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    19 Elgin Dr Butte, MT 59701

    For Sale
    $979,000

    Prime Montana acreage with indoor arena & home.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 239-acre Montana farm presents a rare opportunity for equestrian enthusiasts and investors alike. The property boasts a substantial indoor arena, measuring approximately 100x196 feet, ideal for year-round riding and training. Designed for equestrian events, the facility includes an announcer's booth overlooking the arena, roping boxes, a three-quarter bathroom, a conference room, nineteen heated stalls, a tack room, and ample hay storage. A well and septic system service the barn. The existing three-bedroom, two-bathroom home requires a new septic system. Situated at the base of the mountains, the property offers breathtaking views and unparalleled access to outdoor recreation. Whether you envision a personal equestrian retreat or a venue for professional events, this property's potential is undeniable. The asking price is $979,000. The property is located at 19 Elgin Drive, Butte, Montana, 59701, in Jefferson County.

    Property Features for 19 Elgin Dr

    General Information

    Property type
    Farms
    Lot Size
    10,410,840 SF

    HighLights

    • $979,000 asking price.
    • 239‑acre land parcel.
    • Jefferson County, Montana farm with indoor riding arena (approx. 100x196 ft).
    • Existing equestrian facilities include announcer booth, roping boxes, 19 heated stalls, tack room, hay storage, and partial bathroom.
    • Three‑bedroom, two‑bathroom home on property (requires septic system).
    • Well and septic servicing the barn.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Butte
    County
    Jefferson
    State
    Montana
    Longitude
    -112.4622837
    Latitude
    46.0421609

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    FAQs

    What type of property is this?
    Farm - Prime Montana acreage with indoor arena & home.
    Where is this farm located?
    The property is located at 19 Elgin Dr Butte, MT.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: $979,000 asking price.; 239-acre land parcel.; Jefferson County, Montana farm with indoor riding arena (approx. 100x196 ft).
    Request Owner's contact information
    19 Elgin Dr Butte, MT 59701
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    Butte, MT 59701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 Elgin Dr Butte, MT 59701
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