Peregrine Ranch

$4,200,000 Lakeview, MT 400± Deeded Acres

James H. Taylor

Director, Real Estate Partner | Read Bio
Billings, MT Questions about this property? Ask Jim (406) 656-7500

Montana Brokerage Disclosure

Overview

Executive Summary

Peregrine Ranch consists of 400± deeded acres in the Alaska Basin of the renowned Centennial Valley. The Alaska Basin is the eastern extremity of the Centennial Valley at the furthest headwaters of the Missouri River. The Basin is shared with three other private holdings, all of which are protected from development by conservation easements or deed restrictions. The ranch includes BLM and U.S. Forest Service leases of more than 5,000 acres which provide summer grazing for a small cattle operation. It is crossed by Corral Creek and contains three ponds (one of which has been stocked in the past), irrigated hay meadows, open rangeland and timbered hillsides. Improvements include an exceptionally attractive two-bedroom house and guest cabin designed by Jonathan Foote. A separate compound includes employee housing, barns and sheds situated along the gravel county road about 30 miles west of West Yellowstone. Peregrine Ranch enjoys a beautiful setting under the high peaks of the Centennial Range and with one exception is entirely surrounded by public lands.

Just the Facts

∙ Location: 30 miles west of West Yellowstone at the headwaters of Red Rock and Beaverhead rivers
∙ Acreage: 400± deeded
∙ Improvements: vintage Jonathan Foote designed home and guest house – recently exhaustively remodeled; classic historical register quality ranch buildings with new outdoor arena and horse paddocks
∙ Grazing leases: over 5,000 acres of USFS and BLM grazing permits
∙ Special features: almost entirely surrounded by protected federal lands

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In 1988, Joel Leadbetter became a partner at Hall and Hall where he has been instrumental in completing complicated, high-profile deals such as the recent sale of Texas’ historic 512,000-acre Waggoner Ranch.

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I had been looking for the right property for several years and Elliott Davenport’s insight into the quail plantation market and his ability to think strategically was instrumental in helping me find our new place. Elliott was helpful on all technical aspects of contracting and due diligence. His post closing help with hiring and contractors made the process much easier as well.

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