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End-unit condo offering 1,608 square feet, 3 bedrooms, 2.5 bathrooms and an attached two-car garage—all at approximately $295 per square foot in Bozeman.

The functional two-story floor plan provides comfortable living space on the main level, including a gas fireplace, with all three bedrooms upstairs and mountain views from the upper level. As an end unit, the home benefits from additional natural light and privacy, while a mature tree just outside the back door adds a welcome touch of greenery and shade.

The attached two-car garage is a standout feature, with room for vehicles, bikes, skis and all the gear that comes with living in Southwest Montana. Recently deep cleaned and well maintained, the home is ready for its next owner.

With great access to shopping, dining, recreation and major routes around Bozeman, the property could work equally well as a primary residence or investment property. A practical Bozeman property offering good square footage, three bedrooms and the convenience of a two-car garage.
#415225

Bozeman

2714 Fen Way A

3 Beds

2 Baths

1,608 Sq.Ft.

$475,000

MLS#: 415225

Price reduced
Rare investment opportunity in the heart of West Yellowstone! This unique property combines residential living with exceptional commercial potential on two original lots combined into one expansive parcel, offering desirable B-3 Commercial zoning and endless possibilities. Whether you’re looking for employee housing, retail, warehouse space, offices, mixed-use development, or nightly lodging (subject to local regulations and approvals), this property is positioned to meet a wide variety of investment goals. Generate income from day one with two existing rental units, one "front" home featuring 3 bedrooms, 1 bathroom, kitchen, laundry room and living area. The back unit is complete with separate entrance, a kitchen, living room, laundry room, 3/4 bathroom and bedroom. There are five separate trailer pads, providing immediate cash flow while you plan for future development. The property also features SIX individual water and sewer hookups, adding tremendous value and flexibility for development. Ideally located within walking distance of West Yellowstone’s iconic Main Street, you’ll enjoy easy access to restaurants, shopping, entertainment, schools, grocery stores, outfitters, and Yellowstone Airport. Just minutes from the west entrance of Yellowstone National Park, this location benefits from millions of annual visitors and strong year-round demand for housing, lodging, and commercial services. Outdoor recreation is second to none. Enjoy world-renowned blue-ribbon trout fishing on the Madison River, boating and fishing at nearby Hebgen Lake, plus endless opportunities for hiking, mountain biking, horseback riding, wildlife viewing, snowmobiling, cross-country skiing, and exploring the surrounding Gallatin and Targhee National Forests. Whether you’re searching for an income-producing investment, a live-work opportunity, employee housing, or a property with exceptional redevelopment potential, this offering delivers unmatched versatility in one of Montana’s premier gateway communities. Continue generating income from the existing rentals and trailer pads, or capitalize on the flexibility of B-3 Commercial zoning to bring your vision to life. Commercial properties with existing cash flow, utility infrastructure, and redevelopment opportunities this close to Yellowstone National Park are increasingly rare. Don’t miss this chance to own a highly versatile, income-producing property in one of Montana’s strongest tourism and investment markets.
#413288

West Yellowstone

625 Firehole

4 Beds

None Baths

1,924 Sq.Ft.

$999,999

MLS#: 413288

Looking for a little ground to let your critters wander and nibble? This 0.642-acre property in Geraldine, Montana spans four city lots with plenty of room to work with — build a home, put up a shop, or add a garage. Geraldine sits in the heart of Montana's ag country, with great bird and deer hunting right out the back door. Elk country isn't far either, with Square Butte and the Highwood Mountains both within reach, and the Missouri River nearby for anglers looking to wet a line.
#414363

Geraldine

TBD Clary Avenue

None Beds

None Baths

0.642 acres

$25,000

MLS#: 414363

Live the Montana life you came for.  Step out your door and walk to the Gallatin River. Cast a line in the blue ribbon water before dinner.  Watch the light settle through the trees from your private back deck. This is the Montana lifestyle people dream about- and at the Railway, its effortless.  Tucked at the end of a quiet cul-de-sac, this cottage sits in one of the community's most desirable locations, backing to the peaceful meadow. Designed for simplicity and quality, Railway offers low maintenance living so you can spend more time skiing at Big Sky, hiking nearby trails, golfing, fishing, or catching a flight out of Bozeman Yellowstone International Airport just minutes away. Inside, thoughtful designer upgrades elevate everyday living- 10' kitchen cabinetry, central AC, upgraded appliances, a generous pantry, and a tall garbage with ample storage for all your gear.  Whether it's fly rods, skis, bikes, or paddle boards, theres room for the lifestyle you want to live. Perfect as a lock-and-leave second home, a comfortable primary residence, or an investment with strong rental history, this home offers flexibility without compromise.  Come experience what makes this place different-not just a home, but a gateway to everything Southern Montana has to offer.
#408859

Bozeman

103 Depot Drive

3 Beds

2 Baths

1,382 Sq.Ft.

$619,500

MLS#: 408859

Set on 140± acres of open rangeland northwest of Belgrade, Hidden Spring Hills offers a rare chance to own a vast and unspoiled piece of the Gallatin Valley—an increasingly scarce opportunity in a region undergoing rapid development. This land is the main event: wide horizons, unobstructed mountain views, and a quiet that speaks to what Montana once was. Minimal covenants. No HOA. No commercial encroachment. Just space, sky, and possibility.
Beautiful rolling acreage with water rights (a 350 gpm irrigation well stands ready for a future owner to put water to work) and southern exposures offers pasture land for horses and livestock as well as space for all of your recreational needs– horseback riding through sunlit meadows, hiking hidden trails, sledding down snow-covered hills, cross-country skiing, or quietly observing the rhythm of wildlife in every season. Develop your own trails or follow the game trails that take you past distinctive rock outcrops, a small hidden natural spring, ravines and meadows sheltering wildlife, birds, flowers, and native grasses. 
At the heart of the parcel stands the historic Quaw Mansion– a Queen Anne landmark built in 1892 and relocated here decades ago as part of a preservation effort. The structure has been stripped to the studs and has roughed in plumbing and electrical. Its architectural bones and period details remain, waiting for a future owner to restore its legacy or reimagine its footprint. A fully finished walk-out basement provides comfortable living quarters while plans for the upper levels take shape. A detached 40'×40' shop adds valuable space for equipment, toys, or staging a renovation.
Indulge in blue-ribbon fishing on the East Gallatin River, just three minutes away, or plan an adventure into the nearby Gallatin National Forest, offering big game hunting and camping. From the homesite, take in spectacular views overlooking the East Gallatin and the rural farms and ranches that sweep outward to meet the majesty of five surrounding mountain ranges.
With its scale, privacy, water, wildlife, and storied past, this property is ideal for someone seeking solitude, long views, and a tangible connection to the valley’s heritage—before the subdivisions, before the traffic, before the sprawl. Whether preserved, rebuilt, or redefined, the land speaks for itself.
#403844

Belgrade

5835 Spaulding Bridge Road

5 Beds

3 Baths

4,418 Sq.Ft.

$3,250,000

MLS#: 403844

COMMERCIAL OPPORTUNITY with EXISTING INCOME & SHOP on 3+ Acres. NO COVENANTS & HOA. Don't miss this exceptional investment opportunity located on the highly sought-after Bozeman-to-Big Sky corridor, boasting ~520 feet of premium frontage on Gallatin Road / Hwy 191. This unique property offers incredible visibility, flexibility, & long-term, future potential in one of Southwest Montana's fastest-growing markets with approximately 16,000 vehicles passing daily. This strategic location captures year-round commuter, recreation, tourism, & Yellowstone traffic traveling between Bozeman, Four Corners, Gallatin Gateway, & Big Sky. Whether you're an investor, developer, entrepreneur, or business owner, opportunities with this level of exposure are becoming increasingly rare.

The property includes multiple tenant occupied modular residences, & a shop that provide immediate utility for storage, rental income, business operations, or live/work flexibility. While the existing improvements offer short-term functionality, the true value lies in the land itself & the commercial opportunity it presents.

Unlike many properties, this parcel benefits from no zoning restrictions, allowing exceptional flexibility for a wide variety of future uses. Potential opportunities include mixed-use development, workforce housing, contractor or service-based businesses, retail, hospitality, convenience services, storage, or other commercial ventures designed to meet the growing needs of this rapidly expanding corridor.

Positioned between Bozeman (14 miles), Belgrade (15 miles), & Big Sky (25 miles), this property sits within the path of continued growth where commercial land with Hwy 191 frontage remains in limited supply & rarely exchanges hands. As development continues to expand south from Bozeman & north from Big Sky, well-positioned parcels like this are becoming increasingly difficult to find. With multiple access points, outstanding visibility, & unmatched location, this is an opportunity to secure land where future demand is expected to continue outpacing supply.

Whether you're looking to establish a business, expand your investment portfolio, generate interim income, or position yourself for future development, 72652 Gallatin Road offers the location, flexibility, & long-term upside that savvy buyers recognize. Opportunities with this combination of frontage, acreage, & development potential rarely become available.
#412699

Gallatin Gateway

72652 Gallatin Road

None Beds

None Baths

N/A

$1,799,999

MLS#: 412699

North Pass Ranches offers something exceptionally rare in the Bozeman market: the privacy and freedom of expansive ranch ownership paired with established infrastructure, thoughtfully curated amenities, and dedicated on-site stewardship.

The community has been thoughtfully designed to support an active ranch lifestyle. Amenities include a full-time ranch manager on-site, Ranch Headquarters, equestrian facilities, stocked fishing ponds,  and more than 10 miles of developed horseback-riding and hiking trails winding throughout the property. Owners also benefit from direct access to a full section of State of Montana land—approximately 640 additional acres—that is otherwise landlocked and therefore experiences very limited public use.

Quietly tucked among fragrant pines, Parcel 12 enjoys a peaceful sense of seclusion while remaining conveniently close to Ranch Headquarters and the community’s equestrian facilities. Open pastureland and panoramic mountain views create an exceptional setting for a custom residence, horses, and livestock. With paved roads extending all the way from Bozeman, plus wells and power already brought to every homesite, North Pass offers a level of readiness rarely found among large-acreage properties—making each parcel truly build-ready.

Elk, moose, deer, bears, and other native wildlife regularly move through the ranch’s natural corridors, reinforcing the extraordinary connection to the landscape. Whether riding from the equestrian facilities, fishing the ponds, exploring miles of trails, or simply taking in the views from home, North Pass offers a lifestyle that extends far beyond the boundaries of an individual parcel.

The scale, setting, and lifestyle of North Pass are difficult to fully capture through photographs or words. This is a property—and a community—that truly must be experienced in person.
#411031

Bozeman

Ranch 12 North Pass Ranches

None Beds

None Baths

68.0 acres

$3,175,000

MLS#: 411031

Prime development opportunity and READY TO BUILD!  Offering features 0.30 hard to find acres in the North Forty subdivision of Ennis, MT – zoned Core Commercial-Residential (C-CR).  Tremendous visibility and seamless access to and from MT Highway 287.  Lot 2 is DEQ approved for two (2) combination 2-unit residential and 2-unit commercial buildings. This high density commercial/mixed-use site includes the convenience of city water and sewer, and is a great candidate for apartments, office space, curated retail, food & beverage and more.  Perfectly situated in the heart of the subdivision, with forever views towards the towering Madison Range.  Main St. conveniences, new Madison Foods grocery store, Madison Valley Medical Center, Sure Shot Coffee Co, Ace Hardware, Madison Theatre, and more are all just a short walk from this centrally located blank canvas. The unspoiled western charm of Ennis and countless recreational opportunities bring significant tourism and astounding visitation numbers throughout the year.  Bozeman, Big Sky Resort and Yellowstone NP are each an hour drive +/-.  Endless options for this best-in-class location -- in a blossoming area of town.  Bring your plans and start building today.
#410705

Ennis

Lot 2 Block 5, North Forty

None Beds

None Baths

0.3 acres

$229,000

MLS#: 410705

Set on 20 private acres with sweeping views of the Madison and Centennial mountain ranges, 23 Lake Trail offers a rare opportunity to experience Montana at its finest. Located in the highly sought-after Madison River Ranches, this property combines space, privacy, and access to some of the region’s most iconic outdoor recreation.

Originally built in 2002 and extensively renovated in 2015, the home blends classic log construction with thoughtful updates and modern livability. The exterior logs were professionally restored in fall 2024, enhancing both the home’s durability and its timeless Montana character.

Inside, the main level features an open and inviting layout with distinct spaces for dining, relaxing, and gathering, complemented by a generously sized pantry for added functionality. The upper level offers a flexible, open-concept design with a kitchenette, ideal for hosting guests, extended stays, or creating a separate living space.

A spacious three-car garage/shop provides ample room for vehicles, equipment, and all the gear that comes with Montana living.

Ownership in Madison River Ranches includes access to over 55 acres of shared open space and private Madison River frontage, an exceptional amenity for world-class fly fishing and quiet days along the water. Just minutes from National Forest access, Cliff and Wade Lakes, and within easy reach of Hebgen Lake, Henry’s Lake, and Yellowstone National Park, this location places endless recreation right at your doorstep.

Whether you’re looking for a private retreat, a basecamp for adventure, or a property to enjoy for generations, 23 Lake Trail delivers scale, views, and access in one compelling package.
#410326

Cameron

23 Lake Trail

3 Beds

2 Baths

3,136 Sq.Ft.

$895,000

MLS#: 410326

22,150 +/- SF Steel building on 4 Acres. The main building has 1200 AMPs of 3 Phase power, natural gas, and compressed air. There is no fire suppression currently, but can be added for an additional cost. There is also 2,150 SF office building and 20,000 SF steel building.  The property has several points of ingress/egress with additional driveways possible. This is a very convinient location between Bozeman and Big Sky, MT. Lease to own option also available.
#407339

Bozeman

88 Life Link

None Beds

None Baths

22,150 Sq.Ft.

$12

MLS#: 407339

This beautiful single-level condo features an open-concept living space with vaulted ceilings in the great room and real hardwood floors. The kitchen is designed with a sleek look, offering white cabinets, stainless-steel appliances, and striking black granite countertops. In addition to the 2-stall garage, the property includes abundant parking. This condo offers a functional and stylish layout and is conveniently located at four corners between Belgrade and Big Sky.
#415250

Bozeman

33 Naomi Rose A

3 Beds

2 Baths

1,536 Sq.Ft.

$499,000

MLS#: 415250

Welcome to this inviting 3-bedroom, 2.5-bathroom condo perfectly situated in the heart of Bozeman. The main level features laminate wood flooring
throughout, a cozy gas fireplace, a functional kitchen with adjoining dining area, a convenient half bath, and direct access to the attached one-car
garage. Upstairs, you’ll find a spacious primary bedroom with an ensuite bathroom, two additional bedrooms, a full bath, a dedicated laundry area,
and a versatile loft/living space ideal for an office, media area, or playroom. This condo offers exceptional convenience with its central location—
providing quick access to Montana State University, local shopping and amenities, and Yellowstone International Airport. Whether you’re seeking a
full-time residence or an investment property, this home delivers comfort, practicality, and unbeatable convenience in one of Bozeman’s most
desirable areas.
#414804

Bozeman

1103 Baxter Creek Way A

3 Beds

2 Baths

1,569 Sq.Ft.

$485,000

MLS#: 414804

Lone Peak is a commanding view from each window in this LakeLodge Residence. Sitting on the second floor, the property affords convenient single level living, a large outdoor deck, and lock-and-leave for peace of mind.

The 2-bedroom, 2-bath residence is the perfect location from which to experience all of Big Sky. Complete with an open kitchen, dining and living area. The ceilings are tall, the windows span from wall to wall and a fireplace beckons after a long day recreating outdoors. 

In winter, the terrain of Big Sky Resort beckons to all levels, while nordic trails originate just outside the LakeLodge and course throughout Moonlight Basin. Summer turns those same trails over to hiking, biking, and the convenience of Ulery’s Lake is just a few steps away.

The LakeLodge amenities function as an extension of the residence with outdoor pool and two hot tubs, daily restaurant and bar, fitness center, indoor sport court, golf simulator, dedicated children's space, owners' mudroom with private ski lockers, and Moonlight Outfitters activities and events running through both seasons. The range of access is truly unlimited at this one-of-a-kind location. 

Ulery's Lake Lake boasts paddling, fly fishing, and guided hikes in summer —  and Nordic, snowshoe, and fat tire trails come winter. Access is everything here, and just down the road, One&Only Moonlight Basin adds another layer of hospitality, with additionally dining and a full spa.

Ownership provides the opportunity for a Moonlight Club membership, which extends past the LakeLodge into the golf experience at The Reserve, a range of dining, and the club's recreation and social calendar across the basin. Property currently has a sports membership.
#414709

Big Sky

4 Boathouse Way, LakeLodge 225

2 Beds

1 Baths

1,130 Sq.Ft.

$3,300,000

MLS#: 414709

Built in 2024 and beautifully landscaped, this 1,482± SF home in Silver Star offers a thoughtful two-level design framed by the impressive Tobacco Root Mountains. The main level features comfortable living spaces, a half bath, convenient laundry area, and direct access to the attached single-car garage. Upstairs, the primary suite includes a private full bath and walk-in closet, while two additional bedrooms share a second full bathroom. Outside, a covered front porch provides a welcoming entrance, while the privacy-fenced backyard and underground sprinkler system complement the property's incredible landscaping. Located just minutes from river access, this newer home offers an appealing combination of modern construction, outdoor space, and access to the natural beauty and recreation that make the Silver Star area so special.
#414479

Silver Star

58 Loch Leven Lane

3 Beds

2 Baths

1,482 Sq.Ft.

$439,500

MLS#: 414479

Set at the Valley's Edge, where the open valley floor begins to rise into the mountain hillsides, the property carries a distinct character that sets it apart from typical valley-floor acreage. The landscape includes aspen groves, timbered draws, mature vegetation, native range, water influence, and varied topography, capturing the quiet, untouched character that defines this remarkable region.

The discerning buyer looking for that rare find will appreciate the unique offering this 210± acre holding represents. Located just west of Lakeview in the heart of Montana’s storied Centennial Valley, this exceptional property offers an opportunity for the buyer seeking privacy, beauty, wildlife habitat, and a true connection to the land.

Jones Creek runs through the property, attracting wildlife and enhancing the natural setting. The surrounding Centennial Valley, near the famed Red Rock Lakes National Wildlife Refuge, is also known for its abundance of native bird species, including sandhill cranes, waterfowl, and raptors.

This is a place where you can exist quietly alongside the land and its wildlife. Wildlife moves freely here, largely undisturbed, as it has for generations. Mature vegetation, timbered draws, water, and natural screening from the terrain create a level of seclusion that allows you to be truly tucked away—out of sight, out of mind—where even neighbors and the wider world feel a long way off.

With its remote location, diverse terrain, strong habitat value, and unmistakable Centennial Valley setting, this tract is well suited as a private retreat, recreational basecamp, conservation-minded holding, or legacy land investment in one of Southwest Montana’s most remarkable valleys. The property is currently not encumbered by a conservation easement, preserving flexibility for the next owner while also creating the opportunity to explore a voluntary conservation easement in the future if long-term habitat protection, open-space preservation, or stewardship planning align with their goals.

Rarely do properties of this size and character come available in the Centennial Valley. This is a true opportunity to own a piece of one of Montana’s most unspoiled and quietly extraordinary landscapes.

All information is presumed reliable and accurate, but Buyer and Buyer’s agent are responsible for completing their own due diligence to their satisfaction.
#410698

Lakeview

Valley's Edge at Jones Creek Ranch Road

None Beds

None Baths

210.0 acres

$1,900,000

MLS#: 410698

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.

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