$2,980,000
$3M PRICE DROP

5555 Sage Flat Rd Reno, NV 89510

Estimated payment $16,724/month

Total Views 32,352
3 Beds
2 Baths
1,100 Sq Ft
$2,709 Price per Sq Ft

Highlights

  • Barn
  • Meadow
  • Wood Flooring
  • 710.97 Acre Lot
  • Farm
  • Separate Outdoor Workshop

About This Home

The *710.97* acre Palomino Farms stands as a cherished agricultural hallmark of the Palomino Valley, located just a 8-minute drive north of Sparks, NV and 30-minute drive to Reno, NV, one of the fastest-growing metropolitan regions in the United States. Palomino Farms is a multifaceted and innovative farm with high-quality alfalfa and alfalfa orchard grass mix production at its heart. 220.60 ± irrigated acres under one Zimmatic and one Valley pivot, coupled with 46.25 acres under wheel line irrigation, produces approximately 4.2 to 5.35 tons per acre of alfalfa orchard grass mix and 3.55 to 4.3 tons per acre of high-quality alfalfa. There is future capability for the one Zimmatic pivot to provide an additional 49.4 acres of pivot irrigation. The crop is bolstered by 1,268.15 acre feet of underground water rights, two 600+ ft. ag wells, and two 150 HP pumps for each. Additionally, there are approximately 394.72 ± acres of rangeland to boot. Home sweet home is a comfortable 2,200 sq. ft. updated three bedroom, two bath home with lawn, including a large kitchen with stainless steel appliances, and a cozy living room. Ranch infrastructure includes a pole hay barn, equipment shed, shop, and outbuildings. It's extremely rare to find such a productive alfalfa farm with enviable water rights and buildable lots in Washoe County. Come discover the endless opportunities with Palomino Farms! ** Seller to perform lot line adjustment that will change the acreage of APN #077-090-14 and APN #077-090-13. **

Listing Agent

Todd Renfrew

Outdoor Properties of Nevada License #B.1001686 Listed on: 12/02/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,099

Year Built

  • Built in 1976

Lot Details

  • 710.97 Acre Lot
  • Property fronts a private road
  • Creek or Stream
  • Dog Run
  • Landscaped
  • Level Lot
  • Irrigation
  • Meadow
  • Property is zoned Pr 18/Lds 82

Parking

  • 2 Car Attached Garage
  • Parking Pad

Home Design

  • Farm
  • Composition Roof

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Family Room
  • Open Floorplan

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Separate Outdoor Workshop
  • Shed

Schools

  • Spanish Springs Elementary School
  • Sparks Middle School
  • Spanish Springs High School

Farming

  • Barn
  • Bunk House
  • Farm
  • Crops
  • Hay

Utilities

  • Forced Air Heating and Cooling System
  • Water Rights
  • Central Water Heater
  • Septic Tank

Additional Features

  • Property is near creek
  • Hay Storage

Listing and Financial Details

  • Assessor Parcel Number 077-090-03

Property Details

Property Type

Other

Est. Annual Taxes

$11,099

Year Built

Built in 1976

Lot Details

710.97 Acres

Parking

2

Listing Details

  • Year Built: 1976
  • Current Use: Farm, Hunting, Row Crops
  • Property Sub Type: Farm
  • Property Type: Farm & Ranch
  • Lot Features: Landscaped, Level, Meadow
  • Lot Size Acres: 710.97
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Security Features: Other
  • Co List Office Mls Id: 2032-o
  • Co List Office Phone: 775-455-0225
  • Special Conditions: None
  • Directions: Pyramid Hwy. / Whiskey Springs Rd.
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Living Area: 1100.0
  • Structure Type: House
  • Water Rights Water Rights Y N: Yes
  • Land Details Crops Included Y N: No
  • Land Details Road Easement Y N: Yes
  • Land Details Utility Easement Y N: No
  • Land Details Easements Y N: Yes
  • Land Details Grazing Permits Private Y N: No
  • Land Details Grazing Permits Forest Service Y N: No
  • Land Details Grazing Permits B L M Y N: No
  • Land Details Mineral Rights Y N: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Dog Run
  • Roof: Composition
  • Stories: 1
  • Construction Type: Other
  • Foundation Details: Other
  • Other Structures: Barn(s), Shed(s), Workshop, Bunk House

Garage/Parking

  • Has Attached Garage?: Yes
  • Garage Spaces: 2.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, Garage, Parking Pad

Utilities

  • Utilities: Electricity Available
  • Water Source: Underground, Pump
  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank

Schools

  • Middle Or Junior School: Sparks

Lot Info

  • Parcel Number: 077-090-03
  • Fencing: None
  • Horse Amenities: Hay Storage
  • Lot Size Sq Ft: 30969853.2
  • Crops Included: No
  • Zoning: Pr 18/Lds 82

Tax Info

  • Tax Annual Amount: 11099.0

MLS Schools

  • Elementary School: Spanish Springs
  • HighSchool: Spanish Springs

Map

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 -- $109,619 $33,266 $76,353
2024 $3,420 $107,540 $27,348 $80,192
2023 $3,167 $98,630 $24,129 $74,500
2022 $3,075 $86,001 $21,882 $64,119
2021 $2,847 $83,574 $20,405 $63,169
2020 $2,764 $81,805 $17,809 $63,996
2019 $2,632 $82,073 $17,852 $64,221
2018 $2,556 $81,138 $18,173 $62,965
2017 $2,453 $78,282 $13,844 $64,438
2016 $2,391 $77,250 $10,547 $66,703
2015 $1,193 $67,711 $9,617 $58,094
2014 $2,312 $67,021 $9,186 $57,835
2013 -- $67,162 $9,027 $58,135
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Price Changed $2,980,000 -53.4% $2,709 / Sq Ft
12/02/2024 12/02/24 For Sale $6,399,000 -- $5,817 / Sq Ft
Source: Northern Nevada Regional MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $4,400,000 First Centennial Reno
Trustee Deed $600,000 Western Title Inc Ridge
Bargain Sale Deed $4,274,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,899,500 Seller Take Back
Source: Public Records

Source: Northern Nevada Regional MLS

MLS Number: 240014982

Northern Nevada Regional MLS

APN: 077-090-03

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