One of the ten most expensive pieces of real estate for sale in the Kootenay region, according to Kootenay Business magazine, is located just outside of Radium Hot Springs.

The 53-acre ranch house property, which is listed for $2.7 million, is located next to The Radium Golf Course and spreads across the foot of Redstreak Mountain, stretching more or less from Dry Gulch to the Village of Radium Hot Springs. It was ranked fifth on Kootenay Business magazine’s list of most expensive properties for sale in the region.

“It’s a ranch property. It was recently subdivided and the owner is selling his interest,” said selling realtor Ross Newhouse. “It has development potential because of the zoning on it. I suspect that’s who’ll buy it, although it also may have appeal to a recreational buyer since it backs right onto the golf course.”

The property includes the old ranch house as well as a newer barn structure, which has been used to hold weddings and barn dances.

“It’s got spectacular views out over the the Columbia Valley,” said Newhouse. The property has been listed for about a year and has had a couple of interested parties so far, although no official offers have been made on it yet.

According to the property’s MLS listing, the home was originally constructed in 1977 and the property includes — aside from the ranch house and barn — a fenced-in dog run, an equestrian arena, several corrals and paddocks as well as a shed and an outbuilding.

Those wishing to view the property can do so by appointment. Contact Newhouse at 250-342-5247 or newhouseconnect@gmail.com.