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73 Murphy Lane, Emigrant, MT 59027

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For Sale

$1,049,000

3 beds • 1 baths • 1,140 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $920.18
    Price per square foot

  • Over 50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

PROPERTY WITH FOUR LIVING UNITS Welcome to an exceptional offering in the heart of Montana's Paradise Valley, where this 1.2-acre property delivers a rare blend of flexibility, income opportunity, and authentic mountain living. The main residence offers 1,140 square feet of thoughtfully designed space with 3 bedrooms and 1 bathroom/laundry room, providing a warm and comfortable retreat framed by expansive mountain ranges and pristine Montana air. Complementing the primary home are two additional guest residences that elevate this property beyond traditional single-family offerings. The versatile "Shop House" features two private living quarters: an upper-level 672-sq ft suite with 1 bedroom, 1-3/4 bathroom and kitchenette, plus a lower-level 624-sq ft unit with 1 bedroom, 1-3/4 bathroom, a full kitchen and large shop area -both designed for effortless hosting or immediate rental income. A separate 912-sq ft guest house provides a more private 1-bedroom, 1-bathroom retreat, perfect for extended stays, multi-generational living, employee housing, or additional income streams. Uniquely positioned just two mins from one of many nearby Yellowstone River fishing access points, residents enjoy immediate proximity to world-class fly fishing, kayaking, rafting, and paddleboarding, while Emigrant's authentic charm -including the impeccably supplied General Store, Emigrant Outpost, Follow Yer Nose BBQ, and the historic Old Saloon - remain just a few minutes away. Renowned dining and natural hot springs at Sage Lodge and Chico Hot Springs lie within a 10-minute drive, offering resort-quality amenities without the resort crowds. Pass through the historic Roosevelt Arch at Yellowstone National Park's iconic Entrance which is a scenic 30-minute drive to the South, while Livingston's shopping, arts and dining rest 30 minutes to the North. For a wider variety of shopping, dining, cultural and recreational activities Bozeman's comprehensive amenities are a convenient 45 min drive away. Travel is easy with Bozeman International Airport an hour away and Mission Field only 30 mins away. Whether you envision a serene family compound, flexible employee housing, or an income-generating investment opportunity, this property embodies the coveted Paradise Valley lifestyle and the timeless Western charm that defines authentic living in one of Montana's most sought-after locations. Buyer to verify all listing information contained herein, including sq. ft. (taken from MT Cadastral).
MLS# 402673

Courtesy Of Legacy Lands, LLC

(406) 848-9400

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck
  • Appliances
    Dryer, Microwave, Range, Washer
  • Architecture Style
    Ranch
  • Fireplace
    Fireplace
  • Heating System
    Baseboard
  • Lot Size
    1.2 Acres
  • Roof Type
    Asphalt
  • View Type
    Valley

Map and Directions

Directions to 73 Murphy Lane, Emigrant, MT 59027

Home seller CENTURY 21 Shea Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Shea Realty

(406) 723-5455
Learn More About Us

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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