407 Diamond Basin Rd, Cody, WY 82414

Property Description

Rare 50-acre property with three residences, multiple build sites, and development potential. This unique 50-acre property is ideal for a multi-dwelling compound, rental portfolio, ranch estate, or future development project. Two modern homes built in 2017 each offer a primary suite with full bathroom and walk-in closet, three additional bedrooms, a second full bath, laundry/mud room, and more. Single level, efficient layouts, and with contemporary finishes. Plenty of space to add garages or additional outbuildings. The third (original) residence provides 718 square feet of living space with an attached two-car garage, perfect for a guest house, caretaker’s residence, or rental unit. The land itself is the real asset: multiple building sites with panoramic mountain views in every direction. With 22 irrigated acres, pumps, and watering infrastructure in place, the property is well suited for horses, livestock, hobby farming, or future residential development. The soil is productive, the terrain is usable, and the scale allows for significant subdivision or expansion potential (subject to local approvals). Located approximately one hour from Yellowstone National Park and just minutes from Cody, this property offers a rare combination of privacy, income potential, and future upside. Wildlife, open space, and big-sky views create an exceptional setting for a private retreat, multi-family property, or income-producing investment.