Elk Basin Ranch

$3,250,000 White Sulphur Springs, MT 2,004± Deeded Acres

Executive Summary

This mountain ranch is a diversified landholding offering hunting, fishing, livestock operation, and modern, quality housing. It includes thousands of acres of owned lands, plus virtually exclusive access to adjoining national forest lands. The wildlife is one of its outstanding assets. Year-round, there are good numbers of elk, mule deer, whitetail deer, black bear, wild turkey and mountain lion. The rainbow and brook trout fishing is notably good and could be even better in miles of year-round streams and a pond. The cattle operation is currently leased to a neighbor. The views are of the ranch’s timbered mountains and the adjoining Big Belt Mountain range. Access is year-round on a good, paved highway, two hours from Montana’s largest airport and 30 minutes from a local town offering basic services including restaurants, banks, motels, and shopping.

Just the Facts

  • 2,004± deeded acres including 889± acres of timber and 85± acres of irrigated creekside hay meadows
  • 3.5 miles of year-round trout fishing stream plus 2.5 miles of Thomas Creek
  • One-half acre Thomas Creek Pond
  • 24 miles northwest of White Sulphur Springs
  • 100 miles northwest of Bozeman and its international airport
  • 5 miles Helena National Forest boundary
  • Large resident elk herd
  • Huntable populations of mule deer, whitetail deer, black bear, and mountain lion
  • 80 cow/cattle operation
  • Two comfortable homes

General Description

Elk Basin Ranch lies in the middle of the Big Belt Mountains, on their eastern slope. The ranch consists of 2,004± acres. The two principal drainages are Benton Gulch and Thomas Creek, which originate just above the ranch and flow through it for many miles to the Smith River. 

 The buildings on the ranch lie in sections 25 and 26. These are heavily timbered portions of the ranch, much of it mature. The ranch adjoins the Helena National Forest for five-plus miles and contains two principal drainages, Benton Creek and Thomas Creek. Benton Creek, a year-round trout fishing stream, flows through the property for three-and-one-half miles. Thomas Creek flows through the ranch for two-and-one-half miles and feeds a half-acre pond, also on the ranch. A valuable and intriguing element of the ranch and this unit is an appendage of land along Thomas Creek, extending into the national forest, to which the ranch owns private title. It is a mile and three-quarters in length and spans both sides of the creek drainage. The national forest lands adjoining the ranch and this Thomas Creek area are an Inventoried Roadless Area. This makes for very good hunting because public access to the national forest is limited, which gives the ranch owner a privacy advantage. On the ranch itself, mature timber and water combine to provide superior elk rut habitat and security. This, along with the national forest land that is adjacent, provides the ranch owner unique access to an area that supports a resident elk herd of 200-300 head. Along Benton Gulch lie the irrigated creekside hay lands. 

Broker's Comments

What the writer loves about this ranch is its peace, beauty, and recreational diversity as well as the comfortable “turn-key” improvements and simple, hands-off operation. Its easily accessible location affords a place to escape to nature. Its viewscapes of timbered hillsides, mountains, creeks, pond, along with passing wildlife, are captivating and satisfying. It’s a place to come and play, or sit and enjoy.

Learn about the locale


Elk Basin Ranch lies 24 miles northwest of White Sulphur Springs and 100 miles northwest of Bozeman and its international airport. Access is year-round on paved State Highway 360 all the way to within two miles of the ranch gate. This drive takes two hours from Montana’s largest airport and 30 minutes from White Sulphur Springs.


White Sulphur Springs lies close to the headwaters of the Smith River. It has historically been primarily a ranching community, but in recent years with the increasing popularity of hunting, fly fishing and river floating, it has become something of a recreational mecca for people embarking on the five-day float through the Smith River Canyon which begins a short drive north of town. The area, in general, also offers both fly fishing and big game hunting and has begun to attract nonresident landowners as well as a growing interest from tourists passing through the area as they look for the most scenic route between Yellowstone and Glacier National Parks. 

There is a strong sense of community in White Sulphur Springs. The town and surrounding ranch owners support a variety of local enterprises like the local hospital, which is critical in a community of this size that is relatively far removed from other major towns. The hospital is designated one of the Top 100 Critical Access Hospitals in the United States, offering a 24/7 emergency room, clinic, acute care as well as both MRI and X-ray services.

The Red Ants Pants Festival, held every summer in a “cow pasture” just outside of town, has featured such notable musicians as Lyle Lovett, Taj Mahal, Merle Haggard, and Emmylou Harris. It is a fun-filled family-style gathering complete with food, camping, and nonstop dancing. It draws people from all over the United States and other parts of the world. The proceeds go to support the Red Ants Pants Foundation, which fosters strength and reliance in women in rural agricultural communities.

Summer fishing and water sports are within 30-90 minutes on three different lakes, including the 26-mile-long Canyon Ferry Reservoir of the Missouri River. Cross-country snow skiing is easily accessible on and from the ranch. In the neighboring Little Belt Mountains, hundreds of miles of snowmobiling roads and trails are available. Downhill skiing is available at the Showdown Ski Area, about a 60-minute drive to the east. To the south, one can also access Bridger Bowl Ski Area in about a 90-minute drive. 

It is fair to say that White Sulphur Springs is generally considered to be an area of large ranches that tend to remain in stable hands over generations. A few have passed into nonresident hands, but they have tended to increase in size and are operated seriously. One of the great benefits of the area is that it is “off the beaten path”, but is rapidly growing in popularity as witnessed by many notable ranch sales over the last ten years. Certainly, its considerable amenities are fast being recognized. 

Learn more about the property

Acreage (Deeded & Leased)

Irrigated crop and hay land .................85± acres

Mountain foothills rangeland..............1,030± acres

Timber lands ...................................... 889± acres

Total Acreage ................................. . 2,004± acres

Deeded Acres: 2,004±
Private Leased Acres:
BLM Leased Acres:
Indian Leased Acres:
Other Leased Acres:
Total Leased Acres:
Total Acres: 2,004±

Additional Information

Development of the Elk Basin Ranch is partially limited by a conservation easement, which encumbers approximately 48% of the deeded land. This restriction generally allows for most normal uses except for subdivision. The building of replacement houses as well as commercial mining and guest ranching are all allowed. Copies of the private agreement is available at the offices of Hall and Hall.


The improvements on the Elk Basin Ranch are accommodating, convenient and in excellent condition for a ranch of this type, without being either “over the top” or insufficient in any way. The homes on the ranch number two, each with three bedrooms and two baths - one newer and modern, the other partially remodeled. The improvements on the ranch are all located in the northern shared corner of Sections 25 and 26. 

The Main House: This is a two-level home of 2,040± square feet of living area, with three bedrooms and two bathrooms. It was originally built in 1997 and then remodeled extensively in 2011 for energy efficiency, simplicity, and beauty. The first floor contains a mudroom, a great room which incorporates the kitchen/dining area, bedroom, bath, and a large office. The lower level has two bedrooms, one bath, a family room, work area, and storage closets.

Details and Finishes: House exterior is rusted metal and Douglas fir, for minimal to no maintenance. The deck is 16’ x 16’, constructed with pressure-treated framing, and composite decking and rails. The roofing is the long-lasting variety of asphalt shingles. Solar panel brackets are present on the garage roof for future installation of solar. The rain gutters are no-seam aluminum. 

The attached two-car garage is insulated, has a welding outlet, and is wired for a backup generator (propane powered) with the propane tank line already run to the outside location for the generator.

Kitchen Area: Cabinets are solid hickory with upgraded hardware and granite countertops. Custom tilework is in the stove area and borders above the granite counters. There is a custom large island with reclaimed bowling alley hard maple working top and cabinets below. There is a large walk-in dry goods storage room on the lower level, along with a large walk-in cedar closet next to it.

Flooring is half-inch red oak, and the bathrooms have Marmoleum, an environmentally healthy product. The first-floor bathroom has a raised toilet, claw-foot tub, extra-large marble tile shower, and marble vanity counter.

Wood trim throughout the house is Heart Pine, which was reclaimed from a warehouse in Chicago, the same source as the large structural beams in the great room/kitchen area.

A central-air handler system allows for management of fresh air throughout the house. The most utilized heat source is a Vermont Soapstone wood stove with a soapstone base, which very efficiently heats the entire house. There is also a backup propane cast iron Jotul stove on the lower level, which can be used when the house is vacant. There is also electric baseboard heat in the lower level bedrooms, and in the upper and lower bathrooms. 

Note: The lower level has a separate entrance as well as entrance from the mudroom. It also has a raised insulated wood floor above the concrete for comfort. The ground level entrance, wide hall, and higher ceiling provide an open feeling not normally found on a lower level. There is an underground lawn sprinkler system.  

The Second House: This log home has 2,145± sq. ft. of living area plus a 1,632± sq. ft. basement. It has three bedrooms, two bathrooms, and a central forced-air oil powered heating system. However, the current owners have preferred to use a wood burning stove and installed a new propane insert in the fireplace as back up. The home was originally built in 1957. Remodeling has taken place since, with most of the windows being updated in 2014 and 2016. The roof is metal. 

The Outbuildings: Two calving barns that are in good condition. They are four-sided pole buildings with metal roofs, wood siding, dirt floors and electricity. Each was built in the 1960s. A detached garage (15’ x 39’) serves as a shop. It is an old log building with a dirt floor and uninsulated. It serves mostly to store tools. The machine shed (29’ x 66’) is made of wood pole frame and a metal roof with wood siding. It was also built in the 1960s. 

Water Resources

There are just under six miles of year-round streams between Benton Gulch and Thomas Creek. A one-half acre pond lies on Thomas Creek.

The ranch owns 16 recorded water rights. The irrigation rights are all out of Benton Gulch. They total 4.25 cubic feet per second of flow, and have priority dating back to 1910. These are for use as surface flow for flood-type irrigation and cover 75-100 acres. The rights for watering livestock number 7 and are from springs, wells, and creeks. 

For domestic, yard and garden, and stock watering near the headquarters there are three wells.


The real property taxes for 2018 for the Elk Basin Ranch are approximately $5,068. 

Learn about the recreational amenities

Fishery Resources

The three-and-one-half miles of Benton Gulch make for good trout fishing. A resident trout population includes brook and rainbow trout usually in the 8 to 14-inch size range. During the month or so of rainbow trout spawn, there are very large fish in the creek migrating up from a nearby reservoir. These include sizes delivered to hand up to 24 inches. As is typical of smaller mountain meadow streams, the existing willows along the creek inhibit back-casting and a serious fisherman would want to thin them to increase fishing access to more to the stream.

There are no fish currently in the Thomas Creek pond, however, it appears to lend itself very well to stocking with trout.

Located 10 minutes from the Elk Basin Ranch is the legendary Smith River. The 60-mile stretch of this river, downstream of Camp Baker, is well known to fly fishermen. This float is one of the most spectacular that Montana has to offer. It is most popular in May and June and again in September and October when there is usually sufficient water in the river to float a boat. During these periods the float traffic is regulated by a permit system administered by the Montana Fish, Wildlife and Parks.

 There are other opportunities upstream of Camp Baker on a stretch of the river that is rarely floated because of the smaller size of the stream and minimal public access. This portion of the river is characterized by big bends, cut banks, shallow riffles, and dark holes. The fish are numerous and the trophy brown trout potential is excellent. Spring and early summer are the best times for the biggest fish, and late summer and early fall hopper fishing can be explosive.

In addition to a plethora of recreational pursuits located close to the property, there are a handful of rivers and creeks to fish within reasonable driving distance. The Shields and Yellowstone rivers are located within 90 minutes of the ranch and are arguably some of the best fly fishing rivers in the state.  

The Missouri River, 90± minutes from the ranch, has the tailwater section of the river below Toston Dam offering world-class fishing for large brown and rainbow trout. For the lake fisherman, Canyon Ferry Lake is 60 minutes from the ranch and offers world-class fishing for a variety of species including walleye, rainbow trout, northern pike, brook trout and Kokanee salmon.

There are many mountain lakes in the nearby national forest. These include a unique group of lakes that overlook the property offering productive trout fishing. Access to them is by 4-wheel drive, horses, biking, or hiking.

Wildlife Resources

Elk Basin Ranch is rich in wildlife resources. It boasts a large herd of resident elk as well as huntable populations of mule deer, whitetail deer, black bear, and mountain lion. There is also a large flock of wild turkey.

Wildlife habitat is diverse. On the ranch itself, the mature timber and water combination provides great elk rut habitat with superior elk security. The ranch contains irrigated creekside haylands, well-located, and also contains all the things that elk need and love - food, cover, and water. Carefully managed with selective cattle grazing practices, and given the varying terrain and habitat, the property feels and hunts much bigger than it appears. As mentioned earlier, a valuable and intriguing element of the ranch is that it has an appendage of land along Thomas Creek to which the ranch owns private title extending into the national forest. It is a mile and three-quarters in length, and spans both sides of the creek drainage. All told, the ranch owns two-and-one-half miles of Thomas Creek and a one-half-acre pond. 

With strategic hunting plans and designated sanctuaries, elk are almost always on the ranch during hunting season. The hunting pressure from neighbors in the area causes the elk to seek refuge on the property. Because of the high elk density in the area, it is possible for one and/or an unlimited number of family members or guests to obtain two elk licenses per hunter per season - one bull/cow tag and one for an additional cow. As of this writing the Hunt District including both of these ranch units also has an extended, so-called Shoulder Season, adding another 6 weeks of cow hunting to an already 11-week archery and rifle season.

A huge benefit of the ranch’s deeded lands is that they adjoin an inventoried roadless area of national forest lands for five miles. This makes public hunting access limited and gives the ranch owner a real advantage in a very good hunting area. This, along with the national forest land that is adjacent, provides the ranch owner unique access to an area that supports a resident elk herd of 200-300 head in addition to the large resident herds of mule and whitetail deer. There is also a high population of black bears with all color phases, as well as good numbers of ruffed and blue grouse on the property. Opportunities for hunting are endless with the combined Elk Basin Ranch and bordering national forest.

The hunting is currently leased to a respected long-time local outfitter who leases this ranch along with several neighboring ranches. His one-year lease reserves two days per week for the ranch owner’s own hunting. His clients are few and selective, so the harvest has been quite light.

Recreational Considerations

Not only does the area offer downhill skiing at either Bridger Bowl or Showdown, but there is always a plethora of outdoor entertainment nearby. Snowmobiling is a favored pastime in the area and a group called the Meagher County Little Belters organize events in the neighboring Little Belt Mountains. Horseback riding, cross-country skiing, snowshoeing, hiking, backpacking, biking, wildlife viewing, or camping – all can be enjoyed on the Elk Basin Ranch or within the neighboring thousands of acres of Helena National Forest. The aforementioned Red Ants Pants Music Festival draws music lovers to the small town of White Sulphur Springs to partake in the well-known festival at the end of July. There is also a Fun Run, Labor Day Rodeo, 4th of July parade, and numerous other community events.  

Learn about the general operations

General Operations

Overall, the Elk Basin Ranch represents a balanced 55 head cow/cattle operation. The current owner leases the ranch operations to a neighboring, multi-generational, respected rancher. This simplified operation involves taking in about 140 pairs June 1st to July 1st, and again September 22nd to mid-December. The irrigated lands have been used for hay production but will be grazed alternatively depending upon the tenant’s other operational considerations. There are currently approximately 85 acres of hand-line sprinkler irrigated ground. The mostly grass stands of hay normally produce one cutting yielding two tons per acre. 

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