Location: Huntington, VT
Acreage: 50+/- acres
Region:
New England | Northeastern USA
Latitude & Longitutde:
Lat. 44° 17’ 36” N, Long. 72° 56’ 24” W
Access & Distances:
- Air | Burlington International Airport (1 hr flight from Boston & NYC)
- Car | 2.5 hrs to Montreal; 4 hrs to Boston; 6 hrs to NYC
- Off town-maintained Camels Hump Road via a right-of-way through Foundation for a Sustainable Future's retained land, or private drive.
Built Environment:
- Farmhouse | 10,538-SF; c. 1865, 1969, 1989, 100%-sustainably rebuilt 2008, 6-bedrooms & 1-full, 4-3/4, 2-1/2 baths
- Energy Barn | 14,661-SF; c. 2007 3-story heated timber frame barn constructed from salvaged Douglas fir beams
- Studio Barn | 2,814-SF c. 2001 hand-hewn post & beam frame barn-converted to 1-bedroom & 1-bath living quarters & painting studio
- Caretaker’s Residence | 2,401-SF; c. 2001 2-bedrooms & 1-bath
- 4-Bay Garage-Utility Barn | 2,336-SF; c. 1988 2-story equipment storage facility
- Additional Building Potential using in-place infrastructure
Green Features:
- Renewable Electrical System with expansion potential
- Renewable Heating System with expansion potential
- Perennial Food System
- Durable, Multi-Functional, Artisan-Crafted Buildings
Production:
4-5 year old organic fruit, nut, and fuel orchard with edible perennial gardens. Selection of 2011 harvest: plums, quince, seaberries, aronia, blueberries, cherries, cold hardy kiwi, strawberries, raspberries, goumi, currants, apples, mushroom, asparagus, Jerusalem artichokes, horseradish, and hazelnuts.
Status: Active
Price: $11,500,000 USD
Conservation:
Property surrounded by private 1,246± acre Foundation-owned watershed abutting Camels Hump State Forest, and part of greater Winooski and Camels Hump Watersheds. Significant wildlife habitat: Migratory bird stop-over, bear, moose, deer, fox, coyote, mink, otter, beaver, bobcat, fisher, weasel, turkey, rabbit, hawks, owls, hummingbirds, northern songbirds.
Recreation:
Swimming, hiking, biking (mountain & road), running (trail & road), skiing (apline, backcountry & cross-country), sailing & kayaking (Lake Champlain), bird watching, star-gazing, and fishing.
Non-Asset Inclusions:
Included in the ask price are the following-Seller contributions, the details of which will be disclosed to qualified prospective purchasers.
- Transition Team | Seller will consult on an as-needed basis; Seller will pay for key consultants' services to ensure a smooth post-acquisition transition.
- Personal Property | Foundation-owned machinery and equipment, Farmhouse Murphy mattresses, Whole Systems Design's Master Plan, Engineering Plans (build-out plans for system extensions), & Replacement and repair materials (brick, stone, lumber for barn interior, site-harvested & milled lumber).
Seller-Considerations:
Seller will consider extending to the purchaser access and use leases as follows:
- Micro-hydro energy development using Seller-retained Cathedral Pond & in-place infrastructure
- Use of select Seller-retained agricultural lands
- Use or reliance upon select Seller-retained forestland for wood supply for renewable heating system
- Access and use terms shall be mutually agreeable to both parties, and must coincide with Seller's mission and already established goals and best practices.
Listing Broker Disclosure:
Listing broker has an interest in the property.
Teal Farm has been reconfigured for sale as Teal Farm Center. Seller-Foundation for a Sustainable Future has decided to retain the majority of Teal Farm’s land to further the Foundation’s conservation-based mission. Foundation founder and executive director, Melissa Hoffman, recognizes that well-stewarded properties this size are rare, and that parcel-fragmentation due to financial pressures is namely to blame. ”It was a tremendous effort to put the almost 1,300-acre Farm back together, and it seems a shame to break it up, especially when it could be used to advance the Foundation’s goals of regenerative land use and ecological integrity,” said Hoffman of her recent decision to reconfigure what her Foundation was selling. Keeping the majority of the property will allow the Foundation to continue to work on implementing the ideas expressed in the Master Plan created by Ben Falk of Whole Systems Design. ”It took awhile to figure this out, but after exploring options with Shawn we realized the new offering configuration was a win-win for all.”
Not only will the new owner of Teal Farm Center live within the Foundation’s massive holding, enjoying what is arguably the premier view site of the entire Farm, but they will be given use and access opportunities to consider, that are commensurate with the Foundation’s mission, as part of their purchase of the Farm Center. Access to productive farm and forest land is cost-prohibitive these days. ”Ideally,” says Hoffman, “I would like all the creative work the Foundation has done on integrated food-energy-building systems design and implementation to be accessible to more people, so that Teal can become a viable educational resource.”
Depending on who the new owner of Teal Farm Center is, and what their needs and goals are, “part of the beauty of only offering the building complex and orchard installation is to keep acquisition costs as low as possible, while availing the new owner of all the benefits of living next to 20,000-acre Camels Hump State Park within a private 1,246+/- acre watershed, parts of which can be made available to them in ways that benefit their use of the Farm Center at below-market costs,” says Hoffman.
To date, the Foundation has invested $20 million in the Teal Farm project. Of that, 80%, or $16 million, was concentrated on the buildings, energy and food systems that comprise Teal Farm Center. Hoffman heavily invested her Foundation’s resources to examine, explore and execute her vision of creating an integrated, ecologically-designed farmstead. She was able to push the boundaries of the project because she was free of typical investment criteria. Her return on investment was to prove that her vision had teeth. She’s done that. Not only is Teal Farm Center producing an assortment of superfoods not typical for this growing region, but its doing so on a green footprint.
Teal Farm Center is poised and ready for its next phase. Hoffman acknowledges that the investment made by her Foundation in search of actualizing a vision will not generate a dollar-for-dollar return. She also acknowledges that speculative investments must be made in order to educate and move ideas forward so that economies of scale can be developed around the proof. Big ideas that have far-reaching impacts that are done for the greater good often come with big price tags. That is why Hoffman’s ask price reflects an almost 30% discount off her actual investment.
One could not create Teal Farm Center as it is, where it is, for less than the ask price.
To learn more about the Teal Farm project, view:
NECN’s interview of Melissa Hoffman
Listing Broker: Ms. Shawn M. Smith | shawn@earthasset.com | 802.434.7798
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Earth Asset Partnership, LP, and the listing broker, exclusively represent the Seller, not prospective buyers, in the marketing, negotiating and sale of the property, unless otherwise disclosed. The listing broker, nonetheless, has an ethical and legal obligation to prospective buyers to: disclose all material facts pertaining to the property known to the agent; be honest and not knowingly give false or misleading information; account for all money and property received from or on behalf of either party; and comply with all state and federal laws related to the practice of real estate. Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by Seller. The information presented was secured from sources deemed to be reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.