Set along the banks of the East Gallatin River, this 36± acre property offers a rare combination of river frontage, exceptional recreational opportunities, and scenic beauty, all just minutes from Bozeman. With approximately 2,500± feet of river frontage on both sides of the East Gallatin, the property is defined by the water that moves through it, offering exceptional fly fishing opportunities literally steps from the front door.
The land itself is a working balance of approximately 12± acres in alfalfa, lush riparian and prime wildlife habitat. Pheasant, waterfowl, and whitetail deer occupy the property, making this an outstanding property for various sporting pursuits. Beyond the sporting opportunities, the setting delivers sweeping views of the Bridger Mountain Range, creating a backdrop that changes beautifully with the seasons.
Improvements on the property include a comfortable and well-maintained 3,415± square foot home, built in 1986, with five bedrooms and three bathrooms, offering a practical base camp or full-time Montana residence. A detached garage and shed provide additional storage and workspace for equipment, gear, and projects. While the existing improvements are functional and well cared for, there appears to be a compelling opportunity to enhance the property through thoughtful, timeless renovations that could further elevate its appeal.
Despite its tranquil, tucked-away feel, East Gallatin Riverlands is remarkably well-connected. Bozeman Yellowstone International Airport is just 10± minutes away, Main Street Bozeman is a quick 15± minute drive, and Bridger Bowl Ski Area is approximately 35± minutes out, putting world-class skiing, dining, shopping, and air travel all within easy reach.
Whether you're seeking a private fishing retreat, a productive small acreage, or a basecamp for year-round Montana adventure, East Gallatin Riverlands offers a compelling blend of river frontage, mountain views, and genuine sporting heritage.
Property Facts
Pending
$2,950,000
2150 Penwell Bridge Rd, Belgrade, MT 59714
5beds
3,415sqft
Farm, Single Family Residence
Built in 1986
36 Acres Lot
$-- Zestimate®
$864/sqft
$-- HOA
What's special
- 28 days
- 189
- 41
Zillow last checked:
Listing updated:
Listed by:
Ryan Bramlette 406-580-9569,
Fay Ranches
Source: Big Sky Country MLS,MLS#: 414426Originating MLS: Big Sky Country MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Full Bath, Primary Bedroom
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Other
- Level: Main
Appliances
- Included: Built-In Oven, Cooktop, Dryer, Dishwasher, Range, Refrigerator, Washer
Features
- Main Level Primary
- Basement: Bedroom,Bath/Stubbed
Interior area
- Total structure area: 3,415
- Total interior livable area: 3,415 sqft
- Finished area above ground: 1,715
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Farmland, Meadow, Mountain(s), Rural, River, Southern Exposure, Creek/Stream, Trees/Woods
- Has water view: Yes
- Water view: River,Creek/Stream
- Waterfront features: Creek, River Front, River Access, Seasonal, Stream
Lot
- Size: 36 Acres
- Features: Adjacent To Public Land, Acreage, Farm, Level, Meadow, Pasture, Ranch
- Topography: Level
- Residential vegetation: Crop(s), Grassed, Partially Wooded
Details
- Additional structures: Shed(s)
- Parcel number: RED22839
- Zoning description: Call Listing Agent for Details
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Farm, Single Family Residence
Condition
- Year built: 1986
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available, Propane, Septic Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Belgrade
Financial & listing details
- Price per square foot: $864/sqft
- Tax assessed value: $759,551
- Annual tax amount: $3,499
- Date on market: 9/3/2026
- Listing terms: Cash,1031 Exchange,3rd Party Financing
- Ownership: Full
- Has irrigation water rights: Yes
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Pending sale | $2,950,000$864/sqft |
Source: Big Sky Country MLS #414426 Report a problem | ||
| 9/3/2026 | Listed for sale | $2,950,000$864/sqft |
Source: Big Sky Country MLS #414426 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,345 -36.1% | $759,551 -11.9% |
| 2024 | $5,234 +1.9% | $862,377 |
| 2023 | $5,135 +20.6% | $862,377 +55.4% |
| 2022 | $4,259 -1.1% | $554,947 |
| 2021 | $4,307 -5.4% | $554,947 +1.9% |
| 2020 | $4,553 -5.6% | $544,384 |
| 2019 | $4,823 +30.2% | $544,384 +32.7% |
| 2018 | $3,703 +2.7% | $410,331 |
| 2017 | $3,606 +22.9% | $410,331 +33.1% |
| 2016 | $2,933 | $308,376 |
| 2015 | $2,933 +21.6% | $308,376 +90.2% |
| 2014 | $2,411 +0.1% | $162,104 +3% |
| 2013 | $2,408 +0.2% | $157,347 +3.4% |
| 2012 | $2,403 | $152,106 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $202,356 |
| 2007 | -- | $202,356 |
| 2006 | -- | $202,356 |
| 2005 | -- | $202,356 |
| 2004 | -- | $202,356 |
| 2003 | -- | $202,356 +17.1% |
| 2002 | -- | $172,811 |
| 2000 | -- | $172,811 |
Find assessor info on the county website
Monthly payment
Est. payment




