Bonanza Elk Ranch

Bonanza Elk Ranch Bull Mountains | Melstone, Montana Offered at $7,150,000 Located in the heart of Montana’s famed Bull Mountains, Bonanza Elk Ranch stands as the premier elk hunting destination in the state—offering a rare blend of trophy wildlife, unmatched habitat, and turnkey recreational infrastructure. Spanning approximately 2,600± deeded acres, this end-of-the-road property borders 640 acres of State land, expanding your private access to some of the best big game country in the West. Located just 90 minutes northeast of Billings and 30 minutes from Roundup, Bonanza Elk Ranch is positioned in Hunting District 590, one of Montana’s most coveted elk units. Through landowner preference and the 2,500-acre priority pool programs, the ranch offers nearly 100% draw odds for both archery and rifle elk tags—a game-changing advantage for both resident and nonresident hunters. General deer licenses are all that’s needed for the ranch’s strong populations of mule deer and whitetail. The ranch consistently produces trophy-caliber bull elk, with potential for scores exceeding 400 inches—making it a premier destination for dedicated hunters. In addition to elk, the property supports thriving populations of mule deer, antelope, whitetail, wild turkey, and upland birds. With 39± acres of millet, 11± acres planted in alfalfa, sainfoin, and barley, and an additional 2.5± acre alfalfa crop, these strategically cultivated fields provide high-quality forage to support productive livestock operations. A well-positioned Banks hunting blind overlooks a secluded, treed waterhole—creating an ideal setup for bowhunting elk during the peak of the rut. This natural pinch point draws in mature bulls seeking water and cover, offering hunters a prime opportunity for close-range encounters during the most action-packed weeks of the season. The landscape transitions from open grass basins and sandstone ridges to timbered ridges and thick shaded draws, providing the cover and forage that support robust wildlife populations. Multiple wells, spring-fed reservoirs, and a pipeline system deliver dependable water across the ranch. Elevations range from 3,200 to 3,600 feet, with a well-maintained network of trails allowing seamless access across the entire property for hunting, scouting, or game retrieval. Fully fenced and cross-fenced into multiple pastures, Bonanza Elk Ranch also offers excellent potential for livestock grazing and rotational pasture management. Whether it’s calling in bugling bulls in September, glassing for trophy bucks in November, or chasing longbeards in spring, this ranch offers year-round hunting and outdoor recreation at its absolute finest. Offered at $7,150,000, Bonanza Elk Ranch is not just the best elk hunting ranch in Montana—it’s a once-in-a-lifetime opportunity to own a world-class sporting property in the heart of Big Sky Country.