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A Spectacular Montana Guest Ranch That Actually Turns a Profit

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Location: Augusta, Mont.
Price: $5,500,000
The Skinny: This new-to-market guest ranch in northern Montana has been run by the same family for some three generations, not as a passion project but as a profitable business. As an inholding, meaning a pocket of private land surrounded by public lands, the property is only accessible by foot, horseback, boat, or helicopter, which helps to preserve the rustic feel of the 40-acre ranch. Forty acres may sound like small potatoes to ranch aficionados, but the easy access to public wilderness makes the property seem larger and, with 13 guest cabins and a main lodge, the ranch can house some 30 guests plus staff. It has been featured in national nature and travel magazines, including Travel + Leisure, which commented on the quaint, redundant outhouse.
· K Bar L Guest Ranch [Hall and Hall]
· A Magnificent Seven [Travel + Leisure]