Set at the base of the Continental Divide beneath Ajax, Copperhead, and Freeman Peaks, this 11.6-acre ranchette in Lemhi County is fully equipped for livestock and equine living. With direct frontage on Carmen Creek and irrigation ditches running through the center of the property, water is abundant—supported by five water rights, a fish screen, and a split measuring device. The land includes multiple pastures, two riding pens, a large riding arena, loafing sheds, and an old milk barn with its own power and well. A 40'x52' shop provides serious utility, featuring an attached machine shed and a fully enclosed workshop—offering an incredible amount of space for all your small ranch operations, equipment, and storage needs. The 5-bedroom, 2-bathroom home retains its 1940s charm while being fully functional for a family. The full basement offers tons of storage, and a Generac backup generator ensures year-round reliability. Home and outbuildings are well-situated for both privacy and ease of access. This is a turn-key property for anyone seeking a manageable setup with mountain views, year-round live water, quality infrastructure, and room to expand. Bring your livestock & horses—this one is ready!