The Land Report

Rockies 2018

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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A R O C K I E S 2 0 1 8 | The LandReport 69 LANDREPORT.COM s a fifth-genera- tion Montanan who was raised in a farming and ranching family in a small town near Great Falls, Bough knew all about traditional ranch life. But when he moved back to the Treasure State, he followed a different path. Instead of buying rural ranchland, he bought a 160-acre ranch lot in the Yellow- stone Club, a private community in Big Sky, Montana. "A lot of people buy ranches and don't realize they're going to be hours away from amenities," Bough says. "Here, we can have privacy — we have 5,500 acres of the Lee Metcalf Wilderness in our backyard. It feels wilder than Yellowstone National Park, with fewer people, but it's just 10 minutes away from world-class dining and skiing.'' There are seven Yellowstone Club ranches currently on the market, ranging in size from 160 to 360 acres, and in price from $9.75 to $25 million. Only one of the properties has any structures. They are blank slates for families looking to customize a luxury legacy property. "It's unusual in the aspect that the other opportunities at Yellowstone Club are smaller," Bough says. "This way you can build an entire compound, seven to eight structures, up to 24 bedrooms, for many generations, and they are eligible for multiple memberships." To many people, the thought of owning a Montana ranch represents the polar opposite — total independence, autonomy, a rugged way of life — this is a place where you can have those aspects as well as the makings of a luxury vacation at your fingertips. For some, it's the best of both worlds. But first it's important to understand the Yellowstone Club itself — what it is, and where it's going. G rand Entrance After you've cleared the security gates to the Yellowstone Club, a winding mountain road takes you onto the grounds. It's hard not to be distracted by the scenery: timbered hills and towering peaks in almost every direction. Homes start popping up here and there, some settled into ridgetops, others perched slopeside among tall pine trees. Straight ahead you can make out ski runs cut into the side of Pioneer Mountain, with the Helmet and Sphinx Moun- tains jutting into the sky farther back. As you come around the last bend — poof — a bustling little village appears out of nowhere. THE GREAT OUTDOORS. Ranch owners at the Yellowstone Club can select from a myriad of adventures on their land, at the club, and at renowned destinations including Yellowstone National Park just minutes away. A DAVE PECUNIES PHOTOGRAPHY TONY DEMIN PHOTOGRAPHY

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