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Meagher County, MT · Sold

MT-349173

5951 County Road 203

$1,218,300
$1,132/ac · 1,077 ac
Acreage1,077 ac
Price per acre$1,132/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedDec 26, 2023
Coordinates46.5232, -111.0235
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Meagher County, Montana. Big-sky ranch splits; recreational amenity value increasingly outruns ag value.

View Meagher market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
47
Moderate risk
Wetlands38.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.3%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

5,257 ft of deeded road frontage.

Power10,974 ft away

A long utility run — price in solar/off-grid instead.

Buildable area624.94 of 1076.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,512,824
$1,293,789$1,731,859 · $1,405/ac on 1,077 ac
Asking vs estimate
-19.5%
Priced below the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $1,218,300
Maximum allowable offer
$864,471
$803/ac · +30.0% target margin

You need $353,829 off asking to hit this margin.

All-in cost$937,951
Net resale$1,391,798
Projected profit$453,847
ROI+48.4%
Annualized+69.2%
Break-even resale$947/ac
Profit if resale lands off target
-20%
$175,487
-10%
$314,667
0%
$453,847
+10%
$593,026
+20%
$732,206
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MT-569023
Paved · Off grid
965.8Jan 16, 2026$1,564,0001,6191,1699.0 mi
79
MT-818310
Gravel · Off grid
576.2May 28, 2026$972,7001,6881,2081.1 mi
79
MT-959247
Gravel · Power at road
1135.9Dec 20, 2024$1,993,3001,7551,3953.8 mi
76
MT-318500
Dirt · Off grid
661.2Apr 26, 2025$1,008,1001,5251,3832.5 mi
75
MT-768787
Gravel · Power at road
814.0Mar 8, 2026$2,067,6002,5401,73411.8 mi
74
MT-448152
Gravel · Power at road
513.9May 31, 2026$1,262,5002,4571,4434.6 mi
73
MT-498205
Gravel · Power at road
534.0Nov 27, 2025$1,509,7002,8271,7163.8 mi
69
MT-289845
Paved · Power at road
1751.8Nov 6, 2025$3,598,4002,0541,5308.4 mi
69
MT-937659
Gravel · Power at road
359.5Jul 27, 2026$968,4002,6941,4137.9 mi
69
MT-129755
Gravel · Power at road
1641.3Mar 10, 2025$2,016,0001,2281,0868.3 mi
67
Show adjustment detail for the top comp
  • Tract size (965.78 ac → 1076.64 ac)-3.3%
  • Access (Paved → Dirt)-27.1%
  • Market time (7 mo)+2.4%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.