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Lazy K Ranch

Wyoming Carbon County - Encampment
$13,000,000 Total Acres 5,450.00+/-
Deeded Acres 3,100.00+/-
Leased Acres 2,350+/-
Status Active

Property Summary



Leases & Taxes

Water & Mineral Rights

Property Summary


Surrounding the incorporated town of Encampment, WY to the north, south, and west, the Lazy K Ranch consists of 3,100 +/- deeded acres benefitted by 600 +/- State of Wyoming lease acres and 1,750 +/- Bureau of Land Management lease acres along the slopes of the Sierra Madre Mountains. The ranch has 750 acres of productive irrigated meadows, three sets of living improvements, and two sets of working improvements. The landowners don’t hay all of the irrigated acres, but the property has historically produced 1,000-1,200 tons of grass hay this year. 

The terrain and ample amounts of live water support trophy elk, mule deer, and antelope as well as upland birds and fish in the North Fork of the Encampment River. The Encampment/Saratoga area is well-known for its incredible fishing in the North Platte River and Encampment River, both of which are designated blue-ribbon trout streams and are only a short distance from the ranch. The ranch is located in antelope draw area 52. Highway 70 divides elk hunt areas 13 and 15 and deer hunt areas 80 and 81. Elk draw areas 13 and 15 are general areas.

The elevation on the property ranges from 7,200 feet on the meadows to 8,200 feet as you travel west toward the mountain. The Lazy K Ranch receives, on average, 75 inches of annual snowfall and 15 inches of annual precipitation.



    The ranch borders thousands of acres of Bureau of Land Management, State of Wyoming, and Forest Service lease acres with access to the Encampment River to the south, the Sierra Madre Mountains to the west, the Snowy Range Mountains to the east, and the Medicine Bow - Routte National Forest. Highway 70 divides a portion of the ranch to the west and is open year-round through the property to the closure at the National Forest boundary only a few miles up the mountain. The town of Saratoga is located 20 miles to the north of the ranch and has an airport (SAA – Shivley Field) with an 8,800’ runway, a grocery store, and several restaurants and local shops.

    • Saratoga, WY           20 miles
    • Rawlins, WY             62 miles
    • Laramie, WY             90 miles
    • Steamboat, CO        109 miles
    • Denver, CO              193 miles



    The custom-designed, exceptional main residence is situated overlooking a portion of the irrigated land and the town of Encampment and was constructed in 1981. The home features an open living room with an immaculate stone fireplace, a dining room and large kitchen, with five bedrooms and three bathrooms – including a master suite with an adjoining office. The large glass windows throughout the home offer expansive views of the property and the beautiful, landscaped courtyard and stone terraced yard. The home is conveniently accessed off of Silver Spur Road to the west, which is a county-maintained gravel road north of Encampment. The main home and six acres are platted as a separate parcel and are zoned as Rural Residential. The rest of the ranch is zoned as RAM – Ranching, Agricultural, and Mining.

    The second home and working improvements are also accessed off of Silver Spur to the east and are situated along West Cottonwood Creek. This was the original ranch homestead and headquarters and would make an excellent guest home or manager’s residence. The home was built in 1920 and is situated next to a barn, working corrals and across the road from a shop and several outbuildings.

    The third home and additional working improvements are located south of the town of Encampment and are accessed off of Finley Hill Road along the North Fork of the Encampment River.

    Leases & Taxes


    There are two Bureau of Land Mangement leases associated with the ranch. The Tennant Creek Allotment (WY11013) and the Albert H. Oldman Allotment (WY11019). The Tennant Creek Allotment lease is permitted for 126 AUMs. The Albert H. Oldman Allotment lease is permitted for a total of 46 AUMs.

    The State of Wyoming lease is permitted for 120 AUMs on 600 acres (Lease #3- 7440).

    The 2021 estimated property taxes are $6,500. Wyoming offers an extremely favorable tax climate including:

    • No personal income tax
    • No corporate income tax
    • No gross receipts tax
    • No inventory tax
    • Low retail sales tax
    • Low property tax
    • Favorable inheritance tax
    • Favorable unemployment tax

    Water & Mineral Rights


    WATER - The North Fork of the Encampment River, Cushman Creek and West Cottonwood Creek all flow through portions of the ranch and provide ample live water for recreation and irrigation. There are domestic wells at all of the homes and guest houses and the ranch benefits from extensive surface water rights for irrigation, copies of which are available upon request from our office.

    (Note: This water right information was gathered from the Wyoming State Engineer’s database. The documentation provided is considered to be accurate, but it is not guaranteed. Prospective buyers are expected to conduct their own independent investigation of the water rights.)

    MINERALS - The Seller’s make no representation as to the ownership of the mineral rights or mineral estate on the subject property. The Sellers do not believe they own any minerals; however, there will be no mineral reservation in the deed, so if any minerals are owned by the Sellers which are appurtenant to the property that fee mineral ownership will be conveyed to the Buyer at closing.

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