Prime Paradise Valley! A magnificent 54.2 acre property with contiguous upper and lower sites - each on approximately 26 acres - and surrounded by the legendary Story Ranch. Many possibilities to explore including the lower site which is beneath spectacular cliffs just off Highway 89 and could be suitable for a main house, large barn, horses, arena, guest house or a roadside business. The secluded upper portion has spectacular views of Emigrant Peak and gently sloping meadows with Cottonwoods, Aspen groves, an abundance of wildlife and offers a variety of settings for a large home & guest houses and is an easy drive up an unimproved road, or one can walk or ride up the trail along the enchanting stream which links the upper and lower portions of this stellar property. Nearby amenities include: The Old Saloon, Yellowstone Valley Lodge, Chico Hot Springs, Angler's West Fly Fishing, Armstrong Spring Creek, The Emigrant General Store & the some of the finest Yellowstone River access.