West Yellowstone, Montana
$4,995,000 11± acres
SHELTERWOOD LODGE
INTRODUCTION
Shelterwood Lodge is comprised of 11± deeded acres in two parcels less than five minutes from the South Fork of the Madison River, less than 10 minutes from the west entrance of Yellowstone National Park, the town of West Yellowstone, and Hebgen Lake, and just 15 minutes from Henry’s Lake. Part of West Yellowstone’s charm is its proximity to some of Yellowstone National Park’s best fly fishing. A short drive into the park reveals a multitude of waterways, including the Firehole, Gibbon, and Madison Rivers. A little less than a quarter mile of Buttermilk Creek babbles through the property, contiguous to Gallatin National Forest, which turns into millions of acres of public land, including Yellowstone National Park. Trails are out the back door for hiking, mountain biking, snowmobiling, horseback riding, and wildlife viewing. Currently run as a successful short-term rental property, the improvements, built in 2021, include a four-bedroom, 3.5-bathroom home with a two-car garage, a two-bedroom, two-bathroom second home with a two-car garage, and a 24’ x 40’ heated shop with water and a 14’ door, perfect for RV storage. Relax and enjoy the great outdoors through expansive windows in each home or from the wraparound-covered decks with private hot tubs and outdoor dining. Shelterwood Lodge is being sold turnkey and furnished in case a new owner would like to continue operating the property as one of the best year-round vacation rentals in the area. This compound could also be used as a family getaway or a corporate retreat.
Shelterwood Lodge | West Yellowstone, Montana
QUICK FACTS
• 11± deeded acres in two parcels
• .2± miles of Buttermilk Creek
• 3,129± SF, 4 bed, 3.5 bath home with a 2-car garage
• 2,116± SF, 2 bed, 2 bath home with a 2-car garage
• 24’ x 40’ heated shop with 14’ doors
• An additional 5 bedroom structure could be built on Lot 2
• Successful vacation rental property with a state commercial short-term rental license already in place
• Expansive views of Lionhead Mountain, Targhee Peak, Mount Hebgen, and the Monument Peaks
• Two large campfire areas
• Contiguous to Gallatin National Forest that turns into Yellowstone National Park
• Less than 5 minutes to the Montana/Idaho border and the South Fork of the Madison River
• Less than 10 minutes to West Yellowstone, the west entrance of Yellowstone National Park, and a little further to Yellowstone Airport
• Less than 10 minutes to Hebgen Lake
• 15± minutes to Henry’s Lake and the Montana/ Wyoming border
• 20± minutes to Island Park, ID
• 30± minutes to the Gallatin River
• A little over an hour to Big Sky Resort
• About two hours to Bozeman, Montana, and its commercial airport
• Offered turnkey/furnished 2
INCOME OPPORTUNITY
Shelterwood Lodge is a very successful short-term rental property currently bringing in an average of $2,895 in gross nightly income. A state commercial short-term rental license is already in place.
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Shelterwood Lodge | West Yellowstone, Montana
ACREAGE
Totaling a little over 11 acres in two parcels, elevation on the property ranges from 6,620± feet to 6,680± feet. The recently built improvements, nestled in mature timber to the south of the property, sit right up against thousands of acres of Gallatin National Forest. Easily accessible less than half a mile off Targhee Pass Highway, the property is also very private as you pass through a gated entrance. A little less than a quarter mile of Buttermilk Creek runs along the property’s northern border and east side.
Shelterwood Lodge | West Yellowstone, Montana
IMPROVEMENTS HOME
Constructed and completed in 2021, the four-bedroom, 3.5-bathroom home is the perfect mountain retreat. The entire home is well-lit, with vaulted ceilings and lots on natural light. Large floor-to-ceiling windows invite nature into the living and dining area, with a Tulikivi soapstone double-sided woodburning stove centerpiece and an antler chandelier hanging above the dining table. Access the covered wraparound deck from the living area for stunning views of the mature forest, valley below, and mountains. The modern, fully equipped kitchen is open, with floating shelves and stainless-steel appliances. A bar area provides a space for food prep and entertainment. The primary bedroom and ensuite bathroom include deck access, a large, tiled shower with two shower heads, a double vanity, and a soaking tub. The main floor also includes a half bathroom.
Shelterwood Lodge | West Yellowstone, Montana
Upstairs, a lofted hallway looks down on the main floor. Off the hallway, you will find two bedrooms that share a jackand-jill bathroom and another bedroom and bathroom with a large vanity and a walk-in tiled shower. The attached two-car garage provides plenty of space and storage. Off the garage, you will find a large theater/game/bonus room and a separate laundry room with a large capacity washer and dryer. Watch the wildlife come alive in the seven-person hot tub on the wraparound deck. An outdoor dining area provides the perfect spot to spend balmy summer evenings.
SECOND HOME
Similar to the main home in detail and décor, the two-bedroom, two-bathroom second home includes an attached two-car garage and a wraparound deck with a six-person hot tub and outdoor dining area. A game/bonus room and laundry sit off the garage. On the main floor, an open floor plan and vaulted ceilings make the living area, dining area, and kitchen perfect for entertaining. Like the main home, this guest home features a Tulikivi soapstone wood stove in the living area, an antler chandelier in the dining area, and a modern, fully equipped kitchen with bar seating. A mudroom and bathroom are on the main floor, too. The second level looks over the living area and features a bedroom and en-suite bathroom with a double vanity and walk-in tiled shower.
Shelterwood Lodge | West Yellowstone, Montana
A large 24’ x 40’ insulated/heated shop sits just west of the homes. It includes water and a 14’ door, perfect for RV or recreational toy storage.
www.fayranches.com | 800.238.8616 | info@fayranches.com
Shelterwood Lodge | West Yellowstone, Montana
RECREATION
FISHING
This property is less than five minutes from the South Fork of the Madison River, which offers fantastic fishing for cutthroat, rainbow, brown, and brook trout. This section of the river feeds into Hebgen Lake, which is also about 15 minutes from the property. As a result, giant trout from the lake make their way up the river seasonally. The river has long, deep runs and undercut banks, providing the perfect habitat for large fish.
The Gallatin River flows from Wyoming into Montana about a half hour north. The Gallatin River starts in Yellowstone National Park high in the Gallatin Mountain Range. The lower section runs through a broader valley with picturesque cliffs and mountain peaks looming in the distance. The habitat here is excellent and provides plenty of classic riffles, runs, holes, and undercut banks. Wading is easy with low brush and willow lining the banks. Ample pullouts along Highway 191 provide great access throughout this section. The river is still relatively small but supports healthy populations of rainbow, brown, cutthroat, and some brook trout. As mentioned above, the water is cold and clear, so the summer months are best. Ample access, solid trout numbers, and beautiful scenery make the Gallatin a worthwhile stop.
Fly fishing; not taken on property
Downstream from the Yellowstone Park border, there are over 100 miles of Blue-Ribbon trout water with excellent brown, rainbow, and cutthroat trout populations. Headwater streams such as the Gibbon, Firehole, and Lamar create the Madison and Gallatin Rivers. The park hosts many fishing opportunities, with over one 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.
Henrys Lake, a 6,000± acre high alpine lake, sits 10 miles down the road on the southwest side of the Henrys Lake Mountains and two miles south of the continental divide. Surrounded by the Sawtooth Mountains and Sawtell Peak looming overhead, the lake provides the headwaters of the Henry’s Fork, a tributary of the Snake River. With an average depth of 15 feet, this shallow lake is well known for its incredible trout fishing. Henrys Lake State Park, a 585± acre state park on the lake’s south shore and just a few minutes from the property, offers a boat ramp, fish cleaning station, camping, and nature trails for hiking, biking, and wildlife viewing.
Just 15± minutes from the Shelterwood Lodge is Hebgen Lake, a large impoundment of the Madison River and Montana’s premier stillwater fishing lake. Fifteen miles long and four miles wide, the lake is renowned for its rainbow and brown trout, which average 19” long and cruise the calm waters. Boating, fishing, and camping are popular in summer, while ice fishing takes over in the winter.
Lodge | West Yellowstone, Montana
Cutthroat Trout; not taken on property
Shelterwood
HUNTING | WILDLIFE
The West Yellowstone area has long been known as a destination for big game hunting. While large game animals pass through the property, the adjacent National Forest offers the best big game hunting opportunities. A short drive north of the ranch is the Madison Range, legendary for its large number of high-quality elk. There is also excellent duck and goose hunting right in the area. Eagles, hawks, osprey, sand-hill cranes, herons, egrets, and other native and migratory species are frequently seen from the property. Yellowstone National Park and additional wildlands managed by the National Forest Service, Montana Department of Fish, Wildlife and Parks, Fish and Wildlife Service, and private agricultural interests provide hunting and, photographic and viewing opportunities for many species.
OTHER RECREATION
Since the property is contiguous to millions of acres of public land, access many trails out the backdoor for hiking, mountain biking, horseback riding, and wildlife viewing in the summer, and snowmobiling and cross-country skiing in the winter. Water sports and ice fishing abound at nearby lakes like Henrys Lake and Hebgen Lake, both less than 15 minutes from the property.
No matter what season brings you to West Yellowstone, there is something to offer every adventure seeker. Spring is a time of change and renewal in West Yellowstone, bringing newborn wildlife, bear sightings, wildlife migrations, epic fishing, and beautiful scenery. In the summer, you can fish blue-ribbon trout streams, hike, experience real western horseback riding, whitewater raft, or mountain bike on hundreds of miles of forest service roads. Fall brings spectacular scenery, fish spawning runs, and the annual elk rut, where huge bull elk battle with eerie, echoing bugles. Winter brings an average yearly snowfall of about 150 inches, which means endless cross-country skiing, snowshoeing, ice fishing, sled dog tours, and much more. Enjoy snow coach or snowmobile tours into Yellowstone National Park from West Yellowstone— the only daily winter entrance into the park. For downhill skiing and snowboarding, Big Sky Resort, the Yellowstone Club, and Spanish Peaks Mountain Club are a little over an hour from Shelterwood Lodge.
15 Shelterwood Lodge | West Yellowstone, Montana
LOCATION
This property is just south of Hebgen Lake and less than 10 minutes from the small town of West Yellowstone, Montana (population 1,147±). This town is a mecca for year-round outdoor recreation. Summer finds visitors fly fishing, rafting, mountain biking, trail rides and hiking while winter brings cross-country skiing, snowmobiling and touring snowcoaches. Wildlife watching is a year-round activity, while shopping can be found along the boardwalks in town.
Island Park, Idaho (population 196±), is about 20 minutes south of the property and is a base camp for outdoor recreation. With the world’s longest main street, Island Park hosts a gas station, hotels, and campgrounds. To the west of Island Park, Island Park Reservoir is stocked with rainbow trout and kokanee. South of Island Park, Harriman State Park offers 22± miles of horseback riding, hiking, and mountain biking trails.
A little over an hour from the property, Big Sky Town Center sits high in the Rocky Mountains of southwest Montana. Within the resort community of Big Sky (population 2,900±), the Town Center is centrally located about 7 miles below Lone Mountain and at the corner of Ousel Falls Road and Lone Mountain Trail. Amenities include hotels, restaurants, bars, a movie theater, an ice-skating rink, a medical clinic, and more. Music in the Mountains hosts free outdoor concerts in the Town Center Park in the summer.
The vibrant university town of Bozeman (population 59,000±), home to Montana State University and the Museum of the Rockies, is about two hours from the ranch. Bozeman has received national accolades for its scenic location, endless outdoor activities, and historic downtown. Bozeman restaurants and shops have become favorite places for those who love nature, whether fishing, hunting, skiing, mountain biking, or hiking.
GETTING THERE
Less than 15 minutes from the property, Yellowstone Airport is served by Delta and United Airlines, with flights to and from Denver and Salt Lake City. The airport also hosts a full-service FBO for private jets. Due to heavy snow, this airport does close in the winter.
About two hours away, with many daily flights, Bozeman Yellowstone International Airport is serviced by Alaska, Allegiant, American Airlines, Avelo, Delta, Jet Blue, Southwest, SunCountry, and United Airlines. The airport also hosts three FBOs for private jet travel.
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
This property is not under conservation easement.
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.
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www.fayranches.com | 800.238.8616 | info@fayranches.com
WATER RIGHTS
Montana waters, in all their varied forms and locations, belong to the State for the benefit of its people. A water right is the right to use the water within state-established guidelines, and not any ownership of the water itself. Since water rights in Montana are guided by the prior appropriation doctrine, a person’s right to use a specific quantity of water depends on when the use of water began, establishing the relative priority date of use on the water source. The first person to use water from a source established the first right, the second person could establish a right to the water that was left, and so on. Additionally, water users are limited to the amount of water that can be beneficially used. Beneficial use includes, but is not limited to, agricultural, recreational, fish, wildlife and domestic purposes.
Montana is currently conducting a statewide adjudication of all water rights with priority dates prior to July 1, 1973. The statewide adjudication is a court process that prioritizes and quantifies all existing water rights in each Montana drainage basin. With 85 basins in Montana, and over 219,000 water right claims, the statewide adjudication is a massive undertaking that is expected to stretch well into the future. Until the adjudication process is complete, the status of any particular water right claim cannot be guaranteed. Fay Ranches, Inc., its brokers and salespersons do not warrant or make any representation concerning the quantity or quality of any water rights, nor any legal entitlement to use of water rights, permits to appropriate water, exempt existing rights, determination of existing water rights, nor any ditches, ditch rights, or ditch easements appurtenant to or constituting a burden on the property. Water rights claims appurtenant to the property may or may not have been fully or finally adjudicated, and any Buyer is advised to make any offer to purchase contingent upon and subject to such independent inspections, evaluations, and advice concerning the water rights and adjudication process as a Buyer might deem prudent. All Buyers should be aware that Fay Ranches, Inc., its brokers and salespersons involved in this offering have not conducted an expert inspection or analysis of the water rights for this property.
For many years, the Yellowstone basin has been one of the most sought-after locations in Montana because of the abundant wildlife and fishery resources and some of the most dramatic scenery in the Northern Rockies. This private location backs to over 2 million acres of public lands, including U.S. Forest Service and Yellowstone National Park, providing plenty of hiking trails, groomed snowmobile trails, and horse trails out your back door – with the convenience of being less than 10 minutes away from West Yellowstone, the entrance to Yellowstone National Park and boating/water skiing on nearby Hebgen Lake. The owners have created the ideal setting for hosting large families, adventurous groups, and corporate retreats - resulting in all 5-star reviews from their rental guests. This property is being sold furnished turnkey with fully stocked kitchens and linens – move right in or continue operating the property as one of the best yearround vacation rentals in the area the moment you close.
Shelterwood Lodge | West Yellowstone, Montana
Please contact Branif Scott at (406) 579-9599 | bscott@fayranches.com or Michelle Horning at (406) 570-8901 | michelleahorning@gmail.com to schedule a showing. This is an co-listing. An agent from Fay Ranches, Inc. or The Big Sky Real Estate Co must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties we have listed, please visit our web page at www.fayranches.com.
$4,995,000 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.
GALLATIN NATIONAL FOREST
BUTTERMILK CREEK
GALLATIN NATIONAL FOREST
YELLOWSTONE NATIONAL PARK
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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