Lost Heart Ranch Ennis Lake Rd, McAllister, MT 59740
Local realty services provided by:ERA Landmark Real Estate
Listed by: chris murphy, dawn myrvik
Office: benchmark real estate brokers
MLS#:404797
Source:MT_BZM
Price summary
- Price:$23,500,000
- Price per sq. ft.:$1,697.73
About this home
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.
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Home facts
- Year built:1972
- Listing ID #:404797
- Added:52 day(s) ago
- Updated:November 15, 2025 at 06:42 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:13,842 sq. ft.
Structure and exterior
- Year built:1972
- Building area:13,842 sq. ft.
- Lot area:2725.16 Acres
Utilities
- Water:Well
- Sewer:Septic Available
Finances and disclosures
- Price:$23,500,000
- Price per sq. ft.:$1,697.73
- Tax amount:$17,645 (2024)
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