Only $5.5M For This Montana Property. Hello New Skyrise?
It's really no surprise to anyone here in the area that have been looking at buying a house, renting an apartment or a townhome or even buying a small business, the prices are outrageous.
Recently listed by Realtor.com, you will find a trailer park off of East Griffin Dr. for $5.5 million. Now the big question is will it stay a trailer park? Or will some big company come in and purchase it and try and build high-end condos with skyrocketing prices?
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At some point the people at Bozeman have to speak up about this. $5.5 million for a piece of land. Let's be real. The estimated monthly mortgage on this type of loan would be around $35k per month.
Unless it's going to go to some sort of development project that is going to have affordable housing, that's not ready in five years but is ready next year, this doesn't seem like it's going to go the way it should for the people of Bozeman.
But I could be wrong. There are people that are willing to pay. Hence, the reason the prices are high and things are still selling.
We've been watching apartments go up in every single direction from here to Belgrade to Livingston to Gallatin Gateway, and it seems as though those apartments are going to be rented out quickly. Mostly with hopes of the monthly rent being lower than the $3,500's per month, residents are currently paying for a rental with 3 bedrooms.
Who wants to take a bet on what this new $5.5 million listing will bring to Bozeman. My guess is it's probably not affordable housing for you or our neighbors.
See Inside This 40 Million Dollar Montana Dream Home
Grey Cliffs Ranch, just outside of Three Forks Montana is for sale and is listed at just under 40 million dollars. This spectacular property comes with over 6 thousand acres and multiple buildings including a workshop and an indoor arena. The main house is almost 8000 square feet and includes 7 bedrooms, 8 baths, a gym, and much more.
Gallery Credit: Derek Wolf
These are the Top 8 Cheapest Towns To Live In, In Montana
Have you been contemplating moving to Montana? Maybe you already live here and the town has gotten so expensive you are having to relocate by no fault of your own. The good news, you can stay in Montana by moving to one of the cheapest towns in Montana.
PropertyClub.NYC has announced its 2023 list of the 8 cheapest Montana towns.
Gallery Credit: megan shaul
Check Out These 4 Amazing Bozeman Properties
Bozeman has its fair share of impressive homes. From rustic cabin to sleek modern, you are certainly likely to find something that suits your style. The question, of course, is can you afford it once you find it?
With the median single-family home price right around 865 thousand dollars, it might be hard to get into the home of your dreams.
However, for those of you with a big bank account, or if you just enjoy looking at top-end properties, we have 4 amazing homes for sale in the Bozeman area that you have to check out. From incredible views to amazing kitchens, check out these jaw-dropping homes.
Gallery Credit: Derek Wolf