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For sale
  • $23,500,000

    Lost Heart Ranch Ennis Lake Rd, Mc Allister, MT 59740

    4beds
    13,842sqft
    : 
    Farm, Single Family Residence
    Built in 1972
    2,725.16 Acres Lot
    $-- Zestimate®
    $1,698/sqft
    $-- HOA

    What's special

    Diverse topographyPanoramic viewsEquestrian infrastructureProductive pastureLake frontageAgricultural productionRiparian corridors
    Located on the north shore of Ennis Lake in McAllister, Montana, this legacy property presents a rare opportunity to acquire just over 2,700+/- acres in one of Montana’s most desirable valleys. The offering combines lake frontage, agricultural production, equestrian infrastructure, conservation or development potential, and a fully operational commercial component. Showing by appointment only. A working ranch with residential, livestock, and infrastructure elements in place, Lost Heart Ranch anchors the entire offering. It is subdivided into 45 legal parcels, making if a great candidate for a conservation easement, possible development, and generational use. Includes 2,500± SF 4BD/3BA main residence (1994), 2,400± SF equipment shop with attached 2BD/1BA residence (2004), 3,100± SF livestock barn, and 1400± feet of lake frontage. A rare, turnkey 23.18 acre equestrian facility located on the lake, this component of the offering includes a 6,344+/- SF luxury home with a pool, lake frontage, and full horse infrastructure. The commercial asset of this property, Lake Shore Lodge offers a strong base for hospitality, storage, and lakefront access with expansion potential. Features 42 full-service RV sites (50 amp), office/store and bathhouse with laundry, 3 dry cabins and 3 additional 4 season rental cabins, room for employee housing, marina with 10 docks and seawall. 2 drain fields and 7 holding tanks with room for expansion. Excellent potential for income generation or private estate repurposing. With panoramic views in every direction—Lone Peak to the east, the Centennial Mountains to the south, and the rugged Tobacco Root Mountains to the west—the property features diverse topography including productive pasture, riparian corridors, and juniper-covered hillsides. Comprising three primary components—Lost Heart Ranch, Lake Shore Equestrian Estate, and Lake Shore Lodge—this property supports year-round ranching, recreation, and income generation, all just minutes from Ennis and under an hour to Bozeman.
    215 days
    |
    2,451
    |
    70
    |

    Zillow last checked: 7 hours ago

    Listing updated: November 06, 2025 at 11:18am

    Listed by:

    Chris Murphy 406-570-1555,

    Benchmark Real Estate Brokers,

    Dawn Myrvik 406-579-1298,

    PureWest Real Estate Ennis

    Source: Big Sky Country MLS,MLS#: 404797Originating MLS: Big Sky Country MLS

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Appliances
    • Included: Built-In Oven, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Washer
    Interior area
    • Total structure area: 13,842
    • Total interior livable area: 13,842 sqft
    • Finished area above ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached, Garage
    • Attached garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • On waterfront: Yes
    • Waterfront features: Lake
    Lot
    • Size: 2,725.16 Acres
    • Features: Adjacent To Public Land, Level, Rolling Slope, Ranch
    • Topography: Level,Mountainous,Rolling,Sloping
    Details
    • Additional structures: Arena, Barn(s), Corral(s), Stable(s), Shed(s), Storage, Workshop
    • Additional parcels included: Legal Description * lengthy call Listing Agent for full legal
    • Parcel number: 0027075400
    • Zoning description: NONE - None/Unknown
    • Special conditions: None
    • Horse amenities: Arena, Corral(s), Hay Storage, Livestock Barn, Loafing Shed, Stock Pen(s), Stable(s), Tack Room

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Farm, Single Family Residence
    Condition
    • Year built: 1972

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electricity Connected, Fiber Optic Available, Propane, Septic Available

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Mc Allister

    Financial & listing details

    • Price per square foot: $1,698/sqft
    • Annual tax amount: $17,645
    • Date on market: 8/8/2025
    • Cumulative days on market: 211 days
    • Listing terms: Cash,3rd Party Financing
    • Electric utility on property: Yes
    • Road surface type: Gravel
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    9/19/2025Listed for sale$23,500,000$1,698/sqft
    Source: Big Sky Country MLS #404797 Report a problem
    8/8/2025Pending sale$23,500,000$1,698/sqft
    Source: Big Sky Country MLS #404797 Report a problem
    8/8/2025Listed for sale$23,500,000$1,698/sqft
    Source: Big Sky Country MLS #404797 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $129,217/mo
    Principal & interest
    $121188
    Property taxes
    $8029
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