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GREATER BOZEMAN

One of the most popular communities provided by Montana Sandbox

GREATER BOZEMAN

About GREATER BOZEMAN

Greater Bozeman, Montana real estate offers a unique blend of modern living and breathtaking natural beauty. Nestled in the heart of the Gallatin Valley, Bozeman is renowned for its vibrant downtown, excellent schools, and unparalleled access to outdoor recreation. From luxury mountain homes to charming downtown condos, the Bozeman area provides a diverse range of properties to suit every lifestyle.

Homebuyers are drawn to Greater Bozeman for its stunning mountain views, thriving arts and culture scene, and close proximity to destinations like Big Sky Resort, Yellowstone National Park, and Bridger Bowl. Whether you’re looking for a family-friendly neighborhood, a peaceful retreat, or a bustling community near Montana State University, Bozeman real estate has it all.

Investing in Bozeman real estate means enjoying a strong housing market, forward-thinking community planning, and easy access to world-class hiking, fishing, skiing, and more. Discover why so many people are searching for homes in Greater Bozeman, Montana and make your dream of Montana living a reality.

One of the most popular communities provided by Montana Sandbox

311

# of Listings

3

Avg # of Bedrooms

$882

Avg. $ / Sq.Ft.

$2,461,962

Med. List Price

Browse GREATER BOZEMAN Real Estate Listings

$250,000 - $500,000

Over $5M

36 Properties Found. Page 1 of 3.

New on site 3 days ago

#410800

Bozeman

2375 Mount Ellis Lane

5 Beds

5 Baths

6,286 Sq.Ft.

$5,750,000

MLS#: 410800

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.

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.

Bozeman

495 Moffit Gulch Road

None Beds

None Baths

N/A

$24,000,000

MLS#: 397752

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.

Bozeman

495 Moffit Gulch Road

None Beds

None Baths

1597.92 acres

$24,000,000

MLS#: 397891

Price reduced

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.

Bozeman

13830 (Tract A-D) Cottonwood Road

None Beds

None Baths

241.0 acres

$21,000,000

MLS#: 401887

The legacy of the West comes alive at A River’s Ranch. Spanning over 55 usable acres across both banks of the West Gallatin River, this is a once-in-a-generation Montana ranch—minutes from Bozeman, Yellowstone, and Big Sky, yet a world entirely its own. From the Spanish Peaks to the Bridger Mountains, the views are cinematic and the land limitless. At its heart stands the main estate—a custom five-bedroom, five-bath log home built with the craftsmanship and permanence this landscape demands. Designed for generations, this 6,612-square-foot retreat is as enduring as the river that runs through the property itself. Anchored by a soaring great room with a floor-to-ceiling river rock fireplace and windows overlooking the pastures, the home is warm, generous, and built for earned comfort. Golden hand-hewn logs set the tone throughout while wrought iron fixtures and granite countertops speak to craftsmanship and intention. The floor plan flows naturally into the open chef’s kitchen and dining area, a space designed for living, gathering, and staying a little longer than planned. Additionally for guests, a private one-bedroom, one-bath guest house offers a complete and comfortable retreat. Close enough for connection, separate enough for privacy. The entertainment center is a destination unto itself—centered on a welcoming fireplace and fully equipped with a bar, kitchenette, pool table, dual television spaces, and a dining table built for a crowd.
Outside, the property is equally equipped. An outdoor kitchen with a built-in smoker, multiple dining tables, and two generous fire pits create an al fresco entertaining space scaled for large gatherings and evenings that run long into the starlit night. For the horse enthusiast, the property is fully equipped and thoughtfully designed, with 21 horse bays, three fenced pastures with water access, a dry lot, and three round pens. A level riding area sets the stage for private training, rodeos, or recreational polo beneath an open Montana sky. On the water, a beautiful stretch of private West Gallatin River frontage delivers direct access to some of the finest blue-ribbon trout fishing in the region—no crowds, no competition, just the river and the rise. And to house everything this outdoor life demands, there is a substantial garage equipped for storage of gear and vehicles. A River's Ranch sits at the center of one of Montana's most enviable lifestyles.

Gallatin Gateway

1021 Gateway South Road

6 Beds

5 Baths

6,612 Sq.Ft.

$15,400,000

MLS#: 408815

The legacy of the West comes alive at A River’s Ranch. Spanning over 55 usable acres across both banks of the West Gallatin River, this is a once-in-a-generation Montana ranch—minutes from Bozeman, Yellowstone, and Big Sky, yet a world entirely its own. From the Spanish Peaks to the Bridger Mountains, the views are cinematic and the land limitless. At its heart stands the main estate—a custom five-bedroom, five-bath log home built with the craftsmanship and permanence this landscape demands. Designed for generations, this 6,612-square-foot retreat is as enduring as the river that runs through the property itself. Anchored by a soaring great room with a floor-to-ceiling river rock fireplace and windows overlooking the pastures, the home is warm, generous, and built for earned comfort. Golden hand-hewn logs set the tone throughout while wrought iron fixtures and granite countertops speak to craftsmanship and intention. The floor plan flows naturally into the open chef’s kitchen and dining area, a space designed for living, gathering, and staying a little longer than planned. Additionally for guests, a private one-bedroom, one-bath guest house offers a complete and comfortable retreat. Close enough for connection, separate enough for privacy. The entertainment center is a destination unto itself—centered on a welcoming fireplace and fully equipped with a bar, kitchenette, pool table, dual television spaces, and a dining table built for a crowd. Outside, the property is equally equipped. An outdoor kitchen with a built-in smoker, multiple dining tables, and two generous fire pits create an al fresco entertaining space scaled for large gatherings and evenings that run long into the starlit night. For the horse enthusiast, the property is fully equipped and thoughtfully designed, with 21 horse bays, three fenced pastures with water access, a dry lot, and three round pens. A level riding area sets the stage for private training, rodeos, or recreational polo beneath an open Montana sky. On the water, a beautiful stretch of private West Gallatin River frontage delivers direct access to some of the finest blue-ribbon trout fishing in the region—no crowds, no competition, just the river and the rise. And to house everything this outdoor life demands, there is a substantial garage equipped for storage of gear and vehicles. A River's Ranch sits at the center of one of Montana's most enviable lifestyles.

Gallatin Gateway

1021 Gateway South Road

6 Beds

4 Baths

6,612 Sq.Ft.

$15,400,000

MLS#: 409799

This exceptional 36.375-acre estate blends modern luxury with Montana’s breathtaking landscape, just over 4 miles from downtown Bozeman. The newly remodeled 9,787 sq. ft. residence, originally built in 1989 and transformed in 2022 by NVS Architects and Villa Homes, features seven bedrooms, four and a half bathrooms, and sophisticated, thoughtful design throughout. Expansive living spaces include a state-of-the-art kitchen, theater room, gym, bonus room, dedicated dog room with outdoor access and a stunning outdoor area with a covered patio, outdoor kitchen, firepit, and astroturf dog run. The main level is anchored by a vaulted great room with expansive windows framing mountain views, a gas fireplace, and a Restoration Hardware chandelier. The kitchen is a showpiece, outfitted with high-end BlueStar appliances, a large island, and a hidden prep kitchen with Miele and True appliances—perfect for seamless entertaining. The stunning main level primary suite includes spa bath, dual walk-in closets and a private office with covered patio. The lower level offers four bedrooms, two bathrooms, a large family room with a gas fireplace, and walk-out access to a private patio and playground, creating an ideal space for guests or multigenerational living. The upper level of the home features a large media room with wet bar, two bedrooms, ¾ bath and bonus room. Designed for year-round enjoyment, the outdoor areas seamlessly combine beauty and function. A warm mahogany deck provides a front-row seat to the mountains, while radiant heat in the surrounding tile ensures snow-free patios and walkways in winter. A 1.25-acre pond, greenhouse, heated driveways, a whole-home generator, and three gated entries with paved driveways enhance comfort and security. The 10,400 sq. ft. shop and showroom—fully redesigned in 2022—is a dream space for collectors, hobbyists, or business use. The shop features five car lifts, two gas heaters, and a dedicated workroom with a powder bath. The adjoining showroom offers an epoxy-finished floor, three stylish offices, a kitchenette, and an additional powder bath—ideal for professional operations, meetings, or displaying prized collections. With direct access to National Forest and the M Trailhead, this rare property offers the ultimate Montana lifestyle—private, convenient, and built for both adventure and elegance.

Bozeman

354 Brass Lantern Court

7 Beds

2 Baths

9,787 Sq.Ft.

$14,900,000

MLS#: 402064

This fully leased office investment opportunity offers a unique opportunity to acquire a solid investment supported by leases with the State of Montana and MeatEater.

In total, the ±34,210 square foot property sits on ±1.95 acres. The first section, 9,184sf, was built in 1999 and is two (2) stories with an elevator. In 2012, a 25,120sf addition was built consisting of three (3) stories. Both of the buildings have their own elevator for exclusive use.

Bozeman

77 Discovery Drive

None Beds

None Baths

34,304 Sq.Ft.

$12,100,000

MLS#: 384823

12 Penny Lane — Gallatin Gateway, Montana
Net Leased Showroom & Fabrication Facility
Single Tenant | Purpose Built | Resort Market Exposure
Offered at $10,959,000.
7.25% Cap Rate
Executive Overview
12 Penny Lane offers investors the opportunity to acquire a fully leased, mission critical commercial facility serving Montana’s premier luxury residential construction markets, including Big Sky, Yellowstone Club, Spanish Peaks, and Moonlight Basin. The property is 100% leased to Earth Elements LLC under a newly structured modified NNN lease that delivers durable income, minimal landlord responsibilities, and built in annual rent growth.
Originally purpose built in 2017 with over $4 million in specialized improvements, the facility functions as a destination showroom, fabrication hub, and corporate headquarters. The building’s highly customized nature significantly reduces tenant relocation risk and provides strong long term income security.
Investment Highlights
• 100% Occupied, Single Tenant Asset
New arm’s length lease with established operating tenant
• Strong In Place Cash Flow
Net Operating Income of approximately $900,231
• Modified NNN Lease Structure
Flat $3.00/SF expense recovery with no annual reconciliation
• Annual Rent Growth
3% annual escalations on base rent
• Purpose Built, Non Commodity Real Estate
Irreplaceable showroom and fabrication infrastructure
• High Barrier Resort Market Location
Limited competing inventory for comparable uses
• Replacement Cost Support
Insured building replacement value of $7.29M (exclusive of land)
Property Description
Address: 12 Penny Lane, Gallatin Gateway, MT 59730
Property Type: Commercial — Showroom / Fabrication / Warehouse
Total Rentable Area: 38,563 SF (inside wall measurement)
• Office / Showroom: 14,344 SF
• Warehouse / Fabrication: 24,219 SF
The property features a custom architectural façade, extensive glass storefront exposure, and seven fully built out showroom departments serving architects, designers, and high net worth clientele. The rear fabrication area includes advanced CNC machinery, water jet cutting, overhead crane systems, and loading dock access—creating a vertically integrated operational environment.

Gallatin Gateway

12 Penny Lane Lane

None Beds

None Baths

38,563 Sq.Ft.

$10,959,000

MLS#: 409921

#409003

Bozeman

1221 Green Valley Way

4 Beds

3 Baths

8,156 Sq.Ft.

$10,950,000

MLS#: 409003

Commercial Income Property with Development Upside
Located less than one mile south of the Four Corners intersection along the west side of US Highway 191, this 33,400-square-foot commercial property offers stabilized income, long-term tenancy, and meaningful upside through future development. The property consists of five condominium units situated on 2.777 acres across two parcels—one improved and one vacant—providing a rare combination of current cash flow and entitled expansion potential in one of Bozeman’s strongest commercial corridors.
The asset features approximately 337 feet of frontage on US-191 South, a high-traffic arterial serving Bozeman and the Gallatin Valley. The surrounding market is characterized by sub-3% commercial vacancy, reinforcing the property’s strong leasing fundamentals and long-term demand.
Property Overview
• Address: 81211 & 81213 Gallatin Road, Bozeman, MT 59718
• Property Type: Commercial — Retail, Showroom & Warehouse
• Total Building Size: 33,400 SF (five condo units)
• Land Area: 2.777 acres (two parcels)
• Frontage: 337 feet on US Highway 191 South
• Occupancy: 100% leased

Development Upside
The second parcel is entitled for an additional 11,518-square-foot building, offering immediate development potential along highly visible US-191 frontage. The site is currently vacant and development-ready, subject to verification of current permits and entitlements.

Cap Rate 7.25% Building & 11,518 SqFt Development parcel.

Bozeman

81211/ 13 Gallatin Road

None Beds

None Baths

33,400 Sq.Ft.

$10,518,000

MLS#: 409918

Well-finished, ±29,724 square foot office building situated on ±3.03 acres at the southern edge of Bozeman. The property is located within Bozeman’s Opportunity Zone, just south of Montana State University. Built in 2000, the building can easily be adapted into a multi-tenant building, though it is currently fully leased to tenants Inhealth Life Sciences, Bozeman Health, and Proper Insurance. Proper Insurance has already committed to taking the Bozeman Health Space in April when they vacate. The building's layout is based on a central core of restrooms, mechanical, elevator, and a stairwell with offices branching north and south, creating four leasable areas around ±7,000 square feet each. The property is nicely landscaped, with ample parking on site.

Bozeman

40 Enterprise Boulevard

None Beds

None Baths

29,724 Sq.Ft.

$10,500,000

MLS#: 384848

Rare find of acreage in one of the counties fastest growing corridors. 20 acre parcel with services to the lot and a plethora of possible uses. Access is paved, established business adjacent and development of the area in its prime. Call today for all pertinent details!

Bozeman

TBD Freemont Street

None Beds

None Baths

20.0 acres

$10,000,000

MLS#: 407041

Welcome to Incognito Ranch, where elevated luxury pairs seamlessly with the rustic soul of a Montana ranch. This spectacular 4-bedroom lodge-style residence spans 8,524 SF, accompanied by a 1,172 SF attached art studio/guest apartment, all set on 29.99 acres of pure serenity overlooking the iconic Bridger Mountains.

Recently refreshed throughout, the home feels both timeless and new. The grand, light-filled entry sets the tone, warm, inviting, and dramatic. The main-floor primary suite lives like a private retreat, featuring a spa-inspired bath with a copper soaking tub, an elegant custom closet, sitting area with wood-burning stone fireplace, covered balcony, and unobstructed mountain views.

The main level continues with two additional bedrooms connected by a jack-and-jill bath, a stately Great Room with floor-to-ceiling windows, a beautifully appointed kitchen with walk-in pantry and temp-controlled wine room, and a dream laundry/mudroom with dual washers/dryers, lockers, and powder bath.

The upper floor hosts another bedroom, full bath, and cozy library/TV room. The lower level offers a spacious family/game room with kitchenette, 3/4 bath with sauna, home gym, and generous bunk room opening to a screened porch, perfect for guests or large gatherings.

Beyond the home itself, the garage spaces elevate the property to a new level. In addition to the 4-car heated garage, a 2,100 SF shop was added with an 800 SF art studio above. With 3,600 SF of heated garage space total, this is a paradise for car collectors and recreation enthusiasts: epoxy floors, LevRack system, auto lift, workshop with sink and laundry, and pull-through bays. The art studio, private yet connected, was designed for creativity, solitude, and inspiration.

Step outside and Montana takes over. Bask in sweeping views of the Bangtail and Bridger ranges. Cast a line in your stocked pond from the private dock. Explore your own hiking, snowshoeing, and ATV trails.

Horse lovers will appreciate two pastures, a 5+ stall barn with tack room and wash rack, hay barn, two turnout paddocks with year-round auto waterers, and a 100x200 outdoor arena with specialized footing. A nearby guest/caretaker cabin and separate guest bath enhance the ranch experience.

Incognito Ranch is a rare blend of luxury, privacy, recreation, and breathtaking mountain beauty. A true sanctuary and an opportunity not to be missed.

Bozeman

4800 Meadow Lane

4 Beds

3 Baths

9,696 Sq.Ft.

$9,200,000

MLS#: 406951

1 2 3

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