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    047 State Route 89 Markleeville, CA 96120

    New
    For Sale
    $3,250,000

    LAND - Markleeville, CA

    Lot size:
    571.50 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 047 State Route 89

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    varies
    APN
    002-230-047-000
    Lot size
    571.50 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Needed
    Water source
    Well Needed
    Water front
    1

    Building Details

    Additional Structures
    Outbuilding

    Intero Alpine Sierra (775) 783-5338 [email protected]

    Listing agent Teddy McKone (775) 720-7660 License #B.1000684

    Listing date Nov 30, 2025

    MLS# 250058648 Listing URL

    Copyright © 2025 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sierra Nevada Mountain Paradise

    This stunning property offers a slice of paradise nestled in the heart of the Sierra Nevada mountains, encompassing over 570 acres across four parcels. The diverse terrain includes forested areas, a large open meadow, a small mountain lake, seasonal streams and a pond, and breathtaking views. The meadow and pasture benefit from surface irrigation water rights and have been seasonally leased for cattle grazing. Three entry points off Scenic Hwy 89 provide excellent access. Surrounded by BLM land, the Indian Creek Recreation Area, South Tahoe PUD, and a small portion of private property, the property includes the westerly portion of Summit Lake, with the remainder on BLM land. A scenic trail leads from the front meadow up to the lake, located near the south easterly property line/corner. A seasonal shallow pond sits at the north end of the meadow. Two recently built log carports add rustic charm and functionality. The property is just minutes from Markleeville, with dining options, a general store, and Grover Hot Springs, and is also central to Lake Tahoe, Carson Valley, and Kirkwood and Heavenly ski resorts. The area is suitable for fishing, hiking, snowshoeing, horseback riding, skiing, and cycling. The property is located in Alpine County.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Markleeville
    County
    Alpine
    State
    California
    Longitude
    -119.805399
    Latitude
    38.750785

    Nearby Similar for Sale

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      8.90 Acres

      Markleeville Commercial Property - Hwy 88

      Mixed-use building, 8.9 acres, Hwy 88 frontage.
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      View Details

    FAQs

    What type of property is this?
    Ranch - 570+ acres in the Sierra Nevada mountains.
    Where is this ranch located?
    The property is located at 047 State Route 89 Markleeville, CA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Expansive 570+ acre property with diverse terrain and breathtaking views.; - Excellent access with three entry points off Scenic Hwy 89.; - Includes the westerly portion of Summit Lake and surface irrigation water rights.
    (775) 720-7660
    Request Owner's contact information
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    Markleeville, CA 96120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    047 State Route 89 Markleeville, CA 96120
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