SHARED OWNERSHIP OPPORTUNITY! Don’t miss this rare and unique chance to own a 1/8 share in a stunning, custom-built home within a gated community in Melrose, MT. This 1/8 interest guarantees you a minimum of 4 weeks per year at this incredible home, featuring privacy and breathtaking views. Public river access to the Big Hole River is just a short distance away! Spend your evenings relaxing by the fireplace and savoring your favorite treat in the backyard while listening to the peaceful flow of the Big Hole River. Wildlife such as migratory birds, turkey, deer, moose, antelope, and elk roam nearby, often grazing right outside your window—truly an unforgettable experience! This home is a must-see—schedule your private showing today!
For sale
$95,000
540 Cotton Willow Rd, Melrose, MT 59743
4beds
3,902sqft
Est.:
Single Family Residence
Built in 2007
1 Acres Lot
$-- Zestimate®
$24/sqft
$914/mo HOA
What's special
Breathtaking viewsStunning custom-built homeGated community
- 14 days |
- 16,518 |
- 556 |
Zillow last checked: 8 hours ago
Listing updated: February 09, 2026 at 06:37pm
Listed by:
Katie Reilly 406-498-9566,
Engel & Volkers - Butte
Source: Big Sky Country MLS,MLS#: 408478Originating MLS: Big Sky Country MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Dining Room, Family Room, Half Bath, Kitchen, Laundry, Living Room
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Built-In Oven, Double Oven, Dryer, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer
Interior area
- Total structure area: 3,902
- Total interior livable area: 3,902 sqft
- Finished area above ground: 3,902
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Gravel Driveway, Landscaping
- Has view: Yes
- View description: Farmland, Lake, Mountain(s), Pond, River, Creek/Stream, Trees/Woods
- Has water view: Yes
- Water view: Lake,Pond,River,Creek/Stream
- Waterfront features: Creek, River Front
Lot
- Size: 1 Acres
- Features: Landscaped
Details
- Parcel number: 0000008978
- Zoning description: NONE - None/Unknown
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Water: Community/Coop, Well
- Utilities for property: Electricity Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Gated
- Security: Gated Community
- Subdivision: Meriwether Ranch
HOA
- Has HOA: Yes
- Services included: Insurance, Maintenance Grounds, Maintenance Structure, Road Maintenance, Sewer, Snow Removal, Trash, Water
- HOA fee: $10,968 annually
Location
- Region: Melrose
Financial & listing details
- Price per square foot: $24/sqft
- Annual tax amount: $10,968
- Date on market: 2/10/2026
- Cumulative days on market: 380 days
- Listing terms: Cash,3rd Party Financing
- Ownership: Fractional
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$4,623/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Listed for sale | $95,000-15.2%$24/sqft |
Source: Big Sky Country MLS #408478 Report a problem | ||
| 2/6/2026 | Listing removed | $112,000$29/sqft |
Source:  Engel & Volkers #399401 Report a problem | ||
| 2/8/2025 | Price change | $112,000-2.6%$29/sqft |
Source: Big Sky Country MLS #399401 Report a problem | ||
| 6/30/2024 | Listed for sale | $115,000$29/sqft |
Source:  MRMLS #30029564 Report a problem | ||
| 1/21/2022 | Sold | -- |
Source: MRMLS #22117368 Report a problem | ||
| 12/11/2021 | Pending sale | $115,000$29/sqft |
Source: MRMLS #22117368 Report a problem | ||
| 11/19/2021 | Price change | $115,000-23.3%$29/sqft |
Source: MRMLS #22117368 Report a problem | ||
| 11/16/2021 | Listed for sale | $150,000+57.9%$38/sqft |
Source: MRMLS #22117368 Report a problem | ||
| 6/23/2021 | Sold | -- |
Source: MRMLS #21917505 Report a problem | ||
| 4/27/2021 | Pending sale | $95,000$24/sqft |
Source: MRMLS #21917505 Report a problem | ||
| 12/1/2020 | Listed for sale | $95,000$24/sqft |
Source: MRMLS #21917505 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$1,487/mo
Principal & interest
$490
HOA Fees
$914
Property taxes
$83
Climate risks
Neighborhood: 59743
Nearby schools
GreatSchools rating
- NAMelrose SchoolGrades: PK-8Distance: 1.6 mi
- 5/10Butte High SchoolGrades: 9-12Distance: 26.3 mi
Local experts in 59743
