
Land for Sale in Parachute, Colorado
3312 County Road 306, Parachute, CO 81635
Wallace Creek Ranch is a rare, large landholding on Colorado's Western Slope - 1,440+/- deeded acres paired with roughly 5,000+/- leased acres and three BLM grazing allotments, offering the kind of scale, live water, and public-land access that rarely comes to market. Wallace Creek winds nearly a mile through the property, Spring Creek crosses it, and a stocked pond anchors the upper end, feeding roughly 350+/- irrigated acres via side-roll sprinklers, a big gun, a center pivot, and flood irrigation (water rights include 1st priority 5.8 CFS, 2nd priority 2 CFS, and 6 CFS high water; buyer to confirm shares, decree, and priority dates). The ranch currently supports approximately 140 animal units May through December alongside hay production under a ranch tenant - a turnkey operation for a buyer who wants working income from day one. Tenant-owned USFS grazing permit offered separately. Elevations climb from 5,700 to 6,600 feet across level pasture, rolling foothills, and a cottonwood-lined creek bottom studded with oak, pinon, and juniper - terrain that offers multiple homesites with sweeping Western Slope views. For the sportsman, this is trophy country: located in GMU 42 with over-the-counter 2nd and 3rd rifle elk tags and a history of six landowner buck tags annually, the ranch sits along heavy elk and mule deer migration routes and hosts black bear and turkey. Nearly two miles of BLM boundary and White River National Forest just a half-mile south open up public land far beyond the fence line. The landowners have consistently captured 6 landowner tags per year for family and friends. Year-round access comes via County Road 306, with electric service at the road and internet available through satellite, fiber, or fixed wireless - remote enough to feel like your own world, close enough to live in it: Rifle is 15 minutes away, with Glenwood Springs and Grand Junction under an hour. Whether the vision is a working cattle operation, a private hunting retreat, or a legacy family compound, Wallace Creek Ranch delivers the water, the wildlife, and the wide-open Western Slope scale to make it possible.
Location
- Street address
- 3312 County Road 306
- County
- Garfield County
- Zip code
- 81635
- Community
- Parachute
- Elevation
- 5,967 feet
Directions
From the exit off I70 west of Parachute onto Old Highway 6 west. Take Old Highway 6 for 2.5 miles then turn south on Stone Quarry Road to cross the river. Stay left on Stone Quarry Road, then turn south on Wallace Creek Rd for 3.5 miles until you reach the ranch.
Property details
- Acreage
- 1,440 acres
- Zoning
- Agricultural
- MLS #
- GJARA 20264300
- Posted
Property taxes
- 2025
- $1,511
Parcels
- 2447-122-00-051
Details and features
Listing
- Type
- Farm
Exterior
- Fencing
- Fenced
- Features
- Fence
Structure
- Sewer
- Septic Needed
Nearby schools
| Name | Type |
|---|---|
| Bea Underwood/ LW St John | Elementary |
| Grand Valley | Middle |
| Grand Valley | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 27, 2026 | New listing | $8,820,000 | — | GJARA |
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