A massive Montana ranch from ‘A River Runs Through It’ is set to sell for $136 million in one of America’s priciest ranch deals. Look around the property.

montana ranch
The ranch spans nearly 80,000 acres across four counties.

A Montana ranch is in contract to sell for a record-breaking $136 million, ranch brokerage Swan Land Company confirmed to Insider.

montana ranch

As Mansion Global first reported, the ranch, known as the Climbing Arrow Ranch, went into contract for close to its $136.25 million asking price less than a week after it hit the market. 

A spokesperson for Swan Land Company declined to comment on the identity of the buyer except to disclose that the buyer is an American citizen. 

The deal is expected to close sometime in the summer, the spokesperson told Insider. 

If the deal closes, Climbing Arrow would be the most expensive ranch ever sold in Montana and one of the priciest sold in the US, the ranch brokerage spokesperson said.

montana ranch

The current record in Montana is held by the $132.5 million Broken O Ranch, which billionaire Los Angeles Rams owner Stan Kroenke bought in 2012 in a deal also handled by Mike Swan.

Kroenke was also the buyer of what is believed to be the most expensive ranch ever sold in the US in 2012: a 520,000-acre Texas ranch that was listed for $725 million. The final purchase price, however, was never disclosed.

Most ranch deals, however, are nowhere near that price range. Billionaire Michael Bloomberg, one of the richest men in the US, spent a comparably paltry $45 million on a 4,600-acre Colorado ranch with a golf course and a helipad last May. 

A Texas ranch that belonged to late oil tycoon T. Boone Pickens hit the market for $250 million in 2017, but it’s still on the market four years later — even with a $30 million price cut.


Climbing Arrow spans nearly 80,000 acres across four Montana counties: Gallatin, Meagher, Madison, and Broadwater.

montana ranch

It’s within 30 miles from Bozeman, one of the fastest-growing cities in the US.

One portion of the ranch borders a ranch owned by Ted Turner, the CNN founder who’s also one of the country’s biggest landowners.

A trestle bridge that leads into a tunnel on the property was featured as a filming location in the 1992 Robert Redford-directed film “A River Runs Through It.”

montana ranch river runs through it

Source: Swan Land Company

Climbing Arrow is being sold by the Anderson family, who are descended from the founder of the Bank of California.

montana ranch

Buck Anderson, the grandson of Bank of California founder Frank B. Anderson, bought the ranch with his wife, Marcia, in 1959, according to Swan Land Company. Their children are now selling the ranch following the deaths of Buck in 2012 and Marcia 2020.

“Our family has had the great privilege of being the stewards of this beautiful ranch for over 60 years,” the Anderson children said in a statement obtained by Insider. “… While we feel both pride and tribulation in this change, it is time to pass the reins to a new owner who will love and enjoy the ranch as much as we have.”

Climbing Arrow features several modest employee residences, guest homes, and an owner’s home, according to the listing.

montana ranch

There are also multiple barns, corrals, mechanic shops, sheds, and calving facilities on the ranch.

The ranch is set up with a 2,000-head commercial Black Angus cattle operation.

montana ranch

Source: Swan Land Company

The property is also a prime spot for fishing, with 17 miles of the trout-filled Sixteenmile Creek passing through the property as well as five miles of Madison River frontage. Other fishing rivers are a short drive away.

montana ranch

Source: Swan Land Company

Ranches have become a hot commodity during the pandemic, brokers say.

montana ranch

“Land as an investment-grade asset has enjoyed a banner 2020,” Eric O’Keefe of the Land Report told Forbes in September 2020. “… Clearly, the value of a remote or a removed getaway has become a much-coveted quality.”

Bill McDavid of ranch brokerage Hall & Hall told Insider last May that he’d already seen a spike in interest in ranch properties in places like Montana and Wyoming a couple of months into the pandemic. Most of the wealthiest buyers come from California, Texas, and New York, he said.

“You get up to that echelon of wealth and the same people who own a penthouse in New York are the same people that own a ranch in Montana and they’re the same people who own an estancia in Argentina,” McDavid said.

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Take a look inside billionaire lawyer David Boies’ California ranch, which includes 6 houses, 4 lakes, and is up for sale for $23 million

Diamond B house
  • Superlawyer David Boies is selling his California ranch for $23 million.
  • Boies is one of this generation’s best known lawyers, and he has represented Al Gore, Harvey Weinstein, and some of Jeffrey Epstein’s victims.
  • The 1,183 acre property, known as Diamond B, contains five houses, extensive vineyards, and four lakes.
  • The ranch, vineyard, and equestrian facilities, located in the Lower Lake area, can be operated commercially, estate agent Red Oak Realty said in the listing.
  • Take a look inside.
  • Visit Business Insider’s homepage for more stories.

Billionaire superlawyer David Boies, who has represented Al Gore, Harvey Weinstein, and some of Jeffrey Epstein’s victims, has listed his California ranch for $23 million.

Diamond B, as the property is known, contains five houses and extensive vineyards.

Located off the major wine corridor Highway 29 in the Lower Lake area, and two hours from San Francisco, the ranch spans about 1,183 acres and includes four lakes and a pool.

“It offers the ability to create an entirely off-the-grid, organic ecosystem employing the closed system biodynamic philosophy, and a rare opportunity to live safely and independently away from it all,” estate agent Red Oak Realty said in the listing.

The owners can “easily” operate the ranch, vineyard, and equestrian facilities commercially, it added, and there are potential locations to add a helicopter landing pad.

Boies is one of this generation’s best known lawyers. He represented Al Gore in the 2000 Bush v. Gore case, led the federal government’s antitrust case against Microsoft, and has fought for same-sex marriage rights. But he’s also represented some controversial clients, including Harvey Weinstein.

An investigation this year by Insider spoke to more than 50 people about a massive shakeup at his elite law firm Boies Schiller that saw more than 30 members of staff leave the company.

Their investigation uncovered pay rifts, a partner divide, and a threat at the Ritz Carlton.

Read more: Elite law firm Boies Schiller just named 3 new managing partners, including lawyers who have represented Epstein accusers and Hunter Biden’s business partner

Diamond B spans around 1,183 acres in total …

Diamond B view

… including five houses.

Diamond B ranch

The main property is a traditional three-story log cabin.

Diamond B house

The interior is spacious …

Diamond B  interior

… and it has five bedrooms and five bathrooms.

Diamond B bedroom

Between the five properties, the ranch has 12 bedrooms.

Across the main property and four additional ranch homes, there is plenty of space to host and entertain guests.

Diamond B  lounge

The properties have stunning views across the ranch, too.

Diamond B balcony

The property is dominated by 18 acres of vineyards, and has permission to extend this to 58.

Diamond B wine

The ranch currently is home to 15 acres of Cabernet Sauvignon, and one each of Petit Verdot, Cabernet Franc, and Petit Sirah.

The site also includes an equestrian center with both indoor and outdoor riding facilities.

Diamond B house stables

The property has a covered 14-stall, cedar-lined mare barn and a covered indoor arena with stadium seating.

The site offers “everything a horse lover needs, plus the opportunity to host equestrian events and horse breeding operations,” Red Oak Realty said in the listing.

As well as horses, there’s plenty of space for cattle. The ranch currently has more than 30 Highland cattle.

Diamond B cattle

The property and its surrounding area is also full of wild turkey, boar, quail, vultures, hawks, deer, coyote, and mountain lions and bears, Red Oak Realty says.

The property also includes four lakes.

Diamond B lake

These are well stocked with catfish, black bass, minnows, and red ear sunfish, according to Red Oak Realty.

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