Founders of Celebrity-Loved Cowboy Hat Brand Kemo Sabe List ‘One of a Kind’ 35-Acre Colorado Ranch for $9.3 Million

The founders of luxury Western wear brand Kemo Sabe are throwing their cowboy hats—and their "one of a kind" ranch—into the housing market ring, after listing the extraordinary 35-acre Colorado property for $9.3 million.

It marks a significant milestone for Tom and Nancy Yoder, who have owned the Basalt estate for 20 years, during which time they have seen their once-fledgling brand become a celebrity sensation, catering to all manner of A-list clients from Beyoncé and Shania Twain to Kendall Jenner.

Their reach even extended to royalty after Prince Harry was seen wearing one of their custom-made cowboy hats to Beyoncé's "Cowboy Carter" tour, when the design was showcased on Meghan Markle's Instagram account.

Customers can pay up to $895 for one of the brand's signature hat designs, while custom options run in the thousands, depending on the accessories and embellishments chosen.

Needless to say, the Yoders—who founded their brand in Aspen, CO, in 1990 and now have six stores across the U.S.—know a thing or two about style, a skill that is reflected in every corner of their longtime residence, which is known as the Last Chance Ranch.

Fresh off two remodels, in 2008 and 2021, the 3,303-square-foot main home on the estate was originally built in 1999 by the first owners, who sold the home to the Yoders two decades ago.

Since then, the Yoders dramatically overhauled the dwelling, which has three bedrooms and 3.5 bathrooms.

"They’ve changed the property and the house dramatically since they’ve purchased the property,” says Walker Moriarty, who is co-listing the property with his mother, Leah Moriarty, of Plus Real Estate. The Yoders' remodels saw the property outfitted with several decks, as well as additional square footage.

However, Tom and Nancy's work did not end with the primary residence. Walker says they devoted much of their time and energy to overhauling the land surrounding the ranch, ensuring that it serves as a leading example of equestrian excellence.

To that end, the listing, which was first reported by Mansion Global, also includes plenty of storage for vehicles, ranch equipment, and hay. An enormous 65-foot American flag that has become synonymous with the Last Chance Ranch for locals is also included in the sale.

“A lot of the work has been on the land itself. It’s very much a horse property,” Walker explains. “They added the cedar fencing and underground water irrigation, and have also added a barn and a tack room, outdoor bar, and hay storage.

“The owners are the best types of sellers in that they’re meticulous in how they keep the property. The pastures are manicured.”

While the property represents an opportunity to own an equestrian legacy, the Yoders have ensured that their estate features a wealth of beautifully maintained amenities.

"Marked by an iconic 65-foot flag, the property located in Eagle County offers numerous amenities for ranch life and recreation, including three pastures, one with underground irrigation, a pond, a barn with ample storage, a built-in outdoor bar, and a detailed tack room," the listing notes.

There’s also plenty of room to add an accessory dwelling unit for additional income.

What's more, the ranch has direct access to 9,100 acres of Bureau of Land Management land on Crown Mountain.

“It’s rare to get this much acreage. For someone who’s an outdoor enthusiast, that access to BLM land is really a unique quality to this property. There’s a finite amount of land here. There’s not much new development,” the listing agent explains.

Surrounded by such vast natural beauty, Last Chance Ranch seems hidden in the wilderness—but the sanctuary features convenient proximity to both Basalt and Aspen.

Basalt’s downtown is just a 12-minute drive, and a Whole Foods Market is just 3.5 miles away. Aspen is a 25-minute trip.

"It’s that rare combination of proximity plus privacy that a lot of people find appealing," Walker notes.

"The Roaring Fork Valley has a rich history of the outdoors, whether it be skiing, bicycling, rafting, and fishing. There’s this rare combination of being in a mountain town while also having citylike culture.”

And then there is the potential income opportunity that this kind of home presents—even for those who don't embrace the Western lifestyle.

“In terms of market value, it’s one of the up-and-coming neighborhoods in the valley because of the proximity to Whole Foods Market and restaurants,” Walker shares.

“Especially second-home owners like the idea of getting into the mountains but still go out to a fine dining restaurant or see world-class orchestras,” he adds.