Significant Sale in Lewistown, Montana: Horsethief Basin Ranch
Offered at US$19,500,000, the ranch encompasses some 7,000 acres, an abundance of wildlife and recreation including fly-fishing, hiking and horseback riding
New York, New York (May 12, 2021) — Christie’s International Real Estate proudly announces the sale of Horsethief Basin Ranch, in Lewistown, Montana. The property was represented by Caleb Campbell and Bill Boyce of Western Ranch Brokers, a team at PureWest Real Estate, the network’s exclusive Affiliate in Montana. Christie’s International Real Estate provided global marketing support.
The 7,000-acre property was one of two ranches owned by rancher-financier Mort Fleischer, co-founder of the real estate investment trust Store Capital Corp., and his wife, Donna. The second ranch, MorDo, is a 100-acre spread outside of Scottsdale, Arizona and still available for US$19,500,000. Horsethief Basin Ranch is grounded by a majestic 8,000-square-foot log home as homage to the American West. There are also two guest houses on the property, a six-stall barn and numerous corrals.
The Horsethief Basin Ranch sale comes as Montana posts its best year in sales of properties over 200 acres since 2006, with 2021 poised to set another record. According to the Montana Land Source:
- First quarter sales in 2020 were 27; 60 were posted in the first quarter of 2021
- In 2005, 248 ranches sold compared to 255 in 2020
- In 2020, inventory was down 16 percent, due in part to owners opting not to sell
- Days on market was up 10 percent ironically enough; ranches that have been listed for years were being snatched up
- The agency reports that in years past, land was the main feature when purchasing a ranch while current buyers are looking for move-in ready homes and outbuildings
Mr. Campbell of Western Ranch Brokers said: “The Western Ranch Brokers team at PureWest Real Estate is proud to have been a part of this legacy ranch transaction. Horsethief Basin is a wonderful representation of a true Montana ranch, with a substantial agricultural operation, cowboy heritage, luxury amenities and numerous recreational attributes in an ideal location.”
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About Christie’s International Real Estate
Christie’s International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its New York City brokerage and invitation-only Affiliate network spanning 49 countries and territories, Christie’s International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market. The company has offices in London, New York City, Hong Kong, Los Angeles, and Palm Beach, and its affiliated brokerages have recorded approximately US$500 billion of real estate transactions over the last five years. (Data as of March 31, 2020.) For additional information, please visit christiesrealestate.com.