12102 Red Gate Rd Nevada City, CA 95959

Property Details for 12102 Red Gate Rd

Year built

2018

Lot size

48.00 lot acres

Property size

9,216 SF

Property type

Residential income homes

Description

This exceptional 48-acre property in Nevada City, California, presents a unique investment opportunity. The portfolio comprises a main home and five additional log cabins, totaling six units, offering a blend of rustic elegance and modern amenities. Each unit boasts features such as wood floors, vaulted ceilings, hickory cabinets, granite/marble counters, and custom vanities. Many units include upper lofts, significantly increasing sleeping capacity. Beyond the main residences, the property includes a guest cabin, a tiny house, and an art barn, currently used as studios. A stunning spa, complete with an indoor hot tub, rock work, fireplace, and massage room, adds to the property's allure. The expansive grounds feature a private swimming pond with two sandy beaches, an organic garden, hiking trails, a year-round creek, and two waterfalls. Infrastructure includes two high-producing wells, underground PG&E, propane, high-speed internet, and an automatic generator, supporting potential self-sufficiency. The property's location, nestled between Grass Valley and Nevada City, offers proximity to excellent schools, and easy access to outdoor recreation, cultural attractions, and major transportation routes. The 9,216 square foot property, built in 2018, sits on three adjoining lots and is zoned RES-AG. Conservative income projections suggest $90,000 annually from three units rented at $2,500/month, or $108,000 annually from three units at 50% occupancy as short-term rentals at $200/night. These figures significantly underestimate the property's true rental potential. This is a truly remarkable opportunity to own a self-sustaining, income-generating retreat in a highly desirable location.

Location Insight

City

Nevada City

County

Nevada

State

California

Longitude

-121.003

Latitude

39.2331