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    2801 Monte Neva Rd Ely, NV 89301

    Sponsored
    For Sale
    $5,050,000

    High-Yielding Farmland, Proven Water Rights

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: 1,079 acres of prime farmland located in the Steptoe Valley near Ely, Nevada. This property boasts proven water rights to irrigate approximately 845 acres, utilizing underground water sources. The land is comprised of multiple parcels (APN: 008-490-24, 010-010-01, 008-480-25, 008-480-14, 008-480-21, 010-020-01, 008-48-022-25) and is zoned AG. The high elevation (approximately 5,800 feet) provides fantastic growing conditions, currently supporting a highly productive operation yielding crops with very high protein content. Irrigation is facilitated by eight pivots served by six wells, all with certificated or application-approved water rights. The property is offered at $5,050,000 and presents a rare chance to acquire established, high-performing farmland in a desirable location. The address is 2801 Monte Neva Rd, Ely, NV 89301. This fee-simple ownership offers significant potential for continued agricultural success and long-term investment growth.

    Property Features for 2801 Monte Neva Rd

    General Information

    Property type
    Farms
    Lot Size
    47,001,240 SF

    HighLights

    • ±1,079‑acre fee simple land parcel.
    • Located in Steptoe Valley near Ely, Nevada.
    • 845 acres with proven water rights for irrigation.
    • Irrigation via underground water rights; eight pivots served by six wells.
    • All water rights are certificated or application‑approved.
    • High‑elevation (5,800 ft) location with excellent growing conditions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ely
    County
    White Pine
    State
    Nevada
    Longitude
    -114.779352
    Latitude
    39.653515

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    FAQs

    What type of property is this?
    Farm - High-Yielding Farmland, Proven Water Rights
    Where is this farm located?
    The property is located at 2801 Monte Neva Rd Ely, NV.
    What is the asking price?
    The asking price for this property is $5,050,000.
    What are key features of this property?
    This property features: ±1,079-acre fee simple land parcel.; Located in Steptoe Valley near Ely, Nevada.; 845 acres with proven water rights for irrigation.
    Request Owner's contact information
    2801 Monte Neva Rd Ely, NV 89301
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    Ely, NV 89301
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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
    2801 Monte Neva Rd Ely, NV 89301
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