Home of the Week: Live Out Your ‘Yellowstone’ Fantasy at This $31 Million Log Cabin-Style Estate

Situated in the heart of Big Sky, Montana, this quintessential log cabin-style mansion—called Montaña de Paz—was recently listed for $31 million.

For homeowners hoping to create a multi-generational family compound, this is the ultimate piece of land to create a dream estate. Sitting on 491 acres of pristine land, the Old Toby Road property is split between two parcels that are being sold together or separately. The entire acreage can be purchased for $31 million, or 320 acres, which includes the residence, can be had for $17.5 million, with another 171 acres of conservation easement available for $18.5 million.

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“This house sits in the most unusual place on a ridge that has some of the most spectacular views in all of the U.S.,” says listing agent Cathy Gorman of Big Sky Sotheby’s International Realty, who is co-listing the property with Tim Cyr. “It looks at huge mountain ranges right towards the Big Sky Resort ski area and has 360-degree views of the surrounding nature. This property is for someone who wants incredible privacy above all.”

1320 Old Toby Road Big Sky Montana
The fireside great room showcases stout, hand-hewn tree trunks as support columns.

The ample, 8,200-square-foot main residence, with five bedrooms, isn’t your typical luxury ski estate jam-packed with all the resort-like accouterments you might expect from a home of this price. What makes this property special is its laid-back vibe and intimate connection to nature; nowhere will you find a tricked-out movie theater, a climatized wine cellar, or an air-filtered cigar lounge. There is no dedicated wellness level. Instead, the home is designed for true outdoor enthusiasts looking to connect with nature. There are miles of cross-country ski and hiking trails and plenty of wildlife (the game can be hunted if that’s your thing).

The rustic-luxe, log cabin-style main residence features a spacious but cozy, slate-floored great room with vaulted wood ceilings and a floor-to-ceiling stone fireplace. The kitchen has an eat-in island and state-of-the-art appliances, and the formal dining table is positioned to take in the expansive mountain views. There is an office for when work calls and a gym for staying fit. A broad terrace runs the length of the house for year-round fresh air and inspiring views.

The primary suite is found on the main floor, and there are four en-suite bedrooms on the lower level. The owner created a lofted bunk room for his grandchildren. Nearly every bedroom (and bathroom!) overlooks the majestic mountain ranges, and the lower level of the home opens directly to the back patio, which has a large outdoor circular stone fireplace and sweeping mountain views.

1320 Old Toby Road Big Sky Montana
The lofted office space overlooking the living and dining areas.

The guest house measures a commodious 3,800 square feet, and there’s also a three-bedroom caretaker’s home, which can also be used as a guest residence. Both homes are designed in a classic log cabin style, crafted with Canadian red cedar and native Montana stone.

“You don’t see houses from the property because the owner has so much land,” Gorman says. “The future owner can essentially build whatever they want. On the 171-acre conservation easement, you can build up to four homes and a barn or stable. On the 320 remaining acres, you can build as many homes or structures as you desire.”

1320 Old Toby Road Big Sky Montana
The dining room is lined up to maximize the mountain view.

Gorman emphasizes that the home is designed for those seeking to spend time outside. There are rolling hills and meadows, herds of elk, grizzly bears, mountain lions, and moose that roam the property. The home also uniquely features roads and trails that date back to the early 1900s. “You can ATV, sled, hunt, ski, hike—anything you can do outdoors, you can do here, except fish,” she says. “Big Sky Resort is less than 15 minutes away, meaning you have access to world-class skiing in no time.”

The home overlooks Lone Peak, the Madison Range, the Spanish Peaks, the Gallatin Range, and part of Yellowstone National Park. Big Sky is a year-round destination, whether you’re a skier, a hiker, or simply a seeker of tranquility in the outdoors.

Click here for more photos of 1320 Old Toby Road.

1320 Old Toby Road Big Sky Montana
1320 Old Toby Road Big Sky Montana

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