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Prime investment opportunity just 8 blocks from Yellowstone National Park’s West Entrance. This fully furnished, turn-key short-term rental property includes two modern 4 bed, 3 bath cabins (built in 2020), each offering over 2,000 sq ft of living space. Designed with guest comfort and privacy in mind, both units feature open-concept kitchens, spacious living areas, game rooms, and fireplaces. The two homes share a beautifully landscaped yard with a large herringbone paver patio and fire pit—perfect for entertaining groups of up to 16 under the stars. Zoned and sized to allow for the construction of two additional homes, this 0.34-acre parcel offers significant expansion potential and long-term upside. Whether you're looking to grow a short-term rental portfolio or capitalize on the growing West Yellowstone market, this rare multi-unit opportunity blends income, location, and future development.
#408901

West Yellowstone

19 N Iris

None Beds

None Baths

N/A

$2,494,000

MLS#: 408901

The Hebel Ranch spans 56± acres in the heart of the Madison Valley near McAllister, Montana, with commanding views of Ennis Lake and the surrounding mountain ranges. Located seven miles north of Ennis and 47 miles from Bozeman Yellowstone International Airport, the property offers strong access while maintaining the character of a picturesque Montana property! The land is perimeter and cross fenced and currently configured for equestrian and agricultural use, including two separate horse pastures with shelters. A spring fed 5± acre pond, supported by adjudicated water rights, serves as both a recreational feature and a functional asset, with an integrated fire suppression system hookup in place. Additional improvements include a permitted gravel pit and more than 900 feet of highway frontage, providing ease of access and long term utility. Improvements include a 2,800± square foot, three bedroom, three bathroom manufactured caretaker’s residence accompanied by a large shop. The existing home offers comfortable living quarters while a future primary residence could be positioned on the upper portion of the ranch to take full advantage of the lake and mountain views. With no known zoning, covenants, or restrictions, the property presents substantial flexibility for agricultural, equestrian, recreational, or commercial applications. The combination of water, access, infrastructure, and location within the Madison Valley positions Hebel Ranch as a highly adaptable land investment with both lifestyle and income potential.
#408993

McAllister

5545 US 287 Highway

None Beds

None Baths

56.83 acres

$2,490,000

MLS#: 408993

Large warehouse/office building in convenient location just off Griffin Drive. The building layout is a combination +/-6,000 SF of warehouse space on the main level, primarily open with high ceilings, a grade level overhead door, as well as a loading dock, and several man doors. There is also +/-2,000 SF of office on the main level. The office space has a showroom area, three offices, a conference room and a kitchenette. The second floor is an additional +/-2,000 SF of nice office space with six offices, a conference room and kitchenette. Due to the location of entrances, restrooms, and layout this building could be easily demised into a multitude of different options beyond one end user. The .704 acre lot allows for extra space for truck parking, yard space, etc. Worth taking a look at this property to envision the possibilities!
#408964

Bozeman

2134 Industrial Drive

None Beds

None Baths

9,876 Sq.Ft.

$2,475,000

MLS#: 408964

Welcome to a modern take on mountain living—where clean lines and upscale amenities come together in perfect harmony. Designed with comfort and functionality in mind, this contemporary condominium captures breathtaking views of Lone Mountain and offers an effortless blend of rustic charm and modern elegance. Enjoy thoughtfully designed community spaces inspired by nature, ideal for hosting family and friends or simply relaxing in a serene setting. Amenities include a swimming pool, hot tub, fitness center, and game room—everything you need for both recreation and relaxation. Whether you're looking for a private mountain getaway or a top-performing vacation rental, Mountain Lake is a highly sought-after destination.
#404258

Big Sky

2D Summit View - 401D

3 Beds

3 Baths

2,057 Sq.Ft.

$2,475,000

MLS#: 404258

Built in 2017, this building was the first privately owned LEED Platinum certified office building in MT. Private location with Cherry Creek trail access, 5-minute drive to I-90, and 5-minute walk to Map Brewing. Main level SQFT = 2834 sqft, Upper level SQFT =2834sqft; total rentable SQFT = 5668sqft. 10ft ceilings throughout the building, elevator, and plenty of parking both off, and on street. There is also a private rooftop patio with expansive Bridger Mountain Views. All information is deemed reliable but not guaranteed, buyers and buyers' agents to verify all information.
#390800

Bozeman

387 Gallatin Park Drive

None Beds

None Baths

5,668 Sq.Ft.

$2,475,000

MLS#: 390800

Elevate your everyday in Residence 3A, a thoughtfully designed 2-bedroom, 2.5-bath penthouse perched atop The Franklin—Big Sky’s newest boutique residential building in the heart of Town Center. Perfectly tailored for both quiet escapes and effortless entertaining, this home pairs refined mountain style with unbeatable walkability. Inside, the airy floor plan is enhanced by 11-foot ceilings and curated finishes that strike the perfect balance between comfort and sophistication. Large windows draw in natural light and frame expansive vistas, while the open living space flows seamlessly onto a private rooftop terrace—complete with a hot tub—offering sweeping views of Yellow Mountain, Lone Peak, and the adjacent golf course. Crafted by Bechtle Architects and built by Langlas Construction, The Franklin is a thoughtfully executed building offering the ease of lock-and-leave living with premium features: sound-insulated walls, heated underground parking, and private storage for your mountain gear. From morning walks to your favorite coffee shop to evenings catching live music or dining nearby, Residence 3A puts you steps from it all. And when adventure calls, Big Sky Resort is just 10 minutes away, with river access and trailheads even closer. Move-in ready and designed for year-round enjoyment, this penthouse is more than a residence—it’s your personal launch point to the Big Sky lifestyle.
#401629

Big Sky

211 Town Center Avenue 3A

2 Beds

2 Baths

1,229 Sq.Ft.

$2,450,000

MLS#: 401629

A truly rare offering in downtown Bozeman, a luxury penthouse with unobstructed, framed views of the Bridger Mountains from every room. This one-of-a-kind residence is intentionally designed so the mountains become the focal point, with the living area and primary suite perfectly oriented to capture the dramatic skyline. Experience elevated living in this 2,011 SF new-construction penthouse, where expansive windows, abundant natural light, and an open, refined floor plan create an effortless sense of space. Ideally situated in the heart of downtown, you’re just steps from Bozeman’s best dining, shopping, and cultural amenities. The gourmet kitchen is outfitted with Thermador appliances, a wine fridge, and a striking waterfall island, ideal for cooking, gathering, and entertaining. With 2 bedrooms and 2.5 baths, all ensuite, plus a generous den/office, the home blends comfort, privacy, and versatility. Enjoy the 273 SF heated, covered patio boasting those amazing views, for year-round outdoor enjoyment. Practical luxuries abound, including pre-wiring for electric shades, designated storage and heated underground parking with EV-ready wiring. The secure, amenity-rich building offers outdoor common spaces, a fully equipped gym, bike storage, two conference rooms, and a dedicated mail room with cold storage for food deliveries.
#407322

Bozeman

315 N Tracy Avenue 604

2 Beds

2 Baths

2,011 Sq.Ft.

$2,450,000

MLS#: 407322

Price reduced
If location is important to you, this is it! This well maintained Timber Frame home is located in the upscale Sweetgrass Hills neighborhood at the very top of the subdivision. The home location offers panoramic views to the south, overlooking the Big Sky Meadow Village. The property backs up to a 20 acre parcel, with the ever popular Reflector Hiking Trail easement on it. Perfect for that daily walk in the woods, right from the house. The home has a Security System, 3 bedrooms, 3.5 bathrooms (all with new fixtures), with upper and lower level great rooms (each with fireplaces), for entertaining the family or guests. A front covered deck and rear private patio with views of Lone Mountain in the distance, are perfect for that outside time. A new roof was just installed using 50 year Timberline Shingles. The world class Big Sky Ski and Summer Resort is a short drive up the Mountain Road. All of the summer and winter amenities are minutes away. Big Sky offers unlimited activities, restaurants, shopping, Music In The Mountains, Farmers Market and so much more. Sweet Grass Hills subdivision prohibits any rentals less than 30 days.
#404532

Big Sky

2780 Bobtail Horse Road

3 Beds

3 Baths

4,200 Sq.Ft.

$2,450,000

MLS#: 404532

Price reduced
Rare offering of this park-like setting in the middle of Bozeman! On city services, with nearly two and a half acres of serene property with mature landscape and a creek flowing through, it's a must see. Whether you're looking for a legacy property or have a desire to do a luxury remodel, this home lends itself to many options. In very close proximity to Montana State University, Bozeman Deaconess, schools, shopping, trails and so much more, it's all at your fingertips here ... and you can have an incredible private backyard experience with Montana wildlife frequently visiting as well. There is an abundance of natural light and Southern exposure with this home, you'll love it! With an open and inviting main floor living room, plus an additional flex space, this home offers many options and is a must see! Please make note that some of the rooms are non-confirming and closets are located in the hallway. However, there are plenty of options to make this home whatever you can imagine! With updates throughout the decades, this modern mid century home offers unique architectural design elements and pulls in Montana's beauty, in the heart of Bozeman. Please make note that listing agent has ownership in property. This is also listed as an option with the adjoining approx. 1.396 AC parcel for a total of approx 3.868 AC as MLS#409414
#408799

Bozeman

1918 Spring Creek Drive

4 Beds

2 Baths

4,088 Sq.Ft.

$2,449,000

MLS#: 408799

Set against the wide-open landscapes and river corridors that define the Madison Valley, The Drift at North Forty presents an opportunity to acquire an entire new construction four-unit residential building in the heart of Ennis. Located within walking distance of Main Street and minutes from the Madison River, the property offers investors a turnkey asset positioned at the intersection of small-town access and world-class outdoor recreation. The building consists of four 3-bedroom, 2-bathroom residences designed for low-maintenance ownership. Each home features an open-concept layout with expansive windows that capture mountain views and bring in natural light. Finishes are durable and clean, designed with a timeless aesthetic that complements the surrounding landscape while minimizing ongoing maintenance. Residences are configured for flexibility, appealing to both long-term occupants and vacation renters. Walkout primary suites provide privacy and direct outdoor access, while two additional bedrooms allow space for guests, family, or remote work. Attached one-car garages and dedicated storage rooms provide practical utility, with additional space suitable for fly tying, workout equipment, or organized gear storage. Short-term rentals are permitted, offering investors the ability to pursue nightly rental income while maintaining optionality for longer-term leasing or personal use. Upper-level residences benefit from elevated sightlines and broader valley views. With Main Street Ennis, the Madison River, and surrounding public lands nearby, the property is well positioned for year-round demand driven by fly fishing, hunting, hiking, and skiing at Big Sky Resort. Yellowstone National Park and Bozeman Yellowstone International Airport are approximately one hour away, placing The Drift at North Forty within reach of both regional and destination travel markets.
#409360

Ennis

450 Loomis Way

None Beds

None Baths

N/A

$2,449,000

MLS#: 409360

Residence 13 is a 4-bedroom (with lock off), 4-bath Residence with ease of access to the ski-in, ski-out trail to Big Sky Resort. With an elongated balcony, ample seating and views of the Spanish Peaks and Gallatin Mountain Ranges, this spacious Residence with recessed ceilings offers convenience and solitude. Located on the main floor, Residence 13 showcases a suite-style lock off residence, SS appliances, high quality finishes, a true turnkey residence, and a year-round management team. Connected by an underground pathway to Montage Big Sky, The Inn Residences at Montage Big Sky offers Owners privileged access to the resort’s amenities and services, a dedicated concierge team, plus ski-in, ski-out access to Big Sky Resort. All Owners will also enjoy the benefit of membership at Spanish Peaks Mountain Club, which includes private concierge services, two Tom Weiskopf golf courses, a clubhouse, and a year-round calendar of special, member-only events and experiences. Additionally, residents enjoy an exclusive après-ski resident’s lounge, ski lockers, spa tubs, and 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.
#409582

Big Sky

824 Settlement Trail 13C

4 Beds

4 Baths

2,478 Sq.Ft.

$2,425,000

MLS#: 409582

Residence 13 is a 4-bedroom (with lock off), 4-bath Residence with ease of access to the ski-in, ski-out trail to Big Sky Resort. With an elongated balcony, ample seating and views of the Spanish Peaks and Gallatin Mountain Ranges, this spacious Residence with recessed ceilings offers convenience and solitude. Located on the main floor, Residence 13 showcases a suite-style lock off residence, SS appliances, high quality finishes, a true turnkey residence, and a year-round management team. Connected by an underground pathway to Montage Big Sky, The Inn Residences at Montage Big Sky offers Owners privileged access to the resort’s amenities and services, a dedicated concierge team, plus ski-in, ski-out access to Big Sky Resort. All Owners will also enjoy the benefit of membership at Spanish Peaks Mountain Club, which includes private concierge services, two Tom Weiskopf golf courses, a clubhouse, and a year-round calendar of special, member-only events and experiences. Additionally, residents enjoy an exclusive après-ski resident’s lounge, ski lockers, spa tubs, and 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.
#409569

Big Sky

824 Settlement Trail 13A

4 Beds

4 Baths

2,478 Sq.Ft.

$2,425,000

MLS#: 409569

Residence 13 is a 4-bedroom (with lock off), 4-bath Residence with ease of access to the ski-in, ski-out trail to Big Sky Resort. With an elongated balcony, ample seating and views of the Spanish Peaks and Gallatin Mountain Ranges, this spacious Residence with recessed ceilings offers convenience and solitude. Located on the main floor, Residence 13 showcases a suite-style lock off residence, SS appliances, high quality finishes, a true turnkey residence, and a year-round management team. Connected by an underground pathway to Montage Big Sky, The Inn Residences at Montage Big Sky offers Owners privileged access to the resort’s amenities and services, a dedicated concierge team, plus ski-in, ski-out access to Big Sky Resort. All Owners will also enjoy the benefit of membership at Spanish Peaks Mountain Club, which includes private concierge services, two Tom Weiskopf golf courses, a clubhouse, and a year-round calendar of special, member-only events and experiences. Additionally, residents enjoy an exclusive après-ski resident’s lounge, ski lockers, spa tubs, and 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.
#409581

Big Sky

824 Settlement Trail 13B

4 Beds

4 Baths

2,478 Sq.Ft.

$2,425,000

MLS#: 409581

Nestled in the picturesque Boulder Mountain Range, this custom-built home is a testament to luxury living in the heart of Montana. With its unique style and exceptional location, the property goes beyond the ordinary, offering a lifestyle defined by exclusive amenities and breathtaking surroundings. Situated at the end of the road near the top of the mountain and bordered by BLM land on two sides, you’ll enjoy a private outdoor haven with access to thousands of nearby acres to explore. Abundant wildlife, including deer, elk, and moose, frequent the area, with two resident elk herds nearby. Designed and built by the original owner for his family, this well-appointed home reflects a thoughtful balance of luxury, efficiency, and detail, blending rustic Montana character with modern finishes. The home offers 4,861± sf of main living space, complemented by a partially finished daylight basement with an additional 2,840± sf of flexible space awaiting your custom design. The main level features a well-appointed kitchen, dining room, living room with see-through fireplace, master suite, den, bathroom, laundry, mudroom, and a large deck for entertaining. Granite countertops, solid coffee-stained oak floors, maple cabinetry and built-ins, and straight-grained fir trim create warmth and elegance throughout. The primary suite is a true sanctuary with his and her closets, oversized shower/spa room, jetted tub, and coffee bar, plus a private balcony overlooking the valley and Elkhorn Mountain Range views. The second level provides a large seating/TV area overlooking the living room below, a bedroom with connected playroom and 3/4 bath, a full guest bath, an additional bedroom or office, a craft room, and a large bonus room offering flexible space for family, guests, or hobbies. An oversized 3-car heated garage with heated outdoor concrete adds year-round convenience. Just 15 minutes from Helena, enjoy access to urban amenities and the Helena airport, while Great Divide Ski Area is approximately 45 minutes away. The Lewis & Clark National Forest offers year-round recreation including skiing, snowmobiling, fishing, hiking, hunting, and ATV riding. This home offers more than a residence—it provides a luxury Montana lifestyle enriched by nature, adventure, and convenience.
#393154

Montana City

92 Big Indian Gulch Road

4 Beds

2 Baths

7,700 Sq.Ft.

$2,400,000

MLS#: 393154

Presenting an exceptional commercial opportunity in the picturesque ski town of Big Sky, Montana. This expansive 6,268 sq. ft. building, set on a generous 0.6-acre lot, offers versatile space ideal for a range of commercial uses, from retail and office spaces to a hospitality venture. Strategically located across from the stunning Gallatin River and on the main road leading to Yellowstone National Park makes for a prime location. The property boasts stunning views of the surrounding mountains, providing a unique backdrop for any business.
#394260

Gallatin Gateway

46651 Gallatin

None Beds

None Baths

6,268 Sq.Ft.

$2,400,000

MLS#: 394260

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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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