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Historic Montana Resort and Hot Springs Estate Heads to Auction

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Historic Montana Resort and Hot Springs Estate Heads to Auction
News

News

Historic Montana Resort and Hot Springs Estate Heads to Auction

2026-02-10 23:40 Last Updated At:23:50

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260210924626/en/

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 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)

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)

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) — Target CEO Michael Fiddelke is reshuffling his leadership team and making other changes shortly after stepping into the top job at the retailer that has struggled operationally.

Rick Gomez, the 13-year Target veteran who oversees the chain's vast inventory of merchandise, will leave the company. And Jill Sando, the chief merchandising officer overseeing a handful of categories like apparel and home and who has been with the company since 1997, will retire.

Lisa Roath, who oversaw food, essentials and cosmetics, will take Fiddelke's previous job as chief operating officer, the company said Tuesday. Cara Sylvester, who had been chief guest experience officer, will become the company's chief merchandising officer.

The changes will allow Target to move with greater speed, Fiddelke said.

“It’s the start of a new chapter for Target, and we’re moving quickly to take action against our priorities that will drive growth within our business,” Fiddelke said in a release.

Gomez and Sando will remain with the company for a short time to help with the transition, but the changes become effective Sunday.

Also on Tuesday, the company reiterated its profit guidance. It is also increasing investment in store staffing at stores while eliminating about 500 jobs at distribution centers and regional offices, according to a memo sent to employees that Target shared with The Associated Press. The cuts make up just a tiny fraction of Target's overall employee count of more than 400,000.

It is the first substantial change under Fiddelke, a 20-year company veteran who took over for Brian Cornell this month. The company's decision to choose an insider surprised many industry analysts who believe the company needs new ideas as it tries to revive sales.

Target has struggled to find its footing as many Americans have cut back on spending. Customers have also complained of disheveled stores that are missing the budget-priced niche that long ago earned the retailer the nickname “Tarzhay.”

The company has also been buffeted by consumer boycotts and backlash after it scaled back its corporate diversity, equity and inclusion initiatives.

It has also faced protests for what some critics see as an insufficient response to President Donald Trump's aggressive immigration enforcement tactics in Minneapolis, its hometown, where two U.S. citizens where fatally shot last month by federal agents.

Target has not commented publicly after federal agents detaining two of its employees this month — although Fiddelke sent a video message to the company’s 400,000 workers calling recent violence “incredibly painful."

Fiddelke was one of 60 CEOs of Minnesota-based companies who signed an open letter in January calling for state, local and federal officials to find a solution after the fatal shootings.

FILE - The Target logo displayed on a sign outside a store, Nov. 18, 2025, in Salem, N.H. (AP Photo/Charles Krupa, File)

FILE - The Target logo displayed on a sign outside a store, Nov. 18, 2025, in Salem, N.H. (AP Photo/Charles Krupa, File)

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