By BizWest
The Walton family, the billionaire clan that owns Walmart Inc. (NYSE: WMT), is attempting to sell Caribou Ranch, a 1,700-acre property in the Rocky Mountain foothills near Nederland that for decades served as a recording retreat for mega-star musicians such as the Beach Boys, Michael Jackson, Elton John, Stevie Wonder, Chicago and Earth, Wind & Fire.
The asking price: a cool $48.5 million.
Caribou Ranch, built in 1972 by record producer James William Guercio, is owned by Indian Peaks Holdings LLC, Boulder County property records show. That entity is registered with the Colorado Secretary of State’s office to the same Bentonville, Arkansas, address Walton Enterprises LLC, the Walton’s family office.