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Located on the north shore of Ennis Lake in McAllister, Montana, this legacy property presents a rare opportunity to acquire just over 2,700+/- acres in one of Montana’s most desirable valleys. The offering combines lake frontage, agricultural production, equestrian infrastructure, conservation or development potential, and a fully operational commercial component.  Showing by appointment only.

A working ranch with residential, livestock, and infrastructure elements in place, Lost Heart Ranch anchors the entire offering. It is subdivided into 45 legal parcels, making if a great candidate for a conservation easement, possible development, and generational use. Includes 2,500± SF 4BD/3BA main residence (1994), 2,400± SF equipment shop with attached 2BD/1BA residence (2004), 3,100± SF livestock barn, and 1400± feet of lake frontage.
A rare, turnkey 23.18 acre equestrian facility located on the lake, this component of the offering includes a 6,344+/- SF luxury home with a pool, lake frontage, and full horse infrastructure.
The commercial asset of this property, Lake Shore Lodge offers a strong base for hospitality, storage, and lakefront access with expansion potential. Features 42 full-service RV sites (50 amp), office/store and bathhouse with laundry, 3 dry cabins and 3 additional  4 season rental cabins, room for employee housing, marina with 10 docks and seawall. 2 drain fields and 7 holding tanks with room for expansion. Excellent potential for income generation or private estate repurposing.

With panoramic views in every direction—Lone Peak to the east, the Centennial Mountains to the south, and the rugged Tobacco Root Mountains to the west—the property features diverse topography including productive pasture, riparian corridors, and juniper-covered hillsides. Comprising three primary components—Lost Heart Ranch, Lake Shore Equestrian Estate, and Lake Shore Lodge—this property supports year-round ranching, recreation, and income generation, all just minutes from Ennis and under an hour to Bozeman.
#404797

McAllister

Lost Heart Ranch Ennis Lake Rd

4 Beds

4 Baths

13,842 Sq.Ft.

$23,500,000

MLS#: 404797

LOCATION, LOCATION, LOCATION!!!!
Here is your chance to own a piece of Anaconda History along with a prime location for your business venture.
1210 East Park was once the home of the Anaconda Brewing Company in the late 1930s, later becoming the Sugrue Bottling Company and eventually part of the Harrington Pepsi Company.  The warehouse is mostly wide open, lending itself to multiple uses.  There is office space as well as a rest room and parking in the back if needed!!
Contact your favorite Realtor for a showing today!!
#402120

Anaconda

1210 E Park Street

None Beds

None Baths

5,840 Sq.Ft.

$450,000

MLS#: 402120

This is a prime investment opportunity in the rapidly growing Mill District of northeast Bozeman. The area is currently undergoing multiple redevelopment projects, such as the Bronkens/Cloverleaf project, Wallace Works, North Ida/East Cottonwood redevelopment, and Block 104. It is also located just one block from popular spots like Wild Crumb Bakery, Treeline Coffee, Finks Deli, and the Wildlands residences. The storage warehouse is about 4,875 square feet on an approximately 11,500 square foot lot. It is currently rented at a below-market rate of $1,500 per month on a month-to-month basis. It is situated at a potential future connection point between the east section of East Cottonwood Road and the original Front Street. The City's Transportation Plan envisions reconnecting and upgrading East Cottonwood's extension into Front Street, including roadways and walking/biking paths. Furthermore, it serves as a crucial interconnection for sewer, water, and other utilities for the eastern side of the Mill District. The Northeast Historic Mixed-Use (NEHMU) zoning allows for residential, commercial, retail, and bar/restaurant uses, along with accessory dwelling units (ADUs). The lot to the north is also available, which creates an exciting opportunity for redeveloping the 18,600 square feet site with a mix of commercial and residential uses plus parking.
#400128

Bozeman

725 E Cottonwood Street

None Beds

None Baths

4,875 Sq.Ft.

$950,000

MLS#: 400128

Nice, efficient commercial condo in the Four Corners area.  This commercial condo has three private offices, all with windows.  There are also some partial privacy walls in place to create more semi-private work stations.  Additional open space can be used for additional collaborative work areas, open conference room, reception/waiting area, etc.  There is also a small kitchenette hallway, and common restrooms are just down the hall.  This is a great value for an entry level opportunity to own your own office.
#407469

Bozeman

380 Ice Center Lane D

None Beds

None Baths

1,402 Sq.Ft.

$385,000

MLS#: 407469

Seller offering $20,000 in buyers incentives towards closing costs or rate buy-down! Welcome to the final phase of Rogers! This newly built condo is thoughtfully designed to combine modern style with everyday comfort, all while capturing peaceful, lush views. On the main level, you’ll find a versatile bedroom with a full bathroom just across the hall—perfect for guests, a home office, or a quiet retreat. The kitchen features stainless steel appliances, a gas range, and a stylish tile backsplash, and it flows seamlessly into the open living and dining areas. Step outside to the covered patio and enjoy a fully fenced, landscaped backyard—ideal for soaking in every Montana season. Upstairs, the spacious primary suite offers a walk-in tiled shower, double vanity, and a generously sized walk-in closet. Two additional bedrooms, a full bathroom, and a cozy flex nook at the end of the hallway provide extra room for work, hobbies, or relaxation. Unwind with your morning coffee or take in evening sunsets from the covered balcony
with serene Bridger views.
#407188

Bozeman

748 Rogers Way B

4 Beds

2 Baths

1,906 Sq.Ft.

$599,000

MLS#: 407188

Welcome to your own majestic retreat on the banks of the mighty Missouri River! This extraordinary estate offers unparalleled privacy, surrounded by the breathtaking natural beauty of Montana's landscapes. As you approach, you'll be greeted by over a mile of pristine river frontage, providing endless opportunities for fishing, boating, and relaxation along the Missouri. The centerpiece of this remarkable estate is a stunning castle-inspired residence, exuding timeless elegance and architectural grandeur. Features such as a cedar-lined sauna, expansive wine cellar, turret with reading room, two attached garages, multiple fireplaces, and the bold, castle-like courtyard complete with gargoyles, add to the allure of the property. The home is thoughtfully laid out with wings for the homeowners and guests. The main wing includes a bedroom, walk-in closet, ensuite bath, office, laundry room, and one of the attached two-car garages with direct entry. In the guest wing, you’ll find three guest bedrooms, two baths, a 2-car garage, ample storage, and a guest laundry room. The main living area contains a grand entry with vaulted ceiling and an open concept kitchen, living room, and dining room. The exquisite views over the expansive, plush lawn to the river and scenic open lands will take your breath away. Cozy up to the living room fireplace and enjoy the abundance of wild animals and bird life in your backyard. The round dining room has spectacular views in every direction and is highlighted by a custom-made round table to complement the space.
Aviation enthusiasts will be delighted by the inclusion of an airplane hangar and three private airstrips, providing convenient access for travel and exploration. The possibilities are endless for those with a passion for flight and adventure, whether urban or backcountry. For the avid boater or water enthusiast, a remarkable boathouse awaits, complete with a concrete ramp for effortless access to the river. Imagine embarking on leisurely cruises or exciting adventures right from your own backyard. For those seeking space for hobbies or projects, a large workshop within the hangar offers ample room for creativity and craftsmanship, while the two-bedroom guest quarters with a full kitchen provide comfortable accommodations for visitors or extended stays. This exceptional property offers a rare opportunity to own a piece of Montana's pristine wilderness, where every day brings new adventures and cherished memories.
#392771

Great Falls

665 Wilson Butte Road

5 Beds

2 Baths

4,703 Sq.Ft.

$4,250,000

MLS#: 392771

This property has so much to offer! Newly remodeld 4 Br Home with 3 additional rental units. Plus a 2250 SF heated shop. Main home features 4 BR/2 baths, Open living space with vaulted ceilings and wood stove and a attached garage. There are 3 additional units each 1BR/1Ba with private entrances, attached garage and all appliances providing great rental income. The shop is 2250 SF of heated space with 2 14x 20 overhead automatic garage doors, half bathroom, a open pit is 36 feet long with a cut out underneath the floor with a grease tank is to drain your oil. All sits on a beautiful 5.14 acre parcel with mature trees just .5 a mile to public fishing access on the Gallatin River
#402045

Bozeman

2444 W Cameron Bridge Road

7 Beds

5 Baths

4,985 Sq.Ft.

$1,950,000

MLS#: 402045

Outstanding 4+ acre parcel available in Gallatin Valley's banana belt. The area known for the outstanding views of the surrounding mountain ranges and the infamous Thompson Spring Creek. This property features Thompson Spring Creek, and a beautiful building site to take advantage of the outstanding unobstructed views.  The 4-bedroom septic system is installed. Abundance of waterfowl, pheasants, deer, Sandhill Cranes and the occasional elk visit this property. Fishing access to the East Gallatin River is 1.5 miles  away for great wade fishing.
A must see property !
#392194

Belgrade

TBD Hamilton

None Beds

None Baths

4.03 acres

$950,000

MLS#: 392194

Price reduced
Entrepenures and Investors! Discover exceptional Main Street visibility and potential with this 4,150± sq. ft. commercial building ideally located on bustling East Park Avenue in the heart of Anaconda Montana's business district. Built in 1960 and situated on a 7,013± sq. ft. lot, this property offers versatile space suited for retail, office, or mixed commercial use. Large display windows provide excellent street exposure and natural light, creating an inviting presence for customers and clients alike. The building’s phenomenal corner lot location ensures steady traffic and easy accessibility, just steps from downtown Anaconda amenities and other thriving local businesses. The current use, and business Anode Design's is also for sale. Anode is a profitable clothing, apparel, and embroidery company that creates and sells custom clothing items, including options like t-shirts, hats, and other promotional apparel. The company has oodles of potential, and vast room to grow.  The large building, coupled with the companies growth capabilities, make this property and business very appealing to all potential buyers. The large lot offers ample space for future expansion, and operational growth, as business needs evolve. Whether you’re an investor seeking a solid and proven income property, and / or a business owner ready to establish a presence in one of Montana’s most historic towns, this property presents a unique opportunity. Please contact me to schedule a showing.
#406578

Anaconda

421 E Park

None Beds

None Baths

4,150 Sq.Ft.

$399,000

MLS#: 406578

Fremont Square Condominiums is a new Live Work Condo complex off Jackrabbit and E Valley Center. The Fremont Flex Plan is built for versatility—where workspace and living space come together in one smart design. The main level offers over 1,400 square feet of open commercial space with 15-foot ceilings and 14-foot overhead doors on both ends, creating a true pull-through garage perfect for light industrial use, toy or car collection storage, or a small business operation. Durable finishes and a clean, open layout make it easy to customize for your needs.

A private entrance leads upstairs to a modern two-bedroom, two-bath residence with an open kitchen, bright living area, and contemporary finishes throughout. Each unit includes upstairs balcony, expansive views, and thoughtful design that balances function and Montana style.

Located within Fremont Square—Bozeman’s newest live/work community along Jackrabbit Lane—the Fremont Flex offers prime visibility, quick access to I-90 and Big Sky, and the freedom to live and work on your own terms.
#406439

Bozeman

2603 Fremont Street

2 Beds

2 Baths

1,726 Sq.Ft.

$885,300

MLS#: 406439

Creeks! Trails! Views! Meadows! Southern Exposure! Cute dry cabin hidden in an aspen grove! This 15.268 acre property just outside of downtown Red Lodge is a fairy tale come to life and very fun to explore. It consists of a huge upper meadow, a creek running along the west side, and a creek crossing in spots on east side. The meadow is perfect for horses or just taking in the spectacular views... including Red Lodge ski area. Garden space next to one creek. 

NO COVENANTS!
 
* 1.8 miles to Red Lodge Mountain Golf Course. 
* 3.8 miles to the heart of downtown Red Lodge, restaurants and shopping.
* 10.9 miles to Red Lodge Ski Area (home of Skijoring National Finals!
* ?? miles to your next outdoor adventure (National Forest near by, Beartooth Pass, Cooke City, Yellowstone!)

And for the practical stuff: There is electricity on the lot. There is a well - we have not found well log yet.  Driveway is currently completed with gravel to the bottom of the hill, and cleared up to the meadow. The portion to the meadow will be graveled when weather permits.  Driveway is a deeded easement.  The dry cabin could be turned into a great little getaway. See supplemental documents for a diagram of the lot and where to explore!

Showings appointment only due to ongoing driveway construction and locked gate.
#406848

Red Lodge

NHN Highway 78

None Beds

None Baths

15.268 acres

$680,000

MLS#: 406848

Annual gross rental income = $ 61,800. Cap Rate 6%.  Newly and extensively renovated, including the systems, the pictures and attached video of the interior  and exterior tell the story. The brick building has some special architectural features. The property has two buildings with a total of four units.   Three units are the two-story brick building and the fourth unit is in a separate house. All units are currently rented. Two of the units in the brick  building have 3 bedrooms and 1 1/2 bathrooms and the third unit has a 2 bedrooms and 1 bathroom. The unit in the house is 2 bedroom and 1  bathroom. See the rental income per unit in financial information section of this mls listing. Tenants pay electric and natural gas. Units have their  own laundry. Property is conveniently located in Uptown Butte. If you are looking for a turn-key income producing property you must check-out  this one out.
#407436

Butte

315-321 N Washington

None Beds

None Baths

N/A

$725,000

MLS#: 407436

This rare piece of history sits in between Big Timber, Montana, and Columbus, Montana just 30± minutes to each town. With dates carved in stone (literally), this remarkable treasure dates back to 1872. The “halfway house” welcomed weary travelers on the Bozeman-Miles City stage line. As evidenced in the original abstract, a formal transfer to its first private owner was signed by President Grover Cleveland in 1886. Preserved and transformed in 2012, a contemporary addition joins the south wall of the original stone house to provide unobstructed views of the White Beaver Valley. A manicured bluegrass lawn gently gives way to pastures and prairies traversed by a mile of spring creek and two year-round high-producing springs on 400± acres. Elk, deer, antelope, and upland game abound. A passively solar-heated hanger and grass airstrip will welcome your Super Cub, while the rustic barn, corral, and shed provide a home for your horses. The past and present converge in this private, tranquil, one-of-a-kind property.
#403310

Reed Point

802 Deadmans Canyon Road

3 Beds

2 Baths

1,862 Sq.Ft.

$2,995,000

MLS#: 403310

At 8.719 acres, this is one of the larger lots on the ranch and features a large aspen grove and mature Douglas Fir trees on a ridge with filtered Madison Range views to the west. Views to the East are spectacular mountain meadows and Gravelly Mountain Range. This expansive lot borders ranch open space where there is treed gully and lots of game trails. This lot allows a single story home with up to a 50% square foot lower level. Experience Montana at it's best on this alpine property just south of Ennis. Ownership in Sun West Ranch includes access to three miles of the Madison River and stocked spring fed ponds, horse back riding on trails throughout the ranch and much more. The ranch is less than half an hour to Yellowstone National Park. The ranch provides great access to public lands on its southern and SW boundaries and you will see lots of wildlife. Ranch management keeps an eye on your property, the roads plowed in the winter, maintained in the summer and manages the 2000 acres and 1600 acres of open space that the 55 homeowners share.
#403617

Cameron

Sun West Ranch Lot 34

None Beds

None Baths

8.72 acres

$499,000

MLS#: 403617

EXCELLENT RESIDENTIAL DEVELOPMENT POTENTIAL with central water available, power, gas, cable all bordering/close to the property. Beautiful Views and plenty of options on this gently sloping 202.65 acre property located just south of Rocker or just 2.5 miles west of Butte, Montana. This would be perfect 1 to 2 acre subdivision with public water is available from Butte Water. Other Development options are make it your own horse property or multiple horse properties. Very attractively priced at $825,000. Call your real estate professional today.
#406537

Butte

tbd Indian Paint Brush Road

None Beds

None Baths

202.65 acres

$825,000

MLS#: 406537

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