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For sale
Land
WY
Cody
82414
407 Diamond Basin Rd

50-Acre Property with Development Potential

407 Diamond Basin Rd, Cody, WY 82414

View on Map

For Sale

$1,500,000

MULTI_FAMILY - Cody, WY

Property size:

718 SF

Lot size:

50.89 Acres

Price / SF:

$2,089/SF

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.
22 irrigated acres with existing pumps and watering infrastructure, suitable for horses, livestock, or farming.
Located one hour from Yellowstone National Park and minutes from Cody, WY.
Includes desirable features such as walk‑in closets, mud room, irrigated land, and horse property amenities.

We can help!

Contact an agent

Nathan Gesner

For Sale

$1,500,000

MULTI_FAMILY - Cody, WY

Property size:

718 SF

Lot size:

50.89 Acres

Price / SF:

$2,089/SF

Added:: Jan 23, 2026
Days on Market:: 159
Last Refresh:: Jul 1 at 10:06 am

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

We can help!

Contact an agent

Nathan Gesner

Listing agent Nathan Gesner License #12599

Listing office American West Realty & Management 2945 Big Horn Avenue, Cody, WY

Listing date Jan 23, 2026

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.

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.
22 irrigated acres with existing pumps and watering infrastructure, suitable for horses, livestock, or farming.
Located one hour from Yellowstone National Park and minutes from Cody, WY.
Includes desirable features such as walk‑in closets, mud room, irrigated land, and horse property amenities.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Location Insight

Map
Local Demand

City: Cody
County: Park
State: Wyoming
Longitude: -109.1569364
Latitude: 44.43038665

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For sale
Land
WY
Cody
82414
407 Diamond Basin Rd

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.

407 Diamond Basin Rd, Cody, WY 82414

MULTI_FAMILY - Cody, WY

Property Features for 407 Diamond Basin Rd

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Mixed-Use Property in Cody

Single-Level Duplex with Finished Potential

Land with River Access

Established Motel Near Yellowstone Park

Turnkey RV Park Near Yellowstone

Irrigated Ranch Land with Improvements

Fully Irrigated Acreage

Waterfront Land with Utility Access

Prime Commercial Corner Location in Cody

Vacant Lot in Copperleaf Subdivision

Profitable Laundromat Business and Building

Cody Trout Ranch Campground

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