FOR SALE: Montana Hot Springs Resort

Sula, Montana — If you’ve ever wanted to run a hot springs and also live near a ski area, one option is moving to Montana.

Priced at 5.75 million, Lost Trail Hot Springs Resort is a historic gem. The history of the hot springs date back to 1892, with the resort being built in 1940. The current owners, Stann Honey and his mom, Mary Dell, have operated the place since 1993. While the property is on the market, the current owners are insistent that they have no plans to close the resort.

“We don’t plan on closing,” said Stann Honey to the Ravalli Republic. “Here’s where we’re at; if it sells, we’re fine — if it doesn’t, we’re fine keeping it, too.”

The main building features a restaurant with a bar. Then there’s the pool and hot tub, which features water from the hot springs. The pool features temperatures from 95° to 103 and 105°. There’s also a hotel building with eight units, a condominium building with four units, and ten separate cabins.

It’s a tourist attraction during all four seasons, as it’s located next to Bitterroot National Forest. For skiers, the good news is that it’s situated close by to the Lost Trail Ski Area.

As is commonplace with an investment like this, there are risks. The first is wildfires, with Zillow listing it as severe. In addition, the air quality factor is ranked as extreme. I imagine figuring out property insurance here must be a joy.

In my personal opinion, this place has lots of rustic charm, but does need some renovating. The overhead tarp that’s used in the wintertime at the hot spring pool is pretty ugly, so I wonder if you could try to do something creative, like a retractable roof there. The lodging rooms have charm, but it does need some renovations and new appliances. I love the restaurant, though. Overall, it’s a great setup with character that you don’t see much of anymore.

You can view the listing here. More photos of the property are below.