1,4-Polymyrcene was synthesized by anionic polymerization and epoxidized using meta-chloroperbenzoic acid. Samples with different degrees of epoxidation (25%, 49%, 74%, and 98%) were prepared and examined according to their chemical and thermal properties. Epoxidation was found to increase the glass transition temperature (Tg = 14 °C for the 98% epoxidized 1,4-polymyrcene) as well as the shelf live (>10 months). The trisubstituted epoxide groups were remarkably stable against nucleophiles under basic conditions but cross-linked or hydrolyzed in the presence of an acid. Also, highly epoxidized 1,4-polymyrcene readily cross-linked upon annealing at 260 °C to produce an epoxy resin.