- 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.
- Visit Business Insider's homepage for more stories.
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.
"I plan on picking up multiple other properties like this one in order to preserve Utah and offer a sanctuary for my family, friends and others to enjoy," Milton told Katherine Clarke, who first reported the sale for the Wall Street Journal.
Take a look inside:
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Riverbend Ranch is located a half-hour's drive from Park City, Utah. The property sprawls across 2,670 acres.
Source: Engel & Völkers
The Weber River runs through the estate.
Source: Engel & Völkers
The house is 16,800 square feet ...
Source: Engel & Völkers
... and boasts nine bedrooms and eight bathrooms.
Source: Engel & Völkers
Its interior features hand-planed hickory flooring ...
Source: Engel & Völkers
... floor-to-ceiling walnut bookcases ...
Source: Engel & Völkers
... and hand-forged custom ironwork.
Source: Engel & Völkers
Most of the woodwork was created on an Amish Farm using reclaimed wood supplied by an Idaho schoolhouse.
Source: Engel & Völkers
Pocket doors connect the living area to a riverfront stone patio complete with fire pit and spa.
Source: Engel & Völkers
There is also an outdoor fireplace, dining area and lounge.
Source: Engel & Völkers
Luxury amenities include an in-home movie theater, tennis court and helipad.
Source: Engel & Völkers
And a garage that could fit many, many cars and ATVs.
Source: Engel & Völkers