73 Murphy Lane

MLS #402673 | $1,149,000 | Emigrant, MT | 1.2 +/- Acres

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-square-foot suite with 1 bedroom, 1-3/4 bathroom and kitchenette, plus a lower-level 624-square-foot 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-square-foot 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 minutes 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 minute 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. footage (taken from MT Cadastral).

Property Features

  • Property in the heart of Paradise Valley

  • Main house plus 3 additional living quarters

  • Close to Emigrant, Livingston, and all the surrounding activities

  • 1.20 Acres - No known covenants

  • Close proximity to the Yellowstone River and a short drive to Yellowstone National Park

Listing Agent Info

Rick Eisen
406.223.6872
rick@legacylandsllc.com

PROPERTY LOCATION