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Like the cold, clear waters of Flathead Lake, mystique surrounds Cromwell Island. It overlooks the legendary Wild Horse Island, where Salish and Kootenai historically swam their horses to keep them safe from rival tribes. With 348 acres and nearly three miles of shoreline, Cromwell is the largest private island in freshwater west of the Mississippi River that is under a single ownership. The island was purchased in the late 1980s by Robert M. Lee, a renowned automobile and antique arms collector, explorer, author, and conservationist. Before his death in 2016, Mr. Lee and his wife, Anne, partially completed construction on homes including 45,000 square feet of living space. Even in its unfinished state, ''The Villa'' has a magnitude of presence reminiscent of Versailles.
#370696

Dayton

None

None Beds

None Baths

41,248 Sq.Ft.

$72,000,000

MLS#: 370696

The Custer Legacy Ranch provides a rare combination to today’s market. This self-sustaining 23,500+/- acre deeded ranch is a single contiguous block, along with 1,280 acres of state lands lease totaling 24,780 acres. The ranch has extensive water resources, excellent range conditions, productive irrigated fields, and first class hunting for all species. The improvements on the ranch include four homes, one modular and the historic cabin that provide modern living accommodations for employees and guests. The homes have been maintained and updated as needed. Various locations of structures separate the homes and offer privacy for the occupants. There are several outbuildings at the main headquarters that include the following: two open faced buildings that provide protection for farm equipment, a large, heated shop, oil shed, a mill for grinding grains, 6 grain bins totaling 100,000 bushels of storage, a vet barn, a feedlot/working corrals, and scale house. One of the houses is perfectly located along the timbered foothills on the ranch’s western boundary, providing easy access to some of Montana’s finest elk & mule deer hunting. This set of improvements is approximately 7 miles from the other improvements and includes an additional log barn, granary, shop and a steel building. Custer Legacy Ranch offers extensive agricultural opportunities. Boasting eight center pivots, eight-wheel lines, gated pipe, and flood irrigation across 1,100± acres, the high-producing soils cultivate a bountiful harvest of corn, small grains, sugar beets, and alfalfa. The Ranch has extensive water rights that run with the property and also has shares of the Victory Ditch. For the avid hunter, prepare for an exhilarating adventure, pursuing monster bull elk, majestic white-tailed deer, graceful mule deer, swift antelope, pheasants, turkeys, Hungarian partridge, and sharp-tailed grouse. Notably, this ranch is renowned for its world-class waterfowl hunting, setting the stage for thrilling moments in the field. There also has 11 Hunter Blinds strategically placed throughout the ranch. Mature cottonwoods line the famous meandering Bighorn River for miles and fishing adventures are endless. Rarely do we see trophy-caliber ranches like this come to market. The Custer Legacy Ranch has all the desirable features, with unmatched privacy and scenic beauty combined with remarkable conservation and wildlife values.
#402651

Hardin

TBD 147A

3 Beds

3 Baths

N/A

$57,000,000

MLS#: 402651

In Big Sky’s Spanish Peaks Resort community, an unparalleled home design is becoming a reality. It integrates Nature’s majestic topography, landscape, materials and views to create a Modern Mountain Ranch home with 21st Century amenities & technology. On 1.01 acres, this 11,995 square foot 3-level home has expansive windows and terraces. SP Club Golf & Ski Membership conveys with purchase. Built-in Oxygenation System. MAIN FLOOR: Formal Living/Dining Room * Gourmet Kitchen/Dining * Bar/Wine Room * Family Room * 3-car Garage & 2-car Carport * Mud Room * Built-in Ski Lockers * Living Room w/ Gas Fireplace * Terrace w/ Fire Pit & Spa * Elevator SECOND FLOOR: Master Suite w/ His & Hers Closet & Seating Area w/ Exterior Terrace· * Kids Bedrooms & Bath * Guest Master Suite * Study/Library * Utility Room * Elevator LOWER FLOOR: Kids Bedrooms & Bath * Theater/Media Room * Golf Simulator Room * Game Room w/ Bar * Kids Play & TV Room* Utility/Laundry Room * Terrace w/ Spa * Elevator
#371663

Big Sky

1195 EAGLE VIEW Trail

6 Beds

6 Baths

11,995 Sq.Ft.

$25,555,000

MLS#: 371663

Great opportunity to own an office complex with multiple options. Large office building could be used for single user or broken down into smaller spaces. Additional pad site to the north of the existing building allows for further development. Tucked away in the trees, but close to the Cannery District, downtown, Interstate 90, and walking trails right at the edge of the lot. Amazing views of open space and the Bridger Mountains, with Bozeman Creek running along the west border of the lot, and access to Story Mill Community Park/Trail to the M. Original building was built in 1990 and is approximately 26,000 SF. The addition was built in 2015 and is approximately 38,000 SF. Buildings are connected with an annex at first and second floors. Each office has individual climate controls, and there is a 2,500 SF warehouse on site. Potential for end user ownership, investment opportunity with lease income, or combination of both.
#397892

Bozeman

701 Gold Avenue

None Beds

None Baths

64,052 Sq.Ft.

$25,000,000

MLS#: 397892

Stone Creek Subdivision is a fully entitled 170-acre master-planned community located along the future extensions of Collins Road and Weaver Road in Belgrade, Montana. Positioned in one of the Gallatin Valley’s most rapidly growing corridors, Stone Creek offers a well-balanced mix of residential uses with a total of 1,273 units, including 950 multifamily apartments, 217 single-family homes, 104 townhomes, and 2 commercial pads. The layout is designed to serve a broad range of housing needs while incorporating neighborhood-scale commercial space to support future residents. Located just minutes from downtown Belgrade and within a short drive to Bozeman, the subdivision offers convenient access to Interstate 90 and Bozeman Yellowstone International Airport. The property lies within the Belgrade School District, with multiple schools—such as Ridge View Elementary and Belgrade High School.. Everyday amenities such as grocery stores, restaurants, and healthcare services are readily available along Jackrabbit Lane, and regional retail centers in Bozeman are just 15 minutes away. Stone Creek is also well-positioned for outdoor and community-oriented living. The area provides access to parks, trails, and expansive recreation opportunities including fishing along the Gallatin River, hiking in the Bridger Mountains, and skiing within an hour’s drive. With infrastructure alignment along the Collins and Weaver road extensions and entitlements in place, Stone Creek Subdivision is a rare opportunity to develop at scale in a thriving Montana market.
#404204

Belgrade

TBD Weaver Ln

None Beds

None Baths

170.802 acres

$25,000,000

MLS#: 404204

Welcome to Lightfell—Where light, land and water meet and life slows down. This premier Montana estate offers the perfect fusion of functional modern luxury and a deep connection with the 20 acres of land located just 10 minutes from downtown Bozeman. Completed in 2024 by Centre Sky Architecture and Bridger Builders, this remarkable property features over 13,200 SF of living space - 7,600SF of interior living with a 5,655 SF, 3-bed main residence, a 1,990 SF, 4-bed guest home and 5,600+/- SF of outdoor living spaces, plus, a 5,300 SF shop and sportsman’s lounge—all crafted for elevated everyday living and effortless entertaining. Every detail of the main home has been meticulously designed, from floor-to-ceiling windows framing panoramic views of four mountain ranges that surround the valley to the tranquil sight lines over your private 3-acre, stocked pond. Enjoy seamless indoor-outdoor living with heated patios, a sunken hot tub, outdoor gas fireplace, built-in grills, and beautifully manicured lawn and landscaping. Inside, the 3-bedroom main home features a sanctuary primary suite with vaulted ceilings, fireplace, spa-inspired bath with soaking tub and tile shower, and a generous walk-in closet complete with island and private laundry. An open-concept Great Room with temp-controlled wine gallery, home gym, two additional ensuite bedrooms and fenced raised garden beds round out this thoughtfully curated residence. The 4-bedroom guest home is ideal for hosting, offering two identical wings—each with a spacious large bedroom and bunk room—joined by a comfortable central living area. Guests can enjoy privacy without sacrificing connection. The 5,300 SF heated shop is a dream setup for Montana’s outdoor lifestyle. Two pull-through bays including one with 14'x15’ doors and an additional door to accommodate RVs, toys, and gear. Inside, the Sportsman’s Lounge provides a rustic gathering space with kitchenette, gas stove, and built-in safe. Additional amenities include a dog wash station, washer/dryer, and an upper level game room with billiards, foosball, and shuffleboard completed by a rooftop deck offering sweeping views of the Bridgers—perfect for summer sunsets or starry nights. This rare offering delivers privacy, space, and five-star living in one of Bozeman’s most exclusive neighborhoods with abundant wildlife and Bozeman Creek access.
#403944

Bozeman

240 Horsetail Road

7 Beds

1 Baths

7,645 Sq.Ft.

$24,500,000

MLS#: 403944

The Schmidt Ranch offers an unparalleled recreational retreat just 10± minutes from downtown Bozeman, Montana. Spanning 1,598± deeded acres, this property captures the essence of Montana’s rugged beauty with rolling aspen hills, evergreen forests, meadows, and creeks, all with breathtaking views of the Bridger Mountain ridgeline to the north, along with sweeping 360-degree mountain views that complete this scenic landscape. Of the deeded acres, 1,236±-acres are protected under conservation easement with the Gallatin Valley Land Trust, ensuring a legacy of preservation. This easement allows for division into four parcels, each a minimum of 160 acres. Four building envelopes each support the construction of four single-family residences, with four additional guest or caretaker houses, which are ideal for creating your dream retreat or primary residence. The remaining 362± acres outside the easement currently features a modest single-family home built in 1984 with three bedrooms, one bathroom, a half bathroom, and a shed and garage. The Schmidt Ranch is a haven for wildlife enthusiasts, featuring abundant deer, elk, bear, moose, and diverse bird life. The property borders a mile of Forest Service land, expanding access to outdoor adventures, including hunting, fishing, hiking, cross-country skiing, and rock climbing. Strategically located near Kelly Canyon, Moffit Gulch, and Trail Creek Roads, the ranch is just 10± minutes from Bozeman’s amenities, 20± minutes from Bridger Bowl Ski Area, and only 1.5± hours from Yellowstone National Park’s north entrance. The Schmidt Ranch provides a unique opportunity to enjoy natural beauty and abundant recreation close to Bozeman, all within the serenity of a private retreat.
#397752

Bozeman

495 Moffit Gulch Road

None Beds

None Baths

N/A

$24,000,000

MLS#: 397752

Lolo Ranch is situated roughly 20 minutes south from Missoula, Montana’s second largest metropolitan area. Tucked at the base of the famed Bitterroot Mountain Range, the property has extensive water rights utilizing two irrigation pivots supporting a robust livestock operation. Access is exceptional with a paved highway providing close proximity to a full suite of services including commercial and private air transportation from Missoula’s newly renovated airport. Recreation is boundless, with millions of acres of public land directly adjacent to the property and unique access to several alpine lakes and the Lower 48’s largest wilderness complex. The Bitterroot River, flowing through the center of the valley, provides world class trout fishing only minutes from the ranch. There are numerous professionally designed ski runs in the higher elevations making winter skiing or summer mountain biking a private and exclusive experience. One of the largest herds of resident elk in the northern Bitterroot Valley call the ranch home. With its carefully crafted professional ski runs, adjacent access to millions of acres of public ground and proximity to a significant population center, Lolo Ranch has all the raw ingredients for a world-class destination or lifestyle development catering to an emerging class of residents looking for a recreation-centric lifestyle surrounded by spectacular scenery.
#402275

Lolo

8337 Lamar Trail

5 Beds

3 Baths

5,052 Sq.Ft.

$24,000,000

MLS#: 402275

The Schmidt Ranch offers an unparalleled recreational retreat just 10± minutes from downtown Bozeman, Montana. Spanning 1,598± deeded acres, this property captures the essence of Montana’s rugged beauty with rolling aspen hills, evergreen forests, meadows, and creeks, all with breathtaking views of the Bridger Mountain ridgeline to the north, along with sweeping 360-degree mountain views that complete this scenic landscape. Of the deeded acres, 1,236±-acres are protected under conservation easement with the Gallatin Valley Land Trust, ensuring a legacy of preservation. This easement allows for division into four parcels, each a minimum of 160 acres. Four building envelopes each support the construction of four single-family residences, with four additional guest or caretaker houses, which are ideal for creating your dream retreat or primary residence. The remaining 362± acres outside the easement currently features a modest single-family home built in 1984 with three bedrooms, one bathroom, a half bathroom, and a shed and garage. The Schmidt Ranch is a haven for wildlife enthusiasts, featuring abundant deer, elk, bear, moose, and diverse bird species. The property borders a mile of Forest Service land, expanding access to outdoor adventures, including hunting, fishing, hiking, cross-country skiing, and rock climbing. Strategically located near Kelly Canyon, Moffit Gulch, and Trail Creek Roads, the ranch is just 10± minutes from Bozeman’s amenities, 20± minutes from Bridger Bowl Ski Area, and only 1.5± hours from Yellowstone National Park’s north entrance. The Schmidt Ranch provides a unique opportunity to enjoy natural beauty and abundant recreation close to Bozeman, all within the serenity of a private retreat.
#397891

Bozeman

495 Moffit Gulch Road

None Beds

None Baths

1597.92 acres

$24,000,000

MLS#: 397891

We are pleased to present a generational opportunity to acquire The Osborne, a premier mixed-use asset located on East Main Street in Downtown Bozeman, Montana. Delivered in 2020 and designed by award-winning Locati Architects, this four-story, 33,044-square-foot building represents the only recent ground-up development on Bozeman’s core Main Street corridor – combining best-in-class construction, architectural excellence, and long-term income stability. The Osborne features a curated tenant mix of high-end retailers, premier dining, executive office suites, and a rooftop telecommunications lease. All tenants operate under long-term leases with annual increases, including NNN structures throughout. Located in the heart of one of the fastest-growing and most affluent micropolitan markets in the U.S., The Osborne benefits from a premier Main St location with access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.
#402684

Bozeman

233 E Main Street

None Beds

None Baths

33,044 Sq.Ft.

$24,000,000

MLS#: 402684

Located on the north shore of Ennis Lake in McAllister, Montana, this legacy property presents a rare opportunity to acquire just over 2,700+/- acres in one of Montana’s most desirable valleys. The offering combines lake frontage, agricultural production, equestrian infrastructure, conservation or development potential, and a fully operational commercial component. Showing by appointment only. A working ranch with residential, livestock, and infrastructure elements in place, Lost Heart Ranch anchors the entire offering. It is subdivided into 45 legal parcels, making if a great candidate for a conservation easement, possible development, and generational use. Includes 2,500± SF 4BD/3BA main residence (1994), 2,400± SF equipment shop with attached 2BD/1BA residence (2004), 3,100± SF livestock barn, and 1400± feet of lake frontage. A rare, turnkey 23.18 acre equestrian facility located on the lake, this component of the offering includes a 6,344+/- SF luxury home with a pool, lake frontage, and full horse infrastructure. The commercial asset of this property, Lake Shore Lodge offers a strong base for hospitality, storage, and lakefront access with expansion potential. Features 42 full-service RV sites (50 amp), office/store and bathhouse with laundry, 3 dry cabins and 3 additional 4 season rental cabins, room for employee housing, marina with 10 docks and seawall. 2 drain fields and 7 holding tanks with room for expansion. Excellent potential for income generation or private estate repurposing. With panoramic views in every direction—Lone Peak to the east, the Centennial Mountains to the south, and the rugged Tobacco Root Mountains to the west—the property features diverse topography including productive pasture, riparian corridors, and juniper-covered hillsides. Comprising three primary components—Lost Heart Ranch, Lake Shore Equestrian Estate, and Lake Shore Lodge—this property supports year-round ranching, recreation, and income generation, all just minutes from Ennis and under an hour to Bozeman.
#404797

McAllister

Lost Heart Ranch Ennis Lake Rd

4 Beds

4 Baths

13,842 Sq.Ft.

$23,500,000

MLS#: 404797

Misty Creek Ranch, a rare jewel nestled in the beauty of Montana's pristine landscape. As you enter the 241 acre community, a winding paved road meanders through towering trees and over the gentle flow of South Cottonwood Creek. Ascending a gentle hill, past the historic granary, the landscape unfolds, revealing panoramic vistas of majestic mountains and sprawling valleys. This land has long served as a habitat for elk and a historical calving site while whitetail deer, native fish, turkeys, mule deer, and a variety of native birds add to the splendor. Your horses and livestock needs are accounted for with a barn, sheds, and a corral. A 3800 sq. ft. guest house is a testament to comfort and convenience. Perfectly located, Misty Creek Ranch is just 20 minutes to downtown Bozeman, 30 minutes to the international airport, and 40 minutes to Big Sky world-class resort. With its unparalleled beauty and boundless potential, this Montana jewel awaits, ready to welcome you home.
#401887

Bozeman

13830 (Tract A-D) Cottonwood Road

None Beds

None Baths

241.0 acres

$22,000,000

MLS#: 401887

Nestled in the heart of Nye, Montana, Stillwater Legacy Ranch is a rare and remarkable offering that is rich in history and epitomizes the beauty and recreational abundance of the Stillwater Valley. Encompassing approximately 712± deeded acres, this property is framed by nature’s finest elements—rugged peaks, winding rivers, fertile meadows, and expansive nearby public lands. A true sanctuary for outdoor enthusiasts and nature lovers, the ranch is surrounded by the stunning Beartooth Mountains and Absaroka-Beartooth Wilderness. This untouched backcountry yields access to world-class hiking, fishing, hunting, and outdoor adventure, right from your back gate and beyond. Stillwater Legacy Ranch boasts an extraordinary 1.65± miles of the Stillwater River frontage, complemented by 0.7± miles of both sides of the West Fork Stillwater River flowing through the middle of the property. In addition to these significant water features, the property hosts a network of spring creeks that offer outstanding potential for stream restoration and enhancement, creating both ecological value and fly-fishing opportunities. Adding to its rarity, these natural thermal springs that never freeze over flow year-round through the property, enhancing its appeal, utility, and natural wonder. Originally homesteaded in 1896, this working ranch has been owned and operated by the same family for 129 years. It has earned distinction as a Montana Historical Ranch and is a treasured part of the state’s ranching heritage. Agriculturally, the ranch supports approximately 80± acres of flood-irrigated land planted in a productive creeping meadow foxtail and orchard grass mix, offering potential for hay production or livestock grazing. Improvements on the property include three modest homes, a barn, a garage, and four sheds—ideal for supporting an active agricultural lifestyle. Stillwater Legacy Ranch is ideally situated just 45± minutes from Columbus, 1± hour from the charming town of Red Lodge, and 1.5± hours from the commercial hub of Billings. Whether you’re seeking a private retreat, a working ranch, or a family legacy property, Stillwater Legacy Ranch offers unmatched natural beauty, abundant flowing waters, historic prestige, and remarkable privacy.
#404059

Nye

8 West Fork Road

3 Beds

3 Baths

1,920 Sq.Ft.

$19,500,000

MLS#: 404059

This exceptional 80-acre parcel along Baxter Lane presents a rare opportunity for high-density residential development in one of Bozeman’s most active growth areas. The property features a natural waterway and associated riparian corridor, offering scenic views and potential for integrated open space and community amenities. Strategically located adjacent to the master-planned Northwest Crossing community, this parcel benefits from direct proximity to a future mixed-use hub that includes over 700 planned residences, more than 150,000 square feet of commercial space, and approximately 30 acres of dedicated parks and green space. The site is also near the expansive Bozeman Sports Park and Gallatin High School, Bozeman’s newest high school campus. Zoned R-4 and R-5, already annexed within the City of Bozeman, the property is positioned for a mix of townhomes, apartments, and other high-density housing types. A designated grocery store pad site is included in the plan, with a presale opportunity available to qualified buyers upon signing a non-disclosure agreement (NDA). This location offers easy access to the city’s vibrant downtown district, home to a diverse selection of restaurants, shops, galleries, and cultural venues. Outdoor recreation is a defining feature of the region, with nearby access to popular hiking trails such as the M Trail, Triple Tree Trail, and Chestnut Mountain Trail. For winter sports enthusiasts, both Bridger Bowl and Big Sky Resort are within a convenient drive, providing world-class skiing and snowboarding. This development-ready property combines location, infrastructure, and natural beauty, making it an ideal investment for forward-thinking residential and mixed-use projects in Bozeman’s thriving real estate market. Please contact us for more details or to request information under NDA for the grocery pad presale opportunity.
#402556

Bozeman

TBD Baxter Lane

None Beds

None Baths

80.705 acres

$18,000,000

MLS#: 402556

Set amidst the grandeur of Big Sky’s Spanish Peaks Mountain Club, this extraordinary home is a modern mountain sanctuary where architecture and landscape live in perfect harmony. From the moment you step inside, walls of floor-to-ceiling windows frame sweeping, unobstructed views of the Spanish Peaks mountain range, flooding each room with golden Montana light and an ever-changing panorama of alpine beauty. Designed for both relaxation and recreation, the residence features five spacious bedrooms and six and a half baths, offering luxurious comfort for family and guests alike. The heart of the home is a grand great room anchored by a handcrafted stone fireplace, where evenings unfold in warmth and style. The wine room, with its 17-foot ceilings, creates a signature space just off the great room, while the indoor sauna provides the perfect retreat after a day of skiing or hiking. For those with an active spirit, there is a private sport court designed and built for regulation pickleball along with a basketball hoop, hockey nets or workout area - opportunities abound for your needs. The trail system is just steps from the back door and offer endless choices for play and exploration. Enjoy the Tom Weiskopf golf course or the Tom’s 10 Par 3 Course. The Spanish Peaks Club house offers fine dining, clubhouse bar, golf/ski shop, fitness center and pool/hot tub. Expansive outdoor living spaces — including a large patio with kitchen out back and a covered deck out front — create an effortless flow between the indoors and Montana’s magnificent outdoors. Only a short drive from Big Sky’s Town Center, this residence combines refined design, thoughtful amenities, and a deep connection to nature. It’s more than a home — it’s a lifestyle defined by serenity, adventure, and the unmatched beauty of the Spanish Peaks. Scheduled completion spring 2026.
#407101

Big Sky

58 Wildridge Fork

5 Beds

6 Baths

8,356 Sq.Ft.

$16,900,000

MLS#: 407101

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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