VIRGINIA CITY – The founder of the exclusive Yellowstone Club has sold a parcel of land where he had planned to build the world’s most expensive home.
Records at the Madison County Courthouse indicate that Big Sky resident Loren Bough bought the 160-acre parcel within the millionaires-only club. Bough grew up in Highwood and saw success in international finance. He moved to Big Sky four and a half years ago.
“I’ve got no exciting plans for it,” Bough said. “It is, for me, just an investment.”
Founder Tim Blixseth said in January 2007 that he was planning to build a 53,000-square-foot home and put it on the market for $155 million. At the time, it was to be the most-expensive private home in the world.
Blixseth called the proposed home “The Pinnacle” and said it would include a private ski lift to whisk owners and guests from inside the house to the top of the mountain. Plans also called for a heated driveway and an indoor-outdoor pool with a retractable glass wall.
Blixseth didn’t explain his change in plans in an e-mail sent to the Bozeman Daily Chronicle on Thursday.
“We are in the business at Yellowstone Club to sell land every day,” he said. “We have lots of land up there and there are always opportunities to build something big like The Pinnacle.”
The deed on the 160-acre property was recorded March 11.
The 13,400-acre Yellowstone Club was put up for sale earlier this year and is expected to fetch between $400 million and $600 million. Blixseth said earlier this month that he expects the sale of the club to close April 15.
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