The Dry Fly River Ranch is located 18 miles south of Ennis along the Madison River between the two mountain ranges and north of Yellowstone National Park. It has several private spring fed ponds for fishing, and there are ranch facilities for horseback riding. This ranch does not have a conservation easement in place so major tax benefits are available. There are about 3,377 deeded acres plus 1,000 acres of leases along about 5 miles of the Madison River. Lands include irrigated and sub irrigated hay meadows, brushy river bottoms, and expansive benches used for hay and pasture. This is a first time offering since the 1950's.