Lima Real Estate

This incredible horse property in Lima, Montana is one of the most uniques properties in southwest Montana. Comprised of 11.5 acres which are fenced into three separate pastures which are all split rail, page wire and barbed wire. These pastures are equipped with a double drink heated waterer for those days and nights when below freezing. The beautiful home was constructed in 1910, updated over time and contains two bedrooms and two full bathrooms. The home is heated by forced air but supplemented by a wood burning stove to keep the heating bills to a minimum. The yard and landscaping are perfectly manicured with mature trees and a new under ground sprinkler system. The property also contains outbuildings for storage, livestock and shop space. Lima is a quaint little town 45 miles south of Dillon, MT. Lima has most amenities including gas, small convenience store, restaurant, rural fire department and ambulance service. Only 94 miles to the south lies Idaho Falls which has all amenities included commercial airport. Dillon, a short 45 mile drive up I-15 has all amenities outside of commercial air service. The area surounding Lima is famous for excellent hunting, fishing and other outdoor opportunities.

485 N Main, Lima

Courtesy of Keith Handlos with 18 Land Company.

$155,000

414337 MLS

Looking for a nice, level lot with excellent views of the Lima Peaks and room for a few horses or 4-H projects? This 5 acre parcel might be just right. Located 1/2 mile north of the friendly town of Lima, this parcel is fully fenced, ready for your four legged critters. Current owner placed 50 amp service on the lot. Septic & well locations have been approved and platted with fiber optic available as well. The town of Lima is close to some of the best recreational opportunities in Southwest Montana including hunting, fishing, hiking, side-by-side and camping. Come have a fabulous steak at The Peat and check it out for yourself. Lima is a major stop along the Continental Divide Trail - only 50 miles from Dillon and an hour & 45 minutes to Butte or Idaho Falls. It's hard to find a more welcoming community combined with these Big Sky Views!

TBD Peaks View Drive, Lima

Courtesy of Angela Macdonald with Angela Macdonald Real Estate.

$220,000

1 Beds ⋅ 1 Baths ⋅ 30077019 MLS

HOME/PROPERTY BACK ON MARKET TO NO FAULT OF THE PROPERTY! - Full of character and offering a unique combination of residential comfort and versatile workspace, this Lima property is ready for its next chapter. The 1-bedroom, 1-bath home features a rustic Montana feel throughout, with exposed log accents, warm wood finishes, a spacious living area, wood stove, and distinctive stonework including a walk-in shower. The kitchen is open to the main living space and offers generous room for everyday use, while large windows bring in natural light and views of the surrounding landscape. Outside, the property includes a substantial shop/outbuilding that adds considerable utility. The main shop area has a dirt floor and ample room for storage, recreational equipment, projects, or workshop use. One section has been improved with drywall, finished flooring, and electrical service, creating flexible space that may lend itself to a hobby room, office, guest area, or potential future conversion subject to buyer verification and applicable approvals. The property is connected to city water while utilizing a private septic system, offering a practical blend of municipal service and independent infrastructure. With its metal-roofed home, rustic finishes, large outbuilding, and flexible bonus space, this property presents a compelling opportunity for a buyer looking for something a little different in Lima. Bring your ideas and make this distinctive property your own.

400 Blaine Street, Lima

Listing courtesy of Listing Agent: Joe Cary | joe.cary@lptrealty.com from Listing Office: LPT Realty.

$659,000

414164 MLS

There are properties that offer acreage, and there are properties that offer a connection to something much larger. Bean Creek Homestead is one of those rare places. Located in Montana’s Centennial Valley, this 286.3 +/- acre property combines live water, access to expansive public country, wildlife habitat, working-land heritage, and more than a century of family stewardship. Homesteaded in 1911, the property has remained within the same family for approximately 115 years. Today, it presents an opportunity for a new owner to carry that legacy forward. The property is subject to a perpetual conservation easement held by The Nature Conservancy that prohibits residential development and subdivision and restricts certain other land uses, while allowing compatible agricultural and recreational activities. The full Conservation Easement is available upon request.

TBD S Valley Road, Lima

Courtesy of Chance Bernall with Beaverhead Home and Ranch RE.

1855 Middle Fork Little Sheep Creek Road, Lima

$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

Courtesy of Pam Neumeyer with Venture West Realty.

$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

Courtesy of Pam Neumeyer with Venture West Realty.

$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 can be split after closing. 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 renowned 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 after closing, 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

Courtesy of Corinne Welborn with Best of The West Properties.

$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

Courtesy of Pam Neumeyer with Venture West Realty.

$1,750,000

30054834 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

Listing courtesy of Listing Agent: Nick Dodge | nick.dodge@engelvoelkers.com from Listing Office: Engel & Völkers - Butte.

2647 Middle Fork Little Sheep Creek, 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

Courtesy of Keith Handlos with 18 Land Company.

$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

Courtesy of Riley Ogden with Engel & Volkers - Butte.

$320,000

3 Beds ⋅ 2 Baths ⋅ 403967 MLS

Enjoy the peace and serenity of country living with all of the comforts of a newer home and an insulated 32x24 foot garage. This amazing property is located in the friendly SW Montana town of Lima and has so much to offer. A 3 bed 2 bath home built in 2016 with over 1,200 square feet in an open floor plan with lots of natural lighting. A welcoming wood stove in the living room creates the perfect ambience for those frigid winter nights and supplements the propane forced air heat for efficient living! A perimeter fenced yard with incredible views and thoughtful landscaping includes a stamped concrete patio perfect for a hot tub and fire pit. There is another 16x12 foot shed in the backyard for more storage space. Above ground sprinklers in the backyard and drip lines for the front yard keep this well manicured oasis lush and green. This home has been well cared for and is located in the middle of prime hunting, hiking, fishing, cycling, horse back riding, snowmobiling and more! Your friends and family will enjoy coming to visit and there is also power and water for RV hookup in the drive way. Escape to a quiet, comfortable lifestyle with the slower pace we all yearn to enjoy. Lima has the necessary amenities and is situated approximately 45 minutes south of Dillon, Montana and 1 hour 20 min north of Idaho Falls, Idaho. Call for a showing to truly appreciate what this listing has to offer.

950 N Harrison Street, Lima

Courtesy of Dyle Stoddard with Beaverhead Home and Ranch RE.

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