Introduction

High above Billings, where the Montana plains open toward the distant Beartooth Mountains, 5650 Canyonwoods Drive appears less like a conventional residence and more like a private stone fortress. Completed in 2014 and spread across 70 acres, the estate contains an extraordinary 30,843 square feet of living space, with 10 bedrooms, 19 bathrooms, guest quarters and garage space for 14 vehicles.

The mansion was conceived as a modern interpretation of a European castle, but its scale and engineering place it closer to a private resort. Built to commercial standards, it includes personal and service elevators, three swimming pools, a two-lane bowling alley, private theater, indoor shooting range, wine cellar and extensive fitness facilities. Beyond the house are hiking trails, outdoor entertaining areas and a three-hole golf course, all positioned to take advantage of the wide Yellowstone County views. Its story, however, is every bit as remarkable as its architecture. Although barely more than a decade old, the estate has already become one of Montana’s most recognizable—and most controversial—modern homes

The Story Behind the Estate

Completed in 2014, the mansion at 5650 Canyonwoods Drive began as the private vision of Larry Wayne Price Jr., then a prominent figure in Montana’s coal industry. Its commercial-grade construction, castle-inspired exterior and resort-sized amenities made it one of the most ambitious residential projects ever undertaken in Billings. Within only a few years, however, the estate became connected to a federal financial investigation that would permanently change the way the property was viewed.

According to the U.S. Department of Justice, Price embezzled approximately $20.3 million from three coal-related companies between October 2016 and April 2018. Federal records later identified the Canyonwoods residence among the assets connected to the crimes and subject to forfeiture. As investors began questioning the missing money in April 2018, Price disappeared in Virginia and later claimed that he had been kidnapped by members of a motorcycle gang. Investigators determined that the abduction had never occurred. Price pleaded guilty in December 2018 to wire fraud, conspiracy to commit money laundering and making a false official statement. In 2020, he received a five-year federal prison sentence followed by three years of supervised release.

The legal case left the mansion’s future uncertain. It remained largely unoccupied for a period and entered the market in 2019 with a $16.5 million asking price. After several price reductions, the estate was sold in March 2021; local reporting placed the final sale price at approximately $7.5 million. Its new owners subsequently expanded and refined the property, helping transform it from a symbol of an unfinished legal and financial saga into a fully realized luxury estate.

In 2025, Canyonwoods returned to the market at $26.9 million, now encompassing 70 acres and more than 30,000 square feet. The asking price was later reduced to $24.9 million in May 2026. The house may not possess centuries of architectural history, but few modern American estates have accumulated such a complicated and closely documented story in little more than a decade.

Architecture & Design

The architecture of 5650 Canyonwoods Drive is deliberately theatrical. Designed as a modern interpretation of a European castle, the multi-level residence uses stone walls, varied rooflines, a turret and formal approach to give its enormous footprint a sense of structure. A moat-like water feature and attached drawbridge strengthen the castle imagery, while broad terraces and large windows turn the building outward toward the surrounding Montana landscape.

Behind the romantic exterior is a thoroughly modern building constructed to commercial standards. Personal and service elevators connect the different levels, while nine oversized garage bays provide space for as many as 14 vehicles. The floor plan is closer in scale to a boutique hotel than a typical private residence, with 10 bedroom suites, 19 bathrooms, guest quarters and several kitchens arranged to accommodate both everyday living and large gatherings.

Formal rooms feature chandeliers, fireplaces, custom cabinetry and expansive entertaining areas, but the estate’s recreational spaces are what truly define its design. An indoor pool, full gym with locker rooms, private theater, wine cellar, two-lane bowling alley, golf simulator and indoor shooting range are integrated into the main structure. Advanced automation helps manage the lighting, security and mechanical systems required by a house of this size. Although its visual language borrows from old-world castles, the estate is fundamentally a modern, highly engineered residence built around privacy, entertainment and scale.

Location & Lifestyle

The estate occupies 70 elevated acres on the western edge of Billings, with long views across Yellowstone County toward the Beartooth Mountains. The setting offers the openness normally associated with a remote Montana ranch, yet the shops, restaurants, schools and services of Billings remain within practical driving distance. Its position above the city also brings a constantly changing backdrop of mountain light, broad skies and distant plains.

Life at Canyonwoods is designed to remain largely within the estate. Hiking trails cross the property, while a three-hole golf course, tennis and volleyball courts, three swimming pools and landscaped water features provide recreation without leaving the grounds. Multiple outdoor kitchens and entertaining terraces make full use of Montana’s warmer months, while the indoor amenities allow the house to function as a private resort throughout winter. Guest quarters and extensive parking make large gatherings possible without disturbing the main living areas. This is not a quiet weekend cabin; it is a self-contained estate created for someone who wants space, privacy and nearly every recreational option available at home.

Editor’s Note

Canyonwoods may not carry the age or craftsmanship of a traditional historic home, but it earns attention through sheer ambition. Few private residences attempt to combine the presence of a stone castle with the facilities of a luxury resort on this scale. Its complicated past will always remain part of its identity, yet the estate has moved beyond that troubled beginning to become one of Montana’s most recognizable modern properties. It is excessive, unconventional and unlikely to appeal to everyone—but as an example of contemporary American mansion building, it is impossible to ignore.