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MLS Number 414669

• MultiFamily Residential Income
• Acreage 3.21
• Property SubType Multi Family

The Drift at North Forty presents a rare opportunity to acquire a partially completed luxury residential development with significant remaining upside in the heart of Montana's Madison Valley. Unlike a traditional land offering, the Property combines completed infrastructure, municipal utility approvals, and existing income-producing assets with substantial future development potential, providing a de-risked platform for value creation. Located within the North Forty master-planned community in Ennis, Montana, the offering includes eight completed luxury condominium residences that have established the project's architectural identity and demonstrated demand for high-quality residential product. Beyond the existing residences, the Property offers the opportunity to develop additional luxury residential units, higher-density multifamily housing, boutique hospitality, or a thoughtfully integrated mixed-use concept, subject to applicable approvals and a purchaser's due diligence. Existing roads, utilities, and horizontal infrastructure significantly reduce entitlement risk, development timelines, and capital requirements compared to a typical greenfield project, allowing an investor to focus on executing the next phase of development. Positioned approximately one hour from both Yellowstone National Park and Big Sky Resort, Ennis has emerged as one of Montana's most desirable recreation markets. Anchored by the world-renowned Madison River, the area attracts year-round visitors and residents seeking exceptional fly fishing, hunting, hiking, skiing, and mountain recreation. Continued population growth, increasing tourism, and limited luxury housing inventory have created strong demand for high-quality residential and hospitality product. Whether completed as a luxury condominium community, expanded into a higher-density residential project, developed as a boutique hospitality destination, or executed through a phased mixed-use strategy, The Drift offers multiple paths to unlock value. With completed improvements already in place, existing market validation, and meaningful remaining development capacity, the Property represents a unique opportunity to acquire a premier development platform in one of Montana's most supply-constrained and desirable mountain communities.

Listed by Andrew Inches of Charter Realty & Development

MLS Number 413766

• Residential
• Bedrooms 5
• Bathroom 5
• Square Feet 3,018
• Acreage 1.59

Twin Lift Lodge presents a rare legacy opportunity at Big Sky Resort-true ski-in/ski-out access, a turnkey mountain residence and the option to acquire the contiguous .89-acre homesite immediately adjacent to the White Otter lift. Approximately 250 feet from the lift, this 2,944-square-foot mountain retreat offers an exceptional combination of slopeside access, gathering space and year-round recreation in the heart of Mountain Village. Built in 2005, the residence features five bedrooms, three full baths and a powder room, plus additional loft sleeping space above the garage. Warm wood finishes and a gas fireplace define the main living area, while the kitchen is designed for entertaining with a granite island seating up to 10, newly installed gas range and double oven. The main-level primary suite offers a private king bedroom and en-suite bath. Upstairs, three queen bedrooms and a twin-over-twin bunk room are complemented by two full baths and a second living area. Additional loft sleeping space provides flexibility for larger gatherings, with accommodations for up to 18. A proven rental history further enhances the versatility of the property. Outdoor living is equally compelling, with a private hot tub, gas grill and deck capturing mountain and lift-line views. Recent improvements include a new roof, new deck and new custom exterior stonework. A generous ski/mudroom with boot dryer and coat storage, separate laundry, two-car garage and driveway turnaround with parking for up to five vehicles make mountain days remarkably effortless. 28 White Otter Road is offered independently at $4,800,000. For the buyer seeking an even more extraordinary opportunity, the residence and contiguous .89-acre ski-in/ski-out homesite may be acquired together for $5,900,000. Positioned at the end of the cul-de-sac and immediately adjacent to the chairlift, the additional homesite is valued at $1,500,000. Together, the two properties offer the rare opportunity to control contiguous slopeside real estate at Big Sky Resort-with the potential for additional development, expanded privacy or the creation of a multi-generational mountain retreat, subject to applicable approvals. A singular setting with skiing outside the door and the opportunity to create an enduring Big Sky legacy. Both properties are also listed independently under MLS #414344 (28 White Otter Road) and MLS #414345 (Lot 41 White Otter Road).

Listed by Martha Johnson and Charlie Johnson of Aperture Global Real Estate

MLS Number 406955

• Residential
• Bedrooms 4
• Bathroom 5
• Square Feet 3,342
• Acreage 0.27

Experience the pinnacle of mountain living at The Highlands, the premier ski-accessible neighborhood within the exclusive Spanish Peaks Mountain Club. Perfectly positioned atop of the community, this impeccably maintained 4-bedroom, 4.5-bath retreat blends luxury, privacy, and effortless access to Big Sky's world-class recreation. Enjoy direct ski-in/ski-out convenience from a groomed trail just steps from your door and sweeping mountain views overlooking Spanish Peaks and the Montage Big Sky. Inside, an open-concept design with vaulted ceilings, a striking stone fireplace, and expansive windows creates a warm, inviting space for gathering. Multiple decks and a private hot tub invite relaxation amid the mountain scenery year-round. Ownership includes access to the premier amenities of Spanish Peaks Mountain Club- ski terrain, two golf courses (with membership), fitness and recreation centers, pools, tennis and pickleball courts, and exceptional dining. Homeowners also enjoy preferred access to the five-star offerings of Montage Big Sky and the forthcoming Aspire Lodge-a 28,000-square-foot amenity center featuring dining, pools, fitness facilities, and more, opening in early 2026. Whether you're seeking an elegant mountain getaway or a year-round retreat, 146 Outlook Loop delivers unmatched access, style, and comfort in one of Big Sky's most coveted locations. Sold furnished Membership at Spanish Peaks Mountain Club required upon closing.

Listed by Will Brunner of Big Sky Sotheby's

MLS Number 413995

• Residential
• Bedrooms 4
• Bathroom 4
• Square Feet 3,227
• Acreage 0.25

Nestled in the Highlands neighborhood within the exclusive Spanish Peaks Mountain Club, this beautifully appointed 4-bedroom, 3.5-bathroom mountain retreat offers the perfect blend of luxury, comfort, and convenience. Located at the top of the Highlands neighborhood, 102 Outlook receives especially good sun exposure and enjoys expansive views across the valley, overlooking the Spanish Peaks community and the Montage hotel. With no homes across the street, this home also benefits from more privacy than most others in the neighborhood. Ski-in / ski-out access is directly across the street, and the newly completed Aspire amenity building -- that features a state of the art fitness center, basketball court, climbing wall, outdoor pool and hot tubs -- is within easy walking distance. The home has been thoughtfully designed and impeccably decorated, with considerable owner enhancements such as custom closets in the bedrooms and garage and sound proof glass around the loft TV room. The spacious open-concept living area features soaring ceilings, a cozy fireplace, and refined finishes, making it ideal for entertaining or relaxing after a day on the slopes. Membership to Spanish Peaks Mountain Club allows you preferred access and discounts to Montage Big Sky, the Tom Weiskopf 18-hole golf course, the new 10-hole Par 3 golf course, elevated dining in the Spanish Peaks Clubhouse, and endless outdoor pursuits. Whether you're seeking a year-round residence or a seasonal getaway, this Highlands gem offers the perfect base for your Montana mountain lifestyle.

Listed by Jeff Helms and John Bauchman of The Big Sky Real Estate Co.

MLS Number 415011

• Land
• Acreage 40.12
• Subdivision Other

This property is 41.2 acres of contiguous land at 1196 and 1200 Hidden Valley Road, in Bozeman's northwest growth corridor, one of the larger unentitled assemblages left in this part of town. It includes two existing single-family homes and one outbuilding, which generate holding income while the property moves through annexation. It's on the annexation track, with a Future Land Use Map designation of Urban Neighborhood. It sits within the Bozeman school district, with easy access to I-90 and nearby retail, including Costco, Target, and WinCo. It's about 10 minutes to downtown Bozeman and 15 minutes to Bozeman Yellowstone International Airport, with Bridger Bowl and Big Sky Resort both a convenient drive away. This is a great opportunity to invest in a development site in Bozeman's path of growth.

Listed by Casey Rose of Northrose Real Estate