Lost Heart Ranch Ennis Lake Rd
McAllister, Montana 59729

$23,500,000Pending Sale

MLS #404797

Listing Details

  • 4Bedrooms
  • 4Bathrooms
  • 13842Sq Footage
  • 2840.16Acres
  • $23,500,000Price

Located on the north shore of Ennis Lake in McAllister, Montana, this legacy property presents a rare opportunity to acquire just over 2,800± 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 46 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, 115 acre hayfield with pivot, and 200± 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 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 4 additional rental cabins, employee housing on-site, marina with 10 docks and seawall. 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 four primary components—Lost Heart Ranch, Lost Heart Hayfield, 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.

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Additional Features

  • Appliances
    Built In Oven, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Washer
  • Attached Garage
    Yes
  • Bathrooms Full
    4
  • Bathrooms Total Integer
    4
  • Bedrooms Total
    4
  • Building Area Total
    13842
  • City
    Mc Allister
  • Co List Agent Direct Phone
    406-579-1298
  • Co List Agent Email
    dawn@purewestmt.com
  • Co List Agent Full Name
    Dawn Myrvik
  • Co List Office Name
    Pure West Real Estate Ennis
  • Contract Status Change Date
    2025-08-08
  • Cumulative Days On Market
    37
  • Directions
    North shore of Ennis Lake, Call L A.
  • Garage Spaces
    4
  • Garage
    Yes
  • Latitude
    45.447776
  • Levels
    Two
  • Listing Contract Date
    2025-07-02
  • Listing Key
    1126019382
  • List Price
    23500000
  • Living Area
    13842
  • Longitude
    -111.688076
  • Lot Features
    Adjacent To Public Land, Level, Rolling Slope, Ranch
  • Lot Size Acres
    2840.16000
  • Lot Size Square Feet
    123717370
  • MLS Area Major
    Madison/ Beaverhead/ Jefferson
  • MLS Area Minor
    7 M M - Madison - Madison Vly
  • Off Market Date
    2025-08-08
  • Original List Price
    23500000
  • Originating System Name
    S W M T
  • Other Structures
    Arena, Barns, Corrals, Stables, Sheds, Storage, Workshop
  • Parcel Number
    0027075400
  • Parking Features
    Attached, Garage
  • Photos Count
    52
  • Postal Code
    59729
  • Property Sub Type
    Single Family Residence
  • Property Type
    Farm
  • Road Surface Type
    Gravel
  • Sewer
    Septic Tank
  • Standard Status
    Pending
  • Stories
    2
  • Tax Annual Amount
    17645
  • Tax Legal Description
    Lost Heart Ranch: Township 4 South, Range 1 West, P.M.M., Madison Country, Montana Final TBD by Title Company * lengthy call Listing Agent for full legal
  • Tax Year
    2024
  • Unparsed Address
    Lost Heart Ranch Ennis Lake Rd
  • Utilities
    Electricity Connected, Fiber Optic Available, Propane, Septic Available
  • Waterfront Features
    Lake
  • Water Source
    Well
  • Year Built
    1972
  • Virtual Tour URL Unbranded
    https://www.id.land/maps/d18a6e80cf75ac357714e3ec8f01b665/share
Jody Savage

Let me show you this listing!

Listing Provided By Benchmark Real Estate Brokers, Chris Murphy

Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.

What our clients are saying:

Jody was awesome to work with. We were new to the area and she was helpful and knowledgeable about not only the housing market, but schools, and lenders. She worked with my work schedule for showings. Jody also stayed late to write an offer to meet our schedule. I would recommend Jody to anyone needing a realtor.

M.L.

Jody Savage is knowledgeable, trustworthy and tireless. I purchased a property this spring (2017) near Bozeman; Jody represented me as well as the seller in the transaction. Jody led me through the entire process because this was the first property I had ever purchased. HOA complications and other details made the purchase more difficult. Jody undertook a boat-load of legwork to make the transaction go smoothly. I hope to work with Jody again.

J.D.

Jody is amazing. She knows the market and was able to advise us on all our many concerns. We so appreciated how responsive she was; within minutes of submitting an online request for realtor contact on a house, she had called us. All our communications with her were like that; we never had to wait long to hear back from her. She was patient and always willing to sit down and meet with us. When we found the house we wanted, she worked tirelessly to secure it for us, and she was extremely patient with us. She was easy to communicate with, understand, and a pleasure to work with – I highly recommend Jody!

J.T.

My wife and I used Jody Savage for the sale of our home in Gallatin Gateway, MT. Jody was exceptional in all phases of our sale. We had multiple offers over asking price and sold our home in two days! Jody uses up to date modern marketing, was extremely professional and knowledgeable regarding our market and addressing our needs. She was great to work with and very responsive to any questions we had. Jody is the best in the business and we highly recommend her services!

G.B.

Jody is FANTASTIC!! We were first time home buyers and she was with us ever step of the way! She never made us feel silly for being new to the process. She definitely knows the area, always kept us up to date on new listings and was just a delight to work with. I would have absolutely zero hesitation recommending her to anyone. Thanks for all the hard-work Jody! We love our house!

K.G.