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$2,600,000
396781 MLS
Take a look at this historic, investment dream-property in the heart of Paradise Valley, just north of Yellowstone's only year-round entrance. Located just a few minutes from famous Chico Hot Springs and Emigrant, and a short drive to Yellowstone, while also a comfortable distance from Livingston/Bozeman. This property has it all: Breathtaking Montana views nestled near the foot of the Absaroka-Beartooth Wilderness with a dozen or more mountain peaks over 10,000 in sight. This property also has a diverse rental income history, with room to explode rental income by taking advantage of new septic approvals for 8 cabins+ in the 3 acre unzoned field out back, 4 beautiful and modern STR units making excellent income, 1 RV spot, 1 LTR unit, management in place, and a historic and well-known General Store with a solid commercial tenant on month to month lease. This is a property steeped in history of Montana's Wild West and Park County, and was a focal point for the local community in the early 1900's. You can learn more about the town and its previous owners by searching "Last Best Stories Owning Pray". This is a cash-flowing property that has plenty of room to grow, and a diversified income. This property boasts over $300k+ in rental income for 2023, higher projected income for 2024, and with $100k in booked reservations for 2025. The property is composed of 3 brand new Amish built log cabins with 2 beds, 1 bath on crawlspace foundations and outfitted for turnkey STR operations. There is a newish (2008) duplex, updated recently (2019) features 1 outfitted and turnkey STR, and 1 LTR, on slab. Between the cabins and duplex is a US Post Office which draws traffic to the location, and whose lease renews every 5 years. Then, there is the General Store, a historic 1900's icon of Paradise Valley, which has a new lease as of the 3rd quarter of 2024. Tenant will be a bookshop/antique business. And finally, out back, there are an additional 3 acres of unzoned land with septic design approvals for an additional 8 cabins. Or you can redevelop that however you wish! The land out back is really a blank canvas waiting for the next ambitious owner to take the reins, and grow this property's income. PnL, projections, septic designs, and more, available for you and your CPA with a signed NDA and proof of funds. No owner financing. Listing agent has lease a month to month lease on General Store.

1392 E River, Pray
$2,600,000
396779 MLS
Take a look at this historic, investment dream-property in the heart of Paradise Valley, just north of Yellowstone's only year-round entrance. Located just a few minutes from famous Chico Hot Springs and Emigrant, and a short drive to Yellowstone, while also a comfortable distance from Livingston/Bozeman. This property has it all: Breathtaking Montana views nestled near the foot of the Absaroka-Beartooth Wilderness with a dozen or more mountain peaks over 10,000 in sight. This property also has a diverse rental income history, with room to explode rental income by taking advantage of new septic approvals for 8 cabins+ in the 3 acre unzoned field out back, 4 beautiful and modern STR units making excellent income, 1 RV spot, 1 LTR unit, management in place, and a historic and well-known General Store with a solid commercial tenant on month to month lease. This is a property steeped in history of Montana's Wild West and Park County, and was a focal point for the local community in the early 1900's. You can learn more about the town and previous owners by searching "Last Best Stories Owning Pray". This is a cash-flowing property that has plenty of room to grow, and a diversified income. This property boasts over $300k+ in rental income for 2023, higher projected income for 2024, and with $100k in booked reservations for 2025. The property is composed of 3 brand new Amish built log cabins with 2 beds, 1 bath on crawlspace foundations and outfitted for turnkey STR operations. There is a newish (2008) duplex, updated recently (2019) features 1 outfitted and turnkey STR, and 1 LTR, on slab. Between the cabins and duplex is a US Post Office which draws traffic to the location, and whose lease renews every 5 years. Then, there is the General Store, a historic 1900's icon of Paradise Valley, which has a new lease as of the 3rd quarter of 2024. Tenant will be a bookshop/antique business. And finally, out back, there are an additional 3 acres of unzoned land with septic design approvals for an additional 8 cabins. Or you can redevelop that however you wish! The land out back is really a blank canvas waiting for the next ambitious owner to take the reins, and grow this property's income. PnL, projections, septic designs, and more, available for you and your CPA with a signed NDA and proof of funds. No owner financing. Listing agent has lease a month to month lease on General Store.

1392 E River, Pray
$3,495,000
2 Beds ⋅ 2 Baths ⋅ 391797 MLS
Paradise Valley Farm is conveniently located in the most picturesque part of the highly sought-after Paradise Valley, midway between Yellowstone National Park and Livingston, Montana, with 360-degree views. Spanning 152± deeded acres, with a significant portion of the land under pivot irrigation, this farm represents a lucrative investment opportunity for farmers, investors, or somebody looking for the perfect family retreat. The combination of irrigated acres, fertile land, overall land size in two parcels, and strategic location in Paradise Valley is extremely rare. Paradise Valley Farm includes three older ranch homes that have historically been rented out, two historic barns that are ripe for a restoration project, and additional outbuildings. The Absaroka Range, Mill Creek Canyon, and Emigrant Peak form a stunning backdrop to the east and south, offering panoramic views. The property enjoys a picturesque setting, with the Gallatin Range gracing the western skyline. Less than 10 minutes from fishing on the Yellowstone River, with good water rights and breathtaking views in a peaceful and private setting, Paradise Valley Farm offers a great slice of outdoor Montana in the aptly named Paradise Valley.

62 Clark Lane, Pray
$1,325,000
391781 MLS
Paradise Valley Oasis, Cabins, Events with potential Onsite Management opportunity. Nestled in the heart of Paradise Valley, Montana, this unique property offers a blend of income potential and comfortable living space. Ideal for an owner-operator or on-site manager, it features Six charming cabins, perfect for nightly rentals (currently listed on Airbnb with no minimum stay requirement) and offering overflow accommodation for weddings, concerts, or Yellowstone National Park visitors and local visitors to the area. Cabins could also book groups of anglers, hunters, and various other gatherings that could book all cabins and area at once. Each cabin features a queen bed, twin bunk beds, a bathroom, and a kitchenette. This is a prime location, convenient to Yellowstone National Park, Yellowstone River, Chico Hot Springs, Sage Lodge, Pine Creek Lodge Music Venue, Old Saloon Music Venue and entertainment, and Emigrant, MT. Relaxing atmosphere, enjoy breathtaking mountain views while sipping coffee on your private cabin porch or from the covered front porch located on the owner's suite. Live comfortably in a spacious 700 sq. ft. Owner/Manager Suite with a kitchen, living room, bedroom, bathroom/laundry, and covered porch. The suite boasts stunning Absoroka mountain views and an attached garage/shop with high ceilings, double overhead doors, and additional mezzanine storage. The shop has 14' interior ceiling height and 12' OH doors. This versatile property offers the perfect combination of income potential and comfortable living for an owner-operator or on-site manager. A unique property with no zoning, no covenants and designated for residential and/or commercial use. This property isn't limited to its current use offering abundant potential to create a development that thrives. Explore a diverse mix of uses, catering to a wider range of needs. Consider multi-unit dwellings like duplexes, fourplexes, or townhouses. Or potential storage options – a dedicated facility for personal or RV and boat storage could be a lucrative addition, capitalizing on the area's potential for outdoor recreation.

1365 E River Road, Pray
$1,325,000
1 Beds ⋅ 2 Baths ⋅ 391830 MLS
20 Acres, no covenants leads to many possibilities. Current use is for income producing short term rentals, but could be so much more. Build your dream home or continue with short term rentals or do both! Paradise Valley Cabins or Events hosting with opportunity for additional income streams. Nestled in the heart of Paradise Valley, Montana, this unique property offers a blend of income potential and comfortable living space. Ideal for an owner-operator or on-site manager, it features Six charming cabins, perfect for nightly rentals (currently listed on Airbnb with no minimum stay requirement) and offering overflow accommodation for weddings, concerts, or Yellowstone National Park visitors and local visitors to the area. Cabins could also book groups of anglers, hunters, and various other gatherings that could book all cabins and area at once. Each cabin features a queen bed, twin bunk beds, a bathroom, and a kitchenette. This is a prime location, convenient to Yellowstone National Park, Yellowstone River, Chico Hot Springs, Sage Lodge, Pine Creek Lodge Music Venue, Old Saloon Music Venue and entertainment, and Emigrant, MT. Relaxing atmosphere, enjoy breathtaking mountain views while sipping coffee on your private cabin porch or from the covered front porch located on the owner's suite. Live comfortably in a spacious 700 sq. ft. Owner/Manager Suite with a kitchen, living room, bedroom, bathroom/laundry, and covered porch. The suite boasts stunning Absoroka mountain views and an attached garage/shop with high ceilings, double overhead doors, and additional mezzanine storage. The shop has 14' interior ceiling height and 12' OH doors. This versatile property offers the perfect combination of income potential and comfortable living for an owner-operator or on-site manager. A unique property with no zoning, no covenants and designated for residential and/or commercial use. This property isn't limited to its current use offering abundant potential to create a development that thrives. Explore a diverse mix of uses, catering to a wider range of needs. Consider multi-unit dwellings like duplexes, fourplexes, or townhouses. Or potential storage options – a dedicated facility for personal or RV and boat storage could be a lucrative addition, capitalizing on the area's potential for outdoor recreation.

1365 E River Road, Pray
$1,325,000
391698 MLS
Paradise Valley Cabins, currently used as a short term rentals. Live onsite and let the tourists come to you (Established history, 2ns year is business). Nestled in the heart of Paradise Valley, Montana, this unique property offers a blend of income potential and comfortable living space. Ideal for an owner-operator or on-site manager, it features Six charming cabins, perfect for nightly rentals (currently listed on Airbnb with no minimum stay requirement) and offering overflow accommodation for weddings, concerts, or Yellowstone National Park visitors and local visitors to the area. Cabins could also book groups of anglers, hunters, and various other gatherings that could book all cabins and area at once. Each cabin features a queen bed, twin bunk beds, a bathroom, and a kitchenette. This is a prime location, convenient to Yellowstone National Park, Yellowstone River, Chico Hot Springs, Sage Lodge, Pine Creek Lodge Music Venue, Old Saloon Music Venue and entertainment, and Emigrant, MT. Relaxing atmosphere, enjoy breathtaking mountain views while sipping coffee on your private cabin porch or from the covered front porch located on the owner's suite. Live comfortably in a spacious 700 sq. ft. Owner/Manager Suite with a kitchen, living room, bedroom, bathroom/laundry, and covered porch. The suite boasts stunning Absoroka mountain views and an attached garage/shop with high ceilings, double overhead doors, and additional mezzanine storage. The shop has 14' interior ceiling height and 12' OH doors. This versatile property offers the perfect combination of income potential and comfortable living for an owner-operator or on-site manager. A unique property with no zoning, no covenants and designated for residential and/or commercial use. This property isn't limited to its current use offering abundant potential to create a development that thrives. Explore a diverse mix of uses, catering to a wider range of needs. Consider multi-unit dwellings like duplexes, fourplexes, or townhouses. Or potential storage options – a dedicated facility for personal or RV and boat storage could be a lucrative addition, capitalizing on the area's potential for outdoor recreation.

1365 E River Road, Pray
$2,850,000
4 Beds ⋅ 3 Baths ⋅ 391696 MLS
LOCATED ON THE EAST BANK OF THE MAJESTIC YELLOWSTONE RIVER less than 30 miles South of Livingston, MT and 25+/- miles to the North Entrance of Yellowstone National Park at Gardiner, MT rests this beautifully designed custom one level 4 bedroom, 3 bath home with an oversized attached 3 car garage and wrap around deck. The open floor plan is anchored with an attractive gas fireplace, hardwood floors and large windows throughout that make the river and the surrounding mountain views the main focus. The 20+ acres are divided by East River Road providing a nice spot for a guest house or support buildings on the East side. On the West side, the home is gently tucked beneath a hill shielding it from the road. The 600+/- feet of river frontage is an angler’s delight providing unfettered access to fishing on the last undammed river in the lower 48 states. Two long riffle runs adjoin the property’s river bank and provide unlimited opportunities to tempt wily Yellowstone River trout. The current owners named their river front home the “Caddis Shack” after one of the Yellowstone’s legendary insect hatches. The river also encourages a robust wildlife habitat for viewing. This area of Montana provides endless opportunities for recreation, fine dining and entertainment.

494 East River Road, Pray
$1,975,000
3 Beds ⋅ 2 Baths ⋅ 390544 MLS
This beautiful property is nestled in the heart of Paradise Valley, Montana, a well-known place of world class fly fishing, hiking and camping. Conveniently located only 30 miles from the Yellowstone National Park, it opens up a world of opportunities for nature lovers and enthusiasts alike. Additional nearby attractions include Chico Hot Spring, Sage Lodge and numerous Montana FWP Fishing Access sites. On a 20-acre parcel is a lovely and updated 2,150 sq. ft. home with an attached 1,050 sq. ft. insulated garage, a 1,225 sq. ft. shop, private shooting range with a shooters cabin, a 175’ x 75’ fishing pond with a sugar sand beach and a gazebo. Home features stainless steel appliances, central heating and cooling, as well as two wood-burning stoves, Wi-Fi throughout, video surveillance, smoke and motion detectors. Property has no HOAs, it comes with water rights, as well as deeded access to Yellowstone River within a walking distance. Domestic well is 150 gpm (yes, 150 gpm!) It also checks off all of outdoor activities. ATV and horseback riding trails, as well as cross-country skiing trails are all within minutes of your front door. Mountain views are pristine from every corner of this parcel. With the absolute privacy of this residence one can enjoy hundreds of elk and deer, as well as array of bird species that frequent the property. Make this your home or make it a retreat. Possible turn key, furnishings may convey. Schedule your showing right away! Owner is a licensed real estate agent in the state of Montana. OWNER FINANCING POSSIBLE!

680 East River Road, Pray
$1,249,000
389479 MLS
Back On the Market!! Amazing Property with breathtaking views, access to riding trails and the famous Yellowstone River. Paradise Valley Horse Property with a Completely Remodeled Main House and New Guest House. Generate Income, live in one and vacation rental the other. Or, build your dream home while renting out the other 2. Two homes each 2 bed 2 bath 1000 & 1200 sq feet. The main house has been converted from a 3 bedroom to a 2 bedroom to allow for a more spacious kitchen and living room. The septic is permitted for a 3 bedroom so an add on third bedroom is a great option for those needing more room. Amazing views in every direction. Private, end of the road property on just under 5 Acres. Property is fully fenced with 3 separately fenced pastures. Underground Sprinklers on the Lawn and Garden. Main House is 2 bed/2 bath, amazing new kitchen, new flooring, new tiled bathrooms, several new doors and windows. Guest house is a high quality build on separate septic and electric with 2 Beds/2 Bath with laundry. New concrete entry pads on the garage and barn. Detached 2 Car garage with finished drywall . Barn is 2150 sq ft with 12x 50 pole barn attached, and a heated finished tack room. Fenced Garden, with 12 Raised Beds, Chicken Coop. Property is just up the hill from the Chicory Yellowstone River Access. Enjoy riding on the Yellowstone Trail System for miles. Call for a showing today

56 Yellowstone Trail, Pray
$1,249,000
4 Beds ⋅ 4 Baths ⋅ 389322 MLS
Back On The Market! Amazing Property with breathtaking views, access to riding trails and the famous Yellowstone River. Paradise Valley Horse Property with a Completely Remodeled Main House and New Guest House. Generate Income, live in one and vacation rental the other. Or, build your dream home while renting out the other 2. Two homes each 2 bed 2 bath 1000 & 1200 sq feet. The main house has been converted from a 3 bedroom to a 2 bedroom to allow for a more spacious kitchen and living room. The septic is permitted for a 3 bedroom so an add on third bedroom is a great option for those needing more room. Amazing views in every direction. Private, end of the road property on just under 5 Acres. Property is fully fenced with 3 separately fenced pastures. Underground Sprinklers on the Lawn and Garden. Main House is 2 bed/2 bath, amazing new kitchen, new flooring, new tiled bathrooms, several new doors and windows. Guest house is a high quality build on separate septic and electric with 2 Beds/2 Bath with laundry. New concrete entry pads on the garage and barn. Detached 2 Car garage with finished drywall . Barn is 2150 sq ft with 12x 50 pole barn attached, and a heated finished tack room. Fenced Garden, with 12 Raised Beds, Chicken Coop. Property is just up the hill from the Chicory Yellowstone River Access. Enjoy riding on the Yellowstone Trail System for miles. Call for a showing today

56 Yellowstone Trail, Pray
$2,300,000
3 Beds ⋅ 389304 MLS
Location, location, location! A beautiful 28+/- acre-lot with no covenants/deed restriction and located off paved road between Chico Hot Springs and Sage Lodge. A hop, skip, and jump from Yellowstone River and 20 minute drive to Yellowstone National Park northern entrance. Has irrigation water rights and year-round spring fed pond, fruit trees, perimeter fenced, several older outbuildings, private well and septic and older 3 bedroom, 1 bath, 1344 sf home. Well was recently serviced with new water line to home. Emigrant and Chico peaks are right outside your front door along with panoramic mountain views of entire Paradise Valley. Enjoy world-class blue ribbon trout fishing and hunting, snow skiing, hiking, and camping where wildlife abounds. Soak in Chico Hot Springs and enjoy five-star dining in Big Sky Country. Ready for residential and/or commercial development. Buyer to verify all listing information contained herein.

1178 E River Road, Pray
$395,000
389067 MLS
Looking for a place to build your dream home near Yellowstone National Park with year round access and views? Check out this 5 +/- acre lot located in the heart of Paradise Valley! Centrally located about 15 miles from Livingston and 35 miles from Yellowstone National Park this has all the views you could ask for. Water rights to the ditch will transfer for irrigation. Explore downtown Livingston, take a day in the Park, head to Bozeman for an evening or enjoy all the hunting and fishing right outside your door with walking access to the famed Yellowstone river!

TBD Hitching Post Ln, Pray
$2,295,000
388499 MLS
Quality Multi-Family, Multi-Generational, or shared ownership property in Paradise Valley, with on 20 acres with development potential of property. Deed and covenants allow additional residence and two guest homes. There is a fishing/boating easement to access the Yellowstone River. Light Covenants exist, currently no HOA. Bring your animals! There is a fenced coral area with storage/horse sheds. The 4144 sq. ft. Main Home has 2 kitchens, 6 bedrooms, 2 living rooms, a family room, 2 laundry rooms, with 4 bathrooms for Multi-Generational living, Vacation Rental, Staff Housing or a 1031 Investment Property. There are 3 covered log themed porches. The enclosed large fenced area around the home has an above ground pool with large attached deck for outdoor activities and there are many children amusements as well. Enjoy the metal frame/metal truss, metal sided substructure with additional wood sided exterior, adding to the insulation factor of the double insulated exterior walls. Windows are Thermopane with vinyl clad framework. The metal roof is designed to withstand strong winds. An 80 Gallon indirect water heater is attached to an oversized boiler with 4 heating zones. The home is designed for heating efficiency. A 520sqft completely independent caretakers/guest quarters built in 2022 is attached to the three car garage and has an enclosed insulated hot tub room, and a large utility storage room. Enjoy using your own mini bulldozer (included in sale) for winter plowing for the long private driveway that comes with the multi-view property. Yellowstone National Park is 30 miles south, while Livingston is 30 miles north. Schedule a showing today!

682 East River Road, Pray
$2,295,000
6 Beds ⋅ 4 Baths ⋅ 388404 MLS
Quality Multi-Family, Multi-Generational, or shared ownership property in Paradise Valley on 20 acres with development potential of property. Deed and covenants allow additional residence and two guest homes. There is a fishing/boating easement to access the Yellowstone River. Light Covenants exist, currently no HOA. Bring your animals! There is a fenced coral area with storage/horse sheds. The 4144 sq. ft. Main Home has 2 kitchens, 6 bedrooms, 2 living rooms, a family room, 2 laundry rooms, with 4 bathrooms for Multi-Generational living, Vacation Rental, Staff Housing or a 1031 Investment Property. There are 3 covered log themed porches. The enclosed large fenced area around the home has an above ground pool with large attached deck for outdoor activities and there are many children amusements as well. Enjoy the metal frame/metal truss, metal sided substructure with additional wood sided exterior, adding to the insulation factor of the double insulated exterior walls. Windows are Thermopane with vinyl clad framework. The metal roof is designed to withstand strong winds. An 80 Gallon indirect water heater is attached to an oversized boiler with 4 heating zones. The home is designed for heating efficiency. A 520sqft completely independent caretakers/guest quarters built in 2022 is attached to the three car garage and has an enclosed insulated hot tub room, and a large utility storage room. Enjoy using your own mini bulldozer (included in sale) for winter plowing for the long private driveway that comes with the multi-view property. Yellowstone National Park is 30 miles south, while Livingston is 30 miles north. Schedule a showing today!

682 East River Road, Pray
$4,500,000
1 Beds ⋅ 385307 MLS
This is what Montana living is all about. 360 degrees of breathtaking views of Paradise Valley. With Emigrant Peak with all of its majesty staring back at you. Nestled close to Dailey Lake, Chico Hot Springs and Sade Lodge. This land is family owned since early 1900's. 185+ acres of land that hosts Six mile creek along with irrigation ditches. Water rights accompany this beauty. Catch fish in your own backyard as well as watch the Elk, deer and bear wander through. Restore the house back to its original log cabin origin. This Gem is located between historical Livingston and Yellowstone National Park. Buyer to verify all information.

TBD Sixmile Creek Road, Pray