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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 |
- 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
- #50 One&Only Private Home, Big Sky MT 59716
PRICE: $18,500,000
STATUS: Active MLS#: 407786
One&Only Moonlight Basin Private Home #50 offers a refined mountain sanctuary defined by architectural excellence and immersive natural beauty. Designed by Olson Kundig, the home reflects a deep respect for its alpine setting through thoughtful materials, orientation, and form. With approximately 5,676 square feet of living space, this six-bedroom residence features expansive interiors bathed in natural light, complemented by warm textures and elevated finishes. Floor-to-ceiling windows frame sweeping views of the surrounding peaks, creating a constant connection to the landscape. The home’s open layout flows seamlessly to outdoor terraces and gathering spaces, ideal for entertaining or enjoying moments of solitude beneath Montana’s vast skies. Every detail is designed to support both everyday comfort and elevated living. Located within the exclusive One&Only Moonlight Basin enclave, this residence offers access to a world of curated amenities, adventure, and personalized service. MLS# 407786
Property Area: 5MLB - Moonlight Basin Subdivision: One&Only (Lee’s Pool) Nearest City: Big Sky
- #48 One&Only Private Home, Big Sky MT 59716
PRICE: $17,000,000
STATUS: Active MLS#: 407785
Nestled among towering evergreens and expansive mountain vistas, Private Home #48 presents an elevated expression of alpine living. Designed by renowned architect Olson Kundig, the residence is a masterclass in integrating architecture with nature. Spanning approximately 5,676 square feet, this six-bedroom, six-and-a-half-bathroom home offers expansive interiors defined by clean lines, rich materials, and dramatic windows that bring the outdoors in. Thoughtful design details and multiple fireplaces create a warm yet sophisticated atmosphere throughout. Generous gathering spaces open onto terraces and outdoor lounges, providing ideal settings for entertaining or quiet relaxation in every season. The home’s scale and layout offer both privacy and openness, making it equally suited for hosting or retreating. Situated within One&Only Moonlight Basin, Private Home #48 provides access to exceptional resort amenities and bespoke experiences, all delivered with the signature service and discretion of One&Only. MLS# 407785
Property Area: 5MLB - Moonlight Basin Subdivision: One&Only (Lee’s Pool) Nearest City: Big Sky
- 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
- #49 One&Only Private Home, Big Sky MT 59716
PRICE: $16,250,000
STATUS: Active MLS#: 407784
Private Home #49 is a striking example of modern mountain architecture, thoughtfully designed to honor its dramatic alpine surroundings. Crafted by Olson Kundig, the home blends contemporary design with natural textures to create a residence that feels both bold and timeless. This 6-bedroom, 7-bathroom home spans approximately 5,144 square feet, offering generous living spaces ideal for hosting family and friends. Expansive glass walls frame panoramic views while allowing natural light to pour into the interiors, highlighting refined finishes and warm, inviting details throughout. The open-concept design extends effortlessly to outdoor living areas, creating a seamless transition between interior comfort and the surrounding wilderness. From après-ski gatherings by the fire to summer evenings on the terrace, every space is designed for connection and retreat. As part of the exclusive One&Only Moonlight Basin community, this home offers privileged access to world-class dining, wellness, and outdoor adventure—delivered with unmatched privacy and service. MLS# 407784
Property Area: 5MLB - Moonlight Basin Subdivision: One&Only (Lee’s Pool) Nearest City: Big Sky
- #55 One&Only Private Home, Big Sky MT 59716
PRICE: $16,250,000
STATUS: Active MLS#: 407787
Surrounded by pristine wilderness and dramatic mountain scenery, One&Only Private Home #55 embodies contemporary mountain living at its finest. Designed by acclaimed architect Olson Kundig, the residence seamlessly blends modern design with the natural rhythms of its alpine environment. This 6-bedroom, 7-bathroom home spans approximately 5,144 square feet, offering generous living spaces thoughtfully designed for comfort, connection, and retreat. Expansive windows and warm materials create interiors that feel both sophisticated and inviting. Indoor and outdoor living areas flow effortlessly together, providing ideal spaces for entertaining or unwinding after a day spent exploring Big Sky’s trails, slopes, and rivers. The home’s design emphasizes privacy while maintaining a strong connection to the surrounding landscape. As part of One&Only Moonlight Basin, owners enjoy access to exceptional dining, wellness, and outdoor experiences, all supported by the brand’s renowned service and attention to detail. MLS# 407787
Property Area: 5MLB - Moonlight Basin Subdivision: One&Only (Lee’s Pool) Nearest City: Big Sky

