Real Estate
Billionaires Hunting for the Perfect Ranch Are Waiting for Perks
- Sky-high in New York or Big Sky Montana: top sales are slowing
- Prices for ranches over $10 million matter less than features
Fleischer's Montana Ranch.
Source: Christie's International Real Estate
Buyers looking for the perfect luxury ranch, that billionaire’s take on American rural life, may have to hold out to get what they want.
Whether it’s sky-high in New York or in the Big Sky country of Montana, high-end properties seem to be hitting a soft patch: they’re harder to sell unless they come with an exclusivity where price matter less. But that means paying a premium for that perfect combination: from mountain views at sunset to proximity to well-stocked towns to wildlife or the cachet of neighbors.