The property is located in Sonoma County, about an hour away from Santa Rosa by car.
Montana originally listed the home in 2009 for $49 million.
The estate spans 500 acres ...
... and was built in the early 2000s by Montana and his wife.
According to The Wall Street Journal, the design of the estate was inspired by buildings the couple saw while visiting Europe.
It includes a 9,700-square-foot main residence ...
... which has three bedrooms ...
Amenities include a swimming pool ...
... a basketball court ...
Also on the property is a skeet shooting range ...
... a bocce ball court ...
... and an equestrian facility.
The property also includes a guest house and a caretaker's house.
According to The Wall Street Journal, the Montanas also own the compound next door, which is for sale for $3.1 million.