If you had $136 million, you might have been able to own the Climbing Arrow Ranch, one of the largest private, undeveloped ranches in the West. Just 20 miles west of Belgrade, the ranch sold May 10 just days after it was listed and after a rather spirited bidding war. It is under contract to an unnamed American buyer, at close to its asking price, said Mike Swan of Swan Land Company. âSince our public release of the listing of the Climbing Arrow Ranch, we have received an extraordinary response from the market, with multiple parties stepping immediately,â said Swan in a prepared statement.