Looking for a 1031 Exchange Property in Big Sky? Consider 13 Heavy Runner Road #1703

If you have recently sold an investment property and are considering a 1031 exchange into Big Sky real estate, timing matters. Buyers completing a 1031 exchange generally have a limited window to identify potential replacement properties, making it important to understand the available inventory and begin evaluating options quickly.

Big Sky offers a variety of real estate that may be worth considering for buyers pursuing a 1031 exchange, including condominiums, townhomes, vacation rentals and other properties that may be held for investment purposes.

One current opportunity is 13 Heavy Runner Road #1703, a one-bedroom condominium in Skycrest Condos in Big Sky’s Mountain area. This is Big Sky Country MLS 407770 and is listed by Mia Lennon.

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What Is a 1031 Exchange?

A 1031 exchange refers to Section 1031 of the Internal Revenue Code and can allow an owner of qualifying real estate held for investment or business purposes to defer recognition of certain capital gains when exchanging it for qualifying replacement real estate.

There are important requirements and deadlines involved. In a typical deferred exchange, potential replacement property generally must be identified within 45 days, and the replacement property generally must be acquired within 180 days of transferring the relinquished property, subject to applicable tax-return deadlines.

Whether a particular property or transaction qualifies depends on the individual circumstances. Buyers should work directly with their tax advisor, attorney and Qualified Intermediary before proceeding with an exchange.

Why Consider Big Sky for a 1031 Exchange?

Big Sky attracts property owners from across the country and offers a range of residential real estate that may be held for 1031 purposes.

Depending on the property, buyers may find opportunities in resort condominiums, townhomes, single-family residences and other real estate throughout the Big Sky area.

For a 1031 buyer, the right property will depend on much more than location and purchase price. Rental history and potential, HOA dues, property management, taxes, insurance, rental restrictions and intended personal use are all factors that may need to be considered.

Because Big Sky’s inventory can vary significantly by neighborhood and property type, understanding the differences between available properties can be especially important when working within the timeline of a 1031 exchange.

A Current Big Sky Property to Consider: 13 Heavy Runner Road #1703

Currently offered for sale at $669,500, 13 Heavy Runner Road #1703 is a one-bedroom, one-bath condominium offering approximately 803 square feet in Skycrest Condos.

Located in Big Sky’s Mountain area, the condo offers impressive head-on views of Lone Peak and Big Sky Resort. The residence includes a wood-burning fireplace, sunroom, private patio opening to open space, new windows, recent interior paint and remotely controlled thermostats.

For owners who plan to spend time enjoying Big Sky themselves, there are also practical mountain-living features including covered underground parking and an oversized storage unit with an owner lock-off for skis, bikes and other gear. . The combination of location, manageable size and rental potential makes 13 Heavy Runner #1703 a property that may be worth evaluating for someone searching for replacement real estate in Big Sky.

Can a Big Sky Condo Be Used in a 1031 Exchange?

Potentially, but simply purchasing a condominium does not automatically make a transaction eligible for 1031 treatment.

Generally, the real estate must satisfy applicable IRS requirements regarding property held for investment or use in a trade or business. How the buyer intends to own and use a Big Sky property can therefore be important.

This is particularly relevant in resort markets where owners may be considering a combination of rental and personal use.

Before identifying or purchasing a property as part of an exchange, buyers should discuss their plans with their CPA, tax attorney and/or Qualified Intermediary to determine whether the property and intended ownership structure are appropriate for their particular exchange.

What Should a 1031 Buyer Look for in a Big Sky Property?

The answer depends on your goals.

Some buyers prioritize rental potential and ease of ownership. Others may place greater emphasis on proximity to skiing, views, property management options, amenities or a particular area of Big Sky.

When evaluating a potential replacement property, it is important to look beyond the purchase price. HOA dues, taxes, insurance, rental rules, historical rental information, furnishings, property management and potential assessments can all be relevant to understanding the complete ownership picture.

A local real estate agent can help gather this property-specific information and identify available real estate that meets your criteria, while your tax and legal advisors can help determine whether a property is appropriate for your exchange.

Working Against the 45-Day 1031 Identification Deadline?

If you are already in the middle of a 1031 exchange, you may not have months to casually explore the Big Sky real estate market.

We can help identify currently available properties based on your purchase price, preferred property type, location, rental objectives and timeline. We can also provide property information and coordinate showings remotely or in person to help you efficiently evaluate the available options.

Maybe 13 Heavy Runner Road #1703 is the right fit? 

Looking for a 1031 Exchange Property in Big Sky?

Contact Mia Lennon, a local Big Sky real estate expert, to learn more about 13 Heavy Runner Road #1703 or other real estate currently available in Big Sky.

Whether you’re already working within your 45-day identification period or are simply beginning to explore a future 1031 exchange, Mia can help you understand the Big Sky real estate market, identify potential properties and gather the information you need to evaluate your options.

Please note: 13 Heavy Runner Road #1703 is an active real estate listing as of the publication date of this article (09.25.2026). Pricing, terms and availability are subject to change, and the property may be under contract or no longer available when you read this. Contact Mia Lennon for current availability and other Big Sky real estate opportunities.

This article is provided for general informational and real estate marketing purposes only and is not intended as tax, legal, accounting or investment advice. A 1031 exchange is subject to specific IRS requirements, deadlines and individual circumstances. Neither the property nor the real estate agents are representing that 13 Heavy Runner Road #1703 will qualify for any particular buyer’s 1031 exchange. Buyers should consult with their CPA, tax attorney and/or Qualified Intermediary regarding their individual transaction. All property information is deemed reliable but is not guaranteed and should be independently verified.