$995,000
$154K PRICE DROP

73 Murphy Ln Pray, MT 59065

Estimated payment $5,817/month

Total Views 3,496
3 Beds
1 Bath
1,140 Sq Ft
$873 Price per Sq Ft

Highlights

  • Guest House
  • Deck
  • No HOA
  • View of Trees or Woods
  • Lawn
  • Living Room

About This Home

PROPERTY WITH FOUR LIVING UNITS
Welcome to an exceptional offering in the heart of Montana's Paradise Valley, where this 1.2-acre property delivers a rare blend of flexibility, income opportunity, and authentic mountain living. The main residence offers 1,140 square feet of thoughtfully designed space with 3 bedrooms and 1 bathroom/laundry room, providing a warm and comfortable retreat framed by expansive mountain ranges and pristine Montana air. Complementing the primary home are two additional guest residences that elevate this property beyond traditional single-family offerings. The versatile “Shop House” features two private living quarters: an upper-level 672-sq ft suite with 1 bedroom, 1-3/4 bathroom and kitchenette, plus a lower-level 624-sq ft unit with 1 bedroom, 1-3/4 bathroom, a full kitchen and large shop area —both designed for effortless hosting or immediate rental income. A separate 912-sq ft guest house provides a more private 1-bedroom, 1-bathroom retreat, perfect for extended stays, multi-generational living, employee housing, or additional income streams. Uniquely positioned just two mins from one of many nearby Yellowstone River fishing access points, residents enjoy immediate proximity to world-class fly fishing, kayaking, rafting, and paddleboarding, while Emigrant's authentic charm -including the impeccably supplied General Store, Emigrant Outpost, Follow Yer Nose BBQ, and the historic Old Saloon - remain just a few minutes away. Renowned dining and natural hot springs at Sage Lodge and Chico Hot Springs lie within a 10-minute drive, offering resort-quality amenities without the resort crowds. Pass through the historic Roosevelt Arch at Yellowstone National Park's iconic Entrance which is a scenic 30-minute drive to the South, while Livingston's shopping, arts and dining rest 30 minutes to the North. For a wider variety of shopping, dining, cultural and recreational activities Bozeman's comprehensive amenities are a convenient 45 min drive away. Travel is easy with Bozeman International Airport an hour away and Mission Field only 30 mins away. Whether you envision a serene family compound, flexible employee housing, or an income-generating investment opportunity, this property embodies the coveted Paradise Valley lifestyle and the timeless Western charm that defines authentic living in one of Montana's most sought-after locations. Buyer to verify all listing information contained herein, including sq. ft. (taken from MT Cadastral).

Listing Agent

Rick Eisen

Legacy Lands, LLC License #BRO-54692 Listed on: 06/03/2025

Co-Listing Agent

Regina Wood

Legacy Lands, LLC License #RBS-79268

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,865

Year Built

  • Built in 1950

Lot Details

  • 1.2 Acre Lot
  • South Facing Home
  • Landscaped
  • Lawn

Parking

  • Gravel Driveway

Property Views

  • Woods
  • Mountain
  • Valley

Home Design

  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Additional Homes

  • Guest House

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0006523010

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,865

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1950
  • Special Features: None
  • Stories: 1

Interior Features

  • Fireplace Features: Gas
  • Fireplace: Yes
  • Interior Amenities: Fireplace
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Dining Room Type: Dining Room, Full Bath, Kitchen, Laundry, Living Room
  • Appliances: Dryer, Microwave, Range, Washer
  • Above Grade Finished Sq Ft: 1140.0
  • Living Area: 1140.0

Exterior Features

  • Roof: Asphalt
  • View: Mountain(s), Southern Exposure, Valley, Trees/Woods
  • View: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Gravel Driveway, Landscaping
  • Other Structures: Guest House, Shed(s)
  • Patio And Porch Features: Deck
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: No Garage
  • Garage Yn: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Propane
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Septic Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Features: Lawn, Landscaped
  • Lot Size Acres: 1.204
  • Lot Size Sq Ft: 52446.24
  • Parcel #: 0006523010
  • Zoning Description: NONE - None/Unknown

Tax Info

  • Tax Annual Amount: 3865.0
  • Tax Year: 2024

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $995,000 -5.1% $873 / Sq Ft
06/24/2025 06/24/25 Price Changed $1,049,000 -8.7% $920 / Sq Ft
06/03/2025 06/03/25 For Sale $1,149,000 -- $1,008 / Sq Ft
Source: Big Sky Country MLS

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Source: Big Sky Country MLS

MLS Number: 402673

Big Sky Country MLS