TEPEE RIDGE HOMESTEAD
Bozeman, Montana
$11,000,000
97± Acres
INTRODUCTION
Tepee Ridge Homestead is a tranquil mountain retreat in the coveted Bridger Canyon, ideally located midway between Bozeman and Bridger Bowl Ski Area, just a 10-minute drive away. The easily accessible 97± deeded acres encompass lush mountain meadows with breathtaking views of the Bridger and Spanish Peak mountain ranges. The 5,386± square foot Western contemporary main home offers three bedrooms and three bathrooms, thoughtfully designed to live almost entirely on one level. Multiple living and dining areas provide ample room for entertaining or simply unwinding. Just around the drive from the main home, you’ll find a charming 1,441± square foot, two-bedroom, two-bathroom guest house, a greenhouse, an expansive shop, and a toy barn, making this property ideal for relaxation and recreation.
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Tepee Ridge Homestead | Bozeman, Montana
QUICK FACTS
• 97± deeded fenced acres less than 10 minutes from downtown Bozeman
• Stunning 5,386± square foot, 3 bed, 3 bath main home with warm interiors and high-end finishes
• Charming 1,441± square foot, 2 bed, 2 bath guest home
• Greenhouse, shop, and toy barn
• Ideal property for a horse lover or any outdoor recreational enthusiast
• Abundant wildlife located on the property, most notably the elk and deer populations
• Easily accessible for year-round living with roads well-maintained by the HOA
• Incredible views of the Bridger, Bangtail, and Gallatin Mountain Ranges
• 10± minutes to Bridger Bowl Ski Area and Crosscut Mountain Sports Center
• 10± minutes from Bozeman, Montana
• 20± minutes to Bozeman-Yellowstone International Airport
• An hour 20± minutes to Yellowstone National Park
ACREAGE & AGRICULTURE
Tepee Ridge Homestead spans 97± deeded acres, with elevations ranging from 5,360± to 5,600± feet. The expansive homesite with outbuildings is landscaped and includes a dog run. The large, lush meadows are harvested annually and provide a small income for the property or a perfect hay base for anyone wanting to enjoy livestock. The diverse habitat supports a rich variety of wildlife, most notably the elk, frequently traveling across the property. With sweeping vistas of the Bridger and Spanish Peak mountain ranges, the property is safeguarded from substantial development by county regulations within the Bridger Canyon Zoning District. This increasingly valuable protection helps preserve the high quality of life within the Bridger Canyon community.
3 Tepee Ridge Homestead | Bozeman, Montana
IMPROVEMENTS
This extensively updated and well-designed 5,386± square foot Bridger Canyon residence takes full advantage of views of the easterly side of the Bridger Mountain range. The western-contemporary style home, with its abundant outdoor spaces and sun-filled, warm, view-focused interior, offers an exceptional setting for your base camp. High-end finishes make it clear the attention to detail paid to designing this space. A circular driveway takes you to the front entrance of the main home, flanked by two large stacked stone pillars. As you enter the elegant home, take a couple of steps down into the living room, with large windows letting light in and a grand floor-to-ceiling stacked stone fireplace.
www.fayranches.com | 800.238.8616 | info@fayranches.com
Tepee Ridge Homestead | Bozeman, Montana
Just off the living room, you will find the primary suite. This suite includes a private covered bamboo deck, two walk-in closets, and an expansive primary bathroom with a large bathtub, double vanity, and a large walk-in shower.
Reclaimed oak floors lead you across the main floor to a large dining area and the light-filled kitchen with a dining nook looking out into the trees. Elegantly styled, the chef’s kitchen features a large island, stainless steel appliances, and stone countertops. Vaulted ceilings throughout the home open the space up. Rocky Mountain Hardwood doors and cabinets lend to the charm. The kitchen overlooks a second living area with a second floor-to-ceiling stone fireplace flanked by large windows and built-in bookshelves.
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Tepee Ridge Homestead | Bozeman, Montana
Off the second living area, you will find a hall leading to a half bathroom, a second bedroom with an en-suite bathroom, a third bedroom, an office, a laundry room, and an exercise room. The en-suite bathroom attached to the second bedroom includes a double vanity and a large walk-in shower with Bridger Range views. The office and the laundry room include beautiful built-in wood cabinets and stone countertops.
Take the stairs to a lower level, which includes multiple storage spaces and a multi-purpose/game room. Off the rear of the home, you will find a large stone patio with mountain views that allow for effortless indoor-outdoor living. Take in the breathtaking panoramas of the Bridger Mountain Range and the sounds of bugling elk. Rounding out the home, the three-car heated garage provides plenty of room for your toys. A security system and entrance gate ensure your privacy.
9 Tepee Ridge Homestead | Bozeman, Montana
Tepee Ridge Homestead | Bozeman, Montana
GUEST HOME
A charming two-bedroom, two-bathroom, 1,441± square foot guest home is conveniently located near the main home and includes a two-car heated garage. Upon entering, you are greeted with a floor-to-ceiling stone fireplace, adding warmth and coziness to the living area. The open floor plan flows seamlessly into the dining area, boasting expansive windows and a kitchen with elegant stone countertops and rich wood cabinets. From the kitchen, you can admire views of the Bridger Range. A stone patio off the dining area provides the perfect setting for outdoor dining on warm summer evenings. A well-appointed laundry room, two bright and airy bedrooms, and two bathrooms offer ample space and privacy, ensuring guests feel right at home.
www.fayranches.com | 800.238.8616 | info@fayranches.com
Tepee Ridge Homestead | Bozeman, Montana
Around the circular driveway from the main and guest homes, you will find a greenhouse, a 50’ x 34’ shop, and a 50’ x 48’ RV/toy barn. The shop includes an oversized garage door and lots of space for tinkering.
www.fayranches.com | 800.238.8616 | info@fayranches.com
Tepee Ridge Homestead | Bozeman, Montana
RECREATION
WILDLIFE
Tepee Ridge Homestead sits in the heart of one of the busiest travel corridors for the growing Bridger Range elk herd. Bridger Canyon is known for its exceptional elk and trophy whitetail deer, and this property is no exception, offering a premier habitat for both species. Generally, 10-15 elk calves are on the property each spring. The property also serves as a haven for raptors and songbirds. Sandhill cranes migrate to this area each spring to raise their young, a sight to behold every summer. The surrounding area provides upland bird hunters excellent opportunities to pursue pheasants, Hungarian partridge, and grouse. The ranch is within a short distance of Yellowstone National Park and the Gallatin National Forest, two of the nation’s premier habitats for protected species like grizzly bears, lynx, wolverines, and wolves.
FISHING
The Madison, Yellowstone, and Gallatin Rivers, 30± minutes to an hour from Tepee Ridge Homestead, are known for their dry fly fishing. From blue-winged olives and midges in the spring, the salmon fly hatch in June, mayflies, caddis, hoppers, and terrestrials in the summer, and back to blue-winged olives and midges in the fall and winter, the time is always right for fishing in the Bozeman area. Throw in some of the best streamer fishing in the state and great nymph fishing throughout the year, and you’ve got a variety of rivers that can provide a lifetime of entertainment. Rainbow and brown trout in these rivers can exceed 24”. Over the hill in Paradise Valley along the Yellowstone River, the Depuy, Armstrong, and Nelson Spring Creeks attract avid anglers. These “pay to play” spring creeks are natural wonders emerging from the ground with a large volume of nutrient-rich water providing an enormous amount of aquatic life, including an abundance of wild trout. Fishing conditions on these creeks are often excellent, even in winter.
OTHER RECREATION
Bridger Bowl Ski Area is 10± minutes north of the property. Tickets are affordable, people are friendly, and the skiing is fantastic. Crosscut Ranch Mountain Sports Center is just north of Bridger Bowl Ski Area. Crosscut provides 45 kilometers of groomed classic Nordic skiing trails and offers instructions for all classic and skate skiing levels. In the summer, the trails are maintained for mountain biking. Tepee Ridge Homestead and the surrounding area boast endless recreation opportunities like cross-country skiing, sledding, hunting, fishing, and wildlife watching, to name a few.
Not taken on property
Not taken on property
LOCATION
This property is a rare offering in Bridger Canyon, an area that sits in a dramatic mountain setting at the base of the Bridger Mountains. Bridger Canyon is a highly sought-after area because of the picturesque mountain setting, convenience to Bozeman, zoning protections from future development, and a wide assortment of nearby recreation. Bridger Canyon was also the first zoning district created around Bozeman in 1971, which reflects an early appreciation for the area and the residents’ desire to preserve its natural beauty. Bridger Canyon’s privacy, sheer beauty, access to Bridger Bowl Ski Area and Bozeman, prolific wildlife, fishing on Bridger Creek, and nearby public land make this a top place to live. Bozeman (population 58,000±), about 10 minutes south of the property, is one of Montana’s major tourism and agricultural centers and one of the Rocky Mountain West’s most diverse small towns. Established in 1893, Montana State University’s campus houses the Museum of the Rockies. Downtown Bozeman has been a gateway to the West for over 100 years. Today, downtown features rows of turn-of-the-century buildings. Art and culture are alive and well in Bozeman. It is home to many museums, talented artists, and excellent galleries.
Bozeman, Montana
GETTING THERE
Bozeman-Yellowstone International Airport is southwest Montana’s transportation hub and is less than a half hour from the property. Numerous daily flights from Delta, United, American, Alaska, Allegiant, Avelo, Frontier, Jet Blue, Southwest, Sun Country, and Jet Suite service it. The airport also caters to corporate and private aircraft and provides hangar rentals.
19 Tepee Ridge Homestead | Bozeman, Montana
MINERAL 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.
CONSERVATION | STEWARDSHIP
This property is not under conservation easement.
Each of us at Fay 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 has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay 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. 20
www.fayranches.com | 800.238.8616 | info@fayranches.com
WATER RIGHTS
Montana waters, in all their varied forms and locations, belong to the State for the benefit of its people. A water right is the right to use the water within state-established guidelines, and not any ownership of the water itself. Since water rights in Montana are guided by the prior appropriation doctrine, a person’s right to use a specific quantity of water depends on when the use of water began, establishing the relative priority date of use on the water source. The first person to use water from a source established the first right, the second person could establish a right to the water that was left, and so on. Additionally, water users are limited to the amount of water that can be beneficially used. Beneficial use includes, but is not limited to, agricultural, recreational, fish, wildlife and domestic purposes.
Montana is currently conducting a statewide adjudication of all water rights with priority dates prior to July 1, 1973. The statewide adjudication is a court process that prioritizes and quantifies all existing water rights in each Montana drainage basin. With 85 basins in Montana, and over 219,000 water right claims, the statewide adjudication is a massive undertaking that is expected to stretch well into the future. Until the adjudication process is complete, the status of any particular water right claim cannot be guaranteed. Fay Ranches, Inc., its brokers and salespersons do not warrant or make any representation concerning the quantity or quality of any water rights, nor any legal entitlement to use of water rights, permits to appropriate water, exempt existing rights, determination of existing water rights, nor any ditches, ditch rights, or ditch easements appurtenant to or constituting a burden on the property. Water rights claims appurtenant to the property may or may not have been fully or finally adjudicated, and any Buyer is advised to make any offer to purchase contingent upon and subject to such independent inspections, evaluations, and advice concerning the water rights and adjudication process as a Buyer might deem prudent. All Buyers should be aware that Fay Ranches, Inc., its brokers and salespersons involved in this offering have not conducted an expert inspection or analysis of the water rights for this property.
21 Tepee Ridge Homestead | Bozeman, Montana
SUMMARY
Tepee Ridge Homestead in Bridger Canyon boasts a custom-built home and guest home with warm interiors and lots of space to spread out. The newly updated improvements on the interior are outstanding, showing artistic form, quality workmanship, and functional design. Surrounded by exceptional views, the property consists of 97± deeded acres. Less than a 10± minute drive from the property, you could be strolling along Main Street in historic downtown Bozeman, skiing at Bridger Bowl Ski Area, or hiking/biking on many public land trails nearby.
Tepee Ridge Homestead | Bozeman, Montana
Please contact Vinny Delgado at (406) 253-0507 | vdelgado@fayranches.com or Lisa Collins at (406) 580-2694 | lisacollinsmt@gmail.com to schedule a showing. This is a co-listing. An agent from Fay Ranches, Inc. or Berkshire Hathaway 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.
$11,000,000 Cash
Conventional Financing 1031 Exchange
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.
Bridger Bowl Ski Area
RELATIONSHIPS 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 the 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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