River Valley Ranch

4000 Lima Dam Road, Lima, MT

Property Description

7,493 acres located just east of Lima, Montana the River Valley Ranch not only offers the perfect location for outdoor activities including some of the best fishing and hunting around, but also offers an established location to run your ranching operation. Combined with the beautiful location, and several amenities, the River Valley Ranch is the perfect place to call home.

Broker Information


Property Facts


The River Valley Ranch is a beautiful traditional cattle ranch located along the Red Rock River Valley. This ranch takes in many different types of topography: native range ground, irrigated hay meadows, and lush river and riparian areas. Situated just east of the small town of Lima, Montana, the River Valley Ranch is in an area filled with history and second to none recreation. This scenic region of Montana includes Monida Pass going into Idaho, the Centennial Valley, and the Lima Peaks. The hunting and fishing opportunities on the ranch and in the surrounding areas are excellent. This property sits at the head of the Centennial Valley which is renowned for its trophy elk and deer. In addition, many mountain streams and lakes are scattered throughout the valley, and the Lima Peaks carry the same incredible reputation for big game hunting and fishing. The ten miles of Red Rock River traversing this property are home to excellent fish counts and its bottoms are home to numerous Whitetail deer.

Positioned just east of Lima, The River Valley Ranch is minutes from Interstate 15. Lima is 90+ miles north of Idaho Falls, Idaho and 50+ miles south of Dillon, Montana. Commercial air service can be found in Idaho Falls or 60+ miles north of Dillon in Butte, Montana. Being in the extreme southwest corner of Montana, puts this property proximal to many incredible area attractions. Take the beautiful drive through the Centennial Valley, past Henry’s Lake and right into Yellowstone National Park. A trip to Teton National Park is also just a short drive away.


The River Valley Ranch consists of 7,493+ deeded acres. There is a BLM grazing lease of 1,296+ acres which is located in the Halligan Hills portion of the ranch. This leased acreage is fenced with the deeded property and is considered “custodial.” A State of Montana lease of 864+/- acres transfers with the sale. 320+/- acres of the state lease is considered land-locked and has no public access. 380+/- acres are under pivot irrigation and 250+/- acres are flood irrigated. Deeded 7,493+/- acres ~ BLM 1,296+/- acres ~ State of Montana 864+/- acres ~ Under Pivot 380+/- acres ~ Flood irrigated 250+/- acres

Recreational Opportunities

Outside of hunting and fishing, outdoor opportunities abound on the River Valley Ranch and in nearby areas. There are endless acres for hiking and cross-country skiing for all levels of experience. Camp or backpack with your family and friends. Downhill skiing can be found just down the freeway. The ranch and the Centennial Valley itself offer the snow-machine enthusiast miles of fun.


Fishing on the River Valley Ranch is outstanding. Montana Fish, Wildlife, and Parks reports there are 1,000+ fish per mile in the canyon section of the property. There are also some productive springs supplementing the environment in the canyon area. This part of the Red Rock River has excelled as a Brown Trout fishery and it is not uncommon to find them chasing streamers during the day and eating hoppers through the late summer and early fall.

Hunting and Wildlife

The River Valley Ranch is home to diverse game, large and small. Elk call the property home, especially in the fall when hunting pressure in the surrounding areas bring them to the Halligan Hills, and they stay all winter. Mule Deer can be found throughout the ranch and Whitetail Deer are thick along the many acres of river bottom and riparian area. Antelope are plentiful and moose are found in good numbers along the river as well. Waterfowl numbers on the ranch are first-rate. Other wing-shooting opportunities include Hungarian Partridge and Sage Grouse.

Consideration to Agriculture

The River Valley Ranch is owner rated to manage 450 +/- cow/calf pairs year around. The ranch also produces 1500 +/- tons of hay annually. There is approximately 10 miles of the Red Rock River that transverse the property as well as several springs supplementing the environment in the canyon area. Water Rights

  • 41A-0952147 6.25 CFS
  • 41A-095218 7.0 CFS
  • 41A-095221 4.0 CFS
  • 41A-095214 2.5 CFS
  • 41A-094607 5.0 CFS
  • 41A-005000 3.5 CFS
  • 41A-214953 5.0 CFS
  • 41A-095219 5.0 CFS
  • 41A-095216 2.0 CFS
  • 41A-214157 2.0 CFS
  • 41A-214158 1.63 CFS
  • 41A-179260 40 GPM
  • 41A-09522 6.17 CFS


The ranch is modest, but very functionally improved. Main Residence The newest of five homes on the property is a 2,600+/- square foot prefab home on a permanent foundation that the current owner erected in 2004. This beautiful residence has three bedrooms and two bathrooms and is in great condition. The home adjoins an old homestead house, which is still functional, providing another bedroom and bathroom. Guest House The manager’s residence, built in 1964, contains 1,500+/- square feet, featuring three bedrooms and two bathrooms. A second modular home of 1,500+/- square feet, is located just down from the manager’s residence and is used for guests or temporary help such as a night calver. Another home found on the ranch has two bedrooms and one bathroom, but needs some work to be usable. Shop There is a barn/shop with a warming room, machine Quonset building, small barn, and small garage as well. Steel corrals with heated water tanks, permanent tub and alley with cement floors, cattle loading facilities, 15,000 pound cattle scale, and numerous stock tanks are also located throughout the property. Barn and Corrals An original barn and outbuilding sit along a spring-fed pond and a number of buildings are located just up the road near the pivot ground. Perimeter is fully fenced. Wells There is a 12 gallon per minute (GPM) stock well and two combination house/stock wells on the old Moss Place, and 8 GPM well at the Taft Place, and two house wells on the Fitter Place. Water Enhancements There are four developed springs on the Halligan Hills, and 2,000 shares of stock in the Lima Water Users Irrigation District provide approximately 600” of irrigation water each year.

Mineral Rights

All mineral rights owned by the seller will transfer to a new buyer. However, no guarantee is made by seller or agents in regard to the ownership of mineral rights.

Leases and Permits

There are two agricultural leases that will transfer with the sale of the ranch, both of which are for grazing cattle. The first is a BLM lease comprised of 1,296+/- acres and is run as custodial, or in conjunction with the land. The other is a State of Montana lease that encompasses 864+/- acres.


2013 taxes were $12,906.43


Please contact Keith Handlos, Sales Associate at (406)925-1814 to schedule a showing. This is an exclusive listing with Beaverhead Home and Ranch. An associate must be present at all showings.

Price and terms

$6,950,000 Cash or New Financing.

Broker's Comments

The River Valley Ranch is a vast and productive cattle ranch lying at the head of one of Montana’s most incredible valleys, the Centennial Valley. This historic area has been famous for its top notch cattle production for decades. Sitting astride the Red Rock River, the River Valley Ranch is composed of irrigated hay ground, riparian habitat and hardy pasture ground to give the livestock operator all the essential parts in one ranch. With excellent recreational opportunities for elk, deer, antelope, moose, upland birds and waterfowl, the River Valley Ranch is a rare property which contains all of the things that make Montana the last best place.

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