32 Strong Lane Yellowstone River Retreat is an extraordinary offering situated on over 6 acres just minutes from downtown Livingston that combines direct frontage on the legendary Yellowstone River, iconic mountain views, investment income & future development potential. The property includes 2 separate lots. Lot 3A includes 4.186+/- acres & features a 2, 130 sq. ft. 2-story home with 4 bdrms, 3 baths & an attached 2-car garage. The home underwent an extensive interior renovation in 2023 & is being offered turnkey & fully furnished. Currently operating as a highly successful short-term vacation rental accommodating up to 8 guests, the property has earned more than 60 five-star reviews & has established itself as a profitable investment property. Additional opportunity exists to expand the property's rental potential as the upstairs has remained locked & reserved as private owner's quarters. A future owner may choose to incorporate the upstairs into the rental space increasing the sleeping capacity to 12 +/- guests & creating an even stronger income. Income records are available upon request. Lot 4A includes 2.248+/- acres & offers a flat, buildable homesite with incredible views of Livingston Peak. This lot is located outside the floodplain and has DEQ approval for well & septic, creating a unique opportunity for a future residence, guest home, or long-term investment. Located on the legendary Yellowstone River, the property offers direct access for world-class fly fishing, floating & enjoying one of Montana's most treasured settings. Much of the property remains outside the 100-year floodplain & the home did not flood in 2022. Outdoor living is enhanced by a large deck, sweeping mountain views & peaceful gathering areas. Inside, the home reflects a warm Montana Style with comfortable gathering spaces, inviting finishes & a layout well suited for entertaining, relaxing or hosting guests. Whether used as a primary residence, second home, vacation rental or legacy investment, this property offers a rare combination of lifestyle, income, land, fishable water & exceptional location. Only one ownership transfer has occurred in the last 57 years underscoring just how rare it is that a property like this becomes available. Approximately 27 minutes from Bozeman & about 50 minutes from the entrance to Yellowstone National Park, this is a truly exceptional opportunity.