
Recreational Land with Home for Sale in Shepherd, Montana
10052 Floating Island Way, Shepherd, MT 59079
This unique property features a magnificent timbered home sited high above the Yellowstone River, offering a rare outlook and superb recreational opportunities. The views from the patios and master bedroom are breathtaking and ever-changing. The house is solidly built with exposed Douglas Fir beams and two stone chimneys, softened by many artistic touches. Fish Fry Lake boasts 7 acres of exciting fishing for you or the grandkids - from 6-pound largemouth bass and "boss" bluegills to dozens of panfish. Or just relax in a kayak and enjoy the sunset. Water quality is assured by maintenance-free floating islands. For the hunter, Fish Fry Lake attracts wood ducks, prized for their plumage. Deer hunting is exceptional, with high-scoring muleys and whitetail only minutes away. The private channel below the house provides accessible waterfowl opportunities. The property is licensed as a pheasant hunting preserve (Joy of Hunting) and supports acres of dryland or irrigated food plots, roosting cover and thermal mass. A mature heirloom orchard produces apples and pears, which are usually shared with neighbors or sold to the local cider mill. A separate 2-story cottage with 3-bay carport can house a property manager or guest overflow. Only 25 minutes from the amenities and convenience of Montana's largest community!
Location
- Street address
- 10052 Floating Island Way
- County
- Yellowstone County
- Community
- Shepherd
- Elevation
- 3,054 feet
Property details
- Acreage
- 198.337 acres
- MLS #
- BAR 356127
- Posted
Property taxes
- Recent
- $10,437
Parcels
- D12651
Legal description
S28, T03 N, R28 E, C.O.S. 3105, PARCEL 1; S28, T03 N, R28 E, C.O.S. 2751, PARCEL 3B, AMD (25)
Details and features
Listing
- Type
- Residential
- Franchise
- Coldwell Banker Real Estate
Lot
- Waterfront
- River Front, Waterfront
- Features
- Landscaped, Pond On Lot, Secluded, Trees, Views
Exterior
- Parking
- Carport, Garage, Open
- Fencing
- Fenced
- Pool
- Patio
- Structures
- Gazebo, Storage
- Features
- Fence, Sprinkler Irrigation
Structure
- Stories
- 2
- Sewer
- Septic Tank
- Heating
- Propane
- Cooling
- Central Air
- Materials
- Stucco
- Roof
- Tile
- Windows
- Skylight(s)
Interior
- Rooms
- Basement, Bathroom x 5, Bedroom x 4
- Fireplaces
- Yes
- Appliances
- Cooktop, Dishwasher, Electric Range, Microwave, Oven, Range, Refrigerator
- Features
- Pantry, Skylights, Window Treatments
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Nearby schools
| Name | Type |
|---|---|
| Shepherd | Elementary |
| Shepherd | Middle |
| Shepherd | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 20, 2026 | Back on market | $4,500,000 | — | BAR |
| Jan 10, 2026 | Under contract | $4,500,000 | — | BAR |
| Jan 6, 2026 | Price drop | $4,500,000 | $700,000 -13.5% | BAR |
| Oct 17, 2025 | New listing | $5,200,000 | — | BAR |



































