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Realtor says Billings' largest mansion under contract for sale

Judge orders assets of Billings mansion developer frozen in fraud case
Posted at 6:09 PM, Feb 10, 2021
and last updated 2021-02-11 12:44:11-05

Billings' largest and most controversial mansion is off the market.

The property at 5650 Canyonwoods Dr. in the Ironwood subdivision is under contract at a sales price of $11.5 million, according to Dawn Maddux, an agent with Missoula-based Engel & Volkers Western Frontier who represented both seller and buyer.

Maddux announced the deal Tuesday on Facebook.

The 30,000-square-foot home boasts 10 bedrooms, 19 bathrooms, a 14-car garage, a five-story elevator, an indoor shooting range, three swimming pools and a bowling alley. It's been on the market since the summer of 2019 and seen the asking price drop $5 million since then.

The mansion was developed by Larry Price Jr., who pleaded guilty in 2019 to embezzling $20 million from three coal-related companies to finance the building of the property. He is serving a five-year sentence in federal prison for the scheme.

One of the three firms Price victimized, Three Blind Mice LLC of Wyoming, currently owns the mansion.

While signing a contract is a big move toward a sale, the deal could still fall apart, and the house would go back on the market.