50-Acre Property with Development
407 Diamond Basin Rd Cody, WY 82414
407 Diamond Basin Rd, Cody, WY, 82414
$1,500,000
For Sale
$1,500,000
MULTI_FAMILY - Cody, WY
Property Size718 SF
Lot Size50.89 Acres
Price / SF$2,089
Days on Market176
Property Features for 407 Diamond Basin Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Deck
- Interior features
- Breakfast Bar, Ceiling Fan(s), Garage Door Opener, Handicap Access, Mud Room, Pantry, Walk-in Closet(s)
- 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
- Fencing
- Gate, Fenced
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 718 SF
- Lot size
- 50.89 Acres
Taxes and HOA fees
- Tax Description
- 50.89 AC. DES. AS: LOT 42-O 41.45 AC. & A 9.44 AC. PARC. IN LOT 2 SEC. 32 T52 R102
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 2018
- Number of units
- 3
- Flooring type
- Linoleum, Laminate, Carpet, Combination
- Additional Structures
- Outbuilding
Listing Agency
American West Realty & Management
(307) 587-9608
2945 Big Horn Avenue, Cody, WY
Listed by
Nathan Gesner · License #12599
(307) 587-9608
Added: Jan 23 Checked: Jul 18 at 7:06 am
MLS# 10031971
Listing URL
Copyright © 2026 Northwest Wyoming Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 50-acre property features three residences and multiple build sites, offering development potential. Two modern homes, constructed in 2017, each include a primary suite with a full bathroom and walk-in closet, three additional bedrooms, a second full bath, and a laundry/mud room. These single-level homes feature efficient layouts and contemporary finishes, with space to add garages or outbuildings. The third, original residence provides 718 square feet of living space and an attached two-car garage, suitable as a guest house, caretaker's residence, or rental unit. The land includes multiple building sites with panoramic mountain views. With 22 irrigated acres, pumps, and watering infrastructure, the property is suited for horses, livestock, hobby farming, or future residential development. The soil is productive, and the terrain is usable, allowing for subdivision or expansion potential, subject to local approvals. Located approximately one hour from Yellowstone National Park and minutes from Cody, the property offers privacy, income potential, and future upside. It is suited for a private retreat, multi-family property, or income-producing investment.
Key Highlights
- Rare 50‑acre property with development potential, ideal for a multi‑dwelling compound, rental portfolio, or ranch estate.
- Three residences included: two modern homes (built in 2017) and an original residence suitable as a guest house or rental.
- Multiple building sites with panoramic mountain views.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Land
Similar For Sale Nearby
FAQs
What type of property is this?
Land - Rare property ideal for multi-dwelling, rental, ranch, or development.
Where is this land located?
The property is located at 407 Diamond Basin Rd Cody, WY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Rare 50‑acre property with development potential, ideal for a multi‑dwelling compound, rental portfolio, or ranch estate.; Three residences included: two modern homes (built in 2017) and an original residence suitable as a guest house or rental.; Multiple building sites with panoramic mountain views.
