Property with Conservation Easements For Sale in Montana are sought after because it can frequently be purchase for a lower price than a property that still retains full rights. Many types of private land use, such as farming, ranching and timber harvesting, can continue under the terms of a conservation easement, and owners can continue to live on the property. Read our article on Conservation Easements to learn more about this topic.
Our Montana Ranch Real Estate Market Report has indicated that the amount of discounting applied to property with existing conservation has eased recently.
Contact our expert ranch real estate agents to help you find property in Montana with conservation easements.
LET US SHOW YOU THIS PROPERTY
Craig Delger BROKER / REALTOR 406-581-7504 craigdelger@gmail.com |
- 406 Chief Joseph Trail, Darby MT 59829
PRICE: $16,250,000
Acres: 357.21 STATUS: Active MLS#: 408806
Welcome to Two Feathers Ranch, a legacy 357± acre estate just outside Darby offering a rare combination of luxury living, agricultural productivity, and classic Bitterroot Valley vistas. Once part of the historic Chief Joseph Ranch, the property enjoys sweeping views of both the Bitterroot and Sapphire Mountain Ranges. The ranch borders US Forest Service land on two sides, ensuring privacy and direct access to thousands of acres of public recreation. The ranch features approximately 2,500 feet of frontage on Tin Cup Creek, renowned for trout fishing, along with excellent water rights supporting 200± acres of irrigated pasture. Fenced pastures, supported by gravity-fed irrigation and wheel lines, currently sustain a productive Black Angus operation. Additional improvements include a hay barn capable of, a riding arena, and a fully equipped livestock working and sorting facilities, complete with pens and chutes. A private lake suitable for stocking fish, mature forested acreage, and abundant wildlife, including elk and whitetail deer, enhance the property’s recreational appeal. At the heart of the ranch is a large main residence, exquisitely designed for both entertaining and comfort. Additional accommodation includes a guest residence and a manager’s home, both positioned above a substantial barn and workshop facility. Equestrian infrastructure includes multiple horse stalls, barns, and event-ready spaces suitable for training, rodeo activities, or private gatherings. With five separate parcels and no restrictive covenants or conservation easements, Two Feathers Ranch offers exceptional flexibility for estate planning. Combining panoramic mountain scenery, a respectable operational component, and high-end residential amenities, this property represents a singular opportunity to own a premier ranch estate in Montana’s coveted Bitterroot Valley. MLS# 408806
Property Area: 12M - Other Montana Counties Subdivision: Minor Subdivision Nearest City: Darby
Acres: 357.21
- 182 Elk Ridge Road, Livingston MT 59047
PRICE: $2,200,000
Acres: 22.70 STATUS: Active MLS#: 408873
Set on 22.7 private acres between Livingston and Bozeman, 182 Elk Ridge Road delivers enduring craftsmanship, protected privacy, and sweeping Bridger Mountain views. Conservation easements along the east and south boundaries preserve open space and welcome frequent visits from elk, deer, and moose—creating a landscape that also supports exceptional wildlife viewing and premier archery elk hunting. Timbered terrain and varied topography provide both natural beauty and functional ground in a setting that feels expansive yet secluded. The 1,696± SF, 2-bedroom + office, 2-bathroom residence and integrated heated shop span approximately 3,565± SF total and were built on a true foundation wall with a clear focus on durability, comfort, and efficiency. The home features in-floor radiant heat, a heat pump system, and air conditioning, providing year-round climate control in Montana’s changing seasons. Spray foam insulation (R-60) enhances energy performance, while 5/8-inch Level 5 drywall—an ultra-smooth finish—creates a clean, refined interior. Pella windows frame the landscape, and solid fir doors, custom maple cabinetry, and quartzite countertops reflect quality materials throughout. Reclaimed Montana corral board siding and a built-in safe room balance rustic character with modern security. A 22kW Generac generator, 50-year architectural shingles, and standing seam metal roofing provide long-term peace of mind. The fully finished, heated shop—completed to the same standard as the living space—includes a kitchenette, oversized 12x14 and 12x8 doors, and a reinforced five-inch concrete slab engineered for a Class A vehicle. Ideal for RV storage, equipment, recreation, guest overflow, or extended living, the space offers flexibility without compromise. Designed for lock-and-leave simplicity or full-time living, the property also features a saltwater spa and a proposed future build site. Ideal for the outdoor enthusiast, the area offers easy access to **hiking, skiing, fishing, hunting** and year-round recreation while still providing a secure, low-maintenance home base. Approximately 13 miles to Livingston, 17 to Bozeman, and 21 to Bridger Bowl, it delivers convenient access to town while preserving the independence and quiet of mountain living. MLS# 408873
Property Area: 6SW - Liv Area - W of City S of I90 Subdivision: Mountain Brook Nearest City: Livingston
Acres: 22.70
- 12500/12120 Axtell Gateway Road, Gallatin Gateway MT 59730
PRICE: $7,800,000
Acres: 40 STATUS: Active MLS#: 408995
Tucked along the banks of the famed Gallatin River South of Bozeman you will find 40+/- acres with over 1/2 mile of prime river frontage. The 4013+/- sqft 4 bed 3.5 bath home designed by Van Bryan Architects embraces nature to the fullest. An open floor plan with expansive epicurean kitchen, etched concrete floors, radiant heat, 5 sets of glass French doors, numerous windows and thoughtfully placed skylights that flood the space with warm light and river views. The living room has a gas fireplace and raised seating area with wet bar -it is the perfect landing spot to relax, visit and watch the river. The master bedroom is complete with large steam shower, travertine gas fireplace, double sinks, a seated vanity and large walk in closet. After a hard day of play, soak in the hot tub just outside the bedroom door. The laundry room and large mud room area complete the area attaching to the 2 car heated garage. Traveling up the floating staircase you will find two bedroom suites with full baths and a work area overlooking the river ,a perfect area for tying flies! On the W side of the house lies an attached 733 +/- sqft guest cottage with private entrance and 1 car heated garage. Natural light illuminates the 1 bedroom 1 bath space and it is self-sufficient with a laundry closet, living room, full kitchen and mud room area. Outside there are several inviting gathering places and a wood burning fireplace with river views. Walking the grassy path along the river you will find the historic 1919 Cabin where you can step back in time. The 1919 Cabin is perfect for day use, a studio or parties. (cannot be used as a living space). A wide variety of wildlife abounds in this ideal riparian habitat and river corridor. The fishery in this stretch of the river does not get much pressure due to the location, and encompassing both banks of the river, it presents an angler with more casting opportunities! There are too many incredible attributes of this special property to list here. It is a must see in-person offering. Location is key - just 20+/- minutes from downtown Bozeman - 78+/- miles to W entrance to Yellowstone National Park - 15+/- miles to Bozeman International Airport and close proximity to thousands of acres of public land for recreating. Stacey's Bar and Steakhouse is just down the road a piece. The property is protected in a conservation easement with Gallatin Valley Land Trust. The current owners stewardship shines through. Located between Bozeman & Big Sky! MLS# 408995
Property Area: 2G - Boz Area Gal Gtwy Subdivision: None Nearest City: Gallatin Gateway
Acres: 40
- 8200 Camp Creek Road, Manhattan MT 59741
PRICE: $1,150,000
Acres: 21.34 STATUS: Active MLS#: 408866
Located just south of the town of Amsterdam, this incredible 20-acre property offers a rare opportunity to own a piece of paradise in the Gallatin Valley. Camp Creek runs through the land, providing a serene water feature and a natural wildlife corridor. With no known covenants, this property offers unparalleled freedom for your vision, whether you intend to build a dream home, create a recreational retreat, or hold the land as a long-term investment. The property is situated just steps away from 154 acres of state land, providing additional space for exploration, privacy, and hunting. Potential homesites offer panoramic views of the Spanish Peaks and Bridger Mountains, while the view to the west is protected by a conservation easement covering over 700 acres of farmland. Legacy parcels featuring live water, mountain views, and access to public land, all while remaining close to the modern conveniences of Bozeman and Belgrade, are increasingly hard to find. Do not miss this chance to own a remarkable property in one of Montana's most sought-after areas. MLS# 408866
Property Area: 4MA - Manhattan Amsterdam Subdivision: None Nearest City: Manhattan
Acres: 21.34
- Lot 5 Francham, Bozeman MT 59715
PRICE: $975,000
Acres: 1 STATUS: Active MLS#: 408790
Rare 1-Acre Lot in Southeast Bozeman's Preserve at Aspen Springs. Welcome to one of just 9 homesites in The Preserve at Aspen Springs, a coveted small community on Bozeman's desirable south side. This exceptional 1-acre lot offers panoramic views of Mount Ellis, Frog Rock and the Gallatin and Madison Mountain Ranges. A 110-acre conservation easement directly in front of the lot guarantees forever protected views, wildlife, wildflowers and outdoor recreation with private walking trails and cross-country skiing trails. Enjoy the best of both worlds: secluded privacy and open space, all just minutes from Bozeman's top-rate schools, dining, shopping and amenities. With only 4 existing homes and several multi-lot owners, this low-density neighborhood ensures unmatched tranquility and natural beauty. A rare opportunity to build your dream home in one of Bozeman's most scenic and protected setting. Truly, one of Bozeman's last best lots!. MLS# 408790
Property Area: 2SE - Boz S of City E of 19th Subdivision: The Preserve at Aspen Springs Nearest City: Bozeman
Acres: 1
- 449 Minni Hall Road, Bozeman MT 59715
PRICE: $2,995,000
Acres: 10.16 STATUS: Active MLS#: 408685
Montana adventures await at this peaceful and private 10-acre mountain enclave, located just 20 min from Bozeman’s historic Main Street. Situated on a ridge against a 219-acre conservation easement, this property features unobstructed of the Bridger Mountains, horse barn and additional outbuildings. The home was built in 2020 and features 5,933 sq ft of well designed space. Enjoy stargazing and ever-changing skies from every window while viewing the abundant wildlife that frequents the property, including elk, moose, deer and more. Subject to light CCRs in a gated HOA with no county zoning, this property offers the freedom to pursue your Montana hobbies. 2-stall horse barn with hay storage, pasture fencing and cross fencing. An additional 2- bay 760+ sq ft shop/toy barn with carport at the entry of the driveway. No view or noise impact from I-90. This home features many upgrades including radiant heating and multiple mini split A/C units. Vaulted living room with stone surround gas fireplace, engineered hardwood floors. Office features western mountain views. The gourmet kitchen features GE Café appliances, granite counters and a dining island. Dining area accesses covered patio with in-slab radiant heat (no shoveling), perfect for indoor-outdoor entertaining. Adjacent mudroom/laundry area with large pantry, a pet wash, and new washer/dryer. The spacious main-level primary suite features a spa-like primary bath with soaking tub, and large, tiled shower. A 2nd guest bed on main has access to a ¾ bath. Upper-level large bonus room with walk-in closets and a tiled bathroom offers flexibility as an additional ensuite guest bedroom. Daylight lower level features walk-out to the covered patio with in-slab heat. Flex recreation room, a guest bedroom, a gym and a ¾ bath on this level. An expansive 1,818 sq ft, 4-bay 5-car attached garage features in floor heat and HRV system. Enjoy the security of a vault lock-off safe/storage room for hobbies/conditioned storage. Property features two 1,000-gallon buried propane tanks, 20-gal min well, a GENERAC backup power system, upgraded windows with custom shades and a Sonos system. Fire mitigation of vegetation and irrigated grounds around the structures. Multiple RV and equipment parking areas. Additional equipment avail for separate purchase. 30 min to MSU, 25 min to Bozeman Health Hospital, 35 min to Bridger Bowl, 25 min to Livingston and blue-ribbon waters of the Yellowstone River. Don’t miss the VR Matterport 360 tour! MLS# 408685
Property Area: 2T - Boz Area Trail Crk Subdivision: Certificate Of Survey COS Nearest City: Bozeman
Acres: 10.16
- 11203 Skinners Meadows Road Road, Jackson MT 59736
PRICE: $4,250,000
Acres: 515 STATUS: Contingent MLS#: 407852
The Big Hole River Ranch presents an unrivaled opportunity for those seeking a life intertwined with the wilderness. Spanning approximately 515 acres, a harmonious blend of lush meadows, dense timber, and over two miles of pristine Big Hole River frontage. There is an option to purchase a 203 acre portion of the ranch along the Big Hole River. The ranch’s unique location along the riverbanks provides a sanctuary for an astonishing array of wildlife, including deer, elk, moose, and excellent fishing. Private 4,000-foot grass airstrip, providing easy access for aviation enthusiasts. Senior water rights covering 232 acres. Cabin is 2,100, square feet, featuring three bedrooms and two baths. The property also includes a 48’ x 38’ foot horse barn with four stalls, and a 5 acre building envelope, offering the potential for expansion or customization. Conservation Easement in place. The seller is open to selling off a 203 acre portion of the ranch. MLS# 407852
Property Area: 7B - Beaverhead County Nearest City: Jackson
Acres: 515
- 1903 Mount Ellis Lane, Bozeman MT 59715
PRICE: $5,750,000
Acres: 119 STATUS: Active MLS#: 407600
1903 Mount Ellis Lane encompasses 119± acres in Bozeman’s highly sought after southeast corridor, offering a rare combination of scale, privacy, and proximity to town. The property includes an older farmhouse with a long term renter in place, providing flexibility and interim income while future plans are considered. Zoned Agricultural and Rural Residential, the land is free of covenants and conservation easements and borders state land with nearby Forest Service access. Gently expansive in feel, the property features perimeter fencing, a driveway already installed, pond has been excavated and electric pulled to the build site. Panoramic views stretch across surrounding farmland, the valley floor, and multiple mountain ranges, all just minutes from Bozeman. Locati Architects plans (including main home and shop) are available and negotiable with the sale, presenting a compelling opportunity to create a legacy estate or thoughtfully planned retreat in one of the area’s most desirable settings. MLS# 407600
Property Area: 2SE - Boz S of City E of 19th Subdivision: Other Nearest City: Bozeman
Acres: 119
- TBD Penwell Bridge Road, Belgrade MT 59714
PRICE: $4,875,000
Acres: 313.44 STATUS: Active MLS#: 407612
Discover this picturesque legacy farm located just outside of Bozeman with some of the oldest water rights from Ross Creek. Spanning 313 acres, this sub-irrigated farm offers alfalfa and naked oaks in addition to other crops which ensure income opportunities while maintaining exceptional privacy and breathtaking views of the Gallatin Valley. The conservation easement in place protects the land from development with the exception of an 8-acre build site, ensuring its agricultural and environmental value is preserved for future generations. Adding to its appeal, the South Fork Ross Creek meanders through the property, providing an excellent water source for irrigation and enhancing the scenic beauty of the farm. The 8-acre designated build site on the far north end of the property provides incredible privacy and unobstructed views. MLS# 407612
Property Area: 2N - Boz Area N of I90/City Subdivision: Other Nearest City: Belgrade
Acres: 313.44
- 65 Gold Coin Road, Hall MT 59837
PRICE: $389,000
Acres: 20 STATUS: Active MLS#: 407208
This beautiful 20-acre parcel is truly ready for your vision. Contractor-owned and thoughtfully prepared, the property comes with power already on-site and multiple ideal building locations just waiting for your dream home or cabin. Blackfoot high-speed fiber internet is right at the lot line—perfect for remote work, streaming, or just staying connected in the middle of Montana’s best outdoor playground. A septic system is already approved, and the area has a reputation for easy, productive wells. From your doorstep, enjoy walking-distance access to Flint Creek and thousands of acres of National Forest, offering endless opportunities for hunting, fishing, hiking, and exploring. And yes you're still less than an hour from major cities, giving you access to city amenities while living in peaceful seclusion. Access is year-round and maintained, just off Gold Coin Road with direct connection to scenic Highway 1. A conservation easement across the highway ensures your views stay wide-open and protected—forever. And of course a short ride to Discovery Ski Area, Philipsburg and Georgetown Lake. MLS# 407208
Property Area: 12M - Other Montana Counties Subdivision: Other Nearest City: Hall
Acres: 20
