Courtesy Mission Control Marketing
Riverbend Ranch sold for $32.5 million in November and became Utah's most expensive home sale.
- Riverbend Ranch just sold to Nikola Motor CEO Trevor Milton for $32.5 million and became Utah's most expensive home sale.
- The 2,670-acre estate is half an hour from Park City, Utah, and features a helipad.
- The house boasts nine bedrooms, eight bathrooms, and an in-home movie theater.
- In September, Forbes valued Milton's ownership of Nikola Motor at $1.1 billion.
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Riverbend Ranch, a 2,670-acre estate outside of Park City, Utah, just became the most expensive home sale in Utah's history.
Engel & Völkers advisor Paul Benson, who brokered the sale, told Business Insider that the estate sold for $32.5 million to Nikola Motor CEO Trevor Milton. Nikola Motor, which produces hydrogen-electric trucks, recently received a $250 million investment, Forbes reported in September. Forbes valued Milton's ownership of Nikola Motor at $1.1 billion.
A Park City ski chalet that sold for $22.5 million earlier this year previously held the record for most expensive home sale in Utah.
Milton purchased the Riverbend Ranch from Vinny Smith, former Quest Software CEO and current head of Toba Capital.
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