Tim Blixseth, founder of the 14,300 acre private ski and golf, tightly-gated community, the Yellowstone Club, (which is being sold) has sold the private 160-acre, skiable chunk of land on the Club's property, nixing his plan to build the "Pinnacle," the world's most expensive home, at 53,000 square feet and priced at $155 million.
The Pinnacle's plans, to be designed by Locati Architects, included a private ski lift to take skiers from inside the house to the top of the private, 2,200 skiable acre, 2,700 vertical feet, private ski area, boasting 400 inches of average annual snowfall and topping out at 9,860 feet. Pinnacle plans included a heated driveway and an indoor-outdoor pool with a retractable glass wall for summer and winter comfort.
Madison County, Montana Courthouse records indicate that Blixseth also faces three new lawsuits (with Greg LeMond, Michael Snow, and Boyne Ski Properties) related to landholdings in the Big Sky, MT region.
The complete Yellowstone Club is being sold for $455 millon; the sale's closing date is ~April 15, 2008. The purported new owner is Boston-based, private equity firm, Crossharbor Capital.
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