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10052 Floating Island Way, 
Shepherd, MT 59079

$4,500,000


4

Beds


5

Baths


6,071

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Rachel Court

406-652-6100

Last updated:

March 19, 2026, 04:01 PM

MLS#

356127

Source:

MT BAR

About This Home

10052 Floating Island Way

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!

Home Facts

Single Family

5 Baths

4 Bedrooms

Built in 2000

Price Summary

4,500,000

$741 per Sq. Ft.

MLS #:

356127

Last Updated:

March 19, 2026, 04:01 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

4

Interior

Living Area:

6,071 Sq. Ft.


Structure

Structure

Architectural Style:

TwoStory

Year Built:

2000


Lot

Lot Size (Sq. Ft):

8,639,559


Finances & Disclosures

Finances

Price:

$4,500,000

Price per Sq. Ft:

$741 per Sq. Ft.

10052 Floating Island Way
Source:MT BAR
The information being provided by Billings Association Of REALTORS® Mls 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. © 2026 Billings Association Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.