AP NEWS

Shelter Island estate sold to anonymous world traveler

December 5, 2018

Shelter Island, a 22-acre luxury island estate on Flathead Lake near Rollins that most recently was listed for sale at 78 million.

The property “is like nothing else in the world,” Maddux said. “The fixtures and finishes were curated from around the world and come together perfectly to complete this one-of-a-kind property.”

The transaction was the largest sale of Flathead Lake property in more than a decade, she said, adding “it was an honor to list, market and complete the sale of this iconic Montana property.”

In 2016 ownership of Shelter Island was transferred to Second Step Asset Management Co., according to court documents. Maddux said this was a transfer of deed but not a sale. Second Step took the property in lieu of deed from the previous owner, she said.

According to a 2016 Daily Inter Lake article, the deed transfer indicated the sale may have been a short sale for 41.8 million in 2015, after a tax battle in which Abbey claimed the island’s taxable worth was far less at 367,696.

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