SOLD: Crazy Elk Ranch | Fay Ranches

CR AZ Y ELK R ANC H Belgrade, Montana $28,000,000 | 3,731± Acres

INTRODUCTION Just 29± miles north of Bozeman, the 3,731± acre Crazy Elk Ranch is nestled atop the Horseshoe Hills in a private mixed and mature Douglas fir forest with views stretching as far as the eye can see of Bozeman’s picturesque Gallatin Valley, the snowcapped Bridger Mountains, and the Missouri River Valley from Three Forks all the way to Canyon Ferry Lake. Crazy Elk Ranch features a stunning 9,690± SF eight-bedroom, nine-bathroom dream home designed by Locati Architects and built by Schlauch Bottcher Construction.

The main home is situated at 6,300’ elevation, allowing for magnificent panoramic views from sunup to sundown. Enjoy a cup of coffee on the deck while watching the sunrise and wildlife come alive or a glass of wine in the in-ground hot tub as the sun slips below the mountains. This escape includes a rustic yet elegant 2,563± SF three-bedroom, three-bathroom guest home, perfectly sized barn for toys and gear, a cozy hunting cabin, and a modest ranch manager’s home. The striking improvements are only bested by the thousands of deeded acres to recreate on, already divided into 21 parcels. Located close to Bozeman’s international airport, Crazy Elk Ranch is offered turnkey and is move-in ready for the next owner to begin their Montana adventure.

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Crazy Elk Ranch | Belgrade, Montana

ACREAGE AND OPERATION This extremely private 3,731± acre ranch lies at the very top of the Horseshoe Hills and borders 640± acres of state land. The property climbs from Menard Road through native rangeland, a series of benches, open meadowed parks, and timbered slopes to an alpine setting where the main home sits on a knoll nestled atop the mountain. Elevation ranges from approximately 5,300 to 6,600 feet.

A portion of Crazy Elk Ranch is currently being leased to a neighbor who runs approximately 200 cow/calf pairs on the property. This number could be increased if resources were committed to water development and perimeter/cross fencing to improve the quantity and quality of grazing areas. Timber was last harvested in 2008, at which time 1.5± million board feet with 25’ spacing was pulled, providing a pristine and clear forest around the compound.

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Crazy Elk Ranch | Belgrade, Montana

IMPROVEMENTS “Crazy Elk Ranch, which overlooks the entirety of the picturesque Gallatin Valley, showcases the best of what Montana has to offer. Starting with the ranch buildings comprising native Montana construction techniques and materials to sweeping views of Big Sky Country, this ranch embodies the true spirit of the west. Locally sourced, hand-peeled Montana timber was crafted into log walls in both the 9,690± SF main residence and the 2,563± SF guest home. Working with a logging company located near the main ranch entrance, Schlauch Bottcher Construction built this Locati Architects-designed project in 2002. Along with the native timber crafted logs, local Montana river rock and Chief Cliff stone are showcased throughout the property. Copper windows with solid vertical grain fir wood accents frame each of the property’s stunning views. Natural stone tiles line the walls in each of the homes’ numerous bathrooms.”

-Kyle Tage, Partner/AIA, Locati Architects & Interiors

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main home The 9,690± SF main home sleeps 24 family and friends, with eight bedrooms, seven full bathrooms, and two half bathrooms. Find local Montana river rock and custom Chief Cliff stone from northwest Montana throughout the interior and exterior of the home. Floor-to-ceiling copper windows with solid vertical grain natural fir accents illuminate and beautifully balance the living area, offering sweeping views while inviting nature and light inside.

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Crazy Elk Ranch | Belgrade, Montana

The main level accommodations include a phenomenal great room, expansive recreation room, dining area, two en-suite guest bedrooms, mudroom, laundry room, and a dramatic private master suite wing which includes a private office, sitting area, gas fireplace, private covered balcony, large walk-in closet, and zenlike bathroom. The main living area boasts a floor-to-ceiling stone wood-burning fireplace, as does the recreation room, family room, and outdoor west porch, all constructed with multi-ton single block hearths.

All common rooms offer unobstructed views of nature in every direction.

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Elegantly styled and outfitted for culinary pursuits, the fully equipped chef’s kitchen includes an oversized island, professional-grade appliances, Uba Tuba granite countertops, and a large walk-in pantry.

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Crazy Elk Ranch | Belgrade, Montana

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Three bedrooms and two full baths round out the second floor. Two of these bedrooms open to private balconies, allowing fresh mountain air in while providing beautiful views of up to nine mountain ranges.

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Crazy Elk Ranch | Belgrade, Montana

The full walk-out basement incorporates a large wood-burning Chief Cliff stone fireplace, a recreation room with a pool table, an exercise room, two bunk rooms with six built-in bunks in each room, and two full bathrooms. Relax in one of the nine custom chairs with dual cup holders in the media room.

The beautiful, dimensionally stable wood interior floors, doors, and cabinets, as well as exterior wood decking, was milled from train cars of old railroad trestle bridges. The entire home includes in-floor radiant heat powered by a commercial boiler while all bathroom floors, walls, and countertops were constructed using the premium, natural stone, Travertine. Listen to your favorite music throughout the home with a built-in Sonos system, Sonance digital amplifiers, and Bowers & Wilkins speakers. www.fayranches.com | (800) 238.8616 | info@fayranches.com 11

Additional amenities include a resort-style in-ground hot tub with lounge area, a fabulous outdoor barbeque and large entertainment zone, and an attached three-car heated garage.

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Crazy Elk Ranch | Belgrade, Montana

guest home Located a short distance from the main home, the three-level private guest home does not disappoint, with 2,563± SF of living space, a floor-to-ceiling Montana river rock wood burning fireplace, three bedrooms, three bathrooms, a large recreation room with four built-in bunk beds, and in-floor radiant heat. A wraparound porch surrounded by mature trees with not another light or home in sight allows guests to take in all that mother nature has to offer.

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Crazy Elk Ranch | Belgrade, Montana

ranch manager’s home Close to the entrance of the ranch, the comfortable ranch manager’s home includes 1,520± SF of living space, three bedrooms, and two bathrooms. Take in views from the ranch manager’s home of the Bridger Mountains and Gallatin Valley.

barn Storing recreational toys and gear was never easier than in this spacious and rustic log toy barn! www.fayranches.com | (800) 238.8616 | info@fayranches.com

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SPORTING ATTRIBUTES hunting, wildlife and other recreation The big game hunting on Crazy Elk Ranch is incredible due to tremendous habitat, privacy, and a lack of public hunting in the area. If you are looking for a ranch where the hunting is the way it used to be, you have found it. Not hearing or seeing another hunter is what hunting dreams are made of. The ranch provides tremendous opportunities to pursue the bull elk of your dreams, as well as antelope, mountain lion, bear, white-tailed deer, and mule deer. The current owner leases the big game hunting to a local outfitter. For the upland bird enthusiast, there are several coveys of Hungarian partridge, as well as a very good population of resident grouse. For those who enjoy a morning ride astride their favorite horse, mountain bike, E-bike, snowmobile, cross country skis, snowshoes, or a fun hike with friends and family, there are miles of wonderful trails that will take you throughout the acreage on very well-maintained logging roads.

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Crazy Elk Ranch | Belgrade, Montana

fly fishing Crazy Elk Ranch is centrally located close to a variety of recreational pursuits. The closest fishing access is on the East Gallatin River, about 11 miles from the ranch. In addition to the Gallatin River, the Madison, Jefferson, Missouri and Yellowstone Rivers are located within an hour and a half from the property. These legendary rivers are arguably the most famous fly fishing rivers in the world due to their scenic beauty and incredible numbers and size of wild trout. The Madison, Yellowstone, Missouri, and Gallatin Rivers are known for their dry fly fishing. From blue-winged olives and midges in the spring, the salmon fly hatch in June, mayflies, caddis, hoppers, and terrestrials in the summer and back to blue-winged olives and midges in the fall and winter, the time is always right for fishing this area. Throw in some of the best streamer fishing in the state, as well as great nymph fishing throughout the year, and you have a variety of rivers that can provide a lifetime of entertainment for beginners as well as seasoned veterans. Fish in these rivers can exceed 24”.

Other rivers within an hour and a half to two and a half hours from the property that offer world-class trout fishing are the Ruby, Big Hole, and the Beaverhead. Several internationally famed “fee” spring creek fisheries are also close at hand. An hour and a half or so over the hill in the Paradise Valley along the Yellowstone River, Depuy, Armstrong, and Nelson Spring Creeks attract avid anglers from around the globe.

Fishing conditions on these creeks are consistently wonderful, even through winter. These spring creeks are natural wonders emerging from the ground with a large volume of nutrient-rich water providing for an enormous amount of aquatic life, including an abundance of wild trout. Additionally, there are several tributaries, spring creeks, and mountain lakes in the area that will become known to you as you explore your surroundings. Of course, at times, the lure of traveling further may beckon a curious angler. Two and a half to three hours of travel time will put you in the Henry’s Fork watershed in Idaho or well into the center of Yellowstone National Park. Yellowstone National Park is the birthplace of many of the finest trout rivers in the West. Headwater streams like the Gibbon, Firehole, and Lamar create rivers such as the Madison and Gallatin within its boundaries. The park hosts a lifetime of fishing opportunities with over a hundred lakes and a thousand miles of streams. Nowhere in the world are so many public rivers and streams found within such a small area.

Gallatin River; source: www.montanatroutonthefly.com

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Big Sky Resort; source: bigskyresort.com Big Sky Resort; source: blog.bigskyresort.com

Bridger Bowl Ski Area; source: snowmagazine.com

skiing and snowboarding Bridger Bowl Ski Area is a tremendous asset to the Bozeman community and only 17± miles from town.

Considered “Bozeman’s own resort,” Bridger Bowl offers an intimate atmosphere where tickets are affordable, lift lines are short, and the skiing is fantastic. A total of eight lifts service 2,000 skiable acres with a 2,600-foot vertical drop. Three lodges give skiers plenty of room to warm up and refuel. Jim Bridger Lodge and Saddle Peak Lodge are located at the base area, and Deer Park Chalet and Alpine Cabin are located at mid-mountain. Learn more about skiing Bridger Bowl at http: www.bridgerbowl.com.

Big Sky Resort, located 45± miles from Bozeman, is an international destination for skiers, snowboarders, and summer vacationers alike. In the winter, Big Sky offers 3,812 acres of terrain scattered over three mountains. If that is not enough, neighboring Moonlight Basin adds an additional 1,900 acres for a total of 5,512± acres of fresh powder and long, winding groomed trails. Summer is just the right time to enjoy a round of golf, fly fish the Gallatin River, or explore miles of National Forest by foot or horseback. Just south of Big Sky is the renowned Yellowstone Club. The world’s only private ski and golf resort offers a quiet retreat for its members.

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Crazy Elk Ranch | Belgrade, Montana

LOCATION Peaceful, private, quiet, and surrounded by magnificent Montana scenery, Crazy Elk Ranch is a world away at the end of a highly discreet road, yet the vibrant university town of Bozeman is only 29± miles south, and Bozeman-Yellowstone International Airport is a convenient 19± miles south. The ranch is located in Gallatin County and is accessible year-round via an all-weather graveled road from Dry Creek Road less than five miles away. Other necessary amenities are just a short drive away in the towns of Belgrade, Three Forks, and Manhattan, where the wood floors in the local grocery stores creak beneath your feet and folks greet you by name.

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bozeman The vibrant western town of Bozeman (population 49,000±) is home to Montana State University and the Museum of the Rockies. In recent years, Bozeman has received national accolades for its scenic location, limitless outdoor activities, and historic downtown. Bozeman cafes, restaurants, and boutiques have become favorite places for those who love nature—whether fishing, hunting, skiing, mountain biking, or hiking.

Bozeman; source: https://www.marriott.com/

yellowstone national park Head less than 2± hours southeast from the property to the north entrance of Yellowstone National Park.

The Park allows access to many more fishing opportunities. Buffalo, elk, bighorn sheep, mule and whitetailed deer, coyotes, wolves, pronghorn antelope, bald and golden eagles, moose, mountain goats, black and grizzly bears, and an array of less obvious but no less remarkable animals find suitable range and habitat in the Park. The great variety and populations of rare and endangered wildlife species speaks to the wildness and unspoiled nature of this amazing place.

Yellowstone National Park source: koa.com

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Crazy Elk Ranch | Belgrade, Montana

GETTING THERE Crazy Elk Ranch is only 19± miles from Bozeman/ Yellowstone International Airport, the busiest airport in Montana. The airport is served by Alaska, Allegiant, American, Frontier, Jet Blue, Delta, Sun Country, and United Airlines, with direct flights to and from Boston, Denver, Detroit, Salt Lake City, New York City, Newark, Chicago, Long Beach, Los Angeles, Nashville, San Francisco, Seattle, Philadelphia, Portland, Phoenix, Atlanta, Houston, Dallas, Minneapolis, and Las Vegas (www.bozemanairport.com). Because of the ease of transportation and proximity to such a diverse and spectacular mix of natural resources, Bozeman is the launching pad for many unique destinations. www.fayranches.com | (800) 238.8616 | info@fayranches.com

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CONSERVATION/STEWARDSHIP Crazy Elk Ranch is not currently held in a conservation easement. The acreage is already divided into 21 parcels. To the east and south, the property is contiguous to roughly 11,000 acres held in conservation easement.

Each agent and staff member at Fay Ranches has a love of the land and a desire to see that it remain as productive agricultural ground as well as high quality fish and wildlife habitat. Through promoting the use of thoughtful land stewardship, Fay Ranches has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitat, and implementing sustainable agricultural operations. Fay Ranches is proud to say that since our work began in 1992, the landscape on which we work has been significantly enhanced by the conservation ethic and land use practices of our clients.

MINERAL RIGHTS All mineral rights appurtenant to the property and owned by the Seller will convey to the Buyer at closing.

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Crazy Elk Ranch | Belgrade, Montana

QUICK FACTS • 3,731± deeded acres divided into 21 parcels and easily accessed by a private 2.3± mile gravel driveway • 9,690± SF eight-bed, seven full bath, and two half bath Locati Architects-designed main home • 2,563± SF three-bed, three-bath guest home • 1,520± SF three-bed, two-bath ranch manager’s home • Cozy hunting cabin • Large log barn for storing toys • 1,500± acres of timber cut with 25± foot spacing between trees • Excellent trophy elk and deer hunting, along with endless wildlife viewing opportunities • Views of the Gallatin Valley, the Bridger Range, Three Forks, the Madison and Missouri Rivers, and Canyon Ferry Lake • 11± miles north of Manhattan • 29± miles from Three Forks and Bozeman • 19± miles north of Belgrade and the Bozeman Yellowstone International Airport • Incredible skiing and snowboarding nearby at Bridger Bowl Ski Area and Big Sky Resort

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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SUMMARY Crazy Elk Ranch is a one-of-a-kind timeless legacy property comprised of 3,731± secluded and wooded acres located just 29± miles from downtown Bozeman, Montana. Ultimate privacy and convenience, an expansive ranch compound, and endless acres to recreate on help check all the boxes. Trails for snowmobiling, cross country skiing, horseback riding, hiking, and biking run throughout the property, and the diverse acreage acts as a home to elk, deer, and every animal known to Montana. If it is year-round outdoor adventure you are looking for or just a gorgeous private area to retreat to, the location is unbeatable, with world-class skiing, snowboarding, and fishing close by.

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Crazy Elk Ranch | Belgrade, Montana

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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PRICE $28,000,000

TERMS Cash, Conventional Financing, 1031 Tax Exchange

NOTICE Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.

CONTACT Please call Branif Scott at 406-579-9599 to schedule a showing. This is an exclusive listing. An agent from Fay Ranches must be present at all showings, unless otherwise noted or other arrangements are made. To view other fly fishing properties and sporting ranches that we have listed, please visit our web page at www. fayranches.com.

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Crazy Elk Ranch | Belgrade, Montana

RELATIONSHIPS IN REAL ESTATE As required by Montana law, a broker or salesperson shall disclose the existence and nature of relevant agency or other relationships to the parties to a real estate transaction. The various relationships and description of duties are as follows: 1. SELLER AGENT A “Seller Agent” is obligated to the Seller to: • Act solely in the best interests of the seller; • Obey promptly and efficiently all lawful instructions of the seller; • Disclose all relevant and material information that concerns the real estate transaction and that is known to the seller agent and not known or discoverable by the seller unless the information is subject to confidentiality arising from a prior or existing agency relationship on the part of the seller agent; • Safeguard the seller’s confidences; • Exercise reasonable care, skill, and diligence in pursuing the seller’s objectives and in complying with the terms established in the listing agreement; • Fully account to the seller for any funds or property of the seller that comes into the seller agent’s possession; and • Comply with all applicable federal and state laws, rules, and regulations.

• Montana law permits a real estate agent, after providing written disclosure to a seller and obtaining a seller’s written consent, to represent multiple sellers of property and to list properties for sale that may compete with the seller’s property, without breaching any obligation to the seller.

A “Seller Agent” is obligated to the Buyer to: • Disclose to a buyer or the buyer agent any adverse material facts that concern the property and that are known to the seller agent, except that the seller agent is not required to inspect the property or verify any statements made by the seller; • Disclose to a buyer or the buyer agent when the seller agent has no personal knowledge of the veracityof information regarding adverse material facts that concern the property; • Act in good faith with a buyer and a buyer agent; and • Comply with all applicable federal and state laws, rules, and regulations.

BUYER AGENT A “Buyer Agent” is obligated to the Buyer to: • Act solely in the best interests of the buyer; • Obey promptly and efficiently all lawful instructions of the buyer; • Disclose all relevant and material information that concerns the real estate transaction and that is known to the buyer agent and not known or discoverable by the buyer, unless the information is subject to confidentiality arising from a prior or existing agency relationship on the part of the buyer agent; • Safeguard the buyer’s confidences; • Exercise reasonable care, skill, and diligence in pursuing the buyer’s objectives and in complying with the terms established in the listing agreement; • Fully account to the buyer for any funds or property of the buyer that comes into the buyer agent’s possession; and • Comply with all applicable federal and state laws, rules and regulations.

Montana law permits a real estate agent, after providing written disclosure to a buyer and obtaining a buyer’s written consent, to represent multiple buyers interested in buying the same property or similar properties to properties in which a buyer is interested and to show properties in which a buyer is interested to other prospective buyers, without breaching any obligation to the buyer.

2. BUYER AGENT (cont) A “Buyer Agent” is obligated to the Seller to: • Disclose any adverse material facts that are known to the buyer agent and that concern the ability of the buyer to perform on any purchase offer; • Disclose to the seller or the seller agent when the buyer agent has no personal knowledge of the veracity of information regarding adverse material facts that concern the property; • Act in good faith with a seller and a seller agent; and • Comply with all applicable federal and state laws, rules and regulations.

3. DUAL AGENCY If a seller agent is also representing a buyer, or a buyer agent is also representing a seller with regard to a property, then a dual agency relationship may be established. In a dual agency relationship, the dual agent is equally obligated to both the seller and the buyer. These obligations may prohibit the dual agent from advocating exclusively on behalf of the seller or buyer and may limit the depth and degree of representation that you receive. A broker or a salesperson may not act as a dual agent without the signed, written consent of both the seller and the buyer.

A “Dual Agent” is obligated to a Seller in the same manner as a seller agent and is obligated to a Buyer in the same manner as a buyer agent, except a dual agent: • Has a duty to disclose to a buyer or seller any adverse material facts that are known to the dual agent regardless of any confidentiality considerations; and • May not disclose the following information without the written consent of the person to whom the information is confidential; • The fact that the buyer is willing to pay more than the offered purchase price; • The fact that the seller is willing to accept less than the purchase price that the seller is asking for the property; • Factors motivating either party to buy or sell; and • Any information that a party indicates in writing to the dual agent is to be kept confidential.

4. STATUTORY BROKER A “Statutory Broker” is not the agent of the Buyer or Seller but nevertheless is obligated to them to: • Disclose to: i. a buyer or buyer agent any adverse material facts that concern the property and that are known to the statutory broker, except that the statutory broker is not required to inspect the property or verify any statements made by the seller; and • ii. a seller or a seller agent any adverse material facts that are known to the statutory broker and that concern the ability of the buyer to perform on any purchase offer; • Exercise reasonable care, skill, and diligence in putting together a real estate transaction, and • Comply with all applicable federal and state laws, rules and regulations.

5. IN-HOUSE SELLER AGENT DESIGNATE Created when the agency holds both the listing on a property from the seller and a buyer broker agreement with the buyer, an in-house seller agent designate is a broker or salesperson employed by or associated as an independent contractor with a broker and designated by the broker as the exclusive agent for a seller for a designated transaction and who may not be considered to be acting for other than the seller with respect to the designated transaction.

6. IN-HOUSE BUYER AGENT DESIGNATE Created when the agency holds both the listing on a property from the seller and a buyer broker agreement with the buyer, an in-house buyer agent designate is a broker or salesperson employed by or associated as an independent contractor with a broker and designated by the broker as the exclusive agent for a buyer for a designated transaction and who may not be considered to be acting for other than the buyer with respect to the designated transaction.

BRANIF SCOTT Broker Associate Licensed in: MT, WY o. 406-586-4001 | c. 406-579-9599 bscott@fayranches.com

FAY RANCHES INC. (800) 238.8616 info@fayranches.com www.fayranches.com