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Spanning 150± acres beneath the dramatic silhouette of the Bridger Mountains, Penwell Preserve is a finite Montana offering where working agricultural land and premier wildlife habitat come together just minutes outside downtown Bozeman. Protected under a conservation easement held by the Montana Land Reliance, the property carries a legacy of stewardship that will ensure its open pastures and natural character endure for generations to come. This offering represents a rare opportunity to secure a legacy landholding in one of Montana's fastest-growing regions, where development pressure continues to reshape much of the surrounding landscape.

The property enjoys sweeping views of the Bridger Mountains within a highly desirable Gallatin Valley location, with the East Gallatin River situated just beyond the property boundary and only a short walk away. The land has been strategically planted to support both agricultural production and wildlife habitat. Open fields have traditionally been planted in alfalfa hay, barley, and sorghum, while rows of basin wildrye provide valuable nesting and cover for upland birds and whitetail deer. Together, these plantings create exceptional habitat for pheasants, waterfowl, and whitetail deer. Penwell Preserve delivers a true sportsman's setting right outside its own back door.

Beyond its recreational appeal, the Montana Land Reliance conservation easement allows for a single-family residence, along with additional improvements such as barns, stables, corrals, grain silos, hay and feed storage buildings, fencing, duck blinds, warming huts, and ponds. This flexibility ensures the property can support both agricultural operations and recreational infrastructure while preserving the open character that makes it so special. It is a rare chance to own a piece of the valley's storied ranching heritage.

• Acres
  150
• Days on Market
  20

Additional Features

• City
  Belgrade
• Co List Agent Direct Phone
  (406) 551-5175
• Co List Agent Email
  rjungersma@gmail.com
• Co List Agent Full Name
  Randy Ungersma
• Co List Office Name
  Mc Caw, De Vries, Steinhauer & Co.
• Contract Status Change Date
  2026-09-02
• Cumulative Days On Market
  1
• Directions
  Off Penwell Bridge Road
• Fencing
  Partial
• Latitude
  45.801861
• Listing Contract Date
  2026-09-02
• Listing Key
  1189551164
• List Price
  3300000
• Longitude
  -111.139626
• Lot Features
  Adjacent To Public Land, Level
• Lot Size Acres
  150.00000
• Lot Size Square Feet
  6534000
• MLS Area Major
  Belgrade
• MLS Area Minor
  3 N - Belgrade Area N of I90
• MLS Status
  Active
• Original List Price
  3300000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  R E G81666
• Photos Count
  14
• Postal Code
  59714
• Property Sub Type
  Unimproved Land
• Property Type
  Land
• Standard Status
  Active
• Subdivision Name
  7 Ranges
• Tax Annual Amount
  627.17
• Tax Legal Description
  S29, T01 N, R05 E, C.O.S. 2192, Parcel 1, Acres 150.152, South Of Penwell Bridge Road. Exact Legal Description TBD by Title Company.
• Tax Year
  2025
• Unparsed Address
  T B D Penwell Bridge
• Utilities
  None
• View
  Farmland, Meadow, Mountains, Rural, River, Southern Exposure, Creek Stream, Trees Woods
• View
  Yes
• Waterfront Features
  Creek, River Front, River Access

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