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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

Courtesy of Tory Cyr with Big Sky Sotheby's.

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

Courtesy of Jill Pike with PureWest Real Estate 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

Courtesy of Jeff Eshbaugh with Altitude Real Estate, LLC.

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

Courtesy of Jeff Eshbaugh with Altitude Real Estate, LLC.

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

Courtesy of Jim Toth with Western Ranch Brokers LLC.

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

Courtesy of Jim Toth with Western Ranch Brokers LLC.

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

Courtesy of Erica Heinrich with Keller Williams Montana Realty.

6537 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 600 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:

6537 Jackson Creek, Bozeman

Courtesy of Craig Janssen with Swan Land Company.

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

Courtesy of Regan Barranger with AmeriMont Real Estate.

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

Courtesy of Regan Barranger with AmeriMont Real Estate.

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

Courtesy of Jeff Helms with The Big Sky Real Estate Co..

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

Courtesy of Trent Lister with PureWest Real Estate Bozeman.

1680 Harrison Meadow, Bozeman
$12,750,000
5 Beds ⋅ 5 Baths ⋅ 415198 MLS
Montana Mountain Living at Its Finest! Welcome to 1680 Harrison Meadows, an extraordinary mountain retreat encompassing approximately 146 acres across six parcels, backing to State Land. Set high above Trail Creek, this remarkable estate offers expansive private acreage, breathtaking mountain and valley views, exceptional craftsmanship, and access to Bozeman. The home takes full advantage of its spectacular setting. Views stretch toward the Bridgers to the north and across the valley toward Chimney Rock and beyond. A private paved road provides year-round convenience while delivering the feel of a secluded Montana escape. At the heart of the property is an impressive 8,668 +/- square-foot custom log home, showcasing exceptional log craftsmanship. The grand living spaces feature expansive windows, beautiful woodwork, wraparound decks, patios, and thoughtful landscaping. The main residence offers four bedrooms and four bathrooms, plus a spacious bonus area above the garage with another bathroom. An additional private living space known as the “penthouse” is located above the shop and offers flexibility for an office or guest suite, with a bathroom and balcony. The property is equally impressive outdoors. A three-car garage and substantial shop provide room for vehicles, equipment, recreational toys, and Montana adventures. The shop includes a large walk-in cooler, appealing to hunting enthusiasts or anyone needing cold-storage space. Take in the soothing creek water feature flowing alongside the patio, picturesque pond with picnic area, and trails throughout the property. Several elevated hunting blinds/stands enhance recreational opportunities for hunters, wildlife photographers, and outdoor enthusiasts. A charming guest house provides additional accommodations, while the acreage offers endless opportunities to explore. Explore trails, wildflowers, and native vegetation, watch for wildlife, hunt, gather with family, or simply take in the views. Despite its peaceful mountain setting, Bozeman’s restaurants, shopping, airport, cultural attractions, and year-round events are nearby, while Livingston and the Yellowstone River corridor are also within reach. Whether envisioned as a private mountain retreat, family compound, corporate retreat, recreational estate, hunting property, or legacy Montana property, 1680 Harrison Meadows offers an extraordinary opportunity to own a truly special piece of Montana.

1680 Harrison Meadow, Bozeman

Courtesy of Claire Gillam with Berkshire Hathaway - Bozeman.

TBD Gallatin Preserve Tract 7, Big Sky
$12,500,000
412412 MLS
Gallatin Preserve Lot 7 Moose Meadows is a 160-acre idyllic homesite within the prestigious Gallatin Preserve Community. Gallatin Preserve consists of ten 160-acre parcels, which have been thoughtfully preserved by conservation easement. Each 160-acre home site within Gallatin Preserve provides an owner with a dedicated ten-acre building envelope (of which 5 acres can be developed) to design and build their dream Montana family compound. Lot 7 Moose Meadows is among the finest properties within Gallatin Preserve and is therefore one of the finest in all of Big Sky. The property can include a golf membership at Spanish Peaks Mountain Club, which is also a coveted asset for an owner to possess. The property offers outstanding privacy, spectacular panoramic views, and is conveniently located within a 10-minute drive to the Big Sky Town Center.

TBD Gallatin Preserve Tract 7, Big Sky

Courtesy of Jason Carrico with The Big Sky Real Estate Co..

200 Misty Mountain Court, Big Sky
$12,500,000
30 Beds ⋅ 35 Baths ⋅ 405321 MLS
Recently Reduced! Aspects at Big Sky – Exclusive 10-Home Community Offering A rare opportunity exists to acquire the entire Aspects community—a private enclave of ten fully furnished modern mountain homes in Big Sky, Montana. Designed with both functionality and comfort in mind, Aspects blends contemporary architecture with the beauty of the surrounding landscape, all just minutes from Big Sky Resort and Yellowstone National Park. Each residence has been thoughtfully crafted, offering three bedrooms with ensuite baths, an open-concept kitchen, dining, and vaulted living room anchored by expansive windows, and a convenient main floor powder room. The private primary suite serves as a retreat with its walk-in closet, spa-like bath, and balcony access, while the kitchens feature stainless GE Café appliances, solid-surface countertops, and generous storage throughout. Homes also include oversized two-car garages with gear storage, dedicated laundry spaces, and inviting outdoor living areas—five of the ten homes are further enhanced with private hot tubs. Comfort is ensured year-round with forced-air heating and central air conditioning. The Aspects community itself is designed to complement its natural surroundings. Residents enjoy a relaxed setting with walking paths, forested open areas, and shared amenities that include a private sauna, outdoor firepits, and the Canteen gathering space. Low HOA dues cover snow removal and common area maintenance, while an exclusive rental program offers owners the option for additional income or reduced carrying costs. Perfectly situated, Aspects is just 10 miles from Big Sky Resort and 50 minutes from the West Entrance of Yellowstone National Park, with hiking, biking, fishing, and endless outdoor adventure available right at your doorstep.With modern construction, curated amenities, and a premier location, Aspects represents a truly rare opportunity to acquire a legacy investment property unlikely to be replicated. Optional rental program provides flexibility and income potential. Over the last 12 months, each unit in the rental program generated an average of $110,000 in total revenue."

200 Misty Mountain Court, Big Sky

Courtesy of Eric Ladd with Outlaw Realty.

12 Penny Lane Lane, Gallatin Gateway
$11,307,000
409921 MLS
12 Penny Lane — Gallatin Gateway, Montana Net Leased Showroom & Fabrication Facility Single Tenant | Purpose Built | Resort Market Exposure Offered at $11,307,000. 7.25% Cap Rate Executive Overview 12 Penny Lane offers investors the opportunity to acquire a fully leased, mission critical commercial facility serving Montana’s premier luxury residential construction markets, including Big Sky, Yellowstone Club, Spanish Peaks, and Moonlight Basin. The property is 100% leased to Earth Elements LLC under a newly structured modified NNN lease that delivers durable income, minimal landlord responsibilities, and built in annual rent growth. Originally purpose built in 2017 with over $4 million in specialized improvements, the facility functions as a destination showroom, fabrication hub, and corporate headquarters. The building’s highly customized nature significantly reduces tenant relocation risk and provides strong long term income security. Investment Highlights • 100% Occupied, Single Tenant Asset New arm’s length lease with established operating tenant • Strong In Place Cash Flow Net Operating Income of approximately $819,726. • Modified NNN Lease Structure Flat $3.00/SF expense recovery with no annual reconciliation • Annual Rent Growth 3% annual escalations on base rent • Purpose Built, Non Commodity Real Estate Irreplaceable showroom and fabrication infrastructure • High Barrier Resort Market Location Limited competing inventory for comparable uses • Replacement Cost Support Insured building replacement value of $7.29M (exclusive of land) Property Description Address: 12 Penny Lane, Gallatin Gateway, MT 59730 Property Type: Commercial — Showroom / Fabrication / Warehouse Total Rentable Area: 38,563 SF (inside wall measurement) • Office / Showroom: 16,288 SF • Warehouse / Fabrication: 23,823 SF The property features a custom architectural façade, extensive glass storefront exposure, and seven fully built out showroom departments serving architects, designers, and high net worth clientele. The rear fabrication area includes advanced CNC machinery, water jet cutting, overhead crane systems, and loading dock access—creating a vertically integrated operational environment.

12 Penny Lane Lane, Gallatin Gateway

Courtesy of Evan McCaw with McCaw, DeVries, Steinhauer & Co..

7180 Tepee Ridge Road, Bozeman
$11,000,000
3 Beds ⋅ 3 Baths ⋅ 411460 MLS
Set against the dramatic backdrop of the Bridger Mountains, Tepee Ridge Road is a rare legacy offering in the heart of coveted Bridger Canyon. Spanning approximately 97± deeded acres of rolling meadows, native grasses, and wildlife-rich landscape, this extraordinary property captures the essence of Montana living—where privacy, natural beauty, and convenience converge just minutes from both Downtown Bozeman and Bridger Bowl Ski Area. The estate is thoughtfully designed as a multi-generational retreat, anchored by a beautifully updated 5,386± square foot mountain modern main residence that blends timeless craftsmanship with warm modern elegance. Expansive windows frame sweeping views of the Bridger and Spanish Peak mountain ranges while filling the home with natural light. Reclaimed oak flooring, vaulted ceilings, stacked stone fireplaces, custom crafted Mahogany cabinetry, and refined designer finishes create an inviting atmosphere equally suited for intimate evenings or large-scale entertaining. Designed primarily for single-level living, the main residence offers multiple gathering spaces, a luxurious primary suite with a private covered deck, and seamless indoor-outdoor connectivity through expansive stone patios overlooking the surrounding meadows and mountain ranges. Complementing the main home is a charming 1,441± square foot guest residence featuring two bedrooms, two bathrooms, a heated garage, and warm interior finishes ideal for hosting family and guests in complete comfort. Additional improvements include a greenhouse, expansive shop, and large toy/RV barn, offering abundant space for recreation, equipment, horses, or outdoor pursuits. Wildlife thrives throughout the property, with elk, deer, sandhill cranes, and raptors frequently seen across the landscape, further enhancing the property’s remarkable sense of serenity and connection to nature. Tepee Ridge Road represents not only an exceptional lifestyle opportunity, but also a lasting investment in one of Montana’s most treasured landscapes.

7180 Tepee Ridge Road, Bozeman

Courtesy of Lisa Collins with Berkshire Hathaway - Bozeman.

1221 Green Valley Way, Bozeman
$10,950,000
4 Beds ⋅ 6 Baths ⋅ 409003 MLS
An equestrian enthusiast’s dream, this extraordinary 146± acre estate pairs exceptional horse facilities, expansive private riding access, and luxury living just 15 minutes from downtown Bozeman. Set within North Pass Ranches, Bozeman’s premier gated ranch community, the property features a heated 14,560± square foot equestrian oasis and indoor riding arena (125x75) with five stalls, two foaling stalls, tack room, bathroom, kitchen, and generous equipment storage. Brand-new fencing defines multiple pastures, while direct access to more than nine miles of private riding and hiking trails extends throughout North Pass Ranches and into adjoining State of Montana land. Beyond its equestrian amenities, the estate holds one of the most coveted positions within North Pass Ranches. Originally selected as the ranch founder’s location, the property encompasses 146± acres along a commanding ridgeline with panoramic views of the Gallatin, Madison, Tobacco Root, and Absaroka-Beartooth ranges, along with sweeping views across the Bozeman Valley. At the heart of the estate is a beautifully updated 8,000± square foot main residence showcasing exceptional craftsmanship and high-end finishes throughout. Designed for effortless main-level living, the home features two primary suites, an additional en suite guest room, and an elevator. Soaring ceilings up to 31 feet, reclaimed oak beams, leathered quartzite countertops, custom lighting, and designer finishes create a refined mountain aesthetic. Downstairs, a generous media room, dedicated theater, and additional en suite guest room provide exceptional space for entertaining and hosting family and friends. A separate 3,000± square foot guest residence offers four bedrooms, three bathrooms, and an attached two-car garage, providing exceptional accommodations for extended family, guests, or on-site staff. Ownership within North Pass Ranches provides access to miles of private trails, stocked fishing ponds, a full-time on-site ranch manager, and shared amenities designed for recreation, gathering, and quiet enjoyment of the landscape. Wildlife is abundant, with moose, elk, deer, and bear regularly moving through the surrounding acreage. Few properties offer this combination of substantial acreage, established equestrian infrastructure, private trail access, luxury accommodations, commanding mountain views, and proximity to downtown Bozeman.

1221 Green Valley Way, Bozeman

Courtesy of Charlotte Durham with Big Sky Sotheby's - Bozeman.

42530 Gallatin Road, Big Sky
$10,900,000
3 Beds ⋅ 4 Baths ⋅ 412131 MLS
Imagine starting every morning with the gentle sound of the Gallatin River flowing just beyond your window. Eagles soar overhead, elk wander nearby, and the surrounding mountains glow with the first light of day. This is a chance of a lifetime to own a piece of the last best place in Montana! Gallatin River Homestead in Big Sky is nestled along the tranquil banks of the Gallatin River. This 12.44± acre property offers unparalleled opportunities unlike any other. With over a quarter mile of pristine riverfront at your doorstep, indulge in world-class trout fishing right from your backyard. Bordered by expansive National Forest lands to the south and perfectly suited for the equestrian lifestyle, this exceptional retreat offers sweeping mountain views, unmatched privacy, and a peaceful sense of seclusion. Despite its secluded setting, convenience is never compromised. Just a few minutes' drive away, Big Sky Town Center offers a host of amenities, including shopping, dining, and entertainment, ensuring the perfect balance of a wilderness escape and modern comfort. Another 10 minutes up the road awaits the “Biggest Skiing in America”, Big Sky Resort. Set upon 12.44± acres are three separate, contiguous deeded parcels. Two of the parcels are already improved with residences, while the additional five-acre undeveloped parcel offers exceptional flexibility to build on, preserve open space for added privacy, or retain it as a valuable long-term investment. Designed for gathering and making memories, this unique property includes two beautifully appointed homes. The stunning 3,698-square-foot custom log residence features three bedrooms and three-and-a-half baths, while the detached 2,886-square-foot guesthouse offers three bedrooms, a large bunkroom downstairs, and three baths, perfect for hosting family and friends or creating a private retreat. Every season tells a different story here. Winter brings unforgettable days on the slopes of Big Sky Resort; spring awakens the Gallatin River with world-class fly fishing; summer invites endless exploration through Yellowstone and the adjacent National Forest; and autumn paints the mountains in brilliant color. No matter the time of year, this extraordinary property serves as your private gateway to the very best of Montana's outdoor lifestyle.

42530 Gallatin Road, Big Sky

Courtesy of Branif Scott with Fay Ranches.

40 Enterprise Boulevard, Bozeman
$10,500,000
384848 MLS
Well-finished, ±29,724 square foot office building situated on ±3.03 acres at the southern edge of Bozeman. The property is located within Bozeman’s Opportunity Zone, just south of Montana State University. Built in 2000, the building can easily be adapted into a multi-tenant building, though it is currently fully leased to tenants Inhealth Life Sciences, Bozeman Health, and Proper Insurance. Proper Insurance has already committed to taking the Bozeman Health Space in April when they vacate. The building's layout is based on a central core of restrooms, mechanical, elevator, and a stairwell with offices branching north and south, creating four leasable areas around ±7,000 square feet each. The property is nicely landscaped, with ample parking on site.

40 Enterprise Boulevard, Bozeman

Courtesy of Ryan Springer with EndState Commercial.

168 Charlie Russell Loop Big EZ Estates Lot 45, Big Sky
$10,499,000
5 Beds ⋅ 7 Baths ⋅ 407313 MLS
Yellowstone Montana Legacy Estate on 20 acres 168 Charlie Russell is an exquisite artisan-crafted, hand-hewn log estate built and designed to endure the test of time—an offering reserved for those who value privacy, provenance, quality and legacy. Set within the gated enclave of Big EZ Estates this is a rare opportunity to acquire a true Montana home with the ability to obtain a Golf or Ski/Social membership at Spanish Peaks Mountain Club, but it is NOT required. Ability to build a guest home, remarkable privacy, and immediate proximity to the world-class amenities of Big Sky, this property embodies the very essence of the Yellowstone, Big Sky lifestyle. Timeless, irreplaceable, and uncompromising—this is not simply a residence, but a legacy to be stewarded for generations. Fully furnished and turnkey. Designed for both grand entertaining and intimate retreat, the home features 5 bedrooms, 5 full baths, and 2 powder rooms, complemented by 6 interior fireplaces, outdoor deck fireplace, landscaped fire pit, and a new hot tub for four-season enjoyment. 2 private primary suites—each with its own fireplace, outdoor access, and individual climate control—offer luxury comfort and exceptional privacy for owners and guests alike. A charming timber-frame bunk room with en-suite bath adds warmth and character for family gatherings. At 7,434± square feet with wraparound decks and landscaped patios the home captures sweeping, cinematic views of Yellowstone National Park and the Spanish Peaks—where sunrises, moonrises, and alpenglow sunsets become part of daily life. The main level unfolds with soaring timber ceilings and dramatic floor-to-ceiling stone fireplace with incredible lighting, expansive living and dining spaces, a gourmet kitchen outfitted with premium appliances and generous prep areas—ideal for entertaining. An executive office with private deck access sits just off the great room and primary suite, blending productivity with inspiration. The primary suite itself is a sanctuary, featuring a fireplace, spa-like bath, walk-in closet, adjacent executive office and private deck overlooking the peaks. The lower level is dedicated to recreation and relaxation, offering a spacious family room, wet bar, pool table, additional fireplace, workout room and seamless access to outdoor living—where the hot tub and fire pit invite evenings under Montana’s vast sky. A wrap-around deck, multiple patios,and tranquil mountain vistas complete the experience.

168 Charlie Russell Loop Big EZ Estates Lot 45, Big Sky

Courtesy of Martha Johnson with Aperture Global Real Estate.

NHN Kelly Canyon Road, Bozeman
$10,440,000
415265 MLS
Less than five miles from Bozeman's Main Street, this 262± contiguous acre Kelly Canyon holding offers a measure of privacy rarely found so close to town. Held by the same family since the 1930s and offered unimproved, the property brings together the qualities that define exceptional Montana land: space, history, wildlife, and a landscape that embodies the American West. Native pasture rises into timbered hillsides and sheltered draws, where elevated benches command sweeping views of the Bridger Range, the Gallatin Range, and the Spanish Peaks. Several springs surface on the property, and elk and mule deer lend a wild presence to ground that remains intact. Year-round access from Kelly Canyon Road and power at the property line complement the land's rural character without compromising it. There are no covenants and no conservation easement, and zoning is AR-40 and A-S. Bozeman Health Deaconess Hospital is approximately 4.4 miles away, Bozeman Yellowstone International Airport 14.5 miles, Bridger Bowl 13.9 miles, and Big Sky 52.5 miles. Land like this is not simply owned. It is learned, one season at a time. Whether envisioned as a private estate, an equestrian retreat, or a multigenerational legacy holding, the opportunity begins with something increasingly difficult to find: substantial contiguous acreage in Montana's most desirable mountain town.

NHN Kelly Canyon Road, Bozeman

Courtesy of Jackie Wickens & Trecie Wheat Hughes Team with Yellowstone Brokers.

NHN Kelly Canyon Road, Bozeman
$10,440,000
415048 MLS
LEGACY RUNS WITH THE LAND. Held by one family since the 1930s, this Kelly Canyon offering is 262± contiguous acres less than five miles from Bozeman's Main Street, yet a world removed from it all. Hay meadows rise into timbered hillsides and sheltered draws. Natural springs bring the land to life. Elk drift along the timber at dusk, and mule deer work the benches at first light. The Bridger Range fills the sky, the Gallatin Valley opens below, and the Gallatins and Spanish Peaks frame the southern horizon.This is real horse country, with open pasture to ride and a measure of privacy that has all but vanished this close to town. It is land you come to know: the green rush of spring, late summer evenings, the colors of fall, and the blue light of winter, until seasons become years and years become legacy. In time, you belong to the land as much as it belongs to you. Easy year-round access from Kelly Canyon Road. Power adjacent. Natural gas to the lot. No covenants and no conservation easement. Zoned AR-40 and A-S. Elevations approx. 4,985 to 5,455 ft. Bozeman Health Deaconess Hospital 4.4± mi, Bozeman Yellowstone International Airport 14.5± mi, Bridger Bowl 13.9± mi, Big Sky 52.5± mi. Large, intact holdings this close to Bozeman almost never come to market. Kelly Canyon is one of them.

NHN Kelly Canyon Road, Bozeman

Courtesy of Jackie Wickens & Trecie Wheat Hughes Team with Yellowstone Brokers.

13 & 14 Moreland Court 205 Wooden Shoe Ln 501-504 601 20 Culver 201-405 Unit 101-102,301-305,701-904, Manhattan
$10,250,000
413687 MLS
Don't miss this investment opportunity! Built in 2018, this 29-unit multi-family property features 9 buildings on 4 parcels. Ownership completed a round of property improvements in 2026, leaving the property in excellent condition and ready for its next investor. Strong long-term rental history with low turnover. Two floor plans and building types: 22 units are 3-bedroom / 2.5-bath with 2-car garages, and 7 units are 2-bedroom / 1-bath with 2-car garages. Located adjacent to Taylor Park, giving tenants added amenities including walking trails, sports fields, and playgrounds. A well-maintained property with minimal deferred maintenance, creating a turn-key investment. Multiple parcels allow for future flexibility.

13 & 14 Moreland Court 205 Wooden Shoe Ln 501-504 601 20 Culver 201-405 Unit 101-102,301-305,701-904, Manhattan

Courtesy of Katie Adams with McKenna Adams Commercial.

2355 Three Bears Road, Bozeman
$9,950,000
3 Beds ⋅ 4 Baths ⋅ 412015 MLS
Presented to the market for the first time, this is the rare convergence of architectural mastery, absolute privacy and a setting so breathtaking it must be experienced to be believed. A true legacy estate set on 31+ acres at the top of Bridger Canyon, panoramic views of multiple mountain ranges and the sweeping valley below form a backdrop that cannot be replicated. An expansive outdoor patio extends the living space, offering a vantage point for that privacy and those views in every season. The main residence offers 3 bedrooms and 3.5 baths across 5,270 sq ft, built to a standard of craftsmanship that is the work of Matthew Beardsley as architect/contractor, with open timber framing by Timberworks of Gallatin Gateway, fir beams, doors and detailing throughout, and custom wrought iron fixtures throughout the main house and guest house by acclaimed blacksmith Bill Moore. The price includes all furniture, artwork and furnishings currently in the house (with few exceptions), including specialty pieces: glassware by Simon Pearce, dishware by Grand Canyon China, and flatware by Lisa Jenks. The kitchen is appointed for serious entertaining: a Wolf 60" range, Wolf wall oven, Sub-Zero freezer drawers, Fisher & Paykel dishwashers, dual beverage fridges, a wine fridge, commercial hood, and a custom banquette — each detail considered. Whole-home systems include central vacuum, in-floor radiant heat, a roof melt system, and AV/alarm infrastructure. Throughout, art lighting illuminates' walls designed for display, complemented by indirect up-lighting that lends a quiet glow to every room. Floor-to-ceiling windows frame the mountains and valley from every direction, making the landscape a constant presence indoors. Warmth follows the same generosity, with custom stone and masonry wood-burning fireplaces in the main residence, guest house and on outdoor patio. Positioned above the generously sized 3-car garage — which includes a separate space suited for a shop — the guest residence offers 2 bedrooms and 2.5 baths across 1,980 sq ft, outfitted with Wolf appliances, central AC, and offering the same elevated standard as the main home. A custom shuffleboard table anchors a separate space built for games & group fun. Properties of this caliber — privately held, impeccably built, and set against Montana's most coveted panoramas — rarely come to market, making this one of the finest offerings in the state.

2355 Three Bears Road, Bozeman

Courtesy of PollyAnna Snyder with Engel & Volkers - Bozeman.

81211/ 13 Gallatin Road, Bozeman
$9,900,000
409918 MLS
Commercial Income Property with Development Upside Located less than one mile south of the Four Corners intersection along the west side of US Highway 191, this 33,400-square-foot commercial property offers stabilized income, long-term tenancy, and meaningful upside through future development. The property consists of five condominium units situated on 2.777 acres across two parcels—one improved and one vacant—providing a rare combination of current cash flow and entitled expansion potential in one of Bozeman’s strongest commercial corridors. The asset features approximately 337 feet of frontage on US-191 South, a high-traffic arterial serving Bozeman and the Gallatin Valley. The surrounding market is characterized by sub-3% commercial vacancy, reinforcing the property’s strong leasing fundamentals and long-term demand. Property Overview • Address: 81211 & 81213 Gallatin Road, Bozeman, MT 59718 • Property Type: Commercial — Retail, Showroom & Warehouse • Total Building Size: 33,400 SF (five condo units) • Land Area: 2.777 acres (two parcels) • Frontage: 337 feet on US Highway 191 South • Occupancy: 100% leased Development Upside The second parcel is entitled for an additional 11,518-square-foot building, offering immediate development potential along highly visible US-191 frontage. The site is currently vacant and development-ready, subject to verification of current permits and entitlements. Cap Rate 7.74% Building & 11,518 SqFt Development parcel.

81211/ 13 Gallatin Road, Bozeman

Courtesy of Evan McCaw with McCaw, DeVries, Steinhauer & Co..

no property photo
$9,500,000
415695 MLS
516 E Tamarack is 2.54 acres of NEHMU-zoned land inside Bozeman city limits, blocks from downtown and the Cannery District, improved with a 33,981 SF industrial building. At closing, Lattice Materials, an affiliate of the seller, leases it back at a triple-net rate of $17.00/SF for two years, plus a one-year option. Year one of the lease would yield $577,677, with 3% increases. The going-in cap rate is 6.08% at the $9,500,000 ask. Tenancy disclosure: This is a sale-leaseback. The tenant is related to the seller, and the lease begins at closing rather than continuing from a prior term. The two-year term, the $17.00 per square foot starting rent, and the 3% annual increases are proposed terms that will be documented in the purchase agreement. There is no executed lease.

516 E Tamarack Street, Bozeman

Courtesy of Ryan Springer with EndState Commercial.

tbd Harper Puckett - Parcels 2 & 3, Bozeman
$9,455,000
414406 MLS
Where Location Meets Opportunity!! Rarely does a property check this many boxes. Positioned on Bozeman’s coveted west edge, this exceptional 122±-acre development and investment opportunity offers the scale, location, infrastructure, and vision to create something truly special. With a Preliminary Approved 177-lot subdivision and water rights in place for a public water system, much of the groundwork is already there. Add I-90 frontage, effortless access to both Bozeman and Belgrade, and a location just 10 minutes from downtown Bozeman and 10 minutes from Bozeman Yellowstone International Airport, and the possibilities become hard to ignore. And then there’s the setting. Expansive views reach across the Bridger, Gallatin, and Spanish Peaks, putting Montana’s iconic landscape right outside the door. Whether your vision is residential development, long-term investment, or something even more ambitious, this is an opportunity with genuine momentum—and plenty of room to dream. 122± acres. 177 preliminary approved lots. Water rights in place. Unbeatable access. Big Montana views. The potential here is not just impressive—it’s wide open!

tbd Harper Puckett - Parcels 2 & 3, Bozeman

Courtesy of Chris Awe with PureWest Real Estate Belgrade.

board logoIDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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