The allure of the American West continues to grow, and Montana is home to some of the country’s most picturesque ranch properties . If you’re in the market for a ranch that pairs luxury living with the great outdoors, Running Elk Ranch may be for you. Not only is this one of Montana’s priciest ranches, but it’s primed to become a trophy estate that is passed down generations.

Located in Bozeman Running Elk Ranch is listed for just shy of $79 million and spans a whopping 1,940 acres. The sellers are Bandel Carano, a California-based venture capitalist, and his wife, Paula Carano, who purchased several parcels of adjacent land here in Gallatin Valley in the early 2000s and completed the property’s cabins in 2005. The ranch gets its name after the abundant local elk population; in fact, one herd has made the ranch its home and roams the property.

The property also plays host to nearly every Rocky Mountain West animal and bird species, from deer to antelope and eagles. It’s situated at the base of the Bridger Mountains, a subrange of the Rocky Mountains, and is bordered by 72,000 acres of Gallatin National Forest. It’s conveniently located, however, just 11 miles from downtown Bozeman.

Comprised of rolling hills strewn with Alpine trees and Aspen-filled meadows, meandering creeks and springs that spill into scenic ponds with majestic mountain backdrops, the ranch has two residences: a main house and an Alpine cabin. Designed by Locati Architects, the main residence .