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For sale
  • $52,800,000

    20A Road 5ru #A, Meeteetse, WY 82433

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    0baths
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    $323,430/mo
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    Farm
    Built in 1917
    13,886 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Mountain pasturesHay meadowsHistoric headquarters
    Spanning over 96,000 acres beneath Wyoming's Absaroka Mountains, this storied ranch has defined the American West for nearly 150 years. Founded in 1878 and brought to life through Charles Belden's iconic photography and later the Marlboro Man campaign, it remains one of the most recognized landscapes in Western culture. The property continues as a working cattle operation with historic headquarters, hay meadows, and mountain pastures that sustain its herd. Wildlife abounds, from trophy elk and mule deer to trout-rich waters along the Greybull River, offering unmatched hunting and fishing. A legacy of conservation and stewardship ensures its heritage endures, making it a rare opportunity to own and carry forward a living icon of the West. Pitchfork Ranch - A Living Icon of the American West Set beneath the dramatic skyline of Wyoming's Absaroka Mountains, this is one of the American West's most historic and storied landholdings. Encompassing 96,115 acres of deeded, leased, and permitted lands near Meeteetse, it has shaped the course of ranching, wildlife conservation, and cultural imagination for nearly 150 years. An Origin Rooted in Wisdom and Endurance The story begins in 1878 with Otto Franc von Lichtenstein, a Prussian nobleman who sought not only land, but knowledge. When selecting a location for his cattle operation, Otto asked local Native Americans where the snow fell lightest. They guided him to this sheltered basin, where prevailing winds kept the grasslands open even in cold monthsproviding one of the most reliable and affordable wintering grounds in the region. This foundation grew into a ranching empire stretching cattle drives from Meeteetse to the Bighorn Mountains. The nearby town of Otto, Wyoming still bears his name. After Otto's death, the ranch was purchased by the Phelps family, who stewarded it through the early 20th century. It was through this lineage that Charles Belden, a Californian with a keen eye for photography, came to the ranchnot by blood, but by marriage to Frances Phelps. He soon immersed himself in daily life on the ranch. The West, Through a Photographer's Lens Belden became not only a resident, but its most important cultural ambassador. A graduate of MIT with a fascination for mechanics and imagery, he turned his lens on the raw, unfiltered realities of ranch lifecattle drives, snowbound winters, haying crews, and cowboys at work. His images, published in Life, National Geographic, and newspapers nationwide, shaped the public's imagination of the American West. The Pitchfork became more than a cattle operationit became a symbol of Western identity. Marlboro Country: Where the Cowboy Became a Legend Belden laid the groundwork for another powerful visual era. In the early 1980s, the ranch was chosen as the setting for the Marlboro Man campaign, a defining piece of American brand mythology. Shot in 1981 and 1983, the campaign drew on its authentic cowboy lifestyle, sweeping vistas, and rugged terrain. Some images are now preserved in the Meeteetse Museums, standing alongside Belden's work. Those same scenes remain today: ride beneath the Absarokas, and you're in the place where the story began. A Ranching Operation Grounded in Function and Heritage Today, the ranch supports a year-round herd of approximately 1,300 mother cows. Its ridgelines and high-desert valleys allow wind to strip snow from key grazing areas, minimizing winter feed requirements. Over 1,100 acres of irrigated hay meadows support production, while the Greybull River and spring systems provide abundant water. At its core stand eight residences, barns, working pens, and historic structures dating to the early 1900s. The Stone House, built in 1914 from hand-cut sandstone, remains the symbolic heart of the ranch with commanding views of the Greybull Basin. Two original barns built with hand-hewn timbers still stand as testaments to its craftsmanship and continuity of purpose. Modern infrastructureincluding natural gas supply and upgraded irrigation pivotssupports efficient operations. Summer grazing continues through traditional routes to high-mountain pastures on Forest Service and State leases, while rotational systems allow for rest and rejuvenation of meadows. Recreation in Its Wildest, Most Authentic Form This is a sportsman's paradise, offering big game hunting, fishing, horseback riding, and backcountry exploration. Roughly 5,000 elk winter in the region, many congregating along the river corridor. Trophy-class bulls are common, with hunting tags tightly controlled to enhance wildlife health. Mule deer, moose, antelope, black bears, mountain lions, and wild turkeys are abundant. The Greybull River is ranked among the top cutthroat trout fisheries in the U.S., with thrilling dry-fly fishing in late spring and fall. Spring-fed creeks and reservoirs hold brook, rainbow, and tiger troutsome completely private. Named tributaries and seasonal cow camps offer a backcountry experience rich in solitude and scenery. A Culture of Conservation and Stewardship From its earliest years, the ranch has been on the leading edge of wildlife conservation. Belden worked with Wyoming Game & Fish to preserve pronghorn antelope, even shipping live animals to zoos in New York and Europe. He pioneered aerial fish stocking after observing an eagle drop a live fish mid-flight. More recently, the ranch played a pivotal role in recovery of the endangered black-footed ferret. This ethic continues. Landowners in the basin voluntarily closed over a million acres to hunting to help mule deer recoverwell before regulation. The ranch participates in Wyoming's "Access Yes!" program and provides habitat for elk, moose, and migrating wildlife. Grizzly bears, elk, and other species remain highly visible across its expanse. A Setting of Scale, Beauty, and Privacy Its southern edge rises into the Absaroka Range, including Frank's Peak at 13,153 feet. The landscape offers privacy without isolation, wilderness without sacrificing access. Just 45 minutes from Cody Regional Airport, the ranch is reached by paved and gravel roads. A historic oil road crosses a portion of the property, providing connectivity and potential for conservation partnerships. Carrying the Torch of the American West This ranch has been passed through five generations, with a sixth now involvedan almost unheard-of continuity in Western landholding. With it comes institutional knowledge, cultural memory, and a profound understanding of stewardship. Community members hope the next owner will embrace it not just as an asset, but as an inheritance of responsibility and opportunity. For the right buyer, this is more than a working ranch or recreational haven. It is an originalone of the last large-scale landholdings where the full spectrum of the American West remains alive and functioning. Its grass still feeds cattle. Its river still runs wild with trout. Its ridgelines still carry the call of elk. And its legacy is ready to be carried forward.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Latham Jenkins 307-690-1642,

    Live Water Properties LLC

    Source: TBOR,MLS#: 25-2558MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      • Full bathrooms: 2
      • 3/4 bathrooms: 5
      • 1/2 bathrooms: 1
      Cooling
      • None
      Features
      • High Speed Internet
      • Flooring: Hardwood
      • Basement: Unfinished
      Interior area
      • Total structure area: 0
      • Finished area above ground: 0
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Gravel
      Features
      • Patio & porch: Patio, Porch
      • Exterior features: Balcony, Water Feature
      • Fencing: Fenced
      • Has view: Yes
      • View description: Water, Valley, Scenic
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: River Access, River Front, Waterfront
      • Frontage type: River,Waterfront
      Lot
      • Size: 13,886 Acres
      • Features: Forest Access, No CC&R's, Landscaped, Irrigation Ditch
      Details
      • Additional structures: Storage, Gazebo, Guest House
      • Parcel number: 16480301344000
      • Zoning description: Agricultural
      • Horses can be raised: Yes
      • Horse amenities: Horse Set-up

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm
      Materials
      • Stone, Frame, Wood Siding, Stick Built On Site
      • Roof: Metal,Other,Shake
      Condition
      • Year built: 1917

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Features: Fishing
      HOA
      • Amenities included: Tennis Court(s), Clubhouse
      Location
      • Region: Meeteetse

      Financial & listing details

      • Annual tax amount: $51,564
      • Date on market: 3/23/2026
      • Exclusions: See the list of exclusions
      • Has irrigation water rights: Yes
      • Road surface type: Gravel
      Latham Jenkins

      (307) 690-1642

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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,249/mo

        Price history

        DateEventPrice
        3/23/2026Listed for sale$52,800,000
        Source: TBOR #25-2558 Report a problem
        12/19/2025Pending sale$52,800,000
        Source: TBOR #25-2558 Report a problem
        9/26/2025Listed for sale$52,800,000
        Source: TBOR #25-2558 Report a problem

        Public tax history

        Tax history is unavailable.

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 82433

        Getting around

        0 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating