73 Murphy Lane, Emigrant, MT

$995,000

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3

Beds

1

Bath

1,140

Square feet

1.20

Acres

About 73 Murphy Lane

PROPERTY WITH FOUR LIVING UNITS Welcome to an exceptional offering in the heart of Montana's Paradise Valley, where this 1.2-acre property delivers a rare blend of flexibility, income opportunity, and authentic mountain living. The main residence offers 1,140 square feet of thoughtfully designed space with 3 bedrooms and 1 bathroom/laundry room, providing a warm and comfortable retreat framed by expansive mountain ranges and pristine Montana air. Complementing the primary home are two additional guest residences that elevate this property beyond traditional single-family offerings. The versatile “Shop House” features two private living quarters: an upper-level 672-sq ft suite with 1 bedroom, 1-3/4 bathroom and kitchenette, plus a lower-level 624-sq ft unit with 1 bedroom, 1-3/4 bathroom, a full kitchen and large shop area —both designed for effortless hosting or immediate rental income. A separate 912-sq ft guest house provides a more private 1-bedroom, 1-bathroom retreat, perfect for extended stays, multi-generational living, employee housing, or additional income streams. Uniquely positioned just two mins from one of many nearby Yellowstone River fishing access points, residents enjoy immediate proximity to world-class fly fishing, kayaking, rafting, and paddleboarding, while Emigrant's authentic charm -including the impeccably supplied General Store, Emigrant Outpost, Follow Yer Nose BBQ, and the historic Old Saloon - remain just a few minutes away. Renowned dining and natural hot springs at Sage Lodge and Chico Hot Springs lie within a 10-minute drive, offering resort-quality amenities without the resort crowds. Pass through the historic Roosevelt Arch at Yellowstone National Park's iconic Entrance which is a scenic 30-minute drive to the South, while Livingston's shopping, arts and dining rest 30 minutes to the North. For a wider variety of shopping, dining, cultural and recreational activities Bozeman's comprehensive amenities are a convenient 45 min drive away. Travel is easy with Bozeman International Airport an hour away and Mission Field only 30 mins away. Whether you envision a serene family compound, flexible employee housing, or an income-generating investment opportunity, this property embodies the coveted Paradise Valley lifestyle and the timeless Western charm that defines authentic living in one of Montana's most sought-after locations. Buyer to verify all listing information contained herein, including sq. ft. (taken from MT Cadastral).

Features of 73 Murphy Lane

MLS® # 402673
Price $995,000
Bedrooms 3
Bathrooms 1.00
Full Baths 1
Square Footage 1,140
Acres 1.20
Year Built 1950
Type Residential
Sub-Type Single Family Over 1Acre
Style Ranch
Status Active

Community Information

Address 73 Murphy Lane
Area 6PVE - Liv Area - Paradise Valley E of 89S
Subdivision None
City Emigrant
County Park
State MT
Zip Code 59027

Amenities

Utilities Electricity Available, Septic Available, Water Available
Parking No Garage
View Mountain(s), Southern Exposure, Valley, Trees/Woods
Is Waterfront No
Has Pool No

Interior

Interior Features Fireplace
Appliances Dryer, Microwave, Range, Washer
Heating Baseboard, Electric, Propane
Cooling None
Fireplace Yes
Fireplaces Gas
Stories One
Has Basement No

Exterior

Exterior Features Gravel Driveway, Landscaping
Lot Description Lawn, Landscaped
Roof Asphalt
Construction Wood Siding

Additional Information

Date Listed June 3rd, 2025
Days on Market 130
Zoning NONE - None/Unknown
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRick Eisen
OfficeLegacy Lands, LLC

Listing Map

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