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For sale
  • $1,750,000

    5200 Elk Lake Rd, Lima, MT 59739

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    --baths
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    SingleFamily
    Built in 1937
    -- sqft lot
    $1,661,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    29 days
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    689
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    36
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    Zillow last checked:

    Listed by:

    Nick Dodge,

    Engel & Völkers Butte

    Source: Engel & Volkers,MLS#: 30054834MLS Logo

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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
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        Estimated market value

        $1,661,000

        $1.58M - $1.74M

        $1,363/mo

        Price history

        DateEventPrice
        5/21/2026Listed for sale$1,750,000-12.5%
        Source: Engel & Volkers #30054834 Report a problem
        8/6/2025Listing removed$2,000,000
        Source: Engel & Volkers #30054834 Report a problem
        7/30/2025Listed for sale$2,000,000
        Source: Engel & Volkers #30054834 Report a problem
        7/23/2025Listing removed$2,000,000
        Source: Engel & Volkers #403116 Report a problem
        7/16/2025Listed for sale$2,000,000
        Source: Engel & Volkers #403116 Report a problem

        Public tax history

        YearProperty taxesTax 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

          Payment breakdown

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          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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          Climate risks

          Neighborhood: 59739

          Getting around

          0 / 100
          Car-Dependent
          25 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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