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201 & 201-1/2 N Black Ave, Bozeman, MT, 59715

4beds
5baths
4,194sqft
$2,650,000
$632price/sqft
$15,547/moest. monthly cost
$621,880/yrincome needed

About This Home

An exceptional expression of luxury in the heart of downtown Bozeman, this highly sought-after Block M custom townhome offers refined urban living at its finest. Impeccably designed and richly upgraded, this coveted corner-unit residence features a light-filled open floor plan with sophisticated finishes and effortless flow for both everyday living and elevated entertaining. The home is thoughtfully crafted for both versatility and comfort. A private in-home elevator provides seamless access across all levels, adding convenience and appeal. The home captures unobstructed, sweeping views of the valley and surrounding mountains, dramatically showcased from two expansive rooftop patios, one complete with a private hot tub for year-round relaxation under Montana’s big sky. Just steps from Bozeman’s premier dining, boutiques, and art galleries, this residence delivers an unrivaled walkable lifestyle. With its own exterior entrance for complete privacy, the one-bedroom basement apartment offers exceptional flexibility, perfect for rental income, hosting guests, or creating a secluded home office. Complete with an oversized heated two-car attached garage with EV charging capability, this rare offering blends architectural elegance, adaptability, and location into one truly remarkable downtown retreat.

Getting Around

98
WalkingWalker's Paradise
30
TransitSome Transit
76
BikeVery Bikeable

Schools

8/10
Hawthorne SchoolGrades PK-50.2 mi
7/10
8/10
Bozeman High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 2014

Type & Style

  • Home type: Townhouse
  • Architectural style: Custom
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Built-In Oven,Cooktop,Double Oven,Dryer,Dishwasher,Disposal,Microwave,Refrigerator,Washer
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Bathroom,Bedroom,Kitchen,Rec/Family Area

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 1
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Wet Bar,Elevator,Fireplace,Walk-In Closet(s)
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area above ground: 3,532

Heating & Cooling

  • Heating features: Natural Gas,Radiant Floor
  • Cooling features: None

Interior Area

  • Total structure area: 4,194
  • Total interior livable area: 4,194 sqft

Property

Details

  • Parcel number: 00RGH65906
  • Zoning description: B3 - Central Business
  • Special condition: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Balcony,Patio
  • Has view: Yes
  • View description: Mountain(s),Valley

Lot

  • Lot size: 3,223 sqft

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Lightning
    LightningRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Earthquake
Lightning
Hail

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 $13,399$160,788
Home Insurance $647$7,764
Property Taxes $1,214$14,568
Electricity $287$3,455
Total$15,547$186,564

Income You'd Need if You Spent...

35% on housing$533,040/yr
40% on housing$466,410/yr
45% on housing$414,586/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

$632This listing

vs Other Active Listings

Avg $/sqft

ZIP 59715$611
Gallatin County$547

vs Homes Sold Last Month

Median $/sqft

ZIP 59715$436
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)

Price History

DateEventPrice
2026-02-02Listed for sale$2,650,000

For Sale by Agent

AgentJackie Miller
BrokeragePureWest Real Estate Big Sky

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