Nobody Sells More Real Estate Than RE/MAX Bear Lake- where you will find Homes, Farms, Ranches, Lots, and everything else for sale located in and around Bear Lake and Rich County. Montpelier has traditionally been a ranching, farming and mining town, but due to its location just a few miles north of beautiful Bear Lake, and nestled amongst national forest lands of the Rocky Mountains it is rapidly becoming a recreational center for the many people who are seeking a special retreat from big-city hustle and bustle in favor of Bear Lake Valley's beauty and solitude.