Set on 20 private acres with sweeping views of the Madison and Centennial mountain ranges, 23 Lake Trail offers a rare opportunity to experience Montana at its finest. Located in the highly sought-after Madison River Ranches, this property combines space, privacy, and access to some of the region’s most iconic outdoor recreation.
Originally built in 2002 and extensively renovated in 2015, the home blends classic log construction with thoughtful updates and modern livability. The exterior logs were professionally restored in fall 2024, enhancing both the home’s durability and its timeless Montana character.
Inside, the main level features an open and inviting layout with distinct spaces for dining, relaxing, and gathering, complemented by a generously sized pantry for added functionality. The upper level offers a flexible, open-concept design with a kitchenette, ideal for hosting guests, extended stays, or creating a separate living space.
A spacious three-car garage/shop provides ample room for vehicles, equipment, and all the gear that comes with Montana living.
Ownership in Madison River Ranches includes access to over 55 acres of shared open space and private Madison River frontage, an exceptional amenity for world-class fly fishing and quiet days along the water. Just minutes from National Forest access, Cliff and Wade Lakes, and within easy reach of Hebgen Lake, Henry’s Lake, and Yellowstone National Park, this location places endless recreation right at your doorstep.
Whether you’re looking for a private retreat, a basecamp for adventure, or a property to enjoy for generations, 23 Lake Trail delivers scale, views, and access in one compelling package.
91 days
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1,060
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66
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Zillow last checked:
Listing updated:
Listed by:
Lincoln Roberts406-581-6283,
Engel & Volkers - Ennis
Source: Big Sky Country MLS,MLS#: 410326Originating MLS: Big Sky Country MLS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Rooms
Room types: Three Quarter Bath, Dining Room, Family Room, Full Bath, Kitchen, Laundry, Living Room
Heating
Baseboard, Electric, Propane, Stove
Cooling
Ceiling Fan(s)
Appliances
Included: Dryer, Range, Refrigerator, Washer
Features
Flooring: Carpet, Hardwood
Interior area
Total structure area: 3,136
Total interior livable area: 3,136 sqft
Finished area above ground: 3,136
Property
Parking
Total spaces: 3
Parking features: Detached, Garage
Garage spaces: 3
Features
Levels: Two
Stories: 2
Patio & porch: Balcony, Covered, Patio
Fencing: Partial
Has view: Yes
View description: Meadow, Mountain(s), Valley, Trees/Woods
Waterfront features: None
Lot
Size: 20 Acres
Details
Parcel number: 0027245640
Zoning description: None/Unknown
Special conditions: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Cabin
Property subtype: Single Family Residence
Materials
Log
Roof: Metal
Condition
New construction: No
Year built: 2002
Utilities & green energy
Sewer: Septic Tank
Water: Well
Utilities for property: Electricity Connected, Fiber Optic Available, Septic Available, Water Available
Community & HOA
Community
Features: Gated
Security: Gated Community
Subdivision: Madison River Ranches
HOA
Has HOA: Yes
Amenities included: Clubhouse, Trail(s)
Services included: Road Maintenance
HOA fee: $520 annually
Location
Region: Cameron
Financial & listing details
Price per square foot: $285/sqft
Annual tax amount: $2,516
Date on market: 4/14/2026
Cumulative days on market: 279 days
Listing terms: Cash,1031 Exchange,3rd Party Financing
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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