On the north face of Lone Peak, where the wilderness begins and the ski runs seem to go on without end, Moonlight Basin operates at a level most mountain communities only gesture toward. This is not a resort neighborhood. It is a private 8,000-acre landscape where ski-in/ski-out estates, lakeside cabins, and the first One&Only resort in North America coexist with 17,000+ acres of permanently conserved open land. Ownership here is not about square footage. It is about belonging to one of the most extraordinary places on earth.

Population

Moonlight Basin has a small full-time residential community with a significantly larger seasonal ownership base. The median age of residents is 51, reflecting an ownership profile of accomplished buyers who have found exactly what they were looking for.

Schools

Families in Moonlight Basin are served by the Big Sky School District (BSSD #72), including Lone Peak Elementary and Lone Peak High School — an intimate institution known for small class sizes, exceptional outdoor education programming, and a community that understands why people choose to live here.

Types of Homes

Real estate in Moonlight Basin ranges from alpine townhomes and slopeside condominiums to custom mountain estates on acreage tracts and branded residences at the One&Only Moonlight Basin — which opened winter 2025 as the brand's first North American property. The community encompasses 14+ distinct neighborhoods, each with its own character, views, and relationship to the ski terrain and wilderness beyond.

Average Housing Cost

Entry-level ownership in Moonlight Basin begins at approximately $2M for smaller condominiums and cabin properties. Custom estates and large-acreage parcels range from $5M to $15M+. One&Only branded residences represent the pinnacle of the market. This is ultra-luxury mountain real estate, priced accordingly.

Local Amenities

Direct ski-in/ski-out access to Big Sky Resort — the largest ski resort in the United States by skiable acreage. Jack Nicklaus Signature Golf Course at The Reserve — considered among the most scenic mountain golf experiences in the world. Three resident lodge facilities with dining and après amenities. Moonlight Outfitters for guided hunting, fishing, and adventure services. Private Nordic and hiking trail network. Immediate adjacency to the Lee Metcalf Wilderness.