Welcome to 39 Rainbow Loop Drive, a beautifully maintained waterfront property in the desirable Troutdale subdivision, just 10 minutes north of Ennis. Nestled on a 1-acre landscaped lot that borders a 25 acre common area and pond, this property combines Montana charm with modern comfort. This 1,646 SF single-level ranch-style home offers 3 bedrooms and 2 bathrooms with vaulted ceilings, warm radiant in-floor heat, and Anderson windows that frame mountain views. The thoughtful floor plan includes a spacious living area with a gas fireplace and ceiling fans, a master suite with walk-in closet, and a bright kitchen featuring hickory cabinets, pantry, eating bar, and Samsung black stainless steel appliance package with double oven, glass-top range, refrigerator, dishwasher, microwave, and more. The home is low-maintenance with painted Masonite siding, metal soffit/fascia, and durable finishes throughout. Outside, enjoy the fully landscaped yard with sprinklers, mature trees, perennials, a covered front porch, a large back patio with pergola and a fire pit which is perfect for entertaining. An oversized 24' x 28' insulated shop with wood stove plus an attached 2-car garage provide plenty of room for vehicles, projects, and storage. Enjoy Montana's recreational paradise as Ennis Lake and public accesses are just minutes away for fishing, boating, and water sports, while hunting, hiking, and skiing opportunities abound in the Madison Valley. Bozeman is less than an hour away for dining, shopping, and air travel. This is your chance to own a waterfront retreat with big mountain views of the Madison and Tobacco Root Ranges.