224 Rusty Spur Way, Corvallis, MT, 59828
About This Home
5C Arena & Event Center is a turnkey equestrian and event facility on 20.49 acres in Montana’s Bitterroot Valley, minutes from Hamilton and an easy drive to Missoula. Built for both horse operations and commercial events, the property offers exceptional scale and income potential. The facility includes a 300’ x 180’ indoor arena with lighting, announcer platform, and upstairs viewing area, plus a 140’ x 240’ outdoor arena—both equipped with Priefert roping systems. Three barns provide 50+ stalls with room to expand, along with pipe-fenced paddocks with shelters and automatic waterers. Additional amenities include irrigation rights, a pond, trailer and spectator parking, RV hookups, and a 3-bedroom, 2-bath manufactured home. A proven venue for ropings, clinics, weddings, banquets, dog shows, and special events, with liquor license process underway. This is a rare opportunity to acquire a fully operational arena and event venue in the Bitterroot Valley.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2004
Type & Style
- Home type: SingleFamily
Interior
Heating
- Heating features: Has Heating (Unspecified Type)
Property
Details
- Parcel number: 13156521201018001
Lot
- Lot size: 20.49 Acres
Parking
- Parking features: Additional Parking
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
- Wildfire
- Winter Weather
- Ice Storm
- Lightning
- Avalanche
- Heat Wave
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Ravalli County and Montana
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,630 | $139,560 |
| Home Insurance | $575 | $6,900 |
| Property Taxes | $572 | $6,864 |
| Electricity | $151 | $1,812 |
| Total | $12,928 | $155,136 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-21 | Listed for sale | $2,300,000 |
| 2020-01-07 | Sold | -- |
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