Build your Montana dream on this level 0.389-acre lot in Hebgen Lake Estates, positioned between Hebgen Lake's legendary fishing waters and Yellowstone's west entrance. This ready-to-build parcel offers sweeping views and captures authentic Southwest Montana living where wildlife roam and world-class recreation is at your doorstep. Electric service is available nearby, with public water and sewer serving the subdivision. The HOA maintains year-round road access with snow removal included in the $75 annual dues. Flanked by the Madison Arm and Grayling Arm of Hebgen Lake, you're minutes from the world-famous Madison River—one of Montana's most celebrated blue-ribbon trout fisheries—and less than 15 minutes to West Yellowstone's amenities and the park entrance. Whether you're planning a vacation cabin near Yellowstone, a retirement retreat steps from trophy trout water, or a year-round residence with unlimited snowmobiling access, this lot delivers. The flat topography makes construction straightforward, while protective covenants preserve the residential character and your investment value. The subdivision maintains a peaceful community atmosphere and does not permit short-term vacation rentals. Winter brings hundreds of miles of groomed snowmobile trails, while summer offers world-class fishing at every turn. This is your opportunity to own in one of the most spectacular corners of the Northern Rockies where authentic Montana living meets unmatched outdoor adventure.