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This unique property features a magnificent timbered home sited $4,500,000

10052 Floating Island Way, Shepherd, MT 59079

4 br, 5.0 ba, 2000 6071 sf
Yellowstone County
Ad #: 6733320

Home For Sale near Yellowstone River

This unique property features a magnificent timbered home sited high above the Yellowstone River, offering a rare outlook and superb recreational opportunities. The views from the patios and master bedroom are breathtaking and ever-changing. The house is solidly built with exposed Douglas Fir beams and two stone chimneys, softened by many artistic touches. Fish Fry Lake boasts 7 acres of exciting fishing for you or the grandkids - from 6-pound largemouth bass and *boss* bluegills to dozens of panfish. Or just relax in a kayak and enjoy the sunset. Water quality is assured by maintenance-free floating islands. For the hunter, Fish Fry Lake attracts wood ducks, prized for their plumage. Deer hunting is exceptional, with high-scoring muleys and whitetail only minutes away. The private channel below the house provides accessible waterfowl opportunities. The property is licensed as a pheasant hunting preserve (Joy of Hunting) and supports acres of dryland or irrigated food plots, roosting cover and thermal mass. A mature heirloom orchard produces apples and pears, which are usually shared with neighbors or sold to the local cider mill. A separate 2-story cottage with 3-bay carport can house a property manager or guest overflow. Only 25 minutes from the amenities and convenience of Montana's largest community!

Property Details

  • Beds: 4
  • Baths: 5.0
  • Sq Feet: 6071
  • Year Built: 2000
  • Location: Yellowstone River
  • Acres: 198.337
  • County: Yellowstone County
  • Heat/AC: Propane (Heating)
  • Siding: SyntheticStucco
  • Roof:
  • Stories: 2
  • Fireplaces: Has Fireplace
  • Property Taxes: $10,437
  • MLS #: 356137

Location

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Contact Information:

Contact Agent
Listing Agent: Rachel Court, Coldwell Banker The Brokers, 406-794-9915, 406-652-6100 Listing Site, Listing Status: Active
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Shepherd, Montana
Ad Number : 6733320
Viewed: 133 times
Added: Oct 17, 2025
Updated on: Jan 05, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.