CONNER, Mont.--(BUSINESS WIRE)--Feb 10, 2026--
The historic Medicine Hot Springs estate, located in Montana’s coveted South Bitterroot Valley, is set to be auctioned to highest bidder without reserve on March 10, by Elite Auctions. Spanning 119 acres and positioned for residential or potential commercial use, the property presents a rare opportunity in one of the nation’s premier fly-fishing and big-game hunting regions.
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The estate includes a 3,797-square-foot main residence, 12 guest cabins, and a gathering space known as the East Game Lodge with a pool table, loft bedroom, kitchen, and bathroom. Additionally, the property holds senior geothermal water rights from 1908, when it operated as Medicine Hot Springs, a healing bathhouse. The chemical-free hot springs flow consistently at 94°F-114°F, naturally filling the pool, hot tub, and historic soaking tubs. Located at 260 Medicine Springs Road, the property is currently listed for $7,950,000.
Prime Location in High-Value Recreation Market
Medicine Hot Springs sits within Montana Hunting District 270, known for exceptional elk, whitetail deer, and mule deer hunting. The nearby Bitterroot River consistently ranks among the nation’s top fly-fishing destinations. Lost Trail Powder Mountain Ski Resort is just 30 minutes south, with extensive ATV and recreational trails nearby.
The Bitterroot Valley gained national exposure through the television series "Yellowstone," filmed extensively at Chief Joseph Ranch in nearby Darby. This exposure has accelerated demand among affluent travelers seeking authentic western luxury experiences.
Property Highlights and Investment Features:
"This property represents an exceptionally rare Montana offering," said Tara McLean, president and co-founder of Elite Auctions. "The estate offers seclusion, historic character, and natural assets increasingly scarce in the American West – ideal for buyers seeking a multigenerational family retreat or exploring hospitality or wellness opportunities."
Auction Details
Open houses will take place Saturdays and Sundays, from 1-4 p.m., beginning Feb. 21. The auction will take place at the property, on March 10, without reserve. Elite Auctions is managing the auction, with Glacier/Sotheby's International Realty Broker Jeanne Wald holding the listing. EliteAuctions.com 844.94-ELITE.
About Elite Auctions
Elite Auctions is a premier luxury real estate and yacht auction firm, having marketed more than $1.5 billion in high-end assets since 2012. Veteran-owned and trusted by non-distressed sellers, the company offers innovative auction marketing strategies and boasts one of the industry's highest list-to-sell ratios. Elite partners with listing agents to accelerate luxury property sales through innovative auction marketing and a global network of high-net-worth buyers. EliteAuctions.com.
The property holds geothermal water rights from 1908 which fills a 2,046-square-foot hot springs pool, hot tub and historic soaking tubs in the bathhouse. (Photo Credit: Kiln Media)
The main residence features an Old West look, and is accompanied by 12 historic cabins, and a lodge with a communal gathering space, pool table, loft bedroom, kitchen and a bath. (Photo Credit: Kiln Media)
This historic property, known as Medicine Hot Springs, spans 119 acres in Montana’s Bitterroot Valley, where the television series ‘Yellowstone’ was filmed. Set in one of the nation’s premier fly-fishing and hunting regions, this rare Montana offering will be auctioned by Elite Auctions on March 10. (Photo Credit: Kiln Media)
NEW YORK (AP) — Walmart delivered another quarter of impressive sales with speedy deliveries and low prices becoming a strong magnet for people across the income spectrum that are spending more on almost everything, particularly gasoline.
Yet like other major retailers posting financial results this week, Walmart was cautious about the rest of the year given the current economic uncertainty. On Thursday, it issued a forecast for the current quarter that was weaker than what Wall Street had been expecting.
Shares slipped about 7% Thursday.
Walmart has resonated with many Americans who are increasingly careful about where they spend their money as inflation takes a bigger bite out of paychecks, notably gasoline which has soared since the start of the Iran war in late February. Walmart can serve as a barometer of consumer spending given its vast customer base. More than 150 million customers are on its website or in its stores every week, according to Walmart.
One telling shift during the quarter that captures the stress many Americans are feeling: The number of gallons that customers put in their cars during visits to U.S. Walmart and Sam’s Club gas stations fell below 10 for the first time since 2022, which was the midst of the COVID-19 pandemic.
“That’s an indication of stress,” said Chief Financial Officer John David Rainey.
Walmart touted strong sales that were fueled by online shopping on Thursday.
Comparable sales at U.S. Walmart stores rose 4.1% during the three-month period ended April 30. Walmart’s U.S online sales rose 26%, the company said.
Walmart’s promise of lower prices, faster delivery and a refresh of its merchandise has attracted wealthier shoppers. The biggest gains in market share for Walmart are coming from households with annual income over $100,000. That shift is taking place as lower-income shoppers become more entrenched in what economists collectively call a K-shaped economy.
“We see with our customers that the high-income customer is spending with confidence into many categories, while the lower income consumer is more budget conscious and perhaps navigating financial distress,” Rainey told analysts on Thursday.
Rainey told analysts that higher fuel prices took a bite out of profits as it was forced to absorb higher transportation costs. And while the company is focused on offering low prices, Walmart may raise prices later if fuel costs remain high, he said.
U.S. retailers have spent months navigating an uncertain economic environment, from President Donald Trump’s tariffs to the impact of soaring gasoline prices due to the war. The average price for a gallon of regular gasoline raced higher this week and did so again overnight. Gasoline prices are about 45% above where they were at this time last year.
Based on quarterly financial reports from Walmart, Target, Home Depot, Lowe's and TJX, shoppers are cautious but still spending, helped by more generous tax refunds. Yet there is a widespread belief among economists that once those refunds dry up, shoppers will pull back on spending. Consumer spending is the dominant economic engine for the U.S., and retreat would have broad implications for the U.S.
Target reported the largest jump in comparable sales in four years Wednesday, but a cautious outlook overshadowed rather convincing evidence that changes under the company’s new CEO are landing solidly with customers. Target raised its annual revenue outlook Wednesday, but it was still below the pace of its first quarter this year.
The nation’s two largest home improvement retailers Home Depot and Lowe’s reported strong sales, but both companies said that customers are putting off larger home projects.
“I think, overall, this has been the most difficult housing market that I’ve faced in this business since the financial crisis,” Lowe’s CEO Marvin Ellison said this week.
Walmart, based in Bentonville, Arkansas reported first-quarter earnings of $5.33 billion, or 67 cents, for the quarter ended April 30. Adjusted per-share results were 66 cents, matching the 66 cents that analysts expected, according to FactSet.
For the year-ago quarter, the company reported net income of $4.48 billion, or 56 cents per share.
Sales rose 7.3% to $177.75 billion in the fiscal first quarter, above the $174.84 billion that analysts predicted.
Walmart said higher fuel prices took a bite out of profits as it was forced to absorb higher transportation costs.
The company highlighted its speedier deliveries, which is driving more shoppers to buy more often. Rainey said that roughly 60% of U.S. online deliveries arrive at customers' homes in 30 minutes or less.
For the second quarter, Walmart expects sales to be 4% to 5% higher than the same period a year ago. It also expects per-share profit to be between 72 cents and 74 cents. Analysts had been projecting per-share earns of 75 cents on sales of $186.2 billion, according to FactSet.
Walmart stuck to the annual guidance that it issued in February.
Drones operated by Zipline leave base to make deliveries from a Walmart store in Pea Ridge, Ark., Friday, Sept. 26, 2025. (AP Photo/Charlie Riedel)
