Unlimited potential with this property! 20.5 acres with NO covenants and structures that are perfect for a VRBO, employee housing, or a family compound. A great well, septic, and electricity are already installed. A custom 512 sq ft studio apartment is complete with quality finishes. A 12×20 heated shed is insulated and wired and an additional 12×20′ shed with a 6×20′ covered porch/deck covered is also wired and either one could be made into a small bunkhouse. The insulated shop is 1088 sq ft with laundry, sink, toilet, and shower and 320 sq ft covered porch. The parcel is fenced on three sides with the river side open. Gorgeous views of Emigrant Peak and one of the true and historic buffalo jump sites behind and to the west of it. Close proximity to fishing on the Yellowstone River, minutes to Emigrant, and centrally located between Yellowstone Park and Livingston. All improvements are on 5 acres, leaving 15 acres of undeveloped property to put your personal finishes on.