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An equestrian enthusiast’s dream, this extraordinary 146± acre estate pairs exceptional horse facilities, expansive private riding access, and luxury living just 15 minutes from downtown Bozeman. Set within North Pass Ranches, Bozeman’s premier gated ranch community, the property features a heated 14,560± square foot equestrian oasis and indoor riding arena (125x75) with five stalls, two foaling stalls, tack room, bathroom, kitchen, and generous equipment storage. Brand-new fencing defines multiple pastures, while direct access to more than nine miles of private riding and hiking trails extends throughout North Pass Ranches and into adjoining State of Montana land.

Beyond its equestrian amenities, the estate holds one of the most coveted positions within North Pass Ranches. Originally selected as the ranch founder’s location, the property encompasses 146± acres along a commanding ridgeline with panoramic views of the Gallatin, Madison, Tobacco Root, and Absaroka-Beartooth ranges, along with sweeping views across the Bozeman Valley.

At the heart of the estate is a beautifully updated 8,000± square foot main residence showcasing exceptional craftsmanship and high-end finishes throughout. Designed for effortless main-level living, the home features two primary suites, an additional en suite guest room, and an elevator. Soaring ceilings up to 31 feet, reclaimed oak beams, leathered quartzite countertops, custom lighting, and designer finishes create a refined mountain aesthetic. Downstairs, a generous media room, dedicated theater, and additional en suite guest room provide exceptional space for entertaining and hosting family and friends.

A separate 3,000± square foot guest residence offers four bedrooms, three bathrooms, and an attached two-car garage, providing exceptional accommodations for extended family, guests, or on-site staff.

Ownership within North Pass Ranches provides access to miles of private trails, stocked fishing ponds, a full-time on-site ranch manager, and shared amenities designed for recreation, gathering, and quiet enjoyment of the landscape. Wildlife is abundant, with moose, elk, deer, and bear regularly moving through the surrounding acreage.

Few properties offer this combination of substantial acreage, established equestrian infrastructure, private trail access, luxury accommodations, commanding mountain views, and proximity to downtown Bozeman.
#409003

Bozeman

1221 Green Valley Way

4 Beds

3 Baths

8,156 Sq.Ft.

$10,950,000

MLS#: 409003

Imagine starting every morning with the gentle sound of the Gallatin River flowing just beyond your window. Eagles soar overhead, elk wander nearby, and the surrounding mountains glow with the first light of day. This is a chance of a lifetime to own a piece of the last best place in Montana! Gallatin River Homestead in Big Sky is nestled along the tranquil banks of the Gallatin River. This 12.44± acre property offers unparalleled opportunities unlike any other. With over a quarter mile of pristine riverfront at your doorstep, indulge in world-class trout fishing right from your backyard. Bordered by expansive National Forest lands to the south and perfectly suited for the equestrian lifestyle, this exceptional retreat offers sweeping mountain views, unmatched privacy, and a peaceful sense of seclusion. Despite its secluded setting, convenience is never compromised. Just a few minutes' drive away, Big Sky Town Center offers a host of amenities, including shopping, dining, and entertainment, ensuring the perfect balance of a wilderness escape and modern comfort. Another 10 minutes up the road awaits the “Biggest Skiing in America”, Big Sky Resort. Set upon 12.44± acres are three separate, contiguous deeded parcels. Two of the parcels are already improved with residences, while the additional five-acre undeveloped parcel offers exceptional flexibility to build on, preserve open space for added privacy, or retain it as a valuable long-term investment. Designed for gathering and making memories, this unique property includes two beautifully appointed homes. The stunning 3,698-square-foot custom log residence features three bedrooms and three-and-a-half baths, while the detached 2,886-square-foot guesthouse offers three bedrooms, a large bunkroom downstairs, and three baths, perfect for hosting family and friends or creating a private retreat. Every season tells a different story here. Winter brings unforgettable days on the slopes of Big Sky Resort; spring awakens the Gallatin River with world-class fly fishing; summer invites endless exploration through Yellowstone and the adjacent National Forest; and autumn paints the mountains in brilliant color. No matter the time of year, this extraordinary property serves as your private gateway to the very best of Montana's outdoor lifestyle.
#412131

Big Sky

42530 Gallatin Road

3 Beds

1 Baths

3,697 Sq.Ft.

$10,900,000

MLS#: 412131

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.
#384848

Bozeman

40 Enterprise Boulevard

None Beds

None Baths

29,724 Sq.Ft.

$10,500,000

MLS#: 384848

Yellowstone Montana Legacy Estate on 20 acres
168 Charlie Russell is an exquisite artisan-crafted, hand-hewn log estate built and designed to endure the test of time—an offering reserved for those who value privacy, provenance, quality and legacy. Set within the gated enclave of Big EZ Estates this is a rare opportunity to acquire a true Montana home with the ability to obtain a Golf or Ski/Social membership at Spanish Peaks Mountain Club, but it is NOT required. Ability to build a guest home, remarkable privacy, and immediate proximity to the world-class amenities of Big Sky, this property embodies the very essence of the Yellowstone, Big Sky lifestyle. Timeless, irreplaceable, and uncompromising—this is not simply a residence, but a legacy to be stewarded for generations. Fully furnished and turnkey.


Designed for both grand entertaining and intimate retreat, the home features 5 bedrooms, 5 full baths, and 2 powder rooms, complemented by 6 interior fireplaces, outdoor deck fireplace, landscaped fire pit, and a new hot tub for four-season enjoyment. 2 private primary suites—each with its own fireplace, outdoor access, and individual climate control—offer luxury comfort and exceptional privacy for owners and guests alike. A charming timber-frame bunk room with en-suite bath adds warmth and character for family gatherings. At 7,434± square feet with wraparound decks and landscaped patios the home captures sweeping, cinematic views of Yellowstone National Park and the Spanish Peaks—where sunrises, moonrises, and alpenglow sunsets become part of daily life.

The main level unfolds with soaring timber ceilings and dramatic floor-to-ceiling stone fireplace with incredible lighting, expansive living and dining spaces, a gourmet kitchen outfitted with premium appliances and generous prep areas—ideal for entertaining. An executive office with private deck access sits just off the great room and primary suite, blending productivity with inspiration. The primary suite itself is a sanctuary, featuring a fireplace, spa-like bath, walk-in closet, adjacent executive office and private deck overlooking the peaks.

The lower level is dedicated to recreation and relaxation, offering a spacious family room, wet bar, pool table, additional fireplace, workout room and seamless access to outdoor living—where the hot tub and fire pit invite evenings under Montana’s vast sky. A wrap-around deck, multiple patios,and tranquil mountain vistas complete the experience.
#407313

Big Sky

168 Charlie Russell Loop

5 Beds

6 Baths

7,434 Sq.Ft.

$10,499,000

MLS#: 407313

Don't miss this investment opportunity! Built in 2018, this 29-unit multi-family property features 9 buildings on 4 parcels. Ownership completed a round of property improvements in 2026, leaving the property in excellent condition and ready for its next investor. Strong long-term rental history with low turnover. Two floor plans and building types: 22 units are 3-bedroom / 2.5-bath with 2-car garages, and 7 units are 2-bedroom / 1-bath with 2-car garages. Located adjacent to Taylor Park, giving tenants added amenities including walking trails, sports fields, and playgrounds. A well-maintained property with minimal deferred maintenance, creating a turn-key investment. Multiple parcels allow for future flexibility.
#413687

Manhattan

13 & 14 Moreland Court 101-102,301-305,701-904

None Beds

None Baths

N/A

$10,250,000

MLS#: 413687

Embrace Montana’s wild beauty this winter with this fully furnished One&Only Moonlight Basin Private Home, a luxurious retreat crafted to harmonize with nature’s beauty. This five-bedroom, 3,670-square-foot residence merges contemporary elegance with rugged mountain charm, seamlessly integrating with the breathtaking surroundings of Big Sky’s wilderness and iconic peaks. Floor-to-ceiling windows invite expansive views of the snow-capped mountains, filling the home with natural light and a deep sense of tranquility. Impeccable finishes, lovely furnishings and art throughout, cozy fireplaces, and stunning outdoor spaces make this a sanctuary of both sophistication and comfort—a perfect retreat for family gatherings or intimate escapes.
Ownership here extends beyond the home, offering privileged access to exclusive amenities through Moonlight Basin Club and One&Only Moonlight Basin. Experience world-class skiing with ease through your private ski locker and direct Gondola access from One&Only Sky Lodge and Big Sky’s Madison Village, a private Jack Nicklaus Signature Golf Course, and miles of hiking/biking/Nordic trails that wind through the breathtaking terrain. Delight in lakefront activities, from paddleboarding and canoeing to serene fly fishing. In winter, enjoy snowshoeing, cross-country skiing, and convenient access to the world class skiing at Big Sky Resort, while year-round, the One&Only spa and wellness offerings ensure rejuvenation and relaxation. With exclusive dining experiences, concierge services, and an array of thoughtfully curated adventures, this private home is more than a residence—it’s an invitation to experience the best of Montana’s unparalleled luxury and adventure.
#398061

Big Sky

#33 One&Only Private Home, 14 Boone Trail

5 Beds

1 Baths

3,670 Sq.Ft.

$10,240,000

MLS#: 398061

Gardiner Montana riverfront property. Overlooking the iconic Yellowstone River on 5.5 pristine acres, this exceptional property combines comfortable lodging, a sought-after event venue, and Montana's breathtaking natural beauty into one remarkable offering. With a proven history of successful bookings and a loyal base of returning guests, this is far more than real estate—it's an established hospitality business.
Rare opportunity to acquire a fully operating, turnkey vacation rental and wedding/event venue at the gateway to Yellowstone National Park's North Entrance. TWO large lodges and a commercial event venue combine an established short-term rental business with exceptional riverfront real estate. Offering immediate income potential in one of Montana's premier tourism destinations, the centerpiece is a timber-frame event barn completed in 2022, designed to host 100–150 guests and featuring a commercial kitchen, picture windows, loft, and patio. The riverside covered ceremony space and expansive patio showcase sweeping views extending into Yellowstone National Park, creating an unforgettable backdrop for weddings and events.

Two custom log homes provide 12 bedrooms and 7 bathrooms, comfortably sleeping 36 guests, with flexible rental options for one lodge, both lodges, or the entire property. The current owners have carefully curated this legacy property for decades. The main lodge tells a unique Montana story: in the early 1990s, the owner used his horse team, Duke and Dan, to harvest the massive logs from the hills across the river and hand-hewn them into the lodge. Today, those logs carry the rich patina only time can create.

The property hosts weddings, retreats, corporate gatherings, family reunions, and private events, creating multiple income streams. Guests enjoy Yellowstone National Park just minutes away, along with world-class fishing, floating, hiking, and wildlife viewing. Yellowstone Hot Springs is only 4 miles away, while Chico Hot Springs, Sage Lodge, and fine dining are within 30 minutes.
With no covenants, direct river frontage, established income, and hospitality infrastructure already in place, this is a unique investment opportunity in one of Montana's most iconic destinations. Whether you're seeking a strong-performing investment, premier event venue, destination retreat center, or legacy property, this Yellowstone River retreat delivers. Showings will need to work around booked guests. Please watch the video!
#411846

Gardiner

1035 and 1037 US Highway 89 South S

6 Beds

None Baths

9,236 Sq.Ft.

$10,000,000

MLS#: 411846

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!
#407041

Bozeman

TBD Freemont Street

None Beds

None Baths

20.0 acres

$10,000,000

MLS#: 407041

Set in the heart of Moonlight West, the Iron Drive Cabins offer a rare opportunity to own one of the community’s first built-home residences. Designed by Reid Smith Architects, this limited collection of ten contemporary homes reflects the architectural character of Moonlight West while embracing immersive mountain living. Positioned alongside The Reserve golf course, the cabins enjoy direct access to current and future golf amenities, as well as close proximity to the planned fitness facility and outdoor tennis and pickleball courts.

Owners benefit from an adjacent trail system connecting seamlessly to the broader Moonlight West network, ideal for hiking, mountain biking, snowshoeing, and cross-country skiing. Each residence includes a dedicated ski locker at the new Clubhouse, which is currently in the design phase by CLB Architects. Planned Clubhouse amenities include a restaurant and bar, sports bar and private dining room, separate ski and golf locker rooms, pro shop, golf simulators, and panoramic views of Lone Peak, Fan Mountain, and the Spanish Peaks.

Membership in Moonlight Club is available with each Iron Drive Cabin and is required with purchase, offering access to a growing collection of world-class amenities. Thoughtfully sited in a dynamic, recreation-focused setting, the Iron Drive Cabins present a compelling blend of modern convenience, connection, and mountain lifestyle.
#408320

Big Sky

TBD Iron Drive 10

4 Beds

4 Baths

4,346 Sq.Ft.

$10,000,000

MLS#: 408320

Welcome to Bangtail Creek Ranch, where your dream recreation retreat awaits in the heart of the Bangtail Mountains of Montana. This property
comprises 1,301± deeded acres of pristine land contiguous to thousands of acres of Gallatin National Forest, conveniently located near
Livingston, Bozeman, the Yellowstone River, Yellowstone National Park, and Big Sky. Bangtail Creek Ranch boasts magnificent views in every
direction of the Crazy Mountains, Bangtail Ridge, and the Chief Mountain plateau, with magnificent south/southwest views. Elk, deer, moose,
black bear, and other wildlife roam through the sage-filled property. Bangtail Creek Ranch is improved and ready to build with newly constructed
roads and electricity. This is the ideal location to build your dream home in Montana, as you can enjoy the seclusion of your private property with
the benefit and convenience of nearby amenities. Bridger Bowl Ski Area and Big Sky Resort are a short drive. This unique property presents a
rare opportunity to live in one of the most desirable areas of Montana.
#411622

Livingston

TBD Willow Creek N Fork Road

None Beds

None Baths

1301.5 acres

$9,995,000

MLS#: 411622

Big 5 Ranch is in Livingston, Montana, a distinguished western town noted for its hospitality, scenic beauty, and vibrant community committed to preserving the unique character of the region. With a population of approximately 9,000, Livingston serves as the original gateway to Yellowstone National Park. Big 5 Ranch is ideal for a family, corporate or hunting retreat and is minutes from downtown Livingston. 

The ranch spans 514 acres of timbered hillsides and grasslands, affording significant privacy while remaining within convenient reach of both downtown Livingston and Bozeman. Big 5 Ranch sustains a resident elk herd, whose numbers fluctuate but consistently benefit from the property's high-quality habitat, refuge, and forage, supporting both elk and deer populations. In addition, moose and other large wildlife species typical of the greater Yellowstone ecosystem are routinely observed on site. An extensive trail system offers numerous opportunities to observe and appreciate the diverse wildlife present throughout Big 5 Ranch.

Inspired by Montana’s historic homesteads, the ranch residence was designed to look like an established cabin that was expanded. There are intimate spaces within each room, so it does not feel too grand, keeping a cozy feeling throughout. The house blends into its hillside setting and is well-suited for two as it is for 10. Its aged look is paired with contemporary touches like black steel accents, angled columns, and sleek windows that frame landscape views. Reclaimed wood logs, granary timber, Douglas fir beams, Montana moss stone, and a metal roof all evoke a historic feel. No sheetrock was used; instead, reclaimed timber, hand applied plaster, and shiplap ensure comfort and style across. Modern elements like handmade tiles, French oak hardwoods add artistic flair, while rustic finishes reinforce the home's Western appeal. 

Big 5 feels extremely remote yet is accessible to world class amenities throughout this part of southwestern Montana.  This is an exceptional Montana lifestyle opportunity for outdoor enthusiasts with its expansive landscape, excellent location and combination of dramatic natural beauty, robust wildlife populations, and architectural brilliance.
#405428

Livingston

107 Eldridge Creek Trail

4 Beds

2 Baths

4,585 Sq.Ft.

$9,975,000

MLS#: 405428

One of a kind opportunity to acquire 2 parcels (40 acres), in a small exclusive gated community, in the most central location of Moonlight Basin. Parcels of this size will never again be available. This property, set just minutes into Moonlight Basin, is perfectly located between One&Only, Madison Base, LakeLodge and the new Moonlight West area. Its expansive footprint ensures complete privacy while offering seamless access to Moonlight Basin’s renowned skiing, golf, hiking, and exclusive amenities. This rare property is perfectly located to capture breathtaking views of Lone Peak, Fan Mountain and the surrounding wilderness. Set among mature pine and aspen groves, the property offers a pristine and secluded canvas for a custom residence or generational retreat in the heart of Moonlight Basin.
#406472

Big Sky

tbd Ulery's Lakes Road - Lot 12A + 13A

None Beds

None Baths

40.0 acres

$9,950,000

MLS#: 406472

Presented to the market for the first time, this is the rare convergence of architectural mastery, absolute privacy and a setting so breathtaking it must be experienced to be believed. A true legacy estate set on 31+ acres at the top of Bridger Canyon, panoramic views of multiple mountain ranges and the sweeping valley below form a backdrop that cannot be replicated. An expansive outdoor patio extends the living space, offering a vantage point for that privacy and those views in every season. The main residence offers 3 bedrooms and 3.5 baths across 5,270 sq ft, built to a standard of craftsmanship that is the work of Matthew Beardsley as architect/contractor, with open timber framing by Timberworks of Gallatin Gateway, fir beams, doors and detailing throughout, and custom wrought iron fixtures throughout the main house and guest house by acclaimed blacksmith Bill Moore. The price includes all furniture, artwork and furnishings currently in the house (with few exceptions), including specialty pieces: glassware by Simon Pearce, dishware by Grand Canyon China, and flatware by Lisa Jenks. The kitchen is appointed for serious entertaining: a Wolf 60" range, Wolf wall oven, Sub-Zero freezer drawers, Fisher & Paykel dishwashers, dual beverage fridges, a wine fridge, commercial hood, and a custom banquette — each detail considered. Whole-home systems include central vacuum, in-floor radiant heat, a roof melt system, and AV/alarm infrastructure. Throughout, art lighting illuminates' walls designed for display, complemented by indirect up-lighting that lends a quiet glow to every room. Floor-to-ceiling windows frame the mountains and valley from every direction, making the landscape a constant presence indoors. Warmth follows the same generosity, with custom stone and masonry wood-burning fireplaces in the main residence, guest house and on outdoor patio. Positioned above the generously sized 3-car garage — which includes a separate space suited for a shop — the guest residence offers 2 bedrooms and 2.5 baths across 1,980 sq ft, outfitted with Wolf appliances, central AC, and offering the same elevated standard as the main home. A custom shuffleboard table anchors a separate space built for games & group fun. Properties of this caliber — privately held, impeccably built, and set against Montana's most coveted panoramas — rarely come to market, making this one of the finest offerings in the state.
#412015

Bozeman

2355 Three Bears Road

3 Beds

1 Baths

5,270 Sq.Ft.

$9,950,000

MLS#: 412015

Breathtaking views of the Rocky Mountain Front and Glacier National Park provide a stunning backdrop to this exceptional 2,541-acre ranch located just four miles northwest of the charming farm town of Choteau in north central Montana. This well-maintained property seamlessly blends agricultural productivity with recreational opportunities, featuring a comfortable home and a complete set of barns, shops, and outbuildings that support both ranching operations and country living.  The ranch showcases remarkable diversity across its landscape, encompassing irrigated cropland served by 633 acres of irrigation systems, including pivot and wheel-line equipment, sub-irrigated meadows, native grassland, and lush wetlands. Riparian creek bottoms follow Baker Spring Creek.  Springs throughout the area create exceptional habitat for game birds, waterfowl, and whitetail deer.  This property presents an outstanding opportunity for agricultural operations, recreational pursuits, or conservation-minded ownership in one of Montana’s most scenic agricultural regions.
#403602

Choteau

TBD 89 Highway

3 Beds

2 Baths

4,481 Sq.Ft.

$9,900,000

MLS#: 403602

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 7.74% Building & 11,518 SqFt Development parcel.
#409918

Bozeman

81211/ 13 Gallatin Road

None Beds

None Baths

33,400 Sq.Ft.

$9,900,000

MLS#: 409918

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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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