7,447 Acres in Sheridan, WY - $64,495,000

A HISTORICAL, LEGENDARY WYOMING MASTERPIECE
At the Foot of the Bighorn Mountains

WYOMING WATER OASIS

7,447 Total Acres

6,447 Deeded
640 State Lease
360 Private Lease

WATER - GRASS - CATTLE

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Abundant Water

During one of the worst droughts the western United States has experienced in over 100 years, the abundance of water controlled by Cato Ranch has allowed it to continue operating as a highly productive ranch, further demonstrating its immeasurable value.

100% of the sellers' water rights attached to the land, along with 1,102.5 shares of highly valuable and privately transferable Park Reservoir water, are included in the offering.

2% Buyer Broker Fee / Commission Paid by Seller.

Cato Ranch Water
Water Rights and Reservoir Shares – February 2025

Big Goose Direct Flow
PK Priority 1887: 26.50 cfs
Bob Berry: 1.50 cfs
Cato Ranch (Net): 25.00 cfs*

Supplemental Private Water
Park Reservoir: 1,102.5 shares**

*Wyoming state statute allocates 70 acres per cfs of adjudicated water rights.
**1,102.5 shares equate to approximately 14% of total shares and about 1,323 acre-feet when the reservoir is full.

1,235 Irrigated Acres
8 pivots: 800 acres
7 side rolls: 261 acres
Flood irrigation: 174 acres

Irrigation, Hay Production, and Land Stewardship

The ranch owns and maintains substantial water rights and benefits from its Park Reservoir shares. Approximately 1,200 acres are irrigated and utilized for both hay production and grazing.

The current livestock program requires roughly 1,700 tons of hay for winter feeding, which is efficiently produced and harvested during the summer, while still maintaining ample standing forage.

Despite above-average stocking levels for a property of this size, the ranch’s abundant water resources allow for extended grazing into late winter, even during drought conditions.

Additionally, cover crops are incorporated to improve soil health, enhance wildlife habitat, and support cattle nutrition—an approach made possible by the ranch’s well-developed water distribution system.

Icon Global is pleased to represent the international marketing and sales campaign of the iconic Cato Ranch.

Steeped in the history of the American West, as well as a notable chapter in American polo, the ranch and its entrepreneurial stewards, the Cato family, are truly legendary.

Together, they represent a distinguished standard of excellence and embody the very best of Sheridan, Wyoming—its revered land, cherished lifestyle, and respected community.