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.