North Forty Real Estate

The Drift at North Forty presents a rare opportunity to acquire a partially completed luxury residential development with significant remaining upside in the heart of Montana's Madison Valley. Unlike a traditional land offering, the Property combines completed infrastructure, municipal utility approvals, and existing income-producing assets with substantial future development potential, providing a de-risked platform for value creation. Located within the North Forty master-planned community in Ennis, Montana, the offering includes eight completed luxury condominium residences that have established the project's architectural identity and demonstrated demand for high-quality residential product. Beyond the existing residences, the Property offers the opportunity to develop additional luxury residential units, higher-density multifamily housing, boutique hospitality, or a thoughtfully integrated mixed-use concept, subject to applicable approvals and a purchaser's due diligence. Existing roads, utilities, and horizontal infrastructure significantly reduce entitlement risk, development timelines, and capital requirements compared to a typical greenfield project, allowing an investor to focus on executing the next phase of development. Positioned approximately one hour from both Yellowstone National Park and Big Sky Resort, Ennis has emerged as one of Montana's most desirable recreation markets. Anchored by the world-renowned Madison River, the area attracts year-round visitors and residents seeking exceptional fly fishing, hunting, hiking, skiing, and mountain recreation. Continued population growth, increasing tourism, and limited luxury housing inventory have created strong demand for high-quality residential and hospitality product. Whether completed as a luxury condominium community, expanded into a higher-density residential project, developed as a boutique hospitality destination, or executed through a phased mixed-use strategy, The Drift offers multiple paths to unlock value. With completed improvements already in place, existing market validation, and meaningful remaining development capacity, the Property represents a unique opportunity to acquire a premier development platform in one of Montana's most supply-constrained and desirable mountain communities.

450 Loomis Way & 420 Sage Avenue, Ennis

$170,000

410951 MLS

Prime duplex lot in Ennis’s sought-after North 40 subdivision—close to downtown, schools, shops, dining, and everyday amenities. Infrastructure for city water, sewer, power, and streets is in place, streamlining your build and accelerating timelines. Ennis offers small-town charm with big-sky appeal: world-class fly fishing on the Madison River, panoramic Madison Range views, vibrant local shops and eateries, a strong arts and events scene, quality schools, medical services, and quick access to year-round recreation—hiking, hunting, skiing, and Yellowstone excursions. Consistent rental demand and a welcoming community make this an excellent investment or live-in/lease opportunity.

Lot 11 Oval Avenue, Ennis

$1,399,000

413800 MLS

Investor Alert: Rare New-Build Triplex in the Heart of Ennis, Montana – High-Demand Rental Market with Exceptional Features. This is a unique opportunity to own a newly constructed (2023) triplex in the fast-growing and highly desirable town of Ennis, Montana—just minutes from downtown and the world-renowned Madison River. With low inventory and high demand for quality rentals in the area, this turnkey investment is positioned to deliver strong, reliable cash flow from day one. Each of the three spacious units offers a 3-bedroom, 2.5-bathroom layout across two well-designed stories. Tenants enjoy open-concept living on the main floor—featuring a welcoming living room, modern kitchen, guest half-bath, and laundry—while all bedrooms and full baths are privately located upstairs. These units are among the largest available rentals in Ennis. What truly sets this property apart for investors is the rare combination of large garages and abundant off-street parking—a major draw for long-term tenants and outdoor enthusiasts with trucks, boats, trailers, or recreational gear. These features significantly boost rental appeal and allow you to command premium rental rates compared to standard multifamily properties. Additional high-value amenities include central A/C, fully sodded lawns, and an underground sprinkler system, making this a low-maintenance, high-performing asset. With Ennis growing in popularity among both locals and remote workers seeking small-town charm and big recreation, this property offers excellent long-term upside and immediate income potential. Whether you’re expanding your portfolio or entering a stable, high-demand market, this triplex checks every box for a smart investment.

302 Vujo, Ennis

$5,900,000

413036 MLS

The Drift at North Forty presents a rare opportunity to acquire a partially completed luxury residential development with significant remaining upside in the heart of Montana's Madison Valley. Unlike a traditional land offering, the Property combines completed infrastructure, municipal utility approvals, and existing income-producing assets with substantial future development potential, providing a de-risked platform for value creation. Located within the North Forty master-planned community in Ennis, Montana, the offering includes eight completed luxury condominium residences that have established the project's architectural identity and demonstrated demand for high-quality residential product. Beyond the existing residences, the Property offers the opportunity to develop additional luxury residential units, higher-density multifamily housing, boutique hospitality, or a thoughtfully integrated mixed-use concept, subject to applicable approvals and a purchaser's due diligence. Existing roads, utilities, and horizontal infrastructure significantly reduce entitlement risk, development timelines, and capital requirements compared to a typical greenfield project, allowing an investor to focus on executing the next phase of development. Positioned approximately one hour from both Yellowstone National Park and Big Sky Resort, Ennis has emerged as one of Montana's most desirable recreation markets. Anchored by the world-renowned Madison River, the area attracts year-round visitors and residents seeking exceptional fly fishing, hunting, hiking, skiing, and mountain recreation. Continued population growth, increasing tourism, and limited luxury housing inventory have created strong demand for high-quality residential and hospitality product. Whether completed as a luxury condominium community, expanded into a higher-density residential project, developed as a boutique hospitality destination, or executed through a phased mixed-use strategy, The Drift offers multiple paths to unlock value. With completed improvements already in place, existing market validation, and meaningful remaining development capacity, the Property represents a unique opportunity to acquire a premier development platform in one of Montana's most supply-constrained and desirable mountain communities.

450 Loomis Way & 420 Sage Avenue, Ennis

$159,000

410708 MLS

Prime development opportunity and READY TO BUILD! Offering features 0.22 hard to find acres in the North Forty subdivision of Ennis, MT – zoned Core Commercial-Residential (C-CR). Highway frontage location in Block 5 with tremendous visibility and seamless access to and from MT Highway 287. Lot 6 is DEQ approved for one (1) 1-unit commercial building and is the best priced commercial building lot in Block 5. This rare site includes the convenience of city water and sewer, and is a great candidate for curated retail, food & beverage, offices and more. Perfectly situated in the heart of the subdivision, with forever views towards the towering Madison Range. Main St. conveniences, new Madison Foods grocery store, Madison Valley Medical Center, Sure Shot Coffee Co, Ace Hardware, Madison Theatre, and more are all just a short walk from this centrally located blank canvas. The unspoiled western charm of Ennis and countless recreational opportunities bring significant tourism and astounding visitation numbers throughout the year. Bozeman, Big Sky Resort and Yellowstone NP are each an hour drive +/-. Endless options for this best-in-class location -- in a blossoming area of town. Bring your plans and start building today.

Lot 6 Block 5, North Forty, Ennis

$229,000

410705 MLS

Prime development opportunity and READY TO BUILD! Offering features 0.30 hard to find acres in the North Forty subdivision of Ennis, MT – zoned Core Commercial-Residential (C-CR). Tremendous visibility and seamless access to and from MT Highway 287. Lot 2 is DEQ approved for two (2) combination 2-unit residential and 2-unit commercial buildings. This high density commercial/mixed-use site includes the convenience of city water and sewer, and is a great candidate for apartments, office space, curated retail, food & beverage and more. Perfectly situated in the heart of the subdivision, with forever views towards the towering Madison Range. Main St. conveniences, new Madison Foods grocery store, Madison Valley Medical Center, Sure Shot Coffee Co, Ace Hardware, Madison Theatre, and more are all just a short walk from this centrally located blank canvas. The unspoiled western charm of Ennis and countless recreational opportunities bring significant tourism and astounding visitation numbers throughout the year. Bozeman, Big Sky Resort and Yellowstone NP are each an hour drive +/-. Endless options for this best-in-class location -- in a blossoming area of town. Bring your plans and start building today.

Lot 2 Block 5, North Forty, Ennis

$229,000

410707 MLS

Prime development opportunity and READY TO BUILD! Offering features 0.29 hard to find acres in the North Forty subdivision of Ennis, MT – zoned Core Commercial-Residential (C-CR). Best corner location in Block 5 with tremendous visibility and seamless access to and from MT Highway 287. Lot 4 is DEQ approved for one (1) 1-unit commercial building and is the largest DEQ approved commercial building lot in Block 5. This rare site includes the convenience of city water and sewer, and is a great candidate for curated retail, food & beverage, offices and more. Perfectly situated in the heart of the subdivision, with forever views towards the towering Madison Range. Main St. conveniences, new Madison Foods grocery store, Madison Valley Medical Center, Sure Shot Coffee Co, Ace Hardware, Madison Theatre, and more are all just a short walk from this centrally located blank canvas. The unspoiled western charm of Ennis and countless recreational opportunities bring significant tourism and astounding visitation numbers throughout the year. Bozeman, Big Sky Resort and Yellowstone NP are each an hour drive +/-. Endless options for this best-in-class location -- in a blossoming area of town. Bring your plans and start building today.

Lot 4 Block 5, North Forty, Ennis

$259,000

410706 MLS

Prime development opportunity and READY TO BUILD! Offering features 0.34 hard to find acres in the North Forty subdivision of Ennis, MT – zoned Core Commercial-Residential (C-CR). Largest lot with best access in Block 5. Tremendous visibility and seamless access to and from MT Highway 287. Lot 3 is DEQ approved for two (2) combination 2-unit residential and 2-unit commercial buildings. This high density commercial/mixed-use site includes the convenience of city water and sewer, and is a great candidate for apartments, office space, curated retail, food & beverage and more. Perfectly situated in the heart of the subdivision, with forever views towards the towering Madison Range. Main St. conveniences, new Madison Foods grocery store, Madison Valley Medical Center, Sure Shot Coffee Co, Ace Hardware, Madison Theatre, and more are all just a short walk from this centrally located blank canvas. The unspoiled western charm of Ennis and countless recreational opportunities bring significant tourism and astounding visitation numbers throughout the year. Bozeman, Big Sky Resort and Yellowstone NP are each an hour drive +/-. Endless options for this best-in-class location -- in a blossoming area of town. Bring your plans and start building today.

Lot 3 Block 5, North Forty, Ennis

$775,000

410129 MLS

Great opportunity to own a well-appointed duplex featuring two units, each comprised of 3 bedrooms and 2.5 bathrooms. Thoughtfully designed for both comfort and functionality, this property is ideal for full-time living, a vacation retreat, or an income-producing investment. Ideally located within walking distance to the charming shops and restaurants of Ennis, and just steps from Madison Foods, convenience meets small-town charm. Enjoy easy access to everyday essentials while being surrounded by the natural beauty that makes Ennis so special—renowned for its proximity to the Madison River and breathtaking views of the Madison Range. With a strong rental history and flexible use potential, this property offers a rare combination of location, lifestyle, and investment appeal.

438 Vujo Lane, Ennis

$775,000

410130 MLS

Great opportunity to own a well-appointed duplex featuring two units, each comprised of 3 bedrooms and 2.5 bathrooms. Thoughtfully designed for both comfort and functionality, this property is ideal for full-time living, a vacation retreat, or an income-producing investment. Ideally located within walking distance to the charming shops and restaurants of Ennis, and just steps from Madison Foods, convenience meets small-town charm. Enjoy easy access to everyday essentials while being surrounded by the natural beauty that makes Ennis so special—renowned for its proximity to the Madison River and breathtaking views of the Madison Range. With a strong rental history and flexible use potential, this property offers a rare combination of location, lifestyle, and investment appeal.

310 Yogi Avenue, Ennis

$575,000

4 Beds ⋅ 3 Baths ⋅ 408805 MLS

Discover a charming home in Ennis, Montana, featuring a functional layout filled with natural light and offering convenient access to local shops, dining, schools, and essential services. Sprinklers are installed for a start to your landscaping vision, adding convenience and ease to maintaining a beautiful outdoor space. Enjoy breathtaking mountain views and a peaceful atmosphere, with close proximity to the Madison River, hiking trails, and year-round recreational activities. This residence boasts inviting living areas perfect for daily use and entertaining, making it an excellent opportunity for a primary residence, vacation home, or investment in a sought-after Southwest Montana community. Embrace the chance to own a piece of Montana living in beautiful Ennis!

206 Otis Avenue, Ennis

$849,000

408300 MLS

Prime development opportunity and READY TO BUILD! Offering consists of four, Core Commercial-Residential (C-CR) zoned lots -> Totaling 1.15 hard to find acres in the North Forty subdivision of Ennis, MT. Tremendous visibility and seamless access to and from MT Highway 287. DEQ approved as follows: Lot 2 (0.30 ac.) two (2) combination 2-unit residential and 2-unit commercial buildings, Lot 3 (0.34 ac.) two (2) combination 2-unit residential and 2-unit commercial buildings, Lot 4 (0.29 ac.) one (1) 1-unit commercial building and Lot 6 (0.22 ac.) one (1) 1-unit commercial building. These commercial and potential mixed-use parcels include the convenience of city water and sewer. Perfectly situated in the heart of the subdivision, with forever views towards the towering Madison Range. Main St. conveniences, new Madison Foods grocery store, Madison Valley Medical Center, Sure Shot Coffee Co, Ace Hardware, Madison Theatre, and more are all just a short walk from this centrally located blank canvas. The unspoiled western charm of Ennis and countless recreational opportunities bring significant tourism and astounding visitation numbers throughout the year. Bozeman, Big Sky Resort and Yellowstone NP are each an hour drive +/-. Endless options for this best-in-class location -- in a blossoming area of town. One of the most desirable development opportunities in the greater Rocky Mountain West.

Lots 2, 3, 4 and 6, Block 5, North Forty, Ennis

North Forty Real Estate

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