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Under contract
  • Price cut: $600K (5/19)
    $3,900,000

    10052 Floating Island Way, Shepherd, MT 59079

    4beds
    6,071sqft
    : 
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    Farm
    Built in 2000
    198.34 Acres Lot
    $-- Zestimate®
    $642/sqft
    $-- HOA

    What's special

    Panoramic viewsTwo stone chimneysMagnificent custom timbered home
    This stunning and luxurious property features a magnificent custom timbered home sited high above the Yellowstone River, offering panoramic views and exceptional recreational opportunities. The breathtaking and ever-changing views from the spacious patios and executive master bedroom are truly spectacular. The house is solidly built with exposed Douglas Fir beams and two stone chimneys. Fish Fry Lake boasts 7 acres of premium fishing from 6-pound largemouth bass and "boss" bluegills to dozens of panfish. Water quality is assured by maintenance-free floating islands. For the hunter, this private lake attracts wood ducks, prized for their exquisite plumage.Deer hunting is exceptional, with high-scoring muleys and whitetail only minutes away. The exclusive private channel below the house provides accessible waterfowl opportunities. The property is licensed as a prestigious pheasant hunting preserve (Joy of Hunting) and supports acres of dryland or irrigated food plots, roosting cover and thermal mass. A mature gourmet heirloom orchard produces apples and pears, which are usually shared with neighbors or sold to the local cider mill. A separate updated 2-story cottage with 3-bay carport can house a property manager or guest overflow. Only 25 minutes from the modern amenities and convenience of Montana's largest community!
    253 days
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    172
    |
    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rachel Court 406-794-9915,

    Coldwell Banker The Brokers

    Source: BMTMLS,MLS#: 356137MLS LogoOriginating MLS: Billings Association Of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Propane
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Appliances Negotiable, Refrigerator
      • Laundry: Washer Hookup, Dryer Hookup
      Features
      • Fireplace
      • Has basement: Yes
      • Has fireplace: Yes
      Interior area
      • Total interior livable area: 6,071 sqft
      • Finished area above ground: 6,071
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 198.34 Acres
      Details
      • Parcel number: D12651

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Two Story
      • Property subtype: Farm
      Materials
      • Synthetic Stucco
      Condition
      • Resale
      • Year built: 2000

      Utilities & green energy

      • Water: Cistern
      • Utilities for property: Natural Gas Available, Phone Available, Electricity Available

      Community & HOA

      Location
      • Region: Shepherd

      Financial & listing details

      • Price per square foot: $642/sqft
      • Tax assessed value: $1,266,014
      • Annual tax amount: $10,437
      • Date on market: 10/17/2025
      • Listing terms: Cash,Conventional,1031 Exchange,New Loan,VA Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,582/mo

        Price history

        DateEventPrice
        5/28/2026Contingent$3,900,000$642/sqft
        Source: BMTMLS #356137 Report a problem
        5/19/2026Price change$3,900,000-13.3%$642/sqft
        Source: BMTMLS #356137 Report a problem
        2/19/2026Listed for sale$4,500,000$741/sqft
        Source: BMTMLS #356137 Report a problem
        1/10/2026Contingent$4,500,000$741/sqft
        Source: BMTMLS #356137 Report a problem
        1/5/2026Price change$4,500,000-13.5%$741/sqft
        Source: BMTMLS #356137 Report a problem
        10/17/2025Listed for sale$5,200,000$857/sqft
        Source: BMTMLS #356127 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,258 -4.5%$1,266,014 +20.3%
        2024$8,648 -1.8%$1,052,540
        2023$8,805 +9.8%$1,052,540 +23.7%
        2022$8,021 +0.3%$850,753
        2021$8,000 +25.7%$850,753 +7.1%
        2020$6,366 -5.9%$794,255
        2019$6,766 +8.4%$794,255 +10.4%
        2018$6,243 +1.9%$719,463
        2017$6,124 +7.3%$719,463 +2.9%
        2016$5,707 $699,377
        2015$5,707 +17%$699,377 +117.8%
        2014$4,878 +6.5%$321,107 +8.8%
        2013$4,580 +0.9%$295,079 +1.2%
        2012$4,540 $291,560
        2010-- --
        2009-- --

        Find assessor info on the county website

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          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 59079

          Nearby schools

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