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For sale
    • $517,700

    721 Cave Rd, Billings, MT 59101

    3beds
    2,312sqft
    : 
    $3,248/mo
    Get pre-qualified
    Single Family Residence
    Built in 1982
    2.36 Acres Lot
    $462,600 Zestimate®
    $224/sqft
    $-- HOA

    What's special

    Energy efficiencyPeaceful secluded settingOversized beamsVaulted ceilings
    Welcome to your Emerald Hills retreat! Nestled on nearly 2.5 acres in a peaceful, secluded setting with fantastic views of Billings and the surrounding mountains. This custom-built 3 bed, 2 bath home is designed for energy efficiency, staying cooler in summer and warmer in winter. Vaulted ceilings, oversized beams, skylights and large windows fill the home with natural light. The primary suite features a private balcony with amazing views and a dry sauna. Relax in the enclosed hot tub just off the living area. Cross the walk over bridge to a serene area with a loafing shed for horses or animals. Features include a 2-car attached garage, radon system, new membrane roof in 2024 and new septic tank in 2025. No HOA! Only minutes from downtown and the airport, yet feels like you're far away in your own paradise. A unique Montana retreat offering privacy, views and room to enjoy!
    20 hours
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    297
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    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tammie Hoelle 406-697-2576,

    Epique, Inc., DBA Epique Realty

    Source: BMTMLS,MLS#: 361470MLS LogoOriginating MLS: Billings Association Of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Primary bedroom
      • Description: Large,Bath,Flooring: Laminate,Simulated Wood
      • Features: Balcony, Ceiling Fan(s), Sauna, Walk-In Closet(s)
      • Level: Upper
      Bedroom
      • Description: Flooring: Laminate,Simulated Wood
      • Features: Closet
      • Level: Main
      Bedroom
      • Description: Flooring: Laminate,Simulated Wood
      • Features: Closet
      • Level: Main
      Kitchen
      • Description: Galley,Pantry,Flooring: Laminate,Simulated Wood
      • Level: Main
      Living room
      • Description: Flooring: Laminate,Simulated Wood
      • Features: Built-in Features, Ceiling Fan(s), Vaulted Ceiling(s), Wood Burning Stove
      • Level: Main
      Heating
      • Ductless, Other
      Cooling
      • Ductless, Heat Pump
      Appliances
      • Included: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Oven, Range, Refrigerator, Washer
      Features
      • Ceiling Fan(s), Pantry, Skylights, Sauna
      • Windows: Skylight(s)
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning Stove
      Interior area
      • Total interior livable area: 2,312 sqft
      • Finished area above ground: 2,312
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Additional Parking
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Patio
      • Exterior features: Deck, Fence, Storage
      • Fencing: Fenced
      • Has view: Yes
      Lot
      • Size: 2.36 Acres
      • Features: Secluded, Sloped, Trees, Views
      Details
      • Additional structures: Shed(s)
      • Parcel number: C04332C
      • Zoning description: Un-zoned
      • Horse amenities: Loafing Shed

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Two Story,Berm
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Roof: Membrane
      Condition
      • Resale
      • Year built: 1982

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Cistern

      Community & HOA

      Community
      • Subdivision: Emerald Hills
      Location
      • Region: Billings

      Financial & listing details

      • Price per square foot: $224/sqft
      • Tax assessed value: $390,700
      • Annual tax amount: $2,661
      • Date on market: 8/25/2026
      • Listing terms: Assumable,Cash,Conventional,FHA,New Loan,USDA Loan,VA Loan

        Estimated market value

        $462,600

        $430,000 - $495,000

        $2,666/mo

        Price history

        DateEventPrice
        8/26/2026Listed for sale$517,700+26.6%$224/sqft
        Source: BMTMLS #361470 Report a problem
        5/19/2026Listing removed$2,900$1/sqft
        Source: Zillow Rentals Report a problem
        5/4/2026Price change$2,900-12.1%$1/sqft
        Source: Zillow Rentals Report a problem
        3/27/2026Listed for rent$3,300$1/sqft
        Source: Zillow Rentals Report a problem
        12/22/2025Listing removed$409,000$177/sqft
        Source: BMTMLS #353995 Report a problem
        11/5/2025Contingent$409,000$177/sqft
        Source: BMTMLS #353995 Report a problem
        10/16/2025Price change$409,000-2.4%$177/sqft
        Source: BMTMLS #353995 Report a problem
        9/16/2025Price change$419,000-2.3%$181/sqft
        Source: BMTMLS #353995 Report a problem
        7/30/2025Price change$429,000-4.7%$186/sqft
        Source: BMTMLS #353995 Report a problem
        7/3/2025Listed for sale$450,000+18.5%$195/sqft
        Source: BMTMLS #353995 Report a problem
        12/15/2022Sold--
        Source: Agent Provided Report a problem
        10/22/2022Contingent$379,900$164/sqft
        Source: BMTMLS #331478 Report a problem
        10/5/2022Listed for sale$379,900$164/sqft
        Source: BMTMLS #331478 Report a problem
        9/24/2022Contingent$379,900$164/sqft
        Source: BMTMLS #331478 Report a problem
        7/20/2022Price change$379,900-9.5%$164/sqft
        Source: BMTMLS #331478 Report a problem
        6/27/2022Listed for sale$420,000$182/sqft
        Source: BMTMLS #331478 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,821 -35.7%$390,700 +5.7%
        2024$2,832 +1.3%$369,600
        2023$2,797 +7.2%$369,600 +26.9%
        2022$2,610 +0.9%$291,200
        2021$2,587 -1.2%$291,200 +2.1%
        2020$2,618 +0.6%$285,200
        2019$2,601 -21.8%$285,200 +12.4%
        2018$3,326 +28.5%$253,700
        2017$2,588 +7.1%$253,700 +3.7%
        2016$2,417 $244,700
        2015$2,417 +14.4%$244,700 +114.4%
        2014$2,112 +2.8%$114,109 +0.9%
        2013$2,054 +3.3%$113,052 +1.1%
        2012$1,989 $111,769
        2011-- --
        2010-- --
        2009-- --
        2008-- $168,200
        2007-- $168,200
        2006-- $168,200
        2005-- $168,200
        2004-- $168,200
        2003-- $168,200 +20.6%
        2002-- $139,500
        2000-- $139,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 59101

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lockwood
        • Middle: Lockwood
        • High: Lockwood

        Source: BMTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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