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Stephen Drabek

Engel & Völkers

stephen.drabek@evrealestate.com +1(406) 312-6014

$ 5,900,000

Est. payment -/mo

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450 Loomis Way & 420 Sage AVE Ennis, MT 59729

3.21 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision North Forty

MLS Listing ID 414669

Year Built 2024

Tax Year 2025

Lot Size 3.210 Acres

Acres 3.21

Property Sub-Type Multi Family

Property Description

The Drift at North Forty presents a rare opportunity to acquire a partially completed luxury residential development with significant remaining upside in the heart of Montana's Madison Valley. Unlike a traditional land offering, the Property combines completed infrastructure, municipal utility approvals, and existing income-producing assets with substantial future development potential, providing a de-risked platform for value creation. Located within the North Forty master-planned community in Ennis, Montana, the offering includes eight completed luxury condominium residences that have established the project's architectural identity and demonstrated demand for high-quality residential product. Beyond the existing residences, the Property offers the opportunity to develop additional luxury residential units, higher-density multifamily housing, boutique hospitality, or a thoughtfully integrated mixed-use concept, subject to applicable approvals and a purchaser's due diligence. Existing roads, utilities, and horizontal infrastructure significantly reduce entitlement risk, development timelines, and capital requirements compared to a typical greenfield project, allowing an investor to focus on executing the next phase of development. Positioned approximately one hour from both Yellowstone National Park and Big Sky Resort, Ennis has emerged as one of Montana's most desirable recreation markets. Anchored by the world-renowned Madison River, the area attracts year-round visitors and residents seeking exceptional fly fishing, hunting, hiking, skiing, and mountain recreation. Continued population growth, increasing tourism, and limited luxury housing inventory have created strong demand for high-quality residential and hospitality product. Whether completed as a luxury condominium community, expanded into a higher-density residential project, developed as a boutique hospitality destination, or executed through a phased mixed-use strategy, The Drift offers multiple paths to unlock value. With completed improvements already in place, existing market validation, and meaningful remaining development capacity, the Property represents a unique opportunity to acquire a premier development platform in one of Montana's most supply-constrained and desirable mountain communities.

Location

State MT

County Madison

Area Madison/Beaverhead/Jefferson

Direction From Ennis, travel north on US Highway 287. Turn left onto Laura Lane, then right onto Otis Avenue. Continue to the property, which will be on the right.

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Available, Fiber Optic Available, Sewer Available, Water Available

Water Access Desc Public

Building

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Others

Tax ID 0027023326 & 0027023322

Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing

Listing Terms Cash, 1031 Exchange, 3rd Party Financing

Special Listing Condition None

Listed by Charter Realty & Development

Stephen Drabek

+1(406) 312-6014

Stephen Drabek

450 Loomis Way & 420 Sage AVE Ennis, MT 59729

Key Details

Location

Interior

Exterior

Building

Others

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450 Loomis Way & 420 Sage AVE