

"Several years ago, Boulder County Parks and Open Space acquired about half of the original ranch, ensuring perpetual open lands adjacent to Caribou Ranch, and reserving for the owner, access to a private trail system on the open space," Mountain Marketing Associates officials say in the listing for the property.

Caribou Ranch, sitting at 8,500 feet elevation, had an original asking price of $45 million.


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Kristen Leigh Painter: 303-954-1638, kpainter@denverpost.com or twitter.com/kristenpainter