The entity represents a specific type of privately held property located in close proximity to a renowned national park. These properties often offer a combination of outdoor recreational opportunities, large land parcels, and potential for residential development or conservation efforts. The setting provides access to the Greater Yellowstone Ecosystem, which is known for its diverse wildlife and natural beauty.
Its significance stems from its potential economic impact on the surrounding communities through tourism and property taxes, while also playing a role in land management practices that can affect wildlife habitats and conservation initiatives. Historically, land ownership in this region has been tied to ranching, resource extraction, and more recently, the increasing demand for recreational properties.