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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

LOCATION, LOCATION, LOCATION!!!! Here is your chance to own a piece of Anaconda History along with a prime location for your business venture. 1210 East Park was once the home of the Anaconda Brewing Company in the late 1930s, later becoming the Sugrue Bottling Company and eventually part of the Harrington Pepsi Company. The warehouse is mostly wide open, lending itself to multiple uses. There is office space as well as a rest room and parking in the back if needed!! Contact your favorite Realtor for a showing today!!
#402120

Anaconda

1210 E Park Street

None Beds

None Baths

5,840 Sq.Ft.

$450,000

MLS#: 402120

This is a prime investment opportunity in the rapidly growing Mill District of northeast Bozeman. The area is currently undergoing multiple redevelopment projects, such as the Bronkens/Cloverleaf project, Wallace Works, North Ida/East Cottonwood redevelopment, and Block 104. It is also located just one block from popular spots like Wild Crumb Bakery, Treeline Coffee, Finks Deli, and the Wildlands residences. The storage warehouse is about 4,875 square feet on an approximately 11,500 square foot lot. It is currently rented at a below-market rate of $1,500 per month on a month-to-month basis. It is situated at a potential future connection point between the east section of East Cottonwood Road and the original Front Street. The City's Transportation Plan envisions reconnecting and upgrading East Cottonwood's extension into Front Street, including roadways and walking/biking paths. Furthermore, it serves as a crucial interconnection for sewer, water, and other utilities for the eastern side of the Mill District. The Northeast Historic Mixed-Use (NEHMU) zoning allows for residential, commercial, retail, and bar/restaurant uses, along with accessory dwelling units (ADUs). The lot to the north is also available, which creates an exciting opportunity for redeveloping the 18,600 square feet site with a mix of commercial and residential uses plus parking.
#400128

Bozeman

725 E Cottonwood Street

None Beds

None Baths

4,875 Sq.Ft.

$950,000

MLS#: 400128

Price reduced
This 3-bedroom, 2.5-bath home has everything you're looking for including BRAND NEW CARPET. Step into the generously sized living room flooded with natural light, featuring a gas fireplace to keep you cozy on cold winter days. The spacious kitchen and dining area boast fresh paint, ample cabinet space, and a convenient gas range. Upstairs, you'll find a master suite with soaring vaulted ceilings and two additional bedrooms. The versatile bonus room on the upper level offers over 300 square feet of additional living space—perfect as a 4th bedroom, home office, or media room. Enjoy Montana evenings on the deck or gathered around the backyard fire pit. Conveniently located near downtown Belgrade, parks, Bozeman Airport, and I-90.
#407396

Belgrade

1314 Idaho Street

3 Beds

2 Baths

1,780 Sq.Ft.

$500,000

MLS#: 407396

Well-maintained 3 bedroom/2.5 bath end-unit condominium with an attached 1-car garage, ideally located in Bozeman, MT. This thoughtfully designed home offers a functional and inviting main level featuring an open-concept layout and a well-appointed kitchen with ample cabinetry, pantry, and convenient eating-bar seating. The adjacent living and dining areas are filled with natural light and provide seamless access through a patio slider to a partially fenced outdoor space. Upstairs, the spacious primary suite includes a walk-in closet and a private ensuite bathroom with generous counter space. Two additional bedrooms are well-sized and versatile, complemented by a conveniently located second-floor laundry area for everyday ease. As an end unit, this condo offers added privacy and natural light. Whether used as a primary residence or an investment property, this home presents rental potential and low-maintenance living in a desirable Bozeman location. Schedule your private showing today.
#407593

Bozeman

515 Michael Grove Avenue 60

3 Beds

2 Baths

1,396 Sq.Ft.

$389,000

MLS#: 407593

Nice, efficient commercial condo in the Four Corners area. This commercial condo has three private offices, all with windows. There are also some partial privacy walls in place to create more semi-private work stations. Additional open space can be used for additional collaborative work areas, open conference room, reception/waiting area, etc. There is also a small kitchenette hallway, and common restrooms are just down the hall. This is a great value for an entry level opportunity to own your own office.
#407469

Bozeman

380 Ice Center Lane D

None Beds

None Baths

1,402 Sq.Ft.

$385,000

MLS#: 407469

Welcome to the final phase of Rogers! This newly built condo is thoughtfully designed to combine modern style with everyday comfort, all while capturing peaceful, lush views. On the main level, you’ll find a versatile bedroom with a full bathroom just across the hall—perfect for guests, a home office, or a quiet retreat. The kitchen features stainless steel appliances, a gas range, and a stylish tile backsplash, and it flows seamlessly into the open living and dining areas. Step outside to the covered patio and enjoy a fully fenced, landscaped backyard—ideal for soaking in every Montana season. Upstairs, the spacious primary suite offers a walk-in tiled shower, double vanity, and a generously sized walk-in closet. Two additional bedrooms, a full bathroom, and a cozy flex nook at the end of the hallway provide extra room for work, hobbies, or relaxation. Unwind with your morning coffee or take in evening sunsets from the covered balcony with serene Bridger views.
#407188

Bozeman

748 Rogers Way B

4 Beds

2 Baths

1,906 Sq.Ft.

$599,000

MLS#: 407188

Welcome to your own majestic retreat on the banks of the mighty Missouri River! This extraordinary estate offers unparalleled privacy, surrounded by the breathtaking natural beauty of Montana's landscapes. As you approach, you'll be greeted by over a mile of pristine river frontage, providing endless opportunities for fishing, boating, and relaxation along the Missouri. The centerpiece of this remarkable estate is a stunning castle-inspired residence, exuding timeless elegance and architectural grandeur. Features such as a cedar-lined sauna, expansive wine cellar, turret with reading room, two attached garages, multiple fireplaces, and the bold, castle-like courtyard complete with gargoyles, add to the allure of the property. The home is thoughtfully laid out with wings for the homeowners and guests. The main wing includes a bedroom, walk-in closet, ensuite bath, office, laundry room, and one of the attached two-car garages with direct entry. In the guest wing, you’ll find three guest bedrooms, two baths, a 2-car garage, ample storage, and a guest laundry room. The main living area contains a grand entry with vaulted ceiling and an open concept kitchen, living room, and dining room. The exquisite views over the expansive, plush lawn to the river and scenic open lands will take your breath away. Cozy up to the living room fireplace and enjoy the abundance of wild animals and bird life in your backyard. The round dining room has spectacular views in every direction and is highlighted by a custom-made round table to complement the space. Aviation enthusiasts will be delighted by the inclusion of an airplane hangar and three private airstrips, providing convenient access for travel and exploration. The possibilities are endless for those with a passion for flight and adventure, whether urban or backcountry. For the avid boater or water enthusiast, a remarkable boathouse awaits, complete with a concrete ramp for effortless access to the river. Imagine embarking on leisurely cruises or exciting adventures right from your own backyard. For those seeking space for hobbies or projects, a large workshop within the hangar offers ample room for creativity and craftsmanship, while the two-bedroom guest quarters with a full kitchen provide comfortable accommodations for visitors or extended stays. This exceptional property offers a rare opportunity to own a piece of Montana's pristine wilderness, where every day brings new adventures and cherished memories.
#392771

Great Falls

665 Wilson Butte Road

5 Beds

2 Baths

4,703 Sq.Ft.

$4,250,000

MLS#: 392771

The River Rest Cabins present a rare investment opportunity in Southwest Montana, offering three luxury cabins in an inspiring setting with expansive Tobacco Root Mountain and river valley views. Located in Silver Star just off Highway 41, the property borders state land and provides direct access to the Jefferson River, creating a scenic backdrop ideal for fishing, recreation, and wildlife viewing. The property features three well-appointed cabins: two measuring 576 square-feet and one larger 768 square-foot cabin. Each cabin includes 2 bedrooms, 1 bathroom, a comfortable living room, full kitchen, and covered front porch. Built with classic wood siding and durable metal roofs, the cabins combine Montana character with low-maintenance design. The larger cabin also includes a dedicated laundry room, providing added flexibility for owner occupancy or longer-term stays. Offered fully furnished and move-in ready, the River Rest Cabins have a strong history of successful vacation rentals as well as month-to-month occupancy. The layout allows multiple buyer options, including operating all three as income-producing rentals or living in one cabin while renting the others. With private river access, bordering public land, and no CC&Rs, this property delivers versatility, income potential, and a Montana retreat that balances accessibility with recreational opportunities.
#407835

Silver Star

5 River Rest Lane

6 Beds

3 Baths

1,920 Sq.Ft.

$749,000

MLS#: 407835

Outstanding 4+ acre parcel available in Gallatin Valley's banana belt. The area known for the outstanding views of the surrounding mountain ranges and the infamous Thompson Spring Creek. This property features Thompson Spring Creek, and a beautiful building site to take advantage of the outstanding unobstructed views. The 4-bedroom septic system is installed. Abundance of waterfowl, pheasants, deer, Sandhill Cranes and the occasional elk visit this property. Fishing access to the East Gallatin River is 1.5 miles away for great wade fishing. A must see property !
#392194

Belgrade

TBD Hamilton

None Beds

None Baths

4.03 acres

$950,000

MLS#: 392194

Price reduced
Entrepenures and Investors! Discover exceptional Main Street visibility and potential with this 4,150± sq. ft. commercial building ideally located on bustling East Park Avenue in the heart of Anaconda Montana's business district. Built in 1960 and situated on a 7,013± sq. ft. lot, this property offers versatile space suited for retail, office, or mixed commercial use. Large display windows provide excellent street exposure and natural light, creating an inviting presence for customers and clients alike. The building’s phenomenal corner lot location ensures steady traffic and easy accessibility, just steps from downtown Anaconda amenities and other thriving local businesses. The current use, and business Anode Design's is also for sale. Anode is a profitable clothing, apparel, and embroidery company that creates and sells custom clothing items, including options like t-shirts, hats, and other promotional apparel. The company has oodles of potential, and vast room to grow. The large building, coupled with the companies growth capabilities, make this property and business very appealing to all potential buyers. The large lot offers ample space for future expansion, and operational growth, as business needs evolve. Whether you’re an investor seeking a solid and proven income property, and / or a business owner ready to establish a presence in one of Montana’s most historic towns, this property presents a unique opportunity. Please contact me to schedule a showing.
#406578

Anaconda

421 E Park

None Beds

None Baths

4,150 Sq.Ft.

$374,900

MLS#: 406578

Creeks! Trails! Views! Meadows! Southern Exposure! Cute dry cabin hidden in an aspen grove! This 15.268 acre property just outside of downtown Red Lodge is a fairy tale come to life and very fun to explore. It consists of a huge upper meadow, a creek running along the west side, and a creek crossing in spots on east side. The meadow is perfect for horses or just taking in the spectacular views... including Red Lodge ski area. Garden space next to one creek. NO COVENANTS! * 1.8 miles to Red Lodge Mountain Golf Course. * 3.8 miles to the heart of downtown Red Lodge, restaurants and shopping. * 10.9 miles to Red Lodge Ski Area (home of Skijoring National Finals! * ?? miles to your next outdoor adventure (National Forest near by, Beartooth Pass, Cooke City, Yellowstone!) And for the practical stuff: There is electricity on the lot. There is a well - we have not found well log yet. Driveway is currently completed with gravel to the bottom of the hill, and cleared up to the meadow. The portion to the meadow will be graveled when weather permits. Driveway is a deeded easement. The dry cabin could be turned into a great little getaway. See supplemental documents for a diagram of the lot and where to explore! Showings appointment only due to ongoing driveway construction and locked gate.
#406848

Red Lodge

NHN Highway 78

None Beds

None Baths

15.268 acres

$680,000

MLS#: 406848

Annual gross rental income = $ 61,800. Cap Rate 6%. Newly and extensively renovated, including the systems, the pictures and attached video of the interior and exterior tell the story. The brick building has some special architectural features. The property has two buildings with a total of four units. Three units are the two-story brick building and the fourth unit is in a separate house. All units are currently rented. Two of the units in the brick building have 3 bedrooms and 1 1/2 bathrooms and the third unit has a 2 bedrooms and 1 bathroom. The unit in the house is 2 bedroom and 1 bathroom. See the rental income per unit in financial information section of this mls listing. Tenants pay electric and natural gas. Units have their own laundry. Property is conveniently located in Uptown Butte. If you are looking for a turn-key income producing property you must check-out this one out.
#407436

Butte

315-321 N Washington

None Beds

None Baths

N/A

$725,000

MLS#: 407436

Comprised of six individual lots at just under one acre each, this 8.7-acre property in Park City, Montana offers exceptional versatility and opportunity. Whether you’re a builder, developer, or an individual buyer with a vision, the land provides a true blank canvas. Developers can thoughtfully design a residential project or create multiple homesites, taking advantage of the spacious layout and desirable location. For those dreaming of a private retreat, the acreage provides ample room for a custom home. With its flexible potential and open landscape, this property is ready to accommodate a wide range of uses, from investment to a personal dream build.
#405570

Park City

522 3rd Street SW

None Beds

None Baths

8.7 acres

$625,000

MLS#: 405570

1903 Mount Ellis Lane encompasses 119± acres in Bozeman’s highly sought after southeast corridor, offering a rare combination of scale, privacy, and proximity to town. The property includes an older farmhouse with a long term renter in place, providing flexibility and interim income while future plans are considered. Zoned Agricultural and Rural Residential, the land is free of covenants and conservation easements and borders state land with nearby Forest Service access. Gently expansive in feel, the property features perimeter fencing, a driveway already installed, pond has been excavated and electric pulled to the build site. Panoramic views stretch across surrounding farmland, the valley floor, and multiple mountain ranges, all just minutes from Bozeman. Locati Architects plans (including main home and shop) are available and negotiable with the sale, presenting a compelling opportunity to create a legacy estate or thoughtfully planned retreat in one of the area’s most desirable settings.
#407600

Bozeman

1903 Mount Ellis Lane

3 Beds

1 Baths

119.0 acres

$5,750,000

MLS#: 407600

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