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Recreational Land with Home for Sale in Shepherd, Montana

10052 Floating Island Way, Shepherd, MT 59079

$4,500,000
198 acres
Active
$700k drop
Est $22,919/mo

Experience exciting bass fishing on Fish Fry Lake! With a strong forage base of bluegill and crawfish, you can regularly catch 4-6 lb largemouth bass. Minimal maintenance is needed, though transferring crawfish from nearby Minnow Pond is beneficial. Enjoy yellow perch up to 1 lb 11 oz and impressive bluegill, with two-pounders spotted while snorkeling in pristine waters.Fish Fry Lake attracts wood ducks, and many have mounted prized drakes. Deer hunting is exceptional, with mule and whitetail scoring in the 150 range. Pass-shooting geese and duck hunting in the private channel enhance the experience.A mature orchard features heirloom apple, pear, and plum varieties, shared with neighbors or sold locally. The views from the patio and master bedroom are breathtaking, making it better than TV! The property serves as a pheasant hunting preserve, boasting a peak harvest of 205 roosters. Enjoy mixed hunting opportunities just 25 minutes from Montana's largest community!

6,071
Sq feet
4
Beds
4
Full baths
1
1/2 bath
2000
Built

Location

Street address
10052 Floating Island Way
Community
Shepherd
Elevation
3,054 feet
Coordinates
45.9748, -108.245

Property details

Acreage
198.337 acres
MLS #
BAR 356127
Posted

Property taxes

Recent
$10,437

Parcels

  • D12651

Legal description

Details and features

Listing

Type
Residential
Franchise
Coldwell Banker Real Estate

Lot

Waterfront
River Front, Waterfront
Features
Landscaped, Pond On Lot, Rolling Slope, Trees, Views

Exterior

Parking
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
Appliances
Cooktop, Dishwasher, Electric Range, Microwave, Oven, Range, Refrigerator
Features
Pantry, Skylights, Window Treatments

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameType
ShepherdElementary
ShepherdMiddle
ShepherdHigh

Listing history

DateEventPriceChangeSource
Feb 20, 2026Back on market$4,500,000BAR
Jan 10, 2026Under contract$4,500,000BAR
Jan 6, 2026Price drop$4,500,000$700,000 -13.5%BAR
Oct 17, 2025New listing$5,200,000BAR
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This 198.337-acre property is located at 10052 Floating Island Way in Shepherd, MT 59079. The property is available for sale for $4,500,000. It has a 6,071 sq ft 4 bedroom, 4 bath house built in 2000.

Checked 2 hours ago — Updated

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