Jefferson River Homestead Ranch

Three Forks, Broadwater County, Montana

$29,500,000

2,850± Acres

INTRODUCTION

The Jefferson River Homestead, encompassing 2,850± acres, has proudly been the home of this family for six generations. Its cattle brand, first registered in 1855, etches a rich sense of both history and continuity across this expansive landscape. Notably, Lewis and Clark traversed this property in 1805, a historical significance that invites visitors to pause, reflect, and absorb the serene surroundings.

Settlers first discovered the Three Forks region in the mid-1800s, drawn by the promise of fertile soil and abundant grasslands—a beacon of hope for farmers and ranchers. Yet, the breathtaking beauty of the area truly captivated them. Stunning river, mountain, and valley views dazzled their senses, compelling them to make this remarkable place their home.

Today, the Jefferson River Homestead continues to fulfill those early promises, offering a timeless setting that will inspire the hopes and dreams of new owners. Imagine a picturesque river winding gracefully through a lush valley adorned with fertile soil, sweeping mountain vistas, dramatic coulees, and a diverse population of wildlife including, moose, elk, deer, antelope, and a variety of birds that call this region home. The property is rich with hunting and fishing opportunities, inviting outdoor enthusiasts to immerse themselves in nature.

Additionally, this property presents exciting income potential from a proposed solar project and boasts excellent road access—an often hard-to-find feature in a ranch with such diverse attributes. Just minutes from the charming town of Three Forks and only 30± minutes from the vibrant community of Bozeman, this is truly a “Must See” opportunity for anyone seeking spaciousness, stunning views, and successful ranching endeavors, all while enjoying the conveniences and amenities of a thriving city.

QUICK FACTS

• 2,850± acres featuring over a mile of coveted Jefferson River frontage

• Jefferson, Madison and Gallatin Rivers converge to form the headwaters of the Missouri River

• Abundant wildlife call the ranch and region home including moose, deer, bear, antelope, ducks, geese, and birds of prey

• Beautiful surrounding mountain views of the Bridgers, the Spanish, and the Tobacco Root Mountains

• Fly fishing and float fishing along the ranch

• Pivot irrigation hay meadows and dryland farm ground

• Senior water rights dating back to 1850s

• Grazing land for cattle currently support 200 pairs each season

• Conservation or development opportunity

• Proposed solar project for potential income opportunity

• 30± minutes to Bozeman for dining, shopping and major services including medical, commercial air, and FBO

Jefferson River Homestead Ranch | Three Forks, Montana

ACREAGE

With the backdrop of three of Montana’s most distinct mountain ranges, including the Bridgers, Spanish, and Tobacco Root Mountain Ranges, the Jefferson River Homestead Ranch spans across 2,850± deeded acres of diverse landscape and features over 1 mile of coveted Jefferson River frontage. The ranch includes just over 100 acres of improved hay ground, 700 acres of summer fallow, and 1,500 acres of native range land that supports an active wildlife population and provides excellent grazing for cattle during the spring, summer, and fall months.

5 Jefferson River Homestead Ranch | Three Forks, Montana

SCENIC VISTAS

Jefferson River Homestead Ranch | Three Forks, Montana

IMPROVEMENTS

The ranch features minimal improvements, including a rustic residence, historic log barn, corrals, and feedlot to support livestock operations. There are unlimited locations ideal for a new owner to explore the construction of a full time residence, family compound or vacation cabin.

9 Jefferson River Homestead Ranch | Three Forks, Montana

RECREATION

Southwestern Montana is a haven for outdoor enthusiasts, especially those who enjoy skiing. Near Three Forks, you’ll find excellent ski resorts like Bridger Bowl and Big Sky Resort, both offering a variety of slopes for all skill levels. Bridger Bowl is just a 30-minute drive away and features over 2,000 acres of terrain, while Big Sky Resort, about an hour away, boasts one of the largest ski areas in the United States with more than 5,800 acres of skiable terrain.

In addition to skiing, the region offers beautiful hiking trails that wind through stunning mountains and valleys. Water lovers can also enjoy kayaking, paddleboarding, and rafting on the nearby rivers and lakes. For those seeking relaxation, camping, and picnicking in scenic spots provide a perfect way to immerse yourself in nature.

Whether you’re carving down the slopes or exploring the great outdoors, southwestern Montana offers a wealth of activities set against its breathtaking landscapes.

HUNTING | WILDLIFE

The ranch has had minimal hunting pressure. Moose, mule deer, whitetail deer, pronghorn, bear, grouse, geese, turkeys, and pheasants all inhabit the ranch in Hunting District 390, a general license area.

Photo not taken on property

FISHING

The headwaters for the famed Missouri River begin at the edge of the ranch as the Jefferson, Madison and Gallatin Rivers converge together to form the Missouri River offering tremendous on-site and nearby fishing opportunities. In addition, several other rivers and creeks are within a short striking distance, including the Upper Madison River and Yellowstone River, located approximately 1.5± hours away.

These rivers are celebrated as some of the world’s premier fly fishing destinations, thanks to their historical acclaim from legendary anglers like Joe Brooks, Charles Brooks, and Bud Lilly, as well as their stunning scenery and abundant trout populations. The Madison River, which begins in Yellowstone National Park (about 2.5± hours from the property) at the confluence of the Gibbon and Firehole Rivers, offers a productive fishery along its entire 120-mile length. It merges with the Jefferson and Gallatin Rivers near Three Forks, Montana, to form the Missouri River.

The Missouri River is celebrated in the fly fishing realm and is highlighted in several guidebooks for offering quality angling experiences to rival the very best fly fishing experiences globally. The river resembles a large, flat surface spring creek, differing from the typical riffle-run-pool habitats of other Montana rivers such as Rock Creek and the Gallatin. It supports massive insect hatches and hosts large populations of rainbow and brown trout, frequently surpassing 18 inches and weighing over three pounds.

Consistent fishing opportunities are available year-round, with productive winter seasons and fewer crowds. The streams that converge alongside the ranch to form the Missouri River, all respectable fisheries in their own right, join together to form the river affectionately known as the “Mighty Mo,” offering world-class fishing opportunities on multiple high-quality streams with ease.

Additionally, the area boasts some of the state’s best streamer and nymph fishing, ensuring a lifetime of enjoyment for novice and experienced anglers. Here, it’s not uncommon to encounter fish exceeding 24 inches, making every outing an exciting adventure.

Jefferson River Homestead Ranch | Three Forks, Montana

INCOME OPPORTUNITY

The Jefferson River Homestead Ranch encompasses 2,850± deeded acres along 1.1± miles of the Jefferson River. It features over 100 acres of improved hay ground, 700± acres of summer fallow, and 1,500± acres of native rangeland. Depending on the year, hay production averages around 350 tons annually from the new stand of alfalfa. The ranch benefits from senior water rights dating back to 1855, with an annual rainfall of approximately 13 inches. It can support about 200 head of cattle during the summer and part of the fall or sustain 60-100 pairs year-round.

Preliminary planning is underway on a 550-acre solar farm proposed for the ranch. Once completed, this project will provide clean energy to communities across Montana through a power purchase agreement with Northwestern Energy, creating substantial income opportunities for the ranch owner. Additional details on this proposed solar project are on file with the listing agents and can be reviewed by qualified buyers following the execution of an NDA.

AREA HISTORY

The Jefferson River Homestead Ranch is an authentic six-generation ranch at the heart of the Missouri River’s headwaters. Settled in the mid-1800s and stewarded by the same family ever since, the ranch offers breathtaking scenery of the Bridger, Spanish, and Tobacco Root Mountain Ranges and features a variety of terrain, from sagebrush along rolling hills to riparian areas lined with willows and cottonwoods.

The ranch also has some history as a Native American trading ground. Lewis and Clark came to the area in July 1805. The ranch served as a significant area for various Native American tribes, including the Blackfeet, Shoshone, Crow, Nez Perce, Flathead, and Salish, throughout its history. There are still teepee rings on the ranch, and arrowheads and scrapers have been found throughout the years. The Native American tribes utilized the area as a meeting place, hunting ground, and camping spot due to its central location and access to resources.

CLIMATE

Three Forks, Montana, experiences a semi-arid climate characterized by hot summers and cold winters. Average summer temperatures range from the mid-70s to low 90s°F, while winter temperatures often drop below freezing. The area receives moderate precipitation, mainly in spring and summer, supporting its diverse landscapes.

Climate charts courtesy of https://www.city-data.com/city/Three-Forks-Montana.html

17 Jefferson River Homestead Ranch | Three Forks, Montana

LOCATION

Three Forks is a charming Montana town west of Bozeman, where the Jefferson, Madison, and Gallatin Rivers converge to form the Missouri River near the Jefferson River Homestead Ranch. Established in the mid-1800s, it served as a vital hub during the Gold Rush era and today boasts a historic downtown that caters to nearly 2,000 residents. Surrounded by stunning mountain views, Three Forks attracts outdoor enthusiasts with excellent fishing and recreational opportunities such as hiking and hunting.

Just 30 minutes away, Bozeman is a vibrant university town with about 59,100 residents. It is known for its scenic beauty, outdoor activities, and historic downtown, which includes the Museum of the Rockies. The north entrance of Yellowstone National Park is about a two-hour drive, while Big Sky Ski Resort and Bridger Bowl Ski Area are within easy reach and offer exceptional skiing and outdoor experiences.

AIRPORT SERVICES

Bozeman Yellowstone International Airport is approximately 20 minutes from the ranch. The airport accommodates direct flights to many major cities, including Salt Lake, Seattle, Denver, and Minneapolis, via American, Alaska, Allegiant, Delta Frontier, JetBlue, and United Airlines. Plus, a well-suited FBO at the Yellowstone Jet Center caters to private aircraft arriving to and departing from the Gallatin Valley region.

GETTING THERE

The Jefferson River Homestead Ranch is situated along the banks of the Jefferson River and is easily accessible from Old Town Road off Highway 12. Follow Old Town Road for several miles to Eustis Road on the left to access the ranch’s upper reaches or the riverfront driveway access off Quiet Drive to the lower portions of the ranch.

19 Jefferson River Homestead Ranch | Three Forks, Montana

Jefferson River Homestead Ranch | Three Forks, Montana

23 Jefferson River Homestead Ranch | Three Forks, Montana

MINERAL RIGHTS

All mineral rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Mineral rights are not guaranteed. It is suggested that the buyer conduct a mineral search with a title company.

CONSERVATION | STEWARDSHIP

Near Bozeman, situated along the banks of the coveted Jefferson River, this production ranch is currently unencumbered by a conservation easement. It may suit the preservation goals of a conservation-minded buyer.

Each of us at Fay loves the land and wants to see it remain a productive agricultural ground and a quality fish and wildlife habitat. Through promoting thoughtful land stewardship, Fay has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay is proud to say that since our company began in 1992, our clients’ conservation ethics and land-use practices have significantly enhanced our work landscape.

www.fayranches.com | 800.238.8616 | info@fayranches.com

WATER RIGHTS

The property includes irrigation and stock water rights from the Jefferson River dating back to the 1850s.

25 Jefferson River Homestead Ranch | Three Forks, Montana

SUMMARY

The Jefferson River Homestead Ranch originated in the 1850s and has been called home for six generations. This homestead has provided an essential revenue stream for nearly two hundred years. It is a once-in-alifetime opportunity to own a beautiful ranch only 30± minutes from Bozeman, Montana. The recreational opportunities on or near this ranch are almost endless. The quaint town of Three Forks, only minutes away, is home to the confluence of the Jefferson, Madison, and Gallatin Rivers, which form the headwaters of the Missouri. All three rivers offer premium trout fisheries and boast a plethora of recreational pursuits. The ranch also has green energy opportunities with the potential to produce a substantial income. All in all, this is a chance for some lucky buyer to own a generational ranch with a potential income stream while enjoying all of the recreational options for which Montana is famous. With an international airport, Bozeman will provide future owners with easily accessible fine dining, shopping opportunities, air travel, and medical care.

Jefferson River Homestead Ranch | Three Forks, Montana

Please contact Kimberly Lowry at (406) 490-4323 | klowry@fayranches.com or John Anderson at (406) 750-0820 | janderson@fayranches.com to schedule a showing. This is an exclusive listing. An agent from Fay must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties, fly fishing properties, and sporting ranches that we have listed, please visit our web page at www.fayranches.com.

$29,500,000 Cash

Conventional Financing 1031 Exchange

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.

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 veracity of 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.

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.

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.

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