If the deal closes, Climbing Arrow would be the most expensive ranch ever sold in Montana and one of the priciest sold in the US, the ranch brokerage spokesperson said.
The current record in Montana is held by the $132.5 million Broken O Ranch, which billionaire Los Angeles Rams owner Stan Kroenke bought in 2012 in a deal also handled by Mike Swan.
Kroenke was also the buyer of what is believed to be the most expensive ranch ever sold in the US in 2012: a 520,000-acre Texas ranch that was listed for $725 million. The final purchase price, however, was never disclosed.
Most ranch deals, however, are nowhere near that price range. Billionaire Michael Bloomberg, one of the richest men in the US, spent a comparably paltry $45 million on a 4,600-acre Colorado ranch with a golf course and a helipad last May.
A Texas ranch that belonged to late oil tycoon T. Boone Pickens hit the market for $250 million in 2017, but it’s still on the market four years later — even with a $30 million price cut.