Just outside Cody, Wyoming, on the scenic route to Yellowstone National Park, this exceptional 26-acre property offers a rare opportunity for developers, investors, or those seeking an incredible recreational retreat. Zoned for ½-acre lots, the property provides outstanding flexibility for residential, mixed-use, or commercial development with power infrastructure already installed. The property features three valuable water sources, including a domestic well, Shoshone River irrigation water rights, and a geothermal well with thermal water. Nearly a mile of Shoshone River frontage and direct access to world-class fishing, rafting, kayaking, hiking, horseback riding, rock climbing, the Buffalo Bill Reservoir, and Yellowstone National Park. Improvements include a 2022-built 2-bedroom, 1-bath home currently operating as a rental, plus a second 1-bedroom, 1-bath shop home that has been framed and is ready to be finished with an impressive oversized garage for an RV or boat storage. With highly flexible zoning allowing a wide range of residential and commercial uses without special use permits, the possibilities are nearly endless—from a residential subdivision or luxury cabin community to a boutique resort, RV park, retail development, or mixed-use project. Properties offering this combination of location, infrastructure, water resources, income potential, and development flexibility are rarely available. Schedule a tour today!