855.375.4001
Listing Courtesy of: Chris Murphy - Benchmark Real Estate Brokers 406-580-5624
$23,500,000 affordable loan icon Calculate Payment

Lost Heart Ranch Ennis Lake Rd McAllister, MT 59740

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Single Family Residence
4 Beds
4 Baths
... Bed/Bath
13,842 Sq. Ft.

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Last updated on 2/10/2026 11:42 AM
Located on the north shore of Ennis Lake in McAllister, Montana, this legacy property presents a rare opportunity to acquire just over 2,700+/- acres in one of Montana’s most desirable valleys. The offering combines lake frontage, agricultural production, equestrian infrastructure, conservation or d...evelopment potential, and a fully operational commercial component. Showing by appointment only. A working ranch with residential, livestock, and infrastructure elements in place, Lost Heart Ranch anchors the entire offering. It is subdivided into 45 legal parcels, making if a great candidate for a conservation easement, possible development, and generational use. Includes 2,500± SF 4BD/3BA main residence (1994), 2,400± SF equipment shop with attached 2BD/1BA residence (2004), 3,100± SF livestock barn, and 1400± feet of lake frontage. A rare, turnkey 23.18 acre equestrian facility located on the lake, this component of the offering includes a 6,344+/- SF luxury home with a pool, lake frontage, and full horse infrastructure. The commercial asset of this property, Lake Shore Lodge offers a strong base for hospitality, storage, and lakefront access with expansion potential. Features 42 full-service RV sites (50 amp), office/store and bathhouse with laundry, 3 dry cabins and 3 additional 4 season rental cabins, room for employee housing, marina with 10 docks and seawall. 2 drain fields and 7 holding tanks with room for expansion. Excellent potential for income generation or private estate repurposing. With panoramic views in every direction—Lone Peak to the east, the Centennial Mountains to the south, and the rugged Tobacco Root Mountains to the west—the property features diverse topography including productive pasture, riparian corridors, and juniper-covered hillsides. Comprising three primary components—Lost Heart Ranch, Lake Shore Equestrian Estate, and Lake Shore Lodge—this property supports year-round ranching, recreation, and income generation, all just minutes from Ennis and under an hour to Bozeman. Continue reading
MLS#
404797
Property Type
Single Family
Bedrooms
4
Bathrooms
4 Full
Year Built
1972
Square Feet
13,842 sq. ft
Lot Size
2725.16

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Listing Courtesy of: Chris Murphy - Benchmark Real Estate Brokers 406-580-5624
Andrea D. Conner, License  RRE-BRO-LIC-62943, Xome Inc., License RRE-BRO-LIC-62943, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


Information provided by Big Sky Country Multiple Listing Service, Inc. (BSC MLS) is compiled from miscellaneous sources. Neither BSC MLS, listing brokers, agents or subagents are responsible for its accuracy. Prior to submitting an offer to purchase property, all information about the property should be independently verified by the purchaser. Copyright 2026, Big Sky Country Multiple Listing Service, Inc., all right reserved.
This content last refreshed on 2/10/2026 11:42 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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