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Property profile & analytics
OFF-MARKET
Land

19320 Ca-89 Markleeville, CA 96120

630.93 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 630.93-acre ranch near Lake Tahoe offers a unique blend of agricultural potential and recreational opportunities. Located in Alpine County, California, near Markleeville, and a short drive from Minden/Gardnerville, Nevada, the property boasts over 794 acre-feet of surface water rights from Randall Springs Creek and Indian Creek, supplemented by springs, ponds, and two agricultural wells. 300 acres are irrigated, with an additional 50 acres sub-irrigated, currently supporting a cattle lease with approximately 159 yearlings and 10 bulls seasonally. Improvements include a recently expanded 5-bedroom, 3-bathroom modular home with an oversized 4-car garage, a rustic cabin, a new metal shop with concrete floor and three roll-up doors, corrals, a loading chute, and perimeter fencing. The ranch is completely off-grid thanks to a robust solar power system, with a backup propane generator. Recreational activities abound, including horseback riding, fishing, hunting, and hiking, with proximity to skiing and Lake Tahoe. Over 30,000 trees have been recently planted as part of a reforestation project. The property is enrolled in the Williamson Act, resulting in lower property taxes. Asking price is $4,500,000. This turnkey operation presents a rare opportunity to own a substantial and well-maintained ranch in a stunning natural setting.

Property profile
Verified
Property type Land
Lot 630.93 ac (27,483,311 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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