Bing Crosby’s former Nevada ranch sells for $14.2 million
A 3,000-acre Nevada cattle ranch formerly owned by Bing Crosby has sold for $14.2 million, nearly double its 2019 asking price. The sale highlights the rising market demand for large, well-watered Western properties.
Why it matters
The transaction illustrates the trend of high-net-worth individuals investing in large-scale agricultural land for both utility and prestige.
In the 1940s, at the height of his fame as a singer and movie star, Bing Crosby sought refuge from Hollywood by buying a string of ranches in northeastern Nevada. One of those properties, which was a roughly 3,000-acre working cattle ranch in Elko County, has just sold off-market for $14.2 million, according to The Wall Street Journal (WSJ). The sale price is about double the ranch’s original pre-pandemic asking price of $7.28 million when it first hit the market in 2019. The deal underscores how demand for large, well-watered Western ranches has surged in recent years, even as the property’s Hollywood pedigree adds a layer of historic allure.A Hollywood escape in the high desertCrosby, best known for hits like 'White Christmas' and his Oscar-winning role in 'Going My Way', owned seven ranches in the Elko area during the 1940s and 1950s.
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