593 Lower Prairie Dog Road, 150126, WY 82801

593 Lower Prairie Dog Road represents a rare opportunity to acquire a documented, proven trophy hunting and recreational ranch in one of Wyoming's most sought-after markets at a price point that reflects genuine underlying asset value across multiple categories simultaneously.

Land & Location Scarcity. Verified Boone & Crockett trophy mule deer properties with confirmed harvest records within 10 miles of a full-service Wyoming city are extraordinarily rare. The effective 860+ connected acre footprint — 382.90 deeded acres plus 481± acres of landlocked state land accessible only through this property and two other private neighboring property owners — delivers a big-game hunting sanctuary that cannot be replicated at any price in this proximity to Sheridan.

One of the Most Tax-Advantaged States in the Nation. Wyoming consistently ranks as one of the top two or three most tax-friendly states in the United States — and that advantage compounds significantly for ranch and land investors. Wyoming has no state income tax, no corporate income tax, no inheritance tax, no estate tax, and no gift tax. Capital gains are taxed only at the federal level. Property taxes on agriculturally exempt land are among the lowest in the West, with this property carrying annual taxes of just $2,123.21 on 382.90 deeded acres. For buyers relocating from high-tax states such as California, New York, Illinois, or Colorado, the annual tax savings alone can represent a meaningful return on the acquisition price. Wyoming also has no intangible property tax and no tax on out-of-state retirement income, making it an exceptionally attractive domicile state for high-net-worth individuals, family offices, and 1031 exchange buyers seeking to preserve and grow generational wealth.

Agricultural Tax Shelter. The active agricultural exemption on this property locks in the $2,123.21 annual property tax — a fraction of what comparable recreational acreage would carry in most Western states. The existing cattle grazing lease with neighbor Dean Cole ($2,500/season, zero owner effort) helps maintain that agricultural classification while generating passive income simultaneously.

Multiple Income Streams. The property generates immediate income through the existing cattle grazing lease and carries documented historical methane royalty income of approximately $70,000 over ten years (2003–2012). A compelling upside opportunity exists with 50% of subsurface mineral rights available for separate negotiation — high-grade methane has been documented and two prior energy operators (Storm Cat Energy and Huber Energy) have worked the ground. Although the methane lines are capped, those mineral rights are still valuable.

Fully Improved & Move-In Ready. Approximately $200,000 in documented lodge upgrades eliminate the capital expenditure typically required to bring a raw ranch property to operational status. The 1984 authentic log hunting lodge, three-stall horse barn, registered stock water well, natural stock pond, and 14 additional permitted wells represent a turnkey recreational compound ready for immediate use or income-generating outfitter operations.

Sheridan Market Fundamentals. Sheridan County continues to attract high-net-worth buyers and families relocating from higher-tax states, driving consistent demand and appreciation in the ranch and recreational land sector. Wyoming's favorable legal environment — including strong asset protection laws, flexible LLC and trust structures, and no forced heirship provisions — makes it a preferred jurisdiction for generational wealth planning. No covenants and no HOA restrictions on this property preserve maximum flexibility for the buyer's intended use, whether personal recreation, hunting outfitter operations, equestrian development, or long-term land appreciation.

The Bottom Line. Few properties combine verified trophy hunting credentials, agricultural income, mineral rights upside, $200K in turnkey improvements, ultra-low carrying costs, and proximity to a thriving Western city — all sheltered within one of the most tax-advantaged ownership environments in the United States. This is a multi-asset investment dressed as a ranch.