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We are pleased to present a generational opportunity to acquire The
Osborne, a premier mixed-use asset located on East Main Street in
Downtown Bozeman, Montana. Delivered in 2020 and designed by
award-winning Locati Architects, this four-story, 33,044-square-foot
building represents the only recent ground-up development on Bozeman’s
core Main Street corridor – combining best-in-class construction,
architectural excellence, and long-term income stability.

The Osborne features a curated tenant mix of high-end retailers, premier
dining, executive office suites, and a rooftop telecommunications lease.
All tenants operate under long-term leases with annual increases,
including NNN structures throughout.

Located in the heart of one of the fastest-growing and most affluent
micropolitan markets in the U.S., The Osborne benefits from a premier Main St location with access to hundreds of downtown retailers, proximity to Montana State
University, and over 4.5 million annual tourists who visit the greater
Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a
Main Street trophy asset in a severely supply-constrained submarket with
high barriers to entry.
#402684

Bozeman

233 E Main Street

None Beds

None Baths

33,044 Sq.Ft.

$21,000,000

MLS#: 402684

Price reduced
Misty Creek Ranch, a rare jewel nestled in the beauty of Montana's pristine landscape. As you enter the 241 acre community, a winding paved road meanders through towering trees and over the gentle flow of South Cottonwood Creek. Ascending a gentle hill, past the historic granary, the landscape unfolds, revealing panoramic vistas of majestic mountains and sprawling valleys. This land has long served as a habitat for elk and a historical calving site while whitetail deer, native fish, turkeys, mule deer, and a variety of native birds add to the splendor. Your horses and livestock needs are accounted for with a barn, sheds, and a corral. A 3800 sq. ft. guest house is a testament to comfort and convenience. Perfectly located, Misty Creek Ranch is just 20 minutes to downtown Bozeman, 30 minutes to the international airport, and 40 minutes to Big Sky world-class resort. With its unparalleled beauty and boundless potential, this Montana jewel awaits, ready to welcome you home.
#401887

Bozeman

13830 (Tract A-D) Cottonwood Road

None Beds

None Baths

241.0 acres

$21,000,000

MLS#: 401887

Nestled in the heart of Nye, Montana, Stillwater Legacy Ranch is a rare and remarkable offering that is rich in history and epitomizes the beauty and recreational abundance of the Stillwater Valley. Encompassing approximately 712± deeded acres, this property is framed by nature’s finest elements—rugged peaks, winding rivers, fertile meadows, and expansive nearby public lands. A true sanctuary for outdoor enthusiasts and nature lovers, the ranch is surrounded by the stunning Beartooth Mountains and Absaroka-Beartooth Wilderness. This untouched backcountry yields access to world-class hiking, fishing, hunting, and outdoor adventure, right from your back gate and beyond.
Stillwater Legacy Ranch boasts an extraordinary 1.65± miles of the Stillwater River frontage, complemented by 0.7± miles of both sides of the West Fork Stillwater River flowing through the middle of the property. In addition to these significant water features, the property hosts a network of spring creeks that offer outstanding potential for stream restoration and enhancement, creating both ecological value and fly-fishing opportunities. Adding to its rarity, these natural thermal springs that never freeze over flow year-round through the property, enhancing its appeal, utility, and natural wonder.
Originally homesteaded in 1896, this working ranch has been owned and operated by the same family for 129 years. It has earned distinction as a Montana Historical Ranch and is a treasured part of the state’s ranching heritage. 
Agriculturally, the ranch supports approximately 80± acres of flood-irrigated land planted in a productive creeping meadow foxtail and orchard grass mix, offering potential for hay production or livestock grazing. Improvements on the property include three modest homes, a barn, a garage, and four sheds—ideal for supporting an active agricultural lifestyle. 
Stillwater Legacy Ranch is ideally situated just 45± minutes from Columbus, 1± hour from the charming town of Red Lodge, and 1.5± hours from the commercial hub of Billings. Whether you’re seeking a private retreat, a working ranch, or a family legacy property, Stillwater Legacy Ranch offers unmatched natural beauty, abundant flowing waters, historic prestige, and remarkable privacy.
#404059

Nye

8 West Fork Road

3 Beds

3 Baths

1,920 Sq.Ft.

$19,500,000

MLS#: 404059

One&Only Moonlight Basin Private Home #50 offers a refined mountain sanctuary defined by architectural excellence and immersive natural beauty. Designed by Olson Kundig, the home reflects a deep respect for its alpine setting through thoughtful materials, orientation, and form.

With approximately 5,676 square feet of living space, this six-bedroom residence features expansive interiors bathed in natural light, complemented by warm textures and elevated finishes. Floor-to-ceiling windows frame sweeping views of the surrounding peaks, creating a constant connection to the landscape.

The home’s open layout flows seamlessly to outdoor terraces and gathering spaces, ideal for entertaining or enjoying moments of solitude beneath Montana’s vast skies. Every detail is designed to support both everyday comfort and elevated living.

Located within the exclusive One&Only Moonlight Basin enclave, this residence offers access to a world of curated amenities, adventure, and personalized service.
#407786

Big Sky

#50 One&Only Private Home

6 Beds

6 Baths

5,677 Sq.Ft.

$18,500,000

MLS#: 407786

This exceptional 80-acre parcel along Baxter Lane presents a rare opportunity for high-density residential development in one of Bozeman’s most active growth areas. The property features a natural waterway and associated riparian corridor, offering scenic views and potential for integrated open space and community amenities.
Strategically located adjacent to the master-planned Northwest Crossing community, this parcel benefits from direct proximity to a future mixed-use hub that includes over 700 planned residences, more than 150,000 square feet of commercial space, and approximately 30 acres of dedicated parks and green space. The site is also near the expansive Bozeman Sports Park and Gallatin High School, Bozeman’s newest high school campus.
Zoned R-4 and R-5, already annexed within the City of Bozeman, the property is positioned for a mix of townhomes, apartments, and other high-density housing types. A designated grocery store pad site is included in the plan, with a presale opportunity available to qualified buyers upon signing a non-disclosure agreement (NDA).
This location offers easy access to the city’s vibrant downtown district, home to a diverse selection of restaurants, shops, galleries, and cultural venues. Outdoor recreation is a defining feature of the region, with nearby access to popular hiking trails such as the M Trail, Triple Tree Trail, and Chestnut Mountain Trail. For winter sports enthusiasts, both Bridger Bowl and Big Sky Resort are within a convenient drive, providing world-class skiing and snowboarding.
This development-ready property combines location, infrastructure, and natural beauty, making it an ideal investment for forward-thinking residential and mixed-use projects in Bozeman’s thriving real estate market.
Please contact us for more details or to request information under NDA for the grocery pad presale opportunity.
#402556

Bozeman

TBD Baxter Lane

None Beds

None Baths

80.705 acres

$18,000,000

MLS#: 402556

Set within the pristine alpine landscape of Moonlight Basin, One&Only Private Home #52 is a striking expression of modern mountain living, thoughtfully designed by Olson Kundig to exist in harmony with its extraordinary surroundings. Framed by old-growth evergreens and sweeping mountain vistas, the residence offers a rare balance of architectural sophistication and natural immersion.

Spanning approximately 5,144 square feet, this six-bedroom, seven-bathroom retreat is designed for effortless gathering and elevated comfort. Expansive floor-to-ceiling windows flood the interiors with natural light while framing panoramic views of Big Sky’s rugged peaks. Rich materials, refined finishes, and multiple fireplaces create a warm, welcoming atmosphere that feels both luxurious and grounded.

The open-concept layout connects generous living spaces to expansive terraces and outdoor lounges, extending the home seamlessly into its alpine setting. Whether hosting family and friends or enjoying quiet moments after a day on the slopes or trails, every space is designed to invite relaxation, connection, and retreat.

As part of the exclusive One&Only Moonlight Basin enclave, Private Home #52 offers access to world-class dining, wellness, and outdoor adventure—paired with the luxury service and privacy that define the One&Only lifestyle.
#407815

Big Sky

#52 One&Only Private Home

6 Beds

1 Baths

5,144 Sq.Ft.

$17,000,000

MLS#: 407815

Nestled among towering evergreens and expansive mountain vistas, Private Home #48 presents an elevated expression of alpine living. Designed by renowned architect Olson Kundig, the residence is a masterclass in integrating architecture with nature.

Spanning approximately 5,676 square feet, this six-bedroom, six-and-a-half-bathroom home offers expansive interiors defined by clean lines, rich materials, and dramatic windows that bring the outdoors in. Thoughtful design details and multiple fireplaces create a warm yet sophisticated atmosphere throughout.

Generous gathering spaces open onto terraces and outdoor lounges, providing ideal settings for entertaining or quiet relaxation in every season. The home’s scale and layout offer both privacy and openness, making it equally suited for hosting or retreating.

Situated within One&Only Moonlight Basin, Private Home #48 provides access to exceptional resort amenities and bespoke experiences, all delivered with the signature service and discretion of One&Only.
#407785

Big Sky

#48 One&Only Private Home

6 Beds

6 Baths

5,677 Sq.Ft.

$17,000,000

MLS#: 407785

Located in the coveted Diamond Hitch neighborhood of Moonlight Basin, this exceptional custom mountain residence sits directly on the ski slopes and offers breathtaking Spanish Peaks views in Big Sky’s most prestigious community.
 
Designed for both refined mountain living and effortless entertaining, the home features a stunning great room with a wood-burning fireplace, soaring ceilings, and walls of glass that frame the dramatic alpine landscape. With six bedrooms, including the bunk room of every child’s dream, the residence comfortably accommodates multi-generational gatherings, guests, and private retreats alike.
 
The lower level is a destination in itself, offering a dynamic entertainment zone, game space, indoor pool, and a beautifully appointed bar — ideal for après-ski celebrations, summer evenings, and year-round hosting. Multiple outdoor living areas, including a covered deck, invite you to savor mountain air, sunsets over the Spanish Peaks, and the relaxed elegance of summer in Big Sky.
 
Offered furnished, this turnkey property allows immediate enjoyment with a level of quality, craftsmanship, and privacy rarely found.
 
Ownership provides the opportunity for Moonlight Basin membership, extending your lifestyle far beyond the home with access to an 18-hole Jack Nicklaus Signature Golf Course, a future par-3 course, the slopeside Moonlight Lodge, the vibrant LakeLodge, Ulery’s Lake Camp, miles of hiking, biking, and Nordic trails — and just moments away, the acclaimed One&Only Moonlight Basin Resort, celebrated for its exceptional dining, world-class spa experiences, and refined alpine hospitality.
 
Every detail of the residence reflects thoughtful craftsmanship and intentional design, blending timeless mountain architecture with modern comfort. Expansive sightlines, warm natural materials, and a carefully curated floor plan create a home that feels both grand and inviting. Whether enjoyed as a primary residence, a seasonal retreat, or a legacy mountain investment, this property offers enduring value in one of Big Sky’s most sought-after ski communities. This is mountain living at its finest — refined, adventurous, and unmistakably Moonlight.
#408098

Big Sky

6 Latigo Road

6 Beds

4 Baths

7,950 Sq.Ft.

$16,950,000

MLS#: 408098

Surrounded by pristine wilderness and dramatic mountain scenery, One&Only Private Home #55 embodies contemporary mountain living at its finest. Designed by acclaimed architect Olson Kundig, the residence seamlessly blends modern design with the natural rhythms of its alpine environment.

This 6-bedroom, 7-bathroom home spans approximately 5,144 square feet, offering generous living spaces thoughtfully designed for comfort, connection, and retreat. Expansive windows and warm materials create interiors that feel both sophisticated and inviting.

Indoor and outdoor living areas flow effortlessly together, providing ideal spaces for entertaining or unwinding after a day spent exploring Big Sky’s trails, slopes, and rivers. The home’s design emphasizes privacy while maintaining a strong connection to the surrounding landscape.

As part of One&Only Moonlight Basin, owners enjoy access to exceptional dining, wellness, and outdoor experiences, all supported by the brand’s renowned service and attention to detail.
#407787

Big Sky

#55 One&Only Private Home

6 Beds

1 Baths

5,144 Sq.Ft.

$16,250,000

MLS#: 407787

Private Home #49 is a striking example of modern mountain architecture, thoughtfully designed to honor its dramatic alpine surroundings. Crafted by Olson Kundig, the home blends contemporary design with natural textures to create a residence that feels both bold and timeless.

This 6-bedroom, 7-bathroom home spans approximately 5,144 square feet, offering generous living spaces ideal for hosting family and friends. Expansive glass walls frame panoramic views while allowing natural light to pour into the interiors, highlighting refined finishes and warm, inviting details throughout.

The open-concept design extends effortlessly to outdoor living areas, creating a seamless transition between interior comfort and the surrounding wilderness. From après-ski gatherings by the fire to summer evenings on the terrace, every space is designed for connection and retreat.

As part of the exclusive One&Only Moonlight Basin community, this home offers privileged access to world-class dining, wellness, and outdoor adventure—delivered with unmatched privacy and service.
#407784

Big Sky

#49 One&Only Private Home

6 Beds

1 Baths

5,144 Sq.Ft.

$16,250,000

MLS#: 407784

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.
#408806

Darby

406 Chief Joseph Trail

3 Beds

3 Baths

7,180 Sq.Ft.

$16,250,000

MLS#: 408806

Welcome to the distinguished Moonlight Territories, a rare haven within one of the country’s last vestiges of pristine mountain wilderness. Poised in the heart of Moonlight Basin, this legacy property unveils breathtaking 360° panoramas, extending from the grandeur of Spanish Peaks to the lofty peaks of Fan and Cedar Mountain, and the iconic Lone Mountain. Distinguished yet embracing, the landscape is adorned with mature evergreens, perfectly framing these awe-inspiring views from every vantage point, cultivating an atmosphere of seclusion that enriches your personal sanctuary. Set in nature, this property is connected by miles of recreational trails traversing the Territories, imparting a sense of being worlds away, all while maintaining close proximity to the unparalleled amenities synonymous with Moonlight Basin and One&Only Moonlight Basin, opening in 2025.  From world-class skiing at Big Sky Resort to tee times at the infamous Jack Nicklaus golf course, lake activities, winter pursuits, and so much more. The unspoiled beauty unfolds as far as the eye can see, with over 2,500 acres protected by a perpetual conservation easement. This legacy property stands as a testament to Moonlight Basin's commitment to preservation. Embark on a lifestyle where the unbroken charm of nature seamlessly integrates with the allure of exceptional access and amenities. Territory 5, one of several larger tracts within Moonlight Basin, invites you to experience the unparalleled luxury of living while embracing the beauty of the land.
#389015

Big Sky

TBD Jack Creek Road, Moonlight Territory Parcel 5

None Beds

None Baths

161.302 acres

$16,000,000

MLS#: 389015

76+/- Individually Deeded Lots READY-TO-SELL ON DAY ONE! Packaged Development Offering with Declarant Rights, Improved Riverfront Parcel, and World-Class Equestrian Center (currently leased). For the first time ever, a legacy opportunity is being offered inside the renowned Gallatin River Ranch—an established 5,900+/- acre luxury residential ranch community outside Bozeman in the Horseshoe Hills of southwest Montana. The original developer is ready to “hang up his spurs”,  packaging his reserved lots along with declarant rights, and offering this package at approximately 50% of current market value. The majority of lots offered have never been on the market before, and are adjacent to 90+ high-end residences throughout GRR's previously sold parcels (many residences reside on multiple parcels). This unparalleled offering includes 1,583+/- acres in total (1,180+ contiguous acres), a 37± acre improved riverfront holding (two parcels combined) with direct Gallatin River frontage adjacent to 270 acres of Fish & Wildlife Parks Land, a private boat launch, established picnic area, mature landscaping, and an attractive sales office positioned perfectly for continued operations or future conversion. The offering further incorporates the Gallatin River Ranch Equestrian Center, a true world-class facility on 60+/- acres, featuring indoor and outdoor arenas, round pens, multiple barns, boarding stables, and the full complement of structures and equipment needed to serve a premier equestrian lifestyle community. This is an excellent opportunity for lifestyle-focused investors, developers, and builder partners seeking immediate lots to improve, sell, or hold long term. Multiple parcels, addresses, and legal descriptions apply. PRIVATE DEVELOPMENT: No drive by's please. Address shown in MLS is for identification purposes only. Additional details and full marketing packet available upon request.
#408113

Manhattan

3000 Nixon Gulch Road

None Beds

None Baths

1583.5 acres

$15,500,000

MLS#: 408113

Nestled in the heart of White Sulphur Springs, Montana, the Spa Hot Springs Motel & Tenderfoot Cabins offer a rare opportunity to acquire a distinguished hospitality and wellness destination with a century-old legacy. This property blends Montana’s natural beauty, historic charm, and the growing appeal of luxury wellness travel. Located on Main Street, it provides exceptional visibility and accessibility while offering guests an authentic experience rooted in natural mineral waters, contemporary comfort, and small-town hospitality.

The property is ideally situated within a scenic mountain valley, serving as a gateway to year-round outdoor recreation, including skiing and snowboarding at nearby Showdown Mountain, cross-country trails at Silver Crest, and summer activities such as hiking, fishing, kayaking, and mountain biking. This consistent influx of visitors supports steady occupancy and mitigates seasonal volatility common to rural hospitality assets.

Spa Hot Springs features three mineral-fed soaking pools, two outdoors and one indoors, maintained between 100–105°F. The chemical-free waters are drained nightly, ensuring a pure and restorative experience. Complementing the pools are 41 motel rooms and 12 Tenderfoot Cabins, each combining rustic Montana character with modern amenities. Pet-friendly policies, remodeled interiors, and attentive service foster a loyal and repeat clientele, supporting stable, year-round operations.

From an investment perspective, the property offers a strong foundation of income with significant upside potential. Opportunities include the addition of curated spa services, wellness retreats, yoga weekends, and corporate getaway packages. The property’s layout and downtown location also allow for lodging expansion, premium package offerings, and membership-based revenue models. Bundling accommodations with soaking access, spa treatments, and guided outdoor experiences can capture higher-spending travelers seeking authenticity and wellness-focused escapes.

Spa Hot Springs also benefits from a compelling narrative: its mineral waters have been valued for centuries, with origins dating back to Indigenous use and commercial development in the 19th century. This heritage, combined with careful stewardship and modern operations, positions the property as a genuine, high-end wellness destination in a competitive market.
#406962

White Sulphur Springs

202 & 301 W Main

None Beds

None Baths

31,934 Sq.Ft.

$15,500,000

MLS#: 406962

The legacy of the West comes alive at A River’s Ranch. Spanning over 55 usable acres across both banks of the West Gallatin River, this is a once-in-a-generation Montana ranch—minutes from Bozeman, Yellowstone, and Big Sky, yet a world entirely its own. From the Spanish Peaks to the Bridger Mountains, the views are cinematic and the land limitless. At its heart stands the main estate—a custom five-bedroom, five-bath log home built with the craftsmanship and permanence this landscape demands. Designed for generations, this 6,612-square-foot retreat is as enduring as the river that runs through the property itself. Anchored by a soaring great room with a floor-to-ceiling river rock fireplace and windows overlooking the pastures, the home is warm, generous, and built for earned comfort. Golden hand-hewn logs set the tone throughout while wrought iron fixtures and granite countertops speak to craftsmanship and intention. The floor plan flows naturally into the open chef’s kitchen and dining area, a space designed for living, gathering, and staying a little longer than planned. Additionally for guests, a private one-bedroom, one-bath guest house offers a complete and comfortable retreat. Close enough for connection, separate enough for privacy. The entertainment center is a destination unto itself—centered on a welcoming fireplace and fully equipped with a bar, kitchenette, pool table, dual television spaces, and a dining table built for a crowd.
Outside, the property is equally equipped. An outdoor kitchen with a built-in smoker, multiple dining tables, and two generous fire pits create an al fresco entertaining space scaled for large gatherings and evenings that run long into the starlit night. For the horse enthusiast, the property is fully equipped and thoughtfully designed, with 21 horse bays, three fenced pastures with water access, a dry lot, and three round pens. A level riding area sets the stage for private training, rodeos, or recreational polo beneath an open Montana sky. On the water, a beautiful stretch of private West Gallatin River frontage delivers direct access to some of the finest blue-ribbon trout fishing in the region—no crowds, no competition, just the river and the rise. And to house everything this outdoor life demands, there is a substantial garage equipped for storage of gear and vehicles. A River's Ranch sits at the center of one of Montana's most enviable lifestyles.
#408815

Gallatin Gateway

1021 Gateway South Road

6 Beds

5 Baths

6,612 Sq.Ft.

$15,400,000

MLS#: 408815

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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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