- A ranch in Montana that was owned by Mel Gibson for 17 years has hit the market for $29.8 million, according to ranch brokerage Hall and Hall.
- The current owner is the founder of Montana Silversmiths, to whom Gibson sold the ranch in 2005 in a “handshake deal.”
- Right before the sale closed, Gibson reportedly came to the ranch to thank his employees for their years of service.
- The Beartooth Ranch spans 12,350 acres of irrigated meadows, pastures, and pine foothills in southern Montana.
- The property includes two homes, extensive shops and barns, and an indoor arena.
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A Montana ranch that actor Mel Gibson owned for 17 years has hit the market for $29.8 million, ranch brokerage Hall and Hall told Business Insider.
Gibson bought the ranch in 1988 and sold it in 2005 to Kent and Pam Williams, who founded jewelry and silver company Montana Silversmiths, in a “handshake deal,” The Missoulian reported at the time.
The Williams made a trip to California to visit Gibson and then made a verbal deal to buy the ranch. Right before the sale closed, Gibson reportedly came to the ranch to thank his employees for their years of service.
“Everything was on a handshake,” Kent Williams said.
The Beartooth Ranch spans 12,350 acres of irrigated meadows, pastures, and pine foothills in southern Montana. Randy C. Shelton of Hall and Hall holds the listing.
Take a look at the sprawling property once owned by Gibson.
A ranch in Montana that was owned by Mel Gibson for 17 years is for sale for $29.8 million.
Gibson bought the ranch in 1988 and owned it for 17 years before selling it in 2005.
The actor sold the property in a 'handshake deal' to Kent and Pam Williams, who founded jewelry and silver company Montana Silversmiths.
The Williams made a trip to California to visit Gibson and then made a verbal deal to buy the ranch, The Missoulian reported at the time.
"Everything was on a handshake," Kent Williams said.
The ranch sits five miles southwest of Columbus, a town of about 2,000 people.
It's about a 45-minute drive from Montana's largest city, Billings, and a two-hour drive from Bozeman.
The Beartooth Ranch spans 12,350 acres of irrigated meadows, pastures, and pine foothills.
Source: Hall and Hall
The operating ranch can accommodate about 1,000 cattle and horses.
The current owners lease out various components of the ranch, according to the listing.
There are multiple barns and shops throughout the property.
Source: Hall and Hall
There are also two modest homes.
Source: Hall and Hall
With its location on the Stillwater River, the Beartooth Ranch is an ideal place for trout fishing.
Source: Hall and Hall
Wildlife such as elk, deer, wild turkeys, and pheasants can be seen roaming the property.
Source: Hall and Hall
After Gibson sold his ranch, Gibson reportedly came to the ranch to thank his employees for their years of service.
Source: The Missoulian