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Surrounded by mountains, sweeping meadows, and the quiet rhythm of a clear mountain creek, this remarkable estate offers a rare opportunity to own a sanctuary bordering the protected lands of the United States Forest Service. Here, privacy and wilderness meet refined design. The custom timber-frame residence blends timeless craftsmanship with modern luxury. Exposed beams rise above grand living spaces anchored by dramatic stone fireplaces, while expansive windows frame breathtaking mountain views in every direction. The 388 acre property unfolds across rolling alpine meadows and mature forest, with a year-round creek winding through the land. Wildlife passes regularly through the open pasture and timber, creating a setting that feels both secluded and deeply connected to nature. Thoughtfully designed for comfort, recreation, and legacy ownership, the estate includes: • A beautifully crafted timber frame home with panoramic mountain views • Multiple stone fireplaces creating warm gathering spaces • A private sauna retreat for relaxation after days outdoors • Classic barn and outbuildings ideal for horses, equipment, or animal care • Expansive meadows and forested acreage • Direct access to thousands of acres of protected wilderness Step outside your door to ride, hike, ski, or explore endless trails across neighboring public lands. Situated in the coveted 380 hunting district, the elk and deer hunting is world class. Evenings are best spent on the terrace watching alpenglow settle across the mountains before retreating inside to the warmth of firelight beneath soaring timber beams. Properties of this caliber—combining craftsmanship, natural beauty, and direct wilderness access—rarely become available. This is more than a home. It is a mountain legacy property meant to be experienced, shared, and passed forward.
#410447

Clancy

19 September Drive

3 Beds

2 Baths

5,338 Sq.Ft.

$5,250,000

MLS#: 410447

Set within one of Big Sky's most coveted gated communities, this rare 20-acre parcel in Moonlight Basin offers an extraordinary blend of seclusion, natural beauty, and commanding mountain views. Nestled among mature pine  trees, the property provides a pristine canvas for a dream home or legacy retreat in the heart of Big Sky country.
The expansive acreage allows for total privacy while maintaining convenient access to world-class skiing, championship golf, hiking, and upscale amenities.
Opportunities of this size and caliber are increasingly scarce in Moonlight Basin. Whether you're seeking a serene escape or a year-round residence, this remarkable parcel embodies the very best of Montana mountain living—unspoiled, private, and unforgettable.
#406471

Big Sky

tbd Ulery's Lakes Road - Lot 12A

None Beds

None Baths

20.0 acres

$5,240,000

MLS#: 406471

A truly rare offering in the heart of Moonlight Basin, this expansive 20-acre parcel combines privacy, natural beauty, and breathtaking mountain views—all within one of Montana’s most exclusive gated communities. Tucked among mature pine and aspen trees, the land offers a pristine setting for your dream home or legacy mountain retreat.
Enjoy panoramic vistas of the Lone Peak and surrounding wilderness from this parcel, with ample room to create a private sanctuary that blends seamlessly into the landscape. Surrounded by nature yet just minutes from world-class skiing, golf, and amenities, this property is a unique opportunity to own one of the most desirable areas in Moonlight Basin.
Whether you're envisioning a secluded getaway or a year-round residence, this is mountain living at its finest—peaceful, private, and incomparable.
#406442

Big Sky

tbd Ulery's Lakes Road - Lot 13A

None Beds

None Baths

20.0 acres

$5,240,000

MLS#: 406442

A River really does run through it! 
https://youtu.be/z4ROlTQylW4
 
A river does not simply border this place—it defines it. Crooked Canyon Lodge rises between Bozeman and Big Sky along the wild heart of the Gallatin River, where the canyon carves through stone and shadow beneath Storm Castle Peak. Here, the river is not just a view; it is a living force at your doorstep, bending around the property and shaping both land and legend.Step outside to your private stretch of the Gallatin, winding like a silver vein of life. At the end of a simple walking path lies world-class trout water, where every cast feels like a scene from a long-awaited story. This is exclusive access to a river that captivates anglers worldwide.At the center stands a stunning 3,501 sqft custom lodge, designed for gatherings and relaxation. It features four bedrooms and additional sleeping spaces in the den and loft, with 3.5 baths—including a master suite with dual sinks and a pebble-floor shower. The master bedroom offers a king bed and deck access, along with the soothing sounds of the river below. Upstairs, two bedrooms and a loft share a generous bath, while a bunk room awaits laughter and fishing adventures.The kitchen with granite countertops, stainless steel appliances, and a large pantry. The dining table seats ten, perfect for evening gatherings, while an outdoor grill awaits steaks and trout beneath the Montana sky.Just steps away is a classic 1940s 2,280 sq ft cabin—a timeless retreat with 2 bedrooms, 2 baths, and a loft for extra guests. Nearby, a rustic bunkhouse features a wood-burning stove and private deck hover over the river's current. Mornings begin with wood smoke and rushing water, while nights end under a sky filled with stars.This is the very stretch of the Gallatin where iconic fishing scenes from “A River Runs Through It” were filmed, capturing cinematic grandeur in every bend and riffle. Crooked Canyon Lodge is not just riverfront real estate; it's a stage for a life lived outdoors—a vast slice of Southwest Montana.Perched at 5,000 feet, the lodge spans two tracts and about 4 acres, with Gallatin National Forest nearby. An hour’s drive leads to West Yellowstone, the gateway to Yellowstone National Park. In this meeting place of river, forest, and sky, fishing, skiing, and exploration are a way of life. For those who desire more than a view—who want to stand at the edge of a legendary river—Crooked Canyon Lodge is not merely a property waiting to be claimed.
#401886

Gallatin Gateway

64188 Gallatin Road

4 Beds

3 Baths

3,501 Sq.Ft.

$5,225,000

MLS#: 401886

Offered at $5,200,000 (includes real estate, business, some FF&E, and full all-beverage liquor license with gambling & catering endorsements). Exceptional 2.3-acre property with ±10,000 SF building, no covenants, direct Highway 191 access, and 15,895 ADT. The turnkey facility features a full restaurant, dance hall, lounge, casino, private event spaces, and drive-thru. Remodeled in 2021, improvements include two commercial kitchens, two bars, a built-in wood-fired pizza oven, and a state-of-the-art Jereco Studio AV system. The main restaurant seats 120 with a full dance floor (180 total capacity) and a professional production-ready sound system. Additional lounge space seats 50, plus a billiard room with two full-size pool tables. The casino includes 8 gaming machines with room for expansion. Event capabilities include an indoor private event room with its own kitchen and bar (ideal for chef’s dinners or groups up to 75), eight large-screen TVs, and full AV connectivity. Outdoor event areas accommodate 1,500+ guests, with an overall venue capacity of 400 and ample on-site parking.
#407022

Bozeman

75770 Gallatin Road

None Beds

None Baths

10,125 Sq.Ft.

$5,200,000

MLS#: 407022

Discover Powdercrest, the final land release for custom-built homes within Spanish Peaks Mountain Club. This remarkable new neighborhood introduces 31 exceptional homesites—an exclusive opportunity to own among the last true ski-in, ski-out properties in one of Big Sky’s premier, members-only communities. Lot 22 is 3.49 acres and features Spanish Peaks views, privacy, and an impressive location.

Spanning the slopes of Flatiron Mountain, these generously sized parcels offer a rare balance of privacy, expansive views, and future direct lift access via a planned chairlift. Owners will step seamlessly onto the slopes of Big Sky Resort while enjoying a sense of space and seclusion seldom found in world-class alpine destinations.

Positioned along a dramatic ridgeline with unobstructed mountain panoramas, each homesite is thoughtfully sited to capture abundant natural light, jaw-dropping views, close trail access, and year-round outdoor living. Ownership includes access to an exceptional collection of current and future amenities, including dining, two Weiskopf-designed golf courses, the Spanish Peaks Clubhouse, Montage Big Sky, the highly anticipated Member Lodge Aspire, and an expanding ski network, all contributing to an already unmatched mountain lifestyle. Combined with close proximity to Big Sky’s vibrant Town Center and the untamed wilderness of Yellowstone National Park, this is truly an opportunity not to be missed.

Owners may choose between Social or Signature Golf membership at Spanish Peaks Mountain Club, joining an outdoor-focused community of like-minded mountain enthusiasts from around the world. To further streamline the path to ownership, buyers may also take advantage of the highly regarded Design Build Program.

This represents the final opportunity to create a custom legacy residence at the heart of Spanish Peaks—where world-class recreation, protected open space, and authentic alpine character define one of the most coveted addresses in Big Sky, Montana.
#407570

Big Sky

Lot 22 Powdercrest Trail

None Beds

None Baths

3.49 acres

$5,200,000

MLS#: 407570

Paradise found in Paradise Valley. The New Moon Lodge is a spectacular home & guest house strategically perched high above the valley floor, offering breathtaking views of the Absaroka mountains. Situated on 21.37 acres and bordering public land, Yellowstone National Park is less than an hour away, world class fly fishing on Yellowstone River is just down the hill, and endless hiking, camping, and hunting opportunities abound. For those seeking unique Montana culture, historic and artistic Livingston is 30 minutes away, while the thriving college town of Bozeman is an hour.
The Main Lodge features vaulted ceilings with massive stone fireplaces, exposed reclaimed timbers, hardwood floors, and custom finishes & woodworking throughout. Large picture windows capture the views of the mountains, valley floor and Yelllowstone River. Entertaining is a breeze with two large dining tables, a full sized saloon-style western bar, and spectacular chef’s kitchen that boasts an oversized island, double dishwashers, double gas range, and sub-zero refrigerator and freezer.
The master suite is a very private wing of the main level that features a rock fireplace, spacious bathroom with walk-in shower, office space, screened in sleeping porch, exterior hot tub and outdoor fire pit. 
Also the ground level of the main lodge are 2 additional bedrooms, each with a private bath, and another cozy living area with a fireplace and ample seating. 
The downstairs has a game room with theater projector screen and a full-size billiard pool table. 
Next to the main Lodge is the Barn Bunk House, which, at 3,307 SF, is really an expansive second home. The ground level has an enormous laundry room with 3 washers & dryers, dog wash area, and oversized 2 car garage. On the upper level you'll find a kitchenette, loft, and 2 large bunk room-style bedrooms with attached baths and doors to the exterior balcony. 
The landscaping outside the lodge is equally awe inspiring with massive rock fireplaces, rock patios and walkways, mature pines and aspens, and of course, more exquisite views of the mountains.
The property has lots of flexibility and would make a perfect setting for corporate retreats, family gatherings, high end vacation rental that can sleep 20, or as your own mountain getaway. The New Moon Lodge is being sold furnished and is ready to host your next great adventure.
#405163

Emigrant

190 Sagittarius Skyway

6 Beds

5 Baths

6,714 Sq.Ft.

$5,150,000

MLS#: 405163

Price reduced
Set on 6.33 private acres in the coveted Big Sky Mountain area, just two miles from Big Sky Resort and world-class skiing, 172 Ciel Drive is an exceptional alpine retreat offering rare privacy, refined custom craftsmanship, and stunning unobstructed views — all with no HOA and zoning in place for a future guest home. Surrounded by mature forest and mountain scenery, this exclusive property captures the essence of Montana living in one of the region’s most sought-after settings. 

Built in 2018, the residence spans 3,868 square feet and features a two-car garage, five bedrooms, three full bathrooms, one powder room and 2 fireplaces. Designed to balance timeless mountain architecture with modern luxury, the main level showcases an open-concept great room anchored by a dramatic stone fireplace and exposed beam ceilings — ideal for gathering and entertaining. The chef’s kitchen features an expansive island with seating, custom cabinetry, professional-grade appliances, generous prep space, and hand-placed stone accents, with abundant natural light and spectacular mountain views. The main-level primary suite offers a private sanctuary complete with its own fireplace, custom built-ins, and a spa-inspired bath featuring dual vanities, custom stonework, a walk-in steam shower, and a soaking tub positioned beneath picture windows. The walk-out lower level provides exceptional flexibility with a spacious family and recreation lounge, an additional fireplace, a custom wet bar with wine storage, built-in shelving, and guest accommodations well-suited for extended stays. A thoughtfully designed mudroom adds everyday functionality with ample storage and a dedicated dog wash station. Outdoor living is equally inviting, with covered deck and patio spaces for year-round enjoyment, along with a fire pit area surrounded by Adirondack seating — perfect for evenings beneath the Big Sky stars. 

A defining feature of the property is its rare future expansion opportunity. Approvals are already in place through the Gallatin City–County Health Department and Montana DEQ for a future guest house. A separately constructed access road provides an ideal private approach for the additional guest residence, enhancing long-term value and flexibility. Private acreage, close proximity to skiing, and the ability to expand in such a premier location are rare. 172 Ciel Drive represents a true legacy Big Sky offering.
#407876

Big Sky

172 Ciel Drive

5 Beds

3 Baths

3,868 Sq.Ft.

$5,100,000

MLS#: 407876

Introducing 48 Market Place, a great opportunity for whole-building ownership in the heart of Big Sky’s Meadow Village. Originally constructed in 2007, it spans over 8,000 square feet and features a diverse mix of commercial and residential spaces — offering income, flexibility, and long-term investment potential in one of Montana’s most desirable mountain communities. The property underwent significant interior renovations within the past 3–4 years, introducing updated finishes, modern systems, and refreshed interiors throughout.
The building includes two street-level commercial suites — one currently leased to a thriving local coffee shop, and the other, formerly a real estate showroom, beautifully finished and ready for a new concept ideal for retail, office, or professional use. Both spaces benefit from nearly 1,300 square feet of basement storage, providing valuable additional space for operations or inventory. The residential spaces have been thoughtfully updated and provide excellent income potential or flexible housing options for on-site management or staff. The units include one spacious five-bedroom apartment (each bedroom with individual locks and two showers), one three-bedroom residence with a private bath, and one luxury three-bedroom unit featuring two full bathrooms, large picture windows, Subzero refrigerator, and beautiful mountain views.
Located in Big Sky’s established Meadow Village commercial core, 48 Market Place is surrounded by anchor tenants such as American Bank, the Post Office, and Country Market, along with local restaurant favorites Olive B’s and Michelangelo’s. With year-round visibility, accessibility, and consistent traffic from residents and visitors alike, this well-maintained, mixed-use property represents a rare opportunity to own a proven, income-producing asset in the heart of Big Sky.
48 Market Place — own a cornerstone of the Meadow Village community. Reach out today to schedule your private tour.
#406104

Big Sky

48 Market Place

None Beds

None Baths

8,165 Sq.Ft.

$5,100,000

MLS#: 406104

Largest remaining infill development site within close proximity to Downtown Bozeman. Totaling over 24 acres, this property has recently completed all annexation and zone map amendment requirements and is fully incorporated into the City of Bozeman. The Northernmost parcels along L Street have recently been zoned R-B, and the southernmost parcel (~6.9ac) is currently zoned M-1. The M-1 parcel is also located within the Pole Yard Urban Renewal District and may qualify for TIF reimbursement. The properties are located in Census Tract: 30031000600, and may also qualify for LIHTC funding. More information is available for qualified investors/developers.
#409696

Bozeman

TBD L Street & Story Mill Road

None Beds

None Baths

24.28 acres

$5,000,000

MLS#: 409696

Discover an exceptional commercial opportunity at this prime 3.98-acre Business Park, boasting an impressive total of over 34,000 square feet across three buildings. Currently operating with established leases in place, this property presents an attractive investment prospect. Building #1 stands tall with a generous 20,324 square feet of versatile space, catering to a range of business needs. Building #2 offers a variety of options, with available spaces ranging from 4,800 to 2,280 square feet, providing flexibility for diverse commercial endeavors. Meanwhile, Building #3 comprises a well-appointed 2,560 square feet, offering a valuable additional space for potential expansion or separate operations. Ensuring self-sufficiency, the property is equipped with a private well and septic system, contributing to the efficient management of resources. Its strategic location is a standout feature, boasting an impressive 162 feet of Huffine (Hwy 191) frontage, ensuring high visibility and easy accessibility for both clientele and business partners. Furthermore, the convenience of a paved parking lot provides ample space for customers and employees, enhancing the overall appeal and functionality of the business park. Don't miss this unparalleled opportunity to establish or expand your commercial presence in a highly sought-after location, offering a blend of space, convenience, and prime visibility.
#404143

Bozeman

92 Caramel Court

None Beds

None Baths

34,524 Sq.Ft.

$5,000,000

MLS#: 404143

There are riverfront homes, and then there is 49622 Gallatin Road. Situated on over five acres with more than 900 feet of Blue Ribbon fishing frontage, this isn't just a mountain house—it’s a front-row seat to the best of the Gallatin River. Whether you’re watching otters play from the deck, spotting elk across the water, or casting into one of the most productive fishing holes in the canyon, this property manages to feel both deeply peaceful and incredibly convenient.
The home opens into a welcoming gallery entry flanked by storage. From here, the layout flows naturally into spaces designed for both privacy and connection. To the left, the primary suite offers a true escape. The en-suite bathroom features a freestanding soaking tub positioned to take in river views. Above the primary bedroom,  a whimsical loft adds character—perfect for a kids' hideaway or extra storage. Nearby, a versatile bonus room currently serves as a bedroom but is ready to become your gym, craft room, or gear hub. A dedicated home office sits off the main hall, offering a backdrop of the Gallatin that makes checking emails a pleasure.
The heart of the home is defined by vaulted ceilings and a modern gas fireplace. A wall of glass curtain doors erases the boundary between the interior and the expansive deck, sitting just 20 feet from the water’s edge. Smartly appointed for the chef, the kitchen features Miele appliances and a striking leathered Taj Mahal Quartz waterfall island. A designer wood-clad pantry includes a built-in water bottle filler—a small but essential detail for Montana life.
Down the hall, a second en-suite bedroom features custom tile work and a walk-in closet. Upstairs, a guest loft offers two built-in queen beds, a full bath, and a private deck for morning coffee over the river. The property includes a fully remodeled ADU above the two-car garage. With modern finishes and elevated views, it’s an ideal setup for guests or a STR rental. The garage also features additional laundry hookups.
Adding a layer of Montana history, an original electrified cabin sits on the acreage. It’s the ultimate "fishing shack" or "she-shed," serving as a perfect focal point for entertaining, . While the property feels like a resort, it’s well-positioned for daily life: 15 minutes to Big Sky, 5 minutes to schools, and 45 minutes to the Bozeman Airport. Standing on the deck, overlooking the river, this is a property that truly moves the soul.
#409240

Big Sky

49622 Gallatin Road Road

2 Beds

3 Baths

3,620 Sq.Ft.

$4,999,000

MLS#: 409240

The Cross M Ranch consists of 1460 deeded acres, 40 acres of BLM lease, and 110 acres of private lease which is not  guaranteed to transfer to new buyer. Stretching across rolling hills and winding coulees, this methodically maintained ranch embodies the essence of the Montana frontier, offering a sanctuary for both cattle and wildlife alike. As you traverse the undulating terrain, you’ll be captivated by the timeless allure of Montana’s open range. Established roadways provide easy access to new or favorite recreational spots.  Cross M Ranch is a private outdoor sanctuary in Montana’s four seasons. Cross M ranch is a well-balanced Central Montana Ranch, with modest improvements including an older barn, lean-to-shed, round pen for breaking horses, extensive corral system, calving facilities and with 60+/- acres of irrigated hay base. Pastures and rangeland are predominately native species of grass along with extensive areas of sage and juniper cover. With several water rights including irrigation and stock water rights, along with a huge reservoir the Cross M Ranch is well watered. This ranch is owner rated at 80 pair with supplemental hay for the winter months. Abundant water resources, including lively ripples, cool pools, encompass the ranch’s 1.3± miles of Upper Deer Creek and support the diversity of wildlife. Depending on the time of year, the creek offers excellent fly-angling opportunities for brown and brook trout. The ranch is home to mule deer, whitetail, antelope, bear, turkey, Hungarian partridge, grouse and many other birds.
#394751

Big Timber

126 Upper Deer Creek

4 Beds

1 Baths

N/A

$4,999,000

MLS#: 394751

Thomas @ 27th is a well thought out and incredible multi-family development opportunity on over 8 acres on two separately deeded parcels in the rapidly growing N 19th corridor. This project is near full entitlement for a 224 unit complex with a 2+ acre park. The site works well with the neighboring development and is situated near Costco, Target, Winco Foods, Billings Clinic, Best Buy and numerous other commercial amenities. It is also near Emily Dickenson Elementary, Chief Joseph Middle and Gallatin High Schools. The property has commanding Bridger and Gallatin Range views and intersects with the planned PROST trail system. This project offers a great opportunity with much needed higher density housing and has an option for "affordable housing" incentives. The project is comprised of 4 beautifully designed buildings with studio, one and two bedroom units. Utilize the work that has been done to date to finalize this plan with the city and be ready to break ground in 2026. There are two existing single family homes and a large shop on on the property that are being sold "AS IS". A robust document package is available for review by qualified buyers. Don't miss this rare infill offering that is near final approval!
#401664

Bozeman

1109 & 1143 Thomas Drive

None Beds

None Baths

N/A

$4,999,000

MLS#: 401664

Thomas @ 27th is a well thought out and incredible multi-family development opportunity on over 8 acres on two separately deeded parcels in the rapidly growing N 19th corridor. This project is near full entitlement for a 224 unit complex with a 2+ acre park. The site works well with the neighboring development and is situated near Costco, Target, Winco Foods, Billings Clinic, Best Buy and numerous other commercial amenities. It is also near Emily Dickenson Elementary, Chief Joseph Middle and Gallatin High Schools. The property has commanding Bridger and Gallatin Range views and intersects with the planned PROST trail system. This project offers a great opportunity with much needed higher density housing and has an option for "affordable housing" incentives. The project is comprised of 4 beautifully designed buildings with studio, one and two bedroom units. Utilize the work that has been done to date to finalize this plan with the city and be ready to break ground in 2026. There are two existing single family homes and a large shop on on the property that are being sold "AS IS". A robust document package is available for review by qualified buyers. Don't miss this rare infill offering that is near final approval!
#401678

Bozeman

TBD Thomas Drive

None Beds

None Baths

N/A

$4,999,000

MLS#: 401678

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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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