Improved Land for Sale in Livingston, Montana

The Ultimate Montana Dream -- Two Newer Homes, Horse Property, and Unmatched Absaroka Views

If you've been searching for the perfect Montana retreat -- breathtaking mountain views, wide-open acreage, income potential, and unmatched access to the outdoors -- this 20-acre property delivers it all. With two newer homes, no zoning, legal short-term rental approval, and a location just across from 360 acres of state land for hunting, this is a rare opportunity to own a true Montana legacy property.

Situated between the north entrance of Yellowstone National Park, downtown artsy Livingston, and the legendary Yellowstone River, you'll be surrounded by endless recreation and scenery. The seller has literally stepped out of work calls to retrieve an elk from across the street -- that's how close the wildlife is here.

138 Inverness

This A-frame style home was designed to capture sweeping Absaroka Range views through its dramatic wall of windows. Inside, you'll find a cozy great room anchored by a floor-to-ceiling fireplace with a woodstove insert. The remodeled kitchen features new appliances and countertops, while fresh carpet runs throughout. The single bath was thoughtfully reconfigured to create a beautiful primary ensuite. One front bedroom offers flexible use without a closet, while the second serves as a charming bunkroom. Step outside to a patio with a pergola, an outdoor kitchen, and a hot tub area -- perfect for evenings under the stars. The property also includes a small horse stable/tack area and a 1-car garage.

8 Black Hawk

Positioned at the corner of the acreage, this single-level home was newly built and offers 3 bedrooms, 2 baths, and modern finishes. Currently rented to a long-term tenant, it provides immediate income potential. A shed adds extra storage for your gear.

Why You'll Love It Here o 20 acres fenced for horses o Legal short-term rental and income from both homes o Directly across from state land for hunting and recreation o Unobstructed mountain views in every direction o Easy access to Yellowstone National Park, Livingston's art scene, and the Yellowstone River

This property blends the best of Montana's rugged beauty with income opportunities and multigenerational living potential. Whether you envision a family compound, a hunting basecamp, or an investment with built-in tenants, this is a chance to make the Montana dream your reality.