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Dayton
$72,000,000
370696 MLS
Like the cold, clear waters of Flathead Lake, mystique surrounds Cromwell Island. It overlooks the legendary Wild Horse Island, where Salish and Kootenai historically swam their horses to keep them safe from rival tribes. With 348 acres and nearly three miles of shoreline, Cromwell is the largest private island in freshwater west of the Mississippi River that is under a single ownership. The island was purchased in the late 1980s by Robert M. Lee, a renowned automobile and antique arms collector, explorer, author, and conservationist. Before his death in 2016, Mr. Lee and his wife, Anne, partially completed construction on homes including 45,000 square feet of living space. Even in its unfinished state, ''The Villa'' has a magnitude of presence reminiscent of Versailles.

Dayton

TBD 147A, Hardin
$54,000,000
3 Beds ⋅ 3 Baths ⋅ 402651 MLS
The Custer Legacy Ranch provides a rare combination to today’s market. This self-sustaining 23,500+/- acre deeded ranch is a single contiguous block, along with 1,280 acres of state lands lease totaling 24,780 acres. The ranch has extensive water resources, excellent range conditions, productive irrigated fields, and first class hunting for all species. The improvements on the ranch include four homes, one modular and the historic cabin that provide modern living accommodations for employees and guests. The homes have been maintained and updated as needed. Various locations of structures separate the homes and offer privacy for the occupants. There are several outbuildings at the main headquarters that include the following: two open faced buildings that provide protection for farm equipment, a large, heated shop, oil shed, a mill for grinding grains, 6 grain bins totaling 100,000 bushels of storage, a vet barn, a feedlot/working corrals, and scale house. One of the houses is perfectly located along the timbered foothills on the ranch’s western boundary, providing easy access to some of Montana’s finest elk & mule deer hunting. This set of improvements is approximately 7 miles from the other improvements and includes an additional log barn, granary, shop and a steel building. Custer Legacy Ranch offers extensive agricultural opportunities. Boasting eight center pivots, eight-wheel lines, gated pipe, and flood irrigation across 1,100± acres, the high-producing soils cultivate a bountiful harvest of corn, small grains, sugar beets, and alfalfa. The Ranch has extensive water rights that run with the property and also has shares of the Victory Ditch. For the avid hunter, prepare for an exhilarating adventure, pursuing monster bull elk, majestic white-tailed deer, graceful mule deer, swift antelope, pheasants, turkeys, Hungarian partridge, and sharp-tailed grouse. Notably, this ranch is renowned for its world-class waterfowl hunting, setting the stage for thrilling moments in the field. There also has 11 Hunter Blinds strategically placed throughout the ranch. Mature cottonwoods line the famous meandering Bighorn River for miles and fishing adventures are endless. Rarely do we see trophy-caliber ranches like this come to market. The Custer Legacy Ranch has all the desirable features, with unmatched privacy and scenic beauty combined with remarkable conservation and wildlife values.

TBD 147A, Hardin

8950 Chevallier Drive, Helena
$40,000,000
5 Beds ⋅ 2 Baths ⋅ 411736 MLS
Held by the same family since 1871, the Chevallier Ranch represents one of Montana's rare legacy ranch offerings. Encompassing approximately 13,935 deeded acres together with 1,360 acres of State Lease ground, this all-contiguous holding combines productive agricultural land, exceptional wildlife habitat, live water, and outstanding recreational opportunities in one remarkable property. Located just 25 minutes from Helena, Montana's capital city, the ranch offers a rare balance of privacy, scale, and accessibility. Large ranches of this size seldom come to market, particularly those without a conservation easement, providing future ownership flexibility while preserving the ranch's working agricultural foundation and historic character. The ranch supports up to 700 AUs and includes approximately 650 acres of irrigated hay ground complemented by expansive native rangeland, rolling meadows, creek bottoms, timbered draws, and mountain terrain. Strong water resources and diverse landscapes support both livestock production and abundant wildlife. Elk, mule deer, whitetail deer, antelope, black bear, upland birds, and other native species frequent the property. Nearby recreation includes Great Divide Ski Area, Helena National Forest, the Continental Divide Trail, world-class fishing, boating, horseback riding, mountain biking, and snowmobiling. Historic improvements include the original ranch home built in 1890, the iconic Stone House, a ranch hand residence, bunkhouse, horse barn, newer shop, multiple barns, grain storage, sheds, windbreaks, and extensive pipe corrals supporting a well-equipped ranch operation. The Chevallier Ranch is a rare opportunity to acquire nearly 14,000 deeded acres of Montana history, productivity, recreation, and Western heritage in one of the state's most sought-after locations.

8950 Chevallier Drive, Helena

1320 Old Toby Road, Big Sky
$28,500,000
8 Beds ⋅ 8 Baths ⋅ 412437 MLS
Spanning an extraordinary 491± acres in the heart of Big Sky, this private mountain retreat is one of the region's most remarkable legacy properties, offering a combination of scale, privacy, and proximity that is virtually impossible to duplicate. Steeped in history, early 1900s logging roads weave throughout the property, providing year-round access for hiking, horseback riding, mountain biking, ATV adventures, and snowmobiling. In winter, the landscape transforms into a private Nordic paradise with miles of groomed cross-country ski trails winding through your own forest. Surrounded on three sides by Gallatin National Forest and protected conservation lands, the estate enjoys an exceptional level of permanent privacy while supporting an abundance of wildlife, including elk, moose, deer, bears, mountain lions, and bobcats. Perched atop a commanding ridgeline, the handcrafted Canadian cedar log residence was thoughtfully designed to capture breathtaking views of Lone Peak from nearly every west-facing room. Soaring timber beams, natural stone, and expansive walls of glass create a timeless mountain aesthetic while seamlessly connecting the home to its extraordinary surroundings. A full-length entertainment deck stretches across the western façade, providing the perfect setting to enjoy Montana's unforgettable sunsets and sweeping vistas of Lone Peak, the Madison Range, the Spanish Peaks, the Gallatin Range, and even Yellowstone National Park. A detached garage with beautifully finished caretaker's quarters above offers exceptional flexibility for guests, staff, or a private office, complementing the home's thoughtful design and enduring craftsmanship. Despite its remarkable seclusion, this estate is just 10 minutes from Big Sky Resort, Meadow Village, and Town Center, approximately one hour from Bozeman, and just over an hour from Yellowstone National Park. Properties of this caliber are extraordinarily rare. Combining nearly 500 acres of protected wilderness, iconic mountain views, exceptional recreational access, and one of Big Sky's most coveted locations, this is more than a home—it's an irreplaceable Montana legacy waiting for its next steward.

1320 Old Toby Road, Big Sky

Lost Heart Ranch 234 N Ennis Lake Road, Mcallister
$23,500,000
4 Beds ⋅ 4 Baths ⋅ 404797 MLS
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.

Lost Heart Ranch 234 N Ennis Lake Road, Mcallister

13830 (Tract A-D) Cottonwood Road, Bozeman
$21,000,000
401887 MLS
Misty Creek Ranch, a rare jewel nestled in the beauty of Montana's pristine landscape. As you enter the 241 acre community, a winding paved road meanders through towering trees and over the gentle flow of South Cottonwood Creek. Ascending a gentle hill, past the historic granary, the landscape unfolds, revealing panoramic vistas of majestic mountains and sprawling valleys. This land has long served as a habitat for elk and a historical calving site while whitetail deer, native fish, turkeys, mule deer, and a variety of native birds add to the splendor. Your horses and livestock needs are accounted for with a barn, sheds, and a corral. A 3800 sq. ft. guest house is a testament to comfort and convenience. Perfectly located, Misty Creek Ranch is just 20 minutes to downtown Bozeman, 30 minutes to the international airport, and 40 minutes to Big Sky world-class resort. With its unparalleled beauty and boundless potential, this Montana jewel awaits, ready to welcome you home.

13830 (Tract A-D) Cottonwood Road, Bozeman

495 Moffit Gulch Road, Bozeman
$19,900,000
397891 MLS
The Schmidt Ranch offers an unparalleled recreational retreat just 10± minutes from downtown Bozeman, Montana. Spanning 1,598± deeded acres, this property captures the essence of Montana’s rugged beauty with rolling aspen hills, evergreen forests, meadows, and creeks, all with breathtaking views of the Bridger Mountain ridgeline to the north, along with sweeping 360-degree mountain views that complete this scenic landscape. Of the deeded acres, 1,236±-acres are protected under conservation easement with the Gallatin Valley Land Trust, ensuring a legacy of preservation. This easement allows for division into four parcels, each a minimum of 160 acres. Four building envelopes each support the construction of four single-family residences, with four additional guest or caretaker houses, which are ideal for creating your dream retreat or primary residence. The remaining 362± acres outside the easement currently features a modest single-family home built in 1984 with three bedrooms, one bathroom, a half bathroom, and a shed and garage. The Schmidt Ranch is a haven for wildlife enthusiasts, featuring abundant deer, elk, bear, moose, and diverse bird species. The property borders a mile of Forest Service land, expanding access to outdoor adventures, including hunting, fishing, hiking, cross-country skiing, and rock climbing. Strategically located near Kelly Canyon, Moffit Gulch, and Trail Creek Roads, the ranch is just 10± minutes from Bozeman’s amenities, 20± minutes from Bridger Bowl Ski Area, and only 1.5± hours from Yellowstone National Park’s north entrance. The Schmidt Ranch provides a unique opportunity to enjoy natural beauty and abundant recreation close to Bozeman, all within the serenity of a private retreat.

495 Moffit Gulch Road, Bozeman

495 Moffit Gulch Road, Bozeman
$19,900,000
397752 MLS
The Schmidt Ranch offers an unparalleled recreational retreat just 10± minutes from downtown Bozeman, Montana. Spanning 1,598± deeded acres, this property captures the essence of Montana’s rugged beauty with rolling aspen hills, evergreen forests, meadows, and creeks, all with breathtaking views of the Bridger Mountain ridgeline to the north, along with sweeping 360-degree mountain views that complete this scenic landscape. Of the deeded acres, 1,236±-acres are protected under conservation easement with the Gallatin Valley Land Trust, ensuring a legacy of preservation. This easement allows for division into four parcels, each a minimum of 160 acres. Four building envelopes each support the construction of four single-family residences, with four additional guest or caretaker houses, which are ideal for creating your dream retreat or primary residence. The remaining 362± acres outside the easement currently features a modest single-family home built in 1984 with three bedrooms, one bathroom, a half bathroom, and a shed and garage. The Schmidt Ranch is a haven for wildlife enthusiasts, featuring abundant deer, elk, bear, moose, and diverse bird life. The property borders a mile of Forest Service land, expanding access to outdoor adventures, including hunting, fishing, hiking, cross-country skiing, and rock climbing. Strategically located near Kelly Canyon, Moffit Gulch, and Trail Creek Roads, the ranch is just 10± minutes from Bozeman’s amenities, 20± minutes from Bridger Bowl Ski Area, and only 1.5± hours from Yellowstone National Park’s north entrance. The Schmidt Ranch provides a unique opportunity to enjoy natural beauty and abundant recreation close to Bozeman, all within the serenity of a private retreat.

495 Moffit Gulch Road, Bozeman

15816 Cottonwood Road, Bozeman
$19,500,000
4 Beds ⋅ 3 Baths ⋅ 415245 MLS
Yonder Ridge Ranch is 282± acres of secluded Gallatin Valley ranchland, just 12 miles from Bozeman. Offered for the first time in more than 50 years, it's one of the largest unencumbered holdings, free of covenants, deed restrictions, zoning, and conservation easements, to reach the tightly held Bozeman market. The ranch combines irrigated hay ground, open pasture, and timbered creek bottoms, with strong water rights and views of the Spanish Peaks, Gallatin Range, and Bridger Range. It's also great wildlife country with elk, mule deer, whitetail, and upland birds, including a winter and spring herd of several hundred elk that graze the ranch. Land like this doesn't come along often, and for the family that's held it for half a century, it's been more than just ground to run cattle on. A well-built home and outbuildings anchor the property, sheltered on three sides by Yonder Ridge, Harry's Hill, and a raised bench above the Cottonwood Creek bottoms. The ranch sits twenty minutes from Bozeman Yellowstone International Airport and thirty minutes from Big Sky, and suits a working agricultural operation, a private retreat, or an equestrian estate. For the right buyer, it's a chance to put down the same kind of roots. 282± acres in Bozeman, Montana, with dramatic views of the Spanish Peaks, Gallatin Range, and Bridger Range. 140 cropped acres, 140 irrigated and historically farmed in alfalfa, grain, and grass, plus 142± acres of pasture supporting 42 cow/calf pairs or 252 AUMs across a 6-month grazing season. Five recorded water rights including a ¾ share in the West Gallatin Canal Company, with priority dates ranging from 1867 to 1909. Wortman Creek, Trail Creek, and Yonder Creek wind through the property; the West Gallatin Canal forms the northwest boundary, with ditches delivering water throughout. Improvements include a 3,467± square-foot, 4-bedroom, 2.5-bathroom home extensively renovated and expanded in 2012, a 595 square-foot detached two-car garage, and a 1,237± square-foot heated shop and shed. Significant wildlife, including a large winter and spring elk herd, plus mule deer, whitetail, grouse, waterfowl, cranes, and eagles. No conservation easement, deed restrictions, covenants or zoning; just 5 minutes to Gallatin Gateway, 15 minutes to Bozeman, 20 minutes to the airport, and 30 minutes to Big Sky.

15816 Cottonwood Road, Bozeman

15816 Cottonwood Road, Bozeman
$19,500,000
4 Beds ⋅ 3 Baths ⋅ 413241 MLS
Yonder Ridge Ranch is 282± acres of secluded Gallatin Valley ranchland, just 12 miles from Bozeman. Offered for the first time in more than 50 years, it's one of the largest unencumbered holdings, free of covenants, deed restrictions, zoning, and conservation easements, to reach the tightly held Bozeman market. The ranch combines irrigated hay ground, open pasture, and timbered creek bottoms, with strong water rights and views of the Spanish Peaks, Gallatin Range, and Bridger Range. It's also great wildlife country with elk, mule deer, whitetail, and upland birds, including a winter and spring herd of several hundred elk that graze the ranch. Land like this doesn't come along often, and for the family that's held it for half a century, it's been more than just ground to run cattle on. A well-built home and outbuildings anchor the property, sheltered on three sides by Yonder Ridge, Harry's Hill, and a raised bench above the Cottonwood Creek bottoms. The ranch sits twenty minutes from Bozeman Yellowstone International Airport and thirty minutes from Big Sky, and suits a working agricultural operation, a private retreat, or an equestrian estate. For the right buyer, it's a chance to put down the same kind of roots. 282± acres in Bozeman, Montana, with dramatic views of the Spanish Peaks, Gallatin Range, and Bridger Range. 140 cropped acres, 140 irrigated and historically farmed in alfalfa, grain, and grass, plus 142± acres of pasture supporting 42 cow/calf pairs or 252 AUMs across a 6-month grazing season. Five recorded water rights including a ¾ share in the West Gallatin Canal Company, with priority dates ranging from 1867 to 1909. Wortman Creek, Trail Creek, and Yonder Creek wind through the property; the West Gallatin Canal forms the northwest boundary, with ditches delivering water throughout. Improvements include a 3,467± square-foot, 4-bedroom, 2.5-bathroom home extensively renovated and expanded in 2012, a 595 square-foot detached two-car garage, and a 1,237± square-foot heated shop and shed. Significant wildlife, including a large winter and spring elk herd, plus mule deer, whitetail, grouse, waterfowl, cranes, and eagles. No conservation easement, deed restrictions, covenants or zoning; just 5 minutes to Gallatin Gateway, 15 minutes to Bozeman, 20 minutes to the airport, and 30 minutes to Big Sky.

15816 Cottonwood Road, Bozeman

TBD Reese Creek Road, Belgrade
$18,750,000
408280 MLS
Spanning 805± acres and situated in an area rich with homesteading history, the property lies near the original Reese Creek settlement, one of the first agricultural communities in the Gallatin Valley. This historic ranch offers a combination of productive dryland agriculture, significant development flexibility, and unencumbered views of the Bridger Mountains. The landscape is a classic Montana tapestry of cultivated cropland interspersed with native grasses, draws, and pockets of cover. The ranch serves as a sanctuary for area wildlife. The diverse terrain and agricultural food sources support healthy populations of Hungarian partridge, pheasant, white-tailed deer, and antelope. The backdrop is defined by the dramatic peaks of the Bridger Mountain Range to the east and the Spanish Peaks to the south, offering postcard-quality vistas from nearly every vantage point on the ranch. Today, it offers the ultimate balance of rural solitude and urban convenience. Located just minutes from Bozeman-Yellowstone International Airport yet world's away in privacy, the property represents one of the largest remaining contiguous landholdings in the Belgrade area.

TBD Reese Creek Road, Belgrade

#50 One&Only Private Home 30 Kettle Hill Trail, Big Sky
$18,500,000
6 Beds ⋅ 6 Baths ⋅ 407786 MLS
One&Only Moonlight Basin Private Home #50 offers a refined mountain sanctuary defined by architectural excellence and immersive natural beauty. Designed by Olson Kundig, the home reflects a deep respect for its alpine setting through thoughtful materials, orientation, and form. With approximately 5,676 square feet of living space, this six-bedroom residence features expansive interiors bathed in natural light, complemented by warm textures and elevated finishes. Floor-to-ceiling windows frame sweeping views of the surrounding peaks, creating a constant connection to the landscape. The home’s open layout flows seamlessly to outdoor terraces and gathering spaces, ideal for entertaining or enjoying moments of solitude beneath Montana’s vast skies. Every detail is designed to support both everyday comfort and elevated living. Located within the exclusive One&Only Moonlight Basin enclave, this residence offers access to a world of curated amenities, adventure, and personalized service.

#50 One&Only Private Home 30 Kettle Hill Trail, Big Sky

Hamilton
$17,950,000
12 Beds ⋅ 15 Baths ⋅ 412802 MLS
The 270 Ranch at Skalkaho Creek represents a rare opportunity to own one of the Bitterroot Valley's premier recreational and sporting properties. Located within Montana Hunting District 270, the property sits in one of the state's most coveted hunting regions. Renowned for its strong elk populations, quality mule deer habitat, and vast expanses of public land, District 270 consistently attracts serious sportsmen seeking exceptional hunting opportunities. Encompassing 652+ acres and bordering thousands of acres of Forest Service land, the ranch offers unmatched access to some of Western Montana's finest hunting, fishing, and outdoor recreation. More than half a mile of Skalkaho Creek flows directly through the property, creating an exceptional private fishery and providing some of the most sought after fly fishing opportunities in the region. The ranch serves as an ideal base camp for exploring the renowned fisheries, mountain lakes, and streams that make the Bitterroot Valley a destination for sportsmen from around the world. The combination of creek frontage, irrigated meadows, timbered hillsides, and adjacent public land creates exceptional wildlife habitat rarely found in a single offering. At the heart of the ranch sits an approximately 14,000 sq ft executive residence thoughtfully designed for entertaining, retreats, and large gatherings. Featuring eight ensuite bedrooms, eleven bathrooms, a home theater, sauna, hot tub, smart home integration system, and high speed fiber internet, the residence balances luxury living with the rugged beauty of its surroundings. Additional improvements include a fully outfitted event barn with guest accommodations and commercial grade amenities, two rustic cabins, a historic 1915 farmhouse, a large riding arena complete with multiple stables, and a spacious shop providing ample storage for equipment and vehicles. Agricultural operations currently support hay production, pigs, and chickens, providing valuable agricultural tax benefits while maintaining the property's productive character. Whether envisioned as a sporting retreat, legacy ranch, corporate getaway, or private sanctuary, the 270 Ranch delivers an extraordinary combination of water, wildlife, luxury, and direct access to the vast public lands of the Bitterroot Valley.

Hamilton

#18 One&Only Private Home 100A Roosevelt Road, Big Sky
$17,950,000
6 Beds ⋅ 6 Baths ⋅ 412031 MLS
There is a moment when mountains, nature, sweeping vistas and balanced architecture merge perfectly. One&Only Moonlight is built exactly for that moment. Designed by Olson Kundig and set in Big Sky, Montana, this One&Only Private Home holds its ground quietly. Six bedrooms across three levels. Floor-to-ceiling glass that frames treetops, snow-capped peaks, and a long open run to the valley below. The sunsets are unlike any you have seen. What sets this residence apart is what came after the architects. Where the collection is delivered to a single standard, these owners commissioned their own bespoke cabinetry, a fully outfitted pantry with built-in espresso machine, double ovens, second refrigerator and customized cabinetry. They expanded the second entry to include wine storage to envy and completely redesigned an office space that is elegant and sophisticated. The home includes custom furniture, artistic wall coverings, a serious audio-visual package and window treatments. Finishes carefully selected rather than specified. Inside, the spaces are warm and grounded. Hardwood floors underfoot, fireplaces anchoring spaces, and kitchen and living areas designed for the nights when everyone ends up staying home. The primary bedroom sits a floor above, private and still. The lower level adds two family rooms and two bedrooms that walk out onto a patio with hot tub and room to gather. On the main level, an expansive deck carries the living outdoors to ample seating and a built-in grill. Ownership here is two privileges at once. As a O&O Private Homeowner, the full resort is at your disposal: ski-in, ski-out access, the Ski Lodge and gondola to Big Sky Resort, spa, restaurants and curated experiences are elevated to the brand's global standard, with concierge and housekeeping to match. Moonlight Basin Club membership includes golf at The Reserve, the club's Jack Nicklaus Signature course, hailed as one of the best courses in the West. Enjoy a day at Ulery's Lake for paddling, fishing, and long summer afternoons while LakeLodge and Moonlight Lodge, with their pools, dining, and year-round programming, offer activities and amenities for everyone. Miles of private trails threaded through terrain offer an abundance of outdoor activities. Few homes offer this. Fewer still in a setting quite like this. Refined, adventurous, and unmistakably Montana. What remains is the rare chance to take it on as your own.

#18 One&Only Private Home 100A Roosevelt Road, Big Sky

803 River Road, Toston
$17,500,000
4 Beds ⋅ 3 Baths ⋅ 414454 MLS
Positioned along the western bank of the world-famous Missouri River, between the agricultural communities of Toston and Townsend, Corps of Discovery Ranch offers a rare opportunity to own a piece of American history. Evidence suggests that on July 24, 1805, the Corps of Discovery camped on this very ground, part of a journey in search of a passage to the Pacific. Long before Lewis and Clark arrived, the river and its tributaries had already served as vital hunting grounds and trading routes for the Blackfeet, Crow, Salish, and Shoshone. Spanning approximately 2,357 acres, the ranch delivers over 6 miles of Missouri River frontage and 2.5 miles of private spring creek—a combination of history, water, and wildlife habitat unmatched in today’s Western land market. Elk, whitetail deer, pheasants, and waterfowl thrive across its riparian bottoms and sagebrush uplands, while the river itself holds brown trout, rainbow trout, walleye, and northern pike. The ranch is nestled between the Elkhorn and the Big Belt ranges, with Hollowtop Mountain and the Tobacco Root Mountains defining the southern skyline. The ranch is equipped with the practical infrastructure needed to support day-to-day operations, from working corrals, a calving barn and hay and equipment storage to a heated shop and office. The property also includes a main house, a bunkhouse, and two additional residences. It’s readymade to continue as a tremendous cow-calf operation--all while preserving a premier wildlife sanctuary. Corps of Discovery Ranch offers its next owner the rare flexibility to shape a legacy on some of Montana’s most storied ground. Come See for yourself!

803 River Road, Toston

8 West Fork Road, Nye
$17,500,000
3 Beds ⋅ 3 Baths ⋅ 404059 MLS
Nestled in the heart of Nye, Montana, Stillwater River Legacy Ranch is a rare and remarkable offering that is rich in history and epitomizes the beauty and recreational abundance of the Stillwater Valley. Encompassing approximately 712± deeded acres, this property is framed by nature’s finest elements—rugged peaks, winding rivers, fertile meadows, and expansive nearby public lands. A true sanctuary for outdoor enthusiasts and nature lovers, the ranch is surrounded by the stunning Beartooth Mountains and Absaroka-Beartooth Wilderness. This untouched backcountry yields access to world-class hiking, fishing, hunting, and outdoor adventure, right from your back gate and beyond. Stillwater River Legacy Ranch boasts an extraordinary 1.65± miles of the Stillwater River frontage, complemented by 0.7± miles of both sides of the West Fork Stillwater River flowing through the middle of the property. In addition to these significant water features, the property hosts a network of spring creeks that offer outstanding potential for stream restoration and enhancement, creating both ecological value and fly-fishing opportunities. Adding to its rarity, these natural thermal springs that never freeze over flow year-round through the property, enhancing its appeal, utility, and natural wonder. Originally homesteaded in 1896, this working ranch has been owned and operated by the same family for 129 years. It has earned distinction as a Montana Historical Ranch and is a treasured part of the state’s ranching heritage. Agriculturally, the ranch offers a strong and well-balanced operation, featuring 208± acres of irrigated ground and an additional 200± acres of sub-irrigated ground, with ample hay production and the capacity to support a thriving cattle operation through both private and permitted grazing resources. Improvements on the property include three modest homes, a barn, a garage, and four sheds—ideal for supporting an active agricultural lifestyle. Stillwater River Legacy Ranch is ideally situated just 45± minutes from Columbus, 1± hour from the charming town of Red Lodge, and 1.5± hours from the commercial hub of Billings. Whether you’re seeking a private retreat, a working ranch, or a family legacy property, Stillwater River Legacy Ranch offers unmatched natural beauty, abundant flowing waters, historic prestige, and remarkable privacy.

8 West Fork Road, Nye

#48 One&Only Private Home 23 Kettle Hill Trail, Big Sky
$17,000,000
6 Beds ⋅ 6 Baths ⋅ 407785 MLS
Nestled among towering evergreens and expansive mountain vistas, Private Home #48 presents an elevated expression of alpine living. Designed by renowned architect Olson Kundig, the residence is a masterclass in integrating architecture with nature. Spanning approximately 5,676 square feet, this six-bedroom, six-and-a-half-bathroom home offers expansive interiors defined by clean lines, rich materials, and dramatic windows that bring the outdoors in. Thoughtful design details and multiple fireplaces create a warm yet sophisticated atmosphere throughout. Generous gathering spaces open onto terraces and outdoor lounges, providing ideal settings for entertaining or quiet relaxation in every season. The home’s scale and layout offer both privacy and openness, making it equally suited for hosting or retreating. Situated within One&Only Moonlight Basin, Private Home #48 provides access to exceptional resort amenities and bespoke experiences, all delivered with the signature service and discretion of One&Only.

#48 One&Only Private Home 23 Kettle Hill Trail, Big Sky

896 Elk Meadow Trail, Big Sky
$16,685,000
5 Beds ⋅ 7 Baths ⋅ 415094 MLS
Set along the 14th fairway in Spanish Peaks Mountain Club, this custom home puts ski-in/ski-out access and the golf course right outside your door, with big views of the Spanish Peaks as the backdrop. The home has been updated throughout and is sold fully furnished and turnkey, ready to use from day one. The main level centers on an open great room, kitchen, and dining area that flow together, with a private primary suite, an office, and a mudroom built for ski days. Upstairs, a bunk room gives kids and guests their own space. The lower level is made to entertain, with a stone fireplace, a full wet bar, a den, a bonus room, and guest bedrooms that each have their own bathroom. Practical details make the home easy to live in and host in. There are three separate laundry rooms, one on the main level, one in the garage, and one on the lower level, along with a three-car garage and an outdoor sauna. Golf, skiing, and everything Big Sky offers are minutes away, all year long.

896 Elk Meadow Trail, Big Sky

#49 One&Only Private Home 27 Kettle Hill Trail, Big Sky
$16,250,000
6 Beds ⋅ 7 Baths ⋅ 407784 MLS
Private Home #49 is a striking example of modern mountain architecture, thoughtfully designed to honor its dramatic alpine surroundings. Crafted by Olson Kundig, the home blends contemporary design with natural textures to create a residence that feels both bold and timeless. This 6-bedroom, 7-bathroom home spans approximately 5,144 square feet, offering generous living spaces ideal for hosting family and friends. Expansive glass walls frame panoramic views while allowing natural light to pour into the interiors, highlighting refined finishes and warm, inviting details throughout. The open-concept design extends effortlessly to outdoor living areas, creating a seamless transition between interior comfort and the surrounding wilderness. From après-ski gatherings by the fire to summer evenings on the terrace, every space is designed for connection and retreat. As part of the exclusive One&Only Moonlight Basin community, this home offers privileged access to world-class dining, wellness, and outdoor adventure—delivered with unmatched privacy and service.

#49 One&Only Private Home 27 Kettle Hill Trail, Big Sky

TBD Jack Creek Road, Moonlight Territory Parcel 5 Moonlight Territory Parcel 5, Big Sky
$16,000,000
389015 MLS
Welcome to the distinguished Moonlight Territories, a rare haven within one of the country’s last vestiges of pristine mountain wilderness. Poised in the heart of Moonlight Basin, this legacy property unveils breathtaking 360° panoramas, extending from the grandeur of Spanish Peaks to the lofty peaks of Fan and Cedar Mountain, and the iconic Lone Mountain. Distinguished yet embracing, the landscape is adorned with mature evergreens, perfectly framing these awe-inspiring views from every vantage point, cultivating an atmosphere of seclusion that enriches your personal sanctuary. Set in nature, this property is connected by miles of recreational trails traversing the Territories, imparting a sense of being worlds away, all while maintaining close proximity to the unparalleled amenities synonymous with Moonlight Basin and One&Only Moonlight Basin, opening in 2025. From world-class skiing at Big Sky Resort to tee times at the infamous Jack Nicklaus golf course, lake activities, winter pursuits, and so much more. The unspoiled beauty unfolds as far as the eye can see, with over 2,500 acres protected by a perpetual conservation easement. This legacy property stands as a testament to Moonlight Basin's commitment to preservation. Embark on a lifestyle where the unbroken charm of nature seamlessly integrates with the allure of exceptional access and amenities. Territory 5, one of several larger tracts within Moonlight Basin, invites you to experience the unparalleled luxury of living while embracing the beauty of the land.

TBD Jack Creek Road, Moonlight Territory Parcel 5 Moonlight Territory Parcel 5, Big Sky

4475 & 4505 Star Meadows Road, Whitefish
$15,950,000
3 Beds ⋅ 5 Baths ⋅ 412303 MLS
Thirty minutes from Whitefish and nearly surrounded by Flathead National Forest, this 179 acre gated estate represents one of Montana's most compelling and unique configurations. With no neighboring homes in sight, the property delivers the kind of absolute privacy and self-sufficiency that would be difficult to replicate on scale. Designed with grandeur, self-sufficiency, and security in mind, the estate offers seven distinct dwellings, an additional central barndominium-style lodge and a small off-grid cabin, all offered turnkey. At its heart, the masterfully crafted, recently expanded main residence with thoughtfully designed outdoor living spaces makes this home suitable for a variety of use profiles. Six brand-new guest homes provide comfortable, independent accommodations for staff, family, or executive teams. The infrastructure behind this property is equally impressive. Wells, multiple septic systems, backup generators and internet service, with over one million dollars invested in road development, ensure the estate operates reliably and independently. Beyond the buildings, the land itself has been meticulously developed with rolling terrain, mature trees, two spring-fed fish ponds, a professionally built shooting range, gazebos, and large equipment shops. Select ranch equipment and some home furnishings are included in the purchase price. Whether the vision is a legacy family compound, a world-class corporate retreat, or a fully prepared private redoubt for those who value sovereignty and self-reliance, this property is ready to fulfill it immediately, and without compromise.

4475 & 4505 Star Meadows Road, Whitefish

6533 Jackson Creek, Bozeman
$15,800,000
8 Beds ⋅ 5 Baths ⋅ 412244 MLS
Stunning unobstructed views, privacy with an elegant, architecturally designed home just 15 minutes from downtown Bozeman. We feel this is the premier property setting in Bridger Canyon, Gallatin Valley and Southwest Montana. In addition to the 6,000 Sq Ft home include a managers/guest home, insulated shop, a pole barn, green house, chicken coup, and gardening shed. This rare estate balances productive agriculture, refined living, and outdoor adventure, all within easy reach of Bozeman’s cultural and culinary delights. Bridger Canyon Spring Creek Estate is more than a home—it’s a legacy, offering a life of timeless beauty and limitless possibility. Spring Creek (Proffit Creek on older maps) flows along the northern boundary and is a short walk from the trout filled ponds. The still water on the property total over three acres, the largest being well over two acres. See full brochure with maps, photos and detailed information at:

6533 Jackson Creek, Bozeman

3200 Nixon Gulch Road 76 Parcels, Manhattan
$15,500,000
2 Beds ⋅ 1 Baths ⋅ 414184 MLS
1,583 Acres (Comprised of 76+/- Individually Deeded Lots) READY-TO-SELL ON DAY ONE! Packaged Offering with Declarant Rights, Improved Riverfront Parcel, and World-Class Equestrian Center (currently leased). For the first time ever, a legacy opportunity is being offered inside the renowned Gallatin River Ranch—an established 5,900+/- acre luxury residential ranch community outside Bozeman in the Horseshoe Hills of southwest Montana. The original developer is ready to “hang up his spurs”, packaging his reserved lots along with declarant rights, and offering this package at approximately 50% of current market value. The majority of lots offered have never been on the market before, and are adjacent to 100+/- high end residences throughout GRR's previously sold parcels (many residences reside on multiple parcels). This unparalleled offering includes 1,583+/- acres in total (1,180+ contiguous acres), a 37± acre improved riverfront holding (two parcels combined) with direct Gallatin River frontage adjacent to 270 acres of Fish & Wildlife Parks Land, a private boat launch, established picnic area, mature landscaping, and an attractive sales office positioned perfectly for continued operations or future conversion. The offering further incorporates the Gallatin River Ranch Equestrian Center, a true world-class facility on 60+/- acres, featuring event ready indoor and outdoor arenas, round pens, multiple barns, boarding stables, and the full complement of structures needed to serve a premier equestrian lifestyle community. This is an excellent opportunity for lifestyle focused investors, developers, and builder partners seeking immediate lots to improve, sell, put into conservation or hold long term. Multiple parcels, addresses, and legal descriptions apply. PRIVATE DEVELOPMENT: No drive by's please. Address shown in MLS is for identification purposes only. Additional details and full marketing packet available upon request.

3200 Nixon Gulch Road 76 Parcels, Manhattan

3000 Nixon Gulch Road 76 Parcels, Manhattan
$15,500,000
408113 MLS
76+/- Individually Deeded Lots READY-TO-SELL ON DAY ONE! Packaged Development Offering with Declarant Rights, Improved Riverfront Parcel, and World-Class Equestrian Center (currently leased). For the first time ever, a legacy opportunity is being offered inside the renowned Gallatin River Ranch—an established 5,900+/- acre luxury residential ranch community outside Bozeman in the Horseshoe Hills of southwest Montana. The original developer is ready to “hang up his spurs”, packaging his reserved lots along with declarant rights, and offering this package at approximately 50% of current market value. The majority of lots offered have never been on the market before, and are adjacent to 90+ high-end residences throughout GRR's previously sold parcels (many residences reside on multiple parcels). This unparalleled offering includes 1,583+/- acres in total (1,180+ contiguous acres), a 37± acre improved riverfront holding (two parcels combined) with direct Gallatin River frontage adjacent to 270 acres of Fish & Wildlife Parks Land, a private boat launch, established picnic area, mature landscaping, and an attractive sales office positioned perfectly for continued operations or future conversion. The offering further incorporates the Gallatin River Ranch Equestrian Center, a true world-class facility on 60+/- acres, featuring indoor and outdoor arenas, round pens, multiple barns, boarding stables, and the full complement of structures and equipment needed to serve a premier equestrian lifestyle community. This is an excellent opportunity for lifestyle-focused investors, developers, and builder partners seeking immediate lots to improve, sell, or hold long term. Multiple parcels, addresses, and legal descriptions apply. PRIVATE DEVELOPMENT: No drive by's please. Address shown in MLS is for identification purposes only. Additional details and full marketing packet available upon request.

3000 Nixon Gulch Road 76 Parcels, Manhattan

176 Martingale Fork Unit 11, Big Sky
$15,250,000
6 Beds ⋅ 8 Baths ⋅ 411911 MLS
Located within the prestigious private gates of Spanish Peaks Mountain Club, Residence 11 was featured in the January 2026 edition of The Wall Street Journal as one of Big Sky's premier luxury properties. One of only 15 exclusive Montage Mountain Homes ever developed, this extraordinary residence stands apart as a truly exceptional offering, uniquely positioned to capture sweeping mountain vistas while providing coveted ski-in/ski-out access. Spanning 5,515 square feet, this meticulously designed six-bedroom residence seamlessly blends refined mountain elegance with world-class craftsmanship. Each bedroom features a private ensuite, creating luxurious accommodations for family and guests alike. The main level is defined by expansive timber beams with steel accents, tongue-and-groove ceilings, and a dramatic floor-to-ceiling fireplace where stone and steel are masterfully combined to create a striking architectural focal point. The chef's kitchen is designed to accommodate gatherings both intimate and grand, while rich architectural details elevate every space. Venetian plaster wall finishes, custom Holly Hunt and Phillip Jeffries wall coverings, bespoke draperies, and integrated Lutron automated window treatments reflect an uncompromising commitment to quality and design. Expansive glass doors open to a spacious upper deck, seamlessly extending the living space outdoors & creating an extraordinary setting for entertaining against a backdrop of breathtaking mountain scenery. The lower level offers an inviting family room complete with a wet bar and direct access to a private outdoor living area featuring a spa—the perfect retreat after a day on the slopes. Every element of the residence has been thoughtfully curated, featuring exquisite furnishings, fixtures, and finishes sourced from some of the world's most celebrated luxury designers and artisans. The interiors are distinguished by custom Hermès dining chairs, bespoke Holly Hunt and Ochre chandeliers, and an exceptional collection of furnishings from Roche Bobois, Hermès, and Luminaire. Beautifully appointed and meticulously maintained, Residence 11 presents a rare turnkey opportunity within Spanish Peaks Mountain Club. A remarkable offering for the discerning buyer who appreciates extraordinary quality, distinctive design, and the finest elements of luxury mountain living.

176 Martingale Fork Unit 11, Big Sky

TBD Jack Creek Road, Moonlight Territory Parcel 2 Moonlight Territory Parcel 2, Big Sky
$14,500,000
404852 MLS
An extraordinary opportunity to claim 276 acres of untamed alpine beauty in the private Moonlight Territories at Moonlight Basin — a rare holding in one of Big Sky, Montana’s most exclusive and conservation-minded enclaves. Tucked behind a gated entrance and bordered by over 2,500 acres of protected wilderness, Moonlight Basin Territory 2 offers sweeping 360-degree views of Lone Mountain, the Spanish Peaks, Fan Mountain, and Cedar Mountain. This is one of the last remaining parcels of its scale — where the majesty of the landscape meets the privilege of proximity. Here, the terrain unfolds in a stunning tapestry of old-growth evergreens, wildflower meadows, and soaring ridgelines — creating a natural sanctuary that offers both seclusion and inspiration. With multiple homesite options and access to private recreational trails reserved solely for Moonlight owners, Territory 2 is an invitation to design a multi-generational retreat that honors the land while offering every modern luxury. Just minutes away are the acclaimed slopes of Big Sky Resort and the forthcoming One&Only Moonlight Basin — a five-star alpine resort redefining luxury in the Northern Rockies. Ownership also grants eligibility for membership in the private Moonlight Club, including access to the Jack Nicklaus Signature Golf Course, Ulery’s Lake, world-class dining, wellness facilities, and ski-in/ski-out terrain spanning over 5,800 acres. As one of the largest privately held properties in Big Sky, Territory 2 is more than a land acquisition — it is a legacy in the making. This is a place to build not only a home, but a family haven, a living memory. A place where mornings begin with alpine light breaking over Lone Mountain, and generations gather beneath wide Montana skies. For those who seek enduring beauty, meaningful privacy, and the rare chance to craft something timeless, Territory 2 offers a singular opportunity to invest in land that lives on — in purpose, in story, and in spirit.

TBD Jack Creek Road, Moonlight Territory Parcel 2 Moonlight Territory Parcel 2, Big Sky

5730 Jackson Creek Road, Bozeman
$14,450,000
2 Beds ⋅ 2 Baths ⋅ 411128 MLS
The ultimate Bridger Canyon legacy property: 83 acres, two legal parcels, one established residence, and a second parcel poised for a future dream home. Grouse Creek Ranch is a rare Bridger Canyon retreat designed for those who want luxury living, mountain views, and serious equestrian infrastructure in one place. Set on 80± acres with sweeping views of the Bridger Mountains, the property pairs a 3,051 SF mountain rustic home with private horse and livestock facilities that are truly hard to replicate. Designed by Miller Roodell and built by SBC in 2019, the home blends reclaimed log, stacked stone, warm wood tones, and refined finishes throughout. The entry opens into cozy sitting rooms anchored by a wood-burning fireplace, while the kitchen was built for gathering with an oversized center island, corner dining nook, Wolf 6-burner dual oven range, dual sinks, wine refrigerator, Norsk Kleber wood stove, and sliding doors leading to the covered patio with a wood-burning fireplace and built-in grills. The primary suite offers a retractable TV, dual walk-in closets, laundry room, spacious bath with a large walk-in tile shower, and a peaceful screened porch overlooking the pond and Bridger Mountain views. A guest bedroom, 3/4 bath, living room, and oversized attached 2-car garage with epoxy floors, storage cabinets, workbench, and beverage fridge complete the home. The equestrian facilities are equally impressive, led by a heated 90’ x 175’ indoor riding arena with waxed sand footing, four stalls with outdoor runs, wash and tack rooms, and a lounge with kitchenette, Miele espresso maker, 3/4 bath, and laundry. Additional amenities include a livestock barn, eight paddocks with loafing sheds and auto-waterers, a 60’ round pen, hay and tractor storage, and a greenhouse. Grouse Creek Ranch is a polished, highly functional Montana property where mountain living and equestrian life meet at a level rarely found in Bridger Canyon.

5730 Jackson Creek Road, Bozeman

300 Desert Lodge, Coram
$14,000,000
6 Beds ⋅ 6 Baths ⋅ 414089 MLS
Green Valley Ranch, situated on the doorstep of Glacier National Park, this 477±acre ranch has served as a private family retreat and commercial wedding/event venue under current ownership. With a sleeping capacity of 24 guests in a rustic yet elegant compound including a lodge, a guest home, and a caretaker’s residence, a new owner may wish to continue operations or reserve the use exclusively for family and friends. The ranch has an attractive mix of meadows and vast forests in a diverse topography. Clean water and crisp, invigorating air are abundant here in the “Crown of the Continent,” a region considered one of the most diverse, intact ecosystems on our planet. A full array of services, including an international airport, are within 30 minutes of the property’s front gate.

300 Desert Lodge, Coram

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