Discover the ultimate sportsman's retreat in iconic Paradise Valley! This exceptional 20.97 acre property in Pray, MT, places you in the heart of Montana's premier outdoor playground, with breathtaking panoramic views of the Absaroka Mountains and frequent visits from elk and deer. World-class fly fishing await with private shared access to the legendary Yellowstone River; renowned blue-ribbon trout waters just moments away. Abundant big-game hunting opportunities abound on the property and nearby National Forest Service, BMA, State, BLM & RMEF lands. Only 30 minutes to Yellowstone National Park's north entrance (the park's only year-round access) for geysers, geothermal wonders, and epic adventures. Nearby Chico Hot Springs offers relaxing soaks, Livingston (25 minutes north) provides charming amenities, and Bozeman & Int'l airport is an easy hour drive. Dailey Lake, Cooke City (Snowmobile & Back Country Skiing Destination) and more recreation options are all within reach. Live the true Montana outdoor lifestyle! Deeded covenants allow for an additional primary residence and two guest houses, opening incredible development potential on this private, lightly covenanted land (no HOA). Bring your horses and animals to the fenced corral, outbuildings, and greenhouse. Water rights for seasonal irrigation or livestock included. The existing 4,144 sq ft main home features a versatile duplex layout built with comfort and utility in mind—perfect for multi-generational living or hosting. Enjoy the large fenced yard with above-ground pool w/ deck, play areas, efficient heating, and long private driveway (mini bulldozer included for plowing). A separate 520 sq ft 1-bedroom caretaker/guest quarters (built 2022) with attached 3-car garage and insulated hot tub room provides independent living space. With deeded rights to build more, this property offers tremendous opportunity: ideal for short-term rentals (STR), investment income, multi-family compound, or legacy estate. A rare gem combining privacy, views, recreation, and flexibility. Make sure to check out the LandID map available on the Clearwater Properties website for additional details. Schedule your private tour today!