Skip main navigation
For sale
    • $2,499,000

    198 E River Rd, Emigrant, MT 59027

    6beds
    3,516sqft
    : 
    $14,355/mo
    Get pre-qualified
    Single Family Residence
    Built in 1992
    22.03 Acres Lot
    $-- Zestimate®
    $711/sqft
    $-- HOA

    What's special

    Experience the ultimate Montana retreat with this stunning custom log home in Emigrant, Montana. Nestled in the majestic beauty of Paradise Valley and bordered by vast expanses of State and U.S. Forest Service land, this property offers unmatched access to Montana’s wild beauty. Located minutes from Yellowstone National Park, you’ll enjoy incredible wildlife sightings, from elk herds, big horn sheep, and deer to occasional moose and bears. Bird enthusiasts will be captivated by the daily visits of osprey, eagles, herons, and more. For fishing enthusiasts, the Yellowstone River, a world-class trout fishing destination, is right at your doorstep with a nearby public boat launch. And when you’re ready to unwind, you’re just minutes from the luxury of Chico Hot Springs Resort and Sage Lodge, offering fine dining, day spas, and hot springs to relax and rejuvenate. This recently renovated 6-bedroom, 5-bathroom home is designed for both comfort and versatility. With two kitchens, two living areas, and two laundry rooms, plus a separate entrance to the lower level, it’s ideal for hosting large families, adventure groups, or corporate retreats. Currently a successful vacation rental with proven rental history and easy enough for you to continue, or make it a family compound. Additionally, there’s a 3,100-square-foot unfinished guest house for expansion and a 30x40 heated, 3-stall garage for all your outdoor gear. Horse lovers will appreciate the barn and fenced pasture areas already in place. From fishing and hiking to relaxing at nearby hot springs, this property is a base camp for year-round adventure. Whether you’re seeking a private sanctuary, a luxury rental investment, or a bit of both, this extraordinary property delivers the perfect Montana lifestyle. Make it yours today!
    139 days
    |
    599
    |
    34
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Chelsea Stewart 406-579-0740,

    ERA Landmark Real Estate

    Source: Big Sky Country MLS,MLS#: 409055Originating MLS: Big Sky Country MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 1
      • 3/4 bathrooms: 4
      Rooms
      • Room types: Three Quarter Bath, Dining Room, Full Bath, Kitchen, Laundry, Loft, Living Room
      Heating
      • Baseboard, Electric, Heat Pump, Stove
      Cooling
      • Ceiling Fan(s), Wall/Window Unit(s)
      Appliances
      • Included: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
      • Laundry: In Basement
      Features
      • Vaulted Ceiling(s), Walk-In Closet(s), Wood Burning Stove, Window Treatments
      • Flooring: Hardwood, Partially Carpeted, Tile
      • Windows: Window Coverings
      • Basement: Bathroom,Bedroom,Daylight,Egress Windows,Kitchen,Rec/Family Area,Walk-Out Access
      • Has fireplace: Yes
      • Fireplace features: Basement, Wood Burning Stove
      Interior area
      • Total structure area: 3,516
      • Total interior livable area: 3,516 sqft
      • Finished area above ground: 2,052

      Property

      Parking
      • Total spaces: 3
      • Parking features: Detached, Garage
      • Garage spaces: 3
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Balcony, Covered, Deck, Porch
      • Exterior features: Gravel Driveway
      • Fencing: Log Fence,Partial,Split Rail
      • Has view: Yes
      • View description: Farmland, Mountain(s), Rural, River, Creek/Stream
      • Has water view: Yes
      • Water view: River,Creek/Stream
      • Waterfront features: None
      Lot
      • Size: 22.03 Acres
      • Features: Adjacent To Public Land, Lawn
      Details
      • Additional structures: Barn(s), Guest House, Workshop
      • Parcel number: 0006794090
      • Zoning description: Call Listing Agent for Details
      • Special conditions: None
      • Horse amenities: Hay Storage

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin,Rustic
      • Property subtype: Single Family Residence
      Materials
      • Log, Wood Siding
      • Roof: Asphalt,Shingle
      Condition
      • New construction: No
      • Year built: 1992

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Available, Propane, Septic Available, Water Available

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Heat Detector, Smoke Detector(s)
      • Subdivision: River Bend
      HOA
      • Has HOA: No
      • Amenities included: Water
      Location
      • Region: Emigrant

      Financial & listing details

      • Price per square foot: $711/sqft
      • Tax assessed value: $1,241,947
      • Annual tax amount: $4,315
      • Date on market: 3/10/2026
      • Cumulative days on market: 140 days
      • Listing terms: Cash,1031 Exchange,3rd Party Financing
      • Ownership: Full
      • Lease term: Daily
      • Total actual rent: 960
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/10/2026Listed for sale$2,499,000$711/sqft
        Source: Big Sky Country MLS #409055 Report a problem
        8/28/2025Listing removed$2,499,000$711/sqft
        Source: Big Sky Country MLS #402431 Report a problem
        5/25/2025Listed for sale$2,499,000-16%$711/sqft
        Source: Big Sky Country MLS #402431 Report a problem
        5/22/2025Listing removed$2,975,000$846/sqft
        Source: Big Sky Country MLS #398245 Report a problem
        3/24/2025Price change$2,975,000-14.4%$846/sqft
        Source: Big Sky Country MLS #398245 Report a problem
        2/13/2025Listed for sale$3,475,000-4.8%$988/sqft
        Source: Big Sky Country MLS #398245 Report a problem
        10/12/2023Listing removed--
        Source: Big Sky Country MLS #385146 Report a problem
        8/16/2023Listed for sale$3,650,000+102.8%$1,038/sqft
        Source: Big Sky Country MLS #385146 Report a problem
        3/15/2022Sold--
        Source: Big Sky Country MLS #361008 Report a problem
        1/9/2022Pending sale$1,800,000$512/sqft
        Source: Big Sky Country MLS #361008 Report a problem
        10/7/2021Listed for sale$1,800,000$512/sqft
        Source: Big Sky Country MLS #361008 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,952 +9.5%$1,241,947 +36.6%
        2024$3,608 +5.3%$909,493
        2023$3,428 +20.6%$909,493 +54.8%
        2022$2,843 +1.1%$587,409
        2021$2,811 -2.8%$587,409 +9.4%
        2020$2,892 -6.4%$536,755
        2019$3,089 +5.3%$536,755 +15.5%
        2018$2,934 +1.2%$464,777
        2017$2,899 +7.2%$464,777 +3.5%
        2016$2,704 +8.5%$448,921
        2015$2,492 +1.1%$448,921 +88.8%
        2014$2,464 -4.6%$237,728 -1.3%
        2013$2,583 -0.7%$240,925 +1.7%
        2012$2,601 $236,915
        2011-- --
        2010-- --
        2009-- --
        2008-- $346,498
        2007-- $346,498
        2006-- $346,498 +3.7%
        2005-- $334,228 +25.7%
        2004-- $265,908 -11.3%
        2003-- $299,708 +15.8%
        2002-- $258,804
        2000-- $258,804
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 59027

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby zip codes

              Other Pray Topics

                Search
                Updates
                Favorites
                Plan
                Inbox