The Hebel Ranch spans 56± acres in the heart of the Madison Valley near McAllister, Montana, with commanding views of Ennis Lake and the surrounding mountain ranges. Located seven miles north of Ennis and 47 miles from Bozeman Yellowstone International Airport, the property offers strong access while maintaining the character of a picturesque Montana property! The land is perimeter and cross fenced and currently configured for equestrian and agricultural use, including two separate horse pastures with shelters. A spring fed 5± acre pond, supported by adjudicated water rights, serves as both a recreational feature and a functional asset, with an integrated fire suppression system hookup in place. Additional improvements include a permitted gravel pit and more than 900 feet of highway frontage, providing ease of access and long term utility. Improvements include a 2,800± square foot, three bedroom, three bathroom manufactured caretaker's residence accompanied by a large shop. The existing home offers comfortable living quarters while a future primary residence could be positioned on the upper portion of the ranch to take full advantage of the lake and mountain views. With no known zoning, covenants, or restrictions, the property presents substantial flexibility for agricultural, equestrian, recreational, or commercial applications. The combination of water, access, infrastructure, and location within the Madison Valley positions Hebel Ranch as a highly adaptable land investment with both lifestyle and income potential.