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217 Lower Rainbow Rd, Bozeman, MT, 59718

3beds
3baths
2,052sqft
$1,150,000
$560price/sqft
$6,566/moest. monthly cost
$262,640/yrincome needed

About This Home

Set on nearly an acre in Four Corners with exceptionally light covenants, this 2,052-sq ft craftsman blends comfortable living with outstanding outbuilding capacity. The great room is the true heart of the home, where soaring vaulted, knotty pine ceilings and exposed beams create a warm, light-filled gathering space and oversized windows frame views of the surrounding trees, bringing the outdoors in. The updated kitchen is a chef's dream, anchored by a Viking range and finished with Bianco Venatino quartz countertops and Deer Valley undermount sinks, offering a premium workspace for anyone who loves to cook. A well-appointed pantry with glass-door detailing rounds out the storage, keeping the kitchen as functional as it is beautiful. The main-floor owner's suite has been fully reimagined with an expanded bedroom, a spa-inspired bath featuring a Laguna Grande soaking tub, Dolomiti Bianco marble vanities, and a custom-fitted walk-in closet. A brand-new NHB 150 high-efficiency boiler (2025) keeps the home running efficiently, while a premium Kinetico water filtration and treatment system delivers superior water. Outside, the property is designed for work, recreation, and storage with a 25' x 40' pole barn featuring an attached 12' carport, two heated 30' x 30' shops with one 14-foot RV door and two 10-foot overhead doors, a 25' x 30' two-car garage with an attached workshop, and a separate 20-foot two-car carport. Backed by a documented maintenance history, this rare turnkey property offers warmth, craftsmanship, modern upgrades, and workspace in one unmatched package.

Getting Around

11
WalkingCar-Dependent
0
TransitNo Nearby Transit
30
BikeSomewhat Bikeable

Schools

9/10
Monforton SchoolGrades 3-51.8 mi
10/10
Monforton 7-8Grades 6-81.8 mi
--
Gallatin High SchoolGrades 9-125.0 mi

Construction

Condition

  • Year built: 1992

Materials

  • Roof: Metal
  • Construction materials: Other,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Disposal,Range,Refrigerator,Water Softener,Washer

Bedroom

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 3/4 bathrooms: 1

Bonus Room

  • Level: Main

Features

  • Vaulted Ceiling(s),Wood Burning Stove,Window Treatments
  • Window features: Window Coverings
  • Flooring: Hardwood,Partially Carpeted,Tile
  • Fireplace features: Wood Burning Stove
  • Fireplace: Yes
  • Finished area above ground: 2,052

Heating & Cooling

  • Heating features: Baseboard,Radiant Floor
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 2,052
  • Total interior livable area: 2,052 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Other

  • Level: Main

Other

  • Level: Upper

Property

Details

  • Parcel number: RGF11865
  • Zoning description: MU
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Patio
  • Exterior features: Gravel Driveway,Landscaping
  • Fencing: Perimeter
  • Has view: Yes
  • View description: Mountain(s),Trees/Woods
  • Waterfront features: None

Lot

  • Lot size: 0.97 Acres
  • Features: Lawn,Landscaped

Parking

  • Total spaces: 10
  • Parking features: Detached,Garage,Other,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 10
  • Covered spaces: 10
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Avalanche
    AvalancheRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather
Avalanche
Earthquake
Hail
Inland Flooding
Landslide
Strong Wind
Wildfire

FEMA Declared Disasters in Gallatin County and Montana

Flood
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,815$69,780
Home Insurance $272$3,264
Property Taxes $328$3,936
Electricity $151$1,812
Total$6,566$78,792

Income You'd Need if You Spent...

35% on housing$225,120/yr
40% on housing$196,980/yr
45% on housing$175,093/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.5%
14.5%
0%30.0%
Electricity Growth Rate10-year average: 1.3%
1.3%
0%15.0%
Property Taxes Growth Rate2-year average: 5.2%
5.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$560This listing

vs Other Active Listings

Avg $/sqft

ZIP 59718$358
Gallatin County$547

vs Homes Sold Last Month

Median $/sqft

ZIP 59718$391
Gallatin County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-04Contingent$1,150,000
2026-07-10Listed for sale$1,150,000
2021-09-01Sold--
2021-07-08Pending sale$795,000
2021-06-28Price change$795,000
2021-06-17Listed for sale$975,000

For Sale by Agent

AgentTamara Williams
BrokerageTamara Williams and Company

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