Offered together is a rare 38.62-acre opportunity consisting of a 32.94-acre tract and 5.68-acre lot, perfectly positioned between Yellowstone National Park and Cody, WY, just 30 minutes from downtown Cody. The larger 32.94-acre parcel is subject to county restrictions allowing 3 acres to be buildable—clearly flagged and marked on the property—while the remaining acreage can be fully enjoyed but must remain in its natural state, preserving the land’s beauty and privacy. The 5.68-acre lot at the top of the property is entirely buildable, already subdivided, and corners-flagged, making it ideal for a new home site or a future investment resale. With sweeping, unobstructed views of the Absaroka Mountain Range and unmatched access to outdoor recreation right out your door, this property offers a unique blend of development potential and protected open space in one of Wyoming’s most sought-after locations. This property borders MLS #10032026.