
Estimated payment $75,351/month
Highlights
- Horse Facilities
- Waterfront
- Hilly Lot
- Horses Allowed On Property
- Maid or Guest Quarters
- Creek On Lot
About This Home
UNDER CONTRACT!
Elk Meadows Ranch in Lima, Montana epitomizes the beauty, recreation and production for which Montana is known. Of the 6,177+ total acres, 3,081+ acres are deeded and 3,096+ acres consist of State grazing leases. Of the deeded acreage, 1,612+ acres are irrigated by 8 pivots, wheel-line and flood. This ranchs acreage and irrigation allow for a year-round cattle operation, addition to hay base, or purebred operation. In addition, this ranch boasts cutting-edge cattle handling facilities such as a state-of-the-art feedlot and indoor working facilities. The vast acres of rolling hills and lush meadows provide ample space for seasonal elk herds and cattle, making it ideal for both recreational and agricultural pursuits.
CATTLE OPERATION:
As mentioned, this ranch allows for a year-round cattle operation or purebred operation as it boasts state-of-the-art cattle handling facilities and a calving barn. The ranch is also equipped with a range of outdoor livestock handling equipment such as loading chute, portable steel corrals, horse corrals, and fully lit working pens and feedlot. Automatic waterers and windbreaks are placed throughout.
Subject to agency approval, this ranch sells with 3,096.05+ acres of State grazing lease, providing an additional 547 AUMs. Annual lease cost for 2023 totaled $5,638.76. The abundance of stock water located in every pasture and a newer pipeline system exists on native grazing and State lease ground, making this ranch the ideal setup for rotational grazing.
WATER RIGHTS & IRRIGATION:
Ample water from shares in the Lima Dam Reservoir, Big Sheep Creek, and other tributaries that bisect the ranch allow the operator to cultivate a significant portion of the land, ideal for ensuring consistent and plentiful supply of water to the ranchs crops. The presence of 8 pivots collectively cover 852+ acres while 45+ acres are under wheel-line, and approximately 715+ acres are flood irrigated.
OTHER IMPROVEMENTS:
Elk Meadows Ranch is complete with an executive owners home and 4 other homes for employees and guests, all in decent repair. Compound perimeters are fenced with a combination of steel pipe and jackleg fencing. A nostalgic barn with new roof and mature cottonwood trees give the ranch a rustic charm and welcoming feel.
Equipment barns exist for farm equipment storage and metal shop buildings provide versatile and functional space for maintenance and repair work on ranch machinery and equipment.
WILDLIFE & RECREATION:
Situated in the heart of Southwest Montana, this ranch is bordered by thousands of acres of State and Forest Service land. Outdoor enthusiasts can delight in hiking, horseback riding, fishing, and hunting, all within the privacy of their own property.
3,200+ feet of frontage along the trout-filled Big Sheep Creek is paradise for nature enthusiasts and anglers alike. Beyond fishing, the ranch is located in the MT General 303 Hunting District. Hundreds of elk seasonally roam throughout the ranch, providing excellent opportunity for those seeking to harvest large bull elk.
Please contact Chance Bernall of Beaverhead Home & Ranch Real Estate at 406.925.1988 or Ryan Bramlette of Fay Ranches at 406.580.9569 to schedule a showing. This is a co-listing, and an agent from either Fay Ranches or Beaverhead Home & Ranch Real Estate must be present at all showings, unless otherwise arranged.

Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,152
Year Built
- 2016
Lot Details
- Waterfront
- Fishing include trout
- Cross Fenced
- Split Rail Fence
- Wrought Iron Fence
- Wood Fence
- Barbed Wire
- Perimeter Fence
- Pipe Fencing
- Sprinkler System
- Hilly Lot
- Few Trees
- Current uses include agriculture, equine, feed lot, grazing, hunting/fishing, residential multi-family, livestock, irrigation
- Potential uses include agriculture, equine, feed lot, grazing, hunting/fishing, residential multi-family, residential single
Parking
- Detached Garage
Home Design
- Ranch Style House
- Siding
Flooring
- Vinyl Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Maid or Guest Quarters
- 2 Full Bathrooms
Outdoor Features
- Creek On Lot
- Wildlife includes elk, mule deer, ducks
- Covered patio or porch
- Shop
Farming
- Electricity in Barn
- Equipment Barn
- Loafing Shed
- Loading Chute
- Pasture
- Cattle
- Cattle or Livestock Pen
- Fenced For Cattle
- Fenced For Horses
Horse Facilities and Amenities
- Horses Allowed On Property
- Corral
Utilities
- Propane
- Well
- Septic Tank
Community Details
- Horse Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $4,152 | $658,891 | $0 | $0 |
2023 | $4,363 | $658,891 | $0 | $0 |
2022 | $3,803 | $464,541 | $0 | $0 |
2021 | $3,700 | $464,541 | $0 | $0 |
2020 | $3,742 | $452,702 | $0 | $0 |
2019 | $3,755 | $452,702 | $0 | $0 |
2018 | $3,345 | $407,198 | $0 | $0 |
2017 | -- | $279,938 | $0 | $0 |
2016 | $2,143 | $260,422 | $0 | $0 |
2015 | -- | $260,422 | $0 | $0 |
2014 | -- | $129,381 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
03/31/2025 03/31/25 | Pending | -- | -- | -- |
01/21/2025 01/21/25 | For Sale | $13,400,000 | 0.0% | $4,702 / Sq Ft |
01/10/2025 01/10/25 | Pending | -- | -- | -- |
08/07/2023 08/07/23 | For Sale | $13,400,000 | -- | $4,702 / Sq Ft |