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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.

• Bedrooms
  4
• Bathrooms
  4
• Sq Footage
  13842
• Acres
  2840.16
• Days on Market
  50

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
  50
• 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
  2840.16
• 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

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