J LAZY J RANCH
Red Lodge, Montana $9,300,000 1,465± Acres
INTRODUCTION Red Lodge Creek runs through J Lazy J Ranch for about a mile, and the ranch controls access to a second mile beyond it, across 520± acres of landlocked state land on the property’s edge. Only one neighboring property shares that access. That’s two miles of blue-ribbon trout water, brown, rainbow, and brook trout plus mountain whitefish, with almost none of the pressure you’d find on public stretches. The ranch runs on 1,465± deeded acres at the base of the Beartooth Mountains, 15± minutes from Red Lodge. Multiple ditches, wells, and reservoirs keep 145± irrigated acres in hay and water livestock and wildlife across the property without competing for the same source. The ground has supported 120 cow-calf pairs year-round and produces roughly 300 tons of hay annually, enough to carry the herd through winter and graze the rest of the property the remainder of the year. This is working ground, not a backdrop. Elk return to the same secluded meadows and timbered coulees every spring to calve. Mule deer hold in the hills and draws year-round. Pheasants, ducks, wild turkeys, and whitetail work the creek bottom, and bald and golden eagles hunt the corridor above it. Few ranches this productive also carry this much sustained wildlife traffic. A newly built rustic-modern headquarters anchors the property, with a separate manager’s residence or guest house for family, staff, or guests. Down at the creek, a private barbecue and picnic area sits above a natural swimming hole, the kind of spot you end every day at, regardless of whether you spent it fishing, riding, or working cattle. Production ground, sporting ground, and two miles of water that’s effectively yours alone: this combination is getting harder to find anywhere in Montana.
J Lazy J Ranch | Red Lodge, Montana
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QUICK FACTS •
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1,465± deeded and 80± acre state land lease, 5 separate cross-fenced pastures with a lot of new fencing done (all pastures have their own water source) 3,700± SF home with 1,000± SF attached garage, and a second 2-bed 1-bath house Barn with an indoor squeeze chute and cattle handling area, 2 shops 1± miles of deeded Red Lodge Creek frontage (both sides) Landlocked (with one neighbor) 520± acre State Land with an additional mile of Red Lodge Creek, of which 80± acres are fenced into the ranch and leased by the seller 5 reservoirs (one with potential for stocking fish) 10± minutes to Cooney Reservoir Excellent fly-fishing opportunities on Red Lodge Creek Big game hunting for mule deer, whitetail deer, and elk Upland bird hunting for pheasant, Hungarian partridge, and sharp-tailed grouse 15± minutes to Red Lodge, Montana 60± minutes to Billings, Montana
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J Lazy J Ranch | Red Lodge, Montana
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ACREAGE • • • •
1,465± deeded acres 80± leased acres 520± acres of adjacent state land 1,985± acres of total access
J Lazy J Ranch covers 1,465± deeded acres of classic Montana country along Red Lodge Creek, 15± minutes from Red Lodge and about an hour from Billings. Five crossfenced pastures, 145± irrigated acres, and 5 reservoirs make this working ground, not just scenery, while nearly a mile of creek frontage and a tie-in to 520± acres of landlocked State Land extend both the grazing base and the hunting and fishing well beyond the deeded acres. Strong big-game and upland bird numbers, plus quality fly-fishing, round out a property built to produce and to be used hard, year-round.
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J Lazy J Ranch | Red Lodge, Montana
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SCENIC VISTAS Ranging in elevation from 4,540 to 5,040 feet, panoramic views of the entire Beartooth front are available from the top of the grass hills of the property, and views of Red Lodge Creek plateau and other peaks are available from the back porch.
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IMPROVEMENTS The Main House A 3,700± square foot 3-bedroom home built to outperform Montana winters and outlast trends. Insulated slab-on-grade construction, ICF stem walls, 2” x 6” framing with continuous exterior insulation, and a spray-foam insulated attic deliver Passive House-level air sealing, so heating costs stay low even when the Beartooths are buried. Marvin triple-pane windows and ProVia triple-pane doors hold that performance at every opening. A standing-seam metal roof and Corten steel siding mean decades before anything needs replacing. Comfort & Utilities Three-zone hydronic radiant floor heat and dual-heat-recovery ventilation keep the home comfortable in every season without overworking the system. An 80-gallon heat pump water heater and whole-house reverse osmosis filtration mean clean, ready hot water on demand. Two buried 1,000-gallon propane tanks, a 1,000± square foot attached garage with propane service, and a covered patio extend the same comfort outdoors. 200-amp service includes a 50-amp hookup ready for a future spa, and full RV hookups (power, water, septic, propane) mean guests or staff can park and stay self-sufficient. 8
Interior Finishes Custom Crestwood inset cabinetry, matching alder trim, and 10-foot ceilings give the home the scale and craftsmanship of a custom build, not a spec house. Large-format porcelain tile and Dekton countertops hold up to ranch life without showing it. A Blaze King wood stove with a custom stone surround anchors the main living space. Kitchen Built for entertaining a full table of family or clients, the kitchen centers on a 14-foot Dekton waterfall island. Miele induction and Bosch appliances handle daily cooking, while a separate butler’s pantry, prep kitchen, and wet bar with commercialgrade TRUE freezer drawers mean hosting never crowds the main kitchen. Bathrooms Two full baths and a powder room are finished with fully tiled walk-in showers, freestanding soaking tubs, and Brizo and Kingston Brass fixtures, the kind of finishes you’d expect in a mountain town spa, not a ranch house.
www.fayranches.com | 800.238.8616 | info@fayranches.com
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Second Residence A remodeled two-bedroom, one-bath guest or manager’s house sits separate from the main home, giving staff, extended family, or guests their own space without sacrificing privacy on either side.
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Shops & Cattle Facilities Two equipment shops (40’ x 50’ and 55’ x 35’) keep machinery and gear under cover year-round. A 36’ x 30’ cattle-handling barn with working pens, panels, and a squeeze chute means that working cattle here doesn’t require building anything else first.
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J Lazy J Ranch | Red Lodge, Montana
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RECREATION J Lazy J Ranch offers an authentic Montana lifestyle centered on the enjoyment of the land. From flyfishing Red Lodge Creek and horseback riding through open pastures to hiking, ATV exploration, and wildlife photography, the ranch offers endless opportunities to experience the outdoors in every season. A private creekside swimming hole and picnic area create the perfect setting for relaxing with family and friends after a day afield. Located just 15± minutes from Red Lodge, owners enjoy convenient access to skiing, golf, dining, and the renowned Beartooth Highway, with Yellowstone National Park and the Custer Gallatin National Forest nearby. Whether as a working ranch, private retreat, or legacy property, J Lazy J Ranch offers the rare opportunity to enjoy the best of Montana’s ranching heritage and outdoor recreation.
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HUNTING | WILDLIFE The 1,465± acre J Lazy J Ranch offers a well-rounded and highly desirable hunting experience, supported by strong habitat, diverse terrain, and reliable wildlife use throughout the year. The ranch sits in a natural travel corridor for elk, whitetail deer, and mule deer, providing opportunities for both archery and rifle seasons. Cow elk regularly calve on the ranch in spring, taking advantage of its quiet cover and abundant forage, and bulls move in during the fall rut, creating exciting big game potential right out the back door. For upland hunters, the ranch supports healthy populations of pheasant, Hungarian partridge, and sharptailed grouse, thanks to a mix of grasslands, creek bottom, and agricultural edges that offer ideal nesting and feeding habitat. Waterfowl hunters will appreciate the variety of opportunities as well. Red Lodge Creek, along with the ranch’s reservoirs and wetlands, attracts ducks and geese during the fall migrations, offering productive shoots in a peaceful, scenic setting. With its combination of big game, upland birds, and waterfowl, the J Lazy J Ranch delivers a complete Montana hunting experience, one that families, guests, and sportsmen can enjoy season after season.
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FISHING The J Lazy J Ranch offers exceptional creek-side fishing with nearly one mile of Red Lodge Creek flowing through the property, plus an additional 0.75± miles on the adjoining landlocked state parcel shared only with one neighboring landowner. This lightly pressured stretch offers a peaceful setting for casting to rainbow and brown trout, brook trout, and mountain whitefish in clear, cold, mountain-fed water. With a mix of riffles, pools, and shaded banks, the creek delivers a classic Montana angling experience, perfect for quiet mornings, family outings, or simply enjoying the rhythm of a beautiful stream.
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OTHER RECREATION Just a short drive from the J Lazy J Ranch, Cooney Reservoir offers one of south central Montana’s most popular yearround recreation areas. Its wide-open waters and big-sky views make it ideal for boating, water skiing, paddleboarding, and summer family outings. Anglers enjoy productive fishing for walleye, trout, perch, and burbot (ling), with strong action from spring through late fall. The surrounding hills and shoreline provide space for hiking, wildlife viewing, and picnicking, while winter brings opportunities for ice fishing, especially for ling when conditions allow. Whether it’s a quick afternoon on the water or a full day of boating and fishing, Cooney adds a versatile and easily accessible recreational amenity to life at the J Lazy J Ranch.
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INCOME OPPORTUNIT Y The 1,465± acre J Lazy J Ranch offers strong agricultural income potential supported by its yearround carrying capacity of approximately 120 cow– calf pairs. Productive irrigated ground and reliable water contribute to an average annual yield of about 300 tons of hay, providing both winter feed security and potential marketable surplus depending on management goals. Combined with efficient grazing rotations and the ranch’s well-balanced mix of pasture, meadows, and water resources, the J Lazy J can operate as a stable, self-sustaining livestock operation with opportunities to enhance returns through strategic herd management and hay marketing.
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AREA HISTORY Red Lodge started out in the previous century as a mining town, primarily for coal, and eventually evolved into a cowboy and ranching community, still celebrated by the historic and popular Red Lodge Rodeo during the 4th of July holidays. Today, the “most charming small town in America” (Forbes- 8/7, 2024) is a vibrant mountain resort town. A ski resort in the winter and the gateway to Yellowstone Park via the spectacular Beartooth Highway in summer.
Red Lodge, Montana
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NEARBY AT TR ACTION S & ACTIVITIES
Red Lodge Ski Map
Located just 20± minutes from J Lazy J Ranch, Red Lodge Mountain is one of Montana’s premier four-season recreation destinations. Winter offers over 1,600 acres of skiable terrain with exceptional skiing and snowboarding, while summer brings scenic chairlift rides, hiking, mountain biking, and a variety of outdoor events. In recent years, the mountain has also hosted the Total Archery Challenge, drawing thousands of archery enthusiasts from across the country to compete on its challenging mountain courses. Whether enjoying fresh powder, testing your skills on the archery range, or taking in panoramic views of the Beartooth Mountains, Red Lodge Mountain provides year-round adventure just minutes from the ranch, further enhancing the property’s exceptional recreational appeal.
Photo not taken on property
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LOCATION
GET TING THERE
J Lazy J Ranch is located just minutes from Red Lodge, Montana, a historic mountain town at the base of the Beartooth Mountains. Known for its authentic Western character, the town offers a vibrant downtown with locally owned shops, restaurants, galleries, and a strong sense of community rooted in ranching and mining heritage. Red Lodge also serves as a year-round recreation hub, with Red Lodge Mountain ski area nearby and direct access to the Beartooth Highway, one of the most scenic drives in North America. Despite its amenities, the town maintains a quiet, smalltown atmosphere, offering a rare balance of convenience and mountain-town charm just outside the ranch gate.
Depart Billings Head southwest on I-90 West toward Laurel. Take Exit 434 (Laurel/Red Lodge). Merge onto US 212 South toward Red Lodge. Continue past Joliet. Stay on US 212 as you pass through Joliet. Turn right onto US 78. Before reaching Red Lodge, turn right onto US 78 toward Roscoe/Absarokee. Turn right onto Red Lodge Creek Road. Watch for the signed turn and take a right onto Red Lodge Creek Road. This is the key turn that leads directly toward the ranch. Arrive at the J Lazy J Ranch. Follow Red Lodge Creek Road until you reach the ranch.
AIRPORT SERVICES J Lazy J Ranch sits within reach of three regional airports, each with FBO service, so private and charter flights in are as straightforward as commercial. • Yellowstone Regional Airport (Cody, WY) — 1± hour, FBO available • Billings Logan International Airport (Billings, MT) — 1± hour, FBO available • Bozeman Yellowstone International Airport (Bozeman, MT) — 2.25± hours, FBO available
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WATER SOURCES Multiple ditches, wells, and reservoirs supply ample water for livestock, wildlife, and improvements.
MINER AL RIGHTS All mineral rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Mineral rights are not guaranteed. It is suggested that the buyer conduct a mineral search with a title company.
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CON SERVATION | STEWARDSHIP Each of us at Fay Ranches loves the land and wants to see it remain a productive agricultural ground and a quality fish and wildlife habitat. Through promoting thoughtful land stewardship, Fay Ranches has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay Ranches is proud to say that since our company began in 1992, our clients’ conservation ethics and land-use practices have significantly enhanced our work landscape. J Lazy J Ranch | Red Lodge, Montana
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SUMMARY Some ranches feel built. The J Lazy J feels earned. Set along nearly a mile of Red Lodge Creek beneath the Beartooths, this is working ground: hay meadows, creek bottom, and open pasture that’s been lived with, not just owned. Red Lodge Creek runs cold and clear through the heart of it, carrying wildlife, irrigation, and a kind of peace you can’t manufacture. Out the doorsteps blue-ribbon fishing and horseback country that runs to the horizon, this is a ranch for someone who wants room to work and mountains close enough to feel like neighbors.
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CONTACT PRICE
Please contact Dane Reed at (406) 425-0939 | dreed@fayranches. com to schedule a showing. This is an exclusive listing. An agent from Fay Ranches, Inc. must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties we have listed, please visit our web page at www.fayranches.com.
$9,300,000
TA XES $7,693
TERMS Cash Conventional Financing 1031 Exchange
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NOTICE Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.
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REL ATION SHIPS IN REAL ESTATE As required by Montana law, a broker or salesperson shall disclose the existence and nature of relevant agency or other relationships to the parties to a real estate transaction. The various relationships and description of duties are as follows: 1. SELLER AGENT A “Seller Agent” is obligated to the Seller to: Act solely in the best interests of the seller; Obey promptly and efficiently all lawful instructions of the seller; Disclose all relevant and material information that concerns the real estate transaction and that is known to the seller agent and not known or discoverable by the seller unless the information is subject to confidentiality arising from a prior or existing agency relationship on the part of the seller agent; Safeguard the seller’s confidences; Exercise reasonable care, skill, and diligence in pursuing the seller’s objectives and in complying with the terms established in the listing agreement; Fully account to the seller for any funds or property of the seller that comes into the seller agent’s possession; and Comply with all applicable federal and state laws, rules, and regulations. Montana law permits a real estate agent, after providing written disclosure to a seller and obtaining a seller’s written consent, to represent multiple sellers of property and to list properties for sale that may compete with the seller’s property, without breaching any obligation to the seller. A “Seller Agent” is obligated to the Buyer to: Disclose to a buyer or the buyer agent any adverse material facts that concern the property and that are known to the seller agent, except that the seller agent is not required to inspect the property or verify any statements made by the seller; Disclose to a buyer or the buyer agent when the seller agent has no personal knowledge of the veracity of information regarding adverse material facts that concern the property; Act in good faith with a buyer and a buyer agent; and Comply with all applicable federal and state laws, rules, and regulations. 2. BUYER AGENT (cont) A “Buyer Agent” is obligated to the Seller to: Disclose any adverse material facts that are known to the buyer agent and that concern the ability of the buyer to perform on any purchase offer; Disclose to the seller or the seller agent when the buyer agent has no personal knowledge of the veracity of information regarding adverse material facts that concern the property; Act in good faith with a seller and a seller agent; and Comply with all applicable federal and state laws, rules and regulations. 3. DUAL AGENCY
If a seller agent is also representing a buyer, or a buyer agent is also representing a seller with regard to a property,
then a dual agency relationship may be established. In a dual agency relationship, the dual agent is equally obligated to both the seller and the buyer. These obligations may prohibit the dual agent from advocating exclusively on behalf of the seller or buyer and may limit the depth and degree of representation that you receive. A broker or a salesperson may not act as a dual agent without the signed, written consent of both the seller and the buyer. A “Dual Agent” is obligated to a Seller in the same manner as a seller agent and is obligated to a Buyer in the same manner as a buyer
agent, except a dual agent: Has a duty to disclose to a buyer or seller any adverse material facts that are known to the dual agent regardless of any confidentiality considerations; and May not disclose the following information without the written consent of the person to whom t h e information is confidential; The fact that the buyer is willing to pay more than the offered purchase price; The fact that the seller is willing to accept less than the purchase price that the seller is asking for the property; Factors motivating either party to buy or sell; and Any information that a party indicates in writing to the dual agent is to be kept confidential. 4. STATUTORY BROKER A “Statutory Broker” is not the agent of the Buyer or Seller but nevertheless is obligated to them to: Disclose to: i. a buyer or buyer agent any adverse material facts that concern the property and that are known to the statutory broker, except that the statutory broker is not required to inspect the property or verify any statements made by the seller; and ii. a seller or a seller agent any adverse material facts that are known to the statutory broker and that concern the ability of the buyer to perform on any purchase offer; Exercise reasonable care, skill, and diligence in putting together a real estate transaction, and Comply with all applicable federal and state laws, rules and regulations. 5. IN-HOUSE SELLER AGENT DESIGNATE
Created when the agency holds both the listing on a property from the seller and a
buyer broker agreement with the buyer, an in-house seller agent designate is a broker or salesperson employed by or associated as an independent contractor with a broker and designated by the broker as the exclusive agent for a seller for a designated transaction and who may not be considered to be acting for other than the seller with respect to the designated transaction. 6. IN-HOUSE BUYER AGENT DESIGNATE
Created when the agency holds both the listing on a property from the seller and a
buyer broker agreement with the buyer, an in-house buyer agent designate is a broker or salesperson employed by or associated as an independent contractor with a broker and designated by the broker as the exclusive agent for a buyer for a designated transaction and who may not be considered to be acting for other than the buyer with respect to the designated transaction. BUYER AGENT A “Buyer Agent” is obligated to the Buyer to: Act solely in the best interests of the buyer; Obey promptly and efficiently all lawful instructions of the buyer; Disclose all relevant and material information that concerns the real estate transaction and that is known to the buyer agent and not known or discoverable by the buyer, unless the information is subject to confidentiality arising from a prior or existing agency relationship
on the part of the buyer agent; Safeguard the buyer’s confidences; Exercise reasonable care, skill, and
diligence in pursuing the buyer’s objectives and in complying with the terms established in the listing agreement; Fully account to the buyer for any funds or property of the buyer that comes into the buyer agent’s possession; and Comply with all applicable federal and state laws, rules and regulations. Montana law permits a real estate agent, after providing written disclosure to a buyer and obtaining a buyer’s written consent, to represent multiple buyers interested in buying the same property or similar properties to properties in which a buyer is interested and to show properties in which a buyer is interested to other prospective buyers, without breaching any obligation to the buyer.
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