Jackson Billionaires Are Officially Pushing Out The Millionaires

If you've lived in Wyoming long enough you've heard that Jackson, Wyoming is where the Billionaires are driving out the Millionaires.

Well, it's true.

Even across the pond in the UK they have heard of this as the UK DAILY MAIL reports.

Millionaires once accused of ruining a gorgeous town in Wyoming now complain they are being driven out of the area by billionaires.

The story goes on to talk about the many famous people who have lived in Jackson for many years, including actors like Harrison Ford and Matthew McConaughey.

But these same millionaires are being priced out by billionaires looking to buy multiple vacation homes and house prices have risen even further.

 

The median income in Teton County is $108,000 a year while the average listing price for a single-family home sits at more than $7million.

Most people who live in Jackson do not make their living in Jackson.

They just love the view.

'The billionaires are buying out the millionaires,' construction worker John Smaellie told CBS News. 

 

Most of these expensive homes are not occupied full-time, They might be worth an outrageous amount of money but they are only summer homes. It can be hard to get in and out of Jackson in the winter. It gets bitterly cold and packed with snow.

The Daily Mail story goes on to explain how the average worker in Jackson cannot afford to live there. They travel back and forth through the Teton Mountain Pass every day to and from the Idaho side where the cost of living is much lower.

A cabin in Wyoming? Sure, that sounds great.

What about A CASTLE?

Located on a Wyoming hilltop and complete with towers, tunnels... hold on, tunnels too?

This castle has a panoramic view and can be yours for a mere $14 million.

“It’s a bit of a local landmark,” said listing agent Patty Speakman of Compass. “I think everyone who lives here knows about it.” (Mansion Global).

This Wyoming castle was built in 1992 on a 40-acre lot in Bedford, Wyoming which is on the western edge of the state near the Idaho border.

He “always had a dream, he wanted a castle and that’s what he created,” said Speakman, who brought the home to the market earlier this week with Rusty Kunkle of Keller Williams Jackson Hole. (Mansion Global).

 

This castle has five bedrooms.

Two towers to shoot arrows at invaders.

There are huge pillars and columns, and tunnels that run from the house to other parts of the property. Those tunnels sound really cool, especially in the winter months

It's big, as all castles are, spanning 9,500 square feet. I'm sure you can find something to do with all of that room.

You'll love the huge living spaces and lofty cathedral ceilings.

The castle features mostly stone floors, grand fireplaces, and spiral staircases.

If you're thinking a place like this needs hidden rooms- well, it's got them.

Unlike castles of old, this place is not dark. It lets a lot of light in and you'll love the views.

There are plenty of terraces and decks to enjoy the view and fresh air.

Don't worry about neighbors.

“It’s such a beautiful setting sitting up on that hilltop, so quiet and beautiful,” Speakman said, adding that there’s “total seclusion.” (Mansion Global).

This grand place is fortified against a zombie apocalypse. A brick wall encircles the grounds, along with lush trees, ponds, and a workshop—which can be reached via one of those tunnels.

If you can afford all of this then you'll need a helipad. That's on top.

The buyer is “going to be someone who’s looking for privacy,” Speakman said. “Maybe someone looking for something a bit unique, a bit different. Maybe someone who also has a passion for castles.  (Mansion Global).

Follow this link for photos of the inside and out.