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$2,031,180
410158 MLS
State land lease transfer with improvements. This industrial property is ready for your development. Build your property with ease by accessing land at a reasonable rate through a 99 year lease with the state of Montana. All utilities and improvements finished. Unbelievable location between I-90 and Frontage off of Nth 7th. Easy access to amenities. This parcel is ready for your development.

TBD Wheat Drive - Lot 6f, Bozeman

Courtesy of Katie Adams with McKenna Adams Commercial.
$515,000
5 Beds ⋅ 3 Baths ⋅ 407724 MLS
Spacious, Budget-Friendly Home in a Quiet Cul-de-Sac Priced to sell, this large 5-bedroom, 3-bath home offers exceptional space and value in a peaceful cul-de-sac just outside of Belgrade. Situated on over a half-acre lot in a nice, quiet neighborhood, this property is perfect for anyone looking for room to grow without restrictive rules. Enjoy the freedom of minimal covenants, with allowances for building shops and garages—ideal for hobbyists, storage needs, or future expansion. The generous lot size provides plenty of outdoor space for family life, entertaining, or simply enjoying Montana’s wide-open feel. Inside, the home features a large family-friendly layout with ample bedrooms and living space to accommodate a busy household. A brand-new roof (less than one year old) adds peace of mind and value. Conveniently located near the I-90 interchange for quick and easy access, yet far enough away that you won’t see or hear the interstate, this home offers the perfect balance of accessibility and tranquility. If you’re looking for a solid, affordable property with space, flexibility, and a quiet setting, this one is well worth a look.

378 Hereford, Belgrade

Courtesy of Brad Blanchette with Keller Williams Montana Realty.
$4,290,000
6 Beds ⋅ 6 Baths ⋅ 409288 MLS
Perched above the Gallatin River with commanding, unobstructed views stretching across the valley, this is one of the most exceptional homesites in the Bozeman area. From the moment you enter the stone clad with timber pillars, the 20.5 acre property reveals its striking design, featuring a dramatic open-air concept between levels that creates a seamless flow of space & light. Expansive windows frame the river & mountains like art, filling the home with natural light & protected views. Designed for both entertaining & everyday comfort, the 6,537 SF home features 6 spacious bedrooms, 6 bathrooms, a chef’s kitchen, a private library, an executive office, fully equipped theater room & lower level kitchen with wine cellar. Every floor has bedrooms, with the primary en suite on the upper level complete with its own fireplace & breathtaking views. This creates a private sanctuary within the home. Spacious bedroom on main floor could easily be converted to an additional primary en suite. The chef’s kitchen opens seamlessly to the fireplace-centered living room, creating an ideal setting for gathering & entertaining. From there, step into an exceptional outdoor living space designed to capture sweeping river & mountain views, complete with a statement outdoor fireplace & a premium vented BBQ. The property continues to impress with an outdoor pond & a beautifully designed 1,272 SF guest house, offering the same level of quality and attention to detail. It features a spacious kitchen, 2 beds, 2 baths, a/c & its own fireplace. Ideal for hosting guests, a care taker or accommodating multigenerational living in comfort and style. A massive 3,600 SF shop/barn provides exceptional versatility, featuring five stalls, pass-through access, hay storage, an RV-height garage door & extensive space for equipment, recreational vehicles, or hobbies. As part of GRR, ownership includes access to: walk-out Gallatin River frontage (3 min. from this home), 640 acres of State Land & 270 acres of Fish & Wildlife land. A privately owned world-class equestrian center within the ranch offers boarding, training, and both indoor & outdoor arenas. Enjoy miles of riding trails, blue-ribbon fly fishing & the quiet beauty of Montana living—all just 25 minutes from Bozeman, with convenient access to Yellowstone International Airport & recreation in Big Sky. A rare opportunity to own a legacy estate with top of the world views. Call your favorite realtor for a private showing.

1240 Twin River Cutoff, Manhattan

Courtesy of Nancy Clark with AmeriMont Real Estate.
$1,499,000
3 Beds ⋅ 3 Baths ⋅ 410138 MLS
Your pristine mountain retreat, architecturally designed and custom built, awaits you! This property offers stunning mountain views, pastureland for horses, and exceptional peace and quiet. The custom-designed and functional home features a great room with soaring ceilings and expansive windows that showcase forest and mountain vistas. Beechwood and knotty pine cabinetry, pine railings, doors and trim, and engineered hickory floors. The main level includes the living area with fireplace for cozy winter evenings, power blinds, a primary suite, guest bath, and an oversized two-car garage. The second-floor loft provides additional space for guests, while the walk-out basement includes two large bedrooms, a full bath, and a family room. The rolling hills surrounding this property offer a haven for wildlife. Outdoor amenities include multiple outdoor decks with a hot tub and stunning mountain views. Pick your outdoor space and enjoy the peace, serenity and abundant wildlife, such as moose, deer, elk and more. Comes with a 10x20 She or He shed with multiple uses, such as greenhouse, playhouse, or storage for equipment. For added peace of mind, the home is well-equipped with an ultra-water filtration system to include reverse osmosis, as well as a water softener, and generator wiring. In addition there is high-speed fiber internet and an archery range! With almost 11 acres of land, there is room for a barn for horses or a shop! This well loved and impeccably maintained mountain property is less than 10 minutes to I-90, 20 minutes to Bozeman's thriving downtown, 35 minutes to Bozeman Yellowstone's International Airport and just 25 minutes to world class skiing at Bridger Bowl.

525 Colt Road, Bozeman

Courtesy of Sue Frye with ERA Landmark Real Estate.
$399,900
1 Beds ⋅ 1 Baths ⋅ 30068397 MLS
Experience downtown Bozeman living at its finest in this stylish third-floor Village Downtown condo. Ideally located in the heart of the city, this 1-bedroom, 1-bath residence offers approximately 867 square feet of thoughtfully designed living space with an open-concept layout that lives larger than its footprint. Soaring ceilings and expansive windows fill the home with natural light, while showcasing beautiful Bridger Mountain views. Step out onto your private balcony patio to take in the scenery and enjoy morning coffee or evening relaxation. The efficient floor plan features a spacious living area, beautiful kitchen, and comfortable bedroom retreat. Radiant heat provides year-round comfort, and the low-maintenance condo lifestyle makes this an ideal primary residence, second home, or investment opportunity. Located just steps from downtown Bozeman, you’ll enjoy easy access to the public library, Lindley Park, restaurants, shopping, and vibrant local amenities. Whether you’re seeking a lock-and-leave property or a centrally located home base, this Village Downtown condo delivers convenience, views, and modern urban living.

150 Village Crossing Way Unit 3G, Bozeman

Listing courtesy of Listing Agent: Dina Emmert | dina@windermere.com from Listing Office: Windermere Great Divide Bozeman.
$5,390,000
409694 MLS
Positioned for commercial potential in the highly sought-after Springhill area of Gallatin Valley, this property offers 33 acres with 20+/- acres eligible for subdivision or future development. With no HOA and no active covenants, this property presents a rare opportunity for investors, event operators, or equestrian ventures seeking flexibility and expansion potential just 8 miles from Bozeman and 10 minutes from BZN/Yellowstone International Airport. At the heart of the property, the historic Star M Barn—originally hand-raised in 1917 and extensively restored from 2018 to present—offers exceptional versatility as an established seasonal wedding venue, with potential for expanded event operations or alternative commercial uses such as an equestrian facility. The barn features a fire suppression system, high-speed internet capability, LED lighting, and a propane fire pit, creating an inviting and functional gathering space. Set against sweeping views of the Bridger Mountains and Ross Peak, the property includes a seasonal creek flowing through the property. Multiple residential structures enhance both livability and income potential, including a 3 bed, 2 bath reclaimed lumber guest house (2022), a newly completed 1 bed 1 bath guest cabin (2024) and an upgraded 4 bed, 2 bath historical farmhouse with new furnace and septic. Additional improvements include a heated and insulated 40x60 shop (2021), converted office space, and an RV pad with full hookups. For agricultural or equestrian operations, the property is equipped with a corral area, small smokehouse, and two squeeze chutes. The north and south 10-acre parcels remain undeveloped and are currently leased for farming, offering agricultural tax benefits. Infrastructure is in place for future expansion, including 800-amp electrical service, four wells, and three septic systems—two of which allow for additional structures. Combining commercial opportunity, development potential, and Montana heritage, Star M is a truly rare offering suited for investors, business owners, or those seeking a legacy property with multiple revenue streams.

4186 Stimson Lane, Belgrade

Courtesy of Ami Sayer with Berkshire Hathaway - Bozeman.
$399,900
1 Beds ⋅ 1 Baths ⋅ 410056 MLS
Experience downtown Bozeman living at its finest in this stylish third-floor Village Downtown condo. Ideally located in the heart of the city, this 1-bedroom, 1-bath residence offers approximately 867 square feet of thoughtfully designed living space with an open-concept layout that lives larger than its footprint. Soaring ceilings and expansive windows fill the home with natural light, while showcasing beautiful Bridger Mountain views. Step out onto your private balcony patio to take in the scenery and enjoy morning coffee or evening relaxation. The efficient floor plan features a spacious living area, beautiful kitchen, and comfortable bedroom retreat. Radiant heat provides year-round comfort, and the low-maintenance condo lifestyle makes this an ideal primary residence, second home, or investment opportunity. Located just steps from downtown Bozeman, you’ll enjoy easy access to the public library, Lindley Park, restaurants, shopping, and vibrant local amenities. Whether you’re seeking a lock-and-leave property or a centrally located home base, this Village Downtown condo delivers convenience, views, and modern urban living.

150 Village Crossing Way Unit 3G, Bozeman

Courtesy of Dina Emmert with Windermere Great Divide-Bozeman.
$360,000
2 Beds ⋅ 2 Baths ⋅ 410014 MLS
Seller is offering $5,000 in buyer credits at closing, which can be used for a rate buydown, prepaid items, or closing costs. This well-maintained 2-bedroom, 1.5-bath condo features 1,120 sq. ft. of comfortable living space and is conveniently located just a 15-20 minute walk—or a quick 2-minute drive—from Montana State University. Ideal for students, professionals, first-time buyers, or savvy investors, this property blends comfort and convenience. Enjoy easy access to downtown Bozeman’s vibrant shops, acclaimed restaurants, and abundant outdoor recreation. Inside, relax by the cozy wood stove, cook in your own kitchen, take advantage of in-unit laundry, and enjoy your private one-car garage. Don’t miss your chance!—Schedule a tour today!

220 S 16th Unit D, Bozeman

Courtesy of Lewis England with PureWest Real Estate Belgrade.
$3,177,000
5 Beds ⋅ 5 Baths ⋅ 409885 MLS
Welcome to this extraordinary residence in Bozeman’s coveted Home 40, where luxury meets Montana’s breathtaking natural beauty. Set within one of the area’s most sought-after communities, known for its private ponds, outdoor pool, clubhouse, fitness center, and more than three miles of trails, all just minutes from Hyalite Canyon and downtown Bozeman, this home offers an unmatched lifestyle. A covered front entry welcomes you into a stunning foyer, where a sweeping staircase creates an unforgettable first impression. Just off the entry, an elegant dining space is highlighted by a designer accent wall. The heart of the home is the breathtaking chef’s kitchen, thoughtfully designed with a grand center island, expansive prep space, Thermador appliance package, custom statement range hood, oversized windows, and a sink perfectly positioned to capture serene pond views. The adjoining great room is equally impressive, featuring beautiful ceiling beams, a striking fireplace, and a charming window seat, all framed by incredible natural light. A four-panel sliding glass door opens seamlessly to the covered patio, where mountain views and the shimmering pond create a stunning backdrop for indoor-outdoor living. Tucked just off the great room are two spacious guest bedrooms and a beautifully appointed full bath. On the opposite side of the kitchen, a generous walk-in pantry provides exceptional storage, while the elegant powder bath is enhanced by motion-activated ambient cabinet lighting beneath the vanity, offering both sophistication and convenience. Privately situated in its own wing, the primary suite features peaceful views and a spa-inspired ensuite with a freestanding soaking tub, walk-in tile shower with bench seating, multiple showerheads, and a beautifully designed walk-in closet. The hallway leads to a thoughtfully designed everyday living zone with a mudroom complete with bench seating, hooks, and built-in storage. Just beyond, the spacious laundry room offers abundant cabinetry, generous workspace, and a utility sink. The attached heated three-car garage adds both comfort and functionality year-round. Upstairs, you’ll find two additional bedrooms, each with walk-in closets and private ensuite baths, plus a large flex space. Set on one of Home 40’s premier homesites with pond frontage, mountain views, and access to neighborhood amenities, this custom home is the perfect blend of timeless elegance, thoughtful design, and Montana luxury living.

494 Clancy Way, Bozeman

Courtesy of Kelsey Renevier with Coldwell Banker Distinctive Pr.
$1,495,000
2 Beds ⋅ 2 Baths ⋅ 410076 MLS
LOCATED ON A 5.22 ACRE PARCEL of COMMERCIALLY ZONED LAND, this Charming 2 Bedroom/ 2 Bath Historic Remodeled Log Cabin is an Active and Successful Short-term Vacation Rental! AND Only 17 Miles from West Yellowstone and Iconic Yellowstone National Park! This is a Great Commercial Investment Opportunity too! AND the Parcel is Adjacent to Forest Service Land AND Within Walking Distance to Gorgeous Hebgen Lake! See attached Video Tour! AND There are Multiple Options for Additional Commercial Development if Desired per County Commercial Zoning. Enjoy the Endless Recreational Opportunities Winter, Spring, Summer, and Fall- Flyfishing, Boating, Hiking, Skiing, Snowmobiling, Sightseeing, and More!

212 Hebgen Lodge Road, West Yellowstone

Courtesy of Andie Withner with Montana Territorial Land Co.
$5,390,000
4 Beds ⋅ 2 Baths ⋅ 409693 MLS
Nestled in the picturesque Springhill area of Gallatin Valley, the Star M estate is set on 33 sprawling acres and features the landmark Star M barn. The historic, hand-raised barn—originally built in 1917—has been meticulously restored and renovated from 2018 to the present. The barn is an iconic feature, blending rustic character with modern upgrades like fire suppression system and high-speed internet. The main level of the barn is outfitted with horse stalls, offering immediate equestrian use. The upper level has been used as a wedding venue in recent years, offering views of Ross Peak and the Bridger mountains, along with a seasonal creek that meanders through the beautifully kept grounds. For those seeking small-scale agricultural or equestrian opportunities, the property includes a corral, small smokehouse, and two squeeze chutes. Additionally, the north and south 10-acre pastures remain undeveloped and leased for farming, offering agricultural use and tax benefits. The property also includes multiple residential structures, supporting flexible farm or ranch living. The reclaimed lumber main guest house, completed in 2022, features three bedrooms and two baths, while the renovated original farmhouse offers four bedrooms and two baths, along with a new furnace and septic system. A newly finished guest cabin with one bedroom and one bath provides additional space for guests or income potential as a VRBO/Airbnb rental (2024). Additional amenities include a heated and insulated 40x60 shop (built in 2021), ideal for equipment or hobby use, a renovated shed converted into office space, and an RV pad with full hookups. With all-new electrical (800-amp service), four wells and three new septic systems—two allowing for added structures—the property is well-suited for future expansion or possible subdivision. Whether you envision it as a small farm, horse property, or rural acreage close to Bozeman, Star M Barn is one of a kind. Schedule your private tour today!

4186 Stimson Lane, Belgrade

Courtesy of Ami Sayer with Berkshire Hathaway - Bozeman.
$1,495,000
2 Beds ⋅ 2 Baths ⋅ 410035 MLS
Great Commercial Investment Opportunity! A 5.22 Acre Parcel of Land Only 17 Miles from West Yellowstone and Iconic Yellowstone National Park! Plus a Charming Historic Remodeled Log Cabin which is an Active VRBO Short-term Vacation Rental! AND the Parcel is Adjacent to Forest Service Land AND Within Walking Distance to Gorgeous Hebgen Lake! See attached Video Tour! AND There are Multiple Options for Additional Commercial Development if Desired per County Commercial Zoning. Enjoy the Endless Recreational Opportunities Winter, Spring, Summer, and Fall- Flyfishing, Boating, Hiking, Skiing, Snowmobiling, Sightseeing, and More!

212 Hebgen Lodge Road, West Yellowstone

Courtesy of Andie Withner with Montana Territorial Land Co.
$1,670,000
3 Beds ⋅ 3 Baths ⋅ 410066 MLS
Historic home blocks from Downtown and MSU with a Guest House, Sauna, Pool & Double Lot Step into timeless charm with this beautifully maintained historic property, ideally located just blocks from downtown and Montana State University. Nestled in the sought-after Bon Ton Historic District, this rare offering spans two spacious city lots. The property includes a two-car garage, ample parking spaces, and an additional large carport that could be used for RV parking or storage. The 2791 sq ft main residence features 3 bedrooms and 2.5 bathrooms, highlighted by warm inviting living spaces and distinctive architectural details throughout. Gather around the wood-burning stove with its built-in pizza oven—perfect for entertaining or enjoying cozy evenings at home. A separate 1078 sq ft guest house (ADU) adds exceptional versatility, offering 1.5 bedrooms and 1 full bathroom—ideal for guests, rental income, a private office or multifamily living. Bringing the total square footage of the property to 3869 sq ft. ADU comes furnished. Outdoors, the property truly shines. The expansive backyard is a private oasis filled with mature trees, offering a space to relax or entertain. Enjoy year-round wellness with a private sauna, outdoor shower, and an indoor swim spa pool. With its unbeatable location, historic charm, generous lot size, and flexible living options, this is a rare opportunity to own a truly special property in one of the area’s most desirable neighborhoods. Schedule your showing today and experience the unique character and lifestyle this one-of-a-kind home has to offer. No known covenants.

916 S Willson Avenue, Bozeman

Courtesy of Noelle Carpenter with eXp Realty, LLC.
$410,000
3 Beds ⋅ 3 Baths ⋅ 410041 MLS
Check out the immaculate condition of this 3 bedroom, 2.5 bath Typha Court condo. Lovingly cared for and updated, the 1400+ square feet of living space are light, bright, clean and comfortable. The main level features an open kitchen and living room, tiled half bath and laundry room that conveniently connects to the single car attached garage. Upstairs, the spacious master bedroom has an ensuite bathroom with dual vanities, and two additional bedrooms that share a full bathroom. The great location is just a few blocks from North Bozeman's schools, popular stores, restaurants, breweries and the post office. Just minutes to I-90 and the airport, this condo is a great jumping off point for all your adventures; local and global!

2685 Typha Court Unit 3, Bozeman

Courtesy of Chris Haas with Bozeman Brokers.
$5,390,000
4 Beds ⋅ 2 Baths ⋅ 408804 MLS
The unique Star M estate is set on 33 acres and offers breathtaking views of the Bridger Mountains and Ross Peak, with Bostwick Creek flowing through the property seasonally. Located just 8 miles from Bozeman and 10 minutes from BZN/Yellowstone International Airport, it provides the perfect balance of rural tranquility and convenience to all that Bozeman and the Gallatin Valley have to offer. The property features multiple residences, each blending comfort with Montana elegance. The main guest house (2022, 1,788± sqft) blends timeless rustic character with refined, high-end finishes. Its open-concept layout flows from a well-appointed kitchen into dining and living areas anchored by a wood-burning stove, with expansive windows framing incredible views. Two bedrooms and two baths are on the main level, with a non-egress bedroom, office, and utility space below. The renovated farmhouse blends original charm with modern updates, including refinished hardwood floors, and an updated kitchen. Offering 4 bedrooms and 2 baths across two levels with a basement, the layout provides generous spaces and comfortable living. A newly completed (2024) one-bedroom, one-bath guest cabin (650± sqft) is designed with reclaimed lumber and modern finishes, and offers ideal guest accommodations or a turnkey VRBO/Airbnb opportunity. Breathtaking views are captured from every direction. The landmark barn is a masterpiece of rustic charm and historic significance. Thoughtfully designed lighting and a new propane fire-pit make it an exceptional space for gatherings, personal use, or events. Currently, the space serves as a seasonal wedding venue. For agricultural or equestrian use, the property offers a corral area, small smokehouse, and two squeeze chutes. Additional amenities include a heated, insulated 40x60 shop (2021), a renovated shed office, and RV pad with full hookups. With all-new 800-amp electrical service, four wells, and three new septic systems—two allowing additional structures—the property is primed for expansion or development. Two 10-acre pastures to the north and south of the main homestead remain undeveloped and leased for farming, but offer opportunity for subdivision. This extraordinary Montana property offers a blend of history, luxury, and limitless possibilities. Whether envisioned as a private retreat, multigenerational property, wedding venue or legacy holding, the Star M estate is truly one of a kind. Schedule your private tour today.

4186 Stimson Lane, Belgrade

Courtesy of Ami Sayer with Berkshire Hathaway - Bozeman.
$365,000
3 Beds ⋅ 3 Baths ⋅ 409993 MLS
This cute home tucks itself into a quiet corner of North West Bozeman, and offers a balance of comfort, function, and easy everyday living. Inside, the main level unfolds into an open-concept living, kitchen, and dining space designed for connection without sacrificing flow. Warm wood tones, natural light, and clean lines create an inviting atmosphere that feels both grounded and refined. The kitchen offers ample cabinetry and workspace, seamlessly connecting to the dining area and out to a private patio perfect for morning coffee or unwinding at the end of the day. A natural gas fireplace warms the home into a cozy feel in the chilly winter months Upstairs, the bedrooms provide a sense of separation and privacy, with a layout that works just as well for full-time living as it does for guests, roommates, or a home office setup. Loaded with a master bedroom and bathroom suite, 2 more bedrooms, a guest bathroom, laundry area, and extra oversized room for excellent storage, this home suits itself well to all kind of of living styles. Whether you’re looking for a primary residence, an investment opportunity, or a smart entry into the Bozeman market, this condo delivers a lifestyle that is both practical and quietly elevated. MAKE THIS YOUR HOME SWEET MONTANA HOME TODAY!

935 Forestglen Drive Unit 3, Bozeman

Courtesy of Crystal Chase-Kirchhoff with Keller Williams Montana Realty.
$1,350,000
3 Beds ⋅ 3 Baths ⋅ 410006 MLS
Meticulously maintained and offered turn-key, this Cottonwood Crossing is thoughtfully designed with quality, beauty and energy efficiency in mind. This 3 bedroom, 3 bath unit has an efficiently designed kitchen that provides optimal counter space, granite tile counter tops, a stone backsplash and hardwood floors. The open kitchen looks out into the dining area which features a sliding glass door leading out to a patio. The Cottonwood Crossing units are conveniently located in the Town Center which allows you to be in walking distance to the amenities, including shopping, dining, ice skating, farmer's market, and the Music in the Mountains summer concert series. It is also a short walk to the Skyline bus stop which takes skiers to Big Sky Resort.

20 Limber Pine Place Unit 1, Big Sky

Courtesy of Matt Zaremba & Allen Potts with Aperture Global Real Estate.
$299,000
410025 MLS
Gallatin River corridor - 1.16+/- acre tract located between Bozeman and Big Sky. This beautiful parcel offers a prime building site with views of Sheep Mountain and the Gallatin River. Located in North Canyon zoning (no billboards) with no covenants, providing flexibility and protection. The septic system is installed and a new driveway was completed in 2024. Well location has been identified and is the buyer's responsibility (Bid from local company available). Power is now installed at the property. Adjacent to National Forest and Ted Turner’s Flying D Ranch, this property delivers unmatched access to recreation. The building site sits just beyond the driveway and septic at the base of the mountain, with an elevated setting that captures southern views of the river and Gallatin Canyon. A trail climbs the hillside and connects to endless outdoor opportunities. Parcels like this between Big Sky and Bozeman are increasingly rare and offer exceptional potential. Seller financing available and will consider trades for all or part of the purchase price, including gold and silver. Bring your ideas.

66569 Gallatin Road 66569 Hwy 191, Gallatin Gateway

Courtesy of Joe Duval with Montana Life Real Estate.
$1,500,000
409199 MLS
If you’ve been searching for a true Montana showcase property, this is it. Pheasant Ridge offers an exceptional combination of privacy, live water, and sweeping mountain views; all within easy reach of Bozeman, Belgrade, and the airport. Spanning 59+ acres, this property captures breathtaking, unobstructed views in nearly every direction. Wake up to the Bridger Mountains and Ross Peak glowing at sunrise, and unwind with panoramic vistas of the Gallatin Range, Hyalite, Spanish Peaks, and Tobacco Roots stretching across the horizon at sunset. The land itself is varied, with rolling topography that naturally creates distinct upper and lower sections, ideal for separating a private homesite from agricultural or recreational use. Bear Creek meanders through the lower portion of the property with stock water rights. The acreage is currently farmed, providing potential for continued agricultural use or supplemental income. With electricity already to the lot and flexible use allowing for animals, this property is ready for your vision—whether that’s a custom home, guest house, barn, or legacy estate. Enjoy quiet, wide-open spaces without sacrificing accessibility—just 15 minutes to Belgrade and the airport, and 20 minutes to downtown Bozeman. This is Montana living at its finest: private, scenic, and full of possibility.

TBD Pheasant Ridge Lane, Belgrade

Courtesy of Valerie Johnson with PureWest Real Estate Bozeman.
$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 $10,959,000. 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..
$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..
$620,000
1 Beds ⋅ 1 Baths ⋅ 409865 MLS
Welcome to modern living in the heart of Bozeman! This sleek 1 bed, 1 bath condo located in the desirable Merin building offers contemporary finishes and an open-concept layout perfect for comfortable living. The kitchen features sleek cabinetry, stainless steel appliances, and a spacious island, ideal for entertaining or enjoying your morning coffee. Natural light floods the living space through large windows, creating a warm and inviting atmosphere. The bedroom provides ample space and storage, while the bathroom boasts elegant fixtures and a clean design. Enjoy the convenience of a dedicated heated garage stall. Located in downtown Bozeman, this condo offers the perfect blend of convenience and the tranquility of mountain living. Don't miss this opportunity to own a piece of city living in this beautiful modern space.

116 N Bozeman Unit 305, Bozeman

Courtesy of Ami Sayer with Berkshire Hathaway - Bozeman.
$2,950,000
30068066 MLS
One of the most high traffic commercial locations in all of Bozeman. Terrific opportunity for redevelopment in the newly redesigned Gallatin Valley Mall area. This location is close to Whole Foods, Arhaus, Lululemon, Ace Hardware, Petco, and many others. Building has good bones and can be repurposed, but needs a lot of work. Site plan was previously approved for a car wash, but not limited to that use.

3100 W Main Street, Bozeman

Listing courtesy of Listing Agent: Brett Tudsbury | btudsbury@fastmail.com from Listing Office: Bozeman Real Estate Group.
$165,000
409964 MLS
One of the few remaining "for sale" lots in the Madison Addition - South facing - Heavily wooded - Great building lot - Quiet neighborhood

325 Shoshone Avenue, West Yellowstone

Courtesy of John Costello with Yellowstone Realty.
$635,000
3 Beds ⋅ 3 Baths ⋅ 30068011 MLS
Enjoy low-maintenance living in this 3-bedroom, 2.5-bath end-unit townhome in Cattail Creek, complete with a fenced yard, attached heated 2-car garage, and a functional two-story layout with all bedrooms upstairs. Interior features include LVT flooring, a marble backsplash, ceiling fans, and included washer and dryer, while the garage offers built-in shelving for added storage and organization. Outside, the covered patio, irrigated yard, and fenced outdoor space provide flexibility without the upkeep of a larger property. With easy access to Costco, WinCo, Target, basketball courts, and the GVLT trail system, plus HOA-covered snow removal and front yard lawn care, this home is well-suited for buyers seeking comfort, convenience, and an easier ownership experience. Tenants' lease ends end of July 2026. 24 HOURS NOTICE MINIMUM FOR ALL SHOWING REQUESTS AS THERE ARE TENANTS! Please contact Listing Agent to schedule all showings. LOCKBOX IS LOCATED ON THE WEST SIDE OF THE BUILDING ON GAS LINE -- NEAR FENCE / ATTACHED TO PURPLE BIKE LOCK. furnace serviced 1.5 years ago 50-gallon water heater prefab slab for future AC drip system specifics TV/mount/drapes/blinds included newly planted tree

3095 Lori Lane, Bozeman

Listing courtesy of Listing Agent: Tamara Williams | Tamara@BuyBozemanHomes.com from Listing Office: Tamara Williams and Company.
$650,000
3 Beds ⋅ 3 Baths ⋅ 409127 MLS
Located on a large corner lot in the heart of Manhattan, this well-cared-for home offers comfort, functionality, and a long list of valuable updates. Inside, you’ll find two separate living rooms, giving you the flexibility for entertaining, relaxing, or creating a dedicated office, playroom, or media space. Outside, the fully fenced backyard provides room to enjoy, while alley access adds convenience and versatility. Recent improvements include a new A/C unit, new driveway, new siding, and fresh exterior paint, giving the home great curb appeal and peace of mind for the next owner. With its spacious lot, practical layout, and thoughtful updates, this property is a standout opportunity in Manhattan.

110 W Park Avenue, Manhattan

Courtesy of Richie Pemberton with Windermere Great Divide-Bozeman.
$635,000
3 Beds ⋅ 3 Baths ⋅ 409842 MLS
Enjoy low-maintenance living in this 3-bedroom, 2.5-bath end-unit townhome in Cattail Creek, complete with a fenced yard, attached heated 2-car garage, and a functional two-story layout with all bedrooms upstairs. Interior features include LVT flooring, a marble backsplash, ceiling fans, and included washer and dryer, while the garage offers built-in shelving for added storage and organization. Outside, the covered patio, irrigated yard, and fenced outdoor space provide flexibility without the upkeep of a larger property. With easy access to Costco, WinCo, Target, basketball courts, and the GVLT trail system, plus HOA-covered snow removal and front yard lawn care, this home is well-suited for buyers seeking comfort, convenience, and an easier ownership experience.

3095 Lori Lane, Bozeman

Courtesy of Tamara Williams with Tamara Williams and Company.
$429,900
2 Beds ⋅ 2 Baths ⋅ 409876 MLS
You'll love this spectacular 2 bedroom, 2 bath condo in the desirable Centre Park Flats complex. The central location is in walking distance to trails, shopping and dining along the 19th ave corridoor and just a short drive to downtown Bozeman. This well cared 1,080 sq ft property features an open floorplan that both lives and entertains well. Enjoy the spacious kitchen with large island, quartz countertops, solid wood cabinetry, big pantry and stainless steel appliances. This great kitchen interacts well with the living and dining areas. The living room features built in cabinetry and a fireplace to cozy up to on those cool Montana evenings. The primary suite is spacious and has a large bath with tiled shower and dual vanities with quartz countertops and a walk in closet. Down the hall is an additional bedroom that is perfect for guests and/or a home office. There is another full bath with tiled floors and quartz countertops. The large covered deck is the perfect outdoor space with views of the Bridger Range and adjacent Rose Park that features a public disk golf course. The covered deck are also includes a storage closet that is great for skis/snowboards and other gear. This unit is really trimmed out well with a "mini split" AC unit for those warmer summer days, in unit laundry room with washer/dryer, maintenance free vinyl plank floors and designated parking space. This property is turn-key and move in ready. Enjoy modern living in this great central Bozeman location!

2420 Tschache Unit 201, Bozeman

Courtesy of Michael Blevins with Michael Blevins Real Estate.
$335,000
3 Beds ⋅ 2 Baths ⋅ 409897 MLS
Beautifully maintained 3-bedroom, 1.5-bath condo offering comfort, functionality, and a long list of improvements. This move-in ready home features new flooring throughout, newer matching appliances and a well-cared-for interior that reflects pride of ownership. Enjoy peaceful living in a quiet neighborhood with stunning Bridger Mountain views. The practical floor plan places all three bedrooms on the same level, while a detached 1-car garage adds convenience and extra storage. With numerous updates and thoughtful improvements already completed, this condo is an exceptional opportunity for low-maintenance living in a desirable setting. The seller has enjoyed the close proximity to MSU and to either side of town. Traveling has been a breeze with this lock and leave condo as well and they appreciate that there are only 4 units in the building.

17 Chestnut Grove Unit 17, Bozeman

Courtesy of Deirdre Quinn with REAL Broker.
$5,000,000
409696 MLS
Largest remaining infill development site within close proximity to Downtown Bozeman. Totaling over 24 acres, this property has recently completed all annexation and zone map amendment requirements and is fully incorporated into the City of Bozeman. The Northernmost parcels along L Street have recently been zoned R-B, and the southernmost parcel (~6.9ac) is currently zoned M-1. The M-1 parcel is also located within the Pole Yard Urban Renewal District and may qualify for TIF reimbursement. The properties are located in Census Tract: 30031000600, and may also qualify for LIHTC funding. More information is available for qualified investors/developers.

TBD L Street & Story Mill Road, Bozeman

Courtesy of Nolan Campbell with bozehome + co Real Estate.

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.