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Ranches like this are rarely sold — they're handed down. Just north of Wilsall with the Crazy Mountains front and center, Meadow Creek 320 Ranch is the real thing: native grass pasture, cross-fenced into multiple pastures for cattle and horses, senior water rights and views that must be experienced in person to fully understand. A gated two-track leads to an authentic 2,700 sf cabin with three beds, two baths and anchored by a floor-to-ceiling stone fireplace and a timber-frame loft. No covenants, no zoning. Shields River Road is paved and county-maintained, so access is easy in every season — an hour to Bozeman through Bridger Canyon, an hour to Livingston down the Shields Valley. It all starts with the water: Multiple springs throughout the property and Meadow Creek is diverted by headgates into the historic Becker Ditch, which carries water across the ranch through a system of laterals. Six active DNRC water rights are tied to the property, headlined by a senior Meadow Creek irrigation right with a May 10, 1890 priority date — backed by an 1898 Meadow Creek right, two 1907 spring rights for irrigation and stock, a 1973 Meadow Creek right and a domestic well at 25 gpm. Seller's interest in the water rights conveys. In Montana, first in time is first in right and an 1890 priority is hard to come by. Native grasses laced with wildflowers, aspen groves that turn gold in September and lush meadows irrigated into the fall. The elk are already here — they work this ground in numbers, with moose, deer and antelope regular company. Upland birds hold in the cover, sandhill cranes work the meadows and hawks and eagles ride the thermals over the creek bottom. Beyond the fence line, the Shields River is minutes away, blue-ribbon trout water on the Yellowstone runs through Paradise Valley, and National Forest trailheads climb into the Crazy Mountains to the east, the Bridgers and Bangtails to the west and the Absarokas to the south. The Crazy Mountains rise straight off the valley floor with nothing in between - they have to be seen in person to be fully understood. This is Montana as it was meant to be. *Property and water rights information deemed reliable but not guaranteed. Buyer to verify all acreage, boundaries and water rights with Montana DNRC and qualified counsel. Additional dwellings subject to Montana DEQ approval; buyer to verify water availability for expanded use. Broker makes no warranty. Interior photos are virtually staged.
#413554

Wilsall

1607 Shields River Road

3 Beds

None Baths

2,736 Sq.Ft.

$6,500,000

MLS#: 413554

Lot 2 in White Wolf Knob in Moonlight West offers a rare opportunity to build a single-family residence in an intimate enclave of just seven homesites. Thoughtfully positioned to preserve sweeping views and embrace the land’s natural contours, this lot provides a perfect blend of privacy and connectivity. Located above The Reserve’s Clubhouse and alongside the fifth hole, the property enjoys easy access to Moonlight Basin’s golf, trails, and year-round recreation. A ski locker at the future Clubhouse is included, and future amenities including a new fitness center and outdoor sports courts — will be only moments away. Membership in the Moonlight Club is required with purchase and subject to approval.
#404960

Big Sky

TBD White Wolf Trail Lot 2

None Beds

None Baths

1.31 acres

$6,500,000

MLS#: 404960

Prime Commercial Development Opportunity at South Range Crossing – 19th & Graf, Bozeman Unlock the potential of South Bozeman with this exceptional commercial land offering at the high-traffic intersection of 19th Avenue and Graf Street. Strategically located along the bustling 19th Street corridor, this signalized corner site boasts direct access and excellent visibility—ideal for high-exposure businesses. Delivered development-ready, this parcel allows for immediate construction, streamlining your project timeline. The flexible B-2M zoning supports a wide range of commercial uses, making it a prime location for a grocery store, retail center, or mixed-use development. Surrounded by one of Bozeman’s fastest-growing residential areas and just minutes from Montana State University, this site offers strong consumer demand, dense traffic patterns, and a central location within the rapidly growing demand in South Bozeman. Don’t miss this rare opportunity to secure a shovel ready site in one of Bozeman’s most desirable and dynamic growth corridors.
#406598

Bozeman

tbd 19th Avenue S

None Beds

None Baths

6.84 acres

$6,500,000

MLS#: 406598

GOLF MEMBERSHIP IMMEDIATELY AVAILABLE! Experience the ultimate mountain lifestyle in this beautifully appointed 5-bedroom, 5-bathroom retreat located in the heart of Spanish Peaks Mountain Club. This move-in-ready residence offers effortless ski-in/ski-out access with a ski trail just across the street leading directly to the Highlands Chairlift — making first tracks a part of your daily routine. Furnished by a talented local designer, every room showcases tasteful mountain-modern décor and thoughtful finishes. The open-concept kitchen, dining, and living area is flooded with natural light from abundant windows, while the lower-level family room—with a wet bar—offers the perfect setting for après-ski relaxation or entertaining. Multiple outdoor decks and a private hot tub area invite you to take in the surrounding views in every season. Ownership includes access to the exclusive amenities of Spanish Peaks Mountain Club: private ski and hiking trails, two world-class golf courses (with golf membership), tennis and pickleball courts, state-of-the-art fitness centers, swimming pools, and elevated dining at the Clubhouse. Members also enjoy preferred access to the five-star services of Montage Big Sky. Looking ahead, the soon-to-open Aspire Lodge — a 28,000-square-foot amenity center featuring a restaurant, fitness facility, basketball court, climbing wall, and two outdoor pools — will be just a short stroll from your front door, with completion anticipated in 2026. Membership at Spanish Peaks Mountain Club is required upon closing. This is your chance to own a fully furnished, turn-key mountain sanctuary with unmatched access to recreation, relaxation, and luxury.
#404542

Big Sky

538 Outlook Trail

5 Beds

5 Baths

4,210 Sq.Ft.

$6,499,000

MLS#: 404542

19 White Grass is a sun-filled, ski in/ski out mountain residence completed in January 2023, offering a rare blend of modern luxury, energy efficiency, and thoughtful design in a cul-de-sac location. This home features one of the very few Big Sky properties with an automated oxygenated bedroom, allowing rapid acclimation to high altitude. Positioned to capture sweeping views of Lone Peak, Andesite and the Gallatin Range, this five-bedroom, five-and-a-half-bath home spans 5,052 square feet and is designed for effortless year-round living in Big Sky. Expansive windows, covered decks, and multiple outdoor gathering spaces invite you to take in the scenery in every season. Built for comfort and durability, the home features geothermal heating and cooling, radiant floor heat, humidification, central air conditioning, and a cold roof — setting this mountain property apart from other luxury homes. Fire-conscious construction includes a fiber cement exterior and a full fire-suppression system, offering both efficiency and peace of mind. Every detail has been carefully considered to create a home that performs as beautifully as it lives. Interior spaces are thoughtfully appointed, beginning with a dedicated ski room for seamless mountain access. Exceptional storage throughout the home ensures space for all seasons — from mountain gear and recreational equipment to owner storage and everyday essentials — making organization effortless. The main living area showcases hardwood flooring, quartzite and marble finishes, Sonos audio, and multiple propane fireplaces — including a striking double-sided fireplace in the primary suite. The suite also offers direct access to a private hot tub, while invisible screens on exterior doors allow fresh mountain air to flow freely. A walk-in pantry and potential for a wine room elevate the entertaining experience, and abundant natural light enhances the home’s warmth and inviting atmosphere. Flexible upper- and lower-level living spaces provide exceptional versatility. The lower level can serve as a private retreat and can be locked off for rental potential, featuring 3 bedrooms, 3 bathrooms, a living area with kitchen, a private hot tub and a fire pit. With ski access via the Cascade Lift, exceptional build quality, abundant storage, and a new-construction feel, 19 White Grass presents a rare opportunity to own a high-performance luxury mountain home in one of Big Sky’s most sought-after settings.
#408632

Big Sky

19 White Grass

5 Beds

2 Baths

5,052 Sq.Ft.

$6,400,000

MLS#: 408632

This 51.8+/- acre S Alaska Road development opportunity presents a rare offering within the Bozeman triangle. Strategically positioned along the highly trafficked Alaska Road, the property offers close proximity to the interstate and both Bozeman/Belgrade. The property currently has no water or sewer, but is within range of both Four Corners Water/Sewer District and Belgrade (to be confirmed by Buyer). The offering includes a 15" water right from the Spain Ferris Ditch, with potential to negotiate a larger ditch right if necessary. This quickly expanding commercial corridor offers high traffic visibility, with surrounding commercial developments such as Yellowstone Commercial Center and West Post. This property serves as a premier opportunity within the development path. Come tour today!
#412568

Bozeman

S Alaska Road

None Beds

None Baths

51.812 acres

$6,375,000

MLS#: 412568

Set against the dramatic backdrop of Lone Peak and Andesite Mountain, 8 Washaki is a newly constructed luxury retreat designed to capture the very best of Big Sky living. Scheduled for completion in Spring 2026, this five-bedroom mountain residence offers a rare opportunity to secure a brand-new home in one of Montana’s most coveted alpine destinations. From its elevated vantage point, the home is positioned to frame sweeping, unobstructed views of Lone Peak and Andesite Mountain—two of the most iconic peaks in the Northern Rockies. Expansive windows and thoughtfully designed outdoor living spaces invite year-round enjoyment, from bluebird ski days and glowing alpenglow sunsets to cool summer evenings beneath Montana’s wide-open skies. Inside, the architecture reflects a sophisticated modern mountain aesthetic grounded in enduring craftsmanship and timeless materials. The five-bedroom layout is both functional and refined, offering generous proportions for everyday living and entertaining. Two distinct living rooms provide flexibility for hosting, multi-generational gatherings, or creating separate spaces for media and relaxation. The primary suite and lower level are designed with spa-inspired amenities, featuring luxurious steam showers for both private retreat and shared wellness experiences—an ideal sanctuary after skiing, hiking, or biking. Open-concept living and dining areas anchor the main level, where natural light and curated finishes create an atmosphere that feels elevated yet inviting. This new construction home at 8 Washaki pairs a premier location in Big Sky Mountain Village with a highly livable floor plan and beautifully executed interiors. Just moments from Big Sky Resort, residents enjoy world-class skiing, mountain biking, and hiking. One&Only Moonlight Basin, Big Sky Town Center, and the renowned Gallatin River are also a short drive away, offering dining, shopping, fly fishing, and year-round recreation. Whether envisioned as a full-time residence, seasonal escape, or strategic investment property in Big Sky, Montana, this offering presents an exceptional opportunity to own a luxury home with panoramic mountain views and seamless access to the region’s most sought-after amenities. For those seeking refined alpine living in Big Sky, 8 Washaki is ready to elevate what home in the mountains can be.
#408649

Big Sky

8 Washaki Road

5 Beds

3 Baths

4,638 Sq.Ft.

$6,350,000

MLS#: 408649

Now priced at an 8.36% cap rate, The Aspen is a dynamic lodging property situated on 3 city lots and is located just minutes from wildly popular Yellowstone National Park. Nestled in the heart of West Yellowstone, Montana, this thriving property is steps away from restaurants, shopping, and most importantly, the park’s West entrance. With 4 million visitors to Yellowstone National Park each year, The Aspen presents a unique investment opportunity for new or experienced hospitality entrepreneurs. This newer construction lodging property, built between 2005 and 2012, gives guests a comfortable home-like environment from which to explore all the area has to offer. Many updates have taken place over the past 24 months including carpets, curtains, lobby, and wifi. Accommodations range in size from single king motel rooms to 1,200 - 2,200 square foot condos and the property also features difficult to find employee housing for up to 13 employees.
#391749

West Yellowstone

229 N Hayden Street

None Beds

None Baths

19,404 Sq.Ft.

$6,300,000

MLS#: 391749

Price reduced
Welcome to the incredible Inspiration Point neighborhood that boasts the best views in Big Sky. Residence 9C is a ‘cool’ interior finish package—a contemporary mountain oasis that invites you to reconnect with nature. Situated in the exclusive Spanish Peaks Mountain Club, this exceptional home offers stunning views of Lone Mountain and the Spanish Peaks. This residence is a 5 bed, 6 bath, 4,146+/- sq. ft modern mountain retreat that seamlessly blends comfort and serenity. Boasting vaulted ceilings and a covered balcony and patio, an open concept kitchen with high-end appliances, walk-in closet off the primary bedroom, wet bar on the lower level, hot tub, and large flex room suited to let your imagination run with possibilities, this residence is one you’ll want to visit. As a member within the Spanish Peaks community, you will enjoy unparalleled amenities, including alpine and Nordic skiing, snowshoeing, golfing, mountain biking, hiking, horseback riding, fly fishing, guided tours of the Greater Yellowstone area, spa treatments, fine dining, and more—providing endless opportunities for adventure. After an exhilarating day, relax in the member Clubhouse or at Montage Big Sky, or unwind by the wood burning fire or hot tub in your home. Nestled adjacent to the new 10-hole Par 3 course, Tom’s 10, and the vast Spanish Peaks Mountain Club trail system, Residence 9C is a prime location for all recreation. Dive into scenic flow trails designed for thrilling mountain biking or explore hiking paths that take you to the serene Fish Camp or the stunning Inspiration Point Lookout Pavilion. Experience the perfect blend of luxury and outdoor adventure at Inspiration Point, where extraordinary moments create lasting memories. Photos shown depict a similar residence.
#405533

Big Sky

307 Inspiration Point Road 9C

5 Beds

6 Baths

4,146 Sq.Ft.

$6,300,000

MLS#: 405533

Located blocks away from the West Entrance to Yellowstone National Park, Moose Creek Inn is ideally located to access all that the park and town of West Yellowstone have to offer. The property features 2 two-story buildings, one of which was constructed in 2011, with multiple room types. The 34 nicely updated, rustic chic rooms have been popular with budget-conscious travelers to the area since 2008 resulting in a long history of strong financials. With Yellowstone National Park seeing record numbers of visitors the past few years and with the West entrance being (by far) the most utilized, this is a fantastic investment for years to come.
#391846

West Yellowstone

119 Electric

None Beds

None Baths

10,217 Sq.Ft.

$6,100,000

MLS#: 391846

Residence 4 is a 3-bedroom (with lock off), 3-bath residence located on the ground floor with a walk-out patio to landscaped green space, amplifying privacy and solitude, directly across from Montage Big Sky. Connected via an underground pathway to Montage Big Sky, the Inn Residences provide Owners with exclusive access to the resort's amenities and services, a dedicated concierge team, as well as direct ski-in, ski-out access to Big Sky Resort. All Owners receive membership benefits at the Spanish Peaks Mountain Club, which includes concierge services, a Tom Weiskopf-designed championship golf course, a clubhouse, and year-round members-only events. Additionally, residents enjoy an après ski lounge, ski lockers, spa tubs, and a lobby bar. Ownership at The Inn Residences at Montage Big Sky is offered in deeded, one-quarter ownership interests and each Residence is offered fully furnished with luxury furnishings by RH Contract.
#400130

Big Sky

824 Settlement Trail 4 A,B,C,D

3 Beds

3 Baths

1,973 Sq.Ft.

$6,000,000

MLS#: 400130

Stately Big Sky Mountain Retreat with Lone Mountain Views: Experience the best of resort mountain living in this stately 6,031-square-foot residence in the highly sought after community of Big Sky. The home is beautifully situated on 1.92 acres with the adjoining 2.02 acre lot to the south and 1.09 acre lot to the north included in this offering. Perfectly positioned to capture spectacular Lone Mountain views, the home enjoys a rare setting backed to the west by approximately 40 acres of greenbelt, creating a sense of privacy and scale that feels far larger than the deeded acreage. Offering both mountain serenity and exceptional convenience, the property is minutes from Mountain Village and skiing, Meadow Village and Town Center, with year-round recreation, dining, shopping, and resort amenities close at hand. Traditional mountain design meets enduring craftsmanship throughout this never-rented multi-level residence, with one level living. It is impeccably maintained including annual interior and exterior staining and painting. Extensive additions and thoughtful remodels completed in 2015 and 2016 enhanced the original home, while a new roof installed in 2020 adds lasting peace of mind. Substantial wood beam accents, entry columns, and two dramatic stone fireplaces create a warm, refined alpine presence inside and out. The heart of the home is a grand kitchen designed for gathering, featuring granite countertops with live edges, a large island, a wood breakfast bar, and a wine room. Expansive living areas are anchored by gas fireplaces in the living room, family room, and primary bedroom, while air conditioning adds comfort across the seasons. A two-car attached garage, detached structure with a third parking space, and abundant storage provide the practicality expected in a true mountain retreat. Large decks invite outdoor enjoyment in every season, from quiet mornings overlooking Lone Mountain to evenings framed by crisp mountain air and open sky. The convenient circular driveway offers an elegant arrival experience, while the home’s position against greenbelt land enhances the feeling of seclusion without sacrificing access to Big Sky’s premier amenities. This is a rare opportunity to own a substantial, beautifully maintained Big Sky residence in a spectacular resort setting where privacy, views, craftsmanship, and convenience come together in one exceptional mountain property.
#412777

Big Sky

2640 Rain In Face Road

5 Beds

3 Baths

6,031 Sq.Ft.

$5,999,999

MLS#: 412777

Horseshoe Foothills Ranch is tucked away in a private setting in the northern Gallatin Valley at the base of the Bridger Mountains and the Horseshoe Hills. The views from the property are stunning, with the Bridgers looming to the northeast, encompassing an expansive view of the lights of Bozeman and the Gallatin Valley, the Spanish Peaks rising to the south, and the Tobacco Root Mountains to the west. Take in the views from this 1,278± acre ranch, all close to one of the most celebrated small towns in the western United States: Bozeman, Montana.
#400471

Belgrade

TBD Skinner Road

None Beds

None Baths

1278.0 acres

$5,995,000

MLS#: 400471

West Yellowstone, Montana Lodging Property. Geyser Inn located at the west gate to Yellowstone National Park. Over 4 million visitors to Yellowstone Park each year with West Yellowstone hosting over 55% of the visitors. Excellent location for this Boutique style lodging with 23 rooms on three floors w/elevators and stairways for easy guest access. After an adventurous day in Yellowstone guests can enjoy amenities offered in West Yellowstone and relax in a comfortable room. Convenient location to town's shops, dining, entertainment, and only blocks with a direct route to the park's west entrance. Newer construction & turnkey operation ready for you to open in the upcoming season. Amenities that your guest and staff will appreciate; 5 ADA rooms, 18 guest rooms each w/microwave & fridges, breakfast area, small prep kitchen, hotel laundry w/commercial machines, over-night staff room, storage and more. Offer a comfortable rest and location for visitors to spend time in West Yellowstone.
#380139

West Yellowstone

101 S Electric Street

None Beds

None Baths

9,828 Sq.Ft.

$5,975,000

MLS#: 380139

Hidden atop one of South Bozeman’s most coveted ridgelines, 390 Hayrake Lane offers an extraordinary blend of luxury, privacy, and panoramic Montana beauty. Encompassing over 5,200 square feet of peacefully designed living space, this five-bedroom, five-and-a-half-bath home captures jaw-dropping views of the Tobacco Root Mountains, Bridger mountains, surrounding farmland and a vast majority of the city of Bozeman. Positioned on a fully fenced property with wide-open privacy, the setting evokes the feeling of a private Montana retreat while remaining just minutes from downtown Bozeman, Bozeman Health Deaconess Hospital and everyday conveniences. The home’s striking architecture is highlighted by soaring vaulted ceilings, floor-to-ceiling west-facing windows, and an impressive stone fireplace anchoring the incredible great room. Warm rustic hardwood flooring flows throughout the main level, complementing the home’s timeless mountain-modern character. Fresh interior paint and a whole-house saltless water softening system provide immediate comfort and peace of mind. Designed for both everyday living and entertaining, the spacious kitchen serves as the heartbeat of the home, featuring generous counter space, quality finishes, and seamless connectivity to the dining and gathering areas. One of a kind custom reclaimed wood mudroom with built-in bench seating, storage, coat organization and laundry room. The upper level offers a substantial bonus and recreation space complete with a wet bar, billiards area, four bedrooms, and media lounge—an ideal setting for entertaining guests, hosting game nights or enjoying family movie nights; all with the backdrop of Bozeman's iconic "M" trail in the distance. 390 Hayrake's outdoor living is equally impressive. A beautiful stone fountain that creates a tranquil focal point while the home’s elevated position showcases some of the most spectacular sunsets and western views available in the Gallatin Valley. The year round incredible green house is most certainly worth writing home about. Adding tremendous versatility and value, the property’s barn has been transformed into an exceptional high-end shop, creating endless possibilities for hobbies, equipment storage, workshop space, recreational vehicles, or future equestrian use. Rarely does an opportunity come around to own a property that so perfectly combines luxury, privacy, practicality, and commanding views in Bozeman's most sought after location!
#412020

Bozeman

390 Hayrake Lane

5 Beds

5 Baths

5,252 Sq.Ft.

$5,971,500

MLS#: 412020

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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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