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73 Murphy Lane, 
Emigrant, MT 59027

$1,149,000


3

Beds


1

Bath


1,140

Sq Ft


Single Family

Active

Listed by

Rick Eisen

Regina Wood

Legacy Lands, LLC.

406-848-9400

Last updated:

June 3, 2025, 10:45 PM

MLS#

402673

Source:

MT BZM

About This Home

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).

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1950

Price Summary

1,149,000

$1,007 per Sq. Ft.

MLS #:

402673

Last Updated:

June 3, 2025, 10:45 PM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,140 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

1,140 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

52,446


Finances & Disclosures

Finances

Price:

$1,149,000

Price per Sq. Ft:

$1,007 per Sq. Ft.

Source:MT BZM
The information being provided by Gallatin Association of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Gallatin Association of Realtors All rights reserved.

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