Veritas Lodge sits just one mile downstream of the Yellowtail Dam near Fort Smith, Montana, on 47± riverfront acres of one of the most iconic flyfishing tailwaters in the lower 48. The property has over one-quarter mile of frontage on the river, a gently rolling topography of chokecherry and buffalo berry bushes, willows and cottonwoods, a spring, and several small coulees. Ringneck pheasant, whitetail deer, black bear, fox, coyote, and small game abound.

With one of the highest concentrations of wild brown and rainbow trout per mile in the west, the Bighorn River is an angler’s paradise. The lodge puts you in the heart of this incredible fishing experience, with a luxurious headquarters from which to begin and end your long days on the river. Being a tailwater fishery, the river below the dam never freezes in winter and is home to some of the state’s best waterfowl and wild pheasant hunting.

Veritas Lodge was built 13 years ago by two fun-loving and serious flyfishing couples seeking a Montana retreat. It has two large decks on the front and back, opening up to both bedrooms. The great room has a high vaulted ceiling with retractable windows, which provide wonderful natural light, a custom elk antler chandelier, and glass spanning the entire gable end of the lodge overlooking the river.

There are two master bedrooms with a bath and another bathroom in the main lodge. Central air conditioning, forced air, and a gas fireplace add to the comfort. All of the furniture, appliances, and some of the artwork and taxidermy/hides will go with the lodge. It is situated below the hill leading to the river, out of view from the main road with a private gate.

Veritas Lodge is equidistant from Billings, Montana, or Sheridan, Wyoming, at 90 minutes from either airport. There is also a 3,837-foot paved public airstrip at Fort Smith where daylight landings of private planes are permissible.


  • 47± acres
  • 2,100± square foot custom luxury lodge
  • Quarter-mile of Bighorn River frontage
  • Outstanding waterfowl and fishing habitat with open water year-round
  • Beautiful Bighorn and Pryor Mountain views
  • Close proximity to Bighorn Canyon National Recreation Area
  • Large front and back decks
  • Close to Billings, Montana & Sheridan, Wyoming
  • Private plane public airstrip nearby
  • Located 1.5 miles from Fort Smith, Montana

Contact the Fay Ranches
Land Professionals

Fay Ranches is headquartered in Bozeman, Montana with offices from coast to coast. For over two decades we have specialized in helping investors locate and acquire the finest land assets in the country, including farms, ranches, timberland, plantations, and vineyards.  When it comes time to sell your land, we use an extensive marketing platform and unrivaled reach to attract an exclusive pool of qualified investors.

Listing Presented by

Contact George Duke
Ranch Sales
Licensed in: MT, WY
Contact Dane Reed
Ranch Sales
Licensed in: MT, WY

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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