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$13,400,000
25-1239 MLS
Spanning nearly 2,400 acres of rolling foothills, productive grazing land, and sweeping Bighorn Mountain views, Sheridan Hills Ranch is one of the most significant and versatile land offerings to come to market in decades. Ideally positioned along the southeastern border of the City of Sheridan, this expansive property lies in the highly sought-after corridor between Sheridan and Big Horn—an area celebrated for its natural beauty, exclusivity, and enduring value. With over 1,000 acres zoned Urban and Rural Residential, the ranch provides exceptional small-acreage development potential in a county where such land is extraordinarily limited. Sheridan Hills Ranch stands as one of the last—and by far the largest—contiguous properties bordering Sheridan with this level of zoning and long-term growth capability, creating a rare opportunity for developers, investors, and visionaries. Importantly, no conservation easement is currently in place, giving the next owner the unique ability to explore a conservation easement strategy with all the financial, tax, and stewardship benefits traditionally associated with such programs, an option seldom available at this scale and location. The ranch is exceptionally well watered, featuring six large, developed reservoirs totaling nearly 30 acre-feet, supporting ranch operations and enhancing wildlife habitat. Mule deer, whitetail deer, Merriam's turkey, and upland bird species frequent the property, making it an outstanding recreational and sporting asset. A significant advantage of this holding is the numerous deeded access points along the west side of the ranch, providing ideal ingress/egress and enabling multiple independent or phased development projects across the landscape. Located just minutes from world-class polo at the Big Horn Equestrian Center, Flying H Polo Club, and the charming community of Big Horn, the ranch also offers quick access to endless recreation in the Bighorn Mountains, from hiking and horseback riding to hunting, fishing, skiing, and more. With its scale, location, zoning flexibility, water resources, wildlife, and rare conservation potential, Sheridan Hills Ranch stands as one of Wyoming's premier legacy land offerings, a once-in-a-generation opportunity in one of the West's most desirable regions.

99 E Lane Ln, Sheridan

$8,901,868
25-829 MLS
Rare opportunity to acquire the Morrison Ranch development, a highly desirable location that combines immediate sales potential with long-term growth. The property includes over 28 acres of undeveloped land, and approximately 11.5 acres of natural open space. With breathtaking mountain views and close proximity to town, Morrison Ranch is an ideal setting for new home construction in one of the fastest-growing counties in the state. The development also offers diverse future possibilities, including valuable high-traffic frontage along Big Horn Avenue and nearly 30 acres of residential development potential. Whether you're seeking ready to sell inventory, large-scale residential expansion, or mixed-use development, Morrison Ranch delivers both immediate returns and a strong opportunity for continued growth. Its combination of location, scale, and flexibility makes this a truly unique investment opportunity.

Morrison Ranch Road, Sheridan

$585,000
25-580 MLS
This gorgeous homesite sits just above the Mountain Hole #8 at The Powder Horn—Wyoming's top-ranked golf course—and offers some of the most stunning views in the community. From the pond below to the rolling valley and the Bighorns in the distance, every angle is postcard-worthy. Tucked away on a quiet cul-de-sac with easy access to the Powder Horn Clubhouse and all the amenities, this property is the perfect blend of privacy and convenience. Walk the land and you'll feel it too—there's something special about this park-like setting that just feels like home. Combining the advantages of small town living with beautiful views, fresh air, low taxes and the #1 golf course in the state, The Powder Horn Golf Community and Wyoming are consistently named as among of the best places in America to retire with very favorable taxes and no state income tax. The sun shines on this golf and recreational oasis where the generally mild weather at 3,800 feet offers year-round outdoor adventure. Nestled at the base of the majestic Big Horn Mountains near Sheridan, Wyoming, this unique community provides an exceptional brand of western living - a casual gathering place for family and friends. We invite you to come for a visit and learn more about our real estate and club membership opportunities. The Powder Horn is rated one of Where to Retire Magazine's "Top 100 Master Planned Communities." It was listed by Links Magazine as a Premiere Property and named a "Best Development in the High Country" by Mountain Living Magazine; Travel + Leisure Golf included The Powder Horn on its list of "America's Top100 Golf Communities." The 27-hole golf course has also earned several national accolades and awards. The Powder Horn's status as a designated National Audubon Cooperative Sanctuary ensures a peaceful environment for many varieties of wildlife. All owners may join the Private Troon Prive Managed Golf Club Beautiful full-service clubhouse, 27 holes of golf, pool, spa, tennis courts, fitness center, and tons of social events for our members.

Tbd Lariat Ct Unit Lot D-7, Sheridan

$449,000
26-46 MLS
Gillispie Draw Subdivision offers the perfect blend of Wyoming freedom and thoughtful planning just minutes from Sheridan, one of the most beloved communities in the West. Known for its strong sense of community, vibrant downtown, top-rated schools, outdoor recreation, and unmatched access to the Bighorn Mountains, Sheridan offers small-town charm and an exceptional quality of life. Gillispie Draw features spacious tracts ranging from 4+ to 9+ acres, providing privacy, wide-open space, and flexibility for custom homes. This animal-friendly subdivision allows horses and livestock. It is well-suited for an authentic rural Wyoming lifestyle, with room for barns, shops, loafing sheds, tack rooms, and hay storage Protective, yet owner-friendly covenants allow a variety of custom home designs while maintaining long-term value through architectural review, approved exterior materials, and thoughtful placement of accessory buildings. Privately maintained roads, underground utilities, and platted easements preserve open views and ensure convenient access. Gillispie Draw is an excellent choice for buyers seeking space, privacy, animal-friendly living, and custom homes. With the lifestyle, amenities, and western heritage that make Sheridan, Wyoming, such a special place to call home.

Lot 14 Gillispie, Sheridan

$419,000
26-43 MLS
Gillispie Draw Subdivision offers the perfect blend of Wyoming freedom and thoughtful planning just minutes from Sheridan, one of the most beloved communities in the West. Known for its strong sense of community, vibrant downtown, top-rated schools, outdoor recreation, and unmatched access to the Bighorn Mountains, Sheridan offers small-town charm and an exceptional quality of life. Gillispie Draw features spacious tracts ranging from 4+ to 9+ acres, providing privacy, wide-open space, and flexibility for custom homes. This animal-friendly subdivision allows horses and livestock. It is well-suited for an authentic rural Wyoming lifestyle, with room for barns, shops, loafing sheds, tack rooms, and hay storage. Protective, yet owner-friendly covenants allow a variety of custom home designs while maintaining long-term value through architectural review, approved exterior materials, and thoughtful placement of accessory buildings. Privately maintained roads, underground utilities, and platted easements preserve open views and ensure convenient access. Gillispie Draw is an excellent choice for buyers seeking space, privacy, animal-friendly living, and custom homes. With the lifestyle, amenities, and western heritage that make Sheridan, Wyoming, such a special place to call home.

Lot 11 Gillispie, Sheridan

$399,000
26-42 MLS
Gillispie Draw Subdivision offers the perfect blend of Wyoming freedom and thoughtful planning just minutes from Sheridan, one of the most beloved communities in the West. Known for its strong sense of community, vibrant downtown, top-rated schools, outdoor recreation, and unmatched access to the Bighorn Mountains, Sheridan offers small-town charm and an exceptional quality of life. Gillispie Draw features spacious tracts ranging from 4+ to 9+ acres, providing privacy, wide-open space, and flexibility for custom homes. This animal-friendly subdivision allows horses and livestock. It is well-suited for an authentic rural Wyoming lifestyle, with room for barns, shops, loafing sheds, tack rooms, and hay storage. Protective, yet owner-friendly covenants allow a variety of custom home designs while maintaining long-term value through architectural review, approved exterior materials, and thoughtful placement of accessory buildings. Privately maintained roads, underground utilities, and platted easements preserve open views and ensure convenient access. Gillispie Draw is an excellent choice for buyers seeking space, privacy, animal-friendly living, and custom homes. With the lifestyle, amenities, and western heritage that make Sheridan, Wyoming, such a special place to call home.

Lot 10 Gillispie, Sheridan

$479,000
26-47 MLS
Gillispie Draw Subdivision offers the perfect blend of Wyoming freedom and thoughtful planning just minutes from Sheridan, one of the most beloved communities in the West. Known for its strong sense of community, vibrant downtown, top-rated schools, outdoor recreation, and unmatched access to the Bighorn Mountains, Sheridan offers small-town charm and an exceptional quality of life. Gillispie Draw features spacious tracts ranging from 4+ to 9+ acres, providing privacy, wide-open space, and flexibility for custom homes. This animal-friendly subdivision allows horses and livestock. It is well-suited for an authentic rural Wyoming lifestyle, with room for barns, shops, loafing sheds, tack rooms, and hay storage. Protective, yet owner-friendly covenants allow a variety of custom home designs while maintaining long-term value through architectural review, approved exterior materials, and thoughtful placement of accessory buildings. Privately maintained roads, underground utilities, and platted easements preserve open views and ensure convenient access. Gillispie Draw is an excellent choice for buyers seeking space, privacy, animal-friendly living, and custom homes. With the lifestyle, amenities, and western heritage that make Sheridan, Wyoming, such a special place to call home.

Lot 15 Gillispie, Sheridan

$325,000
25-883 MLS
Beautiful golf course lot totaling 26,506 sq. ft. at The Powder Horn. Situated along the Eagle 2 course, this property offers both golf course and mountain views. With ample space and an excellent location, it's an ideal site to build your custom home and enjoy all that The Powder Horn community has to offer. Combining the advantages of small town living with beautiful views, fresh air, low taxes and the #1 golf course in the state, The Powder Horn Golf Community and Wyoming are consistently named as among of the best places in America to retire with very favorable taxes and no state income tax. The sun shines on this golf and recreational oasis where the generally mild weather at 3,800 feet offers year-round outdoor adventure. Nestled at the base of the majestic Big Horn Mountains near Sheridan, Wyoming, this unique community provides an exceptional brand of western living - a casual gathering place for family and friends. We invite you to come for a visit and learn more about our real estate and club membership opportunities. The Powder Horn is rated one of Where to Retire Magazine's "Top 100 Master Planned Communities." It was listed by Links Magazine as a Premiere Property and named a "Best Development in the High Country" by Mountain Living Magazine; Travel + Leisure Golf included The Powder Horn on its list of "America's Top100 Golf Communities." The 27-hole golf course has also earned several national accolades and awards. The Powder Horn's status as a designated National Audubon Cooperative Sanctuary ensures a peaceful environment for many varieties of wildlife. All owners may join the Private Troon Prive Managed Golf Club Beautiful full-service clubhouse, 27 holes of golf, pool, spa, tennis courts, fitness center, and tons of social events for our members.

Tbd Heather Hill Ln Unit Lot AA-14, Sheridan

$419,000
26-45 MLS
Gillispie Draw Subdivision offers the perfect blend of Wyoming freedom and thoughtful planning just minutes from Sheridan, one of the most beloved communities in the West. Known for its strong sense of community, vibrant downtown, top-rated schools, outdoor recreation, and unmatched access to the Bighorn Mountains, Sheridan offers small-town charm and an exceptional quality of life. Gillispie Draw features spacious tracts ranging from 4+ to 9+ acres, providing privacy, wide-open space, and flexibility for custom homes. This animal-friendly subdivision allows horses and livestock. It is well-suited for an authentic rural Wyoming lifestyle, with room for barns, shops, loafing sheds, tack rooms, and hay storage. Protective, yet owner-friendly covenants allow a variety of custom home designs while maintaining long-term value through architectural review, approved exterior materials, and thoughtful placement of accessory buildings. Privately maintained roads, underground utilities, and platted easements preserve open views and ensure convenient access. Gillispie Draw is an excellent choice for buyers seeking space, privacy, animal-friendly living, and custom homes. With the lifestyle, amenities, and western heritage that make Sheridan, Wyoming, such a special place to call home.

Lot 13 Gillispie, Sheridan

$439,000
26-44 MLS
Gillispie Draw Subdivision offers the perfect blend of Wyoming freedom and thoughtful planning just minutes from Sheridan, one of the most beloved communities in the West. Known for its strong sense of community, vibrant downtown, top-rated schools, outdoor recreation, and unmatched access to the Bighorn Mountains, Sheridan offers small-town charm and an exceptional quality of life. Gillispie Draw features spacious tracts ranging from 4+ to 9+ acres, providing privacy, wide-open space, and flexibility for custom homes. This animal-friendly subdivision allows horses and livestock. It is well-suited for an authentic rural Wyoming lifestyle, with room for barns, shops, loafing sheds, tack rooms, and hay storage. Protective, yet owner-friendly covenants allow a variety of custom home designs while maintaining long-term value through architectural review, approved exterior materials, and thoughtful placement of accessory buildings. Privately maintained roads, underground utilities, and platted easements preserve open views and ensure convenient access. Gillispie Draw is an excellent choice for buyers seeking space, privacy, animal-friendly living, and custom homes. With the lifestyle, amenities, and western heritage that make Sheridan, Wyoming, such a special place to call home.

Lot 12 Gillispie, Sheridan