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Representative photo — land listing in Shepherd, Yellowstone, Montana, 2.03 acres

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Last updated October 26, 2026

Yellowstone, Montana

2.03 acres in Yellowstone

L11B2 Rio Lobo Cir, Shepherd, MT 59079 · Listed 18 months ago · Listing montana-yellowstone-151

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Hello, I am interested in this parcel: MLS #: 353257 Price: $65,900 Location: L11B2 Rio Lobo Cir, Shepherd, MT 59079 Listing page: https://landalertsusa.com/listing/montana-yellowstone-151 Please let me know the next steps to buy or learn more. Thank you.

What this listing shows

2.03 acres at $65,900 ($32,463/acre) in Shepherd, Yellowstone County, Montana 59079. Listed Jun 4, 2025, 509 days on market · Billings 353257.

What price per acre means here

$65,900 divided by 2.03 acres works out to $32,463/acre. Use that number to compare this parcel against land of any other size — a smaller lot with a lower sticker price can still be far more expensive per acre.

Price-per-acre projection

What if the land were worth more per acre?

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Projected per acre

$48,695/acre

Projected value

$98,851

Vs. price

+$32,951

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