Skip to content
← Back to listings
654 Hwy 20 N photo 1
1 / 71 — Click to expand

654 Hwy 20 N

654 Hwy 20 N, Thermopolis, WY · Hot Springs

$2,249,000Under ContractRanch / Land

3

Beds

3

Baths

2,716

Sq Ft

213.47

Acres

1981

Built

About This Property

Cotton Farms is a rare 213± acre agricultural and recreational property located just north of Thermopolis, Wyoming. This exceptional holding offers a unique combination of productive farmland, abundant water resources, and multiple residences. Owl Creek flows through the property, creating lush riparian habitat and excellent fishing opportunities, while Big Horn River frontage further enhances both recreational and agricultural appeal. The property includes three residences, providing flexibility for owners, managers, or guests. One residence has a long-established history as a successful vacation rental known as the “Hen House Loft,” offering immediate income potential. Improvements include pivot sprinkler irrigation, multiple natural springs, corrals, a Quonset building, and several livestock shelters, making the property well-suited for farming, cattle, horses, or a diversified agricultural operation. The acreage features a balanced mix of irrigated ground, pasture, and wildlife habitat supporting abundant deer, waterfowl, and upland birds. Conveniently located near Thermopolis’ world-class hot springs, amenities, and access to public lands, Cotton Farms presents a rare opportunity to own a productive Wyoming property with income potential, outstanding water resources, and exceptional recreational value.

Estimated Monthly Payment

$13,295/mo

20% · $449,800
%
%
Principal & Interest $11,970
Property Tax (Est. 0.6%/yr)$1,125
Insurance (Est.)$200
Down Payment (20%) $449,800
Loan Amount $1,799,200

Estimate only. Based on 7.0% rate, 30-yr fixed, 20% down. Actual rates, taxes, insurance, and HOA may vary. Does not include PMI. Consult a lender for accurate figures. Source: standard amortization formula per §18.2.11.

Hot Springs County Market Snapshot

$685K

Median Price

18

Avg Days on Market

47

Active Listings

This property is listed at $2,249,000228% above median for Hot Springs County.

Source: Real Estate Outlaws market analysis. Not MLS data. Data approximate and subject to change.

Property Details

MLS #10031919
Property TypeRanch / Land
StatusUnder Contract
CountyHot Springs
Year Built1981
Acreage213.47 acres
Square Feet2,716
Listed

Listed by DBW Realty · 307-254-3648 · Agent: Duncan Bonine

Source: Northwest Wyoming Board of REALTORS® MLS

Location

Living in Thermopolis, Wyoming

Airport Access

Nearest commercial airport: Yellowstone Regional Airport (COD) in Cody, WY

Yellowstone

Yellowstone East Gate via Cody, about 52 miles, 1 hr drive

🎿

Recreation

Shoshone National Forest, Bighorn National Forest, Yellowstone National Park all within reach

🏫

Schools

Contact us for details on local schools and districts

Source: distances are approximate and based on typical driving conditions. Verify with local resources.

Want to See This Property?

Schedule a showing or ask us anything. We know the area like the back of our hand.

Listing information deemed reliable but not guaranteed. Listing data provided by the Northwest Wyoming Board of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2026 Northwest Wyoming Board of REALTORS®. All rights reserved.

REALTOR®Equal Housing Opportunity
Call