Yellowstone creator Taylor Sheridan doesn't just write about life on the ranch — he lives it in real life, too. The powerhouse writer-director has just purchased a spectacular ranch in Wyoming for just under $5 million, and the property is absolutely stunning.

TMZ reports that Sheridan, 54, bought a 179-acre ranch in Wyoming's Star Valley, a very rural location that's about 65 miles from Jackson Hole. The property is called Papa's Creek Ranch, and it's a slice of natural splendor that rivals anything the Dutton family owns on Yellowstone.

The listing for the property touts the opportunities for fishing and waterfowl hunting in "one of Wyoming's most scenic valleys." The Salt River runs through the land for 1.35 miles, while Papa's Creek runs for more than a mile and a half on the property.

Both the river and the creek are protected by Wyoming's access laws, with no conservation easements or restrictions.

READ MORE: See Inside More Stunning Celebrity Homes

There are two small buildings on the property, but most of the land is completely unspoiled, offering sweeping mountain views of the Salt River Range to the East and the Webster Range to the West.

Sheridan purchased the land through an LLC, and it's unclear whether he intends to reside there or use it for filming on one of his many television and film projects.

Sheridan is no stranger to life on the ranch, as he already owns Bosque Ranch in Weatherford, Texas, as well as the 6666 Ranch in King County, Texas, which he has used to film extensive parts of Yellowstone and other shows. The 6666 Ranch is also reportedly the setting for an upcoming Yellowstone spinoff titled 6666.

Scroll through the pictures below to see Taylor Sheridan's new Wyoming ranch, and keep scrolling to inside his 6666 Ranch, as well as the homes of the stars of Yellowstone.

Sterling Whitaker is a Senior Writer and Senior Editor for Taste of Country. He focuses on celebrity real estate, as well as coverage of Yellowstone and related shows like 1883 and 1923. He's interviewed cast members including Cole Hauser, Kelly Reilly, Sam Elliott and Harrison Ford, and Whitaker is also known for his in-depth interviews with country legends including Don Henley, Rodney Crowell, Trace Adkins, Ronnie Milsap, Ricky Skaggs and more.

PICTURES: See Inside 'Yellowstone' Creator Taylor Sheridan's Stunning $4.95 Million Wyoming Ranch

Yellowstone creator Taylor Sheridan doesn't just write about life on the ranch — he lives it in real life, too. The powerhouse writer-director has just purchased a spectacular ranch in Wyoming for just under $5 million, and the property is absolutely stunning.

Gallery Credit: Sterling Whitaker

PICS: See Inside Taylor Sheridan's Historic 6666 Ranch in Texas

The massive, historic Texas ranch where the upcoming Yellowstone spinoff Yellowstone: 6666 will shoot has sold for just under $200 million, and pictures show a property that is truly part of Texas history.

The 6666 Ranch — better-known as the Four Sixes Ranch — in Guthrie, Texas, dates back to 1870. The ranch centers around a 13-bedroom, 13-bathroom, 13,280-square-foot main residence, which is constructed of quarry rock that was hauled to Guthrie by wagon. The ranch also includes vast, sweeping fenced pastures, farmland, fenced-in pens for cattle, a more recent addition for horses, a water filtration plant that serves the ranch's water needs and more.

There are separate camp manager's homes in both the North Camp and the South Camp of the ranch, which encompasses nearly 225 square miles of land. Yellowstone creator Taylor Sheridan is part of a group of investors who recently acquired the property for $192 million, and he has been shooting his new show out there in recent months.

Gallery Credit: Sterling Whitaker

PICTURES: See Inside Kevin Costner's Spectacular Colorado Ranch

Yellowstone star Kevin Costner lives the ranch life when he's off the set of the hit show, too. The Oscar-winning actor owns a 160-acre ranch in Aspen, Colo., that's a spectacular getaway, complete with a main residence, a lake house and a river house.

The luxury retreat also features a baseball field, a sledding hill, an ice rink, multiple hot tubs and views of the Continental Divide. The ranch property comfortably sleeps 27 people, and it's currently available to rent for 36,000 a night.

Gallery Credit: Sterling Whitaker

PICTURES: See Inside 'Yellowstone' Star Cole Hauser's Spectacular California Ranch

Cole Hauser doesn't just play a rancher on Yellowstone, he's lived that life off-screen, too. The actor's 5-bedroom-6-bathroom, 5,402-square-foot rural home on a very private, double-gated three-acre parcel of land includes the lavish 4-bedroom, 4-bathroom main residence, as well as a guest house and a separate studio apartment. The main house runs completely on solar power and comes with a 3-car garage, with easy transitions between indoor and outdoor living spaces, and the exterior of the property includes a pool area and a hot tub, as well as fenced-in horse corrals.

Gallery Credit: Sterling Whitaker

See Forrie J. Smith's Stunning Ranch:

You Can Rent a Cabin on the Ranch From 'Yellowstone' - See Pictures

The stunning Montana ranch that serves as the setting for the hit TV show Yellowstone offers cabins for rent, and the price includes tours of the set and ranch. Scroll below to see photos of the extraordinary property.

Gallery Credit: Sterling Whitaker