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A 320-acre property in the San Luis Valley, featuring a log home and an 1880s Old West town, is for sale, marked down to a starting bid of $2.7 million.

Old Cow Town Ranch in Saguache County was originally listed for $10 million.

Currently operating as a resort ranch, the property could be used as an equestrian ranch, family or corporate retreat, trophy-hunting and recreational ranch, cattle operation or other types of guest facilities, according to Fuller Western Real Estate and J.P. King, who are marketing the parcel. Nestled in a horse- shoe-shaped rimrock valley in the mountains of south-central Colorado, the ranch is surrounded by the Rio Grande National Forest and other public lands.

The “town” consists of 15 authentic Western buildings, including a saloon, dance hall, hotel and chapel. The property also includes an RV park, horse stables, a gift shop and an outdoor stage. A creek and irrigation ditch run through the parcel.

An auction is scheduled for Thursday.

The phone number listed for the ranch has been disconnected.

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