LA HONDA, CA-The Peninsula Open Space Trust has acquired for $21 million purchase he 3,681-acre Driscoll Ranch on the Skyline Ridge just northwest of La Honda.

Trust president Audrey Rust says the agreement allows ranch owner Rudy Driscoll Jr. to retain a lifetime right for cattle grazing, pedestrian and equestrian activities, as well as 300 acres for an apple orchard, residence, ranch office and equestrian event center.

“Despite its obvious development potential, the property has been beautifully cared for and left undeveloped due to the family’s commitment to being good stewards of the land,” Rust says of the Driscolls. “Their interest in maintaining the natural character of the land has made it possible for us to protect something very precious for future generations.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.