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Improved Agricultural Land for Sale in Cody, Wyoming

407 Diamond Basin Rd, Cody, WY 82414

$1,500,000
50.9 acres
Active sale
Est $7,922/mo

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.

Sq feet
2018
Built

Location

Street address
407 Diamond Basin Rd
Community
Cody - South Fork - Upper
School district
Park County District #6

Property details

Acreage
50.89 acres
MLS #
NWBOR 10031971
Posted

Details and features

Listing

Type
Residential Multi Family
Unit Count
3

Exterior

Fencing
Fenced, Gate
Structures
Outbuilding
Features
Acreage Fenced, Dirt Ditches, Hand Line, Horse Property, Irrigated, Natural Gas to Property, Private Entrance, Production Ground, RV/Boat/Trailer Parking, Rain Gutter

Structure

Heating
Electric, Forced Air
Cooling
None

Interior

Flooring
Carpet, Laminate, Linoleum
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer
Accessibility
Accessible Approach With Ramp
Features
Breakfast Bar, Ceiling Fan(s), Garage Door Opener, Handicap Access, Mud Room, Pantry, Walk-In Closet(s)

Listing history

DateEventPriceChangeSource
May 15, 2026New listing$1,500,000NWBOR
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This 50.89-acre property is located at 407 Diamond Basin Rd in Cody, WY 82414. The property is available for sale for $1,500,000. It has a structure built in 2018.

Listed by American West Realty & Management, (307) 587-9608

Checked 2 hours agoUpdated Source

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