Recreational Land with Home for Sale in Three Forks, Montana

PRICE DROP - FLEXIBLE LIVING & HIGH-INCOME POTENTIAL ON 10+ ACRES! This unique 10.03-acre property near the Madison River in Three Forks offers the best of both worlds: versatile living options and strong investment potential-all just a scenic drive from Bozeman. The 2,000 sq. ft. main home features 4 beds, 2 baths, a cozy wood-burning fireplace, dual decks, and a loft-ideal for owner occupancy, long-term rental, or vacation guests. Wildlife sightings are a regular delight, with deer and elk often passing through. A second 1,500 sq. ft. mobile home includes 3 beds, 2 baths, and a dedicated office space-perfect for a second rental unit, guest housing, or multigenerational living. Both homes are approved for short-term and long-term rentals, allowing you to generate income immediately or adapt your rental strategy to seasonal demand. Live in one and rent the other-or lease both for maximum return. Also included is a 1,000 sq. ft. heated workshop with a wood-burning furnace and an air compressor-a great opportunity to add value with a business component or workshop lease. With close access to world-class fly fishing, hunting, and year-round recreation, this property blends sought-after Montana living with reliable revenue opportunities-now offered at a reduced price!