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Northern California ranch created by investment giant Dean Witter asks $31 million

Here was a man who thought big. A 26,600-acre ranch created by the late stock market magnate Dean Witter in the Covelo area of Northern California is for sale at $31 million.

Lone Pine Ranch was created in 1942 when Witter and his wife, Helen, bought and combined three previously separate properties. The acreage became a working ranch for cattle and timber operations as well as a personal retreat for the Witters and family members.

The property, which straddles Trinity and Mendocino counties, centers on a 5,300-square-foot main house with 10 bedrooms and five bathrooms. The rustic home dates to the mid-1940s. Other structures include four houses, two bunkhouses, barns and sheds.

There are about 16.5 miles of frontage along the Eel River. Area wildlife includes elk, deer, pig, bear and quail.

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Witter, who died in 1969 at 81, co-founded the investment firm Dean Witter & Co.

Bill McDavid of Hall & Hall, Kevin Sullivan of Kevin Sullivan Realty and Jim Redd of Four Star Realty are the listing agents.

lauren.beale2@latimes.com

Twitter: @laurenebeale


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