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Montana is the fourth largest state yet has a population of just over 1 million residents. Farms and ranches for sale in Montana offer excellent grass production, clear water, diverse wildlife, and breathtaking views. Montana is truly a special place. View our Montana Ranch Real Estate Market Report for the current market analysis and trends.
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Craig Delger BROKER / REALTOR 406-581-7504 craigdelger@gmail.com |
- 1320 Old Toby Road, Big Sky MT 59716
PRICE: $31,000,000
Acres: 491 STATUS: Active MLS#: 388766
A once-in-a-lifetime opportunity in the heart of Big Sky, this 491-acre private retreat is unmatched in scale, beauty, and location. This land is a rare blend of history and wilderness; early 1900s logging roads wind throughout, creating year-round access across the property for hiking, horseback riding, mountain biking, ATVs, or snowmobiles. In winter, it transforms into a private Nordic haven with miles of groomed cross-country ski trails just outside your door. Surrounded on three sides by Gallatin National Forest and conserved properties, the estate offers the kind of permanent privacy and protection that is nearly impossible to replicate. Wildlife is abundant, with elk, moose, deer, bears, mountain lions and bobcats often wandering through. Despite its seclusion, this property is only minutes from Big Sky’s world-class skiing, dining, and amenities. Perched on a ridgeline, the magnificent Canadian cedar log home was designed to frame Lone Peak from every west-facing room. The architecture balances strength and warmth, with soaring timbers, natural stone, and walls of glass that bring the mountains in. A full-length entertainment deck stretches across the western side of the home, perfectly positioned for Montana’s legendary sunsets and panoramic views. From this vantage point, the sightlines are unrivaled: Lone Peak, the Madison Range, the Spanish Peaks, the Gallatin Range, and even south into Yellowstone National Park. A detached garage with a fully appointed caretaker’s quarters above provides both practicality and flexibility, whether for staff, guests, or private office space. Together, the structures combine modern livability with timeless craftsmanship, set against one of the most dramatic backdrops in the Rockies. The location offers the best of all worlds—absolute privacy yet total convenience. Big Sky Resort is just 10 minutes away, as are the Meadow Village and Town Center. Bozeman lies an hour north, and Yellowstone National Park is just over an hour to the south. This spectacular property is truly one of a kind—an irreplaceable Montana legacy, offering unmatched seclusion, beauty, and convenience in one of the West’s most iconic landscapes. MLS# 388766
Property Area: 5BMT - Big Sky Mountain Subdivision: Other Nearest City: Big Sky
Acres: 491
- 240 Horsetail Road, Bozeman MT 59715
PRICE: $24,500,000
Acres: 20 STATUS: Active MLS#: 403944
Welcome to Lightfell—Where light, land and water meet and life slows down. This premier Montana estate offers the perfect fusion of functional modern luxury and a deep connection with the 20 acres of land located just 10 minutes from downtown Bozeman. Completed in 2024 by Centre Sky Architecture and Bridger Builders, this remarkable property features over 13,200 SF of living space - 7,600SF of interior living with a 5,655 SF, 3-bed main residence, a 1,990 SF, 4-bed guest home and 5,600+/- SF of outdoor living spaces, plus, a 5,300 SF shop and sportsman’s lounge—all crafted for elevated everyday living and effortless entertaining. Every detail of the main home has been meticulously designed, from floor-to-ceiling windows framing panoramic views of four mountain ranges that surround the valley to the tranquil sight lines over your private 3-acre, stocked pond. Enjoy seamless indoor-outdoor living with heated patios, a sunken hot tub, outdoor gas fireplace, built-in grills, and beautifully manicured lawn and landscaping. Inside, the 3-bedroom main home features a sanctuary primary suite with vaulted ceilings, fireplace, spa-inspired bath with soaking tub and tile shower, and a generous walk-in closet complete with island and private laundry. An open-concept Great Room with temp-controlled wine gallery, home gym, two additional ensuite bedrooms and fenced raised garden beds round out this thoughtfully curated residence. The 4-bedroom guest home is ideal for hosting, offering two identical wings—each with a spacious large bedroom and bunk room—joined by a comfortable central living area. Guests can enjoy privacy without sacrificing connection. The 5,300 SF heated shop is a dream setup for Montana’s outdoor lifestyle. Two pull-through bays including one with 14'x15’ doors and an additional door to accommodate RVs, toys, and gear. Inside, the Sportsman’s Lounge provides a rustic gathering space with kitchenette, gas stove, and built-in safe. Additional amenities include a dog wash station, washer/dryer, and an upper level game room with billiards, foosball, and shuffleboard completed by a rooftop deck offering sweeping views of the Bridgers—perfect for summer sunsets or starry nights. This rare offering delivers privacy, space, and five-star living in one of Bozeman’s most exclusive neighborhoods with abundant wildlife and Bozeman Creek access. MLS# 403944
Property Area: 2SE - Boz S of City E of 19th Subdivision: Minor Subdivision Nearest City: Bozeman
Acres: 20
- 495 Moffit Gulch Road, Bozeman MT 59715
PRICE: $24,000,000
Acres: 1,597.92 STATUS: Active MLS#: 397752
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. MLS# 397752
Property Area: 2N - Boz Area N of I90/City Nearest City: Bozeman
Acres: 1,597.92
- 495 Moffit Gulch Road, Bozeman MT 59715
PRICE: $24,000,000
Acres: 1,597.92 STATUS: Active MLS#: 397891
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. MLS# 397891
Property Area: 2N - Boz Area N of I90/City Subdivision: None Nearest City: Bozeman
Acres: 1,597.92
- Lost Heart Ranch Ennis Lake Rd, McAllister MT 59740
PRICE: $23,500,000
Acres: 2,725.16 STATUS: Active MLS#: 404797
Located on the north shore of Ennis Lake in McAllister, Montana, this legacy property presents a rare opportunity to acquire just over 2,700+/- acres in one of Montana’s most desirable valleys. The offering combines lake frontage, agricultural production, equestrian infrastructure, conservation or development potential, and a fully operational commercial component. Showing by appointment only. A working ranch with residential, livestock, and infrastructure elements in place, Lost Heart Ranch anchors the entire offering. It is subdivided into 45 legal parcels, making if a great candidate for a conservation easement, possible development, and generational use. Includes 2,500± SF 4BD/3BA main residence (1994), 2,400± SF equipment shop with attached 2BD/1BA residence (2004), 3,100± SF livestock barn, and 1400± feet of lake frontage. A rare, turnkey 23.18 acre equestrian facility located on the lake, this component of the offering includes a 6,344+/- SF luxury home with a pool, lake frontage, and full horse infrastructure. The commercial asset of this property, Lake Shore Lodge offers a strong base for hospitality, storage, and lakefront access with expansion potential. Features 42 full-service RV sites (50 amp), office/store and bathhouse with laundry, 3 dry cabins and 3 additional 4 season rental cabins, room for employee housing, marina with 10 docks and seawall. 2 drain fields and 7 holding tanks with room for expansion. Excellent potential for income generation or private estate repurposing. With panoramic views in every direction—Lone Peak to the east, the Centennial Mountains to the south, and the rugged Tobacco Root Mountains to the west—the property features diverse topography including productive pasture, riparian corridors, and juniper-covered hillsides. Comprising three primary components—Lost Heart Ranch, Lake Shore Equestrian Estate, and Lake Shore Lodge—this property supports year-round ranching, recreation, and income generation, all just minutes from Ennis and under an hour to Bozeman. MLS# 404797
Property Area: 7MM - Madison - Madison Vly Nearest City: McAllister
Acres: 2,725.16
- 13830 (Tract A-D) Cottonwood Road, Bozeman MT 59718
PRICE: $22,000,000
Acres: 241 STATUS: Active MLS#: 401887
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. MLS# 401887
Property Area: 2SW - Boz S of City W of 19th Subdivision: None Nearest City: Bozeman
Acres: 241
- 354 Brass Lantern Court, Bozeman MT 59715
PRICE: $16,525,000
Acres: 36.38 STATUS: Active MLS#: 402064
This exceptional 36.375-acre estate blends modern luxury with Montana’s breathtaking landscape, just over 4 miles from downtown Bozeman. The newly remodeled 9,787 sq. ft. residence, originally built in 1989 and transformed in 2022 by NVS Architects and Villa Homes, features seven bedrooms, four and a half bathrooms, and sophisticated, thoughtful design throughout. Expansive living spaces include a state-of-the-art kitchen, theater room, gym, bonus room, dedicated dog room with outdoor access and a stunning outdoor area with a covered patio, outdoor kitchen, firepit, and astroturf dog run. The main level is anchored by a vaulted great room with expansive windows framing mountain views, a gas fireplace, and a Restoration Hardware chandelier. The kitchen is a showpiece, outfitted with high-end BlueStar appliances, a large island, and a hidden prep kitchen with Miele and True appliances—perfect for seamless entertaining. The stunning main level primary suite includes spa bath, dual walk-in closets and a private office with covered patio. The lower level offers four bedrooms, two bathrooms, a large family room with a gas fireplace, and walk-out access to a private patio and playground, creating an ideal space for guests or multigenerational living. The upper level of the home features a large media room with wet bar, two bedrooms, ¾ bath and bonus room. Designed for year-round enjoyment, the outdoor areas seamlessly combine beauty and function. A warm mahogany deck provides a front-row seat to the mountains, while radiant heat in the surrounding tile ensures snow-free patios and walkways in winter. A 1.25-acre pond, greenhouse, heated driveways, a whole-home generator, and three gated entries with paved driveways enhance comfort and security. The 10,400 sq. ft. shop and showroom—fully redesigned in 2022—is a dream space for collectors, hobbyists, or business use. The shop features five car lifts, two gas heaters, and a dedicated workroom with a powder bath. The adjoining showroom offers an epoxy-finished floor, three stylish offices, a kitchenette, and an additional powder bath—ideal for professional operations, meetings, or displaying prized collections. With direct access to National Forest and the M Trailhead, this rare property offers the ultimate Montana lifestyle—private, convenient, and built for both adventure and elegance. MLS# 402064
Property Area: 2B - Boz Area Bridger Cyn Subdivision: Minor Subdivision Nearest City: Bozeman
Acres: 36.38
- 225 Alpen Strasse Street, Bozeman MT 59715
PRICE: $16,450,000
Acres: 225.27 STATUS: Contingent MLS#: 402058
A rare offering in Bridger Canyon, Alpen Haus is a breathtaking 225-acre estate on three parcels that captures the essence of Montana’s beauty, privacy, and refined living. Thoughtfully designed by Faure Halvorsen Architects and built by Battle Ridge Construction in 2017, this 5,396 sq. ft. residence offers timeless architectural integrity, modern comforts, and a seamless blend of form and function. The home features 4 bedrooms, 3.5 bathrooms, and a versatile floor plan spread across three levels. Vaulted ceilings and expansive windows in the great room frame dramatic views of the Bridger Mountains, while a wood-burning fireplace with gas assist adds warmth and ambiance. The open-concept layout connects the great room to the dining area and chef’s kitchen—outfitted with premium appliances, custom cabinetry, and sleek stone surfaces—making it ideal for entertaining or everyday living. Outside, the home is surrounded by newly designed landscaping, tranquil water features, and two elevated decks that invite you to enjoy sweeping vistas in every season. A two-track road leads to the National Forest boundary, offering direct access to hiking, horseback riding, and backcountry exploration. Whether you're hosting guests or seeking solitude, the outdoor experience is immersive, peaceful, and uniquely Montana. Additional highlights include a stylish Airstream guest house—perfect for friends or extended stays—along with a large secure vault room, offering both charm and practicality. Set across three parcels, this estate delivers an extraordinary sense of privacy and possibility. The land itself is a tapestry of meadows, trees, and mountain views, creating a near-private park feel that is both wild and refined. Just minutes from downtown Bozeman yet a world apart, Alpen Haus is a sanctuary where nature, design, and luxury converge. MLS# 402058
Property Area: 2B - Boz Area Bridger Cyn Subdivision: Certificate Of Survey COS Nearest City: Bozeman
Acres: 225.27
- TBD Jack Creek Road, Moonlight Territory Parcel 5, Big Sky MT 59729
PRICE: $16,000,000
Acres: 161.30 STATUS: Active MLS#: 389015
Welcome to the distinguished Moonlight Territories, a rare haven within one of the country’s last vestiges of pristine mountain wilderness. Poised in the heart of Moonlight Basin, this legacy property unveils breathtaking 360° panoramas, extending from the grandeur of Spanish Peaks to the lofty peaks of Fan and Cedar Mountain, and the iconic Lone Mountain. Distinguished yet embracing, the landscape is adorned with mature evergreens, perfectly framing these awe-inspiring views from every vantage point, cultivating an atmosphere of seclusion that enriches your personal sanctuary. Set in nature, this property is connected by miles of recreational trails traversing the Territories, imparting a sense of being worlds away, all while maintaining close proximity to the unparalleled amenities synonymous with Moonlight Basin and One&Only Moonlight Basin, opening in 2025. From world-class skiing at Big Sky Resort to tee times at the infamous Jack Nicklaus golf course, lake activities, winter pursuits, and so much more. The unspoiled beauty unfolds as far as the eye can see, with over 2,500 acres protected by a perpetual conservation easement. This legacy property stands as a testament to Moonlight Basin's commitment to preservation. Embark on a lifestyle where the unbroken charm of nature seamlessly integrates with the allure of exceptional access and amenities. Territory 5, one of several larger tracts within Moonlight Basin, invites you to experience the unparalleled luxury of living while embracing the beauty of the land. MLS# 389015
Property Area: 5MLB - Moonlight Basin Subdivision: Moonlight Basin Ranch Nearest City: Big Sky
Acres: 161.30
- 4200 Love Lane, Bozeman MT 59718
PRICE: $14,990,000
Acres: 22.65 STATUS: Contingent MLS#: 402849
Slate Storage is a premier Class A self-storage facility spanning approximately 22 acres in the heart of the Gallatin Valley in Bozeman, Montana, one of the fastest growing and most affluent cities in the state. Built in 2021 and expanded in 2023, the facility features high-quality construction that meets the luxury standards of the Bozeman market, with a mix of drive-up units and outdoor parking. The property is fully permitted and engineered for future conversion of outdoor parking into additional drive-up units, offering a path for revenue growth. With continued lease-up momentum, continued addition and expansion of nearby residential subdivisions, strong annual rent increases supported by the robust local market Slate Storage offers compelling financial upside. Its prime location in the valley benefits from high barriers to entry and limited future nearby competition, while the planned extension of West Oak Street will further enhance accessibility and long-term value. This is a rare investment opportunity in a tightly held, supply-constrained market, contact the listing broker today to learn how Slate Storage can become a top-performing asset in your portfolio. MLS# 402849
Property Area: 2FC - Boz Area Four Corners Nearest City: Bozeman
Acres: 22.65
