This is an amazing 330+/- acre property situated about 7 miles to the west of the town of Big Horn and 10 miles from the town of Sheridan. The property is accessed via two gravel county roads: Big Horn Road and Beaver Creek Road. The property is very private and has exceptional views of the Big Horn Mountains and foothills. The property has excellent territorial water rights and includes the sale and transfer of 40 shares of Park Reservoir water further benefitting this land. There are six pastures on the ranch assisting in rotational grazing. The owners operated the ranch for 45 years before they leased the operations to the neighbor, and under that lease approximately 100 acres of grass hay is put up on the ranch, and the crop yield varies from 2.5-3 tons per acre. The property is then residual grazed and hoof cultivated to fully utilize the fields. This property has been owned for two generations. The improvements consist of a 1943 log house, a separate two car garage, a steel building and some older corrals and a barn. There is one reservoir and several naturally occuring spring-fed ponds on the property that could be dramatically improved to create fisheries and enhance wildlife, upland bird and waterfowl habitat. The surrounding views to the west and south are largely unobstructed. This property is not encumbered by a conservation easement, but some of the neighboring landowners in the valley have placed conservation easements on their properties ensuring deep conservation. The property is zoned as agriculture, so the property can be sold in 80 acre parcels to accommodate one home and outbuildings per 80 acre parcel and there are numerous potential homesites on this property.