Between Bozeman and Yellowstone National Park, this extraordinary 20-acre property offers unmatched privacy and sweeping panoramic views, just ten minutes from both Big Sky Resort and Town Center. A sunlit meadow framed by mature spruce and aspen trees serves as the future main house site, capturing breathtaking vistas of Lone Mountain, the Spanish Peaks, the Yellowstone Club, and Buck Ridge. A 2,000-square-foot guest house crowns a landscaped knoll overlooking the meadow. Designed with mountain character and artisan craftsmanship, it features soaring ceilings, a dramatic stone fireplace, a hand-crimped copper roof by renowned metalworker Mike Winters, and a whimsical glass-floor cupola. Luxurious touches include radiant heat, Lutron lighting, a steam shower, and a full washer and dryer. Above the oversized two-car garage, the caretaker’s quarters offer additional guest accommodations with warm barnwood interiors, wide-plank Douglas fir floors, and a river rock shower with a cracked marble floor. The 20-acre grounds are beautifully manicured, with rolling lawns, rock gardens, and nearly a mile of private hiking and fitness trails. In winter, the coveted Boomerang Nordic trail—part of Lone Mountain Ranch’s nationally acclaimed network—winds discreetly through the property, offering direct access to world-class cross-country skiing. Amenities include a six-person hot tub, lantern-lit driveway, Starlink internet, ADT security with cameras, and an extensive irrigation system. This is a rare Big Sky legacy property, offering the perfect blend of privacy, luxury, and year-round recreation.
For sale
$4,100,000
121 Old Toby Rd, Big Sky, MT 59716
2beds
2,510sqft
Single Family Residence
Built in 2005
20.01 Acres Lot
$-- Zestimate®
$1,633/sqft
$619/mo HOA
What's special
Dramatic stone fireplaceOversized two-car garageSweeping panoramic viewsSteam showerFull washer and dryerWhimsical glass-floor cupolaSix-person hot tub
- 24 days |
- 1,044 |
- 41 |
Zillow last checked:
Listing updated:
Listed by:
Michael Pitcairn 406-539-6060,
Outlaw Realty,
Eric Ladd 406-995-7363,
Outlaw Realty
Source: Big Sky Country MLS,MLS#: 411365Originating MLS: Big Sky Country MLS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Dining Room, Full Bath, Kitchen, Laundry, Loft, Living Room, Office
Bedroom
- Level: Main
Bedroom
- Level: Upper
Den
- Level: Upper
Dining room
- Level: Main
Other
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Loft
- Level: Upper
Heating
- Radiant Floor
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Disposal, Microwave, Refrigerator, Washer
Features
- Wet Bar, Walk-In Closet(s)
- Flooring: Hardwood, Partially Carpeted
Interior area
- Total structure area: 2,510
- Total interior livable area: 2,510 sqft
- Finished area above ground: 2,000
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Gravel Driveway, Landscaping
- Has view: Yes
- View description: Mountain(s), Southern Exposure, Valley, Trees/Woods
- Waterfront features: None
Lot
- Size: 20.01 Acres
- Features: Lawn, Landscaped
Details
- Additional structures: Guest House
- Parcel number: RKE46927
- Zoning description: Call Listing Agent for Details
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Custom,Rustic
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 2005
Details
- Builder name: Perimeter Construction/House Design Partnership
Utilities & green energy
- Sewer: Septic Tank
- Water: Public, Well
- Utilities for property: Propane, Phone Available, Septic Available, Water Available
Community & HOA
Community
- Subdivision: Lost Trails
HOA
- Has HOA: Yes
- Amenities included: Ski Accessible, Ski In Ski Out, Trail(s)
- Services included: Road Maintenance
- HOA fee: $7,428 annually
Location
- Region: Big Sky
Financial & listing details
- Price per square foot: $1,633/sqft
- Tax assessed value: $2,727,973
- Annual tax amount: $13,018
- Date on market: 5/18/2026
- Cumulative days on market: 299 days
- Listing terms: Cash,1031 Exchange,3rd Party Financing
- Ownership: Full
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $4,100,000-6.8%$1,633/sqft |
Source: Big Sky Country MLS #411365 Report a problem | ||
| 5/2/2026 | Listing removed | $4,400,000$1,753/sqft |
Source: Big Sky Country MLS #404509 Report a problem | ||
| 1/23/2026 | Price change | $4,400,000-8.3%$1,753/sqft |
Source: Big Sky Country MLS #404509 Report a problem | ||
| 8/11/2025 | Price change | $4,800,000-7.7%$1,912/sqft |
Source: Big Sky Country MLS #404509 Report a problem | ||
| 7/30/2025 | Listed for sale | $5,200,000$2,072/sqft |
Source: Big Sky Country MLS #404509 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,778 -21.6% | $2,727,973 -19.9% |
| 2024 | $16,291 +6.1% | $3,407,595 |
| 2023 | $15,360 +63.8% | $3,407,595 +109% |
| 2022 | $9,379 -11.7% | $1,630,675 |
| 2021 | $10,617 +56.2% | $1,630,675 +39.5% |
| 2020 | $6,795 -8% | $1,169,317 |
| 2019 | $7,384 +18.4% | $1,169,317 +20.7% |
| 2018 | $6,236 +6.4% | $968,726 |
| 2017 | $5,862 +2.5% | $968,726 +23.6% |
| 2016 | $5,717 | $783,827 |
| 2015 | $5,717 -14.9% | $783,827 +34.9% |
| 2014 | $6,715 +20.1% | $581,113 +4.4% |
| 2013 | $5,592 +2% | $556,726 +5% |
| 2012 | $5,484 | $530,200 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 59716
Nearby schools
GreatSchools rating
- 6/10Ophir Elementary SchoolGrades: PK-5Distance: 6.6 mi
- 6/10Ophir 7-8Grades: 6-8Distance: 6.6 mi
- 10/10Lone Peak High SchoolGrades: 9-12Distance: 6.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Montana
- Gallatin County
- Big Sky
- 59716
- 121 Old Toby Rd
Nearby cities
Nearby zip codes
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