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Sale of A River Runs Through It ranch north of Bozeman closes
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Good morning, it’s Wednesday, May 26, 2021. On this date in 1864, in the brief and fraught respite between the gruesome battles at Spotsylvania Courthouse and Cold Harbor, Abraham Lincoln signed a proclamation making Montana a U.S. territory. Statehood would come 25 years earlier.
In the ensuing decades, Montana has stamped itself as a special place in our national consciousness, celebrated in songs, novels, and movies as “the last best place,” a Lincoln-esque description coined in 1983 by naturalist Douglas H. Chadwick.
I’ve been to Montana many times, fished its rivers and streams, patronized its saloons, hiked its mountains, broke bread in that state with old friends and new. But I loved the place before I ever set foot in it, mainly because of its writers.
A spokesperson for Swan Land Company declined to comment on the identity of the buyer except to disclose that the buyer is an American citizen.
The deal is expected to close sometime in the summer, the spokesperson told Insider.
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.
If you had $136 million, you might have been able to own the Climbing Arrow Ranch, one of the largest private, undeveloped ranches in the West.
Just 20 miles west of Belgrade, the ranch sold May 10 just days after it was listed and after a rather spirited bidding war.
It is under contract to an unnamed American buyer, at close to its asking price, said Mike Swan of Swan Land Company.
âSince our public release of the listing of the Climbing Arrow Ranch, we have received an extraordinary response from the market, with multiple parties stepping immediately,â said Swan in a prepared statement.
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