March 9, 2017 (STLRealEstate.News) Wyoming isn’t generally a place we think of when it comes to extravagant property and home costs. We tend to associate ranches, expansive land, and unchartered mountain ranges as what comprises the old “West” in America. But, just because we have a certain preconceived notion of Wyoming doesn’t mean it’s an accurate one. The recent sale of a sprawling 265 acre property in Jackson, Wyoming listed at a record $53 million will no doubt shine light on the potential for wealth investment in the beautiful American state. The shadow of the Teton Mountains may play host to even more wealthy home-buyers this year.
The massive listing went under Tom Evans of Tom Evans Real Estate, one of the groups at Jackson Hole Sotheby’s International Realty. Referred to as the Four Springs Ranch, a rarely seen property on the west bank of the Snake River, sold officially last month, according to the brokers at Sotheby’s. Though the cost of the deal wasn’t disclosed, the property had previously been listed at a whopping $53 million. If the property fetched anywhere near that price (and it most likely did), then it absolutely shattered previous home valuation records in the state as a whole.
You may be wondering: how did a property in Wyoming go for $53 million dollars? One would have to visit Wyoming to get the full scope of the beauty and pristine natural abundances. Dramatic mountain vistas and breathtaking natural beauty have long drawn a diverse group of affluent travelers to Jackson Hole specifically, a rural Wyoming town surrounded by the Teton Range of the Rocky Mountains. The town has been attracting wealthy clientele since the 1920s when American philanthropist John D. Rockefeller began purchasing ranch land there. Today, it sits next to the Grand Teton National Park, and is highly sought after – clearly.