Taunya Fagan Bozeman Real Estate Blog: SW Montana Homes: MLS Listings: Montana: Livingston

The Benefits of Having a Billionaire For a Neighbor

Wade Dokken, owner and creator of the proposed Ameya Preserve development sold approximately 4,000 acres of his development to a neighboring landowner, Giorgio Perfetti, an heir to an Italian candy empire, which includes the popular Mentos mints.

The Ameya Preserve is an environmentally sensitive development, blending culture and ecology and is nature-centered, with music and cooking programs, dinosaur digging, a planeterium for star-gazing, and other activities. About 300 homes and commercial facilities are planned in the Bullis Creek drainage, four miles south of Livingston, Montana, in the beautiful Paradise Valley, home to movie stars and other prominent figures looking to escape the crowds.

Perfetti, the neighboring landowner in the Strickland Creek drainage, offered to buy because he didn't want to look at development from his own property, which is ensconced in the foothills and sports a unique airfield for landing his acrobatic planes.

The purchase wipes out a $13 million mortgage and a $6 million line of credit taken out for Ameya's development.

The Ameya property has a herd of several hundred elk and a variety of wildlife. Dokken hopes to start construction of some commercial facilities in the summer of 2008.

Taunya Fagan Real Estate in Bozeman Montana

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Comment balloon 1 commentTaunya Fagan • March 25 2008 08:18AM
The Benefits of Having a Billionaire For a Neighbor
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Wade Dokken, owner and creator of the proposed Ameya Preserve development sold approximately 4, 000 acres of his development to a neighboring landowner, Giorgio Perfetti, an heir to an Italian candy empire, which includes the popular Mentos mints. &… more