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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.

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.