Wall Street Journal reports price reduction on Carmel Valley ranch

The asking price of Jim Kirk’s Carmel Valley ranch in California has been reduced to $21.5 million, according to The Wall Street Journal. Oak Ridge Ranch had previously been listed at $33 million. Kirk is the founder of NationsRent, a rental equipment company that sold in 2006. Kirk bought the 6,500-acre Carmel Valley cattle ranch in the 1980s for about $10 million. Located 27 miles east...
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Hall and Hall listing included in The Wall Street Journal’s holdouts

The owner of California’s Oak Ridge Ranch, listed by Hall and Hall, has not wavered on price since he put it on the market in 2006. The ranch, owned by Jim Kirk, remains listed at $33 million. The Wall Street Journal found Kirk and others for a story about high-end real estate holdouts – sellers who refuse to lower their asking prices despite the state of the housing market. To read the...
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