57± Acre River-Fed Equine Ranch | Thermopolis, Wyoming For Sale

Bar None Morgan Ranch

River-Fed Irrigated Equine Property | 57.02± Acres | Thermopolis, Wyoming

Bar None Morgan Ranch presents a rare opportunity to acquire a purpose-built equine and irrigated property located just three miles south of Thermopolis, Wyoming in the productive Big Horn Basin.

Encompassing 57.02± deeded acres, the ranch includes approximately 21± acres of established alfalfa irrigated under a 4-Tower Valley pivot system supplied by a pump-fed 12-inch pipeline drawing directly from the Big Horn River. Adjudicated surface water rights with early 20th-century priority dates support the irrigation history of the property. In a region experiencing ongoing drought conditions, the visible green production under pivot irrigation materially distinguishes this offering from non-irrigated acreage.

Commercial-Grade Equine Infrastructure

At the operational core of the ranch is a 60' x 150' steel Morton building constructed with 8-inch concrete floors and overhead radiant heat, designed for year-round equine use.

The facility includes:

• Heated tack room with bathroom
• On-site apartment
• Indoor riding capability / round pen space
• Full power and water service

Additional improvements include structured paddocks with heated waterers, four open-front horse shelters, a 30' x 100' hay storage building, and a 30' x 40' heated garage.

The infrastructure was developed to support a professional Morgan horse breeding and training operation; however, this offering includes real estate and improvements only. No horses, breeding program, brand assets, or business operations are included in the sale.

Residence & Layout

The 3-bedroom, 2-bath residence offers approximately 2,400± square feet of living space. Originally constructed in 1965 and remodeled in 1999, the home reflects consistent maintenance and practical upgrades over time. Improvements include Pella replacement windows (2014), steel siding (2014), and a roof replaced in 2019. The home is serviced by city water, while a separate quality well supplies water to the yard, corrals, barns, and working improvements. Heating is provided by a radiant in-floor boiler system with a recently updated boiler.

The positioning of the residence allows for comfortable separation between the living quarters and the operational equine facilities while maintaining functional access throughout the property.

Location & Access

The ranch offers direct access from Highway 20 and is situated within Water Division 3 of the Big Horn Basin. Proximity to Thermopolis, Wyoming provides access to healthcare, schools, retail, and community amenities while preserving agricultural productivity and rural privacy.

Multiple Use Potential

Bar None Morgan Ranch supports a range of ownership objectives, including:

• Professional equine breeding and training
• Irrigated hay production
• Small-scale livestock operation
• Recreational ownership with river proximity
• Long-term agricultural investment

The combination of river-fed irrigation, established improvements, commercial-grade equine facilities, and manageable acreage creates a diversified rural asset positioned for both operational functionality and lifestyle appeal.

Offered at $1,495,000

57.02± Deeded Acres

Shown by Appointment and Proof of Financial Capabilities Only

An Opportunity Built with Intention

In a market where water, infrastructure, and location ultimately determine value, Bar None Morgan Ranch delivers all three - supported by documented river-fed irrigation, established improvements, and proximity to Thermopolis, Wyoming. This is a working property built with intention and maintained with care.