However, access to this lake is good, so it is an excellent spot for sight seeing, hiking and just relaxing. Montana lakefront property is one of the best types of MT real estate on the market, because there is enduring value to families who live or vacation on the lake. Know for its classic style, this is the perfect lake for old-fashioned family fun. A tributary of the Missouri River, the Jefferson River flows 77 miles through Montana. And the oft … Bigfork, Montana. Lakes located high in the mountains, and which also provide excellent fly fishing, are covered in the mountain fishing section. Montana is home to a rich and varied terrain. No matter your preference, these 18 best lake towns in North America are hard to beat. This section covers popular lakes located in the valleys and lower elevations of Montana. By . (Arguably one of the highest lake in the United States.) Bigfork, Montana. #21 Best Places to Live in Montana Current Resident : East Helena is a great place to raise a family. For all of human history, there has been something about bodies of water that draw us to them. Okay, Hawaii isn't exactly rife with lakes. Don’t leaving without catching a show at the Bigfork Summer Playhouse, a western Montana institution for more than 50 years. But the Big Island's Lake Waiau makes up for that scarcity with a breathtaking reservoir perched 13,000 feet above sea level. Perched at the north end of Flathead Lake, this thriving arts community is known for its galleries, fine dining, live music and theater. Think sightseeing cruises, tubing, and kayaking, or vineyard tours, hiking, and waterfront restaurants. The Federation of Fly Fishers is based in Livingston, and the community bills itself as having some of the best trout fishing in the world. Located a short distance from the famed Mauna Kea Observatories, it's a prime spot for stargazing by night. Flickr/Wesley Fryer This small town, located in northwest Montana, is next to one of the most scenic lakes in the state: the 27-mile freshwater Flathead Lake. The outdoor opportunities are endless, from fishing to hiking to biking and great parks it a wonderful place to live. But the best lake towns aren’t just about relaxation – that’s why we’re also featuring locales with plenty of adventure, both on the water and on land. Check out the best cities in the state to hang your (cowboy) hat. From the Rocky Mountains to the Glacier National Park and then the Great Plains, this state is still something of a wilderness. Stay at the Barn Inn at Lake Rabun, a 1920's stone-and-timber inn with a lake view, or check out Glen-Ella Springs Inn, a farmhouse-style inn, or the refined mountain lodge, Lake Rabun Hotel. Particularly in the west of the region, there are vast parklands to roam and explore. The Lake is actually very shallow and can become quite warm during the hotter summer months. 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