Legacy Waterfront on Upper Thompson Lake | 36 Rainbow Court | Libby, MT
Rare opportunities like this don't come along often. This exceptional 1.001-acre waterfront property offers 186 feet of private frontage on beautiful Upper Thompson Lake, one of the gems of Montana's Thompson Chain of Lakes.
Unlike vacant waterfront land, this property is ready to enjoy today while you plan your dream home. Existing improvements include a private well, septic system, electrical service, large dock, boat lift, personal watercraft port, and a small storage garage, along with room and hookups to accommodate up to three RVs—perfect for hosting family and friends all summer long.
Spend your days boating, fishing, paddleboarding, kayaking, swimming, or simply relaxing on your own private shoreline. Wake up to the sound of loons and end each evening with breathtaking sunsets over crystal-clear mountain waters.
Upper Thompson Lake is well known for excellent fishing, including bass and trout, and is surrounded by thousands of acres of National Forest offering hiking, hunting, ATV riding, snowmobiling, and year-round recreation. Happy's Inn is just minutes away for dining, fuel, and live music, while Kalispell, Libby, Glacier National Park, and Glacier Park International Airport are all within a comfortable drive.
One of the property's greatest values is its rarity. Opportunities to purchase a buildable waterfront parcel on Upper Thompson Lake are becoming increasingly scarce, making this an exceptional opportunity to create a lasting Montana legacy.
Whether you're looking for a family retreat, vacation property, or future lakefront home, this property offers the perfect combination of privacy, recreation, and investment potential.
Property Highlights:
1.001 acres
186 feet of private waterfront
Private well, septic, and electrical service
Large dock, boat lift, and personal watercraft port
Three RV hookup sites
Small storage garage
Mature trees and beautiful level building area
Private gate.
Endless year-round recreation
Offered at $849,000.
Buyer's agents are welcome, and the seller is willing to work with and compensate a licensed buyer's agent.
For sale by owner
$849,000
36 Rainbow Ct, Libby, MT 59923
--beds
0baths
1Acres
VacantLand
Built in ----
1 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
Overview
- 50 days
- 343
- 13
Listed by:
Property Owner (406) 270-6990
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Parking
- Parking features: Garage - Detached
Features
- Has view: Yes
- View description: Water, Mountain
- Has water view: Yes
- Water view: Water
Lot
- Size: 1 Acres
Details
- Parcel number: 56382730302310000
Community & HOA
Location
- Region: Libby
Financial & listing details
- Tax assessed value: $451,660
- Annual tax amount: $1,498
- Date on market: 7/28/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Listed for sale | $849,000 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,498 -15.3% | $451,660 +33.1% |
| 2024 | $1,769 +6.9% | $339,330 |
| 2023 | $1,655 -15.1% | $339,330 +9.9% |
| 2022 | $1,950 +9.1% | $308,860 |
| 2021 | $1,787 +7.9% | $308,860 +35.6% |
| 2020 | $1,656 -1.7% | $227,800 |
| 2019 | $1,685 +3.8% | $227,800 +4.7% |
| 2018 | $1,624 +3.6% | $217,510 |
| 2017 | $1,568 -1.3% | $217,510 +1.8% |
| 2016 | $1,589 +33.6% | $213,700 |
| 2015 | $1,189 -14% | $213,700 +71.3% |
| 2014 | $1,383 +5.9% | $124,782 +7.5% |
| 2013 | $1,306 | $116,070 |
Find assessor info on the county website
Monthly payment
Est. payment




