Just over 2,700 acres of dryland pasture, riparian corridor, and juniper-covered hillside, sloping down to fourteen hundred feet of unbroken lake frontage.
Lost Heart Ranch occupies one of the last large-scale, lake-fronting holdings in Montana's Madison Valley. The property carries panoramic views in every direction — Lone Peak rising to the east, the Centennial Mountains anchoring the southern horizon, and the rugged Tobacco Root Range standing watch to the west.
The offering is structured as three distinct components: the working ranch itself, the Lake Shore Equestrian Estate, and the Lake Shore Lodge — a configuration that supports year-round ranching, recreation, and meaningful income generation, all within minutes of Ennis and under an hour from Bozeman.
The ranch is subdivided into 45 legal parcels, making it a strong candidate for conservation easement, thoughtful development, multi-generational ownership, or strategic investment. All water and mineral rights owned by the seller convey at closing.
A working ranch with residential, livestock, and infrastructure in place. 2,500± SF main residence (4BD/3BA), a 2,400± SF equipment shop with attached two-bedroom residence, and a 3,100± SF livestock barn. Subdivided into 45 legal parcels.
A turnkey 23.18-acre equestrian facility on the lake. Anchored by a 6,344± SF luxury home with pool and direct lake frontage. A complete and refined property — ready for immediate use, exceptional in scale.
A fully operational commercial component. 42 full-service RV sites (50-amp), three dry cabins, three four-season rental cabins, marina with ten docks and seawall, office, store, and bathhouse. Income-generating with significant expansion potential.
The Madison Valley is ringed by more than three million acres of public land — endless trail, wildlife, and country left wild. Ennis itself blends working-town western character with modern restaurants, shops, and services, all within easy reach of Bozeman.
The Madison River — widely regarded as the capital of fly fishing in Montana — runs the length of the valley, while Big Sky Resort and the north entrance of Yellowstone sit just up the road. The valley remains one of the few places where the working west still feels lived-in rather than performed.
Originally hailing from the East Coast, Jeremy was drawn to the mountains of Montana over twenty years ago and has spent the past two decades uncovering the secrets of Big Sky Country. His deep passion for the outdoors began with years of skiing, racing, and coaching in the Big Sky community and beyond, cultivating a lifelong appreciation for mountain living.
Before transitioning into real estate brokerage full-time, Jeremy built a successful career as a general contractor, developer, and commercial business owner in Bozeman. This hands-on experience gives him a unique perspective on construction, design, and the local real estate market.
Deeply connected to both the land and the people who make up the Big Sky community, Jeremy offers clients unmatched local insight and a genuine enthusiasm for helping others find their place in Montana's mountains.
Working alongside Jeremy at The Big Sky Real Estate Co., Luke partners on listings throughout the Madison Valley and Big Sky region — bringing additional depth, responsiveness, and dedicated client service to every transaction.
Strategic consulting for extraordinary properties — acquisition, development, and stewardship across the Mountain West.
A 17-homesite legacy ranch community on the Teton River in Driggs, Idaho.
Detailed offering memorandums, water and mineral rights documentation, and private tours are available to qualified parties.
Showings by appointment only. All inquiries are handled with discretion.