Skip main navigation
Lot/land
  • Price cut: $392K (7/3)
    $3,003,000

    Penwell Brg, Belgrade, MT 59714

    --beds
    --baths
    150.15Acres
    Unimproved Land, Farm
    Built in ----
    150.15 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    This 150 acre farm is a truly spectacular rural getaway, while being close to important destinations... - 5 miles to the Bozeman Yellowstone International Airport in Belgrade - 12 miles to downtown Bozeman - 26 miles to Bridger Bowl Ski Resort - 51 miles to Big Sky Resort. - 90 miles to Yellowstone National Park Paved road all the way to the entrance of the farm off Penwell Bridge Road. The farm borders the East Gallatin River on the East side and is strategically farmed for the enhancement of wildlife management. It is planted in both alfalfa hay and sorghum to create excellent pheasant, quail, grouse, turkey, duck, geese and whitetail habitat. It lies within the "Restricted Weapons" Hunting District 309 which allows for hunting with a bow, crossbow, shotgun and handgun. Check out all the game pictures. These could be your kids and grandkids next year. This 150 acre property allows for build opportunities anywhere on the 150 acres except for roughly 17 acres of wetlands on the South West corner. Permitted uses include agricultural activities, livestock and planting, right to restore, enhance and develop water resources, including ponds. Water Rights General Abstract has a priority date of May 31, 1890 for 2.5 CFS groundwater diversion for sprinkler and flood irrigation. Current right to build a single family residence with an associated garage and storage shed, roads to structures, plus other non-residential structures such as barns, stables, corrals, grain silos, hay and feed storage buildings, fencing, duck blinds, warming huts and ponds. There is roughly $45K in farm revenue from hay sales so this would make a great 1031 exchange property. See Associated Documents for Property Profile, General Abstract for Water Rights, Conservation Easement. Be sure to check out the video tour link on this listing.
    38 days
    |
    213
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Randy Ungersma 406-551-5175,

    McCaw, DeVries, Steinhauer & Co.

    Source: Big Sky Country MLS,MLS#: 412541Originating MLS: Big Sky Country MLS

      Facts & features

      Interior

      Interior area
      • Finished area above ground: 0
      Video & virtual tour

      Property

      Features
      • Fencing: Partial
      • Has view: Yes
      • View description: Farmland, Meadow, Mountain(s), Rural, River, Creek/Stream, Trees/Woods
      • Has water view: Yes
      • Water view: River,Creek/Stream
      Lot
      • Size: 150.15 Acres
      • Features: Acreage, Farm, Level
      • Topography: Level
      Details
      • Parcel number: REG81666
      • Zoning description: AR
      • Special conditions: None

      Utilities & green energy

      • Utilities for property: None

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Belgrade

      Financial & listing details

      • Annual tax amount: $627
      • Date on market: 6/24/2026
      • Cumulative days on market: 223 days
      • Listing terms: Cash,1031 Exchange
      • Ownership: Full
      • Lease term: 12 Months
      • Total actual rent: 45000
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/3/2026Price change$3,003,000-11.5%
        Source: Big Sky Country MLS #412541 Report a problem
        6/12/2026Listed for sale$3,395,000-30.6%
        Source: Big Sky Country MLS #412184 Report a problem
        4/27/2024Listing removed--
        Source: Big Sky Country MLS #370980 Report a problem
        6/28/2023Price change$4,895,000-7.6%
        Source: Big Sky Country MLS #370980 Report a problem
        8/2/2022Price change$5,300,000-10.2%
        Source: Big Sky Country MLS #370980 Report a problem
        5/5/2022Listed for sale$5,900,000
        Source: Big Sky Country MLS #370980 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        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: 59714

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes