Lot 1 is a premium view lot, with the Madison Range to the east, the Gravelly Range to the west & the Madison River running through the valley below. This lot has end-of-the-road privacy, with it's own entrance off of the highway, rather than going through the subdivision. The property is 28+ acres, starting on the upper bench with spectacular elevated views, dropping off the bench in a steep bank down to the lower level which flattens out in a long expanse, bordering BLM (Bureau of Land Management) public land. The buildable area on the upper bench is limited, but plenty room for building a home with a view, or a commercial establishment. There appears to be access to the lower level through the BLM, off the road to the Storey Ditch Boat Launch area, following a track north along the ditch to a gate into Lot 1. The existing road into Sphinx is used by the Ditch Rider who maintains & checks the irrigation canal, owned by the Cameron Ditch Co. (also referred to as the Granger Ditch). Sphinx property owners also have exclusive access through another section of BLM that runs to the Madison River, for a more private stretch of water. This is a unique property and must be seen to be appreciated. This property is strategically located in the center of the Madison Valley, which has it all. You can enjoy world-class fishing, hunting, hiking, rafting, snowmobiling, trail riding, golfing, and exploring! Plus, Ennis, the basecamp for the valley, is a charming little western town, with all the services you might need.