For Sale

Keggy Coulee Ranch

$5,900,000 Melstone, MT 5,757± Deeded Acres

Executive Summary

Located less than eight miles north of Melstone along two miles of Musselshell River bottoms, this highly productive 5,700± deeded acre ranch features around 3,200 acres of high quality improved pasture and 225± acres of irrigated land plus 2,300± acres of State, BLM and private lease making this appealing 8,000± acre ranch a well-balanced 500 animal unit operation. Wildlife is prolific with trophy quality whitetail deer, mule deer, antelope and a full cross section of upland birds. Improvements include an attractive main residence and a solid set of corrals and outbuildings. Keggy Coulee Ranch represents that coveted combination of agriculture and hunting and is less than 85 miles from Billings.

Just the Facts

  • Location: 8 miles north of Melstone and 85 miles east of Billings.
  • Acreage: 8,000± total with 5,700± deeded includes 3,200± improved pasture and 255± irrigated.
  • Improvements: Comfortable home and complete set of outbuildings and cattle facilities. 
  • Water: 2 miles of Musselshell River with irrigation rights, plus good stock water throughout the ranch. 
  • Wildlife: Trophy quality whitetail deer, mule deer, antelope and excellent upland bird hunting. 
  • Operation: A well balanced 500 Animal Unit operating ranch. 
  • Terrain: Rolling to flat upland grazing with coulees and good protection along the river. 
  • Summary: Excellent operating ranch with good recreational amenities that is easily accessible from Billings. 

General Description

The Keggy Coulee Ranch improvements are all accessed from the Musselshell River Road, although the ranch can be accessed off multiple gravel roads and a paved highway. The ranch has good legal and physical access with numerous two-track roads and trails providing access throughout the interior of the property. The bulk of the ranch is open and rolling and is planted in dryland alfalfa, varieties of wheatgrass and fescue. The hay ground which is sloping to level is irrigated by a pivot and gated pipe and located primarily along the Musselshell River, which travels from south to north. The river bottom pasture is thick with trees and brush which adds to the recreational appeal of the ranch. There are smaller drainages throughout the ranch providing water for livestock and wildlife in small ponds. In addition, there are springs, wells, and access to the river for additional livestock water. 

Broker's Comments

The Keggy Coulee Ranch feels like an eastern Montana ranch with horizon to horizon views and no rooftops. The ranch is a fully functional cow-calf operation coupled with being a refuge for upland birds, deer, antelope and waterfowl. It has the ability to produce crops and run livestock which offers critical diversity. Keggy Coulee will be of interest to cattle operators and sportsman alike. 

Learn about the locale


The Keggy Coulee Ranch is located 7.75 miles northeast of Melstone by driving east on Highway 12 for 4.25 miles where one goes north onto Musselshell River Road , a county gravel road. The ranch’s southern border is 3.5 miles north. Forsyth, the county seat of Rosebud County, is approximately 65 miles from the ranch. Here you will find the majority of the services required for the area. These services include limited medical services, grocery stores, restaurants, banks and a paved and lighted airport. Billings is less than a one and a half hour drive to the southwest. It offers extensive amenities and services including the region’s largest medical center and the finest commercial airport in the state. 


The Keggy Coulee Ranch is located in both Musselshell and Rosebud Counties.  The nearest community, Melstone was established in 1908 as a base for operating crews on the Chicago, Milwaukee, St. Paul and Pacific Railroad, then under construction in Montana. Although the railroad was abandoned in 1980, Melstone survives as a community center for farmers and ranchers in the lower Musselshell River valley. There is a K-12 school with a staff of 16. In 2006, Melstone made history by winning the State Boys Basketball Championship, being the smallest school ever to win. Roundup, 33 miles east of Melstone, has a small elevator, grocery stores, drug store, several clothing and general merchandise stores, machinery and automobile dealers. It also offers a hospital and nursing home, dentist, several churches and the USDA offices.

The area consists of medium to large range livestock ranches with less than one percent of the land in the county being irrigated farm ground, which is typically found along the Musselshell River. The vast rangeland is rolling with scattered sagebrush cover and native grasses. The demand for ranches from recreation/investment buyers outside of Montana has increased over the last three to four years, but locally based agriculture continues to play the major role in the area economics. Aside from agriculture, oil and gas production has become a major income source for Southeastern Montana.


Climate in the area is mid-continental, which is characterized by moderately low rain fall and temperatures that can be extreme during both summer and winter. The average high in August is 85 degrees and the average high in December is 35 degrees. Annual precipitation is approximately 15 inches with nearly 10 inches falling between April 1 and September 15. There are over 200 days of sunshine and the frost-free period is typically 129 days.

Learn more about the property

Acreage (Deeded & Leased)

Deeded Acres: 5,757±
State Leased Acres: 1,920±
Private Leased Acres: 320±
BLM Leased Acres: 80±
Total Leased Acres: 2,320±
Total Acres: 8,077±


Headquarter Improvements

Main House

Gross Living Area: 3,083± sq. ft 

Main level: 1,760± sq. ft.

Half-story: 567± sq.ft.

Basement: 765± sq. ft.

Attached Garage: 992± sq. ft.

The main house is a split-level four bedroom, two and a half bath residence with a finished basement. The house is equipped with central heating and air conditioning, septic and well.

Guest House

Gross Living Area: 832± sq. ft.

Main level: 832± sq. ft.

Basement: 832± sq. ft. (unfinished)

The guest house is a three bedroom, one bathroom residence with an unfinished basement. The house has central heating and air-conditioning along with a well and septic.

Shop/Storage Building

Gross Building Area: 3,040± sq. ft.

Shop Area: 2,280± sq. ft.

Storage: 760± sq. ft.

The building is a wood frame structure with a metal panel exterior and roof. The shop portion has a slab foundation with unfinished concrete floors, while the stalls/storage area is on concrete footers and a packed dirt floor.


Gross Building Area: 1,080± sq. ft.

Loft Area: 1,080± sq. ft.

The barn is a frame structure on a concrete foundation, with painted wood siding and metal roof. The structure contains livestock working chute area, storage area and upstairs loft storage area.

Secondary Headquarters Improvements

Main House

Gross Living Area: 3,600± sq. ft.

The house built in 1987 is five bedrooms, three full baths, and one half bath on a concrete foundation. The house has experienced water damage but otherwise is in good condition. Steps can be made to mitigate the high water due to the irrigation ditch. 

Second house

Gross Living Area: 2,252± sq. ft.

Main floor: 1,160± sq. ft.

Daylight basement: 1,092± sq. ft.

The house is two bedroom two bath wood frame constructed house.


Gross Building Area: 2,400± sq. ft.

The barn is a pole constructed building with a metal covered roof and sides. There is electricity, concrete floor and horse pens.


Gross Building Area: 3,200± sq. ft.

The shop is frame construction, metal covered roof and sides, vertical sliding door, entry door, heat and electricity.

Airplane Hangar

Gross Building Area: 3,956± sq. ft.

The hangar is steel construction, metal covered roof and sides, oversized vertical sliding door and electricity.

Livestock Building

Gross Building Area: 14,000± sq. ft.

The building is pole construction, metal covered roof and sides, electricity, livestock chute and alleyway, partial concrete floor for working area, bathroom, office, two horizontal sliding doors, entry door all in good condition.

Airplane Runway

Gross Length: 3,300± ft.

The Runway is useable, but the pavement has deteriorated and should be repaved. Runway lights are in place and wired but unknown if in working condition.

Various machine and livestock sheds are on premise. Corrals and fences in overall good condition.

Water Resources

Livestock water is provided by springs, wells, ponds and the Musselshell River. Water at the farmsteads are provided by wells. Irrigation water is provided by the Delphia-Melstone canal. There are 50 shares associated with the property and each share is equal to one acre-foot with the cost per share for 2018 being $35.00. A copy of the water rights filed with the Montana Department of Natural Resources for this property are available through this office on request.


Annual taxes are estimated at $9,158 based upon past years. 

Learn about the recreational amenities

Wildlife Resources

Keggy Coulee Ranch offers excellent opportunities for wildlife watching and hunting. A variety of wildlife utilizes the ranch throughout the year. Antelope and deer can routinely be found grazing under the pivot or out in the rolling native range. Bird hunting is excellent with a healthy population of pheasant, sharp-tailed grouse, ducks and geese. The ranch is home to numerous songbirds, raptors and predators creating a timeless reminder of what the original homesteaders found in these hills a century ago.

Keggy Coulee Ranch is a great horseback ranch. If you wish to be a “cowboy” and ride in big rolling country, this ranch will grant that wish.

Learn about the general operations

General Operations

The Keggy Coulee Ranch has been historically operated as grazing land for livestock and irrigated cropland. The rangeland is rolling and open and has recently been broken out and being used as dry hay land and pasture. In 2018 the ranch put up over 4,000 tons of hay of which they fed 900 ton to their 506 cows and custom fed 1,400 ton to 840 cows at @ $1.50 per day from December 15 to May 1. The ranch sold 500 ton and held over approximately 1,200 ton. Income from custom feeding was approximately $166,000.

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