Worlds Most Expensive Properties - Pinnacle Yellowstone Club

casino blog
11 April 2009

The word “pinnacle” means the highest or culminating point, as of success, power, fame, etc. Tim Blixseth, never one to mince words, is the billionaire real estate mogul who planned to build an estate of this name in his exclusive Yellowstone Club - a billionaires-only community - in Montana. Pinnacle was primed to be one of the most expensive homes ever built.

While most of us aspire to a debt-free life, with maybe a good steak to eat every once in a while, Tim aspired to the most lavish home in the U.S., and planned to spend a whopping $155-million to build it. Although his plans have since fell through due to the economic crisis in America, he still thoroughly planned Pinnacle's construction, and it was the talk of the town for years.

Tim Blixseth's vision was called nothing less than extraordinary by other well-to-do businessmen. Throughout the Yellowstone Community, The Pinnacle was a much anticipated addition to the already lavish area. Since the home was set to be built in Montana, extra measures were taken to protect the lucky owners against the bitter cold of winter. While most driveways are prone to icing over, Blixseth called for a heated driveway to be installed. Also, to ward off those cold feet, the entire home was slated to have flagstone heated floors.

Other features of the home were set to include large bathrooms with Jacuzzi tubs, featuring wood-burning fireplaces alongside for warmth and ambiance. The space inside the Pinnacle would be second to none. Even though the home would only feature 53,000 square-feet of living space - much less than other, less expensive homes - it would only feature 10 bedrooms, allowing for overly expansive rooms that showcased the natural lighting let in by the huge windows and skylights. There was also a semi-heated indoor/outdoor pool set to be located in the house near the full gym and massage parlor.

One of the home's focal points was set to be the extensive 8,000 bottle wine cellar. Billionaires tend to be wine connoisseurs, and Blixseth was holding nothing back with his cellar that rivals some of the country's top wineries. Pinnacle's construction was slated to be very swift, which increased the price even more. Blixseth hoped the get his home on the market before the fluctuations began. Not only did the market fluctuate, but the ground shook beneath it, causing the housing bubble to completely burst.

Not even the Yellowstone Club billionaire's community was protected from financial crisis, as it's reported the community suffered a financial loss in the billions. If Pinnacle saw completion, the home would also contain a large custom movie theater, three separate elevators, a regulation bowling alley, a covered gondola from ski run to the home, a large pond and stream, and an underground garage holding up to 40 cars. The land Pinnacle was to be built on was sold to Loren Bough.

Tags: bowling, blixseth, yellowstone park, pinnacle, loren bough, montana,
Posted In: Real Estate,
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