Lower Diamond Bar Ranch

Property Map

Lower Diamond Bar Ranch - Recently Sold

$3,490,000
Cody, Wyoming

Located approximately 10 miles southwest of Cody, Wyoming, the 768± acre Lower Diamond Bar Ranch revels in dramatic views of Carter Mountain, Castle Rock and the rolling landscape of the South Fork Valley. Nearly 520± acres of the ranch lie on a fertile bench and are irrigated by 3 center pivots and gated pipe. A beautiful canopied riparian bottom is created by two small creeks - Carter and Marquette - which meander through the ranch for almost one mile. A pond has been created and stocked with trout ranging up to six pounds. The well-maintained residence compound includes two nicely designed homes, a cabin, a garage and a tennis court. The main house is carefully sited to take full advantage of the awe-inspiring views of the Absaroka Mountains. To round out the improvements, a 5,600± sq. ft. barn, circa 1930, may be the crown jewel of the ranch. The Diamond Bar Ranch combines the beauty, the views and multiple recreational features with a significant agricultural operation just minutes from Cody, Wyoming, the front door to some of the most spectacular and wild country in the lower 48 states.

Location: 

The Lower Diamond Bar Ranch is situated approximately 10 miles southwest of Cody, Wyoming on a fertile bench of irrigated farm ground and cottonwood-lined creek bottoms. Access is by paved state highway and a quarter mile of well-maintained graveled county road.
Cody is the Park County seat and is one of Wyoming’s most prosperous and desirable small cities. Cody offers excellent health care services, including a cancer clinic, West Park Hospital and numerous specialty clinics. Full commercial air service is available via Denver and Salt Lake City as well as an active fixed-base operation. Billings, Montana is just over two hours to the north and offers a complete range of supplies and services, including one of the region’s largest commercial airports.

Locale: 

Cody, the county seat of Park County, enjoys a dry climate with a large percentage of clear days.  This unique community has attracted individuals and small businesses from all over the world.  In addition, the internationally recognized Buffalo Bill Center of the West which includes the Whitney Gallery, the Plains Indian Museum, the Winchester Collection and the Draper Natural History Museum provides a strong cultural base.  Generations of Americans and Europeans have visited Cody’s guest ranches and returned to live and/or ranch in the area.  Cody is a major access point to Yellowstone Park, both for tourists and for back-country enthusiasts.  The extensive mountain ranges which encircle the area provide unparalleled hunting, fishing and recreational opportunities.  It is no wonder Cody is considered one of Wyoming’s most desirable communities.

General Description: 

Lower Diamond Bar is a tastefully improved and extremely productive ranch that is found as one is headed up the impressive South Fork Valley from Cody. The property encompass both an upper bench of fertile farm ground and an expansive creek bottom created by Carter and Marquette Creeks. The upper bench accounts for approximately 370± acres of which nearly 290± acres is irrigated by 2 center-pivot systems. The creek bottom accounts for approximately 150± acres of flood-irrigated pasture utilized to graze cattle.
The improvements are well maintained and are accessed off a short gravel road which leads to a picturesque driveway lined with cottonwood trees. The main house, perched on the bluff overlooking the barn and creek bottom, enjoys glorious views of the Absaroka Mountains.

The vistas include Carter Mountain, Castle Rock and the Upper South Fork Valley.  Well-manicured lawns and shrubbery showcase the second home at the end of the drive as well as the outdoor tennis court. Views of Buffalo Bill Reservoir and the lush farm ground round out this very special setting.

Acreage: 

768±

Acreage Breakdown: 

768± acres which includes 520± acres of irrigated farmland and pastures.

Improvements: 

Main Residence:
Approximately 4,000± sq. ft., the home was built in 1921 and extensively remodeled in 2007. Blue stone counter tops, stainless steel appliances and a new pantry highlight the kitchen. The home has a spacious master suite with walk-in closet and tiled shower. Additionally there are three bedrooms and one-and-a-half bathrooms, office alcove, laundry room and ample storage. The dining room and living room still have the original mahogany paneling, stacked stone fireplace, hardwood floors, charming built-in bookcase and craftsman-styled cabinetry. The great room, which enjoys stunning views of the South Fork Valley, allows access to an outdoor patio and stone fireplace.


Guest house:
Approximately 2,800± sq. ft. of finished living space, the home was built in 1978 and has been well taken care of. The home has two floors above grade. The main floor has a kitchen, dining room, living room with fireplace, utility room, master suite with bath and an additional half bath. The upper floor has two bedrooms and a full bath. The basement has one bedroom, one bath and family room.

Guest Cabin:
The guest cabin was remodeled in 2007 and offers comfortable accommodations with a two-bedroom, one-bath floor plan.


Game room:
The game room was also remodeled in 2007 and provides a great gathering spot to play pool or simply enjoy the wonderful views and relax. It is complimented with a half bath and wet bar.


Barn:
Approximately 5,600± sq. ft. with a full-length haymow, the barn was built in 1926. The iconic barn represents the affluence of Cody during the early years. The barn is structurally sound and well-designed allowing a new owner the flexibility to utilize the space in many different ways.

Ancillary Outbuildings:
There are several smaller stock buildings, loafing sheds granaries and a greenhouse supplementing the operation of the ranch.

Climate: 

Cody, Wyoming gets 10 inches of rain per year.  Snowfall averages 40 inches and normally does not accumulate. The average number of days with any measurable precipitation is 67. On average there are 213 sunny days per year in Cody. The July high is around 85 degrees and the January low is 13 degrees.  The comfort index, which is based on humidity during the hot months, is 90 out of 100.

General Operations: 

Lower Diamond Bar has been in the same family for nearly 25 years.  During those years the ranch has been enjoyed as a family retreat bringing several generations together throughout the summer months.  The owners employed a husband and wife from Cody as caretakers for the ranch in 1990 and the same couple is still employed today. 

The farming and grazing are leased to a neighbor who is currently putting up the hay for his cattle and selling any surplus. The tenant states he puts up an average of 750 tons of hay and typically hays 375± acres every year. In addition, the tenant runs 100 head of cattle year round. The sale of Lower Diamond Bar is subject to the lease which is available upon request.

Wildlife Resources: 

The Lower Diamond Bar Ranch and the surrounding lands, both private and Federal, are home to a variety of wildlife including deer, elk, moose and bear. Trophy whitetail deer and mule deer can be found on the ranch at any time during the year.

The irrigated fields of the upper bench and the riparian area along the lower creeks provide outstanding cover and forage not only for the deer but for indigenous song birds, raptors and fur-bearing animals of the Greater Yellowstone Ecosystem. Geese and ducks are frequent guests in the fields and the ponds of the ranch and are especially concentrated in the fall season prior to their long flight to warmer climates. 

Fishery Resources: 

The ponds are stocked with cutthroat and rainbow trout, many of which will reach 18 inches.  For the angler who is in search of variety, fishing is available in both the North and South Forks of the Shoshone River as well as the nearby Buffalo Bill Reservoir.  

Recreational Considerations: 

The upper valley of the South Fork offers a multitude of outdoor recreation opportunities. Horseback riding, hiking, biking, camping, photography, birding, wildlife viewing and world-class ice climbing are accessible from several trailheads, providing access to thousands of acres of wilderness.  Winter recreation in the immediate area includes snowmobiling, cross-country skiing and snowshoeing. Red Lodge Mountain, approximately one-and-a-half hours to the north, offers excellent alpine skiing.

Taxes: 

Taxes are estimated at $8,466 annually.

Water Rights: 

Lower Diamond Creek enjoys abundant water rights. A complete tabulation of water rights has been done by Holm, Blough and Associates, Civil Engineers and is available upon request.

Mineral Rights: 

All mineral rights owned by the Seller shall be transferred to Buyer at closing.

Broker Comments: 

The Lower Diamond Bar Ranch presents as the showcase headquarters of a much larger operation which it once was.   The setting is truly impressive and surprisingly private given its location just minutes from Cody. The ranch has a proud heritage and it shows. Its productivity gives one an opportunity to own a low cost family ranch retreat in one of Wyoming’s most sought-after communities. 

Additional Services: 

MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs. Wes Oja and Jerome Chvilicek at (406) 656-7500 or Justin Bryan at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally, the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources.Wes Oja, Jerome Chvilicek or Dan Bergstrom at (406) 656-7500 or Justin Bryan in our Abilene office at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

AUCTIONS - Hall and Hall Auctions offer “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate.  Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation.  Extreme attention to detail and complete transparency coupled with Hall and Hall’s “Rolodex” of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day.  For more information on our auction services contact Scott Shuman at (800) 829-8747.

APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall, formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has that critical network of brokers and lending professionals. This professional network coupled with diverse experience across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable timeframe.  For more information contact our appraisal team at (406) 656-7500.

SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners.  In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can provide the required financing.

Competitive Pricing  |  Flexible Terms  |  Efficient Processing
Dave Roddy • (406) 656-7500 
Mike Hall or Judy Chirila • (303) 861-8282
Monte Lyons • (806) 698-6882
J.T. Holt • (806) 698-6884

Disclaimer: 

IMPORTANT NOTICE
Hall and Hall Partners, LLP
(Name of Brokerage Company)
REAL ESTATE BROKERAGE DISCLOSURE

When you select a Real Estate Brokerage Firm, Broker or salesperson (all referred to as "Broker") to assist you in a real estate transaction, the Broker may do so in one of several capacities. In accordance with Wyoming's Brokerage Relationships Act, this notice discloses the types of working relationships that are available to you.

Seller's Agent. (Requires written agreement with Seller)

If a Seller signs a written listing agreement with a Broker and engages the Broker as a Seller's Agent, the broker represents the Seller. On properties listed with other brokerage companies, the Broker may work as an agent for the Seller if the Seller agrees to have the Broker work as a subagent. As an agent or subagent for the Seller, the Broker represents the Seller and owes the Seller a duty of utmost good faith, loyalty, and fidelity in addition to the obligations enumerated below for Intermediaries. Wyo. Stat. § 33-28-303(a). The Seller may be vicariously liable for the acts of the Seller's Agent or Seller's Subagent that are approved, directed or ratified by the Seller.

Customer. (No written agreement with Buyer or Seller)

A customer is a party to a real estate transaction who has established no intermediary or agency relationship with any Broker in that transaction. A Broker may work either as an agent for the Seller treating the Buyer as a customer or as an agent for the Buyer treating the Seller as a customer. Also when a Buyer or Seller is represented by another Broker, a Broker may work with the other Buyer or Seller as a customer, having no written agreement, agency or intermediary relationship with either party. A Broker working with a customer shall owe no duty of confidentiality to a customer. Any information shared with Broker may be shared with the other party to the transaction at customer's risk. The customer should not tell the broker any information which the customer does not want shared with the other party to the transaction. The Broker must treat the customer honestly and with fairness disclosing all material matters actually known by the Broker. The Broker owes the Customer the obligations enumerated below for Intermediaries which are marked with an asterisks. W.S. 33-28-310(a).

Buyer's Agent. (Requires written agreement with Buyer)

If a Buyer signs a written Buyer Agency Agreement with a Broker, the Broker will act as an agent for the Buyer. If so, the Broker represents the Buyer and owes the Buyer a duty of utmost good faith, loyalty and fidelity in addition to the obligations enumerated below for Intermediaries. The Buyer may be vicariously liable for the acts of the Buyer's Agent that are approved, directed or ratified by the Buyer. As a Buyer's Agent, Wyoming law requires the Broker to disclose to potential Sellers all adverse material facts, which may include material facts regarding the Buyer's financial ability to perform the terms of the transaction. Wyo. Stat. § 33-28-304(c). As a Buyer's Agent, Broker has duties to disclose to the Buyer certain information; therefore, the Seller should not tell Broker any information which the Seller does not want shared with the Buyer.

Intermediary. (Requires written agreement with Seller and/or Buyer)

The Intermediary relationship is a non-agency relationship which may be established between a Broker and a Seller and/or a Broker and a Buyer. A Seller may choose to engage a Broker as an Intermediary when listing a property. A Buyer may also choose to engage a Broker as an Intermediary. An Intermediary shall not act as an agent or advocate for any party and shall be limited to providing those services set forth below. Wyo. Stat.§ 33-28-305.

As an Intermediary (Non-Agent), Broker will not represent you or act as your agent. The parties to a transaction are not legally responsible for the actions of an Intermediary and an Intermediary does not owe the parties the duties of an agent, including the fiduciary duties of loyalty and fidelity. Broker will have the following obligations to you:

  • perform the terms of any written agreement made by the Intermediary with any party or parties to the transaction;
  • exercise reasonable skill and care; 
  • advise the parties to obtain expert advice as to material matters about which the Intermediary knows but the specifics of which are beyond the expertise of the Intermediary; 
  • present all offers and counteroffers in a timely manner; 
  • account promptly for all money and property Broker received; 
  • keep you fully informed regarding the transaction; 
  • obtain the written consent of the parties before assisting the Buyer and Seller in the same real estate transaction as an Intermediary to both parties to the transaction;
  • assist in complying with the terms and conditions of any contract and with the closing of the transaction; 
  • disclose to the parties any interests the Intermediary may have which are adverse to the interest of either party;
  • disclose to prospective Buyers, known adverse material facts about the property; 
  • disclose to prospective Sellers, any known adverse material facts, including adverse material facts pertaining to the Buyer's financial ability to perform the terms of the transaction; 
  • disclose to the parties that an Intermediary owes no fiduciary duty either to Buyer or Seller, is not allowed to negotiate on behalf of the Buyer or Seller, and may be prohibited from disclosing information about the other party, which if known, could materially affect negotiations in the real estate transaction.
  • disclose Buyer's intent to occupy property as primary residency.

As Intermediary, Broker will disclose all information to each party, but will not disclose the following information without your informed consent:

  • that you may be willing to agree to a price different than the one offered;
  • the motivating factors for buying or selling the property;
  • that you will agree to financing terms other than those offered; or
  • any material information about you, unless disclosure is required by law or if lack of disclosure would constitute dishonest dealing or fraud.

Change From Agent to Intermediary -- In-House Transaction

If a Buyer who has signed a Buyer Agency Agreement with Broker wants to look at or submit an offer on property Broker has listed as an agent for the Seller, the Seller and the Buyer may consent in writing to allow Broker to change to an Intermediary (non-agency) relationship with both the Buyer and the Seller. Wyo. Stat. § 33-28-307.

An established relationship cannot be modified without the written consent of the Buyer or the Seller. The Buyer or Seller may, but are not required to, negotiate different commission fees as a condition to consenting to a change in relationship.

Designated Agent. (requires written designation by the brokerage firm and acknowledgement by the Buyer or Seller)

A designated agent means a licensee who is designated by a responsible broker to serve as an agent or intermediary for a Seller or Buyer in a real estate transaction. Wyo. Stat. § 33-28-301 (a)(x).

In order to facilitate a real estate transaction a Brokerage Firm may designate a licensee as your agent or intermediary. The Designated Agent will have the same duties to the Buyer and Seller as a Buyer's or Seller's Agent or Intermediary. The Broker or an appointed "transaction manager" will supervise the transaction and will not disclose to either party confidential information about the Buyer or Seller. The designation of agency may occur at the time the Buyer or Seller enters into an agency agreement with the Brokerage Firm or the designation of agency may occur later if an "in house" real estate transaction occurs. At that time, the Broker or "transaction manager" will immediately disclose to the Buyer and Seller that designated agency will occur.

Duties Owed by An Agent But Not Owed By An Intermediary.

When acting as the agent for one party (either buyer or seller), broker has fiduciary duties of utmost good faith, loyalty, and fidelity to that one party. A broker engaged as an intermediary does not represent the buyer or the seller and will not owe either party those fiduciary duties. However, the intermediary must exercise reasonable skill and care and must comply with Wyoming law. An intermediary is not an agent or advocate for either party. Seller and buyer shall not be liable for acts of an intermediary, so long as the intermediary complies with the requirements of Wyoming’s brokerage relationships act. Wyo. Stat. § 33-28-306(a)(iii).

This written disclosure and acknowledgment, by itself, shall not constitute a contract or agreement with the broker or his/her firm. Until the buyer or seller executes this disclosure and acknowledgment, no representation agreement shall be executed or valid. Wyo. Stat. § 33-28-306(b).

No matter which relationship is established, a real estate broker is not allowed to give legal advice. If you have questions about this notice or any document in a real estate transaction, consult legal counsel and other counsel before signing.

The amount or rate of a real estate commission for any brokerage relationship is not fixed by law. It is set by each Broker individually and may be negotiable between the Buyer or Seller and the Broker.

On (date), I provided (Seller) (Buyer) with a copy of this Real Estate Brokerage Disclosure and have kept a copy for our records.

Brokerage Company; Hall and Hall Partners, LLP

 

BY_____________________________________

I/We have been given a copy and have read this Real Estate Brokerage Disclosure on (date) ________________ time _______________ and hereby acknowledge receipt and understanding of this Disclosure.

Seller's Signature _______________________________

NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.