The Double Arrow Ranch Subdivision
The Double Arrow Ranch, which was first developed in 1973, is perhaps the biggest mover of property at Seeley Lake. Statistics show that 175 lots on the Ranch changed ownership in 1995. The subdivision has a total of 848 lots. Of those, only about 240 have structures on them.
The larger number of lots that sell each year on the Double Arrow Ranch boosts the market at Seeley Lake. But the realtors interviewed for this article all noticed a difference in price between bare land on the Ranch and bare land off the Ranch.
"Our experience indicates that there is definitely a difference in value and salability between Double Arrow Ranch land and non-Double Arrow Ranch land," Wendy Wetherell of Clearwater River Realty said recently.
The Ranch is governed by covenants--protective property rights and architectural guide-lines--which may be a factor in the price differences. Wetherell explained that many buyers look for property with less stringent covenants, such as land that is suitable for horses.
