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3705 Yeoman, Shepherd
$535,000
3 Beds ⋅ 2 Baths ⋅ 362173 MLS
Country living with room to spread out in Shepherd! This 3-bedroom, 2.5-bath home sits on 3.591 acres with irrigation rights, fenced pastures, and a setup ready for horses or other livestock. Built in 2004, the home offers a practical blend of comfort and functionality with hardwood laminate and tile flooring throughout. The vaulted living room features built-in bookshelves and a gas fireplace, creating a welcoming gathering space. The kitchen includes a convenient pantry and flows into the dining area, while the separate office provides flexibility for work, hobbies, or household needs. Outside, the acreage really shines with fenced pastures and a horse barn complete with tack room. A spacious 3-car garage provides plenty of room for vehicles, equipment, and storage. If you're looking for a manageable piece of Montana acreage where you can enjoy country living, keep horses, and still have the convenience of being close to Shepherd and Billings, 3705 Yeoman Rd deserves a look.

3705 Yeoman, Shepherd

Listing courtesy of Cody Cox from Montana Homestead Brokers

5731 Shepherd Road, Shepherd
$650,000
3 Beds ⋅ 2 Baths ⋅ 362162 MLS
Rare opportunity in Shepherd! Located just 8 miles east of Billings at the prominent corner of Hwy 312 and Shepherd Road. this 6.71 acre property offers both comfortable residiential living and significant future development potential. The one-level stucco home features 3 bedrooms, 2 bathrooms, an attached garage, and plenty of room to enjoy the acreage. The land is irrigated, partially fenced, and includes a seperate shed for additional storage. The property's highly visible corner location along two major routes creates an exciting opportunity for future commercial development, subject to applicable zoning and approvals. With acreage, highway frontage, and convenient proximity to Billings, this property offers a unique combination of residential use and potential long-term investment value. This property is two seperate parcels. The home and 3 acres is one and the 3.71 acres is second. The parcels can be purchased separately, but the owner will not sell the 3.71 acres until the home with 3 acres is sold. If purchasing separatley the home and 3 acres is priced at $460,000 and the 3.71 acres is priced at $190,000.

5731 Shepherd Road, Shepherd

Listing courtesy of Ward Fenton from Fenton Enterprises

7420 Whitetail Run, Shepherd
$499,999
4 Beds ⋅ 3 Baths ⋅ 362155 MLS
2+ acre Shepherd property • Main-level primary suite • Finished basement with flexible living space. Located in the Shepherd School District with convenient access to Billings, this 4-bedroom, 2.5-bath home offers more than 3,000 sq ft of living space. The open-concept main level features hickory flooring, custom cabinetry, abundant storage, and a wood-burning fireplace. The main-level primary suite provides separation from the additional upstairs bedrooms. The finished basement offers space for a recreation room, media room, home office, workout area, or hobby space, with direct access from both the interior and attached 2-car garage. Forced-air heating, central air conditioning, fiber internet availability, and room to spread out on 2+ acres complete the package.

7420 Whitetail Run, Shepherd

Listing courtesy of Gene Hauck from Engel & Voelkers

5632 Meadowmist Drive, Shepherd
$349,900
4 Beds ⋅ 2 Baths ⋅ 362009 MLS
Looking for a wonderful home with a full acre of land in Shepherd? This three-level, four-bedroom, 1½-bath home offers plenty of natural light, comfortable living spaces, and room to make the property work for you. The main level features a bright, welcoming kitchen with newer appliances, including a refrigerator replaced in 2023, stove in 2018, and dishwasher in 2019. Two out of the three bedrooms upstairs each feature custom-built-in shelving, adding both character and practical storage. The lower-level bedroom is currently being used as an office, offering flexibility for whatever your needs may be. The home has seen several recent updates, including new LVP flooring in 2026, siding in 2025, a water heater in 2025, new gutters in 2025, and a new pressure tank in 2026. The woodstove has also been connected to help heat the home. Step outside to enjoy the new deck and spacious one-acre property. A designated garden area is ready for those who enjoy growing their own vegetables or flowers. The current owners also utilize a portion of the backyard for their business and work vehicles, but with an acre of land, there is plenty of room to create the outdoor space that fits your lifestyle. Come take a look and see how you can make it your own!

5632 Meadowmist Drive, Shepherd

Listing courtesy of Robin Windham from 41 Realty Group

6707 Brave Lookout, Shepherd
$425,000
4 Beds ⋅ 2 Baths ⋅ 361533 MLS
Montana living with room to breathe! Wide-open views, more than an acre of land, and the kind of privacy that makes Montana living so appealing. Located in Shepherd and approximately 20 minutes from Billings. This 4-bedroom, 2-bath home delivers space both inside and out with a versatile floor plan featuring two generous living areas. From the large picture window, take in sweeping views of the surrounding landscape— scenery that make this property special. Enjoy the Montana lifestyle with a large lot, fenced yard, brand-new deck, and plenty of room. Updates include newer siding, newer roof, gutters, windows, French door, and asphalt driveway. The property is also equipped with an upgraded whole-house sediment filtration system and reverse osmosis system. Enjoy the tranquility of country living, and over an acre to call your own—all while keeping Billings within an easy drive.

6707 Brave Lookout, Shepherd

Listing courtesy of Hannah Reno from Keller Williams Yellowstone Pr

9322 12 Mile Road, Shepherd
$674,999
5 Beds ⋅ 3 Baths ⋅ 361401 MLS
The perfect horse property! Country living on 8.44 acres w/an impressive setup for horses & plenty of space_This fully remodeled ranch style home has NEW appliances, NEW flooring, NEW interior & exterior paint, NEW kitchen remodel & NEW bathrooms. Finished basement for additional living space & a wood deck overlooking the horse pastures_Acreage includes multiple pastures, year-round creek & potentially 5 irrigation shares that can be reactivated through BBW_Horse amenities include a 150' x 300' pipe roping arena, horse barn w/stalls & convenient hay storage, 5 separate pipe corrals w/automatic waterers, 3 lean-to shelters, & multiple frost-free spigots_Home has been fully remodeled & is move-in ready allowing you to focus all your attention on preparing the property to fit you & your animals needs. This is a rare combination of acreage, water, & property with NO restrictions.

9322 12 Mile Road, Shepherd

Listing courtesy of Tannis Kramer from Western Skies Real Estate

3507 High Noon, Shepherd
$389,000
3 Beds ⋅ 2 Baths ⋅ 360941 MLS
Beautiful and sunny open layout new construction 2025, cozy 3 bed/2 bath home, has all your needs and wants. Primary bed suite, copious amount of cabinets & an kitchen island for carefree entertaining with sliding doors to a covered patio. Views as far as the eyes can see. With over 1.5 acres plenty of privacy and fun. Both siding & shingles have been upgraded: siding is a SmartLap and the shingles on the roof are an Architectural 130 MPH Certainteed. Both items will uphold in extreme weather. Water lines are in for individual lot irrigation systems. There will be a small annual fee for those homes who wish to opt in. No tax information right now, as this is new construction both land and home. 1 year builders limited home warranty upon purchase & closing of home. Per C&R- No Horses

3507 High Noon, Shepherd

Listing courtesy of Robin Martell from Martell & Associates

3418 High Noon, Shepherd
$389,000
3 Beds ⋅ 2 Baths ⋅ 360940 MLS
Beautiful and sunny open layout new construction 2025, cozy 3 bed/2 bath home, has all your needs and wants. Primary bed suite, copious amount of cabinets & an kitchen island for carefree entertaining with sliding doors to a covered patio. Views as far as the eyes can see. With over 1.5 acres plenty of privacy and fun. Both siding & shingles have been upgraded: siding is a SmartLap and the shingles on the roof are an Architectural 130 MPH Certainteed. Both items will uphold in extreme weather. Water lines are in for individual lot irrigation systems. There will be a small annual fee for those homes who wish to opt in. No tax information right now, as this is new construction both land and home. 1 year builders limited home warranty upon purchase & closing of home. Per C&R- No Horses

3418 High Noon, Shepherd

Listing courtesy of Robin Martell from Martell & Associates

5524 Haynes Road, Shepherd
$384,900
3 Beds ⋅ 1 Baths ⋅ 360715 MLS
Experience the best of country living just minutes from Billings in this beautifully updated zero-entry, one-level rancher situated on over an acre of land. This inviting home features an open-concept living space with luxury vinyl plank flooring, a modern kitchen with stainless steel appliances & dining area with a sliding glass door providing easy access to the backyard. Extensively renovated in 2024, this home has been thoughtfully updated to include new furnace, central A/C, water heater, electrical devices, plumbing, windows, garage door openers, water-softener, insulation, & sheetrock! In 2026 new hardboard siding, new roof, and new gutters were done, adding to its curb appeal and long-term value. Yard is privacy fenced and back pasture is fenced for horses with a loafing shed. This property offers the perfect combination of modern updates, comfort, and a little peace and quiet!

5524 Haynes Road, Shepherd

Listing courtesy of Kim Edinger from Meridian Real Estate LLC

7851 Spear Drive, Shepherd
$480,000
4 Beds ⋅ 3 Baths ⋅ 360363 MLS
Enjoy the space and serenity of country living at 7851 Spear Drive in Shepherd! Situated on 1.24 acres, this spacious 2,964 sq. ft. home offers 4 bedrooms and 3 bathrooms with plenty of room for everyone. The functional floor plan provides multiple living spaces, making it ideal for entertaining, relaxing, or accommodating a growing family. Step outside and enjoy the peaceful setting, mature landscaping, and beautiful views while still being just a short drive from Billings. Whether you're looking for room to spread out, space for hobbies, or simply a place to enjoy Montana living, this property offers the perfect blend of comfort, privacy, and convenience. Don't miss your opportunity to make this country retreat your next home!

7851 Spear Drive, Shepherd

Listing courtesy of Chantal Hale from eXp Realty, LLC - Billings

8730 Razor Creek Drive, Shepherd
$550,000
3 Beds ⋅ 3 Baths ⋅ 359887 MLS
Welcome to 8340 Razor Creek Road, a versatile 3.5-acre irrigated ranchette priced at $550,000. This property has everything you need to pursue a country lifestyle, hobby farm or agricultural venture or locate a small business. The updated home features a new roof, siding, and gutters a luxurious primary suite and multiple living areas. Outside, the property really shines. The large barn includes a dedicated milking area, livestock stalls, hay storage, tack room, chicken coop and additional storage. A detached double garage and workshop provide room for equipment, projects and hobbies. You'll also find irrigation potable water, a root cellar/storm cellar, established garden area, fruit trees and a storage shed. The property has previously been home to horses, cattle, goats and chickens and is ready for its next owner. And perhaps the most important feature of all: NO RESTRICTIONS.

8730 Razor Creek Drive, Shepherd

Listing courtesy of W.F. Frosty Erben from Keller Williams Yellowstone Properties

5750 Pleasant Hollow Trail, Shepherd
$835,000
4 Beds ⋅ 3 Baths ⋅ 359491 MLS
Beautiful custom handcrafted home nestled in the trees! The home features a full wrap around porch with views in every direction. The open concept main floor is flooded with natural light, has vaulted ceilings & gas stove. Kitchen has ample storage, large island & raised dishwasher. Main floor primary suite & laundry. Fully finished walk out basement features 2 additional bedrooms with walk in closets. Upper floor bonus room with half bath could be a craft/hobby room, office space, play room, etc! HUGE shop/garage insulated and heated that can hold 8 cars (one is a tandem). Has a hoist that stays, half bath, storage! Lots of room to tinker! Property is on a well and septic. Must see to fully take in all the amenities! All info from 3rd party sources & deemed reliable. Info subject to change & not guaranteed or warranted. Buyer & buyer’s agent to verify all info.

5750 Pleasant Hollow Trail, Shepherd

Listing courtesy of Pat Schindele from Keller Williams Yellowstone Properties

TBD High Noon Drive (Lot 7, Blk 2), Shepherd
$495,000
3 Beds ⋅ 2 Baths ⋅ 359482 MLS
Brand new 1,800 sqft barndominium on 1.6 acres in Shepherd, just minutes from Billings. This 3-bed, 2-bath home features an open-concept layout with soaring ceilings and durable finishes throughout. The kitchen, living, and dining areas flow seamlessly for easy entertaining and everyday living. Radiant in-floor heat keeps the home comfortable year-round, and subdivision irrigation water access makes lawn and garden maintenance a breeze. Attached oversized (1,241 sqft) 2-car garage adds storage and functionality. Finishes are still TBD — buyer has the opportunity to meet with our designer and select their own or you use our selections. Perfect for homesteading, a private retreat, or a forever home with room to grow. Schedule your showing today!

TBD High Noon Drive (Lot 7, Blk 2), Shepherd

Listing courtesy of Aaron Redland from eXp Realty, LLC - Billings

6447 Us Highway 312, Shepherd
$595,000
4 Beds ⋅ 3 Baths ⋅ 359197 MLS
Rural freedoms meet modern comfort and convenience in this farm style ranch property. No restrictions, natural springs, a variety of outbuildings, and mature landscaping leave plenty of options and potential of use for the outside from business to 4-H or homesteading- the possibilities are endless. Inside the house you will find an open yet cozy floor plan, large sunken living area, unique granite counters, custom stonework, a massive pantry complete with a standing freezer, a large mudroom/office off the garage, main floor laundry, and an expansive primary suite overlooking the creek valley. Then downstairs you can enjoy the large workout/jits room that could also be converted into another bedroom or other flexible potential, a private office, family room, 4th bedroom, a 3rd full bathroom, and walkout patio. Hot tub hookups, solar panels, and freedom all within 15 minutes of the airport

6447 Us Highway 312, Shepherd

Listing courtesy of Chantal Hale from eXp Realty, LLC - Billings

6513 Frey Road, Shepherd
$545,000
3 Beds ⋅ 2 Baths ⋅ 358620 MLS
Excellent Price Improvement! This could be an ideal property with a main house plus a mother in law home or rental property. A beautiful 2-acre property with beautiful views overlooking the river below. From the moment you pull up the drive, you’ll feel the weight of the world lift. The heart of the property is the main home with spacious living areas, large kitchen, a bonus room on the mail flr that could be a family room or office area. Whether you’re sipping morning coffee or watching the sunset, the views are unrivaled. There is a remodeled 3 bedroom guest house with attached garage also with expansive views. For the hobbyist, mechanic, or entrepreneur, the large detached shop has 2 garage doors and dedicated workspace for projects, tools and tinkering. This is truly a one of a kind property you don't want to miss.

6513 Frey Road, Shepherd

Listing courtesy of Deb Parker from Parker & Co.

5430 Cerkoney Lane, Shepherd
$499,900
3 Beds ⋅ 2 Baths ⋅ 357368 MLS
Everyone loves a shop house, especially one priced below appraisal value_This well-designed property offers convenient one-level, zero-entry living with 3 bedrooms, 2 bathrooms, and an open-concept kitchen and living area. Opportunities like this are hard to find, especially on a 1 acre lot with no known restrictions. Located in Shepherd, the property provides easy access to nearby shopping, major services, medical facilities, and the airport. The acreage offers space for additional buildings or another residential home. Well supplies the home and features a new pump installed in 2021. Exterior frost-free spigot. The shop measures 60' wide by 42' deep and includes 220V power suitable for welding equipment. It also offers three roll-up doors, each 12' wide by 14' tall. The home is heated by a propane furnace, and the propane tank is owned.

5430 Cerkoney Lane, Shepherd

Listing courtesy of Tannis Kramer from Western Skies Real Estate

9705 Shepherd Road, Shepherd
$260,000
2 Beds ⋅ 2 Baths ⋅ 356243 MLS
*Contract for Deed Option* $60k down. Looking for a great property off the highway in a wonderful location, look no further. This property is on 4.169 un-zoned acres with endless possibilities. It features a large shop w/an attached home. The home has 2 beds, 2 baths, a bonus room w/access to the deck and a beautiful view, there is also 2 lower garages below the home. The attached shop is huge with 2 large garage doors, shelving, office with attached bath and so much more. This one-of-a-kind property offers space and is ready for its next owner to make it their own for personal use or a business, just minutes from the Shepherd community & easy access to the city of Billings. Will not qualify for traditional financing. Cross listed in Commercial ML#356091.

9705 Shepherd Road, Shepherd

Listing courtesy of Britin Cross from Magic City 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.