McLeod, Montana’s Burnt Leather Ranch has historically been comprised of several parts that worked together to form a well-balanced and recreationally diverse Montana ranch. We are privileged to offer for sale what is referred to by the ranch owner as the “Old Steen Place.” The Steen Place portion of the ranch includes the headquarters of the Burnt Leather Ranch as well as its most valuable recreational resources. This is the portion for which the Burnt Leather is famous, primarily because of the over two miles of both sides of the West Boulder River, which flows through the Montana ranch, providing one of the most scenic and prolific stretches of water on which to catch trout in the lower 48 states.

Burnt Leather Ranch in Montana is arguably the most coveted ranch in the most desirable neighborhood for recreational ranches in Montana. It provides a window to the very best of the Northern Rockies and a privileged place in nature alongside one of America’s great wildernesses.


  • 623± acres of Montana land for sale and 80± acres of BLM Lease
  • Over 2 miles of both sides of the world-renowned West Boulder River
  • Headquarters of the Burnt Leather Ranch
  • Arguably the most scenic fly-fishing experience in Montana
  • 15± minutes to the main Boulder River and 30± minutes to the Yellowstone River
  • Entire Montana ranch under Conservation Easement
  • Outstanding wildlife; deer, elk, moose, black bear and the occasional grizzly, mountain lion and wolf., antelope, turkey, Hungarian partridge, sharptail grouse and waterfowl.
  • Located in the heart of the Greater Yellowstone Eco-System
  • Just 35±minutes from Livingston, MT

Our Reach

Special properties deserve an exceptional land brokerage company like Fay Ranches. Our team has the knowledge, proven record of success, and a deep appreciation for the land and its traditions. We know how to market your unique property to the right audience. We invite you to learn more about our approach. Please call us at 800-238-8616 or click on the link below for more information.

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