Tucked deep in Montana's Centennial Valley, Elk Lake Resort presents a rare chance to own a legacy hospitality business in one of the most unspoiled and wildlife-rich settings in the West. Surrounded by sweeping views, endless skies, and abundant big game, the resort's business, buildings, and infrastructure are now offered for sale—completely turnkey and ready for the next chapter. Operating seasonally, the resort currently offers all-inclusive lodging, dining, and outdoor recreation to guests seeking the ultimate off-grid experience. The property includes multiple cozy guest cabins, a spacious ranch house, a fully equipped main lodge with a full-service bar, commercial kitchen and dining area, outbuildings, staff quarters, and on-site amenities like a private dock and watercraft for guests. Known for its intimate atmosphere, warm hospitality, and connection to nature, Elk Lake has become a sought-after destination for families, fly-fishermen, wedding parties, and retreat groups looking to unplug and recharge. That said, the possibilities go well beyond the current business model. With its remote location, strong infrastructure, and access to thousands of acres of public land, this property could easily be transformed into a basecamp for hunting outfitters, a seasonal retreat center, or a private hospitality venture. Whether you want to continue its decades-long tradition of summer lodging and dining, or reimagine it as a destination for sportsmen and backcountry adventure, the foundation is already in place. This is more than a business—it's a lifestyle. A place where days are defined by sunrises over the lake, the sound of elk bugling in the fall, and evenings spent under a sky full of stars. If you've been waiting for the right moment to step into a meaningful, Montana-based venture with history and heart—this is it.
For sale
$1,750,000
5200 Elk Lake Rd, Lima, MT 59739
--beds
--baths
--sqft
SingleFamily
Built in 1937
-- sqft lot
$1,661,000 Zestimate®
$--/sqft
$-- HOA
What's special
- 29 days |
- 689 |
- 36 |
Zillow last checked:
Listed by:
Nick Dodge,
Engel & Völkers Butte
Source: Engel & Volkers,MLS#: 30054834
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Facts & features
Interior
Features
- Has basement: No
Property
Details
- Parcel number: 18005529101014001
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1937
Community & HOA
Location
- Region: Lima
Financial & listing details
- Tax assessed value: $560,710
- Annual tax amount: $4,146
- Date on market: 5/21/2026
- Lease term: Contact For Details
Estimated market value
$1,661,000
$1.58M - $1.74M
$1,363/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Listed for sale | $1,750,000-12.5% |
Source: | ||
| 8/6/2025 | Listing removed | $2,000,000 |
Source: | ||
| 7/30/2025 | Listed for sale | $2,000,000 |
Source: | ||
| 7/23/2025 | Listing removed | $2,000,000 |
Source: | ||
| 7/16/2025 | Listed for sale | $2,000,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,146 +4.3% | $560,710 +8.4% |
| 2024 | $3,976 -5.4% | $517,090 |
| 2023 | $4,203 -2.1% | $517,090 +17.6% |
| 2022 | $4,292 +0.7% | $439,740 |
| 2021 | $4,261 +3.3% | $439,740 +4.4% |
| 2020 | $4,126 -2.3% | $421,340 |
| 2019 | $4,222 +17.8% | $421,340 +18.3% |
| 2018 | $3,583 | $356,150 |
| 2017 | -- | $356,150 +53.2% |
| 2016 | -- | $232,460 |
| 2015 | -- | $232,460 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Climate risks
Neighborhood: 59739
Nearby schools
GreatSchools rating
- NALima SchoolGrades: PK-6Distance: 15.2 mi
- NALima 7-8Grades: 7-8Distance: 15.2 mi
- 3/10Lima High SchoolGrades: 9-12Distance: 15.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Montana
- Beaverhead County
- Lima
- 59739
- 5200 Elk Lake Rd

