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$995,000
411369 MLS
Escape to your own private slice of Southwest Montana with this rare 30-acre retreat tucked beneath the breathtaking Lima Peaks. Surrounded on three sides by U.S. Forest Service land, the property offers unparalleled access to thousands of acres of pristine wilderness—perfect for hunting, horseback riding, hiking, and year-round outdoor recreation. Rich in Montana character, the property features a rustic one-room homestead cabin, a classic log barn, and horse corrals, creating an ideal setting for a recreational getaway, hunting basecamp, or future homestead. Natural water amenities include the seasonal Middle Fork of Little Sheep Creek and two developed springs, adding both scenic beauty and practical value. Adventure begins right outside your door, with the nearby Middle Fork Trailhead providing access to some of Montana’s premier hiking, hunting, and riding country. For many years, the property served as the base for a successful outfitting business and packing school, highlighting its exceptional location and usability for backcountry recreation. The area is steeped in history and natural heritage, with ancient Shoshone-Bannock petroglyphs nearby and a homestead entry survey dating back to 1917. Seasonal public access restrictions from December 15 through May 15 help preserve critical elk habitat and contribute to the property’s remarkable privacy and seclusion. Conveniently located near the rural community of Lima, Montana, the property is just one hour from Dillon and approximately 90 minutes from the Idaho Falls airport. Whether you’re searching for a secluded mountain retreat, an equestrian property, a hunting haven, or the ideal place to build your Montana dream, this one-of-a-kind acreage offers a rare opportunity to own an authentic piece of the West. Call today for more information or to schedule a private showing.

1855 Middle Fork Little Sheep Creek Road, Lima
$95,000
410227 MLS
Discover the perfect opportunity to own a slice of Southwest Montana in the quiet, rural community of Lima, Montana. This approximately 0.40-acre parcel offers an ideal setting for building your cabin home or recreation getaway. Nestled in scenic Beaverhead County, the property provides open space, fresh mountain air, and stunning views of the surrounding ranges. Enjoy the peaceful small-town atmosphere while still having convenient access to nearby outdoor recreation, including hunting, fishing, hiking, and ATV trails. The area is known for its wide-open landscapes and proximity to some of Montana’s best natural attractions - including the outstanding Centennial Valley. With manageable acreage, this lot is easy to maintain while still offering enough space for a home, shop, or recreational use. Whether you're looking to build, invest, or simply own land in Big Sky Country, this property presents an affordable and versatile option.

Lots 1-7 Red Rock Road, Lima
$249,000
3 Beds ⋅ 2 Baths ⋅ 409833 MLS
Large 4 lot parcel with over 1/2 acre in Lima, MT. 1998 Manufactured home has been well loved and very well cared for. Enclosed porches on both the front and back of the home almost doubling the square foot under roof providing many options from relaxation, hobbies, storage and more. There is plenty of storage inside and out with a greenhouse, a utility shed and garage/shop. This property offers income potential with hook-ups for 3 RV'S or just utilize for your family and friends. This property was once a showplace and could be again with just a little TLC. Home has 3 bedrooms and 2 baths. If you are looking for a smaller parcel, this spacious lot may be split into two smaller homesites. The city water supply comes from a wonderful spring less than a mile from town. Lima is a small friendly, quiet town where folks are neighborly and watch out for each other. There is a K-12 school, several churches and one of the best steak houses in Montana. Major shopping is usually in Dillon, Idaho Falls, Butte or Bozeman. With beautiful mountain views, this area is renown for outdoor recreation including hunting, fishing, biking, hiking, or scenic drives. Lima is officially a " Continental Divide Trail Gateway Community." Sum it up by saying, this property is the best bang for your buck. It has 2 city water connection and consists of 4 city lots that can be divided, has 3 RV hook-ups for income or family and friends, a well maintained home with large enclosed porches on both the front and back plus a beautiful yard with lots of trees and perennials. Additional highlights include the public use airport in less than 10 miles away in Dell, MT, great fishing and hunting nearby, along with hiking, biking and snowmobiling to name a few. Within blocks of one of the best steakhouses in the state. There is a critical access hospital within 60 miles. Lima is such a friendly and accepting town and it is easy to get to good shopping on I 15, both north and south.

514 N Harrison Street, Lima
$215,000
407706 MLS
Looking for a place to enjoy small-town life in Southwestern Montana? This vacant lot in Lima, Montana (population 200+) sits just off Harrison Street and offers easy access to some incredible scenery and outdoor recreation. Lima is tucked below the Lima Peaks and the Tendoy Mountains, with nearby summits reaching over 10,000 feet. Fishing enthusiasts will love the Red Rocks River and Clark Canyon Reservoir, while hunters will appreciate the area’s reputation—especially for elk. Wildlife is abundant, including bighorn sheep, moose, antelope, and deer, and the Beaverhead-Deerlodge National Forest is only minutes away. Birdwatchers can enjoy trumpeter swans, sandhill cranes, and many migratory species at the Red Rocks National Wildlife Refuge, part of the greater Yellowstone Ecosystem. If you enjoy the outdoors and the relaxed pace of small-town Montana, give us a call for more details.

TBD N Harrison, Lima
$165,000
2 Beds ⋅ 1 Baths ⋅ 405876 MLS
Take a look at this charming home! The perfect fit for those who are looking for a cozy and warm place to call home or an outdoor enthusiast's cabin. Located in the quaint town of Lima where you can take in peace and quiet while absorbing natures beauty as well as take part in some of the best hunting, fishing, hiking and camping all at your fingertips! It features 2 bedrooms and 1 bathroom, kitchen/dining area, living room complete with a wood burning stove, and bonus room off the front entry. An approx. 22'x22' dry hunting cabin with electricity and heat (wood & gas) along with an attached tack room and two storage sheds accompany this property. The fenced 10,000+ sq. ft. lot offers an abundance of space for outdoor activities, family gatherings and your furry friends. Lima is a short commute to Idaho Falls, ID or Dillon, MT for more shopping, groceries and entertainment. Don't miss the opportunity to own a home in a quiet, peaceful rural Montana town with great mountain views – call today to schedule your private showing!

322 S Main Street, Lima
$595,000
2 Beds ⋅ 2 Baths ⋅ 404756 MLS
This beautifully manicured 9 acres located in Lima, MT allows all the amenities of living in the city limits but still instills a very private feel. A beautiful two bedroom two bathroom home adorns this landscaped property. Several out builds offer storage, parking and a place to get your animals out of the weather, making it a perfect little horse property. Lima is a small town 45 miles south of Dillon, MT and approximately 90 miles north of Idaho Falls, ID which has all amenities including commercial air service. Lima has some amenities including restaurants, gas and rural fire department. Lima is located in an area famous for outdoor recreation. Surrounded by some of the best hunting, fishing, camping, and winter recreation, the property offers access to endless miles of public forest and BLM acres. The Red Rock and Beaverhead Rivers are within minutes drive from Lima.

485 N Main, Lima
$399,000
404468 MLS
The beautiful 26.24 acre property is located on the Middle Fork of Little Sheep Creek. If you are in love with the outdoors, this property is a dream come true. Bordered on two sides by National Forest and in an area known for excellent hunting, camping, fishing and hiking, you are perfectly situated to walk off your property directly into hundreds of thousands of public acres. The Lima Peaks are some of the most majestic in Montana and have a reputation for excellent elk and deer hunting. Parcels like this are far and few between.

2647 Middle Fork Little Sheep Creek, Lima
$1,750,000
403116 MLS
Tucked deep in Montana’s Centennial Valley, Elk Lake Resort presents a rare chance to own a legacy hospitality business in one of the most unspoiled and wildlife-rich settings in the West. Surrounded by sweeping views, endless skies, and abundant big game, the resort’s business, buildings, and infrastructure are now offered for sale—completely turnkey and ready for the next chapter. Operating seasonally, the resort currently offers all-inclusive lodging, dining, and outdoor recreation to guests seeking the ultimate off-grid experience. The property includes multiple cozy guest cabins, a spacious ranch house, a fully equipped main lodge with a full-service bar, commercial kitchen and dining area, outbuildings, staff quarters, and on-site amenities like a private dock and watercraft for guests. Known for its intimate atmosphere, warm hospitality, and connection to nature, Elk Lake has become a sought-after destination for families, fly-fishermen, wedding parties, and retreat groups looking to unplug and recharge. That said, the possibilities go well beyond the current business model. With its remote location, strong infrastructure, and access to thousands of acres of public land, this property could easily be transformed into a basecamp for hunting outfitters, a seasonal retreat center, or a private hospitality venture. Whether you want to continue its decades-long tradition of summer lodging and dining, or reimagine it as a destination for sportsmen and backcountry adventure, the foundation is already in place. This is more than a business—it’s a lifestyle. A place where days are defined by sunrises over the lake, the sound of elk bugling in the fall, and evenings spent under a sky full of stars. If you've been waiting for the right moment to step into a meaningful, Montana-based venture with history and heart—this is it.

5200 Elk Lake Road, Lima
$340,000
3 Beds ⋅ 2 Baths ⋅ 400709 MLS
Lima offers one of the friendliest hometown experiences a person can live in! This is an opportunity for rural living in beautiful SW Montana at its best. The views of the Lima Peaks are breathtaking right from the front porch of this 2021 home, one of the newest houses in Lima. Lima is in the middle of amazing hunting, fishing, camping, horseback riding and limitless other outdoor activities. The city water in Lima is spring fed! This home is like new and the yard is well manicured with new fence and gravel covered drive ways. This property is 4 city lots with over a 1/2 acre. The home has 3 bedrooms, 2 full baths, an open plan all on a single floor with lots of natural lighting through the many windows. Lima is just off of I-15 and is a short 40 minutes to Dillon or approximately 1 hr and 20 minutes to Idaho Falls, Idaho to the South. This really is a dream escape to a peaceful Montana lifestyle that can only be appreciated with a visit. Call today to schedule a showing.

115 W 4th Avenue, Lima