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$1,500,000
50.89± Acres
Active
Park County, WY
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407 Diamond Basin Rd, Cody, Wyoming

MLS ID: 10031971
Status: Active
Price: $1,500,000
Acres: 50.89±
Type: Multi-Family
Address: 407 Diamond Basin Rd
City, State: Cody, WY
County: Park County
ZIP Code: 82414
Lat/Long: 44.430386648283, -109.15693640608

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.

Directions: 24 Hour Notice, Pet(s) on Premises, Call Listing Agent

Additional Information

Interior

Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
Flooring: Carpet, Combination, Laminate, Linoleum
Garage Spaces: 2 Stalls, Attached
Interior Features: Breakfast Bar, Ceiling Fan(s), Garage Door Opener, Handicap Access, Mud Room, Pantry, Walk-in Closet(s)

Exterior

Exterior Features: Acreage Fenced, Dirt Ditches, Hand Line, Horse Property, Irrigated, Natural Gas to Property, Outbuilding(s), Production Ground, Rain Gutter, RV/Boat/Trailer Parking, Private Entrance
Lot Features: Level, Steep Slope, None
Patio and Porch Features: Deck
Road Responsibility: Public Maintained Road
Road Surface Type: Paved (Road Surface Type)

Financial/HOA/Schools

Water Sewer Expense: Septic Tank

Maps

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William Cramer

William Cramer

Cody, Wyoming

(307) 272-4431

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of March 7, 2026 at 12:00:00 PM UTC.

The data relating to real estate on this web site comes in part from the Broker Internet Data Exchange Program of the Northwest Wyoming Board of REALTORS®. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. © 2026 Multiple Listing Service of Northwest Wyoming Board of REALTORS®, Inc.

Listed By: Nathan Gesner of American West Realty & Management