TBD Penwell Bridge

Belgrade, MT 59714

This 150 acre farm is a truly spectacular rural getaway, while still being less than 10 minutes away from the Bozeman Yellowstone International Airport accessed via paved Penwell Bridge Road. The farm borders the East Gallatin River on the East side and is strategically farmed for the enhancement of wildlife management. It is planted in both alfalfa hay and sorghum to create excellent pheasant, quail, grouse, turkey, duck, geese and whitetail habitat. It lies within the "Restricted Weapons" Hunting District 309 which allows for hunting with a bow, crossbow, shotgun and handgun. Check out all the game pictures. These could be your kids and grandkids next year. This 150 acre property allows for build opportunities anywhere on the 150 acres except for roughly 17 acres of wetlands on the South West corner. The property's east border follows the East Gallatin River. Permitted uses include agricultural activities, livestock and planting, right to restore, enhance and develop water resources, including ponds. Water Rights General Abstract has a priority date of May 31, 1890 for 2.5 CFS groundwater diversion for sprinkler and flood irrigation. Current right to build a single family residence with an associated garage and storage shed, roads to structures, plus other non-residential structures such as barns, stables, corrals, grain silos, hay and feed storage buildings, fencing, duck blinds, warming huts and ponds. There is roughly $45K in farm revenue from hay sales so this would make a great 1031 exchange property. See Associated Documents for Property Profile, General Abstract for Water Rights, Conservation Easement.

Listing courtesy of Randy Ungersma of McCaw, DeVries, Steinhauer & Co.



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Last checked: 2026-06-12 06:46 PM UTC