<p>Located on the north shore of Ennis Lake in McAllister, Montana, this legacy property presents a rare opportunity to acquire just over 2,700+/-acres in one of Montana's most desirable valleys. The offering combines lake frontage, agricultural production, equestrian infrastructure,conservation or development potential, and a fully operational commercial component. Showing by appointment only. A working ranch withresidential, livestock, and infrastructure elements in place, Lost Heart Ranch anchors the entire offering. It is subdivided into 45 legal parcels,making if a great candidate for a conservation easement, possible development, and generational use. Includes 2,500&plusmn; SF 4BD/3BA mainresidence (1994), 2,400&plusmn; SF equipment shop with attached 2BD/1BA residence (2004), 3,100&plusmn; SF livestock barn, and 1400&plusmn; feet of lakefrontage. A rare, turnkey 23.18 acre equestrian facility located on the lake, this component of the offering includes a 6,344+/- SF luxury home witha pool, lake frontage, and full horse infrastructure. The commercial asset of this property, Lake Shore Lodge offers a strong base for hospitality,storage, and lakefront access with expansion potential. Features 42 full-service RV sites (50 amp), office/store and bathhouse with laundry, 3 drycabins and 3 additional 4 season rental cabins, room for employee housing, marina with 10 docks and seawall. 2 drain fields and 7 holding tankswith room for expansion. Excellent potential for income generation or private estate repurposing. With panoramic views in every direction&mdash;LonePeak to the east, the Centennial Mountains to the south, and the rugged Tobacco Root Mountains to the west&mdash;the property features diversetopography including productive pasture, riparian corridors, and juniper-covered hillsides. Comprising three primary components&mdash;Lost HeartRanch, Lake Shore Equestrian Estate, and Lake Shore Lodge&mdash;this property supports year-round ranching, recreation, and income generation,all just minutes from Ennis and under an hour to Bozeman.</p>