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    81075 82 Hwy Wallowa, OR 97885

    Sponsored
    For Sale
    $2,750,000

    198 Acres, Irrigated Farm, Riverfront

    Property size:
    3,211 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 198.82-acre ranch in Wallowa County, Oregon, presents a unique opportunity for agricultural investment. The property boasts a highly productive irrigation system, including a 7-tower center pivot and Clearwater ditch subsurface water, yielding approximately 528 tons of hay annually from alfalfa/grass mix and grass hay. A substantial 3,211 square foot manufactured home (3 bedrooms, 3 baths) with a 768 square foot detached garage and numerous outbuildings (barns, sheds, grain bins) provides ample living and storage space. The ranch enjoys Lostine River frontage, offering scenic beauty and potential for expansion. Current income streams include a late-season water rights lease and NRCS Conservation Stewardship Program contracts, generating significant revenue. An additional 60 acres of leased land further enhances the property's productivity, adding approximately 180 tons of grass hay annually. The property's location in the picturesque Wallowa Valley provides access to stunning natural landscapes and recreational opportunities, including hiking, fishing, and winter sports. The area's semi-arid climate, with warm summers and cold winters, is ideal for hay production. The property is situated near the charming towns of Lostine and Wallowa, offering a blend of rural tranquility and convenient access to amenities. This turnkey operation offers a compelling combination of income generation, recreational potential, and breathtaking natural beauty.

    Property Features for 81075 82 Hwy

    General Information

    Property type
    Farms
    Square Feet
    3,211 SF
    Lot Size
    8,660,599 SF

    HighLights

    • 198.82‑acre irrigated ranch in Wallowa County, Oregon.
    • 3,211 sq ft manufactured home (3 bed/3 bath), 768 sq ft detached garage, and multiple outbuildings.
    • Highly efficient irrigation system producing ~528 tons of hay annually.
    • Lostine River waterfront property with potential for increased hay and cattle grazing.
    • Generates income from water rights lease (~$17,000 in 2024) and NRCS contracts ($39,999).
    • 60 acres of leased land producing ~180 tons of grass hay annually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wallowa
    County
    Wallowa
    State
    Oregon
    Longitude
    -117.41426
    Latitude
    45.484366

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    FAQs

    What type of property is this?
    Farm - 198 Acres, Irrigated Farm, Riverfront
    Where is this farm located?
    The property is located at 81075 82 Hwy Wallowa, OR.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 198.82-acre irrigated ranch in Wallowa County, Oregon.; 3,211 sq ft manufactured home (3 bed/3 bath), 768 sq ft detached garage, and multiple outbuildings.; Highly efficient irrigation system producing ~528 tons of hay annually.
    Request Owner's contact information
    81075 82 Hwy Wallowa, OR 97885
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    Wallowa, OR 97885
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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.

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    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
    81075 82 Hwy Wallowa, OR 97885
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