Are you looking for a good deal in a hot real estate market? Are you a buy low, sell high real estate investor? Rapper Kanye West just might have the perfect property for you out in Cody, Wyoming where Yeezy has a 4,000-acre piece of land with two trophy fishing lakes and a go-cart track on the property.
After spending $14 million for the property in 2018, Kanye is now looking to unload the West Lake Ranch for the low asking price of $11 million. That’s right, the guy is clearly looking to dump the oasis that is loaded with trophy trout fishing and plenty of places to ride horses and shoot guns.
According to Kanye’s realtor:
The once-in-a-lifetime property contains a BLM lease, equipment sheds, equine facility, livestock corrals, and hay meadows. The lodge, commercial kitchen, go-cart track, and trophy trout fishing bring commercial opportunities. The views of the sandstone cliffs and Absaroka mountains make it a premier Wyoming ranch investment.
It’s unclear how the lodge works whether it’s a fishing camp or if you could live in the structure. What’s clear is that you’d have plenty of room to build yourself a nice little 3,000 sq. ft. cabin to enjoy when you fly into Cody for some rest and relaxation at your massive retreat.
Now for the bad news:
• Nearest Starbucks – 12 miles
• Whole Foods – 13 miles
• Walmart liquor store – 15 miles
That’s right, you’ll have to drive into town in your massive Cadillac SUV for those big city conveniences you’re hooked on.
Mortgage: About $41,000/mo. before you hire a team to take care of this place. You’re probably looking at $1.2 million a year — at least — to make this place fully operational as you’d like it. Just sell some Bitcoin and you’ll be fine.