Land for Sale in Belgrade, Montana

Spanning 150± acres beneath the dramatic silhouette of the Bridger Mountains, Penwell Preserve is a finite Montana offering where working agricultural land and premier wildlife habitat come together just minutes outside downtown Bozeman. Protected under a conservation easement held by the Montana Land Reliance, the property carries a legacy of stewardship that will ensure its open pastures and natural character endure for generations to come. This offering represents a rare opportunity to secure a legacy landholding in one of Montana’s fastest-growing regions, where development pressure continues to reshape much of the surrounding landscape.

The property enjoys sweeping views of the Bridger Mountains within a highly desirable Gallatin Valley location, with the East Gallatin River situated just beyond the property boundary and only a short walk away. The land has been strategically planted to support both agricultural production and wildlife habitat. Open fields have traditionally been planted in alfalfa hay, barley, and sorghum, while rows of basin wildrye provide valuable nesting and cover for wildlife. Together, these plantings create exceptional habitat for pheasants, waterfowl, and whitetail deer. Penwell Preserve delivers a true sportsman’s setting right outside its own back door.

Beyond its recreational appeal, the Montana Land Reliance conservation easement allows for a single-family residence, along with additional improvements such as barns, stables, corrals, grain silos, hay and feed storage buildings, fencing, duck blinds, warming huts, and ponds. This flexibility ensures the property can support both agricultural operations and recreational infrastructure while preserving the open character that makes it so special. It is a rare chance to own a piece of the valley’s storied ranching heritage.