Engel & Völkers achieves highest ever sale price for a Utah Residential Property

Paul Benson, Licence Partner of Engel & Völkers Park City, has successfully brokered the 1,080-hectares “Riverband Ranch” in Oakley, Utah, for 32.5 million US dollars (29.3 million euros). This marks the highest sale price ever recorded for a residential property in the US state of Utah, according to the Multiple Listing Service.

Outstanding home set directly on the riverfront

Spanning some 1,560 square metres of exceptional living space, “Riverband Ranch” on the banks of the Weber River boasts an impressive range of comforts and amenities. In addition to nine bedrooms and eight bathrooms, the property presides over a fitness studio, a home cinema, and its own wine cellar. Interiors are finished with solid walnut bookcases, hickory floors and handcrafted wrought ironwork. The 1,080-hectares estate, located some 25 minutes from Park City, also features a large riverfront barn meticulously landscaped for entertaining or hosting weddings, a tennis court, a helipad and various bridle paths.

The buyer of the luxury estate is Trevor Milton, Managing Director of Nikola Motor, a competitor of the electric car company Tesla. “He had seen the film (Youtube) we produced showcasing the property and fortunately it was exactly what he was looking for,” says Paul Benson.

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Engel & Völkers Real estate agent Maria Danilova
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