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The Drift at North Forty presents a rare opportunity to acquire a partially completed luxury residential development with significant remaining upside in the heart of Montana's Madison Valley. Unlike a traditional land offering, the Property combines completed infrastructure, municipal utility approvals, and existing income-producing assets with substantial future development potential, providing a de-risked platform for value creation.

Located within the North Forty master-planned community in Ennis, Montana, the offering includes eight completed luxury condominium residences that have established the project's architectural identity and demonstrated demand for high-quality residential product. Beyond the existing residences, the Property offers the opportunity to develop additional luxury residential units, higher-density multifamily housing, boutique hospitality, or a thoughtfully integrated mixed-use concept, subject to applicable approvals and a purchaser's due diligence.

Existing roads, utilities, and horizontal infrastructure significantly reduce entitlement risk, development timelines, and capital requirements compared to a typical greenfield project, allowing an investor to focus on executing the next phase of development.

Positioned approximately one hour from both Yellowstone National Park and Big Sky Resort, Ennis has emerged as one of Montana's most desirable recreation markets. Anchored by the world-renowned Madison River, the area attracts year-round visitors and residents seeking exceptional fly fishing, hunting, hiking, skiing, and mountain recreation. Continued population growth, increasing tourism, and limited luxury housing inventory have created strong demand for high-quality residential and hospitality product.

Whether completed as a luxury condominium community, expanded into a higher-density residential project, developed as a boutique hospitality destination, or executed through a phased mixed-use strategy, The Drift offers multiple paths to unlock value. With completed improvements already in place, existing market validation, and meaningful remaining development capacity, the Property represents a unique opportunity to acquire a premier development platform in one of Montana's most supply-constrained and desirable mountain communities.

• Acres
  3.21
• Days on Market
  11

Additional Features

• City
  Ennis
• Contract Status Change Date
  2026-07-14
• Directions
  From Ennis, travel north on U S Highway 287. Turn left onto Laura Lane, then right onto Otis Avenue. Continue to the property, which will be on the right.
• Documents Count
  3
• Latitude
  45.357741
• Listing Contract Date
  2026-07-14
• Listing Key
  1177019227
• List Price
  5900000
• Longitude
  -111.732828
• Lot Size Acres
  3.21000
• Lot Size Square Feet
  139828
• MLS Area Major
  Madison/ Beaverhead/ Jefferson
• MLS Area Minor
  7 M M - Madison - Madison Vly
• MLS Status
  Active
• Original List Price
  5900000
• Originating System Name
  S W M T
• Parcel Number
  0027023326 & 0027023322
• Photos Count
  35
• Postal Code
  59729
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Sewer
  Public Sewer
• Standard Status
  Active
• Subdivision Name
  North Forty
• Tax Legal Description
  NORTH FORTY SUBDIVISION, S33, T05 S, R01 W, BLOCK 2, ACRES 1.5, TOWN PLAT 2/268 & NORTH FORTY SUBDIVISION, S33, T05 S, R01 W, BLOCK 3, ACRES 1.71, TOWN PLAT 2/268
• Tax Year
  20
• Unparsed Address
  450 Loomis Way & 420 Sage Avenue
• Utilities
  Electricity Available, Fiber Optic Available, Sewer Available, Water Available
• Water Source
  Public

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