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379 Rimrock Drive
Thermopolis, WY 82443
$850,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
5268
Property Description
Introducing "Wedding of the Waters" - an exquisite hilltop residence perched above the renowned fishing spot that lends its name to this idyllic locale. Built in 1985 and meticulously updated, this 5268 square foot sanctuary offers a harmonious blend of modern luxury and breathtaking natural surroundings. Nestled in Thermopolis, Wyoming, Wedding of the Waters offers stunning vistas of the Big Horn River as it meanders out of Wind River Canyon. Surrounded by picturesque foothills, the property's 6 acres of backyard exudes a unique charm with its desert redrock ambiance, accented by sagebrush and red dirt. This 5268 sq ft sanctuary, built in 1985, features a renovated kitchen, ensuite bedrooms, and a lower level with a home theater. Enjoy the outdoors on expansive decks. Recent updates include new windows (2016) and a new roof (2019). Plumbing is capped for a wet bar in the basement, and on-demand water heater ensures efficiency. Two garages, totaling 1776 sq ft, provide ample storage.   In Thermopolis, outdoor enthusiasts can indulge in activities like hiking, fishing, and wildlife viewing in the stunning Wind River Canyon and Hot Springs State Park. The area's renowned hot springs offer relaxation and rejuvenation, while water sports enthusiasts can enjoy kayaking and fly fishing on the Big Horn River. History buffs will appreciate attractions like the Wyoming Dinosaur Center and the Hot Springs County Museum, offering insights into the region's rich cultural heritage. N/A Thermopolis typically experiences a semi-arid climate with hot summers and cold winters. Summers are warm with average highs reaching the 80s°F (around 27-32°C), while winters are cold with average lows dropping below freezing. Precipitation is relatively low throughout the year, with occasional snowfall in the winter months. Overall, Thermopolis enjoys sunny weather and clear skies for much of the year, making it an ideal destination for outdoor activities. Thermopolis, Wyoming, has a rich history dating back thousands of years. The area was originally inhabited by various Native American tribes, including the Shoshone and Arapaho peoples, who were drawn to the region's abundant hot springs for their medicinal and spiritual significance. In the late 19th century, the arrival of European settlers led to the establishment of Thermopolis as a town. The name Thermopolis is derived from the Greek words therme and polis, meaning hot city, reflecting the town's hot springs. In 1896, the town became the county seat of Hot Springs County, which was named after the natural hot springs in the area. Throughout the early 20th century, Thermopolis thrived as a tourist destination, attracting visitors seeking the healing powers of its mineral-rich waters. Today, Thermopolis continues to be celebrated for its hot springs and outdoor recreational opportunities. The town's rich history is preserved in attractions such as the Wyoming Dinosaur Center and the Hot Springs County Museum, offering visitors a glimpse into the area's past. With its unique geological features and vibrant community spirit, Thermopolis remains a beloved destination for travelers seeking adventure, relaxation, and a connection to Wyoming's storied past. Hot Springs County-Thermopolis Municipal Airport is a general aviation airport located 10 miles northwest of Thermopolis, Wyoming. While it primarily serves general aviation purposes, it offers some services for private and charter flights. For commercial flights, travelers typically utilize Riverton Regional Airport, located approximately 40 minutes away by car, which provides connections to major hubs like Denver International Airport.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
1985
MLS Number
11266823
Location
Address
379 Rimrock Drive
City
Thermopolis
State
WY
Zip Code
82443
County
HOT SPRINGS
Listing
Provider
Hayden Outdoors, LLC, original listing
Name
Hayden Outdoors, LLC
Phone
(970) 674-1990
Office Name
Hayden Outdoors Real Estate
Office Phone
(970) 674-1990
Agent Name
Cody Renner

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.