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Lot/Land
1 acre lot
Garage
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About this House
Legacy Waterfront on Upper Thompson Lake | 36 Rainbow Court | Libby, MT
Rare opportunities like this don't come along often. This exceptional 1.001-acre waterfront property offers 186 feet of private frontage on beautiful Upper Thompson Lake, one of the gems of Montana's Thompson Chain of Lakes.
Unlike vacant waterfront land, this property is ready to enjoy today while you plan your dream home. Existing improvements include a private well, septic system, electrical service, large dock, boat lift, personal watercraft port, and a small storage garage, along with room and hookups to accommodate up to three RVs—perfect for hosting family and friends all summer long.
Spend your days boating, fishing, paddleboarding, kayaking, swimming, or simply relaxing on your own private shoreline. Wake up to the sound of loons and end each evening with breathtaking sunsets over crystal-clear mountain waters.
Upper Thompson Lake is well known for excellent fishing, including bass and trout, and is surrounded by thousands of acres of National Forest offering hiking, hunting, ATV riding, snowmobiling, and year-round recreation. Happy's Inn is just minutes away for dining, fuel, and live music, while Kalispell, Libby, Glacier National Park, and Glacier Park International Airport are all within a comfortable drive.
One of the property's greatest values is its rarity. Opportunities to purchase a buildable waterfront parcel on Upper Thompson Lake are becoming increasingly scarce, making this an exceptional opportunity to create a lasting Montana legacy.
Whether you're looking for a family retreat, vacation property, or future lakefront home, this property offers the perfect combination of privacy, recreation, and investment potential.
Property Highlights:
1.001 acres
186 feet of private waterfront
Private well, septic, and electrical service
Large dock, boat lift, and personal watercraft port
Three RV hookup sites
Small storage garage
Mature trees and beautiful level building area
Private gate.
Endless year-round recreation
Offered at $849,000.
Buyer's agents are welcome, and the seller is willing to work with and compensate a licensed buyer's agent.
Rare opportunities like this don't come along often. This exceptional 1.001-acre waterfront property offers 186 feet of private frontage on beautiful Upper Thompson Lake, one of the gems of Montana's Thompson Chain of Lakes.
Unlike vacant waterfront land, this property is ready to enjoy today while you plan your dream home. Existing improvements include a private well, septic system, electrical service, large dock, boat lift, personal watercraft port, and a small storage garage, along with room and hookups to accommodate up to three RVs—perfect for hosting family and friends all summer long.
Spend your days boating, fishing, paddleboarding, kayaking, swimming, or simply relaxing on your own private shoreline. Wake up to the sound of loons and end each evening with breathtaking sunsets over crystal-clear mountain waters.
Upper Thompson Lake is well known for excellent fishing, including bass and trout, and is surrounded by thousands of acres of National Forest offering hiking, hunting, ATV riding, snowmobiling, and year-round recreation. Happy's Inn is just minutes away for dining, fuel, and live music, while Kalispell, Libby, Glacier National Park, and Glacier Park International Airport are all within a comfortable drive.
One of the property's greatest values is its rarity. Opportunities to purchase a buildable waterfront parcel on Upper Thompson Lake are becoming increasingly scarce, making this an exceptional opportunity to create a lasting Montana legacy.
Whether you're looking for a family retreat, vacation property, or future lakefront home, this property offers the perfect combination of privacy, recreation, and investment potential.
Property Highlights:
1.001 acres
186 feet of private waterfront
Private well, septic, and electrical service
Large dock, boat lift, and personal watercraft port
Three RV hookup sites
Small storage garage
Mature trees and beautiful level building area
Private gate.
Endless year-round recreation
Offered at $849,000.
Buyer's agents are welcome, and the seller is willing to work with and compensate a licensed buyer's agent.
Home Details for 36 Rainbow Ct
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Exterior Home Features Roof: Metal |
Parking & Garage GarageParking: Garage Detached |
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Days on Market: 48 days on Trulia |
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Property Type / Style Property Type: Lot Land |
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Lot Area: 1 acre |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
Market trends in Libby
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
100
5MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.24 | Lot/Land | - | 02/13/26 | - | - | ||
1.45 | Lot/Land | - | 02/20/26 | - | - | ||
1.96 | Lot/Land | - | 04/24/26 | - | - | ||
2.51 | Lot/Land | - | 10/22/25 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.24 | - | - | - | - | Recently Sold | |
0.26 | $723,100 | 1 | 1 | 390 | Off Market | |
0.28 | $1,766,100 | 3 | 3 | 3,136 | Off Market | |
0.30 | $562,900 | 3 | 2 | 1,650 | Off Market | |
0.70 | $899,400 | 4 | 2 | 2,657 | Off Market | |
1.11 | $1,950,000 | 4 | 3.5 | 2,758 | For Sale | |
1.16 | - | - | - | - | Off Market | |
1.17 | - | - | - | - | Off Market | |
1.28 | - | - | - | - | Off Market | |
1.39 | $275,000 | - | - | - | For Sale | |
1.41 | $390,000 | 2 | 1 | 858 | For Sale | |
1.45 | - | - | - | - | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 28, 2026 Source: N/A | Listed For Sale | $849,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,498 | $451,660 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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36 Rainbow Ct, Libby, MT 59923 is a lot/land. 36 Rainbow Ct is located in Happys Inn, Libby. This property is currently available for sale and was listed on Jul 28, 2026.