Shelterwood Lodge is a gated 5+ acre private residence featuring a main house, guest house and large shop all newly constructed in 2021, a rare find in West Yellowstone, Montana! The property includes mature timber and expansive views from the main house with 4 bedrooms, 3.5 baths and 2 car garage, the guest house with 2 bedrooms, 2 bathrooms and 2 car garage, and a large 24x40 insulated/heated shop, with room for RV or vehicle storage, water and 14 tall door. This private location backs to over 2 million acres of public lands, including U.S. Forest Service and Yellowstone National Park, providing plenty of hiking trails, groomed snowmobile trails and horse trails out your back door with the convenience of being less than 10 minutes away from downtown West Yellowstone, the entrance to Yellowstone National Park and boating/water skiing on nearby Hebgen Lake. Relax and enjoy the great outdoors from each home both indoors, thru the expansive windows, and outdoors, from the 360 degree wrap around covered decks, with private hot tubs. Other attributes include open kitchen/living/dining with vaulted ceilings and bonus family/game room in each home, efficient soapstone Tulikivi double sided fireplace and soapstone fireplace, two large outdoor campfire areas, up to 2 horses allowed, fencing on half the property, zoned for short term rentals and within close proximity to many Idaho and Montana Blue Ribbon streams. The owners have created the ideal setting for hosting large families, adventurous groups and corporate retreats - resulting in all 5-star reviews from their rental guests. Property is selling completely furnished turn-key with fully stocked kitchens and linens move right in or continue operating the property as one of the best vacation rentals in the area the moment you close. Owner currently hosts vacation rentals in both homes May thru the first week in January each year, this is by choice. Gross revenue for that time frame in 2021 was $182k, in 2022 $210k and in 2023 $249k - there is a high potential for additional rental income in Jan/Feb/March/April with winter Yellowstone Park enthusiasts, Nordic skiers and snowmobilers frequenting the area during the winter. This is an ideal investment property, family/corporate retreat or full-time residence! Neighboring vacant land on Lot 2 is also for sale and includes 5+ acres with Buttermilk Creek running thru it, see MLS #388040. This listing is cross referenced with commercial listing MLS #390731.